Let's Get RICH With PATTU!

Please click on this link for Pattu's OTR vs NTR comparison calculator: https://freefincal.com/wp-content/uploads/2024/03/FInal-NTR-vs-OTR-1.xlsx On this Episode we cover: - A quick background on this change in tax regime - How the first investment for most people is for tax saving! - Skepticism towards the New Tax regime, and why - Pattu things young earners should select the ___ tax regime - Whe...

On this Episode we cover: - Are DINKs and SINKs on the rise? - What it is important to accommodate for, for DINKs and SINKs - The Primary difference between those who have kids and those who don't - Is there a tendency to spend more? - Do DINKs and SINKs lack motivation for retirement planning? - Why Pattu thinks DINKs and SINKs need to give back to society (it's not what you think) - How all this...

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On this Episode we cover: - Who exactly is this episode for - are you a dreamer? - Pattu talks about a web series and a Jeff Bezos quote - Stock market risks pale in comparison to Career risks - Living a life that is a VERSION of your dream seems to be fine - Why it is so important to take the biggest risks in your 20s! Go for it! - Just like not taking risks in investing, there is a severe risk o...

On this episode Pattu and Sid are joined by Deepak Mistry, an Automobile Industry veteran (currently with Audi India), and we cover: - why Pattu was hesitant about this episode - how Pattu moves around in Chennai ! - are Indians buying cars for utiliy or status? - Is it time for India to control the number of cars on our roads? - thumbrules for first time car buyers - Pattu gives us a thumbrule fo...

On this episode we cover: - The difference between immediate secondary income, and building for the longterm - Or is there a difference? - Becoming an expert - Should secondary income begin at the start of your career? - The perfect ingredients to begin with - creativity and helping others - What do you do after a long hard day at work, put your feet up and watch netflix? - What do online creators...

On this episode we cover: - How to quickly summarize the interim budget 2024 - Whether interest rates will go up - Vignesh's question on probability of equity markets outperforming inflation - Pattu's answer - no idea! - Indian stock market still in it's early days vs US which began in 1870 - Analysis of absolute returns and rolling returns on the S&P 500, so it's not rosy there either! - We a...

On this episode we cover : Divakar's story and reason for writing in Should one be extra safe after hearing a story like this? Pattu talks about 'clumped' returns We must be ready for losses How inflation could be different for different people (depending on their goals) Laser focus on just one thing: The Corpus Virtual Pattu and Sid vs a Real world example - what truth should Divakar believe Emot...

On this episode we cover: - Why debt mutual funds are considered safe, because they're definitely not 'fixed income' - If Debt Mutual Funds have a 'sideways market' - What Money Market Funds are - What Arbitrage Funds are - Thumbrules for Recurring Deposits - and when to convert it into an FD - The basics of RBI Retail Direct - How RBI bonds work - What is GDP, and how does it actually affect us -...

On this episode we cover: - What to do when you're broke - Mutual Funds have no compounding effect! - How retail investors can buy International Govt. Bonds - Corporate Bonds face value drop and how it affects retail investors like us - If there are ratings for Debt Mutual Funds - How do passively managed Debt Mutual Funds work? - How often do Governments and Corporates offer Bonds, and why? - How...

On this episode we cover: - How do Debt Mutual Funds really work? - The Basics of Bond trading - Average Maturity of a Debt Fund - Speculation in the Bond Market - Why a Debt Mutual Fund is a beautiful product- Ratings of Debt Funds, and how they work - The two things to look at for Debt MFs - Pattu's thumb rule for selected a fund for a particular duration - What the average rating of your Debt p...

On this episode we cover:  How debt keeps the world alive How it is a simple idea, but how it then gets complicated How debt has invisible risk, while equity is visible risk Why debt is bad for an individual, but not so bad for governments and companies Why Argentina is offering bonds at 26% and India at 7% The amazing National Savings Fund What's better - a 100% debt portfolio or a 100% equity po...

ON THIS EPISODE WE COVER: - A question on calculators and how to budget for increasing expenses - How to deal with crazy numbers that calculators throw up - Medical insurance for NRIs who will return to India - Is 10,000/- a good room rate sublimit? - How to consolidate Mutual Funds already invested in? - Sid's idea of a COMPLETE portfolio that has just TWO MFs ! - Direct equity investing to avoid...

ON THIS EPISODE WE COVER: - How to quantify investing in your fitness ! - Sid asks Pattu to quantify investing in relationships ! - Back tests on Gold ETFs - Pattu's views on India's 5-10 year future - User arguments over Fee only RIAs vs %age of profits - How does one remove conflict of interest from MF distributors? - Just like Martin Luther King, Pattu says "I have a dream!" See omnystudio.com/...

On this Episode we cover:- WHICH of the performing actively managed funds should one select? - Why Pattu is not moving his investments to index funds - How luck has played a part for Pattu - The touchy topic of Fund Managers - How an anonymous financial expert changed Pattu's mind about Factor funds - Phase Difference between the west and India - How from 800 products, Pattu has filtered it down t...

On this Episode we cover:- How SIPs and XEROX are similar - Before knowing which Mutual Fund to select, what we really need to know - The best products for short term goals - Why Liquid Funds are in the same category as FDs and RDs - Why FDs and RDs are NOT tax efficient. And how they are taxed. - The definition of an 'Equity' fund - The break down of Equity MFs - Why holding ~5% cash for MFs is i...

ON THIS EPISODE WE COVER: - Vikram laying out the process he follows - Understanding the Cash Flow of each client - Prioritising when there are too many goals - The Tools that Vikram uses to present and structure a plan - Does this process change for Freelancers? - Vikram tells us what he thinks the real value that a RIA brings to the table is - Pattu tells us what he feels the true value is - How...

ON THIS EPISODE WE COVER: - How this all began in 2014 - Vikram's background in Canada with Wealth Management and Financial Planning - If Financial Planning is only for Rich people - The real value that DIY investors get from Vikram - Why RIAs reject some clients - Pattu points out how Doctors and Lawyers are different from a Financial Planner, in the world of Professionals - What FPs do NOT do as...

ON THIS EPISODE WE COVER: - Are there ratings of RIAs? How does one select a good one? - Pattu's list of RIAs (16 people) - What is the process to become a SEBI registered RIA - Pattu shares a survey taken of people who use RIAs (link to be shared) - The 2 most important factors for selecting an RIA - Is financial planning for the masses ? - Pattu's advice to those interested in becoming RIAs - Wh...

ON THIS EPISODE WE COVER: - How Pattu got started himself all those years ago - Why some people need a Financial Advisor - A list of players who offer this kind of advice - Insurance agents and how they work - How online content is so important for these players - MF distributors, RIAs and RoboAdvisors - the difference - FInfluencers ! - SEBI registered Portfolio Managers - SEBI registered Researc...

ON THIS EPISODE WE COVER: - A brief history of Pattu's calculators - Please click on these links while you listen!- The first calculator (Cost of Delay): https://investor.sebi.gov.in/calculators/Cost_of_delay_Calculator.html - How monthly expenses in Retirement differ from today's monthly expenses - Yearly expenses in retirement - What rate of inflation to input - The mindset with which you should...

ON THIS EPISODE WE COVER: - Sid's psychological theory of real money vs unreal (notional) money! - Visual proof that rebalancing works via charts! (click this link to see it yourself while you listen: https://freefincal.com/wp-content/uploads/2021/05/Difference-between-rebalancing-and-not-rebalancing-on-a-Nifty-500-plus-gilt-index-portfolio-for-15-years-with-50-50-allocation.jpg ) - AMAR and his l...

ON THIS EPISODE WE COVER:- If my Equity has spiked, can I focus on investing in fixed income for a few months to Rebalance? - The Fear of tax during Rebalancing - Why is the threshold for Rebalancing at 5%? - How does one decide WHAT to sell in your Equity portfolio while Rebalancing?- What exactly is DeRisking. - The Three types of DeRisking Tapers - How to keep rebalancing in particular DeRiskin...

ON THIS EPISODE WE COVER: - Why there is little to no content on this topic on the internet - Why this topic is the missing piece to the puzzle - How often one should track their portfolio - What to focus on in your yearly review - SIPs and how they put pressure on your monthly expenses - SIPs and why you could not be investing enough! - How you should MANUALLY push in money and what time of the m...

On this episode we cover: - Plenty of medical insurance questions: a. carry forward/no claim bonues/ group vs indiv policies etc. b. If you have a corporate job, you must get this insurance! c. Pattu tells us which insurance he has, and how much it costs d. Family floater vs Family individual covers e. Waiting periods for new conditions in existing policies f. Group medical cover for various group...