Smart Money
Smart Money | Preparing for economic uncertainty
You cannot control the economy, but understanding how uncertainty affects your financial plan and reviewing it regularly can help you stay relevant over time
You cannot control the economy, but understanding how uncertainty affects your financial plan and reviewing it regularly can help you stay relevant over time
Professional and experienced financial advisors can help you navigate your options, and not just during a difficult market phase
Personal finance is a deep, serious topic that requires a lot of decision-making. Do not trust people to make financial decisions for you too easily
Life is full of changes, so you may need to revisit your insurance policies to ensure you are adequately covered at all times
At a time of heightened geopolitical and economic uncertainty, policymakers and market leaders shared strategies to help investors manage risk and seize emerging opportunities
Geopolitical and economic disruptions have sent financial markets in a tizzy and taken a toll on personal finances as well. Here is how to navigate the turbulence
Knowing when to sell is as important as knowing when to invest. Make an informed choice, do not let emotions dictate the decision to exit a mutual fund investment
To have a stress-free retirement, it is not enough to simply save and grow your money; you must also plan how you will withdraw funds from those savings
The belief that you have more money than you really do is ruining the lives of many families, especially when the reality is starkly opposite
Be aware, always keep some cash, stay diversified and review your financial life constantly to sleep better in the face of market swings and financial uncertainty
Health insurance is a crucial financial cushion when you need hospitalisation or face a health condition that requires treatment in a hospital
Choosing the right mutual fund requires careful evaluation of factors that determine its suitability for your investment goal
Market movements are unpredictable in the short term and follow a cycle. You can weather them over time by investing through Systematic investment plans in mutual funds
With the price of 10 grams of 24-carat gold hovering in the Rs 1.2 lakh range, there is renewed interest among investors to include the yellow metal in their portfolios
The decision to buy a house is a highly emotional one, involving factors such as aspirations, practical needs, budget and the prevailing economic cycle
Inspiration from Abraham Maslow's hierarchy of five human needs can be incorporated into the priority level of a financial plan and all its components
Predicting stock market outcomes is irrational. Don't be a victim of investment sins, because unlike biblical sins, these won't hurt your soul, but will hurt your assets
Numerous factors may trigger stock market volatility, which could result in a sharp, sudden increase or decrease in the value of your portfolio. Don't make hasty decisions about your investments
Do not sell or stop your MF investments based on worrying headlines about market falls. Learn to manage this turbulent phase instead
Mutual fund performance cannot be gauged just by the returns it earns and should be understood by how it has fared compared to its benchmark