investmentdost

Helping In Investment planning,Personal Financial Management,Empowering to take informed Decisions.

BASIC STEPS NEEDED FOR PERSONAL FINANCIAL MANAGEMENT

 


Emergency Fund

Having Sufficient Emergency Fund,Enogh To Sustain For Atleast Six Months, Easily Accessible At All Times.

 


Life Insurance

Having Sufficient Life Insurance Done, Enough To Support Lifestyle Of Family In Case Of Unfortunate Demise.


Health Insurance

Having Sufficient Health Insurance For All Members Of Family As Per Age And Job Profile.


Diversification

Having Sufficient Diversification Of Investment. Not Keeping All Eggs In One Basket.

Time

Doing Right Selection Of Investment, Avoiding Panic Or Euphoria And Being Patient, Giving time To Grow.

it involves what?

parts of financial planning

 

INSURANCE

INSURANCE PLANNING

This Includes Both Life Insurance And Health Insurance For Bothe Self And Family. As a Thumb Rule, a Person Should Be Insured For 8 to 12 Times The Yearly Earnings For The Dependents To be Comfortable.

ESTATE/PROPERTY

ESTATE PLANNING

This Includes Buying Selling Of Property, Taking Care Of Tax Implications, Will,Holdings, And Nominations.

PORTFOLIO

PORTFOLIO MANAGEMENT

It Encompasses Plan to Make a Person Financially Independent. It Will Include A Judicious Evaluation of Needs And Risk Profile To Come Up With Individual Specific Solutions.

RETIRE

RETIREMENT PLANNING

Start Early,Use Of Multiple Investment Avenues, Starting With Active/High Return  Instruments And Shifting To Concervative As The Retirement Nears.

DEBT

DEBT MANAGEMENT

Learning To Live Within Means,Doing Judicious Credit Card Management, Avoiding High Interest Loans.

TAX

TAX PLANNING

Using Right Investment For Tax Rebates, Not Waiting For End Of Financial Year To Act. Tax Planning For Next Year Should Be Done Well In Advance.

LISTEN TO

WHAT THEY SAID

ITS VERY INTERSTING TO LISTEN TO TO SOME OF THE FINANCIAL STALWARTS OF OUR TIMES, IT DOES GIVE A NEW PERSPECTIVE TO US.

Albert Einstein

COMPOUND INTEREST

“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.”

warren buffet

TO BE RICH

“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” 

Rakesh Jhunjhunwala

SUCCESS

“Be paranoid of success — never take it for granted. Realize success can be temporary and transient.”

JESSE LIVERMORE

STOCK MARKET

“They say there are two sides to everything. But there is only one side to the stock market; and it is not the bull side or the bear side, but the right side.”

SIR JOHN TEMPLETON

INVESTMENT

“The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell.”

Morgan Housel

DURATION

“How long you stay invested for will likely be the single most important factor determining how well you do at investing.”

REMEMBER

CASTLE OF MONEY IS NOT BUILT IN ONE DAY

GIVE TIME TO YOUR INVESTMENT TO GROW, BE PATIENT, LEARN, LEARN, THEN AGAIN LEARN, NO ALTERNATIVE TO LEARNING .

BLOG

What is a Mutual Fund Asset Management Company (AMC)?

Mutual Fund Asset Management Company (AMC) May be appointed/established by Mutual Fund sponsor or Trustee. The AMC looks after the day to day activity of the assets of the Mutual Funds.     Role of Mutual Fund Asset Management Company (AMC) The AMC...

What is New Fund Offer (NFO) and should you invest in it?

New Fund Offer (NFO) is used by AMC's to offer a scheme to the public for the first time.It contains details of the Mutual Fund scheme offered and in a way it can be compared to an IPO. What is  New Fund Offer (NFO) A Mutual Fund AMC uses New Fund Offer (NFO) to raise...

Pin It on Pinterest