Best Investment Options for a Working Professional
Many investors make the mistake of purchasing financial products purely from the tax-saving angle and that too at the last moment. It usually leads to inferior financial decisions
Many investors make the mistake of purchasing financial products purely from the tax-saving angle and that too at the last moment. It usually leads to inferior financial decisions
A systematic investment plan (SIP) is a disciplined way to invest money in mutual funds. It’s one of the best ways to generate wealth over the long term. Here’s how you can start a mutual fund SIP.
How would you feel if I showed you a way to become an entrepreneur without actually building your own business?” – without going through the grind, without getting your hands dirty, without leaving the comfort of your present jobs,….
If you are planning to invest to claim tax deduction under section 80C, here are some wise things to do when you wake up. (Listed in order of priority)
You don’t invest in shares. You invest in an honest broker or financial planner. Be friends with him. You don’t invest in education. You invest in a good teacher. Be friends with him. You don’t invest in healthcare. You invest in an expert doctor. Be friends with him. You don’t even invest in your business. You invest in your employees and your customers. Be friends with them.
But the point I am making here is, that the hoarders of cash are going to have a hard time because that isn’t “real” wealth.
There are numerous well-meaning, decent people all around us who are not financially aware, because of which, they make ignorant and rash decisions which ruin their lives.
Majority of parents are worried about investing right for their children’s bright future. A simple search on Google reveals that the media is almost totally covered by insurance companies offering traditional and unit linked plans in the name of child benefit plans.
Financial planners have been crying themselves hoarse about the wisdom of buying a pure term insurance plan and not investing in an insurance plan. The dual advantage of cheap risk cover and earning much more on your investments can’t be ignored at all.
there is a secret to make long term SIP successful and that is, you avoid timing the market. Put simply, it means that you are not looking for an opportune time to invest, rather you are deciding to stay invested across multiple market cycles.