Key Takeaways To get back on track to achieve your goals, you need to look at the urgency of the goal, flexibility of your budget, prioritisation amongst the various goals and your ability to align your financial plans to realise them. See if you can reduce the goal amount or postpone the goal for a …
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Key Takeaways Loans can help you achieve your goals faster, leave you financially better off and even help you make money if used wisely. Home loans help you save on rental cost, buy a home faster and create an asset in the process. Education loans can help you complete your degree faster and enhance your …
Leverage: Debt can be your good friend if used wisely Read More »
Key Takeaways Tax deductions are reductions in the tax amount that a person has to pay by reducing the taxable income of an individual. Tax deductions under section 80D include health insurance premiums and other healthcare costs such as preventive health check-up payments made for self, spouse, dependent kids and parents. The maximum deduction for …
Key Takeaways Sum assured refers to the main limit of coverage that your health insurance plan offers. Sub-limits are caps on the maximum amount your insurance policy will cover for specific areas of benefits. Co-payment is the portion of the bill that your insurance doesn’t cover and you need to pay out of your pocket. …
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Key Takeaways Mutual funds and ETFs are both collections of a basket of underlying assets (usually stocks and bonds) which enables multiple investors to pool their funds and invest in the underlying assets. Mutual funds are actively managed and as a result have higher expense ratios. ETFs are passively managed and end up being cheaper. …
Key Takeaways An estate plan determines how an individual’s savings and assets get distributed after their passing. Most people ignore this topic because dying is seen as a distant eventuality and hold the erroneous notion that estate planning is for the wealthy. Estate planning enables you to distribute your assets – irrespective of your net …
There is a popular saying in finance: There are only two types of people in this world. Those that earn interest and those that pay interest. Which category do you fall under? Depending on which side of the coin you are on, compound interest can either elevate your life and goals to the next level …
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Balance is one of the most important things in all aspects of life. As the old adage goes, too much of a good thing could be a bad thing. This is especially true in the context of your investment portfolio: too much weightage on any particular fund could leave your portfolio overly exposed to the …
Rebalancing your portfolio periodically: A must during volatile times Read More »
How much of my assets should I invest? As financial advisors, this is one of the most common questions we receive. Our response: instead think of how much of your assets you should not be investing and keeping aside as emergency funds. You can and should go ahead and invest everything in excess of this. …
Investment to Total Assets ratio: A floor to your investment strategy Read More »
Imagine being struck by an unforeseen crisis – a medical emergency in the family, loss of job due to global pandemic or need for replacement of an old car that suddenly broke down, to name a few. What is your plan of action for these sudden major expenditures? People handle these emergencies differently but there …