If you are new to the world of investing, you may have come across the term SIP or Systematic Investment Plan, which is a widely-used investment tool for mutual funds that enables investors to invest in a methodical and well-regulated way. However, is this strategy suitable for beginners who are just getting started with investing? This article will delve into the details of SIP and examine whether it is a viable investment option for novice investors. What is SIP? SIP or Systematic … [Read more...]
HAVE A MUTUAL FUND SIP? YOU MUST REVIEW IT FROM TIME TO TIME. HERE’S WHY
When we are young and single with no financial dependents or any other type of responsibilities, we have certain goals in life. These goals revolve around going on exotic vacations, owning a superfast car or bike, or the latest smartphone, etc. However, as we grow old and are exposed to certain responsibilities with growing family, these old goals are replaced. Now, an individual is more focused on providing to their family by ensuring that they own a house, educational expenses of children, … [Read more...]
ENVY YOUR RICHER FRIENDS? HERE’S HOW TO DO SOMETHING ABOUT IT
Envy –an ugly, twisted feeling we get when our friends or relatives flash their new house or phones, we have been dreaming to get our hands on or even that trip we have been eyeing for a long time. Sure, we understand that you really want to be happy for them. But it’s difficult to muster up genuine happiness on your face when life has been unfair to you by providing more to your rich friends. So, what can you do to get yourself out of that sinking feeling? We often conclude that they … [Read more...]
KEEP THESE 5 FACTORS IN MIND WHEN CHOOSING SIP FOR INVESTING
To generate wealth, you’ll need to take more effort by simply parking your savings in fixed deposits or savings account. To actually create wealth, one needs to invest in investment options that offer returns higher than the rate of inflation. For investors with low risk appetite, SIPs can be one of the best investment routes to generate wealth over a period of time. Systematic Investment Plan, also known as SIP, lets you save small, insignificant amounts regularly, that provides access to a … [Read more...]