Customers who possess gold jewellery but are either being denied a personal loan or are being asked for a high interest rate due to their poor credit profile may consider a gold loan.
Apart from the emotional value attached to buying gold, the yellow metal offers protection against inflation, interest rate spikes, currency and geopolitical risks, says Anamika Pareek.
Investors looking for a fixed-income product that is free of credit risk may invest in these bonds.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
'Arbitrage funds make the most sense for those in the 30 per cent tax bracket, are viable for those in the 20 per cent bracket, but less so for those in the 10 per cent bracket.'
Borrowing from a fraudulent loan app subjects the borrower to a variety of risks.
'Allocate up to 20 per cent of your core equity portfolio to quality funds.'
'Investing abroad helps mitigate currency risk for foreign-currency denominated goals, such as children's higher education and international travel.'
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
For Indian parents, sending a child abroad for a three-year degree could deplete 48% of their retirement savings, while a four-year degree may consume up to 64%.
Adopting overly aggressive strategies without considering risk could lead to significant losses during the next downturn.
A good advisor can make or break your financial future
The impact of currency depreciation can also be mitigated by holding a portion of your investment portfolio in dollar-denominated assets.
'An equity-based index fund should be held for more than five years to average out market volatility and achieve financial goals.'
In a falling market, the value of your investment keeps going down. However, the reduction in value is purely a notional loss if you remain invested. When you redeem in a falling market, the notional loss becomes a permanent loss, explains Anamika Pareek.
Follow this 15 x 15 x 15 rule to become a crorepati without taking big risks. Ramalingam Kalirajan explains how
Tactical investors should have an investment horizon of around six months to one year, long-term investors should stick around for 10 years or more.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Do you find yourself wondering how good your financial advisor is? How trustworthy? Do you ever feel uncomfortable sharing information with him? Maybe it is time to ask some hard questions and get some peace of mind.
'There are 725,000 Indians here without proper papers. They are subject to deportation immediately under this (Trump's immigration plan). Immediately!' 'They want to prevent new immigration, get the people who are already here out of here, and only allow population increases in the white population.'
Anamika Pareek explains the advantages of investing in tax-saving options like the equity-linked savings schemes.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
Investing in start-ups can be highly rewarding, but direct investing is not meant for everyone. For the majority of wealthy investors, taking the private-equity route could still be the better option.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Ask rediffGURU Ulhas Joshi your mutual fund queries.
A good planner will take the role of a family doctor.
It is a good option for parents of girl children who want a debt product and do not mind its low liquidity.
The challenge isn't in selling -- it's easy to sell when the market peaks. The real challenge is in buying back.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
Only investors who understand the significance of ESG investing should enter these funds for the long term, advises Sarbajeet K Sen.
rediffGURU Ulhas Joshi recommends five factors you need to look at to evaluate the performance of two schemes.
SEBI has published data showing that more than 90 per cent of investors lose money in futures and options, explains Harsh Roongta.
FMPs remain an option for investors who believe interest rates could head downward over time and wish to lock in the current rates. TMFs have very low expense ratios, which makes them cost-efficient.
The bulk of an investor's portfolio should be in shorter-duration funds of up to one year portfolio duration.
The crises of the 21st century, 9/11, the economic meltdown, COVID-19, Russia-Iran war and the Hamas-Israel war seem to be never ending. In this situation, Iran might be contemplating a nuclear deterrent to defend itself, observes Ambassador T P Sreenivasan, the distinguished long-time Rediff contributor who turns 80 on June 17..
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
Patience can be rewarding. 'Post-listing, sanity often returns to valuations of newly-listed businesses within six to nine months. Buy then.'
'The long maturity of these funds makes them well-suited for long-term financial goals such as saving for retirement or children's education or marriage.'
Haven't they heard about the 'Tale of Two Brothers'? asks Suveen Sinha.
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