• Personal Finance

    What Your Risk Tolerance Says About Where To Invest

    When I made my first investment, I was dabbling into something I had zilch knowledge about. Mymediocre self was hopeful that without touching the capital, perhaps I could be reaping inmultiples after a year. Little did I know that was merely a wishful thought. A year later, I hadforgotten the password to my app, but I wish I never remembered. It ended in hot tears! I had lost almost 40% of my money! (I didn’t invest in crypto…lol) I invested in an equity mutualfund. In finance, there is a truism that the higher the risk, the higher the expected returns. Inretrospect, I found that although I wanted huge returns (who…

  • Personal Finance

    5 Money Tips for Ramadan

    It is that time of the year when Muslims embark on the religious endeavour of fasting – the Holy Month of Ramadan. Arguably, many households tend to spend more on food during Ramadan. This may appear counter-intuitive since we should eat less. However, the reason may not also be farfetched since we tend to give more sadaqah (charity), pay zakat, sponsor iftar, spend on Eid celebration and several others. Along the line, many drift off-budget and struggle with an unprecedented financial constraint afterwards. To keep your finances in check during the Holy Month, consider doing the following;  Prepare a budget – it is not too late to draw a budget…