Financial Planning

You should also know the risks and rewards associated with every investment class to decide if a single asset class or a mix of asset classes would help you meet your requirement. It is really about having the right asset mix in your portfolio that will not only be in alignment with your financial goals but also that caters to the various uncertainties that are looming large on the global economy. The motive of investing in different asset classes is different and they should be selected according to your financial goals and objectives. Apart from the features, you should also know the risks and rewards associated with every investment class to decide if a single asset class or a mix of asset classes would help you meet your requirement. Equity An equity investment is money that is invested in a company by purchasing shares of that company in the stock market. These shares are typically traded on a stock exchange. Equity investors purchase shares of a company with the ...

The people you hang out with the most have a huge impact on how you live your life and the choices you make. Here are a few ways they affect your career and your financial situation. It may not seem polite to consider the impact of friends on your finances and your career, but there’s definitely a connection. This connection is more important in your 20s and 30s since choices are made and attitudes are established that can determine your future success or failure. Landing your dream job ,  getting a raise , or simply saving up until you have a nice financial cushion can make interpersonal relationships tricky. If you’re not careful, even small gestures can look like you’re flaunting your new-found wealth. If you want to preserve your relationships as your financial status changes, approach your interactions with forethought and care. Consider the following problem areas and how to deal with them. 1. Venting About Money Complaining about money takes on a different ...

  In India, where cricket is a religion and the cricketers are respected, emotions run high during every match. You would be surprised to know that this age-old sport consists of rules and features which can be used as analogies to learn parallel lessons in the world of personal finance.   Drawing parallels between cricket and personal financial planning, we see that the strategies applied in cricket can help you achieve your financial goals. We bring you lessons that the cricket world cup can teach us about personal finance .     1.     Don’t step out into the field without protective gear : Not taking adequate precautions can make players vulnerable to injuries on the field. Similarly, for your financial planning before you start investing for wealth creation, secure yourself against the risks to finances, life and health. An emergency corpus, a health cover and life insurance term plan are a must to safeguard your and your fam...