Tips and Suggestions for the Financial Portfolio
Just as starting to invest is like taking your first step towards a financially better future, having the right financial portfolio is like ensuring that every step you take is the right step. The general thumb rule followed by all the investors across the world is Diversification. Though no one size fits all, depending on the objective and time horizon you should plan your financial...
The Four Pillars of Personal Finance
“The Journey of a thousand miles must begin with a single step” – Lao Tzu. The single step of analyzing your four pillars will help to provide you with a framework to manage money. Managing money has become the need of the hour. Today youngsters find this as the most difficult task unlike earlier. Irrespective of our income, age, wealth, investment, credit card bill, and other...
Writing your phone number behind a cheque? Beware!
Nowadays banking frauds are quite on the rise. Being ultra-vigilant while mentioning personal details in document or cheque goes a long way in preventing us from being trapped in any unwanted scam. Let us discuss with the help of a recent example how sharing a small detail can get you trapped. Harm of writing your phone number behind a cheque? In a recent case, a man who was quite...
Weekly Market Research by Fintoo – 5th Sept 2021
New highs yet again, relentless rally continues Markets scaled new highs in line with global market cues after the US Federal Reserve Chairman Jerome Powell struck a more dovish tone than some investors expected in a long-awaited speech last Friday. Sentiments were boosted after the RBI said that India’s holding of IMF’s Special Drawing Rights (SDR) has gone up to SDR 12.57 bn...
Everything You Need To Know About Asset Monetization
Since 23rd August 2021, when the Union Finance Minister, Nirmala Sitharaman launched the National Monetization Pipeline, ‘asset monetization’ has taken over the news, internet and streets by storm. Almost everyone is heard talking about the government’s four-year infrastructure asset monetization plan which will help it raise Rs. 6 Lakh Crore by 2025. While some people are appreciating...
What Is a Cibil Score and How to Improve it?
In this blog, we will discuss, what is a CIBIL score, how can you improve it and what can be considered as a good CIBIL score for availing of a loan? Are you interested in getting to know more about the same? Then, please read the further information – If you want to avail of a personal loan, a home loan, a car loan, or any other different type of loan, it is of utmost importance...
What is CIBIL score? – FFC episode 36
A CIBIL Score is a consumer’s credit score. Simply put, this is a three-digit numeric summary of a consumer’s credit history and a reflection of the person’s credit profile. This is based on past credit behaviour, such as borrowing and repayment habits as shared by banks and lenders with CIBIL on a regular basis.A person’s past behaviour is taken as an indicator...
Pre Market Analysis – 10th Aug 2021
Market struggled to sustain higher levels on Monday despite gap up opening and selling pressure was witnessed in most of midcap and small cap stocks while Nifty managed to end with marginal gains above 16250. The advance decline ratio deteriorated further to 1:2.5 while trading range of 16170-16350 remained intact. As market is witnessing weakness at higher levels, we can expect trend...
What Is Reverse Mortgage? How You Can Benefit From It
When you have a regular mortgage, you pay the lender every month to buy your home over time. In a reverse mortgage, you get a loan in which the lender pays you. In Reverse mortgage, Bank takes part of the equity in your home and convert it into payments for you – a kind of advance payment on your home equity. The money you get usually is tax-free. Must Read: How to check if your...