Your existing retirement benefit plans would vary from person to person depending upon the kind of employment, saving patterns followed, etc. Before going in for a comprehensive retirement plan, it is necessary that you asses the existing retirement benefit plans and build your retirement plan around them so as to meet the required additional needs.
Retirement planning is a multidimensional field. Many of us approach retirement planning from only an investment point of view. This perspective is too limited for dealing with the diversified needs that we may have from our retirement plan.
Systematic Investment Plans (SIP) in Mutual Funds are gaining popularity with investors. Unlike some investors who like to park their money as a lumpsum into a Mutual fund Scheme and forget about it, investors going in for SIP have an edge. SIP offers investors choice to invest a fixed sum, as low as Rs.500 at regular intervals.
Phishing Scams have become so common now a days that many of us simply ignore them, however, some who are not aware about phishing fall prey. You think you are protected, but are you really?
Growth investing and Value investing are essentially two contrasting investment styles offered by funds. Both mean different things and represents the stock-picking methodologies used by the Fund Manager. While there are funds that tie themselves to either one or the other style, it has been observed that most funds tend to follow a mix of the two styles.
Most people believe that past returns are the most important criterion while choosing a mutual fund. That is not strictly true. Those who have seen heavy market downturns will be able to tell you that fund portfolio liquidity is an equally important factor to be kept in mind.
Tax planning entails making investments and contributions that help minimize the tax liability. Traditionally, most of us invest only instruments that provide tax saving benefit as aversion for taxes ranks as one of the most universal emotions. But, does this fit well with our overall financial planning goals?
Owning a home is perhaps the biggest and most important dream of an average Indian family. Due to its inherent socio-economic nature, ownership of a home goes beyond pure financial considerations. Renting a house on the other hand is acceptable for the sake of convenience and financial constraints. So, how do you decide whether to buy or rent your home?
Credit rating is the statistical system used by lenders to determine your creditworthiness. Before extending any loan or credit to you, lenders check things like how much money you earn, how long you’ve been using credit and whether you’ve made payments on time.
Wide variety of Mutual Fund Schemes exists to cater to the needs such as financial position, risk tolerance and return expectations etc. They’ve been categorized and classified very simply and logically, so you can figure out what each one implies.