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What Should You Do When the Market Falls?

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How do you feel when the market falls? Do you get worried of losing money? scared? worried? So let me make this a little better for you. Most of investors worry when the market falls, and they think of selling stocks or redeeming Mutual Funds. But the smart investor does the exact opposite and in fact purchases the funds or stocks when the market is low hence, he gets the benefit of buying units or shares at a lower price. And when market is Bullish or rises back he has make more profit compared to what he would usually make if the market did not fall. Does this interest you or make sense? Now I want to tell you about the Rupee cost average. This is specifically for SIPs Systematic Investment Plans. What is rupee cost averaging? To be able to earn high returns from the market it’s important that you buy low and sell high. The investment strategy that is deployed to overcome the challenge of timing the market is rupee cost averaging, a concept also employed by mutual fund systematic in...
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7 CRUCIAL PERSONAL FINANCE LESSONS

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  7 CRUCIAL PERSONAL FINANCE LESSONS  that I learned from my life. Save this for future reference:- Buy to impress = Less Money: Spending money to show people how much money you have is the fastest way to have less money. When you realize you don't need other's approval, You start saving more money and focus on what truly matters- your wealth-building and financial success. Average Friends = average life : We are the average of the five people we spend the most time with. We get inspired by the people around us and when we see them growing financially we get out of our comfort zone to grow like them. Marrying in money: Marrying someone with similar financial goals and values is essential. It is very difficult for a married couple to accumulate wealth if one is a spendthrift. A household divided in its financial orientation is unlikely to accumulate significant wealth. Investing = Long : Setting long- term financial objectives has been transformative for me. Instead of focusi...
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Financial Tips for Financial Stability

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  Here are some financial planning tips that can help you achieve financial stability: 1. Create a budget : Track your income and expenses to understand where your money is going. 2. Set financial goals : Short-term (e.g., saving for a vacation) and long-term (e.g., retirement). 3. Prioritize needs over wants : Distinguish between essential expenses and discretionary spending. 4. Build an emergency fund : Save 3-6 months' worth of expenses for unexpected events. 5. Invest wisely : Consider low-risk investments like mutual funds or fixed deposits. 6. Pay off high-interest debt : Focus on clearing high-interest loans or credit card balances. 7. Monitor and adjust : Regularly review your budget and financial progress. 8. Avoid impulse purchases : Think twice before making non-essential buys. 9. Take advantage of tax benefits : Utilize tax-saving instruments like PF or ELSS. 10. Seek professional advice : Consult a financial advisor for personalized guidance. Remember, financ...
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Tax Deduction of Tution Fees.

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  Tax Deduction on Tuition Fees under Section 80C Section 80 C of the Income Tax Act has provisions for tax deductions on tuition/education fees paid by a parent towards educating his/her children. Taxpayers can avail of deductions up to Rs 1.5 lakh under Section 80C with other investments also eligible for this rebate. Parents can claim the tuition fee paid by them towards their children’s education as deductions, ensuring that they save TAX even if they don’t have other tax-saving instruments. Parents can claim the actual fee paid by them in a particular financial year. Tuition Fees Eligibility for Tax Deduction under Section 80C Claimant Eligibility: Only parents or legal guardians can claim this deduction, which also extends to fees paid for adopted children. Individual Assessee: This deduction is exclusively available to individual taxpayers. Hindu Undivided Families (HUFs) and corporations are not eligible for this deduction. Number of Children: Each parent can claim this de...
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