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By:

Kaustubh Kale

10 September 2024 at 6:07:15 pm

Five Action Points for July

With the first half of 2026 now behind us, July becomes an important checkpoint in the financial calendar. The beginning of July is the right time to move from reflection to action. Here are five important financial action points to focus on. 1. Inflation-Beating Assets One of the most important principles of long-term investing is to ensure that your portfolio is designed to beat inflation. Inflation silently reduces the real value of your money over time. This is why your long-term...

Five Action Points for July

With the first half of 2026 now behind us, July becomes an important checkpoint in the financial calendar. The beginning of July is the right time to move from reflection to action. Here are five important financial action points to focus on. 1. Inflation-Beating Assets One of the most important principles of long-term investing is to ensure that your portfolio is designed to beat inflation. Inflation silently reduces the real value of your money over time. This is why your long-term investments must be in assets that have the potential to deliver inflation-adjusted returns. For long-term financial goals, investors should consider assets such as equity mutual funds, direct stocks and gold. For short-term financial goals, especially those required within the next three years, options such as bank fixed deposits, recurring deposits or suitable debt mutual funds can be considered. If a large portion of your money is lying in low-return instruments, July is a good time to review and reshuffle your portfolio. 2. Increase Your SIPs Systematic Investment Plans (SIPs) remain one of the most disciplined ways to build wealth. SIPs help you invest regularly, avoid timing the market and benefit from long-term compounding. However, simply having SIPs is not enough. Your SIP amount must also be sufficient. Ideally, investors should aim to invest at least 30 percent of their in-hand monthly income. A common mistake is not increasing SIPs even when income goes up. Whenever your income goes up, your SIPs should also increase. An annual SIP increase can make a significant difference to your long-term wealth creation. 3. Make Lumpsum Investments While SIPs provide discipline, they should not be your only investment strategy. Besides SIPs, it is important to do extra lumpsum investments voluntarily, every few months. Also, if you have received a bonus, incentive or any unexpected inflow, consider investing it as a lumpsum. The idea is simple: do not let surplus money remain idle for too long. Staying invested gives your money the opportunity to grow. 4. Secure Insurance Cover Health insurance and term life insurance are essential pillars of financial planning. A single hospitalization can disturb your finances if you are not adequately covered. Do not depend only on your employer’s health insurance. Buy a sufficient personal health insurance policy with the right features. Similarly, term life insurance protects your family’s financial security in case of an unfortunate event. Your cover should be based on your income, loans, dependents and future responsibilities. 5. Consult a Financial Advisor If you have not yet made a proper financial plan, July is a good time to do so. Even if you already have a plan, it should ideally be reviewed every year. Consult a well-educated, full-time financial advisor for your financial goal planning and execution. It takes years of education, experience, expertise and wisdom to write a prescription. Please do not self-medicate when it comes to your wealth. The first half of 2026 is over, but the second half still gives you the opportunity to realign your finances. Take action, stay disciplined and move steadily towards your financial goals. (The author is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

Bad Roads, Ugly Politics


The pathetic state of roads in Mumbai city as well as its suburbs has made daily commute a dangerous affair. The residents are miffed with the BMC over its lackadaisical attitude. Mumbaikars tweet photos, post videos to grab attention, but everything is in vain. Who cares for the common people. Backbreaking journeys have become part and parcel of life. Political leaders are busy mud-slinging.


This year the monsoon took a break after almost four and half months. During this time some of the roads virtually became non commutable. It may be recalled that the Chief Minister Eknath Shinde first announced to make Mumbai roads pothole free.


Its almost two years now the BMC has concretised only 9 percent of roads it planned to concretise. This decision was taken when it came to light that due to the properties of bitumen in asphalt roads, potholes are a regular occurrence due to contact with water during monsoons.


Hence, to solve the problem of potholes, the corporation has adopted a policy of cement concreting of 6-meter-wide roads in phases. The decision was taken but the dilly-dallying affair made things more difficult.


Mumbai’s traffic does put a lot of strain on roads which is not the case in the other developed countries. Second most important aspect is concretisation of roads is done partly and in phases.


The worst problem which is faced is repeated digging for cables and drainage, which weakens the roads. Above all corruption in BMC makes matters worse as a result everything comes to grinding halt.


According to experts, repairing potholes is a reaction with symptomatic treatment. By and large we are dispensing superficial treatment without addressing the root cause. The long-term solution will be to have roads with no potholes but what we need is the means and technology to achieve this. But for this political will is necessary which we lack on every step.


Mumbaikar’s are convience that corruption in the municipal corporation is the main reason. Contractors have had a monopoly over the last 20 years and this is the reason why reputed companies never come ahead for these projects.


As a result, in the name of attendance and repair, the BMC does shoddy work. Crores are spent but the end result is nothing. The BMC is not paying attention to the crust. If the crust is weak, potholes will see an increase. Without any thought or technical know-how, potholes are filled with cold mix.


This is the reason why the city and suburbs continue to have craters on the roads.


Craters, a serious threat to the safety and security of people. Mumbaikars fade up from their repeated visits to orthopedic surgeons.


They are in a mood to teach a proper lesson to those who were at the helm of the affairs.

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