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confidently clueless

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“Confidently clueless” in personal finance means feeling very sure about your money decisions while actually not understanding the risks, trade-offs, or consequences. In simple words: 👉 High confidence, low knowledge. What it looks like in real life “I’m doing a SIP, so I’m financially sorted.” “This fund gave 20% last year, so I invested big.” “Long term always works, no need to worry.” “Everyone on YouTube says this is the best.” The confidence comes from stories, past returns, or herd behavior, not from real planning. Why it’s dangerous Confidence hides ignorance. No clarity on goals No understanding of risk capacity No idea what can go wrong No plan for income loss, illness, or life changes When markets fall or life hits, the confidence collapses first — and money follows. A simple way to think about it Being confidently clueless is worse than being confused. Confused people ask questions. Confidently clueless people don’t. The opposite of “confidently clueless” Not br...
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How Franklin MF Debt scheme closure will affect your returns ?

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Here I will try to give a perspective opinion of mine on this topic . As you all know we have been going through an unprecedented situation of the century due to COVID19.Till couple of months back nobody have ever thought the world will stand still for so many days where the entire world will go back to decades economic wise and has to restart. Now coming to Franklin , funds which got closed 1.  Franklin Ultra Short Bond Fund – 0.62 years 2.  Franklin Low Duration – 1.46 years 3.  Franklin Income Opportunities – 2.55 years 4.  Franklin Short Term Income – 2.75 years 5.  Franklin Credit Risk Fund – 3.08 years 6.  Franklin Dynamic Accrual Fund – 4.28 years What is the implication of this ? 1.  Your money is locked now until AMC will make the payments. 2.  You can not Purchase,redeem , SWP and STP any longer What is DEBT scheme ? Debt scheme are the schemes where MF/NPS/PMS/ take investor money and buy ...
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Best Fixed Income Investments for less than 5 years

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The difficulty in finding a suitable fixed income product has increased ever since key interest rates were lowered by the Reserve Bank of India. Except for high yield options available only to senior citizens and minor daughters, there are very few products offering nearly 8% return per annum.  Ideally then, we decided to search and compile a list of various fixed income products offering high interest rate. We have considered the maximum investment term for the product as five years, and excluded products available only to specific age groups. Also, the deposit amount required for investment is less than 2 crores. Here are the options: Post office and Government Sponsored Schemes Most government schemes tend to be long term, of more than five years. The returns, too, are fixed and low for investing for such a long period. Among the few short-term options, the returns barely touched 8%. However, these deposits come with a sovereign guarantee, which makes them safe f...
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Why our Mutual Fund Portfolio needs restructure now ?

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Why Mutual Fund portfolio now require restructure …. It is just because of below 3 reasons 1.     Introduction of LTCG 2.     Categorization of Mutual Fund by SEBI 3.     Introduction of TRI (Total Return Index) Introduction of LTCG : That means frequent buy and sell of funds will put you in the trap of taxation and on a long run basis your return will reduce. Because each time you redeem you will pay tax and while reinvesting you need to pay upfront expense (applicable in both regular and in direct). Also we need to stop running behind those funds which are giving best return in recent times by churning your portfolio again and again may become fatal. So now your responsibility becomes more to choose right fund and stick to it for a lengthy duration. Categorization of Mutual Fund by SEBI : After new guideline from SEBI , a large cap should only consist of large cap (no mid and small cap) Similarly s...
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Aditya Birla Health Insurance Diamond Plan Review (Best In Current Context)

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  There are a lot of talk on health insurance .So I will not add more reason why is it needed. However today I will focus on review of one health insurance product from Aditya Birla , which I believe best among what all available in the market … Aditya Birla entered health insurance just a year back , so many may not aware of this product … But the features are superb while comparing to others … If you buy the insurance for 3 years , 4 th year premium is absolutely 0……Wow !!! Apart from that you can enjoy all branded gyms with local gym costs and many more …. Yearly one health check up , two fitness assessment and fitness test are absolutely free…if you are bachelor can enroll now , later you can add your spouse (of course after marriage) and kid   …e.g. If you take insurance for 5 lakh , you will enjoy 15 lakh cashless …and so on …Doesn’t it sound good … Let’s start For your quick reference I will right very short and to the point so that you can grasp easily i...
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Good Income Option for Senior Retired Citizens From Government Schemes

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It is always difficult to find a good income option for retired persons who do not have any income option and nil risk appetite . There are few below which may help our senior retired people. 1) Senior Citizen Savings Scheme   Interest rate: 8.1% p.a. paid out quarterly. Investment Period: 5 Years Investment Limit: Min- Rs1000, Max-Rs15 lacs Where to purchase: Post Office, All Nationalized banks and ICICI bank Eligibility Criteria: 60 years and above; Retirees above 55 can apply within 1 month of VRS/Superannuation. Pros: Account can be extended for 3 years after its normal term. Investment amount qualifies for deduction under section 80C up to Rs1.5 lacs. Nomination facility is available. Premature withdrawal allowed after 1st year with 1-2% penalty charge. Interest rates locked for the entire term. Cons: Interest pay-out frequency is quarterly, not monthly. Interest earned is taxable as per income tax bracket.  2) Pradhan Mantri Vaya Vandana Yoja...
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