Category: Investing
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Government Schemes for Investing
Government-backed investment schemes have an important role in personal finance. For many families, especially first-time investors, these schemes form the foundation of their investment journey. Their biggest advantage as well as disadvantage is the long lock-in. It is difficult to pre-maturely close or withdraw from these schemes. So, they allow compounding to work quietly in…
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Safety First: The Starting Point of Any Investment
Before committing money to any investment product, the first step should always be ensuring safety. We invest to grow our money, but protecting what we already have is equally important. Losing a significant amount of money can derail our financial plans and can be difficult to recover from. Warren Buffett once said, “A long string…
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Know Your Investments
Six Things You Must Know Before Putting in Your Money in to any Investment Product Safety.Confirm credibility of the people you are dealing with & the product they are offering. Internet is filled with crooks who are trying their best to steal your money. Don’t get charmed by fancy promises, understand the product, underlying assets,…
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Understanding Inflation: Why Your Money is Shrinking Every day!
When I was in school, I had a daily allowance of ₹ 5. The bus fare to my school was ₹ 2 so after keeping aside ₹ 4 for my commute, I had ₹ 1 to buy a guava or tamarind from an old lady outside my school. That extra ₹ 1 in my hand…
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