Make children realise that money is earned through hard work and used to buy necessary things.
Resist the temptation to react to every move of the market and remain disciplined with your investments till you reach your financial goal.
'Investors' decisions should reflect their financial goals, risk tolerance, and the amount of gold already present in their portfolio.'
'Choose an FD tenure that provides a balance between returns and the horizon for which you can invest.'
An allocation to ESG theme funds can bring down the overall risk of an equity portfolio. Investors with long-term financial goals, such as retirement, should not ignore sustainable investing.
Taking possession without an OC can lead to legal complications, denial of utilities such as water and electricity, hurdles in availing home loans or reselling the property, and even eviction.
'Investors should continue with their SIPs, especially during market corrections.' 'For those looking to start new SIPs, beginning with large-cap funds is a prudent strategy, followed by flexi-cap and value-oriented approaches.'
It is a good option for parents of girl children who want a debt product and do not mind its low liquidity.
'Liquid ETFs help in cash management by enabling a smooth transition between equity and cash within the same settlement cycle, as they trade in the same segment as equity.'
'Always ensure that lease terms are clearly written in the agreement, including rent escalation clauses and notice periods.'
Some products offer terrorism cover as part of the base offering, while in others it is an optional cover.
Registering the agreement for sale remains the most reliable way for a homebuyer to secure their legal and financial interests.
Cross-check key documents, maximise your deductions, avoid errors, and ensure you get your refund smoothly.
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
Whether you're a young professional, a seasoned entrepreneur, or someone simply looking to take control of your financial future, adopting these principles can be life-changing, says Ramalingam Kalirajan
In an age where personal data is a valuable commodity, investing in cyber insurance is not just a prudent choice; it is becoming a necessity for individuals and families alike, says T A Ramalingam.
Gold is an excellent asset class for diversification and should be included in all long-term portfolios.
One common mistake investors commit during profit booking is not having a plan for the redeployment of the money that comes into their account.
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.
One should avoid keeping excessive funds in one's savings account.
Investors should use a mix of active and passive funds.
'Your decisions should not be driven by your view on the market, but by your objectives, risk appetite, and time horizon.'
It is time to take stock of your savings and investments for this year and see how you have fared. Keep the following investment planning tips handy for 2010.
'If rate cuts happen, bond yields will come down and investors will make mark-to-market capital gains on them.'
Writes to Trai, Mumbai Police to catch unauthorised SMS senders
'The barbell strategy says that the best way to strike a balance between risk and reward is to invest at the extremes of the risk spectrum.'
'TMFs trump FMPs and FDs when it comes to investing in a high-duration product.'
Targets should avoid panicking and hang up. 'Disconnecting stops the scammers from building psychological pressure.'
Regardless of market levels, invest in stocks and equity mutual funds in a staggered manner.
Tenants should primarily buy contents insurance. 'This covers personal belongings like electronics, furniture, clothes, and appliances against risks such as fire, theft, floods, and other natural calamities.
For investors who missed the initial IPO frenzy, the market correction is an opportunity to selectively invest in promising names, but patience and careful evaluation remain the key.
Investors should avoid making drastic changes to their asset allocation during a market correction.
Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.
'Understand your financial goals. Next, categorise them by size. Then evaluate your investment options.'
Your awareness about the effect of the home loan tenure and EMI on your loan empowers you to take better decisions, explains Gaurav Mohta.
A portfolio can be rebalanced by either selling a portion of the outperforming asset class or by buying more of the underperforming asset class.
While selecting a smallcap scheme, go with one that has a good track record and a stable fund manager.
'If gold's recent surge has increased its allocation beyond 15 per cent in your portfolio, now may be a good time to rebalance.'
Avoid thinking of investment as some 'become millionaire in a week' scheme, says Nikhil Sethi, founder and MD, Zuvomo, a crowdfunding firm. Always think of long term gains and plan your trades accordingly.
Total market funds are ideal for long-term investors who prefer a simple, hands-off approach, making them suitable for those unwilling to manage multiple funds.
