Diversification can be a great area to focus on when investing. Diversification refers to keeping a basket of investments like stocks, bonds, real estate, gold, currencies, derivatives, and more. This reduces risk and offers you better exposure to the market. It is also essential to diversify inside these categories by investing in different companies and ...

Retirement is known as the golden period of your life. This is a time when you have no deadlines, meetings, pressure to grow in your career, pressure to do the best among your peers, or other similar stresses. This is usually a phase where most people like to travel, pursue hobbies, relax, spend time with ...

As you begin your 9 to 5 job, it is highly recommended that you also start working on your retirement plans. A journey where you consistently work hard to accumulate a significant corpus for your non-working years of life. Earlier, people worked hard to save until their official retirement age, usually 65 years. However, given ...

The success of your investments depends on how you keep track of and manage your investment portfolio. Maintaining equilibrium between risk and reward, diversifying your investments optimally, timing the market, knowing when to enter and exit, etc., are some ways that you can use to ensure that your portfolio fares well over time and delivers ...

You cannot leave your financial health to chance. A financially secure life requires you to create a strategically optimised financial plan that aligns with your goals. Identifying your investment goal to create a sound financial plan helps you to reach your objective faster and in a more disciplined manner. Several studies have found how using ...

Retirement planning can be an intricate process in all aspects. The place where you settle after retirement, the amount of money you would need in your retirement corpus, the impact of taxes on your retirement savings, and more, are some concerns that are likely to be on your mind when you plan for retirement. Considering ...

It helps to have everything in writing. Having a clear plan of action is one of the fundamentals of having a successful outcome. With a plan of action and an accurate view of your financial goals and expectations, not only do you ensure that you stay steady along the way, but you also keep financial ...

What is the bucket strategy? Bucket strategy was introduced in 1985 by financial planning expert, Harold Evensky. Under this approach, the retirement portfolio is divided into three accounts, which are referred to as buckets. Retirement assets are allocated to each bucket in a predetermined proportion. The risk and returns associated with each bucket are different.  ...

Every investment is driven towards the enhancement of wealth. When it comes to stocks, investors either buy stocks in the anticipation of making profits by selling the stock when its price increases or by earning dividends paid by the company as investment income. Investors who have knowledge of the types of stocks, namely growth and ...

Investing in different instruments for growing one’s wealth or for the intent of building a passive income, has become an integral part of financial planning. However, efficient money management is as important as investing itself. Choosing the right investment option at the right time is the need of the hour, but so is using the ...