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We live in this modern-day era where change is the only constant, and the investment world is no different. Economies worldwide are more connected than ever. As a result, many investment options are available to investors. Furthermore, technological advancements are beyond belief, making investing highly convenient. Any investment opportunity is just a click away. However,…
Savings help you have the funds when you need them. Setting aside a part of the income as savings is a must for long term financial freedom. After that, as a second step, you must invest the savings in the investment options of choice. Traditional saving options like mandatory retirement savings and pensions are usually…
To accumulate Rs 1 crore in 10 years is a significant milestone for any investor. In other words, to be able to collect such a massive corpus is an outstanding achievement. However, although substantial, the target is achievable through consistent investing and firmly believing in your investment decisions. There are two options to begin the…
Sukanya Samriddhi Yojna (SSY) is a savings scheme to improve the financial independence of a girl child in India. The objective is to encourage families to save for the education and marriage expenses of a girl child. The Government of India launched Sukanya Samriddhi Yojana (SSY) in 2015 as a part of the ‘Beti Bachao…
We have learned that there are three most essential elements to lead a content life. Roti, Kapda aur Makaan. In other words, healthy food, good clothes and a house to stay. While all three are necessary, spending on food and clothes is small-sized and usually non-discretionary. So, for now, we will focus on the last…
Investment is an allocation of money with an expectation of return. We invest in assets to generate income. However, revenue generated from these investments is subject to taxes. Profit from the sale of investment is subject to capital gains tax. Furthermore, share trades are liable to transactions taxes. And so on. In other words, taxes…
What is the right age to begin investing? The answer is, one should start investing as soon as the person is lawfully allowed to invest. In this article, we will elucidate upon the power of compounding and benefits of early investing. Early-stage investing helps in many ways, and one of the most significant benefits is…
We need a lot of money to live life happily. Money is the solution to all problems. Whether true or not, this is what many of us heard while we grew up. But, no one mentioned how much. And for most, the more, the better. There is about Rs 25 lakh crores of printed currency…
Save money—Diversify your portfolio—Take the right investment decisions—Be future-ready financially. These are some of the most common financial pieces of advice you may have received. It is also true that we should live in the present. In this dilemma, has a question ever crossed your mind – Why should you save money for the future? There…
An investment strategy aims to meet financial goals keeping in mind risk appetite and individual preferences. Creating an investment purpose serves as a guide to developing an investment plan – here are thumb rules to make an investment plan that help you begin and construct the investment framework: Define financial goals, i.e. state your investment…