Investing
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10 Things to Remember Before Investing for the First Time
Investing can be a powerful tool for wealth creation and securing financial stability. However, for first-time…
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Financial strategies when you are in your 20
Are you in your 20s and looking for ways to manage your finances? This article is…
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Adjusting the sails of your investment to the weather
Every time there’s a minor correction in the market, we hear the same concerns: “Markets are…
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The Importance of Growth Assets in Your Portfolio
Priya Kumar, a 40-year-old IT professional from Bengaluru, earns ₹1,50,000 monthly. Despite saving regularly, she worries…
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How to Invest in ETF in India: A Comprehensive Guide
Exchange Traded Funds (ETFs) are quickly becoming one of the most popular investment choices in India,…
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Financial Strategies When You Are In Your 30
Are you in your 30s and looking for ways to improve your financial situation? Get practical…
7 min read
Financial Strategies for People in Their 40s: How to Make the Most of Your Money?
If you're in your 40s and looking to improve your financial situation, this article is for…
4 min read
Emotions, Ego’s and Equity Markets!
How much do we love listening to this Kishore Kumar classic…,’Zindagi ka Safar hai ye kaisa…
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Equity Markets Vs. Alternative Investments: Unraveling the Mysteries of Superior Returns in India
This blog will explore and contrast investing in India's equity markets and alternative investments, with a…
4 min read
How to diversify your portfolio in today’s highly volatile market?
Diversification is the practice of spreading your investments around so that your exposure to any one…
4 min read
Investing in Mutual Funds vs. Stocks: Which is Right for You?
The world of investing can seem daunting, especially for beginners. Deciding between mutual funds vs. stocks…
3 min read
Investing Showdown: Real Estate vs. Stocks – Where to Put Your Money?
Join us as we unpack the 'Real Estate vs. Stocks' dilemma for Indian investors, guiding you…
Discover your MoneySign®
Identify the personality traits and behavioural patterns that shape your financial choices.
Frequently Asked Questions
What is financial planning?
Financial planning is the process of evaluating your current finances and making a plan to map your journey to financial well-being.
It involves looking at all aspects of your financial life - income, savings, debt, investments, etc.
The aim is to understand where you stand today financially and then chart a course to get you where you want to be in the long run.
Financial planning provides direction and structure to your finances. It helps you intentionally move toward financial wellness.
The plan equips you to prepare for expected life events like retirement as well as unexpected events.
In short, financial planning bridges your present circumstances to your desired financial future. It gives you a path to follow.
What are the benefits of working with a financial advisor?
Working with a financial advisor can provide an invaluable perspective on your current situation. With the help of a financial advisor, you can assess your finances holistically - debts, assets, income streams, and more. With this comprehensive understanding, the advisor helps craft strategies tailored to your needs.
A financial plan crafted by a qualified advisor grants you agency over your financial life. It transforms vague anxiety about the future into proactive preparation. With expert guidance, you can map out actionable steps to strengthen your finances over time.
Why is financial planning important?
Financial planning is important because it provides clarity and control over your finances.
Having a financial plan helps you:
- Understand where you stand financially today
- Map out specific steps to improve your financial situation
- Prepare for major life events like marriage, child’s education, retirement etc.
- Budget effectively and evaluate your investment portfolio
- Strategic Tax Planning & Filing
- Manage and reduce debt
- Being financially ready for emergencies
- Creating a will to preserve your legacy
In short, financial planning is essential for financial stability and peace of mind. It gives your finances direction and purpose. With proper planning, you can take charge of your money and build financial security.
