Many people continue to make predictions and hold onto the hope that nothing bad will happen to them. Though there is nothing wrong with optimism, it can occasionally get one into difficulty, particularly when it comes to one’s finances.
Risks can be divided into two categories: insurable risks and non-insurable risks. Making an emergency fund is the best way to address non-insurable risks, while life and health insurance policies are the best ways to address insurable risks.
At every stage of our lives, we continue to face risk, yet there are some necessities that must be protected against. Although it is impossible to completely eliminate risks, it is possible to reduce their negative effects on one’s financial life. Let’s look at how to financially protect agsisnt risks.
Life Risk Protect through Term Insurance
The financial planning process for an individual begins by identifying the various goals at different stages of life. To achieve them one has to be alive and keep funding them till they arrive. However, the risk of dying early exits which could derail the entire investment process. The surviving members of the family, in addition to the mental trauma, could also suffer from loss of income thereby making long term gaols vulnerable to the circumstances.
Denne historien er fra May 2023-utgaven av Investors India.
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Denne historien er fra May 2023-utgaven av Investors India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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Q. How do you view the performance of the MF industry, in general, and your fund house, in particular, during 2024?
Add Health to Your Wealth
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Market strategy for the year 2025
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Review and Rebalance Your Portfolio at the Start of 2025
At the start of 2025, investors must review their investment portfolios and bring about certain changes to prepare them for the challenges of the new year. Let us begin by reviewing the year that has gone by, and then discuss the changes you need to make to your portfolio.
An Overview on Asset Allocation
The recent sharp volatility in the stock markets has retail investors worried, especially those who put all their funds into equity and completely ignored fixed income/debt and gold.
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"The strategy behind the Tata India Innovation Fund centers on identifying companies that are driving transformative or incremental changes through innovation"
Yes, we certainly believe innovation is a powerful theme with immense potential for the coming years, and we are excited to bring it to our investors.
What is Hybrid Mutual Fund?
Hybrid Mutual Fund is a combination of more than one type of fund. While they invest in shares of companies listed on the exchange, like equity funds.
