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Retirement planning for self-employed

Retirement planning for self-employed persons in India is an important but sometimes disregarded part of financial management. A recent poll found that 67% of Indians have a retirement strategy in place, up from 49% in 2020. It demonstrates how the Covid-19 outbreak has made individuals more conscious of the importance of saving actively for retirement. Self-employed …

The Math of no-cost EMI:

No-cost EMIs entail an interest subvention between merchants and lenders, allowing purchasers to get EMI choices with a zero effective interest rate. Customers can purchase a product in instalments rather than making the full payment upfront, and they are not required to pay any additional interest. As a result of the staggered payments, anticipated high-ticket purchases …

Are stock market investments meant for losers?

Though stock market frauds highlight the volatile nature of certain risky trades, retail investors should concentrate on avoiding any mistakes. The investing landscape is inherently an oxymoron, with conventional techniques frequently leading to unexpected outcomes. This contradiction is expressed via the wisdom of investment icons such as Warren Buffett and Charlie Munger, whose experience highlights an unusual yet practical method …

Who inherits parent’s debt?

We would have been seeing in newspapers and hearing about stories from our friends, relatives, and others on how people are stressed out when insistent creditors come knocking on their doors, when their parents or their dear ones have passed away, and they have left out some outstanding loans. Unfortunately, it is typical for descendants to …

Has retirement become a real challenge for Indians?

This generation of Indians has an extremely difficult task in supporting their retirement. Recently, every conversation about retirement in India has devolved into a dispute about whether the New Pension System or the Old Pension Scheme is preferable. However, this topic is meaningless to 96% of Indians because the Central and State governments employ just approximately …

What is Loss aversion bias?

Continuing in those stocks which are past their best period and are on the a downward spiral, overly averaging poor quality stocks as they continue to trend down (which is similar to catching a falling knife), substantially making use of debt to invest in equities to get rich quick, and investing more than you are ready to lose …