Contingency Planning for Business amid current Pandemic
Given the widespread outbreak of the coronavirus (COVID-19) around the world, radical actions are being taken by the governments and authorities. Country lockdown owing to this pandemic has caused widespread impacts on employment, supply chains, capital markets and more. It is now a necessity for the businesses to take actions. This is required to mitigate risks, tackle immediate priorities...
Impact of COVID-19 on your Retirement Planning
Coronavirus outbreak has impacted the entire world in more than one way. Every human being has felt the effects of covid-19, be it socially, financially or on health. COVID-19 cases crossed 19 lakhs globally and around 1.25 lakhs turned fatal. In India, the number of cases is in control but still has in 3 weeks crossed 11,000 mark from just 550. The growth in covid-19 cases is increasing...
Importance of having a WILL during this Pandemic
Protecting your assets and your loved ones has always been the first priority when one starts to plan their finances. The first step should be the protection of wealth and then the accumulation of the same. It is vital to realise how important it is to have a WILL. In India, majority of people think that they are immune to any unfortunate event. Ask those who have suffered. We have...
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...
How much you are worth today?
How do we define financial success? A high salary or huge bank balance. A high salary or huge bank balance won’t make you rich. Finally, Amount left with you after paying off your debt is an important deciding factor for financial success. To know this you need to calculate your Networth.Networth helps us to know how much we have in case if we sell all our assets and pay off all the...
Are you a Yes Bank Customer? If Yes, No need to panic.
Suddenly after last evening, everyone is getting nervous about the whole situation as RBI placed Yes bank under Moratorium. First of all, calm down. Let’s first understand what actually happened. Although it seems to be a sudden move taken by the RBI , it has not come overnight. Post IL&Fs crisis Reserve Bank was in constant touch with the banks to find out undisclosed...
Are Investors Really Bleeding In This Weak Market? – The Best Time To Accumulate
The volatility and the current market performance allude the investors to adopt newer strategies to tide through the current faltering market conditions.Is it time to move out of Equity Market?Or is it time to reconsider your asset allocation? The selling pressure is visible with the fall in MidCap stocks at a volume of 10k-20k shares; we can call it selling or capitulation. Where even 20k...
Best Way To Save Or Invest An Extra Income
Savings and investment can be boosted up easily by either by increasing your income or cutting down on expenses. Whether you are on the brim of retirement or a fresher who has just started with his work tenure with a big MNC, savings remains to be the ultimate goal during all stages of our life. Contrary to popular belief, even 50 INR saved today can go a long way in adding to your corpus if...
6 Common Estate Planning Disasters And How To Avoid Them
Estate planning involves preparing for accumulation, maintenance and distribution of an estate in an efficient manner which shall be in sync with your end goals. Contrary to popular belief, people belonging to all the rungs of society have the right to plan their estate for maximizing its value and passing it over to their heirs in a hassle-free manner. Today we are going to take a look...