Personal Blog | Financetopia

With the advancement in technology, people are discarding the old methods and are adopting a newer perspective towards life. This fresher perspective can be applied to every aspect of life, and one such point is fixed deposits. One can rediscover fixed deposits with a newer outlook. Some common misconceptions surround fixed deposits. It is believed that fixed deposit returns are much lower when compared to the other asset classes. This is not entirely true. The fixed deposit returns are capped, whereas other asset class returns can be more or less. It is also believed that real yields are lower for fixed deposit returns when it is adjusted to inflation. Almost all asset classes are affected by inflation, and inflation-adjusted returns are much lower. Fixed deposit investments can be spread across banks and private corporations. An individual should also look up to a mix of the tenor. Since, if one is locked up into one tenor, he/she misses other class opportunities. An individ...

Having our first salary is indeed a good feeling. Proper management and planning, in turn, can be helpful.  Thereby we can draw out the following points that we need to have our budget sorted. Having a monthly figure for our daily budget is a good practice.  In case you are drawing out some money from your side hustle. You can use this extra money in the form of investment in an FD. Moreover, fixed deposit are associated with having good bank interest rates . With raising money comes uprising demands. With our needs, we have unpaid bills. Avoid late payment and clear your debt to make life simpler. Moreover, Insurance policies are always attached to an array of benefits serving you in the time of need.  Work-Life Balance is the key to a good life. Pursuing your passions alongside your work is a viable option.   Continue Reading : Salary credited? First 5 things to do!

Retirement is such a period that involves proper planning. The people are often perplexed and juggling between savings or enrolling in an insurance plan.  Proper planning always helps Knowing yourself is essential. Be honest with yourself. It would help if you asked yourselves questions. What kind of life do I want to build post-retirement? How much Income would I need?  In the case of a salaried class or working professionals, don't forget to take the benefit of the company policy of retirement planning.  Keeping in mind the inflation rate is very important. So, we need to keep in mind and plan a strategy accordingly. Having a diverse investment portfolio is a good option. Having an fd, rd, and a five-year plan at the same time can be worthy. Introducing a habit of savings from a young age can be a useful habit. Ulip Plans: The safe and secure form of investment without much risk. The best part of that it involves the use of equity. Equity funds do ...

We all not only dream about it, but rather, it is a necessity to make oneself self-dependent.  We all focus on market rend, investment options, which is excellent and a must. Along with this, several other options need to consider: Among different investment options, fixed deposit is most durable form of investment. Firstly, health is wealth,  You must be sure that you are fit and healthy. No matter what, just don't compromise on your health. If only you are healthy, you can do other things. This is followed by having a health insurance policy.  Secondly, time management. You must note that you must manage your time wisely. With the daily core, adding a tracker for your investment is equally important Thirdly, self-confidence is so important. It would help if you were confident, sure, and firm about the decisions you take. Forty, it's ok to stretch yourself and experiment with your self. Get yourself out there and start saving. At last, self-beli...

Looking at our current trend of the economy, there are a lot of fluctuations. We cannot live without savings, though. Therefore, making a conducive choice is very important. Fixed Deposit is one of that plan which offers good return. You can expect to get good fixed deposit rates in India and better opportunities.  Some of the points that every investor should keep in mind : 1)Amount of Capital : How much is the total money you would wish to invest, save, or borrow? \ A short term or a long term investment? You need to create your portfolio and answer all these questions. 2) Learning and grooming : Equip yourself and polish your skills. Read as much as you can. Research well, talk to people, compare and undertake a survey before making a final decision.  3)Market trend: Keep a note on the stocks, bonds, shares, and other factors. Keep track of the entire direction of the market. 4) Single path: Take small steps. Don't jump and wait to see the...

Planning for retirement is tricky. However, with some research and balancing risk and safety, a good retirement plan can be made. Due to the higher interest rate for senior citizens, Bajaj fd is considered as one of the good options. Below are the steps you can take for proper retirement planning: 1. Proper Asset Allocation : There are basically three investment categories; stocks, bonds, and cash. You need to allocate your resources among them in the best possible ratio to derive maximum results. 2 . Assess Risk : Assess how much risk you can take in your investment. Different people have a 6. Maintenance of Portfoliodifferent risk appetite. 3 . The choice between Mutual Funds, ETFs, or Stocks : Invest in low-cost index stocks to achieve high profits over time. However, if you do not have sufficient knowledge of stocks then mutual funds a...

Peaceful and relaxed retirement life is a dream of most people. To achieve the best retirement life, ideally, you would like to finish your career at a sharp point. For retirement, the Fixed deposit is one of the great investment options, especially in the 60s due to the high rate of interest available for senior citizens. 4 things that you need to keep in mind when you are retiring are: 1. Make Catch-up Contribution : After retirement, you will no longer be able to contribute to your retirement account. Thus, make sure you make some extra contribution to your retirement account, especially during the last few years. 2. Calculate Social Security Benefit: Along with your retirement account, you will also have social security benefits. So, assess the amount you will receive from there and analyze whether the combined amount of your retirement account and s...

Fixed Deposits or FD is one of the most loved avenues of investment among the depositors these days. The reasons are many why people like to invest their hard-earned money in FD  is because of the attractive returns they offer, which is not guaranteed in other forms of deposits like a savings account or current account. The rate of returns on fixed deposits is higher as compared to savings or current account. Unlike mutual funds, you do not face any risk while investing your money. Below are some of the reasons which make FD an attractive investment option: 1) It is flexible, you can invest your money till you want and select the tenure as well based on your requirement. 2) It is risk-free as you don't have to face risks like other deposits, including ETFs or mutual funds where there is no guarantee of your money. 3) You can take a loan against your FD and meet your urgent require...

Investing in any scheme or deposit is not an easy task. You need to take into account their pros and cons as well. You should choose an investment option that offers high returns if you are confused between investment options like Fixed Deposits, Investment bonds, or gold bonds. You can have a look at the benefits they are offering to you and whether your investment will give you high returns or not. Among all the above-listed options choosing a fixed deposit scheme would be beneficial for you. The reason is that it offers you secured and guaranteed returns, unlike other deposit schemes which depend mainly on market fluctuations like mutual funds. The benefits of opening an FD: A fixed deposit is a scheme in which you need to invest for a specific period at a fixed rate of interest, and you earn interest on your invested amount. Senior citizens are offered a high rate of interest as compared to normal citizens. Another ...