The passing phase of recession has left many bereft of their investments in the stock exchange. While there are some who are still thinking of withdrawing their shares from the Indian economy, there are some who would like to stick till the end. But what makes it possible to decide where the share market is heading to? If you have a stake in some well known company, you are sure to get consistent returns. However, the mantra is not to make huge investments in any company. This might put your shares at stake if the market is really low. Don’t go by performances. It is largely the consistency that counts. Read More →
Your savings for retirement largely depends on three factors-how much you contribute, when do you start and what is your earning from the investment. However, it is advisable to contribute a large part of your income towards retirement benefits. In fact, the general consensus is at least 10 per cent of your income should be contributed at a minimum starting level. As you grow in income, you should increase the percentage of investment. It is therefore advisable to start early so that a substantial return is earned and you don’t have to go through the pressure of increased investments at the time of retirement. Read More →
Credit cards have become a part and parcel of our lives. Easy to shop with, it gives you the freedom to shop without thinking of cash. However, convenient it may seem handling a credit card needs much financial knowledge. There are different kinds of credit cards that have credit limits set according to the requirement of the applicant. Some of the varieties include poor credit, student credit cards, reward cards, and foreign cards. Look for credit cards that have low interest rates so that you don’t have to fish out exorbitant amount at the end of every month. Set your limits according to your earnings every month and make sure you do not cross the limit. Most importantly live within your financial means. Read More →