It’s fairly easy to understand any jargon once you realise the underlying reason for its existence. Would you rather say debt or “amount of money owed to some entity”? You need to define terms to reduce the words required to explain it.

Product Manager

Best ignore all of these and use chatgpt. Ask chatgpt to explain to you like a 10 year old kid.

Software Engineer

Note them and lookup their meaning on the internet for a month. 
 They’d became natural to you

How many of you find financial jargons confusing. There are so many terms that we hear  debt, elss, liquid funds blah blah  So many fin influenzers telling something or the other on social media an...

Welcome to Personal Finance's Private Community

How many of you find financial jargons confusing. There are so many terms that we hear - debt, elss, liquid funds blah blah 
So many fin- influenzers telling something or the other on social media and with time to fill ITR nearing closer its all more bombardment.

Do you think a need of much simpler explaination?

Financial jargons

Software Developer

Financial jargons- Grapevine

As I came across people from various backgrounds, I see a very motive driven purpose for the need of Financial Education in India. What do you guys think ? People aren't aware about basic terms like assets/liabilities, Why do we file taxes, Vicious circle of Debts, compounding and a lot more. And which is why the young population even after earning in lakhs end up spending it all😭 

Thoughts ?

Is Finance Education a real need ?

Generalist

Why is there such a low penetration of credit cards in India ?? What problems do guys face in relation to credit cards and needs to change ??

Credit cards

What's the most unnecessarily complex finance Gyan you ever got? By whom?

Product Owner

Welcome to Office Gossip's Private Community

Some finance person needs to explain this

How do you folks go about remembering what to do when with regards to basics of tax planning ? 

Things like using all the various tax exemption levers LTCG,investing in 80C etc 

PS:Noob alert !

Struggling with personal finance discipline!

Strategy & Operations

DISCLAIMER - I have no intentions to become a finfluencer. These posts are just to trigger personal finance conversations as I see many noobs chasing small/mid caps without a fundamental understanding. 

*3 interesting parameters to select MFs!*

1. Standard Deviation - It reflects the range of returns from the investment amount. 10% SD on 1000 rs investment can return from 900 to 1100. Higher the SD, riskier the investment.

2. Beta - This reflects the downside of MF against the benchmark. Beta < 1, fund has better downside protection. If Beta > 1, fund might fall more if markets see a correction. 

3. Alpha - It reflects upside on fund when risk-adjusted against benchmark. Risk adjustment in easier terms can be absorbed as if benchmark index would have taken similar volatile stocks what would have been returns associated with it. To connect the dots, a fund can have higher positive returns with higher negative returns. Alpha will absorb downside and reflect upside after that. 

Exercise - Check the SD, Alpha, Beta of any two funds in the same category and share your learnings. 

For any category of funds (flexicap, small, large) these 3 parameters can be used for comparisons. Few more parameters are there but those can be explained later. 

Which factors you use while buying a Mutual Fund?  

Happy Weekend!

FriYaY Finance Fundae!

An extra drop of tax benefit from already squeezed salaried lemons.

My thesis has been that finance has been made complex deliberately and it isn't rocket science.

Would love to hear some madeup complexities.

I'm planning to take a loan for 60Lacs.

which is the best bank to take from to get the lowest interest rate.

what should be the duration of loan  5 or 10 years - based on getting Tax exemptions.

60 Lacs Home Loan

Welcome to Software Engineers's Private Community

Every second/third post on my feed is promoting some mentorship/coaching. Fed up with it. 

The post starts with some gyaan ( mostly related to interview) and then ends with mentorship or coaching promo. Especially people who cracked interview at amazon and microsoft. And now any random company. Some post has pic too, which is fully unrelated to the post. 

From SDE’s perspective. 
Job at work is different from interview. And i am sure current employees, if they have to go through interview process of the same company for the same position, most of them won’t be able to crack in the first go. ( Unless they know the exact questions to be asked ). 

Coding rounds.
Companies usually have a set of questions (question bank) and interviewer picks question from it. Except for the very exceptional case, it is quite difficult to solve these questions if you haven’t solved them ( or related questions) earlier in the given time. So, it all boils down to how close are you to their question bank. 

So, instead of other things, if linkedin mentors posted about the questions they were asked, that would be more useful. 

To be continued….

[Rant] Linkedin mentors

Got money as proceeds of a flat sale. Planning to buy a new property for self use using this money and adding some more money. I need not put in escrow/infrastructure funds as sale has not resulted in any capital gain.

What is the best place to park a large sum of money for 3-6 months

Investor

I personally see it as game changer in how invest in FDs.

Any comments or thoughts or guidance would be highly appreciated.

Is Stable money a stable choice ?

Maintaining track of investments, bank accounts/deposits, PPFs, trading, debentures, mutual funds, insurances/ULIPs, N number of form 16s, IT returns, then home loan/personal loan/car loan accounts, credit card accounts, paying bills, remembering usernames & passwords of each online account, nomination updated or not, meeting KYC requirements….phew!

How do you manage your financials? Do you even know your financial worth? 

(I work in the field of software engineering)

How do you know your financial worth?

Software Architect

To a relatively new adult, what financial advice(s) would you give on how to and where to invest my money?

Looking for some Financial advice

Application Engineer

Personal finance IRL

How's HDFC endowment policy? They're claiming a >30% return on the principal amount. 
Are there any risks involved with such a policy? Anyone invested in such policies?

HDFC policy with >30% assured returns

Tech Lead

Welcome to Indian Startups's Private Community

Hey there! 👋 

We're Dime Money, a game-changing fintech startup focused on making your financial lives better. We request you to answer a few quick questions to help us build a product you’ll love and as a token of our appreciation, we’ll add you to our priority list and send you an early access code as we go live (very soon!)

Let's shape the future of finance together! 🚀

https://tally.so/r/3qA87O

🚀 Exclusive Early Access Alert for Dime Money Survey Participants! 🎉

Hi, 

Please add financial things to know about or plan for if some one is starting a career or even their financial planning journey.

1. Taxation
2. Insurances(Term/Health/Vehicle etc)
3. Govt backed investment options (EPF/NPS etc)
4. FDs, Government Bonds
5. Stocks, Mutual Funds, ETFs, SIPs
6. Credit card to maintain good Credit Scores

Financial things to plan at the start of career

Who is that 1 LinkedIn profle you hate and why?

Mine. Never got me shortlisted for any job application.

Financial jargons

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