Life insurance plans are made keeping you and your family in mind

Picking the right life insurance plan is key to protecting not just your financial interests but also your family’s future in your absence.

If you really think about it, everything about life is uncertain. You cannot predict if you will find the love of your life. You do not know if you will ever have a high-paying job. You cannot say if you will always be happy or healthy, or that your parents will still be around to play with their grandchildren. There are very few factors in your life that you can actually control. After all, when was the last time you accurately predicted that something good or bad was about to happen? Better yet, when was the last time you were able to avert an unfortunate event in the nick of time?

The fear that you will abruptly cease to be in the lives of your loved ones is a very real one. Apart from grappling with the emotional trauma of losing you, your family may also suffer the pangs of financial suffering. This vision can keep you awake at night, and wreak havoc with your mental peace. Continue reading “Life insurance plans are made keeping you and your family in mind”

Housing loans: The longer the payback period, the better

Up to a decade ago, most people believed in saving up to buy a house of their dreams. After most of the money for the house was collected, the shortfall would be met by borrowing from relatives or taking a housing loan from a bank. Today, however, the situation has reversed completely.

Real estate is extremely expensive in India today, and as gross incomes rise, more and more people are choosing to take home loans to fund the major part of the house purchase. Younger age groups, too, are opting to buy homes in their 20s so as to create a valuable asset for the future. Responding to the need for housing in the country’s metros, Tier II and III cities and upcoming towns, a multitude of Indian banks and financial institutions are offering home loans to suit customers’ needs. Continue reading “Housing loans: The longer the payback period, the better”

5 simple steps to learn equity trading

Just like learning any basic activity in life, it is equally important to learn the equity trading the right way. There are a few simple steps that you have to begin with, in the process of learning anything and same goes with the equity trading as well. So if you too are a new investor who is trying to learn several things before trying the hands on the various aspects of the stock market, keep on reading through the details that have been discussed in the sentences that follow. Continue reading “5 simple steps to learn equity trading”

20 Things You Need to Know and Consider Before Buying Life Insurance

It goes without saying that investing in life insurance is a big deal. Life insurance is defined as a bipartite contract between an insurance policy holder (an individual) and an insurer (an organization), where the insurer promises to pay a pre established beneficiary (often close family members like wife, children, husband, or parents) a pre decided sum of money (the benefit) in exchange for a periodically paid premium, upon the death of the insured policy holder. The policy holder typically pays a periodic premium (say monthly or yearly) or a one time lump some payment towards the insurance policy. Since it is a considerable investment, at the end of the day, no one wants to purchase the wrong insurance or pay for a plan that’s far beyond their needs.

Keeping that in mind, here are 20 tips to help you get the best insurance for your needs. Continue reading “20 Things You Need to Know and Consider Before Buying Life Insurance”

How to Read a Cash Flow Statement

Cash Flow Statement as the name suggests is the summary of cash transactions of a company during the financial year. Cash Flow Statement, popularly known as CFS is a very important document in the hands of investors who want to know the changes in cash balances of the company year after year. The Profit & Loss Statement does not give a complete picture of financial wellbeing of a company because profits are not equivalent to cash. Profits are calculated using accrual principle where as for the investor eventually what matters is the liquidity position of the business. Continue reading “How to Read a Cash Flow Statement”

Fantastic Advantages of Joining a Credit Union

Credit unions are not-for-profit, tax-exempt financial institutions or cooperatives that are owned by their members. They are created and operated for the purpose of providing a variety of financial products and services to their members, which include savings options, access to fairly priced credit, financial education, and facilities where transactions can be made at equitable cost.

Being a member of a credit union offers unique benefits that cannot be provided by other types of financial organizations like banks and microfinance institutions that derive their funding from investors, grants, and external loans.

To get you acquainted with some of these advantages, we’re providing you with a rundown of the most popular ones below. Continue reading “Fantastic Advantages of Joining a Credit Union”

How to analyse the Modern Trading Markets: 3 Key Tools and Strategies

While investors have gotten used to scaremongering in the wake of Brexit, the economy continues to struggle in the face of sustained volatility. This shows no sign of abating earlier, with corporate sentiment in the UK plummeting and the country thought to be on the verge of a recession.

British stocks and the pound sterling are also continuing to fluctuate, as while they remain higher than during the initial post-Brexit slump there is still considerable room for improvement. This demands that investors take a technical approach to the markets, as they seek to minimise risk and profit in a depreciating economy. Continue reading “How to analyse the Modern Trading Markets: 3 Key Tools and Strategies”

Financing small businesses: Tips for SMEs

If your excellent business idea is hampered by a lack of funds, these tips to raise capital will help you go a long way.

India is currently witnessing a burgeoning start-up culture that is making millionaires out of some business owners. The best ideas are not just becoming successful domestically, they are also generating huge funding from foreign investors. At the same time, several other small businesses are waiting to see the light of day owing to lack of capital. If your business is one of the latter, you need to consider these: Continue reading “Financing small businesses: Tips for SMEs”

Life Insurance – For those undesirable moments in life

One of the sad truths of life is that we all face that moment when all of it goes away. Of course, none of us are really prepared for those moments which take our breath away, in a very different way. We can however plan, if such a thing happens, when we least expect it, so that our loved ones are taken care of. While we may not be there personally in those moments of stress and need, we can at least plan in such a way that such stressful moments of life be taken care of, at least financially. Continue reading “Life Insurance – For those undesirable moments in life”

How to Read the Statement of Profit and Loss

Statement of Profit & Loss (P&L), as the name suggests, gives the summary of incomes and expenses arising during a particular financial year for a business. When the net income (i.e. income minus expenditure) is positive the company is in Profit and when the net income is negative the company is said to have incurred a Loss.

There are several types of expenses listed under the ‘Expenditure’ section of P&L Statement. When you are a beginner, you need to broadly understand the difference between these types of expenses in order to assess their impact on company’s future and present profitability. Continue reading “How to Read the Statement of Profit and Loss”

Term insurance plans review

Life is unpredictable and full of ifs and buts. It is important to keep your  family members secured in your absence. A term plan is an insurance solution that  provides financial security to your family members in case an unfortunate event of death occurs to you. A term insurance plan ensures that the entire sum assured is provided to the  nominee in case an event of death occurs to the policyholder. This Sum assured can be utilized the way your spouse/ nominee wishes to use it – pay bills, pay EMIs, pay for child’s school fees, health bills, etc Continue reading “Term insurance plans review”

5 Ways to Raise Cash for Your Business

Are you starting a business, or do you already have a business, but need more money to expand it? If you want to start a business, or already have a business and want to make improvements, there are different types of investors you can look at for your business – they include banks, angel investors, peer to peer lenders, venture capitalists and personal investors. This article will discuss these five different types of investors. Continue reading “5 Ways to Raise Cash for Your Business”

Back Away from The Bin: Why You Shouldn’t Toss That Prospectus

If you read investing articles, especially ones for mutual funds, you may run across the term prospectus. And if you’re an investor, you’ve surely gotten these in the mail. More than likely, they’ve ended up in your recycle bin before you’ve opened the first page. But is trashing the prospectus really that harmless?

It can be. Why? Because knowing how to understand prospectuses is crucial for any investor so they can make an informed decision about buying or selling a stock or other security. Let’s go over what you might expect to see inside of a prospectus. Continue reading “Back Away from The Bin: Why You Shouldn’t Toss That Prospectus”

How to Read a Balance Sheet

Balance Sheet is a summary of what the firm owes and what the firm owns. It is divided into two parts i.e. Liabilities (owes) and Assets (owns). As per the present rule of representation Liabilities are called Sources of Funds and Assets are called Application of Funds. So, let us understand the meaning of these two titles carefully. Continue reading “How to Read a Balance Sheet”

Two Reasons to Get a Working Capital Loan for Your Business

When it comes to financing a business, there are many different options for securing working capital. Some businesses operate completely based on revenue. Others get help from banks or investors. Some entrepreneurs even have enough savings to pour their own assets into their businesses until the ventures begin to turn a profit. Unfortunately, there might be instances where none of those options are workable for your business. You might have a series of customers who haven’t paid their invoices yet, leading to a temporary cash flow problem. Your business might be too young and green to attract investors or get approved for a traditional bank loan. And you might not have the savings necessary to keep your business afloat for the long-term—at least not without risking your personal financial future. Continue reading “Two Reasons to Get a Working Capital Loan for Your Business”

A Complete Guideline for Personal Loans in India

The surge in the number of Personal Loans offered by financial institutions in India can’t be overlooked. Here, we take a look at the reasons for this surge.

A Personal Loan is a debt taken from a financial institution, which must be repaid within a number of years, and at a particular rate of interest rate. The amount you receive from such a loan can be used as per your discretion, be it for home renovation, funding a vacation, or purchasing a vehicle. Keeping that in mind, the loan is only sanctioned after the verification of your income and personal documents.

Although the rate of interest is quite high, many apply for Personal Loan because it allows for a high amount to be dispensed within a short period. Add to that an uncomplicated application process and flexible repayment procedure, and you get a convenient way of getting money when you really need it. Continue reading “A Complete Guideline for Personal Loans in India”

Spread betting vs CFDs – The Differences to know

Spread betting and CFD trading has many benefits, there are many advantages added to both which are unique in its own way. Both are almost identical and can magnify returns and amplify losses too.

Spread bet permits you to speculate on the financial markets; the difference in the buying and selling if the currency difference is called bid. You are not trading the markets, you’re betting on a variety of possible result supported on the fundamental information. All spread bets have a fixed expiry or ending date.ETX Capital will guide with the options of spread betting and it is a platform for you to choose best investment as per your need. Continue reading “Spread betting vs CFDs – The Differences to know”

Some Advantages to Considering Offshore Investment

Consider the Possibilities

When making the decision to invest your hard-earned pension and retirement money, don’t sign your name blindly.  Consider the following points in your decision-making, and see why choosing to invest offshore can have definite advantages for your bottom line.

Offshore banking for expats has definite advantages that wise retirees are quick to see. As you make your decision of how to move forward with your investment, consider the position of the shareholders, the marketplace, and charitable causes, as outlined below.  Continue reading “Some Advantages to Considering Offshore Investment”

CFD Trading or Margin Lending – What Are the Key Differences

Understanding CFDs

This is known as a tradable instrument, which simulates the fluctuations of the asset underlying it. Whenever you make use of such an opportunity, there may be gains or losses according to the fluctuations of the underlying asset even if the investor never actually owes that asset. In most cases, such an investment would be a partnership or an agreement between a broker and the investor. This kind of trading is effecting significant changes in the financial instruments industry and it is well known that CFD is one of the fastest growing investment products available, although it may not be available in some countries. Continue reading “CFD Trading or Margin Lending – What Are the Key Differences”

Choosing an Accountant: What to Look for and what to Avoid

Picking the right accountant is one of the most important decisions a small business can make. In fact, according to the ICAEW, hiring an accountant can be even more important than taking on a new member of staff. Why? Because whilst a good one can save you time and help your business to grow, a bad one could end up costing you a lot of much-needed money. But with so many accountancy practices out there, selecting the right one for you, isn’t so straightforward.

In this guide I want to look at four of the most important factors you should be considering when hiring an accountant.

Continue reading “Choosing an Accountant: What to Look for and what to Avoid”

A Charity’s Guide to Gift Aid

If you have recently set up or are thinking of setting up a charity or not for profit organisation then it’s likely that you’ll rely on every penny of funding you get, whether that be from government grants, donations or through other channels. One of the ways charities and not-for-profits do this is through Gift Aid. But what is Gift Aid and how does it work.

In this short guide, I want to give an overview of what how Gift Aid works and the rules that govern how it is claimed. Continue reading “A Charity’s Guide to Gift Aid”

What are Corporate Financial Statements?

Why Do Companies Need Accounting?

The owners and managers of any business need records of monetary transactions. These records are useful to measure the amount of money invested or spent during a given period of time. Also these records inform the readers about the profit or loss resulting from the operations during a given period of time. Accounting helps in summarizing vital details that are used in planning and strategizing future course of actions for a business organization. Continue reading “What are Corporate Financial Statements?”

#IncomeKaTopUp – Plan for a better future with Exide Life Income Advantage Plan

With rising inflation every day, the annual increments which we receive are not sufficient to ensure a better future. We need to plan every day for a better tomorrow through plans which will pay a better return on our investments. That being said, understanding investments is not a cup of tea for professionals who are not from the domain of banking and financial services. Further lightening and thunders in life strike without warnings in various forms and stages. So how should we plan to move ahead in our life and ensure a stable financial future? Continue reading “#IncomeKaTopUp – Plan for a better future with Exide Life Income Advantage Plan”

Making Money and Keeping It: Using Experts To Help

It can be hard enough doing what you do for a living without having to worry about figuring out how to keep the money that you make. In the modern world, saving, investing, using retirement plans – it’s all pretty complicated, and if you’re already concentrating on just doing your own job, then the financial aspect of life can get pretty hairy. So if you want to make money and keep it, then as soon as you can, you should head to the experts for help. And these experts will come in many forms. Some are available as professionals that you can speak to in person or via digital means. Some are the authors of business books. Some financial trendsetters have blogs, podcasts, or messages that they put out in the form of advice and observation columns.

However, as your look to these experts, you do have to have your own personal definitions of risk, and you do have to watch out for popular vs. informed opinions. One positive is that the earlier you start gathering this information, the sooner you’ll get your money in order, but it does take a little bit of focus to get started on the right path. Continue reading “Making Money and Keeping It: Using Experts To Help”

How to plan for your future home?

As the saying goes, “home is where the heart is”. While professionals progress in their career endeavours, often the focus on family needs take a step back. Often, with the routine of day to day fire fighting while meeting business requirements, planning for the long term becomes difficult. Many start planning for a car immediately after joining a good job, because it helps in facilitating the travel from home to work and vice versa. However planning for a residential investment takes time due to reasons like large value of the potential investment, availability of alternative (rental, old homes, etc.) and nature of job where one needs to be mobile globally. This video really captures it beautifully. Continue reading “How to plan for your future home?”

Places Where You Must Not Use Your Debit Cards

With the cashless payment systems, there are increasing instances of fraud. Read on to know the places where you must avoid using debit cards.

Debit cards are a favouritemode of payment these days witha lot of people who do not want to carry hard cash in their wallet. Apart from being a quick and easy way to pay, other benefits of debit cards include its concept of spending what you have rather than spending on credit. Unlike credit cards, no unnecessary debt burden is created. But the dark side of improvement in thepayment technology is the rising cases of fraud. As per FICCI’s India Risk Survey 2015, India ranks #3 in the world for online banking fraud!

One of the prominent ways that debit card fraud takes place is skimming, which is essentially reading the pin and other card details like the CVV, validity, etc, with a tiny camera or reader placed inside the card machine. Since it is not possible to detect such devices, it is advisable not to use debit cards at unsafe places. Continue reading “Places Where You Must Not Use Your Debit Cards”

Loans Against Security: A Trend Analysis

Loans against security are gaining public confidence of late. Read on to find about the current trends related to this popular option in India.

Did you know that loans against shares have sharply increased to 78%, pushing retail growth to 18% year on year in November 2015? This RBI data analysis published in The Economic Times mentions that this steep rise is reflective of the burrower’s confidence in this funding option.

There are various types options that can be used as collateral for loans against securities, including demat shares, mutual funds, gold deposit certificates, Kisan Vikas Patra, National Savings Certificates, life insurance policies and more. In this type of funding, you pledge your shares for one year to raise the required burrowing sum. Continue reading “Loans Against Security: A Trend Analysis”

Loans Against Property and Other Home Loans

Can home loans be a type of loans against property? Read on for what you must know before taking a home loan and how Budget 2016 favours borrowers.

Finance Your Dream Home

First time home buyers are now eligible to get an extra tax deduction of Rs. 50,000 on home loan of up to Rs. 35 lakhs, subject to the fact that the property must not be worth more than Rs. 50 lakhs, according to the Budget 2016 released by Finance Minister Arun Jaitley, according to an article published in Hindustan Times[1] in February 2016. Buying a house of your own is no less than a lifetime achievement for some. While some people invest their lifetime savings, others opt to borrow money and pledge their future earnings. Borrowing money from a bank or NBFC could be an overwhelming procedure, especially if you are a first time buyer. Home loans are generally loans against property. The house to be bought acts as collateral. Banks and NBFCs generally finance up to 80 percent of the property value. Continue reading “Loans Against Property and Other Home Loans”

Need Money to Start your own Company? Try Taking a Personal Loan!

If you’re planning to launch a startup, you’ll need enough money to make sure that your venture is a success. Here’s how a personal loan can help you out.

Securing adequate amount of funds is perhaps the most challenging task faced by entrepreneurs. Sometimes, the plethora of options creates a paradox of choice, where one is unable to decide which source of finance would be most beneficial.

As an entrepreneur today, you can choose from a variety of funding options. Angel investors and venture capitalists are itching to invest their money in a promising new venture. And now, with the establishment of startups that lend money to other startups, entrepreneurs have a variety of funding options, each with its own set of pros and cons.

But with all the modern ways of lending, most new entrepreneurs are forgetting the traditional way of obtaining money—taking a personal loan. A personal loan can give startups the financial leverage they need to kickstart their business. Continue reading “Need Money to Start your own Company? Try Taking a Personal Loan!”