Make Your Money Work For You
Significant breakthroughs in healthcare have prolonged people’s lifespan, mostly in wealthy countries. People who do not have appropriate personal savings or pensions risk outliving their retirement assets! Those who are experiencing an economic crisis in their finances may decide to leave retirement and return to employment on an intermittent, part-time, or full-time basis. This is done …
Understanding the various fees associated with a home loan application is crucial for a comprehensive view of the overall cost. Here are the key components: Processing fees – This is a one-time, non-refundable charge payable at the time of loan application processing typically ranging from 0.5% to 1% of the loan amount. Legal charges and …
Whenever you purchase insurance, you may be required to provide the insurer with a variety of information and documents. Hence, it’s vital to make sure you’re exchanging your information with a reliable and genuine system or individual. Prudence in protecting your information is essential not just while purchasing insurance but also when purchasing other kinds …
Even after such advancements in technologies and the vast open-information base available to learn and understand, children of this generation still lack financial literacy. Children believe that money miraculously comes from their parents’ wallets to provide them with everything they desire. Sadly, not much has evolved from the previous generation to the current, which is …
A vital question to ask college students nowadays is whether or not they are thinking about money. Being curious, acquiring knowledge and discovering new things appear to be too foreign for schools or parents to care about nowadays, as education is centered only on employability. Students have been trained to judge themselves based on their academic …
To deal with the Covid pandemic, individuals have turned to screens more often, even for online shopping. When utilized as a rare indulgence, watching TV or surfing the internet for online shopping is not an issue. Yet, for some individuals, these practices can become addictions that are difficult to overcome. Here’s how to tell whether internet …
I will start this blog article with the assumption that you are likely aware of the term ‘Systematic Investment Plan’ (SIP). Just to give a refresher for newbies, SIP is nothing but an investment strategy that allows you to invest a fixed small amount of money in mutual funds every month periodically, instead of lump-sum …
Investing in last year’s top performing mutual funds may appear to be a rational approach at first, but it is not. As a mutual fund investor, if you look at the recent one-year returns of equities funds, you will find that practically every year, a new fund tops the returns rankings. It may be a …
According to a media report, over Rs 82,000 crore of investor wealth is not claimed in misplaced and discontinued investments. There are unclaimed deposits in inactive bank accounts, terminal proceeds of policies in insurance firms, and even people’s retirement funds lying dormant in PF (Provident Fund) accounts. Some individuals are incredibly organized when it comes to their investments …
The Indian stock markets are growing, with the Sensex hitting stratospheric heights of 70,000 points and above. Even people who haven’t considered investing in shares are now looking up, pondering if they are missing out and should get in. Because of the tax advantage, life insurance advertising campaigns often increase by several notches in the …