Tag: financial planning
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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, ... -
How to Plan for Retirement if started late
When is it a good time to start planning and saving for retirement? To tell you the truth, as early as possible. While some people begin as early as in their 20s, most others begin in their 30s. Have you started planning for your retirement yet? Fret not, if you haven’t! There is always away. ... -
Catastrophic Estate Planning mistakes that you must avoid
British Novelist J.K Rowling once said, “To the well-organized mind, death is but the next great adventure.” Your mind will be organized and at peace if you know what is going to happen to your hard-earned wealth/property in your absence. Planning your estate well in advance can be beneficial not just for you but also ... -
What are the Financial Documents required while meeting your Financial Advisor?
Before you meet your financial advisor, you need to understand what they actually do. Financial advisors are qualified financial professionals. They partner and work with you over the long haul to help you meet your financial goals. Preparing for your meeting with your advisor is a huge step! And, this entails keeping your financial documents ... -
Why Investing for goals is the right way of Investing?
There are a lot of questions one asks before investing. But the most important question remains- where to invest and why? A lot of people seek answers to this based on external factors such as the market value of the investment. However, that is secondary. You must first ask yourself – What goals do you ... -
How to measure and track Financial Progress in life?
When it comes to finances, you just cannot ignore quantifying and measuring – be it the profits or expenditures, or even your assets and liabilities – every penny must be accounted for. Especially, when you want to judge how far you have come financially, it is important to understand the various parameters and tools that ... -
How to monitor the activities of your Financial Advisor
A financial advisor is someone who works closely with you to help you organize your finances. They help you achieve your financial goals. They also help you save time, efforts and energy while managing your finances. They not only know what you own and owe but are also aware of your financial strengths and weaknesses. ... -
Why and When do you need a Financial Advisor?
Just how you have friends to listen to your problems and help you solve them, you have financial advisors to tell you “I am all ears” when you are hit by financial roadblocks. They not only listen to your problems but, much like good friends, help you come out of it. You may feel the ... -
How to Prepare an Annual Financial Plan – Financial Planning DIY Checklist
“He who fails to plan is planning to fail”, said Sir Winston Churchill once. This holds true even for your finances. If you don’t have a financial plan in order, you are likely to fail in your financial life. But you need not fret. For, Sir Churchill also said, “Let our advance worrying become advance ...