This basic idea is to protect the downside when markets are falling.
Don't dig into personal reserves, avoid personal and short-term loans.
Mediclaim, a health insurance brand offered by general insurance companies, is a reimbursement plan whereas critical illness insurance is a benefit plan that both life and non-life insurance companies offer.
It is that time of the financial year, when tax payers start getting active about investing in Section 80C instruments.
Gold has the potential to do well and can deliver decent returns over the next three years.
Most life insurance policies cover terrorism. Even the process is often simpler.
Credit cards come with insurance covers that help in circumstances like accidental death or loss of goods, says Amar Pandit.
The sum assured is just the premiums that you have paid plus some basic level of return. People often mix investments with insurance. This causes them to often look at the sum assured without understanding the death benefits of the policies in detail.
Reduce high-cost loans, create a contingency fund and play long term. These are the only mantras to survive during a slowdown.
Impulsive plastic money spenders face the prospect of paying interest rates in excess of 40 per cent a year.
Creating a retirement corpus yourself will help to have control over the funds better.
The recent hike in the rates will hurt your finances further. Time to do some stock-taking.
Generally, getting into a mutual fund is associated with a long-term relationship whereby, there are good times as well as bad times. However, most investors are willing to enjoy the upside, but at the slightest hint of a downside, they start crying foul.
Small amounts of money invested in mutual funds lead to large amount of wealth in the long run
If you have done proper planning and have little liability, there is no need to go for an insurance policy after 50.
Another product for high net worth individuals. However, the expense, in some options, is high.
More than your investments, its how you behave in bullish and bearish markets that will determine where you end up several years from now. Avoid costly mistakes: Stay away from risky offerings, whether it is futures or commodity trading, and for that matter, trading in general. Understand equities as an asset class: Any promise of more than 15 per cent, based on past performance, should be seen with a lot of caution. Higher the returns, more the risk.
Ego should not rule your investment decisions. Admitting that you were wrong is the first step towards success.
Volatile markets often scare the investor. It's time you conquered it.
Though deferred annuities are mostly sold as pension plans/income generators and tax saving devices, you can safely ignore such plans
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