Suman Finances

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...

  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...