Financial Planning

9 Tips to Remember When Choosing a Financial Advisor

How to choose financial planner

Choosing a financial advisor is an important step, for most people, to creating more wealth and financial security. Whether you’re a minor investor who just wants to keep your assets safe or have several thousand dollars to invest so that you can watch them grow, a financial advisor can help you do these things. Remember, a financial advisor is not an insurance salesperson or a stock broker, but is rather a person who will help you create an overall financial plan for your current needs […]

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Financial Plans For Younger People

Financial Planning for young people

When should you start considering financial planning? Many young people cannot see the point of insurance and investments, because they feel they don’t need them, or they believe there is plenty of time left. It is only when we see what benefit, we could have had if we had invested those small amounts regularly, do we see the great loss from not planning ahead. Financial planning, insurance, good lending and investments should start as young as possible. Here is a general guide for your young […]

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7 Reasons to be your own Financial Adviser?

Be your own financial adviser

A glance at the TV advertisements or any Business news channel will quickly tell you that there is no shortage of firms or individuals who are eager to help you to manage your finances. Of course they offer no free lunches 😉 Still, why do people nod their heads while hiring a professional financial adviser and instead choose to be their own masters and decision makers while investing money? I was just reading an article by Manish Chauhan on JagoInvestor “5 reasons why you should […]

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What is a ‘Reverse Mortgage’ Scheme?

What is Reverse Mortgage Scheme; Lifetime Mortgage

What is Reverse Mortgage? A reverse mortgage (or lifetime mortgage) is a loan available to senior citizens. The finance minister of India  introduced this scheme in 2007 which is already well known concept in the West. “Reverse mortgage”, as its name suggests, in simple words is just the  opposite of a normal housing loan.  Image Credit : <Link> How does Reverse Mortgage Work? In this scheme,  once you pledge your house for the ‘reverse mortgage’, the bank will arrive at the value of the house […]

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I defaulted on my SIP Installments; what should I do now?

Defaulted on SIPs what to do now

The extreme volatile conditions in the recent past in the markets have led to hysterical selling by many investors. And this panic-stricken selling is not limited to stocks alone. There were many investors who have redeemed their mutual fund schemes and have stopped their monthly SIPs too. However, if you look at it from the other side, these (volatile falling markets) are the best opportunities to keep investing in the SIP’s and average your cost. In case of  investments, when the going gets tough (this […]

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Importance of Long Term Investments

Let’s face it. You will not be able to work forever. No matter how healthy you are, there will come a time when you will not be able to work, due to health problems or simply aging. What will you do for an income when the time comes to retire? This is why planning your long term investments carefully is so important. Maybe you think you will be able to rely on Medicare and social security to take care of you during your retirement. Well, […]

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How Rs 1 lakh grows to Rs 50 lakh in 25 years

Stock Markets viz. Sensex and Nifty are on the Surge again after watching the downside taking down to the October Lows. You could be wondering if you should still invest in equities and go through the uncertainty from time-to-time. Tell you what, YES, you need to invest in equities. Long-term equity investing as an asset class continues to beat all other investment avenues like real estate, gold,bonds or fixed deposits etc. That is, equities in India have grown by an average of 17 per cent […]

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