Considering the above and a double income family, there would at least be around four to six different accounts. And managing all of them becomes cumbersome and you realise the complexity of the issue when you have to collate this information to give your chartered accountant or financial advisor.
These funds generally deliver lower returns than stocks except during times when interest rates are going down.
Procrastination or inaction makes achieving your financial goals difficult.
Investment decisions without a blueprint can cause financial trouble. Here are a few questions that you should ask yourself.
The last 3000 points surge in the Sensex may be a perfect opportunity to book profits, but remember, you have to be in the market to make money.
The inability to take a call on investment decisions can hurt your finances. One for the perpetual fencesitter.
Being on an ego trip while investing in the stock market can lead to huge losses.
Most plans offer a sum assured that reduces as your outstanding home loan comes down every year.
While calculating returns, you need to take the cost component into account
While calculating returns, you need to take the cost component into account
Though some schemes have outperformed the Sensex, higher costs ensure that the numbers do not work out in your favour.
A few years back I visited one of the nationalised banks to open a public provident fund (PPF) account for one of my cousins. And as you will see, I found more hurdles on my way than solutions.
Money Plus is yet another ULIP that does not give you returns.
You can use futures and options to hedge risks as well as make huge profits, but it's risky
Interesting twists but the bottom line is the same: it does not work for you.
Though the list can be pretty long, here are seven common mistakes people make when investing in equities and that you should stay away from.
Innovation is the name of the game for mutual fund marketeers. But your financial need is what should matter.
Some historical evidence on why sector funds cannot form the core of your portfolio.
Make deposits in your savings account before or on the 10th of every month.
Internationally, the opaque workings of large life insurance companies are leading to new products.
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