Tag: financial planning
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Importance of Focus for A Successful Financial Life
Focus is elementary in all aspects of life. Whether it is education, relationships, work, or finances, being focused is necessary and irreplaceable for achieving the desired results. It is no secret that motivated and purposeful investors are more likely to attain financial freedom in life. However, people tend to sometimes deviate from the right financial ... -
Helping Aging Parents with their Money
Among several other responsibilities that you must fulfil for your parents, one of the most essential ones is to help them manage their money. Not because they are not wise enough to make their own decisions, but because they might need help adjusting to the changing financial planning scenario. Unlike the former years when your ... -
Modern Aspects of Financial Planning in The New Digital Economy
In this digital age, economies all over the world are being digitally fueled. The new digital economy is a dynamic, global network system of economic activities, commercial dealings and digitally-improved interactions. With the advent of big data, artificial intelligence (AI), automated computing, robotic automation and more, economies are not only smart but also agile and ... -
Common Financial Planning Mistakes and How to Fix Them
The first step towards achieving financial security in life is to make and follow a sound financial plan. Financial planning is critical towards amassing enough wealth to lead a comfortable life. However, even with a good plan in place, there are many pitfalls that need to be avoided at all times. Unnecessary mistakes in financial ... -
5 Reasons Why Market Timing is Controversial
A lot of investors consider the market to be their ally, while others think of it critically. Market timing is one concept that has led to the emergence of two different schools of thought that are pro-market and anti-market. While the controversy lies right in the perspective that investors have for financial markets, the investors ... -
Impact of Your Risk Profile on Investments
A lot of factors mark their active presence in decision making while investing. For example, the return profile of the target investment, past trends, dividend pay-out, market rapport, etc, all play an important role in investing. While most of these factors are related to investment instruments, the one major factor that depends on the investor’s ... -
The Importance of Dividends on Investments
Dividends are a company’s way of sharing their profits with investors who stay put with their investments over a considerable period of time. Dividends are a reliable source of income for many investors and are offered by various instruments like bonds, stocks, mutual funds, and other securities. They also hold a special place in an ... -
Understanding the Spectrum of Risk Tolerance in Portfolio Management
Risk tolerance refers to the amount of market fluctuations that can be endured by your investment and assets within a portfolio. The investment can relate to retirement funding, trading, share market, or equity funds. Risk is an important aspect of financial management and many investors see it as a potential chance to increase their funds ... -
The Importance of Knowing Your Financial ‘Why’
Do you have a ‘Why’ to live for? A ‘Why’ brings a purpose to your life, and is a pre-cursor for ‘How’ to live. It makes your goals more achievable and real. People go to college for an education that can get them a good job, they eat more vegetables to maintain good health, they ... -
Determining Risk and Understanding the Risk Pyramid
The idea of any investment being risk-free is nothing but a farce. The degree can vary from one investment to another, but risk in investment is omnipresent. There also exists a popular concept of risk-reward, which follows the simple principle; ‘the higher the risk, the higher is the reward at the end’. But not many ...