Fee Only Financial Planners

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Interest Rates and its influence on your debt

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Debt is an important avenue which provides finance to individuals, corporates, and governments for fueling their needs like buying a home, increasing a company’s production, financing a project etc. Debt is provided by Lenders like financial institutions, banks and also by individuals, they, in turn, expect a return for lending their money. There are many types of debt channels the common ones are loans and bonds.

As said earlier lenders expect a return for lending their money, this is called interest rate. In a broader economic view, the rate of interest is determined by the demand and supply of money available in the market. Money flows into the market from different channels and there should be an onlooker to monitor and control such demand and supply, here comes the central bank i.e. RBI (Reserve Bank of India) to don the role.Read More


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SIP the new ULIP

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You get up in the morning and reading your newspaper, in some time on the way to the office and stuck in traffic and surfing random websites in office, back to home and watching TV with the family. All of the stated activity has one thing in common and that is SIP. Ads in newspapers, a billboard on the way to the office, banners on the website and TV commercial in between the soap you are watching. It’s one of the highly advertised Investment mode of a financial product (Mutual fund). Similarly, there used to be ads of ULIP in its era. None of them is a bad product, but it might be one if you go blind. You have people talking in the office, relative and even grocery shop, who’ll give you random advice on which mutual fund to purchase and start a SIP. These all are the tactics of behavioural finance by driving the numbers in front of your eyes and influence you to take an early call.Read More


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