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Top #6 Advantages Of Investing Through Mutual Funds

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Investing in mutual funds is one of the smartest and easiest means of investment for any type of investor- a beginner or a seasoned investor. Without much ado, let’s have a look at the top 6 advantages of investing through mutual funds. Professional Expertise:  One of the primary reasons why an investor would prefer investing through mutual funds is because they are professionally managed. Just like shareholders of a company have money but lack the requisite skills to run a company, and thus hire a CEO to operate the business. Similarly, investing require skills to understand the market dynamics, various industries and the organizations falling under a certain category of industry. A mutual fund provides one with professional fund managers with industry certifications which provides them with an extra edge in the investment market. Diversification:  Just like an old proverb “Do not put all your eggs in one basket”, mutual funds work by investing in hundreds of securities and bonds
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Are You Using Your Credit Card Right?

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A credit card is a very handy financial tool. However, while using a credit card, you should exercise a lot of caution and ensure you get the maximum value out of it. Take a look at this article to know how and why you must get a credit card and the ways in which you can use it appropriately. Why should you get a credit card? There are many reasons why people opt for a credit card. Some of the main reasons why you too should consider getting one include: • Safe to use:  Many people feel it is not safe to use a credit card. The fear of fraudulent transactions taking place prevents many people from taking credit cards. However, you will be happy to know that credit card frauds are very rare these days. There are multiple layers of security that ensure you don’t come across any fake operations while using your credit card. This is an assuring reason why you should apply for a credit card right away. • Fetches you rewards:  Credit cards fetch you some of the best rewards, in
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WHEN IS THE BEST TIME TO OPT FOR A PERSONAL LOAN?

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A personal loan is a wonderful financial product that helps many people to achieve their dreams. From buying an expensive piece of art to traveling abroad for health factors, there are many reasons why people opt for such a loan. In this article, we explore the common scenarios where personal loans are availed. Take a look and you may just discover whether or not it is time for you too to take a personal loan. Best time to opt for a personal loan A personal loan is quite easily available. However, you must exercise caution and take the loan only when you actually need it. This will help you to put the money to proper use and will also keep your finances in check. Some of the common reasons for people to opt for personal loans include: Medical emergency : If you or a family member suddenly falls ill, you need to arrange for some fast funds to get the treatment done. In that case, taking a personal loan would be a good idea. You can get the loan processed quite
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In your 30s? Financial planning tips for you

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Whether it’s your retirement, marriage or child’s birth, financial planning is necessary at every stage of life. The moment you begin earning, you need to inculcate the habit of financial planning to make the sure achievement of each and every life goal. Once you reach your 30s, your financial responsibilities raise and financial planning becomes a lot more crucial. But, pure savings won’t suffice, you’d need certainly to allocate your savings for particular life goals. Below are a few financial tips for those in their 30s, which may assist in setting their finances on track. 1. Plan and Invest for your child –  The responsibility of a child generally comes in your 30s. From the beginning of your child to his/her higher education and marriage, every stage needs a good amount of corpus. With climbing expenses of higher education and living expenses, taking an education loan would seem imminent. However, this might burden your child from the beginning of his/her career and ra
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Just married? Here are five financial tips for you

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Just married? Here are five financial tips for you Below are five simple tips that all newly married people should follow in order to ensure a financially secure and stable future. 1. All cards on the table: The first thing both partners should do is disclose everything about their earnings and expenses. Tell each other your exact income, loan installments if you have one, savings, deposits, investments etc. This will help you have a clear idea of total income and total expense. 2. Budgeting: Both the partners should sit together and prepare a monthly budget. You should take into account all the necessary expenses. Start noting down all your monthly expenses so that you can know which one is necessary and which is discretionary. This will help you understand cash outflow in the household. 3. Goals: Discuss short term and long term goals with each other. Map out all your goals like buying a car, buying a flat, planning a baby, children education etc. If you have all these
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Buying health insurance for senior citizens? 5 tips for you

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Buying health insurance for senior citizens? 5 tips for you While it may be costly to buy a medical insurance scheme at a later stage, the idea of not taking an insurance is not just a choice. Here are five points to assist you to choose the most effective health insurance plan for elders.
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Location: India
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How much health insurance do you need?

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Here’s a look at how much health insurance cover you need, at what stage of life, and which kind of plan is suitable for you & why. Remember that these could change for every individual/family, depending on factors like where you live and which hospitals you are likely to go to
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