M. Pattabiraman's Blog, page 94
June 26, 2023
What does 30X refer to in FIRE or retirement planning?
A reader says, “In many personal finance forums, I see comments like I have accumulated 25X or 30X for retirement. Many claim that 30X is when one becomes financially independent and even ready for early retirement (FIRE). Can you please write an article explaining what this 30X refers to and how it signifies financial independence?” What is...
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June 25, 2023
My Stock Portfolio Analysis: June 2023
This article compares my stock portfolio with an equivalent investment in a Nifty index fund and the Nifty 100 Low Volatility 30 TR index. We post this comparison each month. Before we begin, new readers need to appreciate the context of these investments. I started direct equity investing only after achieving a comfortable level of...
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June 24, 2023
How to upload Equity MF/Share LTCG transactions in ITR2/ITR3 (Schedule 112A)
If you are salaried and have capital gains to report, you must file ITR2. If you are a business person or a professional with capital gains, you must file ITR3. This article discusses uploading Equity MF/Share LTCG transactions in ITR2/ITR3 (Schedule 112A). If you have equity or equity MF transactions purchased after 31st Jan 2018,...
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June 23, 2023
My Journey to a Ten Crore Portfolio
In this edition of the reader story, we meet Arun, who has most generously volunteered to share his investment journey with the DIY community. I say this because more people with his net worth are usually reticent and unwilling to open up. While sending the draft, he graciously said, ” I have nothing major to share...
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June 22, 2023
How to use MF capital gains statement for filing ITR2 and ITR3
Here are two examples of using mutual fund capital gains statements for LTCG and STCG entries in ITR. Please use this along with a step-by-step guide to enter MF and share capital gains in ITR2 (or ITR3) and How to Set off & Carry Forward Capital Losses in ITR2 and ITR3. Salaried taxpayers should use ITR2 if...
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June 21, 2023
Why are stock market graphs plotted in logarithmic scale?
A reader asks after looking at the Sensex chart in the article – Do not stop or redeem your equity investments! Now is the best time to invest! (also shown below), “Why did you draw the Sensex chart in logarithmic scale? What is the benefit of doing so?” Let us start with what a logarithm is....
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June 20, 2023
Can I use Sovereign Gold Bonds to diversify my portfolio?
A reader says, “The next trance of Sovereign Gold Bonds is now available for purchase. Can I buy these for portfolio diversification?” The short answer is: Don’t! In principle, gold can be used for diversification (that it is not of much use is another matter, see below), but the product should be liquid. We should...
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June 19, 2023
How to Set off & Carry Forward Capital Losses in ITR2 and ITR3
We recently published a Step-by-step guide to entering MF and share capital gains in ITR2 (or ITR3). Many readers wanted to know how to set off & carry forward capital losses in ITR2 and ITR3. So here is a quick guide. If you are new to entering capital gains and losses in the ITR utility, we...
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June 18, 2023
Debt and hybrid mutual fund screener (June 2023) for selection, tracking, learning
This is a debt mutual fund screener for fund selection, fund portfolio tracking and learning. It also includes hybrid funds that invest in bonds. It will satisfy investors who wish to invest in money market funds, banking and PSU funds etc. The credit quality of the bonds in the portfolio and the bond maturity profile...
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June 17, 2023
Why nothing compares to being prepared to face emergencies
The following is an anonymous post in the Facebook group Asan Ideas for Wealth (AIFW) reproduced here after its admin, Ashal Jauhari’s suggestion. “A real-life example to prove that there are only two kinds of people – those who have faced emergencies and those who have not. In the example below, this old friend –...
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