Multiple financial advisors may help you get diversified views, but unless they talk to one another, you may end up having duplicate investment products across multiple portfolios, doing similar things. Sometimes, specialists help.S
Interest rates range from 9 to 10.45%, with tenures from 2 years to 10 years on Edelweiss Financial Services’ non-convertible debentures. For those seeking a fixed and regular income, NCDs are good, but most, including this one from Edelweiss, comes with some credit risk.
Debt funds look good, but stick with debt passive funds, says Lovaii Navlakhi. If you’re investing in the equity market afresh, now’s as good a time as any, says the Bengaluru-based financial planner. But with caveats.
Many banks and even financial planners advise their customers investing in fixed deposits of banks to opt for the ‘either or survivor’ clause. The problem arises when one of the joint-holder(s) dies during the tenure of the deposit, and the surviving joint-holder(s) approach the bank to liquidate the FD.
Many sector and theme funds did not perform as per expectations in 2022. Experts say that simple investments work better for consistency, That, and don't forget to build that contingency fund for emergencies. And then some more. To have a fun 2023, make sure you tie up your money matters first.
When people do not have enough cash in hand, they may choose pay later or save now and travel later options, but features like these, which provide instant gratification, are mostly not-so-healthy.
Just as the team on the field that plays consistently over the entire tournament and adapts better to the headwinds wins, the investor who builds the right plan, selects the right investments, and has the right long-term focus will achieve investment success.
Making your investments earn more the rate of inflation, and spending carefully at all times are among the factors that can keep you financially comfortable all your life.