We should have a holistic approach to our finances before we take the decision, either in investing or prepaying our loans. We should ensure that following important aspects about our finances has been taken care before we take the repay or invest decision.
An investment strategy is a defined approach to the investing that shapes the choices an investor makes for his / her portfolio.
A few smart money-moves can put us on the right track of being financial healthy.
We take term plan in at retirement stage as income replacement, whereas we plan retirement as expenses replacement.
An investment is a monetary asset purchased with the idea that the asset will provide income or will grow in future and become wealth. The right investment planning is to have effective investing strategy in place as per investors need and goal and avoid costly investment mistakes.
We overcome many of our fears such as social, academic physical, family and financial fears with the help of tools such as buzzer alarm, health check-ups, prayers, Insurance etc to overcome the sense of insecurities.
Successful stock trading requires understanding trader’s psychology apart from knowledge and skill.
Despite growing awareness for financial independence among women only 1 in 3 women take their own financial decisions as compared to 2 out of 3 men, even though top goals of men and women are similar. “ignorance is certainly not bliss”
Term Insurance Plans are cheapest pure insurance plan for income protection. However, there are many variants of Term insurance plan to suit the need of different individuals.
The needs of different individuals are different. Each and every individual has various and different financial needs. Mutual funds offer solution to all the needs of any individuals.