Key Takeaways Growth investors look for those stocks or mutual funds that have a very high growth potential in the future in terms of revenue, profit or some other metric. They are not bothered with splitting hairs on high current valuations or price-to-earnings ratios. Value investors look for those stocks or mutual funds that are …
Growth vs Value Investing: Where should you be putting your money? Read More »
Key Takeaways Only a few women can boast of having equal participation or the final say in major financial matters. It is absolutely essential to learn about the key aspects of finance to get over your initial hesitation and get started on your financial journey. Taking the first steps is the most daunting task when …
How women can step up their personal finance game Read More »
Key Takeaways Take a step back and use reasoning to avoid impulsive purchases and emotional spending. Our attitude should be to focus on long-term impacts over instant gratification. By associating positive feelings with our tough choices, we have a higher chance of not relapsing into our old ways. Attaching an emotional significance to a future goal …
Key Takeaways Robo-advisors are automated platforms that provide financial advice or investment management, with minimal involvement of humans. The robo-advisors in the market today focus mainly on auto-investing, and are yet to incorporate full-fledged financial advisory. Robo-advisory with its low cost solutions, hassle-free enrolment and availability on digital mediums has made quality financial advice accessible …
Key Takeaways You have a choice between low cost (direct mutual funds & ETFs), mid cost (traditional mutual funds) and high cost (insurance or endowment products) investments to get access to managed solutions. Based on the numbers, you would be significantly better off choosing the low cost options. You pay high commissions for traditional mutual …
How do hidden fees and charges affect your returns Read More »
Key Takeaways Investment planning is a small subset of comprehensive financial planning. The components of financial planning can be divided into three key pillars: savings & investments, financial risk management and managing loans & leverage. People often confuse financial planning with investment planning. In fact, they assume that saving and investing is all you need …
Difference between financial planning and investment planning Read More »
Key Takeaways Analyse your annual expenses by looking at your track record from the previous year and make a budget by reevaluating your priorities. Dedicate some time regularly to build a passive income, based on interests, expertise and the time that you can commit in order to supplement your monthly salary. Start putting aside your …
5 Things You Should Do To Improve Your Finances This Year Read More »
Key Takeaways Stay away from debt Better advice – Use leverage for situations that will directly improve your net worth. Buy gold for investments Better advice – Create a well-diversified portfolio that includes equities, bonds, commodities, precious metals etc. Invest in real estate as it always appreciates Better advice – Go for investments that you …
Key takeaways: As a financially independent person, although you are not working for pay, you might have to work to maintain that source of income. Aside from early retirement, the purpose of financial independence could vary for different people, be it pursuing their passion or taking up fulfilling roles such as social work, without worrying …
Key Takeaways Automated passive investment management strategies such as dollar cost averaging, periodic rebalancing and glide path can go a long way in mitigating the impact of market volatility on your portfolio. Glide path helps reduce volatility of your exit by reducing the exposure to higher risk assets such as stocks over time and increasing …