We all have financial goals that we want to achieve in our life. Realising these goals can be a bit challenging taking into account present financial obligations but one can work towards such goals by adhering to a good financial plan.
Archive for month: December, 2017
The cost of education has been rising steadily at an average rate of 15% per annum.
Therefore, an education loan is vital to bridge the gap between what the student can afford and the the tution they might have to pay.
An education loan covers the following;
1) Basic Course fees
2) Related expenses such as accommodation, exam charges etc
In an education loan, the student is the main borrower and the parent is the guarantor for the loan, or they can also be the co-applicant
Starting with an essential emergency fund( cash reserve ) , then Insurances, Asset Allocation as per one’s risk profile, timely rebalancing of portfolio, Estate Planning etc. all focus on risk management along with strategies to beat inflation and generate decent returns to achieve financial goals. An important part of asset allocation includes investments in Equity, Debt Cash and Gold.. However , picking the right mix of MFs requires guidance from a professional than a novice looking for a jackpot.
Wealth creation requires skill, knowledge, time and risk taking capability. Investment through long term equity is the ideal strategy to plan for long term goals and beat inflation.