While planning for future most of the time people ignore the role of inflation and thus take wrong decision with their investment. They realise their mistake when they actually require the amount and wish if they had more money. Retirement is one such goal for which many people don‘t plan and later regret their decision.
Fixed deposits cannot offer a rate of return in excess of inflation. If you are planning for a long term goal, employ of a mix of both debt and equity
Equity mutual funds let accumulate retirement funds at a double digit rate of returns through systematic investment plan. Debt funds can be used to protect the kitty once investor reaches age of retirement.
Retirement is a goal which cannot be funded with loans. Earlier you start better off you are, as you can devise a strategy which works in the long run. Also the strategy can be re-balanced if need be.
If you have just started earning, then consider these basic rules of investing, as you shape your finances. Setup emergency corpus, have your own health insurance, secure your dependents, save substantially, focus on risk management, start goal based savings and pay attention to asset allocation principles.
Financial advisors can help you identify goals, prepare for these goals and achieve these goals. They also make the process less stressful.
Valentine's Day need not be an expensive affair. Here are some tips to make your valentine feel special without spending too much money.
Retirement planning is a critical component of financial planning. One can consider including pension plans of mutual funds, new pension schemes, provident fund and pension plans launched by life insurance companies to save money for retirement.
Planned vacation can be more exciting as you are less worried about expenses and location. It is better to plan your vacation well in advance.
Here we are sharing some of the facts which youngster should know before getting married or before turning 30. These are the points normally ignored while making investmentsand may result in mistakes.