Every investor has his own set of unique investment objectives. What he wants in life, i.e. his requirements and needs have a direct impact on his pattern of investment and its objectives. Let us understand the influencing factors behind our investment objectives. 1. Determining your requirements Follow the path that helps you achieve your short-term and long-term goals. These can include funding the education for your children, or investing in your business for expansion, retirement or … [Read more...]
This is a collection of how-to guides, thoughtful tips on Personal Finance to help you effectively manage your finances. Learn to plan and invest money wisely and secure your financial future.
Whenever there is a statement about anything in this world, regardless of who has said it, do not believe it. But to analyse it and know the truth is wisdom - (Kural: 423): Thiruvalluvar, a celebrated Tamil poet. Sankaran, a 28-year old civil engineer working with a multinational company in Chennai had invested all his money in stocks, mutual funds and ULIPs. When the market was at 20,000 levels, his portfolio was showing huge profits. However, he lost heavily during the market crash. … [Read more...]
In the digital age, the current affairs reach our living room 24*7. The power of internet and social media makes the news and rumours spread like a wildfire. Because of this information overload we become so focused on details that we begin to ignore the overall situation. If we are unable to see the wood for the trees, then we need to take a step back from the situation, to regain a wider perspective. Many investors change their long term investments based on the short term sensational … [Read more...]
We all need to review our investment portfolios on a regular basis and also take the help of professional financial planners. What does a Professional Financial Advice mean in portfolio management? Making a habit of rebalancing financial portfolios Most of us make smart financial plans that are based on the number of earning years, financial commitments and the level of risk we can take up at the time of planning. But it is found that our financial commitments and the level of risk we could … [Read more...]