How can you align your existing investments to goals? Start with this 7 step plan. Having a disparate set of investments without direction, is like a car where the wheels are pointed in different directions and each one moves at a different speed. Here’s what you can do, if you find yourself in such a situation.
A one-minute guide to a rich retirement Firstly, let’s start with the definition of “Retiring Rich.” This doesn’t mean just building a corpus to last through a lifetime and more. It means building a corpus big enough that would last a lifetime and give one a better lifestyle than before.
What are the total costs of studying abroad? What are the total costs of studying abroad?While the prospect of gaining life experience along with quality education abroad are good reasons to plan for your child, be warned that tuition is not going to be the only spend you have to plan for.
The tax advantage is not enough to jump into ULIPs There are other factors which make ULIPs inflexible and demanding. Here is what you need to watch out for.
A guide to creating self insurance via mutual funds While a lot of the workforce is covered by Medical insurance for a nuclear family including a husband, wife and up to two children, the coverage may not be sufficient for the complete household.
Can you afford a four-day work week? Is it possible to negotiate a reduced work schedule with your employers? And what will be the financial consequences?
How to become financially secure Financial security is about being able to save and invest enough so you do not constantly rely on your salary to maintain your lifestyle. Usually, the idea is to reach this level of financial security by the time you have to retire.
Have an emergency? Don’t break into your long-term portfolio. If you are already doing a good job while being a regular investor and building a portfolio that serves you in the long run, you’re on the right track. But what happens if you have an emergency that can potentially become a monetary set back, do you withdraw from your neat long-term investment portfolio?
Should senior citizens invest in FDs or debt funds? Recently, an investor asked us this question: My mother invests in FDs but is wondering if she should switch to debt funds instead? What do you think would be the best choice?
Planning for Home Loan down-payment? Let this MF strategy help you Applying for a home loan isn’t difficult, thanks to online applications. But did you know that as per RBI rules, you need to cough up 20% of the total loan amount as a down payment?
Recession or not, here's what you should always do While, you and I will not be able to predict a recession, here are some things that you can focus on in case you find yourself staring at such a situation.
Should you go for an endowment life cover or for a term plan? While there is nothing wrong with a sales pitch, especially for a critical need such as insurance, it is often what you are pitched that is the issue. The pitch is most of the time for an endowment plan with a life cover.
