Investing
4 min read
IPO investing: Quick gains or risky lottery? Find out the true returns for investors
The allure of investing in an Initial Public Offering (IPO) in India is hard to resist,…
3 min read
What is 100 minus age asset allocation strategy?
Financial advisors often treat asset allocation as the cornerstone of any solid investment strategy. While it…
6 min read
Asset allocation : Why macroeconomics matters
While building a personal finance plan, one of the biggest decisions you’ll face is how to…
4 min read
Hedge funds vs. Mutual funds : Know the differences
Hedge funds and mutual funds might look similar at first—they both pool money from investors and…
4 min read
3 Key Features of Hedge Funds: Selective Access, High Reward, Less Transparency
Hedge funds often come wrapped in a layer of mystery. Whenever you hear the term you…
3 min read
Asset Allocation vs. Diversification: Differences and Importance
If you’ve ever explored the world of investing, you’ve likely encountered the terms asset allocation and…
5 min read
What is asset allocation? Understanding its meaning, importance, advantages, and disadvantages
Asset allocation means spreading your money across different types of investments, like stocks, bonds, gold, and…
3 min read
REITs & InvIts: SEBI Proposes Higher Mutual Fund Investment Limits in REITs & InvITs, What It Means for You
The Securities and Exchange Board of India (SEBI) has proposed a major policy shift aimed at…
5 min read
How Much Return Can You Expect from IPOs? An Average IPO Massively Underperforms Nifty 50 Returns, Shows Research
How have the IPOs historically performed for investors who bought at the offer price and held…
10 min read
How to Manage Your FDs, Loans, Equities, and Real Estate After the RBI Repo Rate Cut of 25 Bps
The Reserve Bank of India has cut the repo rate by 25 basis points once again,…
6 min read
Trump’s ‘Kind Reciprocal’ Tariffs Prove Not So Kind to Market: What Should Indian Investors Do Now?
In a move described by President Donald Trump as a “Liberation Day” for American industries, the…
4 min read
Alternative Investments to Fixed Deposits as FD Interest Rates Begin to Drop
Banks have started reducing interest rates on fixed deposits (FDs) since the Reserve Bank of India…
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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.
