Financial planning is a very crucial step that every breadwinner must put into his or her habit. Even big firms and organizations undertake such planning to efficiently manage their monetary resources and make it grow. Financial planning involves listing financial goals, curation of strategies to achieve these goals and avoiding debts. Therefore, a well-structured plan …
Planning for child education is one of the crucial goals of a parent investor. As the cost of tuition fees is getting higher, the earlier you plan for child education, the more convenient it will get to tackle the exorbitant fees to pursue the career dreams of your child. Once you have accumulated the corpus, …
Whether you’re a new or long-term wizard in the investment world, things may get shattered if you don’t take the right approach for every investment opportunity. As Warren Buffett said, “Risk comes from not knowing what you’re doing.” So, here are top 10 ways you can prevent any risks while taking any investment decisions to …
Saving your money for the long-term can significantly bring financial stability. But, many people make some crucial mistakes while doing it. Let’s discuss some of the most common mistakes that you’re making while trying to save money, and the steps you can take to avoid them. 1. Not Setting Financial Goals Without a clear goal …
There are various strategies existing for investors to guide them on investing in particular mutual funds, stocks or bonds etc., . One of such rules is the “100 minus age rule”, which aims to align asset allocation with an individual’s age and risk preferences. The rationale behind this rule is that as you get older, …
What is the 100 Minus Age Rule – Everything You Need to Know? Read More »
Navratri is the festival celebrated for Navdevi, also known as Nav Durga, a Hindu goddess to worship each of her forms. Interestingly, these forms can also be associated with financial planning principles. It is the occasion on which people pray to rekindle a good force that is desperately required following an entire year of hard …
Planning Your Money: The Lessons of this Navratri! Read More »
According to a recent study, retirement planning has emerged as the top priority for Indian women who invest in mutual funds. The study also revealed that women are more proactive when it comes to saving for their retirement as compared to men. The study conducted by a leading mutual fund house found that nearly 70% …
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Car prices have skyrocketed, making finding a good deal nearly impossible. However, if you must buy a new car this year, there are still a few ways to save. In 2022, the majority of buyers will pay at or above the market price for a new or used vehicle. Between November 2020 and November 2021, …
MyFinopedia don’t compete but Utilize best of its Expertise Always wanted to build wealth from small investments. MyFinopedia endeavors to understand its investor’s risk appetite with the help of which we can feed the right portfolio. Before being an investor, one is always a human being. A being who has a heart who has some …
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Avenues For Achieving Retirement Goals Different people use different types of assets in the investment process at different points of time in the retirement planning process. Here are details of a few and the way in which an individual can use them effectively. EquitiesPeople use equities in the retirement planning process to provide the necessary …
