Investment

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Robo-advisory as an investment method has gained momentum in the last couple of years.

While a lot of people these days are preferring Robo-advisors for financial advice, many are still comfortable with the traditional method for seeking investment advice.

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Here are the Major Differences Between a Robo-Advisor and  Human Advisor:

Robo-Advisor:                                      

  •   Fully automated based on the answers you provide to their questionnaire
  •    Human contact is limited to Skype and email
  •    Investment services only
  •    Provides only passive management services
  •    Provides low-cost advisory services
  •    Uses advanced technology

Human Advisor:

  • Personal advice which can be customised as per an individual’s situation
  • An individual is able to seek advice personally – face-to-face or on the telephone
  • Can seek advice related to investment planning, insurance etc
  • Provides both active and passive management
  • As human advisor provides personalized services, the cost is high
  • Technology is not very advanced

Choosing a robo-advisor or a human advisor depends on the choice and convenience of an individual. If an individual is not comfortable investing in a portfolio which is assessed online, and he prefers to have some control over his investment, human advisor suits him the best.

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If an individual is looking for a low-cost investment advisory platform, he can choose to invest through roboadvisory. It is always better to weigh both your investment options depending on your investing style before investing

Experience 100% automated personalized solutions for both your insurance (Insurance Advisor) and mutual fund ( Auto Investor ) needs. Just answer a set of very simple questions, and our automated results will suggest the best portfolio that suits your needs.

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You know you wish to start finance to avoid wasting for the longer term; however you continue to have some debt to pay off

You know you wish to start finance to avoid wasting for the longer term; however, you continue to have some debt to pay off. It’s possible to require care of each at identical time?

The short answer is that affirmative; you’ll pay down debt and invest at the identical time. In some ways, this can be a private selection. If you scorn debt and sleep higher in the dark knowing that you are paying it off as quickly as doable, that is fine. However if you’ll tolerate paying off debt at a slower rate and finance some cash, you’ll find yourself prior to the sport financially over the long-run.

Here are some things to consider when deciding how much to invest and how much debt to pay off

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 Minimum Payments initial, Then Invest:

While it’s definitely possible to pay down debt and invest at an identical time, it’s ne’er an honest plan to speculate if you cannot build your minimum payments initial. If you do not build minimum payments, you will be on the hook for higher interest, late fees, and penalties. to not mention that your credit score can take an enormous hit. take into account finance your cash as long as you recognize you’ll set cash aside and still build a minimum of the minimum payments on the debt.

Tackle the High-Interest Debt:

If your debt is affianced in credit cards and different things that go together with high-interest rates, you’ll need to carry off on finance till that is in check. Credit cards have interest rates within the double digits, associate degreed you are unlikely to come up with an investment come back that outpaces that. Once that high-interest debt is all the way down to zero, then finance becomes rather more possible.

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Look into cheap Mutual Funds and ETFs:

If most of your debt is affianced in low-interest things like student loans or mortgages, it’s okay to line aside from some cash to speculate on things that may generate an honest come back. In fact, there are several monetary planners that argue against paying off low-interest loans early if market returns are over interest rates. Over time, stocks have averaged returns of regarding seven-membered, that is way over interest rates lately. to urge this kind of come back, take into account watching mutual funds and exchange-traded funds that have low fees and are designed to track the performance of the securities market.

Realize Investments That Trade while not a Commission:

If you are attempting to speculate and pay down debt at the identical time, there is a sensible probability you’ll solely be ready to invest a bit at a time. that is okay, however, it is vital to bear in mind of the fees and commissions you pay on every occasion you get and sell.

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Alter the maximum amount as much possible:

Finding the balance between finance and paying off debt needs some discipline. If you’ve got some debt, however, are considering finance, confirm ahead what your ideal balance is. Then, started automatic monthly transfers of cash into an associate degree investment account, and alter your bills likewise. If you get extra cash or a raise, take into account tweaking the balance consequently. once you alter, it takes the estimation out, permits you to remain consistent, and makes it easier to try and do different monetary coming up with.

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If you are looking to create major money strides in 2018, begin by ditching these expensive habits.

If you wish to urge wealthy in 2018, attempt taking a recommendation from people who have already done it. There area unit sure wealth-building habits that triple-crown individuals swear by.

If you are looking to create major money strides in 2018, begin by ditching these expensive habits.

Creating late payments

There’s additional to late payments than merely paying a fee. Missing payments can even lower your credit score, that affects your ability to borrow cash for larger purchases, sort of a home or automobile within the close to future.

For expenses that cannot be paid online, like rent, created calendar reminders and pay them at a similar time every month thus it becomes routine.

Paying the minimum on your Credit card balance

Most credit cards solely need you to pay 1% to 3%  of your balance every month. Paying the minimum may be a tempting choice, particularly if your budget is tight, however, it’ll value you a fortune in interest at the end of the day.

In 2018, get into the habit of constructing payments fully.

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Going while not a savings goal

The money will not simply seem. If you wish to save lots of additional, you have got to possess a transparent goal and so set a particular set up so as to realize it.

Start by crucial specifically what major purchases you hope are going to be in your future, sort of a home, automobile or education for your children. Next, confirm what quantity you wish to save lots of for them and for a way long.

Finally, created a continual automatic transfer from your checking account to your bank account to confirm you may keep per your savings.

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Disbursement the maximum amount as you earn, or more

If you are disbursement the maximum amount as, or over, you are earning, you are living check to check, which might simply spiral into Credit card debt. That style makes it nearly not possible to create up important savings.

Ignoring insurance

It’s smart to be optimistic, however, you furthermore may be accountable and set up for the worst. only one accident will wipe out your savings.

Do you have incapacity insurance? What concerning renter’s insurance or homeowner’s insurance?

If not, add it to your 2018 star list.

Adopt these habits in your 20s to be additional triple-crown in your 30s Adopt these habits in your 20s to be additional triple-crown in your 30s

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financial advisory

You need to save money in order to have money, you need to invest money to have a pool of money. It is important to make a good amount of money so as to achieve the freedom to do what you really want to do in your life. Since the year has just ended and it’s a celebration time to welcome 2018 and also the apt time for you to set up some realistic financial resolutions.  Let us look at some interesting points to ponder in order to successfully set your financial resolutions

Start with the Review of your Last year’s Financial Performance:

First thing you need to do is to introspect and do some self-analysis by asking the below questions:

  • Did you achieve your financial objectives set during the last year?
  • Did you incur any expenses which were unexpected?
  • Did you pay your EMIs and credit card payments in time?
  • What is the return you made on your investments; did you surpass your target?
  • Did you have an extra cash lying dud?
  • Did you touch your emergency fund, rather did you create one?
  • Did you borrow money and for what purpose? 

After this Self-Analysis, Following Are Some of The Financial Resolutions You Can Make For 2018:-

Plan & Control your Budge Budget is one of the most important step for controlling your finances, you need to track your spending habits well. What following a budget does to you is it makes very easy for you to change your financial patterns and habits and help you understand things which you have to change. 

Improve your Credit rating: Having a good credit rating is always important and a sign of a healthy financial life. Keep checking your credit score to constantly improve the same, in case its needed.

Plan to reduce your debt: Nobody wants a loan on their head, especially salaried class people who does everything to pay off their home loans on every raise or money they get. Ideally don’t take home loans to be a bad debt as without that many wouldn’t have bought their houses/flats. But yes, do a proper cost benefit analysis before paying out your home loans as now a day’s interest rate is around 8.35%, so as long as you can make more returns than this via alternate investments options like mutual funds etc. then you can plan accordingly. But yes, if you have a loan say personal or a car loan at a much higher rate, then it makes every sense to pay off that loan ASAP.

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Imagine ne'er having to scramble to pay a giant bill, whether or not it's vacation expenses, a automobile repair or your property taxes

Let’s face the grim truth: Those ten pounds you wish to lose can seemingly be among your legal holiday resolutions next year, too.

If you actually desire a sense of accomplishment, beware of cash tasks that do not need current discipline which you usually haven’t got to repeat per annum. a number of these square measure “one and done,” whereas others you will have to be compelled to come back as your life changes, however all can offer you a way of progress toward your money goals.

Consolidate retirement accounts:

Consolidating makes it easier to observe your investments and might prevent cash. Investment selections in 401(k)s generally value considerably but those accessible outside the plans and lots of large-company 401(k)s provide dirt-cheap funds not accessible to retail investors.

Not everybody wants insurance, however, if you are doing, you seemingly would like tons of it. If anyone else depends on your cheque or your child-rearing services, you would like to calculate your future obligations and calculate your current resources to check what quantity insurance to shop for. insurance calculators will assist you to refine the numbers.

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Created savings buckets:

Imagine never having to scramble to pay a giant bill, whether or not it’s vacation expenses, an automobile repair or your property taxes. that is doable after you created savings accounts dedicated to specific prices. on-line banks generally permit you to line up multiple accounts at no further value. for every goal, comprehend what quantity you’ll have to pay the bill once it’s due, and divide by the of paychecks you will get between currently then.

FInance your student loans:

If you’ve got sensible credit, you will be able to lower the interest rates on your education debt. Refinancing to a lower rate is just about a no-brainer after you have non-public student loans. With federal student loans, you would be abandoning some pretty vital protections, like income-based reimbursement plans and additional generous forbearance and delay choices. that will be a bet price taking if you’ve got a solid job and might pay off the debt quickly.

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Check your beneficiaries:

You typically have to be compelled to name beneficiaries after you open retirement accounts and obtain insurance, however you furthermore may have named them for a bank or alternative money accounts. Some states permit you to designate “transfer on death” beneficiaries for vehicles and even assets.

The individuals you name in most cases can get the money, even though you have since single or named someone else in your can or inter vivos trust. you’ll check and alter several money beneficiary designations online. assistance legal website Nolo has data concerning naming, dynamic and revoking beneficiaries for cars and houses.

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You can claim tax break underneath section 80G for donations created to trusts and approved charitable establishments

It’s that point of year once more. a number of US can get nice gifts, whereas others can get lumps of coal.

There is no larger joy than the enjoyment of giving. And as Christmas and twelvemonth celebrations spring and colour, however concerning ending the year on a philanthropic note?

You can claim tax break underneath section 80G for donations created to trusts and approved charitable establishments. All you would like to try to do is submit a receipt for the payment you have got done to those establishments to say the tax break.

Save Tax underneath Section 80C, Section 80CCC, Section 80CCD:

To promote the culture of savings and to direct the savings of the soul into the rightful resources, the govt. permits sure deductions provided the quantity saved is invested with within the Instruments as given Section 80CCC Section 80CCD.

The maximum combined deduction allowed underneath these three sections is Rs. 1,50,000. If you’ve done correct tax designing throughout the year, you’ll claim these deductions to avoid wasting tax by finance underneath any of those sections alone or together, however, the whole deduction allowed would be restricted to Rs. 1,50,000 only.

Save Tax underneath Section 80D, Section 80DD, Section 80DDB:

The revenue enhancement Act conjointly permits for deductions to save tax if the expenditure has been created by the payer for ensuring his own health or the health of his relatives. the completely different quantity of deductions area unit allowed underneath every one of those sections that facilitate in tax saving counting on the sort of policy that is as follows:-

Tax designing through home equity loan:

If you have got taken a home equity loan, you’re allowed to say deduction for compensation of principal quantity of home equity loan u/s 80C
Moreover, you’re conjointly allowed to say deduction of interest paid on the home equity loan underneath section twenty-four. the most deduction allowed in some cases is Rs. 2,00,000 and in some cases, there’s no most limit of claiming this deduction for payment of interest on home equity loan.

Save Tax on Education Loan u/s 80E:

If a payer has taken Associate in Nursing education loan for the upper education of himself or partner or kids or the coed of whom he’s the trustee, he will claim deduction underneath Section 80E and save taxes.
This deduction is barely allowed for the compensation of interest and not for the compensation of principal quantity of education loan. there’s no most limit for claiming deduction underneath section for the compensation of interest on education loan. Deduction underneath Section 80E is barely offered for Individual taxpayers.

Tax designing underneath Section 80CCG: RGESS

A payer having an annual financial gain of but Rs. 12 Lakhs p.a. is allowed an extra deduction underneath Section 80CCG for finance in Shares of given corporations and given Mutual Funds. This Deduction is named the Rajiv Gandhi Equity Saving theme.

Tax designing of future Capital Gains

If any future financial gain is arising to a payer from the sale of any future Capital plus, he will claim exemption from paying such financial gain Tax if he invests the quantity of gain from sale of property in given instruments. Any plus is taken into account as an extended Term Capital plus if that plus was command by the payer for over three years.

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Boosting your savings is essential to make more cash to speculate.

Your initiative towards sure-fire investment starts with taking stock of your finances. you ought to 1st apprehend your financial gain, expenses, liabilities, savings. Sure, you recognize of these things mistily, however that’s not enough. you ought to be completely clear concerning of these things.

Boosting your savings is essential to make more cash to speculate. that’s why you ought to closely examine your expenses, particularly discretionary expenses, and find out however you’ll block on them.

Similarly, you ought to conjointly closely examine your liabilities to work out the value concerned in mating them. as an example, if you’ve got an enormous  Credit outstanding, you ought to 1st clear that off. this can be as a result of it does not be to pay 40% interest on Credit and earning 12% returns on your investments.

First, obtain a health protect you and family. Two, obtain a term life assurance cowl if you’ve got monetary dependents. Three, produce a contingency fund that may cowl your expenses of a minimum of six months. These steps can make sure that no unforeseen events can derail your investment plans.

Next, try and ascertain answers to those queries:

  • What square measure your monetary goals?
  • what’s your investment horizon?
  • What quite investments must you make?
  • what quantity cash must you invest?

Don’t try and be evasive whereas respondent these queries. If you do not clearly spell out varied goals and the way a lot of cash you’d need, you’re unlikely to realize them. this {can be} as a result of a forgotten goal can have a cascading impact on your alternative investment programme. Similarly, it’s conjointly terribly crucial to urge the investment horizon and instruments right.

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Health insurance has to be renewed at the end of every policy year to enjoy continuous coverage.

Health insurance policy offers coverage for medical expenses incurred by the insured member throughout a policy year. looking for the kind of health cowl one opts for, the medical expenses will embrace hospitalization prices, day-care procedures, lodging hospitalization, pre and post-hospitalization prices, etc. Their area unit varied add-ons or riders that may be hooked up to a regular insurance policy to urge all-around coverage.

Health Insurance Renewal:

Health insurance has got to be revived at the top of each policy year to get pleasure from continuous coverage. insurance will be purchased online through the insurer’s web site or offline through an associate agent. Similarly, insurance renewal will be done online through the insurer’s web site or offline at the closest branch workplace of the nondepository financial institution
3 things to think about at the time of insurance renewal

Although insurance renewal may be a easy and simple method, particularly once done online, there area unit few things to stay in mind before restorative the present policy

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Review the renewal terms:

Policyholders are sent a renewal reminder by the nondepository financial institution  45 days before the renewal date. The reminder email can contain policy details like the add assured, variety and kinds of claims created, and no-claim bonus. Policyholders should be diligent and keep the nondepository financial institution abreast of if there’s any discrepancy within the policy details per the reminder mail

Before restorative, inspect alternative choices:

Before restorative, inspect alternative choices: Porting a policy from one insurer to another is an option when the policyholder is dissatisfied with the existing insurer either due to higher premium costs and sub-limits or lower benefits. a bonus of insurance movability is that the client won’t lose out on the policy advantages like waiting amount and No-Claim Bonus once transferring it from one insurance underwriter to consecutive

Assess insurance needs:

With the steady rise in aid prices, the associate existing policy won’t provide a decent sum of money. that’s why it’s necessary to assess gift and future insurance wants. looking for the wants, opt for the next add insured or add a rider to the quality base policy.

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Systematic Investment Plans (SIPs) aren't magic

Systematic Investment Plans (SIPs) aren’t magic. Their superiority to payment investments isn’t a matter of chance or perhaps psychological science however associates absolute law.

What this implies is that, most of the time, beneath most circumstances, over a sufficiently long amount of your time, SIPs can do higher.

To understand this, one simply has got to review what a SIP is and what it will. SIP could be a regular investment during a fund of a hard and fast quantity at a hard and fast frequency, usually monthly. SIPs showing neatness solve the 2 main issues that stop investors from obtaining the most effective attainable returns from mutual funds.

Firstly,

since SIPs mean finance with a hard and fast add often in spite of the NAV or market level, investors mechanically get a lot of units once the markets area unit low. This ends up in a lower average worth, that interprets to higher returns. If you invest an outsized add at one go, you’ll find yourself catching a division of the equity markets. this is able to mean that you just have endowed at a high NAV which would cut back your gains if the market falls. associate SIP could be a great way to speculate at a median worth over a amount.

Secondly,

SIPs also are an excellent psychological facilitate whereas finance. Investors inevitably try and time the market. once the market falls, they sell and stop finance. once it rises, they invest a lot of. this can be the other of what ought to be done. associate SIP puts associate finish to all or any this by automating the method of finance often. It eliminates the mental load of deciding once to speculate and results in higher returns.

It’s clear from the primary purpose on top of that whereas a payment investment may catch a division within the market, it may additionally coincidentally catch an occasional purpose. this is able to build it superior to SIPs.

During a usually ascending market, of the type from 2003 to 2008 or the type we’ve for the past one year, SIPs area unit nearly always higher for periods over a year about. during a drifting equity market, this can be not invariably true.

However, investors ought to additionally see that the second purpose on top of, regarding psychological science, is that the one that offers SIPs abundant of their worth

 

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