andysfinancial

MUSING 39 FINANCIAL LESSONS FROM SENSEX HISTORY PART 1 Good morning friends. For the equity enthusiasts, the day of 26 November 2019 would have been a special one. On that day, the Sensex crossed a new milestone- of closing at its highest ever, 41000 mark. It is an interesting journey which along the way has taught us so many investing lessons. I thought of writing a series of blogposts on Sensex, and some key issues which may help us in our future investment journey. But before that, a bit of update on both my books. Musings of a Financially Illiterate Father continues its relentless march on Amazon Bestsellers list. The book was ranked #9 on Kindle on 27 November. My second book, The Millionaire Mechanic, has gone through two rounds of editing and should be in your hands by end-December. Bombay Stock Exchange (BSE), established in 1986 , is the world’s 11 th biggest stock exchange with more than 5500 publicly listed companies on it. All the trading for the sto...

MUSING 38- MEET THE AUTHOR MONA VERMA A bit of update on my books. “Musings of a Financially Illiterate Father” is continuously trending in top 20 on Amazon and is an Amazon bestseller now. My second book, “The Millionaire Mechanic” is in advanced stages of editing and should be in your hands by next month. I am also launching my website soon, the details of which I will share next week. How does time fly? It has been one full year since my book, “Musings of a Financially Illiterate Father”, debuted at the lit fest “Valley of Words” at Dehradun. It was my first appearance as an author at a lit fest and not surprisingly, there was a swarm of butterflies in my stomach. I was to do an hour’s interview anchored by a famed author followed by Q&A by the audience. I was nervous on two counts- firstly, my book was on a non-core subject and I was apprehensive of being bombarded with questions which I may not be able to answer. And secondly, facing intellectual and cerebral...

MUSING 37 INSURANCE: THE ESSENTIAL FIVE OTHER INSURANCES It is a matter of great honour and privilege for me to unveil the cover of my new book, “The Millionaire Mechanic- Financial Wisdom in The Rann”, to my friends. With this book, I am attempting a new genre in writing- a Financial Travelogue. The book is set in beautiful Kutch and will give you the thrill of travelling as you also gain financial wisdom through the protagonists- Anshreya, HoneyCool and Aman. I will await your reactions to the book cover with bated breath. I will also request you to share the book cover with your family, friends and social circles to give it wide publicity. The book should be in your hands by December. In the last three posts w e have discussed two out of the five essential five insurances- Life and Health insurances. In this final post of this series, we will tackle the balance three essential insurances. Accident and Disability Cover The number of road accident...

MUSING 36 INSURANCE: THE ESSENTIAL FIVE HEALTH INSURANCE- LATEST RULES Morningstar is a global financial services firm based in Chicago, USA. It is considered to be the gold-standard in investment research and management services. Naturally, any reference of any product or services quoted or referred to by the Morningstar assumes utmost importance. It is a matter of great pride and privilege for me that my book, “Musings of a Financially Illiterate Father”- an Amazon Bestseller and ranked # 5 globally, has been referred to by Morningstar in their article “Saving for Your Child’s Education”. As a debut author, it is indeed a great honour for me, and I thank Morningstar for the same. The link is provided below for your perusal. https://www.morningstar.in/posts/52584/saving-childs-education.aspx IRDAI has recently brought out its new draft policy on guidelines pertaining to health insurance. Most, if not all the proposed changes are consumer-friendly and w...

INSURANCE: THE ESSENTIAL FIVE- PART 2 The festival of lights- Diwali is over and I am sure you enjoyed the same with your family and friends. In my case though, Diwali continues unabated with my book, “Musings of a Financially Illiterate Father”, reaching new heights every day. As on 02 Nov 2019, i.e. today, the book is ranked # 5 globally on Kindle (Business and Finance) and # 12 on Amazon Books (Business Self-Help). It is an amazing and humbling feat considering that there are nearly 1.5 million books published each year and my book is now nearly 17 months old. Very clearly, common investors like me have found resonance with the book and have given it a thumbs-up. Thank you all for your love, support and blessings. We had discussed the first of the essential five insurances- the life insurance, in my last post. Let’s commence with our discussion on the remaining four insurances. 2.       Health Insurance. This is the second most...