February 16, 2017

FAITH IN MONEYMINDZ RESTORED – BOTH OF THEM SECURED FROM APPROACHING TEMPEST

MoneyMindz.com India's First Free Online / On-call Financial Advisory


MoneyMindz.com India’s First Free Online / On-call Financial Advisory

Meet Tiya:

  • Married to Sourav, has four daughters
  • House-wife
  • Maintains a grocery book and she loves to shop from all the local supermarkets to save as much as she can.

Tiya’s financial situation:

  • Shared retirement savings: Rupees 5,90,000
  • Mortgage: Rupees 2,00,000
  • Auto loans: Rupees 1,45,000

Tiya and Sourav love the fact that Sourav can afford for Tiya to stay home and raise their children. Nevertheless, it requires some careful allocation of money to make everything work. Fortunately, she loves to pursue for a good deal, hates to buy something spontaneously, and enjoys going to great lengths to knock off a rupee for household necessity.

However, there is a minor difficulty: Tiya is pregnant again. This is great news, of course, but she needs to make new adjustments to the budget. It also made Tiya thinks that maybe it is time to buy some life insurance; because if anything happens in future Sourav will be able to afford to hire a nanny or becomes homebody.

Tiya starts her research by checking out blogs she follows to see what they have done in the past. She sends Sourav off to work with questions to ask his co-workers. She is not looking for something overwhelming by a bunch of jargon. She is just looking for the basics, in plain English, so she can get the best value possible.

What should she buy?

  • Tiya doesn’t earn, but the productivity she provides for the family will be too expensive to replace like
    • childcare and transportation
    • managing the family finances
    • household chores and maintenance
  • Tiya’s husband Sourav makes enough to cover the mortgage, but his job includes a lot of overtime. Tiya wants to make sure that, in the event of her death, Sourav has the financial freedom to choose a new path in life if he feels.

Someone, one of Tiya’s relatives recommends her MoneyMindz.com, the best free financial advisory service so she checks it out. Although she is sceptical at first but their approach impresses her. She likes their advices – there is no salesperson talk getting in the way, and best of all, she is presented with cites about different insurers adjacently, exactly the way she prefers to shop.Ultimately Tiya decides to buy a 15­-year term policy for Rupees 1,500,000

She knows she could have optioned for a longer-term policy, but she backed-off because of her limited budget. The baby turns out to be another daughter naming her Antara after Sourav’s great grandmother.

For More Information:

Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Download Our MoneyMindz-Financial Freedom APP

(Or) Visit: http://www.moneymindz.com/

 

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ARE REEL LIFE CELEBRITIES AWFUL PROMOTING FINANCIAL PRODUCTS?

The product celebrity endorses apparently brings attention to the viewers or customers. That is the reason why manufacturers, retailers, and brands are inclined towards shedding millions to get celebs as the outward appearance of their product. Yet a new study shows that sometimes, the celebrity endorsement is an exceptionally bad and unpleasant idea.

If you are an insomniac or a habitual channel surfer, there are chances that you have come across a late-night infomercial that made you wondering if the product really works. A bald person suddenly grows hair by using some chemicals for two weeks. A trencherman refrain himself from food by putting on some belt and he even grows thinner within a matter of month.

It was an exuberant debut for one of our cricketing legends when an insurance company signed him for a half-marathon in the concluding part of last year. Another widely known insurance company campaigned on twitter against child labour which was supported by some eminent personalities in both cricketing and entertainment world through social media.

Getting big names for a traditional campaign had pierced a big hole in their budget but the columns in a balance sheet adjusted by shorter campaigns and popular cause. A notable life insurance company also sponsored a talent hunt program with four renowned celebrities as judge. When the executives have been asked, they simply express that the campaigning have been done for branding and people will remember many years after its closing. However, insurance, mutual funds are excessively risky to invest. Without proper advice and knowledge, it seems foolish to buy a financial product that is out of one’s reach. Normally necessary products and sometimes – luxurious items are compatible but following your favourite celebrity who is endorsing some insurance, who himself/herself does not have any idea about the product is revealing stupidity. Biscuits, chocolates, fruit drinks etc. are short-term branding but a financial product will destroy a financially illiterate fellow in long-term. We might not touch celebrities’ position and a loss can fetch us in road. So before going for these sorts of foolish ideas, think from your mind, use your grey matter and perambulate. Celebrities paid heavily for appearing in advertisements for 2-3 minutes and we are just spectators.

MoneyMindz bought you the best free financial advices and services where you can make yourself comfortable to ask questions. Let us be your celebrity in building your future.

For More Information:

Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Download Our MoneyMindz-Financial Freedom APP

(Or) Visit: http://www.moneymindz.com/

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STICK TO ONE SCHEME RATHER THAN DIVERSIFY: MUTUAL FUND ADVISORY WITH MONEYMINDZ

What is Mutual Fund?

Mutual funds are pool of money from various investors and it is an easier process than buying individual stocks and bonds. Many advisors have asked their clients to dissever their investments between large-cap, mid-cap and small-cap schemes than investing the entire sum in a multi-cap or diversified equity schemes. “Funds which are focused on specific caps have the potentiality to perform better”, as said by a mutual fund advisor based in Bangalore.

Depending upon the speculation of the fund manager, multi-cap or schemes with increased options are supposed to invest across stocks in different market capitalisation. The apportioning to each of the market-cap varies for different strategies. Some plans have fixed symmetry while some change it dynamically depending on the condition of the market.

How to invest Mutual Fund?

However, if we look the other side, a large-cap, mid-cap or small-cap scheme have to invest commonly in stocks in the specific market capitalisation. That means a scheme of large-cap would invest predominantly in large-cap stocks, while mid-cap scheme would invest mostly in mid-cap stocks.

“A person with high risk appetite can distribute the investments manually,” as quoted by a mutual fund advisor based in Bangalore. 

Let us share a real example where a person invests Rupees one lakh each for two of clients on November 6, 2014.  While one of the clients preferred to invest in multi-cap schemes, the other one decided to go with the recommendation of a mutual fund advisor splitting the investment between different funds with a focus on specific category. 

A calculation for the returns of the clients after 2 years i.e. on November 7, 2016, has been done where it have seen that the client who invested in a particular category focused scheme, earned 5 per cent more. The CAGR for the portfolio of the first client was around 7.96 per cent, whereas the portfolio of the other client returned only 1.63 per cent. 
MoneyMindz carried out this experiment and people were satisfied by investing in mutual funds, using our Free Financial Service and Advices. So contact us quickly for getting better returns by investing in Mutual Funds.

For More Information:

Give Us a Missed Call On 022 – 62116588

(Or) Download Our MoneyMindz -Expert Seller APP

(Or) Download Our MoneyMindz-Financial Freedom APP

(Or) Visit: http://www.moneymindz.com/

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