Employee retirement typically occurs at age 60 or 62, and business owners also retire at a certain age. Planning for retirement is essential to ensure a smooth transition from work to post-retirement life. Saving for the future is crucial, and various policies, schemes, and investment options are available for post-retirement life. The Government of India … Read more
In today’s fast-paced world, managing money effectively cannot be overstated. This involves balancing spending, saving, and investing to secure financial well-being. Earning money is not enough; it should be spent regularly, and investments should be made for future needs, following certain principles to ensure adequate assurance. 30 Percent Rule: Never use more than 30 percent … Read more
Money is essential to support a family; nothing functions without it. However, to earn money, one must work. Suppose you earn a reasonable monthly amount to cover your family’s expenses. A portion of that money should be allocated for leisure activities. You can use part of your earnings for things like watching movies, going for … Read more
Investment for Children’s Education: Saving is essential for your child’s future dreams. Please plan to secure their education. Children’s education costs increase daily, and parents are understandably concerned about their future. Investing in long-term goals can alleviate these worries and set the stage for making your children’s dreams a reality. Parents face substantial financial challenges … Read more
Are you considering investing in shares of small and medium-sized companies (SMEs)? These shares tend to fluctuate, making them a riskier investment. However, despite the risk, many investors are interested in these shares due to their recent profitability. Over the last decade, SMEs have raised over Rs. 14,000 crores in funds, with Rs. 6,000 crores … Read more
When asked about the safest investment scheme in our country, most people mention Fixed Deposits (FDs) as the answer. They are popular due to the fixed income they generate and the assurance of knowing how much return we will get at the time of investment. The government’s guarantee on these fixed deposits also attracts many … Read more
Many people hesitate to invest because they do not know the correct calculation of how much to invest. By investing Rs. 15,000 monthly, you can earn a substantial amount, even up to Rs. 1 crore. This is the essence of the straightforward 15-15-15 principle, a promising path to your financial goals. Here’s how to implement … Read more
Penny Stocks Investment Tips: The number of people investing in the stock market is increasing. Investors hope to buy stocks that bring good returns. However, there is a lot of risk involved. So, what are penny stocks? Will investing in them yield good returns? Is there a risk? Let’s find out more. Penny stocks are … Read more
Many people are fond of gold, especially women, who like jewelry not only as an investment but also for its aesthetic value. In 2004, 10 grams of 24-carat gold was Rs. 4,110. By 2024, it had reached Rs. 75,000; experts estimate it may soon reach Rs. 1 lakh. The demand for gold has increased, making … Read more
Investors can choose between a Systematic Investment Plan (SIP) and a lump sum investment regarding mutual funds. Before you invest in mutual funds, it’s crucial to grasp the nuances between a Systematic Investment Plan (SIP) and a lump sum investment. Your financial goals and capacity should guide you in this decision-making process. SIP, or Systematic … Read more