How Mutual Fund Investing Can Assist You in Times of Crisis A financial plan’s first step should be to prepare for crises. Maintaining a specific amount of money in a savings account or liquid fund may assist in weathering adverse situations. However, the emergency fund may not always be sufficient.
Personal finance is everything to do with managing your money and saving and investing. We are sharing a series of articles where we shall discuss 9 useful personal finance concepts which everyone should know and learn. In this first part, we shall understand Risk. Risk, the word itself creates a
Understanding Return The calculating return would have been easier if we had been investing exactly for one year. But that doesn’t happen in the practical world. Investment is normally done in a staggered manner and each investment is not kept for the same period of time. Withdrawal also might happen
As the classic proverb says, ’Don’t put all eggs in one basket, Investor also must diversify his/her portfolio into different asset classes. Why? The reason is very obvious – to reduce the risk. There are mainly 5 asset classes, namely; Equity, Debt, commodity, real estate, and cash. One must allocate
Emergencies come unannounced. No one can predict when it is going strike. The only thing that we can do is to prepare ourselves for any unforeseen circumstance. Having an emergency fund will help you to tide over emergencies like accidents, job loss, etc. Hence, building an emergency fund should be