It may be helpful to be aware of some common mistakes people make while approaching financial-planning. Some of them are listed below:- Don’t set measurable …
A stock market index captures the behaviour of the overall equity market. Indices are used as information sources. By looking at an index, one can know how the overall market is faring.
Taking out a mortgage when buying a home represents the largest single debt most people will ever incur. But buying a home can sometimes involve even more debt than just the mortgage.
Mortgage payments might seem very straightforward: you take out a mortgage and, each month, you pay back a fixed amount, with the payment comprised of a mix of interest payments and repayment of the principal.
If you decide to purchase a home then you need to understand what type of mortgage works best. There are two types of interest structures associated with a home mortgage: fixed or adjustable.
Have you ever made an impulse purchase that made you have buyer’s remorse as soon as you got home? Was it that you temporarily forgot about other things that needed to be paid first such as bills?
Regular savings accounts, traditionally called passbook accounts, are ideal if you plan to make frequent deposits and withdrawals. They require little or no minimum balance and allow you to withdraw money on demand.
A stock exchange is a centralized location where the shares of publicly traded companies are bought and sold. Stock exchanges differ from other exchanges because the tradable assets are limited to stocks, bonds, ETFs and Financial Derivative Instruments like Futures and Options.
Although cash and checks are very common methods of paying for goods and services, various access cards are also available.
The rule of 72 is a handy formula for figuring the number of years it takes to double the principal using compound interest. You simply divide the interest rate that the money will earn into the number 72.
Recall the rule of 72, which can be used to calculate the number of years it would take for a lump-sum investment to double. A 9 percent rate of return doubles an investment every eight years. Waiting eight years to begin saving results in the loss of one doubling.