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.
The key is to concentrate on selection and maintaining the disciplined way of investing.
Building a MF portfolio is akin to building and furnishing your home. There is no model portfolio to suit everyone's needs, so you can follow a few rules to build yourself one.
Moral of the story: it is not your fault if you are born poor, but if you stay poor, it certainly is!
You can use futures and options to hedge risks as well as make huge profits, but it's risky
Reverse mortgage is a financial option that senior citizen homeowners aged 60 and above can explore.
The surest way in theory to become rich is to know tomorrow's stock prices today. The moment we master the art and science of understanding market trends, and harness our skills of accurately predicting the trends, we will start rolling in wealth.
The following discussion is an attempt to look at some of the parameters to decide how to select mutual funds for investments.
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