AI Developments: Exploring the Latest Tools and Features

Revolutionizing Your Workflow with AI: Gmail, Bing Sidebar, and Microsoft Designer

Introduction In my previous blog post, I discussed the basics of AI and ChatGPT, including their uses and applications. In this post, I will delve deeper into the latest developments in AI tools and features. From Google Workspace to Office 365, let’s explore what’s new in the world of AI.

AI in Google Workspace Google has been integrating AI into its Workspace suite of tools, including Google Sheets and Gmail. With AI, you can now use natural language processing to ask questions and get answers from your data in Google Sheets. Gmail also uses AI to suggest responses to emails, making it easier to quickly reply to messages.

AI in Office 365 Microsoft has also been incorporating AI into its Office 365 suite. With an Office 365 subscription, you can access AI-powered features such as Ideas in Excel, which suggests charts and insights based on your data. You can also use the AI-powered Editor in Word to improve your writing.

ChatGPT on Mobile Devices ChatGPT, the powerful conversational AI tool, is now available on both Android and iOS devices. This means you can use ChatGPT on the go, whether you’re using an Android phone or an iPhone.

Bing Bard ChatGPT Bing Bard ChatGPT is now available in all major web browsers, including Chrome and Safari. This means you can use Bing Bard ChatGPT without having to download a separate app.

Hands-On Learning If you want to learn more about ChatGPT and its applications, I have several resources available for you. You can access my Google Sheet with financial ChatGPT examples, watch video recordings of my ChatGPT sessions on my Facebook page, or download my PDF document with general examples and exercises.

Microsoft Designer Microsoft Designer is a new AI-powered tool that is currently in preview. Readers can try it out to see how it can help them create professional-looking presentations and documents. The above image was created using Bing AI Text to image generator and improved using Microsoft Designer

Online or Offline Sessions If you’re interested in learning more about ChatGPT and AI tools, I am available to conduct online or offline sessions for groups. You can reach out to me for more information.

Google Workspace in Free Mode Google Workspace is currently available in free mode through Google Labs. To register, simply sign up for Google Labs and you will receive an email once you are approved. You can then use the experimental beta version of the AI tools in Google Docs, Gmail, and Sheets. Click here to read more in this regard

Bing Sidebar in Edge Browser The Bing sidebar in the new Edge browser is a useful tool for accessing AI features. From the sidebar, you can easily use AI tools such as image search and text-to-image generation.

Image-Based AI Tools Image-based AI tools are becoming increasingly powerful and useful. With tools such as Bing and DALL-E, you can search for images or generate text-to-image content, which can be very helpful for creating presentations.

Conclusion and Call to Action In conclusion, there have been many exciting developments in the world of AI tools and features. From Google Workspace to Office 365, there are now more ways than ever to harness the power of AI. If you want to learn more about ChatGPT or mutual funds, feel free to reach out to me for more information. I am available to conduct online or offline sessions for groups. [Contact Us]

More to read:

• [Part One: An Introduction to AI and ChatGPT]
• [Google Sheet with Real-Life Financial ChatGPT Examples]
• [Facebook Page with Video Recordings of ChatGPT Sessions]
• [PDF Document with General Examples and Exercises]
• [Intro to AI Chat tools Gmail]

 #AI

#Technology

#Productivity

ஃபண்டு வருமானம் மாயையிலிருந்து யதார்த்தத்திற்கு

மியூச்சுவல்  பண்டில் என்ன வருமானம் எதிர்பார்க்கலாம் ?

பொருளாதார முதலீடுகளின் உண்மை நிலை

நான் தினந்தோறும் படிக்கிறோம், பார்க்கிறோம், கேட்கிறோம். 5 கோடி வேண்டுமா? ரூபாய் 10,000 முதலீடு செய்யுங்கள், உடனே கிடைத்துவிடும் என்ற வாகில் இருக்கும். இதன் உண்மை நிலை என்ன? எத்தனை வருடம் சேமிக்க வேண்டும்? எவ்வளவு  லாபம் கிடைக்க வேண்டும்? என்ற விவரங்கள் பெரும்பாலும் சொல்லப்படுவதில்லை. அல்லது கண்ணுக்கு தெரியாத, பூதக் கண்ணாடியில் பார்க்க வேண்டிய எழுத்துக்களாக சிலவற்றில் இருக்கலாம்.

மேற்கண்ட உதாரணத்தையே எடுத்துக்கொள்வோம், மாதா மாதம் ரூபாய்  10,000 வீதம் 20 வருடங்களுக்கு ஈகுவீட்டி  பண்டில் 23% லாபத்தில்  சேமித்து வந்தால் நமக்கு ஐந்து கோடி கிடைக்கும். இதை நம்பி உடனே அந்த திட்டத்தில் சேர்ந்து விடலாமா? சற்று யோசிக்க வேண்டும். எவ்வாறு இந்த லாபவீதங்களை அணுக வேண்டும். எவ்வாறு ஃபண்டுகளை தேர்வு செய்ய வேண்டும் என்று. இந்த விபரங்களை கீழ கண்ட  அட்டவணையில் இருந்து புரிந்து கொள்ள முயற்சிப்போம். 

ஈக்விட்டி ஃபண்டுகளில் லாபவிகிதம்

ஈக்விட்டி ஃபண்டுகளில் வருடாந்திர லாப சதவிகிதம் 1 - 20 வருடங்களுக்கு அட்டவணையில் தரப்பட்டுள்ளது

மேலே உள்ள அட்டவணைப்படி 20 வருட முடிவில்.ஃபண்டுகள் சுமார் 20 சதவிகித லாபத்தை தந்துள்ளது. இந்த வகையில் பார்க்கும் போது மாதா மாதம் ₹10,000, 20 வருடங்களுக்கு 20 சதவிகித லாபத்தில் நமக்கு கிடைத்தால், முடிவில் நமக்கு கிடைக்கும் தொகை சுமார் 3 கோடி மட்டுமே இருக்கும், அது 5 கோடி அல்ல. 

மேலும் இந்த அட்டவணையில் இருக்கும் ஃபண்டுகள் எல்லாம் மிகப்பெரிய நிறுவனங்களின் ஈக்விட்டியில் முதலீடு செய்யப்பட்ட  ஃபண்டுகள். இதில் ஸ்மால், கேப் மற்றும் மிட்கேப் ஃபண்டுகள் எடுத்துக்கொள்ளப்படவில்லை. காரணம், அதில் லாப விகிதங்கள் ஏற்றத்தாழ்வுகள் மிக அதிகமாக இருக்கலாம், எனவே அது தவிர்க்கப்பட்டுள்ளது.

தற்பொழுது சந்தை உச்சத்தில் இருப்பதாலும், ஐந்து வருடங்களுக்கு கீழ் உள்ள லாபவிகிதம் அதிகமாக இருப்பதாலும், அது ஒரு நிரந்தரமான லாபம் ஆக இருக்க வாய்ப்பு இல்லை என்பதாலும் ஒன்று மற்றும் மூன்று வருட லாப விகிதங்களையும்  தவிர்க்கின்றோம் 

முடிவாக 5, 10, 15  வருடங்களில் இங்கு காட்டப்பட்டுள்ள ஐந்து வகையான பண்டுகளின் லாப விகிதத்தின் சராசரி விகிதம் சுமார் 13% ஆகும். இது வெவ்வேறு வகையான ஆய்வுகளின்படி, ஈகுட்டி ஃபண்ட் களின் லாபவிகிதம் 12 - 14% இருக்கலாம் என்பதற்கு மிகவும் ஏற்புடையதாக உள்ளது. 

ஈக்விட்டி ஃபண்டுகளில் எஸ் ஐ. பி. முதலீடுலாபவிகிதம்

மேலும், 2004 நாளில் இருந்து 2023 வரை ஈகுட்டி ஃபண்டுகளில் எஸ் ஐ. பி.மூலம் முதலீடு செய்வதற்கு.கிடைக்கும் லாபவிகிதம்.12.55 % என்ற அளவில் உள்ளது. இந்த விவரம் கீழே கொடுக்கப்பட்டுள்ள படத்தில் தெளிவாக தெரிகின்றது. 

மேற்கண்ட வகையில் ஈக்விட்டி பண்டுகளின் எதிர்பார்க்கப்படுகின்ற 14 சதவிகித வட்டி விகிதத்தை கொண்டு, 20 வருடங்களுக்கு மாதா மாதம் ₹10,000 முதலீடு செய்து வந்தால் நமக்கு கிடைக்கும் தொகை1.3 கோடியாக இருக்கும். இதுவே யதார்த்தமான பண்டு வரவாக  கருதப்படுகின்றது.

கால வரையில் முதலீட்டின் எதிர்பார்க்கும் மதிப்பு

ஒரு முதலீட்டாளர் மாதா மாதம் ₹10,000. சுமார் 14 சதவீத லாபத்தில் பல வருடங்கள் முடிவுசெய்தால் 5, 10, 15, 20 வருட முடிவில் அவருக்கு எதார்த்தமாக எவ்வளவு பணம் கிடைக்கும் என்ற விவரம் கீழே உள்ள அட்டவணையில் தரப்பட்டுள்ளது.

இந்த வகையான முடிவு தொகையை.பார்க்கும்போது நாம் மனதில் கொள்ள வேண்டியது, லாப விகிதம் சந்தையின் மாற்றங்களுக்கு உட்பட்டது என்றும் சந்தை உச்சத்தில் இருக்கும்போது நமக்கு கிடைக்கும் தொகை மிக அதிகமாக இருக்கலாம், சந்தை கரடியின் பிடியில் இருந்தால் நமக்கு கிடைக்கும் தொகை குறைவானதாக இருக்கலாம். பல வருட ஆராய்ச்சிகளின் முடிவில் பலவகையான.கணிப்பில்.ஈக்விட்டி ஃபண்டுகள் லாபம் 14% இருக்கும் என்பது ஏற்றுக்கொள்ளப்பட்டதா இருப்பதால் நமக்கு கிடைக்கும் தொகையை இந்த அட்டவணைப்படி கிடைக்கலாம் என்று நம்பப்படுகின்றது.

முதலீட்டில் யதார்த்தமான எதிர்பார்ப்புகளுடன்  முன்னேறுவோம்

ஆக நாம் முதலில் பார்த்தபடி மாதா மாதம் ₹10,000, 20 வருடங்களுக்கு முதலீடு செய்தால் 5 கோடி  கிடைப்பதற்கான சாத்தியக்கூறுகள் மற்றும் வாய்ப்புகள் மிகக் குறைவாகவே உள்ளது. நமக்கு சுமார் 1.5 கோடி அருகில் பணம் கிடைப்பதற்காண  எதார்த்தமான சூழலை புரிந்து அதற்கேற்றவாறு முதலீடு செய்ய வேண்டும். விளம்பர வாக்கியங்களை நன்கு புரிந்து யதார்த்தத்தை கணக்கில் கொண்டு முதலீடு செய்ய வேண்டும்.

தொடர்பு கொள்ள கிளிக் செய்யவும் 

மேலும் படிக்க 

எஸ்.ஐ.பி யில் லாபத்தை அதிகரிக்கும் 6 வழிமுறைகள்

சிறுக சிறுக சேமிக்கலாம்

A Strategic Approach to Retirement Savings: A Guide for Investors

Monthly Income SWP through Judicious SIP

Introduction:

Planning for retirement is a crucial financial goal that requires careful consideration and long-term commitment. In this blog post, we will explore a systematic approach to retirement savings, tailored for individuals seeking to secure their financial future. Specifically, we will delve into the concept of investing in mutual fund retirement plans and offer recommendations for a 42-year-old individual aiming to retire at 60.

Setting the Stage:

Kumaran, a 42-year-old investor, is eager to initiate a retirement plan starting from July 2023. Their plan involves an initial investment of Rs. 1000, with an annual increase of Rs. 1000 in their retirement savings. With this in mind, let's explore suitable investment options that align with Kumaran's objectives.

Investment Considerations:

When selecting a retirement plan, it is essential to assess potential returns, risk factors, and investment strategies. Mutual fund pension schemes are a popular choice for retirement savings, typically offering returns ranging from 9 to 10 percent. These schemes often adopt a hybrid approach, balancing the allocation of funds between equity and other debt investment avenues.

Equity SIP for Retirement:

One viable option for Kumaran is to consider a Systematic Investment Plan (SIP) in an Equity Scheme. By initially investing Rs. 1000 and increasing it by Rs. 1000 each year, Kumaran can potentially accumulate approximately Rs. 60 lakhs by the age of 60. Additionally, if they opt for a Systematic Withdrawal Plan (SWP) in the same scheme during retirement, they may receive around Rs. 70,000 per month. The Canara Robeco Bluechip Fund is a recommended option for this approach.

Retirement Scheme SIP:

Alternatively, Kumaran may also explore saving in a retirement-specific plan. By following this approach, they can anticipate accumulating around Rs. 40 lakhs by retirement. However, it is important to note that this amount may only yield approximately Rs. 35,000 per month, which may not be sufficient to cover all expenses. To potentially enhance returns, we recommend considering the HDFC Retirement Savings Equity Fund, which offers a higher equity ratio.

Easy Ready Reckoner Table:

To further assist you in your retirement planning, we have provided an easy-to-use table that displays different annual return rates based on varying initial SIP amounts per month. You can access the table through the provided Google Spreadsheet link, allowing you to customize and experiment with your own numbers.

Conclusion:

Saving for retirement is a critical financial endeavor that necessitates careful planning and informed investment decisions. In this blog post, we discussed two potential avenues for retirement savings: Equity SIP and Retirement Scheme SIP. While both options have their merits, it is crucial to assess individual circumstances, risk tolerance, and long-term financial goals. We hope this guide provides valuable insights and serves as a starting point for individuals seeking to embark on their retirement savings journey.

Call to Action:

Contact us to review your retirement plans and ensure you're on track to achieve your financial goals. For a working model and calculations, access the provided Google Spreadsheet link, which allows you to copy or download the spreadsheet and input your own numbers for a personalized experience.

Contact Us

Please reach out to me through the [Contact Us] form. 

Read more

Visit my index page, to read more about mutual funds, choose the topic and read

Read about SIP here

எஸ்.ஐ.பி யில் லாபத்தை அதிகரிக்கும் 6 வழிமுறைகள்

சிறுக சிறுக சேமிக்கலாம்

SIP vs Lump sum – Let us choose wisely

1. #RetirementPlanning

2. #MutualFundInvesting

3. #FinancialFuture

Investment Q&A: Your Guide to Financial Knowledge and Insights

Expert Answers to Your Investment Questions: Gain Financial Knowledge and Make Informed Decisions

Introduction: 

Welcome to our comprehensive compilation of investment-related questions and answers. In this blog post, we have gathered a wide range of questions received from participants like you, covering various aspects of investments, retirement planning, taxation, and more. Our aim is to provide you with valuable insights and clarity on these topics, enabling you to make informed financial decisions.

Contents:

Group 1: Retirement Planning and Financial Security

1. What is a better investment option for retirement funds in the Indian context?

2. How can I ensure financial security for individuals aged 55+?

3. How can I get assistance with my retirement investment planning?

Group 2: Investments and Portfolio Management

4. What is the role of gold as an investment, and what is the recommended investment time for gold?

5. What is a high-return fixed deposit?

6. What about investing in alternative investments like secondary bonds which offer 10 to 12%?

7. What is the best ratio for Debt funds vs Equity funds, especially for the next 2 years?

8. How can monthly income from investments be achieved?

9. What is the process for splitting investments in various areas such as mutual funds, traditional plans, gold, pensions, and health?

Group 3: Behavioral Finance and Investor Education

10. How can I handle my investor's emotions and educate them about biases in investments?

11. What are the tax implications when switching and redeeming SIPs in mutual funds?

12. What are some tips on taxation in mutual funds and SIPs?

13. Can you provide the index factor for LTCG or a location to download it?

14. What is indexation in investments with respect to capital gains?

15. What is grandfathering of gain in debt funds recently announced in the Indian budget?

Group 4: General Investment Queries

16. Portfolio management in simple terms?

17. How to safeguard against high hospital expenses with existing moderate coverage?

18. How can bank fixed deposits (FDs) be part of retirement financial management?

19. Is there a safe investment with maximum returns?

Now let's delve into each question and provide you with insightful answers.

Q1: What is a better investment option for retirement funds in the Indian context?

A1: A better investment option for retirement funds in the Indian context includes Senior Citizen Savings Scheme (SCSS), Pradhan Mantri Vaya Vandana Yojana (PMVVY), RBI Floating Rate Savings Bonds, National Pension Scheme (NPS), equity mutual funds, and fixed deposits (FDs).

Q2: How can I ensure financial security for individuals aged 55+?

A2: Financial security for individuals aged 55+ can be achieved through a comprehensive retirement plan that includes a mix of investment options tailored to their specific needs and goals. Options such as Senior Citizen Savings Scheme (SCSS), Pradhan Mantri Vaya Vandana Yojana (PMVVY), Post Office Monthly Income Scheme (POMIS), and balanced advantage funds can be considered.

Q3: How can I get assistance with my retirement investment planning?

A3: We offer personalized assistance with retirement investment planning. Schedule a one-on-one session over Google Meet, where we can discuss your specific requirements and provide guidance tailored to your needs. Please reach out to me through the [Contact Us] form. 

Q4: What is the role of gold as an investment, and what is the recommended investment time for gold?

A4: Gold plays a significant role as an investment due to its properties as a store of value and a potential hedge against inflation. The recommended investment time for gold depends on factors such as individual financial goals, risk tolerance, and market conditions. To understand gold as jewelry but it is not investment, read more here

Q5: What is a high-return fixed deposit?

A5: A high-return fixed deposit refers to a fixed deposit account that offers a relatively higher interest rate compared to regular fixed deposits.

Q6: What about investing in alternative investments like secondary bonds which offer 10 to 12%?

A6: Alternative investments, such as secondary bonds, can offer potentially higher returns. However, it's important to carefully assess the associated risks. These investments often involve less liquidity and greater market volatility. Before investing, it is recommended to thoroughly research and consider your risk tolerance, financial goals, and consult with a financial advisor to ensure it aligns with your overall investment strategy.

Q7: What is the best ratio for Debt funds vs Equity funds in my MF portfolio, especially for the next 2 years?

A7: The ideal ratio for Debt funds vs Equity funds in your MF portfolio depends on your individual financial goals, risk appetite, and investment horizon. A commonly suggested approach is to consider your age, financial responsibilities, and time horizon. Generally, younger investors with a longer investment horizon may have a higher allocation to equity funds, while those closer to retirement or with a shorter time horizon may have a higher allocation to debt funds. It's important to review and rebalance your portfolio periodically based on your changing circumstances and market conditions.

Q8: How can monthly income from investments be achieved?

A8: Monthly income from investments can be achieved through a systematic withdrawal plan (SWP), which allows investors to withdraw a fixed amount from their investment portfolio at regular intervals.

Q9: What is the process for splitting investments in various areas such as mutual funds, traditional plans, gold, pensions, and health?

A9: To split investments in various areas, determine financial goals, assess risk tolerance, allocate investments based on goals, diversify within each category, and regularly review and rebalance the portfolio.

Q10: How can I handle my investor's emotions and educate them about biases in investments?

A10: Handling investor emotions and educating them about biases in investments requires a proactive approach. As an advisor, it is essential to establish open communication channels and actively listen to investors' concerns. Educate them about common biases like confirmation bias and loss aversion and how they can impact investment decisions. Encourage rational thinking, diversification, and long-term perspectives. Provide regular updates, transparent information, and educational resources to empower investors in making well-informed decisions. Ultimately, fostering trust and offering guidance can help investors navigate emotions and biases effectively.

Q11: What are the tax implications when switching and redeeming SIPs in mutual funds?

A11: Switching funds and redeeming SIPs in mutual funds may attract capital gains tax. It is important to consider the tax implications and any applicable exit loads before making these decisions.

Q12: What are some tips on taxation in mutual funds and SIPs?

A12: For detailed information on Indian taxation in mutual funds, you can refer to this article. For SIP information read this article Increase Profit in SIP.  Also refer further reads given below. 

Q13: Can you provide the index factor for LTCG or a location to download it?

A13: The index factor for LTCG in India is known as the Cost Inflation Index (CII). The CII can be downloaded from the Income Tax Department's website or websites like ClearTax.

Q14: What is the indexation in investments with respect to capital gains?

A14: Indexation in investments refers to the adjustment of the cost of an asset for inflation over time when calculating capital gains. It helps reduce the tax burden on gains by providing a higher cost basis, resulting in lower taxable gains.

Q15: What is grandfathering of gain in debt funds recently announced in the Indian budget?

A15: The concept of grandfathering of gains in debt funds refers to the provision that allows individuals who bought debt funds before a specified date to retain the existing

tax treatment for capital gains when selling those funds in the future, even if the tax rules change. Whether indexation is applicable or not depends on the specific circumstances and provisions mentioned in the Indian budget.

Q16: What is portfolio management in simple terms?

A16: Portfolio management involves professionally managing an investment portfolio to achieve specific financial goals. It includes activities like selecting and managing a mix of investments, monitoring performance, and making adjustments as needed to align with the investor's objectives and risk tolerance.

Q17: How to safeguard against high hospital expenses with existing moderate coverage?

A17: To safeguard against high hospital expenses, it is important to review and understand your existing health insurance policy, explore options for additional coverage, create an emergency fund, negotiate with hospitals and healthcare providers, and seek assistance from patient advocacy groups.

Q18: How can bank fixed deposits (FDs) be part of retirement financial management?

A18: Bank FDs can be a part of retirement financial management as they provide a stable and predictable source of income. However, it is important to consider that the returns from bank FDs may not be sufficient to beat inflation. Diversifying investments and exploring other options such as mutual funds, stocks, or real estate is advisable. Alternatives to Bank FDs include debt mutual funds, which offer potentially higher returns. Read more about it.

Q19: Is there a safe investment with maximum returns?

A19: There is no investment that guarantees both safety and maximum returns. Investments carry varying levels of risk, and higher returns usually come with higher risk. Diversification and regular portfolio review are important to balance risk and potential returns.

Conclusion:

We have made an effort to answer all the questions asked by participants through the form and during the session. However, if you have any further queries or if any question and answer seem to be missing, please feel free to reach out to us. We are here to assist you in your retirement planning and other investment needs. You can schedule a one-on-one session over Google Meet for personalized guidance tailored to your specific requirements.

Remember, knowledge is the key to making informed financial decisions. Stay informed, stay proactive, and let us help you on your journey to financial success.

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Thank you for reading our comprehensive Q&A compilation! We hope you found valuable insights and answers to your investment-related questions. If you have further queries or need personalized guidance, our experts are here to assist you. Schedule a one-on-one session today and take your financial planning to the next level!

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