Tag: financial planning
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Tips for Dealing with Failed Investment Strategies
Failed investment strategies can be very hard to deal with, especially at an age when it is time to reap the benefits of those investments. No matter the age, failure is always disheartening and can cause an enormous financial setback. But on the other hand, it is an undeniable truth and a condition which most ... -
What Makes Bonds A Great Hedge?
With the recent coronavirus outbreak, there has been a continuous downturn in financial markets. The stocks are falling every day as the epidemic is making a stronger mark on the world. Investors are worried about the extreme negative trends in their portfolios, yet nothing can be done to prevent this situation. Dealing with such unexpected ... -
Important Characteristics of the Best Financial Advisors
As earning members of society, most people have certain financial aspirations that are linked to their personal goals. To achieve such goals, you must learn to manage your income and wealth efficiently so that it grows with time. In the initial phase of your professional life, it is easy for you to manage your taxes ... -
Important Aspects of Personal Finance in A Changing Economy
Living standards have gone up, the meaning of homes has changed to multi-storeyed castles, there is no cap on high paying jobs, and so much more to sit and think of. There is almost nothing tangible in this world that cannot be bought with money. Yet, in this changing economy, the level of satisfaction and ... -
Things You Can Learn From 1099 Forms
Many individuals have more than one source of income. The money may not necessarily come from employment but other avenues such as interest on deposits, dividends, capital gains, retirement plan distributions, freelance projects, and more. When accounting for taxes, all these sources of income need to be assessed too. Your tax liability will be determined ... -
What is Liquid Net Worth and How Can You Calculate It?
Maintaining finances involves dealing with various parameters and methods that help you gauge the true worth of a person. While it is difficult to tag things in black and white, there are a few parameters that give a fairly clear idea of how things currently are. One such parameter is the net worth of a ... -
Everything You Need to Know About Tax-loss Harvesting
If you thought you could only gain from an increase in the value of your portfolio, you may not be entirely correct. While you indeed gain when the value of the assets in your portfolio increases, you can also substantially benefit when the value of some assets decreases. This is possible by a mechanism called ... -
Four Indicators for Tracking Your Financial Goals
Handling money is tough. You need to set a budget, prioritise spending, invest wisely, set financial goals, and periodically track them. While setting financial goals might appear easy, it is very important to track these targets to ascertain how fruitful your fiscal strategies have been and if any changes are needed. Financial goals are unique ... -
Year-End Financial Planning Tips to Save Tax
One of the most distinguished traits of a human being is the ability to plan. Planning helps you to have clarity in your life. It gives you direction and provides meaning to your thoughts. Whether it is a holiday, buying a new car, or preparing for retirement, proper planning can help you reach your long-term ... -
Should Passive Funds Feature More in Your Portfolio?
Investing in mutual funds has never been as popular as it is today. With the introduction of Systematic Investment Plans or SIPs, the ease of investment has been magnified, allowing even small investors to become a part of this educated gamble. Traditionally, investing in active stocks and funds was a preferred choice, but investing in ...