Mental Accounting is one such money mistake even smart people are committing. Understanding this mistake and avoiding this could make us richer. Behavioral Finance experts say that mental accounting works this way: Let us say you have bought a Rs.200 ticket to a movie. When you show up at the entrance of the theater and […]
Have you ever given a thought how Mutual Funds recover their Expenses? Do they recover it from you before they declare the NAVs of the respective schemes? Are the returns you receive from your mutual funds investments is the net of expenses incurred by them while managing the funds? What is Mutual Fund Expense Ratio? A Mutual fund incurs […]
Understand economic recessions and expect the unexpected market crashes. Don’t invest another rupee until you could do this. Once you could do this, then you are all set to survive from market crashes without any negative impact emotionally as well as monetarily. Also you are well prepared to accumulate wealth through your equity investments.
What is the first step to start financial planning? If you are planning a journey, the first step is to know ‘from where are you starting your journey’. Similarly to start financial planning the first step is to understand where you are financially. Then we can plan your journey from there to reach the financial destination you want.
Once the financial plan is created, do you need to continue your relationship with your financial planner? Will the financial plan which you created in your early life, hold good till your retirement?
Everyone relates with money in a different way. How good is your relationship with money? Is there a better way to improvise your relationship with money? Many money problems or issues arise out of the way we look at money.
Are you planning to go abroad and become am NRI? Today you are a Resident Indian. Tomorrow you may become an NRI if your employer provides an opportunity. When an opportunity like this knocks at our door, are we ready to face the change? Are we prepared?
The mindset of today’s young professionals is changing radically. They would like to have a semi-retired life in their late forties or early fifties by taking up a hobby instead of a regular job.
Human beings always have a natural tendency to follow the crowd, but when it comes to share market investing, following the crowd can more often result in ending up with losses. Why do you copy the mediocrity of the masses when you can replicate the success of the World’s Greatest Investor?
Don’t let these insurance myths, keep you from achieving your financial goals. Planning for contingencies like death and hospitalization forms an important part of financial planning. Buying a life insurance cover provides money to the dependents of the bread earner on his or her death.
