Tag: Finance
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Key Strategies for Investing During a Recession
Recession is defined as a prolonged period of decline in economic activity. Typically, if the economy suffers from two consecutive quarters of negative gross domestic product or GDP, it is considered to be in recession. As per businessman and financial commentator, Jim Rogers, recession is an unavoidable part of the market, and hits the economy ... -
Robo-Advisors vs. Financial Advisors: Which option is the best for you?
Artificial Intelligence or AI has taken the world by a storm. Going by the recent trends in technology and human acceptance and dependence on it, the time when robots completely and automatically devise financial plans is not too far away. British physicist, Stephen Hawking, once said, “The development of full artificial intelligence could spell the ... -
The Ultimate Guide on How to Craft a Retirement Income Plan
Contrary to popular belief, an income is not just limited to your pre-retirement days. It is also an essential part of your life post retirement. You spend all your life, saving your money in different types of retirement accounts and schemes. Every account or investment has a different rate of interest, maturity period, tax benefit, ... -
Surprising Money Statistics That You Need to Know
People spend their entire lives in the constant endeavor of building wealth. Money drives the world. It is, thus, necessary to have a sound understanding of the methods to earn and invest money. Moreover, there are also some other surprising money statistics that you should always know and keep a tab on. The more you ... -
Importance of Balancing Frugality with Minimalism
When it comes to spending, there are two kinds of people – minimalistic and frugal. Even though minimalism and frugality are different, they tend to intertwine now and then. Normally people tend to be frugal in their youth and turn to minimalism in later stages of life. Some try to balance the two together. Either ... -
Avoid these 6 Wealth Creation Mistakes while Building Wealth
We are all in the continuous pursuit of creating and building wealth. The key to building wealth and preserving it is to plan before you act and back your decisions with solid research. Despite knowing the right thing to do, why do some people get there faster and are able to build a reserve for ... -
Wealth Creation v/s Wealth Preservation
Having a sound financial plan that reaps benefits in the long run is essential for every household. Generally, financial planning includes two broad aspects – wealth creation and wealth preservation. Most people spend their lives engrossed in the continuous process of wealth accumulation and tend to ignore the importance of preserving that wealth. However, to ... -
How to Get Entirely Tax-Free Retirement Income
Retirement planning in itself is a task that is dreaded by many. It is not just about making a decision; it is also about financially planning for it. The goal is to save as much as you can. And while you are at it, getting tax-free retirement income tops the priority chart. There is an ... -
The Complete Guide on Financial Planning for Couples
Being in a relationship can be rewarding and yet challenging in many ways. As a couple, you decide to share the burden of emotional, physical, and financial high and lows. Managing your finances – individually or jointly can be a task. You and your partner may have differing views. This is why financial planning for ... -
5 Dangers of Over-Diversifying your Portfolio
5 Dangers of Over-Diversifying your Portfolio One of the most common portfolio management tips given to clients is to ‘diversify’! If the execution is correct, diversification can reap many benefits for you, but going overboard with diversification can lead to complications, increased risks and, lower returns. Popular American money manager, Peter Lynch, in his book, ...