Having a clear understanding and ability to distinguish between “What you NEED” vs. “What you WANT”, is an important step towards successful money management. You should be able to categorize your needs and wants clearly in order to use your money wisely. Needs are non-negotiable absolute requirements of your life. Wants are not necessary but […]
Debt mutual funds should be your choice of investment when looking for stable and less risky short term investment products. In earlier posts, I discussed how equity funds will work best in fulfilling your long-term goals. But what about short-term goals? Also, not every investor is willing to take the risk of unpredictability and volatility […]
The following applies to investing in shares or investing in Equity-based mutual funds We have all heard about the golden rule of investing: buy low, sell high. Just follow this simple rule and you will increase your fortune. In other words, master the art of timing the market: identify the best time to get in […]
The Importance of Budgeting Even after working so hard for your money, you never seem to have enough of it. Well, the problem is not your earning but spending. And the easy solution is Budgeting. Budgeting is simply creating a plan to spend your money. It’s a way to ensure that you don’t spend more […]
Every investor (or future investor) wants to know “How quickly will my money grow?” or “I want a certain amount of money in the next 6 years, where should I invest?” or “How long should I stay invested to double my initial investment?” But to get these answers you either have to solve complicated math […]
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