Why Is Financial Advisory Important?
Imagine that you have a toothache and are unsure about the kind of medicine or treatment you need to cure it. Who will you consult? A dentist, right? Why? Because a dentist is a certified expert and knows how to treat a toothache. Similarly, in case you fall into legal trouble, you consult a lawyer, as a lawyer may be best qualified to address your legal concerns. But when it is about...
P2P Lending Decoded
How do banks make money? Simple, when you deposit your money with a bank, they further lend it to borrowers at a higher interest rate compared to the rate you get as the interest on your deposits. And that margin between the interest earned by lending and the interest paid on deposits is the profit for banks. For example, you deposit a certain amount of money with a bank at a 5% rate...
Best Financial Gifts For Diwali-FFC ep 46
Here are some Best Financial Gifts You Must Give Your Loved Ones This Diwali For Their Bright Future With Diwali comes the festive magic, revitalising our spirits with love, warmth and prosperity. The festival of lights is a fabulous time to get along with your loved ones. Make the festive season memorable with our unique Diwali gift ideas.Instead of spending your entire bonus to buy...
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...
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...
Think Rich to Retire Rich
Who doesn’t dream of being rich and living a lavish life? All of us aspire to have a beautiful house, the latest car, travel the world and have a good bank account that lets us live life to the max. There are some who are born into a rich family, while others become rich by their own efforts. Naturally, becoming a millionaire is no ordinary deal. It requires you to save money and invest...