6 Retirement Planning Mistakes To Avoid
Disciplined financial planning serves as the prerequisite of leading a financially secured retirement life. However, this hardly gets followed in most of the cases. Although retirement planning sounds a bit scary and confusing to most people, this anxiety can be entirely removed by avoiding the most common retirement planning mistakes committed by people. Today we are going to take a look at...
9 Steps To Ensure Better Returns & Improve Financial Status
Managing finances in a proper manner is a must and you need to make a proper plan and budget to ensure that your investments give good returns after a while. With diversification, investors can enjoy good returns along with reducing the risk of losses. So, what are those crucial things that you need to keep in mind to get better returns and have financial stability? 9 Steps To Boost...
How To Improve Your Savings
Savings and investment can be boosted up easily 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 100 INR saved today can go a long way in adding to your corpus if...
Importance of Diversification
Usually, we invest in instruments that offer high returns. But as there is a well-known phrase that “Do not put all your eggs in one basket”, one should be cautious in making an investment decision. When you invest by just looking at high returns, you expose yourself to high risk as well as high return comes attached with high risk. This is where diversification of a portfolio helps....
7 Reason Why You Should Buy Insurance
INSURANCE! What comes to your mind when you think about insurance? Is it returns and investment? Well all these things are a part of the policy, but what is the actual meaning of ‘insurance’? Insurance covers ‘risk’. We can’t predict the future, so the possibility of an uncertainty happening with our life remains. Insurance was introduced to cover the risk...
Are You Getting Good Investment Advice?
Seeking out the assistance of financial advisors for investment advice seems like the easy way out while dealing with financial troubles. However, the real problem starts while gauging whether your advisor is actually taking care of your corpus. You might face several questions while dealing with the same. Are your friends and relatives doing better than you? Has your portfolio showcased much...
5 Essentials of a Financial Status Check List
When it comes to assessing our financial strength and weakness, many of us just remain clueless. It is partially because we are not aware of the importance of such an evaluation. Another reason for such ignorance is probably that we do not know where to begin with. Before everything else, we should know the consequences of not doing an analysis of our financial strength and weaknesses....
Financial Planning – A Need not a Choice
Financial planning paves the way to achieve financial independence and plan a smooth retired life while one is still earning. Early planning provides a long horizon to multiply the investment. People of different age groups have different priorities, hence, each of them needs to plan accordingly to achieve their financial goal. Financial planning can have varied horizons and purposes for...
Everything You Need To Know About Wealth Management
What is wealth management? Wealth management has a wider scope and has long term wealth creation as its primary motive. As such, wealth management can be described as a wealth creation process where a team of professionals analyze the financial needs of the client and suggest the appropriate financial products. Such a process would include wealth protection (risk management), accumulation...