Checklist for your Investment portfolio in 2021
This step-by-step guide empowers you to take action by building a complete financial portfolio. This means that not only do you own diversified investments across different asset classes, but you also have fully-funded retirement accounts, own your home, are debt-free, have a six-month emergency cash reserve, and you invest in yourself. Ensuring that each of these areas is optimized will set...
Consider 5 Factors while Lump-Sum Mutual Fund Investment
Though mutual funds are highly subject to market risks, despite it is one of the most lucrative investment avenues seen in the current market scenario. It can be seen that AMFI is highly promoting mutual fund investment through television commercials. When we talk about investment in mutual funds, the first & foremost thought that pops into our minds is SIP (Systematic Investment Plan)....
Know the Tax Treatment for Mutual Funds
Mutual Funds are one of the best investment avenues when it comes to creating wealth in the long term. In order to grow your wealth, your portfolio needs to beat inflation and mutual fund is an investment avenue which ensures that you beat inflation in the long term. It seems quite convenient for those who do not want to jump into the market directly. Since mutual funds are professionally...
6 Tips For Financial Planning At Age of 30
Turning 30 years just presses the panic button, as you know that 20’s are over. You are still earning and are married and some of you are blessed with kids also. This just underlines the need for financial planning which will carve your future finances. Here is how you will deal with financial planning which will place you in the most convenient position. Early Financial planning You...
8 Real Facts Why People Love To Invest In SIP
Over the years, we have been hearing about the stories of people turning out to be the billionaires overnight, but is it really so? Who doesn’t want to be? Even I want to be one. Well! But the fact is that tycoons like Warren Buffett, have actually built their own empires with investments on buying right and sitting tight. Having said that; let me ask you, what are your financial...
8 Common Investment Mistakes You Must Avoid
Strategies of wealth management are some basic fundamentals that everyone should be aware of. The power of intelligent investment in the creation and multiplication of wealth is indisputable. However, many of us are not aware of some basic flaws that every investor might fall prey to. We often treat terms associated with investment strategies as financial jargons meant only for the erudite....
Sovereign Gold Bonds – Should you invest?
Sovereign gold bonds are government securities with prices linked to the value of the underlying asset i.e. gold. They are issued by the Reserve Bank of India on behalf of the government. In the current financial year 2020-21, RBI had introduced six tranches of the government’s sovereign Gold bond. The first issue happened in the month of April. Now the time has come for second tranche....
Saving Or Investing? Are These Two Different?
I still remember my childhood days, when my mother would give me pocket money only if I did the house chores. She would tell me that half of it, I could spend, while the other half, was put into my piggy bank or should I say ‘KHAZANA’. Well, of course, now we have banks for that. Yes, those were the good old days. I think everyone knows how important it is to save and invest, given the...
10 Personal Finance Tips for New Professionals
Earning income is not enough, investing and rerouting such money is most important. New professionals are mostly in the range of 20s. This is just the beginning of personal finance and if better financial planning is carried out at this phase, it would yield amazing results. This article will show how the young professionals who have just started their careers, should handle their personal...