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Sid Roy In our everyday conversations about money, we often assume that most people know what stocks and bonds are. At times it becomes apparent that some people don’t. A recent example is a casual chat with a friend of mine who wished she had a pension just like her dad. She did not understand why the stock market returns were so unpredictable and why could she not get a decent interest on her money without the uncertainty. This conversation certainly made me pause and realize something. There are possibly more people like her who do not feel grounded in…

Sid Roy “Sid, what is your number?” This was the odd question that came up during a career conversation with one of our senior leaders at work. I was taken aback by that question especially because it had come up at the office, not with a financial advisor. As I mulled over it, the amazing clarity of that blunt question really hit home.  I really had not thought that deeply about a concrete number – a dollar amount as a retirement goal. And yet, everything is connected to that number. How much do I need to live comfortably throughout my…

Sid Roy The word Asset Allocation comes up sooner or later once you get serious about saving for your retirement. Sadly, this is where most people hit a significant roadblock. I know I did. It took me a while to get over that hurdle. Let me address the five misconceptions I had around this topic. I hope my learning helps you to avoid the mistakes I made. 1. Asset allocation doesn’t need to be complicated. I wasted months in reading all kinds of books and browsing financial blogs to learn about all the different theories and model portfolios. In the…

Sid Roy I had intended to write this article a while back during the tax season and then some personal events derailed that plan. Now, it is the end of the financial year for many companies in US. And I again got inspired to write about this topic. As the earnings from the companies roll in, I got reminded of an important lesson to be drawn here. Every well-run company sets some goals and measures its progress throughout the year with quarterly statements of its financial health and future prospects. Based on Wikipedia, the main and relevant parts of the…

Sid Roy. If you have somehow found this site, or heard about Dollar Mentor from one of your friends, you might want to take a few minutes to read about what we are hoping to accomplish. Assuming you have done that, and you are still here, we wondered what might be the one thing we want to talk about if we were sitting face to face. Why think about your personal finances? This comes up more often than one would think. If you have been asking this question, you are not alone. This is often the most important hurdle for…

Sid Roy There is a plethora of financial sites on the internet. So, what is the need for Dollar Mentor? How is it different and why did we call it Dollar Mentor? These are some of the questions that you might have if this is the first time on this site. The idea for this organization was born from both personal experiences as well as discussions with many of our friends and acquaintances. Many of them are in the same boat – when it comes to financial education and feeling confident about managing one’s finance, they do not know where…