There are two schools of thoughts, for asset management. First, is age-based asset management and second is the goal-based asset management. Let’s see what they mean and which works better for you in the modern world of investing.
Manjiri BManjiri B is a freelance journalist cum author with a passion for investing in equity and mutual funds. An alumnus of Mumbai university, she is presently continuing her studies in Financial Management.
Most financial experts recommend putting aside six months of expenses or four months of salary as emergency funds. Afterall, it’s important to be prepared for contingencies that can be life-altering. However, this rule may not hold true for everyone. Here are four scenarios where this rule doesn’t apply and what you should do.