Tag: personal finance
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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 ... -
Different Asset Classes and How to Incorporate them in your Investment Strategy
Investing is one of the most crucial financial decisions people make in their life. The world of investments is an extremely vast domain with numerous options to deal with. However, not many investors are familiar with all the asset classes that the investment market offers. Improper knowledge and experience sometimes leads them to investing in ... -
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 ... -
How Much Insurance Do You Need?
Insurance is a sensible way to infuse cash into your account for dealing with the adverse consequences of life. The agreement provides financial protection not only during your lifetime but even beyond. Buying an insurance policy can be seen as a sinecure. However, there are considerations you need to take note of before picking the ... -
5 Financial Planning Tips for a Happy and Prosperous Future
It is never too late to start planning for a better and more prosperous financial future. Financial planning doesn’t always have to be complicated. In fact, handling finances efficiently is something that everyone should know how to do. Unfortunately, this is not the case with most Americans. Financial tips that can help secure your future ... -
5 Tips for Tax-Efficient Portfolio Management
When it comes to an investment portfolio, risk and return are the two primary factors that you need to consider. However, in addition to these, another important factor that is worth considering is tax. Taxes cut into the returns that are received on your investments. So, it is imperative to pursue tax efficiency in any ... -
Tips to Improve Your Financial Literacy
In this day and age, many Americans, especially younger adults, can be classified as ‘financially illiterate’. A study conducted in the recent past states that nearly two-thirds* of Americans can’t pass a basic financial literacy test. Most of these people don’t know how to manage their finances because they were never taught how to do ... -
The Concept of Risk-Adjusted Returns and Why You Must Understand It
Market uncertainties have had a major influence on recent economic times. Investors who used forecasts and technical projections to safeguard their future now refrain from making undeviating judgments. Instead, they now rely more on strategies to encumber risks from their plans. It would be fitting to deduce that management and allocation of risk has now ... -
5 Misconceptions About Financial Planning that You Must Steer Clear Of
People have a lot of misconceptions when it comes to the world of financial planning. While some assume that they don’t need a financial planner, others feel that their income is not enough to even warrant some form of financial planning. Whatever the case may be, there is no doubt that numerous misunderstandings endure. Such ...