Roles and Responsibilities of a Financial Advisor: Will it be helpful?

Roles and Responsibilities of a Financial Advisor: Will it be helpful?

Financial advisor usually creates and preserve the client information up to date and also they recruit new clients over the period of time. They also frequently discuss with the clients about their change in the status of their financial position. They are skilled in creating a liquidation plan which comprises priorities to be given and the timeline for the plan. These professionals select the type of service that should be provided and document in regard to the client. They also offer assistance in arranging finance for individuals as well as…

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Worried the Festival buying will slim down your Fat Wallet?

Worried the Festival buying will slim down your Fat Wallet?

Experts in psychology and consumer buying behavior state that impulse buying behavior is exhibited when purchasing is executed without proper planning and research which results in a stimulus to take a decision on the spot. Surveys say that this has mostly resulted in regretting later about taking a decision as such. So, have you wondered why is that we are under the influence of certain factors and get pushed into an impulsive buying spree? Festivals bring about an air of joy and happiness in the minds of people. And many…

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Don’t ignore! It is very important to insure income that your earn

Don’t ignore! It is very important to insure income that your earn

What is our greatest asset? Not our house, new car or investments – our ability to earn an income is the greatest asset. No one’s income is ever quite sufficient for his wants. Yet, our regular income, be it in form of salary, rent or consultancy fees, is the single-most important driver of economic independence. Income-less for just one month can be a disturbing experience, emotionally as well as financially. With the opportunity to earn being mostly time-defined, it is important for us to protect that income. Let us understand…

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Check your risk profile before you start investing

Check your risk profile before you start investing

Do you know that you cannot blindly invest without knowing how much risk you can take? So, you are gung-ho about embarking on an investment strategy. You have decided that you will save money henceforth and invest it smartly to make it grow. You have consulted with your friends and family, have a fair idea on what all options that you plan to take. Great show! While you are all set and raring to go, may we say slow down please? Do you know what your risk profile is? Do…

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Waiting for your first salary of FY18? Let it set the tone for your financial goals

Waiting for your first salary of FY18? Let it set the tone for your financial goals

Using the money to spend and invest wisely could set the tone for an improved financial portfolio for the future   Your first salaries for the fiscal 2017-18 will be paid out within the next few days. Spending and investing the money wisely could set the tone for an improved financial portfolio for rest of the year, and also for the long-term. “Starting early and being consistent with investments is the best way to build assets and wealth,” says Anil Rego, CEO & Founder of Right Horizons Financial Services. Rego provides some…

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Heard on the Street! After 30K, analysts are projecting a target of 45K by 2020

Heard on the Street! After 30K, analysts are projecting a target of 45K by 2020

One of the major factors, driving optimism in the market, is the recovery in earnings growth along with the implementation of government reforms in Asia’s third largest economy which is growing at 7 percent rate, faster than most developed and EM economies.   When Sensex hit 20,000 back in 2007, the Street was anticipating a number of 30K on the index in a hurry, but nobody was aware of the global financial crisis that would hit equity market the very next year, which would take the index towards 10K in 2008,…

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How to benefit from investments in tax saving mutual funds

How to benefit from investments in tax saving mutual funds

Apart from creating wealth over the long term, there is also an important tax benefit that you get when you invest in an ELSS. Equity-linked savings schemes (ELSS) are simple diversified equity mutual fund schemes. The only difference is that, since they offer a tax break for the investor, they entail a lock-in period of three years. Typically, ELSS funds have tended to outperform the index over the longer term horizon for a few basic reasons. The lock-in period enforces buy-and-hold discipline in the investor. When it comes to equity and…

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Nifty, midcap index hit fresh record highs; top 5 bottom-up stocks to buy

Nifty, midcap index hit fresh record highs; top 5 bottom-up stocks to buy

Bottom-up investing is an investment approach in which an investor should focus her attention from the industry to specific stocks.   The Nifty hit a fresh record high in the morning trade on Tuesday, supported by positive global cues. The action was equally strong in the midcap space. The Nifty free float midcap index rose to a fresh high of 18,021.10, while the S&P BSE midcap index rose to a fresh record high to 14,723.94 in morning trade. The small and mid cap stocks stood out in terms of returns…

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Five things to prepare yourself for the next financial year

Five things to prepare yourself for the next financial year

Beginning of the financial year is the best time to get your money acts together. Well begun may be half done in many things. For your financial well-being however well begun is a big step towards wealth. A few suggestions for us to consider, as we look at the financial year 2017-18 that is just days away. 1. Get a grip on the future. Planning the needs and goals of our future helps us get a grip on the task at hand, and the way to get there. Our needs…

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Are guaranteed life insurance plans worth buying?

Are guaranteed life insurance plans worth buying?

The primary purpose of life insurance is to provide protection to one’s financial dependants. There are, however, savings-oriented life insurance plans which in addition to providing protection help one save for long-term goals. Such plans could be participatory (with-bonus) or non-participatory (without-bonus) in nature. The non-participatory plans, instead of declaring bonus which may vary depending on the profits that insurers make, may carry a guaranteed return/addition in lieu of bonus. The element of guaranteed return in the form of guaranteed additions (GA) in life insurance plans makes them attractive for…

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