Tips to Manage and Stick to your Financial Goals

Tips to Manage and Stick to your Financial Goals

To achieve your budgetary objectives, individual should understand the ways of managing money. That implies defining an objective, building up a financial plan and following where an individual spends and spares money. Monitor every one of your costs and set sensible spending rules. Maintain a report of your month to month spending that incorporates everything from goods, transportation, attire, feasting out, doctor’s visit expenses, regularly scheduled installments, obligation owed and the sky is the limit from there. You need to assure that your record gives the representation of amount spends…

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The right account for a small investor – Basic Services Demat Account

The right account for a small investor – Basic Services Demat Account

If you are already holding a Demat account or planning to get one, then it is very important that you should know about the Basic Service Demat Account also. This could help you if you are planning to trade on smaller portfolio sizes and will cut on those huge yearly maintenance charges. The Basic Services Demat Account is a basic version of a normal Demat account which provides only the basic level services and is ideal for those who wish to invest in smaller quantum of portfolios. But before we…

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How to Spend Your Month-end Happily

How to Spend Your Month-end Happily

The biggest trick to help you spend less than you earn is to know exactly what you are earning and exactly where are you spending Have you ever reached the end of the month with almost nothing in your pocket and bank account? If so, you’re not alone. In fact, many Indians, often with large families, are living pay cheque-to-pay cheque. It can be one of the hardest cycles to break. Below are some tips on how to spend your month end happily and without worries. Know Your Exact Budget…

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How not to finance down payment for buying home

How not to finance down payment for buying home

Buying a home is a big decision. And, as with all big decisions, you need to be well prepared before you implement it.  For starters, before you decide on buying a home, make sure you have accumulated enough money to make the down payment. Hasty measures can put your financial security at risk.   Don’t dip into retirement savings Rummaging through one’s retirement savings may seem the easiest option. But it is not the most desirable one, say experts. “Once you start chipping away at your retirement fund, there’s no…

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Money mistakes can make even ‘Baahubali’ a villain!

Money mistakes can make even ‘Baahubali’ a villain!

SS Rajamouli’s fantasy fiction ‘Baahubali 2 – The conclusion’ has had a scorching box-office run, minting over Rs 1,500 crore. Indians across the world are going ga-ga over the larger-than-life protagonist whose ripped physique can only be matched by his massive strength and boundless courage. Yet, father ‘Amarendra Baahubali’ epitomises the biggest money mistakes that a daddy and also a husband can make during their life-time. Here are the three financial blunders that make this strong man a reckless villain. I don’t need no life cover: His name may have…

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9 solid tips to help you make more money in stocks & lose less

9 solid tips to help you make more money in stocks & lose less

Every investor hopes to be successful on Dalal Street, but very few succeed in making it big. Equity is the simplest way for an investor to participate in a business as a part owner. Equity investment can also enable direct participation in the growth of nation’s or global economy, and thus wealth creation. While it has been proven over centuries that the equity route is the best way to create wealth, the same asset class has also seen immense wealth destruction at times. Compounding miracles Einstein once famously said: the…

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Big gains in small packages! Stay with midcaps for potential multibagger play

Big gains in small packages! Stay with midcaps for potential multibagger play

As many as 5 stocks more than doubled investors’ wealth in the last one year. The broader market raced ahead of Sensex and Nifty to scale fresh peak on Tuesday and over 140 hit fresh 52-weeks high on the BSE suggesting strength in the market.The S&P BSE Midcap index rose to a fresh record high of 13,904.73 while the S&P BSE Smallcap index scaled a fresh peak of 15,489.47. As much as 5 stocks more than doubled investors’ wealth in the last one year which includes names like Indian Bank,…

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Wondering where to invest? MFs have these 20 large & midcap stocks in their kitty

Wondering where to invest? MFs have these 20 large & midcap stocks in their kitty

Investing becomes tricky, especially in a bull market when every stock seems to be on the ‘cloud 9’. Well, one way is to do your research and buy stocks on declines and the other way could be to look at the portfolio where foreign institutional investors (FIIs) or mutual funds are betting. We don’t advise investors to blindly replicate FII or MF portfolio, but it could certainly provide you clues as to where the smart money is moving and after doing your own research investors should place their bets accordingly….

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Look who was shopping! DIIs poured more than Rs 1 lakh crore in D-St to help Sensex reclaim 30K

Look who was shopping! DIIs poured more than Rs 1 lakh crore in D-St to help Sensex reclaim 30K

Furthermore, they pumped in nearly Rs 7,000 crore in April to help the 30-share index record a fresh intraday high of 30,167.09 on Wednesday. It was not regular foreign institutional investors (FIIs)—considered to be the backbone of Indian markets—but domestic institutional investors (DIIs) who led the rally on D-Street from March 2015 when Sensex recorded its previous all-time high levels 30,024.74. DIIs poured in over Rs 1 lakh crore in Indian equity markets from March 2015 to March 2017 and nearly Rs 7,000 crore in April to help Sensex record…

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Plan to surrender your ULIP? Don’t!

Plan to surrender your ULIP? Don’t!

A rightly chosen ULIP can be a competitive investment, but the investor needs to ensure that his relationship manager has put him ahead of the commissions that the product pays, says Anil Rego, CEO, Right Horizons. Ganesh Shankar, 68, was coaxed into buying a unit-linked insurance plan (ULIP) by his relationship manager. The 10-year plan has an annual premium of Rs 1 lakh. When Shankar received the policy statement in the third year, he realised that the value of the Rs 2 lakh premium he had already paid was down…

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