With medical inflation hovering at around 13-14 per cent annually, policyholders must reassess their sum insured once every two years.
Investors must account for currency depreciation in their financial plans and use instruments that can cushion the erosion in purchasing power.
This exercise allows investors to realign their portfolios with changing market conditions and evolving personal objectives.
Taking Kharg would give the US control over virtually all of Iran's oil exports and thus provide significant leverage, notes Prem Panicker in his must read daily blog on the Gulf War. It would also put American troops within range of Iran's remaining missiles, drones, and artillery on a piece of real estate that is just eight square miles in size, and just 15 miles from the Iranian mainland.
Young earners with high incomes and few responsibilities can save more than 30 per cent, while those with low salaries and high expenses may save less.
Warren Buffett is a luminous example of the school of value investing. Starting with an initial fund of $105,000 in 1956, Buffet grew it to $45 billion over the next 50 years, making him the second richest man in the world.
'Exiting during corrections tends to lock in losses. Patient investors have benefited from holding through similar drawdowns in past cycles.'
While EPF rewards patience and compounds your money, inflation decides how far your money really goes.
Investors seeking higher returns at relatively higher risk should consider allocation to smallcap equity funds.
Review your family emergency fund and replenish it if needed. Revisit financial goals to see if there is any change in timeline or the corpus required.
'Stopping now would defeat the core purpose of an SIP, which is to average out the purchase cost over market cycles.'
'The universe of PSU stocks is huge and diverse.' 'Investors should bet on specific sectors and stocks from the basket as most of them may continue to consolidate after years of outperformance.'
Buying makes sense for those planning to stay in a city for at least 7 to 10 years. Financial preparedness is crucial.
With the RBI infusing Rs 7.5 lakh crore in liquidity -- and possibly more in the future -- the short- to medium-term corporate bond market is expected to benefit.
'Pick a sum insured that realistically covers major hospitalisation costs in your city.'
FOMO-driven investing is reshaping India's stock market. Swati Saxena explains how social media hype fuels risky bets and how to protect your wealth.
rediffGURU Chocko Valliappa offers crucial career advice to engineering aspirants.
Largecap equities are less volatile than mid- and smallcap stocks, making them suitable for risk-averse investors.
Doubles is not a sideshow: Yuki Bhambri on re-invention and right support
New entrepreneurs and investment gurus can never miss out on Buffet's tips on investment.
Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.
Make sure the rider adds value rather than just adding to cost.
Follow these and you will find yourself in a comfortable financial situation.
For once let us not only make some resolutions, but also keep them
Go for high quality and low-to-medium-duration funds in your debt portfolio
'First-time or conservative investors should avoid narrow sectoral funds.'
These are old nuggets which have been dished in the past. repeating them and frankly do not care if you do follow or not.
'Reviewing terms such as war, invasion, acts of foreign enemies or hostilities, which often appear in industry exclusion lists, can help avoid surprises at the time of claim.'
If you would like to feature in this series, do send us your photographs (at least five). Tell us about yourself and what you do in around 300 words. Do also tell us about the role fashion plays in your life. Mail us at getahead@rediff.co.in (Everyday glam).
Passive funds appeal to investors seeking to avoid the risk of underperformance by the fund manager and minimise the need for frequent chopping and changing of funds.
Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) are very crucial. Here, we will help you understand how these tools can pave the way for a stress-free retirement.
'It's a lifetime opportunity to cook for the most high-profile table of India. It's a matter of honour for me.'
Younger customers should opt for increasing cover as their financial commitments are likely to rise in the future.
Algo trading should be segregated in a separate account with only risk capital deployed.
A deepening payment paralysis in Telangana's liquor industry is beginning to choke manufacturing units and strain supplies, employment, and the broader investment landscape, industry bodies have warned, as unpaid dues accumulate to levels they describe as "unprecedented" and "severe".
'They are ideal for short-term financial goals like children's education or a down payment for a house.' 'They are also useful for transitional savings, such as during job switches or while starting a business.'
Avoid donating without checking the receipt proforma showing the political party's ECI registration number and PAN.
ELSS investments require a long-term commitment of at least seven years.
