Fixed Deposit is Best Option for Investing your Money
  • Home
  • Who We Are
  • Blog
  • Get In Touch
  • Write for US
  • Home
  • Who We Are
  • Blog
  • Get In Touch
  • Write for US

​POWERFUL INVESTMENT PLAN

4 Steps to Achieve Financial Liberty

2/27/2018

0 Comments

 
There is no shortcut on the road that leads to financial freedom. The only way to achieve financial freedom is by walking the miles on the coarse road. A simple investment strategy like investing in multiple FDs can liberate you financially faster than what you anticipated.
Besides investing in Fixed Deposits, there are a few more things you need to do:
Picture
Besides investing in Fixed Deposits, there are a few more things you need to do:
Invest in your Health: “Health investment is the best investment” whether you agree or not, it is true. Staying healthy gives you the mental and physical strength that an individual requires to indulge in activities through which they can gain monetary benefits. Plus, if you analyze the cost of living chart carefully, you’ll realize that medical expenses can put a hole in your pocket and deplete a large portion of your savings. So, it’s better to secure your health with a medical insurance when your health status is on the bright side.   
Picture
  • Understand the value of Time: One theory says, “start investing as early as you can”, while the other says, “invest when the time is right”. Whichever theory you believe in, both respect and consider time as an important factor while planning to invest. Just for an example, the shares of the banking sector is at an all-time high and they tend to remain same for next 3-4 years. Thus, it is the perfect time for people who want to purchase bank shares, but it wasn’t the same earlier. Now, considering the message in the example, there is a right time to do everything, even when it comes to investment. So, invest in the right thing at the right time and earn the highest possible return.     ​
  • Have Faith in Yourself: When you want something wholeheartedly, the whole universe conspires to make it happen, but the only condition is that you need to stay faithful to yourself and your desires. You can achieve financial freedom only if you believe in yourself until the moment you achieve financial freedom. So, believe in yourself, you can do it...      
Picture
Follow the Mantra: SAVE, SAVE, and SAVE: “Work like a slave today and live like a king tomorrow.” In order to achieve something as difficult as financial freedom, you have to make numerous sacrifices. Drop frequent travel plans, cut down your unnecessary expenses, live a very simple life to save as much as you can; and invest as little or as huge as possible in high-interest income schemes like FD. Invest whatever you save every month in fixed deposits (FDs) for a safe and profitable investment.  ​
0 Comments

Tips to Boost your Savings for Retirement

2/22/2018

0 Comments

 
When it comes to saving for retirement, no matter how well your anticipation skills are, you can never predict the right amount you should save for a comfortable retirement. So, don’t leave anything to chance, do some market research, consult people who were in the same place a few decades ago, and make an exceptional retirement savings plan.

Plus, add these tried and tested traditional retirement savings key pointers to keep it perfect.   
Picture
  • Invest in multiple investment schemes
Investing only in FD’s might get you high investment safety but that won’t yield equally higher returns. Thus, it’s always beneficial to split the investment budget and invest in multiple schemes to get higher returns. For an example, one-fourth of your investment budget can be invested in high-interest yielding schemes for a longer investment period. The rest of three-fourths of investment budget left can be invested in a mix of long-term and short-term investment plans.  
Picture
  • Always save a little more than your estimate
The cost of living will not remain the same after a decade or so when you finally retire. If you haven’t planned your retirement savings keeping this factor in mind, your savings won’t suffice to meet your expenses post-retirement. So, it’s always better to save a little more than required to meet the increased cost of living.
  • Always keep an Emergency Fund
As discussed above, the cost of living might increase with time and your retirement savings might prove insufficient. Moreover, other unforeseen expenses can occur which might put serious stress on your savings. So, to avoid exhausting your entire retirement savings towards settling these extra unforeseen expenses, you should always have an emergency fund. You can also use this emergency fund to meet pay for medical expenses exceeding your health insurance limit.
Picture
  • Secure yourself with a Health Insurance
Medical expenses are very high, especially when people grow old. If you haven’t prepared well, medical expenses post-retirement can eat up your entire budget. Thus, whether you feel the need or not, it’s better if you don’t leave anything to chance. Find a good medical insurance that covers your medical expenses pre and post-retirement.
Picture
Planning for tomorrow begins today. If you want a comfortable retirement, you have to start planning today where you can invest surplus fund for getting high returns.
0 Comments

4 Benefits of Investing with NBFCs

2/13/2018

0 Comments

 
Fixed deposit is like the God father of investments. You know you can trust FD with your money without a doubt in your head: No risk on investment, moderate returns, and available for almost everyone ready to invest. But, even the Godfather of investments can’t help you get better returns if you aren’t investing in the right place. NBFCs offer higher interest rates on FD compared to banks, and that’s where you need to invest. ​
Picture
Apart from higher returns, there are few more influencing reasons to invest with NBFC’s, read them here:

​
Higher Interest Rate: It isn’t hidden any more than NBFCs offer higher interest on FD investment compared to public and commercial banks. Some NBFCs even offer interest rate up to 8% p.a. The interest rate can be higher if you are in senior citizen category.
Picture
Flexible Tenor: Tenor flexibility is one major reason why NBFCs are better than public sector banks for FD investments. As an investor, you get to choose the maturity period of your investment, which can be in between 11 months to 60 months.
Higher Security: Most of the NBFCs are regulated by National and International regulatory bodies like ICRA and CRISIL which categorize them as safe or unsafe for investment. Renowned NBFC's like Bajaj Finserv, Tata Capital have ICRA’s MAAA and CRISIL’s FAAA ratings, which signify the highest level of safety any NBFC can offer.  
Better Customer Services: It is a well-known fact that commercial banks and financial institutions offer better customer services to keep their customers happy. Services like online application, doorstep customer services, and online account management make your life more convenient.
Read How Fixed Deposit the Best Investment Plan?
0 Comments

FD Vs Equities: Which is better

2/1/2018

0 Comments

 
​With half of the total investors opting for FD and the other half going with equity, there is a big confusion for every new investor. They always have this question: FD or equity investment, which is better? If you have the common question, here is the answer.
Picture
Return on investment: FDs offer interest gains up to 8% on investment, and the best part- the interest gain is 100 percent assured. Whereas investing in equities can get you up to 12% gains, but it’s more like gambling. If your luck fails to play by your side, you don’t even get back what you invested. ​
Picture
Tenor flexibility: Every investment requires time to ensure a decent growth and a decent profit. In case of equities, the investment period can test your patience, whereas, you can invest for a minimum of 60 days and earn interest gains.
​

Liquidity: Equities are known for higher liquidity which means you can withdraw money whenever you want. FDs are also good in terms of liquidity, but premature closure is charged with a penalty.
Picture
Market fluctuation effect: FDs remain unaffected by market fluctuations and you get the assured sum upon maturity, FD is the best option for start investing. On the other hand, with equities, you can lose a significant amount of money even with slightest market fluctuations.
0 Comments

    CATEGORY

    • Fixed Deposit
    • Fixed Deposit Interest Rate
    • Fixed Deposit Calculator

    About Author:

    Aman  is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms.

    Archives

    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017

    RSS Feed

Powered by Create your own unique website with customizable templates.