Have you bought life insurance yet? If yes, that sounds wonderful. You have made the best decision of your life. But why did you get it? Did you buy the policy because you were told it is the best thing one should do or something one should get early? Or was it the tax savings part that persuaded you? If not any of them, was it the “returns”? I hope your decision was not based on “returns” or tax savings. Life insurance is not and shouldn’t be bought for those reasons ever. In this piece, we shall see why you …
Tag: Life goal
Why link your Investments with Goals – here are the reasons!
Mr. Saha, an Electrical Engineer, has worked in a Navaratna graded PSU for 20 years now. His level of income is sufficient to lead a respectable life in society. His children are brilliant and the elder one is already set on her path to archaeology. The younger one is now in senior school and aiming for going ahead with information technology. He has set in mind a few options for higher studies. Mrs. Saha took a break from her job 10 years ago, attributed to the transferrable job of her husband. Now the family is back in the city again …
Basics of Investment Planning that can help you meet your financial goals
The fundamental principle of investment is – it must be planned. There are various products available for investment, we group them into asset classes. There are several examples of asset classes and sub-asset classes, such as: 1. Shares 2. Debts 3. Precious metals 4. Infrastructure & Real Estate 5. Alternative Assets For small investors, there are some easier vehicles designed for investment. For example- 6. Mutual Funds 7. Infrastructure Investment Trusts 8. Real Estate Investment Trusts When there are so many options to choose from, how can one go about it? The easiest way is to go for a Mutual Fund, …
Achieve Life Goals through Financial Planning : A Step-by-Step Guide
Our Future is very unpredictable. If you are planning your life under the assumption that everything will remain as it is, you are putting yourself and your finance in great danger. No matter how hard we try one cannot really predict what is in store for you in the times to come. We all have our own goals, desires and objectives that we dream to fulfil at some point of time, but these objectives cannot be achieved without a solid financial planning. Financial Planning is a strategy to achieve your life’s objectives through meticulous management of your finances. It helps to determine your …