Science subjects like Physics, Chemistry, Medicine, Technology, Astronomy, etc. are quite complex and unless you have formal education in these subjects, they are difficult to comprehend.
However, same is not true for financial topics and with some interests and efforts, Doctors, Engineers, Architects and even Housewives can take charge of their money matters and lead a financially confident life.
Most Indians remain obsessed with three popular topics, namely, Politics, Bollywood and Cricket. Lot of valuable time is consumed in reading articles/blogs/news items on these three topics and equal amount of time is spent in discussing/gossiping the same with their friends. However, even if a fraction of this time is spent upon brushing-up your knowledge on money/ financial matters, it can work wonders towards improving your lifestyle as well as quality of life.
By going through financial news items and by watching business TV Channels, you can constantly update yourself with important developments and crucial financial concepts like rate of inflation, GDP growth rate, interest rate movements and ups and downs in Equity markets together with returns being generated by Stock Market over one, three, five years and on a long term basis. However, please remember that “half knowledge” is even more dangerous than “no knowledge” at all. Therefore, develop a habit of getting into meaningful conversations on financial developments with your spouse, friends, colleagues and most importantly with your expert investment adviser.
We share below few simple strategies for adopting in your life to be financially prudent.
1. Choose a Family Financial Doctor
Esta historia es de la edición October 2018 de Investors India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición October 2018 de Investors India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
5 Steps To Achieve Your Financial Goals
From a beach house, a Jaguar, to traveling the world – there are many things in life that we want to accomplish.
Microbiome: The Invisible Ecosystem Within us that Safeguards our Health
Imagine being able to heal yourself and build immunity against major diseases without relying on heavy medication. It sounds fantastic, right? Who wouldn’t want that? The key to achieving this lies in a fascinating area of research—our microbiome.
Gold ETFs: Attractive option for retail investors to take exposure to yellow metal
With the equity market experiencing volatility in August, investors are increasingly seeking to diversify their portfolios.
The Retail Revolution: How India's Stock Market Got a Makeover by the Common Man
In the annals of India’s financial history, the stock market has long been the playground of the big boys—mutual funds, insurance behemoths, and foreign portfolio investors (FPIs).
Strategies to adopt when the markets are at a high (for new and existing MF investors)
An investor must have a plan in place and, more importantly, stick to it regardless of shifting market conditions.
A Collaboration to keep Health FirstPNUT and IDA come together as One!
You reap what you sow! And if you sow health, you will reap a healthier tomorrow. Following the same lines, Personal Nutrition (PNUT) and Indian Dental Association (IDA) have come together as partners to promote complete health and nutrition for each individual! How things unfolded? Let’s explore.
Making a choice between equity and debt mutual funds for long-term goals
Mutual funds are quickly becoming a preferred investment choice for millennials.
ASK THE EXPERT
From last Financial Year, I have shifted to the new Tax Regime.
Flexi-cap Fund Vs Hybrid Fund
Investors in mutual funds can choose from equity, debt, or hybrid funds, each offering different risk and return profiles. Flexi-cap funds provide diversification across market capitalisations, while hybrid funds balance equity and debt for stable returns.
Neuroplasticity: You Can Teach An 'Old' Brain New Skill
A few decades ago, it was believed that the brain’s structure and functions were entirely dependent on genetics, age, and early childhood experiences.