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Transform Yourself Into Your Own Wealth Manager

In the 40s, as people typically start reaching their pinnacles in their work and financial lives, approach many life goals. Their comes a need for their personal finances to transition and adapt to their changing needs. Thus, this calls for a more hands on approach to managing your finances and once you try to become your family’s wealth manager.

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Common Retirement Planning Mistakes to Avoid

In your 50s, during the countdown years to your retirement, it is important for your retirement planning to stay the course. Yet, it is also at this crucial stage of life, that people often unknowingly make mistakes that often have lifelong financial implications. It is important to be aware of these common mistakes and that can cause a slip between the cup and the lip for retirement.

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Why It Is Never Too Late To Get Started To Secure Your Future

The script of life with its unanticipated twists and turns does not allow everyone an early start for major financial goals like children’s higher education and retirement. Think of a late start to work life due to academic super specialisation, a career change, and financially dependent younger siblings. However, a late start need not be an enduring disadvantage, and you can easily consign it to being a footnote in your financial history.

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Are You Making The Right Moves In The Countdown Years To Retirement?

Whether at the salon or the final touch up before the mirror, what thoughts race in your mind when you notice white hair? No matter what you do with your hair, to be retirement ready on time, you need to make efforts, more so in the last decade to retirement.

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Hidden Risks of “Low Risk” Investments

On May 23, 2024, the value of stocks on the National Stock Exchange (NSE) or its market capitalisation, touched the landmark of $5 trillion* (about Rs 4.19 lakh crore). Now, juxtapose this landmark for one of world’s top stock markets with latest Reserve Bank of India (RBI) household savings data, released in September 2023. It indicates that in March 2021, bank deposits were 47.63%** of total financial assets and were the most popular financial savings option, not equities.

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Is SIP adequate for wealth creation?

If you aspire to be wealthy, then you must have a plan in place. A smart investor like Warren Buffett invested in stocks and let his money compound over decades, emerging as one of the wealthiest men on the earth. “I always knew I was going to be rich. I don't think I ever doubted it for a minute,” Buffett said.

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