'Choose an equity allocation that will allow you to remain invested even if the market falls by 50 to 60 per cent.'
Customers frequently sign without reading the terms and conditions, resulting in a poor understanding of coverage, and eventually leading to partial payouts
'The PAYD model adjusts the premium based on your driving habits. If you drive less, you pay less.'
'If the borrower can't repay the loan due to lack of income or losses from speculative activities, they risk defaulting on it.' 'This could lead to the bank seizing the property.'
FDs are not advisable for long-term wealth creation as their post-inflation, post-tax returns are not very attractive.
Invest in MFs for liquidity and choice of funds. Invest in NPS for the tax benefits, tax-free rebalancing, and for earmarked savings for retirement.
'It's better to be over-insured than underinsured.' 'Ensure your home insurance includes STFI (storm, tempest, flooding, and inundation) cover for protection against monsoon rains.'
'If the portfolio growth rate is higher, take this loan. If it is lower, liquidate your investments.'
Do not keep a large portion of your long-term portfolio in FDs.
'Avoid rushing into any financial transactions or disclosing personal information.'
'Investing abroad helps mitigate currency risk for foreign-currency denominated goals, such as children's higher education and international travel.'
Customers who possess gold jewellery but are either being denied a personal loan or are being asked for a high interest rate due to their poor credit profile may consider a gold loan.
If investing in Bitcoin, adopt a three to five-year horizon and invest systematically to gain from its volatility.
While tenants can't escape the impact of rising rentals entirely, they can adopt a few strategies to reduce the impact.
If you are overweight on fixed-income instruments, go for ELSS, and vice versa.
Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.
Longer-tenure FDs generally give higher returns. Nonetheless, going for a tenure higher than two to three years is not advisable.
Find out whether the fund is equity, debt, or hybrid oriented. 'Understand the portfolio composition and whether it suits your risk appetite and horizon.'
Investors looking for a fixed-income product that is free of credit risk may invest in these bonds.
Look at the sanctioned plan to know the exact carpet area you will get and pay a law firm to conduct a thorough title check.
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