3 Financial Planning Mistakes People Should Avoid

Financial planning generally comes into the scenario when people find themselves falling short in meeting expenses or struggling to achieve one or many money goals. What financial planning involves is, carefully assessing earnings, expenditures, and coming at a spending equation that matches the two.As one adds their future financial objectives into this, they must include savings and investments into their equation. The truth is, financial planning tends to get tricky at times. Multiple nuances can come up in one's equation and they need to stay careful. Falling prey to the common traps can be devastating for any investor.

This article has discussed 3 such financial planning mistakes that need to be avoided at any cost. Readers will find them very useful to their cause.

Assuming every plan is achievable

The financial planning process involves writing down the different financial goals such as educational expenses, buying a house, car, and other ones. After listing the goals, values need to be assigned. This is where it gets tricky. Income, whether through investments or salary, is bound to be limited.

Financial values attached to one's goals may surpass their ability to afford every goal at the same time. And in this case, either of the two things can be done – either reduce the value assigned to every goal or simply, reduce the number of goals. Mutual Fund Investments are one of the best kinds that will suit long-term planning.

Planning without budgeting

A person may have listed their future financial goals and earmarked regular investments needed to achieve these goals. But, after the end of the month, they find that expenses have gone overboard and thus, withdraw from their investments. This is where budgeting is needed.

It means planning the expenses in a way that they can not only afford them within their income but can also engage in investments for their future financial goals without disturbing the existing ones. Like for instance, if someone's credit card expenses are rising every month, its high time they start keeping a check on their shopping activities.

Truth be told, a financial plan will suffer unless there is a budget for daily expenses. Even if an investor puts his money in the best scheme, mutual funds, they are at risk, if they are devoid of budget.

No reviews

It is important to review the plans. Frequently reviewing plans may not be needed as just a yearly one will do the job. Financial values assigned to plans can change periodically because of external costs. Also, an investor's income and expense dynamic may also witness a change because of promotion or high inflation.

And therefore, every future financial plan must be reviewed in light of such changes. And without periodic review, one may find when the time comes to use their fund for the planned expenditure, they can severely fall short. Financial planning is certainly not a one-time affair or about creating a simple to-do list. One can visit the top financial experts like Wealthclock Advisors to know about the best financial planning ways.

How is Working With a Financial Planner Beneficial?

If your investment portfolio is expanding and your finances are going well, you may wonder do you really need the help of a comprehensive financial planner? Well, these experts charge considerably for their services and thereby, you can save a good chunk of money by managing your wealth on your own. But having said that, the truth is, it is not easy at all!

The process involves a lot of complicated steps and thus, this brings the need for a financial planner once more in the question. Do you really need them? Although their services cost money, the advice you get from these professional experts can be worth your money spent! When you are not hiring the services of a financial planner, there are numerous services you are missing out that you may be unaware of. 

Check out this blog and know about them. 

1. A change in your financial behavior

As per experts, the behavioral aspect of financial planning is a lot more crucial than you might think. Everyone knows about how investing regularly and thinking long-term will help them. But where they truly lack is the time and resources to develop the right strategies that will bring them considerable financial success. 

2. Have someone to hold you accountable

Hiring a financial planner is often compared to hiring a personal trainer. A personal trainer holds you accountable to your fitness goals. The same goes for financial planners. They will hold you accountable for accomplishing your financial goals. If you have tried to reach your fitness goal you surely know how hard it can be to get up early and get dressed and visit the gym.  

But if there is someone waiting for you there, it makes things a lot easier. This level of accountability will make all the difference and the same applies to financial investment. Right Funds to invest now in India are one of the finest options available. And to weave them into your financial planning beautifully, visit top financial experts. 

3. Save more time

It takes a lot of time to manage your own investment portfolio. And this is where most investors fail! Successful investing involves a lot of steps like mapping a comprehensive financial plan, regularly rebalancing your investments, figuring out strategies to reduce your tax bill, and developing a realistic list of short-term and long-term goals.  

Sounds complicated? Well, to achieve the success you need to execute them perfectly. So, get in touch with professional financial planners and hire their services. You can also get the best Systematic investment plan online Service in return too!

How Can People Avoid Going Bankrupt?

Over time, we have seen so many wealthy people in the nation go bankrupt, or at least lose a considerable portion of their wealth. There are various known examples of sports celebrities and movie stars going bankrupt across the world. Such types of stories are not limited to just famous people.  

We have seen the common middle-class men suffering as well. So whether rich or the middle-class, this is perhaps one of the most devastating experiences to go through, especially when you have worked hard all your life to reach to acquire this status, and then see all your monetary achievements disappear slowly. Something like this can really be termed as a catastrophe. 

This blog will now present some ways to prevent this. 

Some steps that may prevent such catastrophic wealth collapse

• Stop buying things on a whim

One of the most common reasons for this state of financial health is the habit of making whimsical financial decisions. It can be an asset or maybe an over-aggressive business plan. Do take time while deciding. Discuss with actual financial experts like Wealthclock Advisors before committing to any large financial commitment. 

If you analyze carefully, you may not need such a huge financial commitment or, it may sound risky. Instead, you can use your money in fruitful investment tools like mutual fund investments. 

• Stop over-leveraging

One of the major reasons for bankruptcies is through borrowing beyond what is needed or deemed normal. This can be for both professional and personal reasons. Once you have a specific amount of wealth, avoid borrowing completely. Even when it comes to your business, it is vital to keep overall borrowing to just minimum levels.  

Borrowing, at best, should be limited to cash flow planning. Borrowing may land you in debt and this, in turn, will restrict how you spend money on different things.  

• Plan the portfolio well

Your focus should be on inflation-beating assets like mutual funds. Equity funds should be an important component of your portfolio. Avoid leverage in your investment portfolio. Too little risk or too much risk are both not optimal. You must have a reasonable mix of debt, equity, and other components in your portfolio based on your general comfort level. 

So, these are some steps that you can take to ensure you don't face a disastrous wealth collapse and go bankrupt like a lot of people do! 

Should You Consider Increasing Your Income As a Financial Goal?

From being able to watch the next edition of the world cup in four years to purchase a farmhouse that is worth a crore in the next 15, all of us have our own goals that are often considered interesting. Our life goals and dreams tend to be unlimited. The limit is just the reality of our income and savings.  

The greater the income we have the bigger financial goals we can plan and subsequently, invest for. So, if this is the case, then should you consider increasing your income as a financial goal? This blog will provide valuable insight into this subject. 

Everyone asks about returns while considering the investment 

Apart from the security of our chosen investments, like Mutual Funds, every one of us focuses on returns. Returns do matter, as they should, up to a point. Investing is all about balancing risk and the growth that we require to meet our financial goals. But what about our personal rate of return?  

Investor's personal rate of return

Asset classes have a certain expected rate of return that is based on historical data and reasonable assumptions about the future. Equity should be able to deliver 12% p. a going ahead, while liquid funds should give near to 7% p.a. But can you say the same about your potential to grow your salary or income?  

Your savings, that you invest, come from a part of your income after all! The truth is that meeting most of your financial goals will also need you to grow your income. So basically the equation is, the bigger your goal the more it might demand from you in respect to income growth. 

This is due to the fact that investment and compounding can do wonders, but not until they receive enough to grow. For the best investment-related guidance, visit experts like Wealthclock Advisors. They offer excellent Mutual Fund Investment Advice. 

Grow your income

The average salary growth for the majority of corporate India has been around 10% in recent times. This is about 2-5% over inflation. At the very least, you must work towards maintaining an income growth that is over inflation. Of course, you don't have control over all of it. It depends a lot on the organization you work for.  

So, try your best to ensure a good hike from your current job. In today's economy and especially to boost your investments, you must build a skill set that is different than your present job or beautifully complements what you use regularly. A side income will do great! It will support your present income and thus, your financial investment as well.  

Will Visualizing Your Financial Goals Help You Achieve Them?

The technique of visualization is simply great for performance improvement. Sports legends such as Michael Jordan and Tiger Woods, all have used visualization for pushing their performance limits. This helpful technique can be utilized in every walk of life and this includes, achieving financial goals.  

So, what is visualization? It is the method of vividly imagining achieving your goal. So, in other words, you are just creating an image of your success beforehand. This will, in turn, change how you think. 

Visualization builds confidence

Several studies suggest that the brain finds it hard to make a distinction between a real and a visualized image. This is based on the idea that when you visualize an action, you are stimulating the same regions of the brain as though you have performed the action in actual. What it does is, it tricks your brain that you have already achieved the goal.  

This will build the necessary motivation and confidence in actually achieving something. You will feel like you have already done it before. For a better understanding of how to achieve your goals, visit Wealthclock Advisors. They are prominent financial advisors and offer excellent mutual fund investing advice. 

How to visualize?

So, the main question that arises here is, how should you visualize? One of the most recommended ways is to visualize on the outcome, that is simply about achieving the goal. For example, if it's about sponsoring a child's education, try to imagine your grown-up-child celebrating the successful completion of their degree during the convocation ceremony. 

But think of the visualization as a movie instead of a static picture. Doing the following can help you better in this approach. 

• Choose a time and place where you will stay relaxed and be at ease. It is advised that you do it early in the morning or simply, before sleeping. Just sit in a comfortable pose and close your eyes.

• Now, imagine a situation where you have achieved success in fulfilling your financial goals. This has to be done vividly with plenty of positive emotions accompanying the whole act. Thus, if you aim to retire, then think of a dream destination where you are relaxing solely or with your spouse beside you. Mutual Fund investments are perfect for this purpose. 

Visualization may significantly improve the odds of fulfilling your financial goals. It helps you gather that much-required confidence and motivation to achieve the set goals.  

Why Should an Investor Aim to Increase Their SIP By 15% Every Year?

Most investors see saving as a burden. When some investor is told to save more, they tend to groan inwardly and are annoyed by the whole idea of saving more, despite making the best efforts towards the same! This article will unearth reasons why exactly saving more every month towards a SIP is not just a fantastic thing but a necessity as well. 

Saving is undoubtedly very hard

A person's salary generally grows by a specific percentage above the inflation rate and it depends on the economy a lot. It also depends on a couple of other factors like years of experience, the industry one belongs to, etc. In the last few years, salary growth has been within the range of 8 – 10% for the majority of private-sector employees. 

The salary growth of 10% for someone who makes 5 lakhs a year might not be that big an amount for someone who earns 12 lakhs. Taxes impact salary growth too. Inflation is presently trending at 5-6% p.a. In the case of services as well as entertainment, inflation is on the higher side as well. So, saving can be a tough thing today.  

For the best saving advice, one can get in touch with Wealthclock Advisors. They are prominent financial advisors who operate in different cities and offer excellent ways to invest in mutual funds online. 

Beating inflation requires higher saving 

For most people, their income would have grown along with their expenses. But did their savings grow in line? Inflation might be lower in the last few years but it will surely strike in the future big time! An investor's monthly saving of Rs 5000 six years back is not the same as saving Rs 5000 at present. 

So basically, an investor's present savings are more valuable than their futuristic savings. This simple fact escapes most who think it is best to save only when they have enough. Those who began saving, say for example Rs 500 in 2007, is worth double at present. Considering money is devalued every year, financial independence needs active steps to steer ahead.

The magic of a 15% increase

Saving more and investing it would make a huge difference in the lives of the investors. The best advisors always recommend investing in equity mutual funds for this purpose as it can give a return of nearly 12% annually. Increasing the SIP amount every year by a whopping 15% can dramatically affect an investor's final goal amount. 

When the increase is 15% the result is a corpus that's near to three times bigger! Yes, considering inflation, the buying power of such amounts will be lower than the numbers showcase. But upon a good understanding of one's financial goals, an investor can plan for them and invest adequately.  

Even starting small will not act as a barrier to the investor's financial security! 

In the case of investing, something is a lot better than nothing as such! 

5 Finance Lessons That Will Help Any Investor

The field of investing is quite a tough one as every investor needs to stay at the top of his game all the time. However, this does not stop potential people from investing their hard earned money in this field. Everybody wants to have a piece of cake! But to generate better results at the end one must be aware of some important financial lessons. 

This blog is an attempt to do this as investors can be better at decision-making when they are aware of some important things. A few financial lessons should be taught in schools or other financial institutions so that people are aware of them beforehand and this will give them a significant advantage over others. Also, it will make them less prone to some common mistakes.

So, let's check out the important ones below!

5 helpful financial lessons for investors

Inflation will exist

Inflation signifies a rise in your current expenses even if your lifestyle remains constant. There have been periods when the rate of inflation in India was in excess of 8% pa. Presently, it is close to 5%. So, the main point is inflation is here to stay.

Saving vs investing

You can set aside a part of your income as savings. However, if you keep your savings as a bank FD or simply in your savings bank account, then it has a pretty lower chance of beating inflation. Experts like Wealthclock Advisors suggest you engage the money in inflation-beating assets mutual fund investments. 

Stay patient in investing

Another important lesson for every investor is, they should learn to stay patient in their business. Many people get swayed by other investors when they boast of their outsized returns and big scores! One should stay patient in their actions and not let emotions get the better of them.  

Mutual funds are quite beneficial

In India, people are still now reluctant to opt for mutual funds as compared to foreign countries. In reality, mutual funds can be a great way to increase wealth and earn handsome returns. Most experts consider them as the best financial investment method available.

Plan the taxes well

Your income can be taxed at a whole rate as and when you earn it. So, if you plan your investments in the right way, you can greatly reduce overall taxes as well as delay the incidence of tax.  

3 Financial Goals That Will Benefit You Later in Life

A lot of us do not invest as we are not sure if there is anything that is worth our investment. The first time we really start seriously thinking about investment is when we have to indulge in saving taxes and someone informs us about ELSS! If you are proactive with your investments, then it can literally benefit you. 

Just imagine the situation when you are not uncertain about money or when you don't worry upon hearing the news of lay-offs! How amazing it sounds when you head to an amazing destination for vacation and there is no loan repayment you have to handle upon coming back? For the more stable ones, how about owning your own home? 

This blog will discuss 3 goals that you can start investing in a straight way. You will realize their benefits without waiting for a considerable time period.  

3 financial goals that will boost your dreams

Invest in an emergency fund 

If you own an emergency fund, then you will be a lot prepared for uncertainty. So, be it family related, job-related or health-related, any unexpected situation must not throw you off. You can handle the financial uncertainties from emergencies with confidence and ease if you have an emergency fund to your name.  

Visit a prominent financial expert like Wealthclock Advisors in this respect. They offer the best mutual fund investing advice in town!

Start saving for a vacation

it's always good to relax and go on a vacation so that you don't burn out in the early phase of your career. So, aim to save for a vacation to your dream destination or other places that truly captivate you and enchant your soul. When you invest in a smart way you can visit a foreign place with zero debt and through your own savings. 

You can start your planning by aiming to save for three years or go for different investment schemes that facilitate short-term goals like mutual fund investments. 

Start saving for a home purchase

You would want to own your own home at some point in time. A home loan will definitely help but still, you have to pay about 20% of the cost as a down payment. So, the earlier you plan, the easier it will be later. If you save separately for the home down payment, then you need not rely on your savings that is meant for essential expenses like your child's college education or others.  

Are you a “new” Mutual Fund Investor? Here Are the 5 Rules That You Should follow in 2019

Are you a “new” investor? Umm. Let us be more specific. Are you a “new” mutual fund investor? In that case, you might be facing a tough phase while making investments in 2019. Many investors whom we have made a connection with have just started investing in mutual funds after the “demonetization” drive was carried out by the central government. This what has created the major problem among the investors.   

Like you, there are many investors who have staggered while getting negative returns from their equity mutual fund investments. For those investors, it is extremely decisive to stay focused on their investments during uncertain situations. 

Still having confusion about how to handle all your investments? Look no further. Here in this blog we have listed down 5 crucial rules that if you embrace them in 2019, you can surely enjoy in the end, making successful mutual fund investments.   

1. Stop chasing Returns: When you stop chasing returns, the return will chase you. While making your mutual fund investments, it is certain that you will be told about high returns. But if you believe that high returns will knock your door from the day one then you are surely on the wrong track. 

Additionally, there are some investors who prefer to invest their money in schemes depending on their past performance and expect similar returns in the future as well. This is completely the wrong approach. 

Instead of choosing the schemes based on past performance and expecting high returns from the very first day, you need to look for risks associated with it. Higher the risks, higher will be the returns. Hence knowing your risk appetite will help you to make perfect investments. 

2. Focus on your Investment Goal: Every investor has their own specific investment goal. Some want to make an investment for their child's higher education, some make investments for their daughter's marriage, and so on. The list is long but the main motive is to make investments and save money. Therefore, you must go for those schemes that cater to all your needs. 

For instance, if your goal is for long-term, you should make investments in equity mutual funds, whereas for short-term goals, debt funds are the best. Generally, there are investors who invest in mutual funds online just for high returns. But they lose their focus when they encounter adverse situations. Are you doing the same? This is what you need to rectify while you are planning for investments in mutual funds. 

3. Be patience during Uncertainties: Another most important thing that new investors least emphasize on is patience. Patience matters a lot whenever you are investing in mutual funds. Especially when there is any uncertainty or volatile period, instead of panicking, you need to stay calm and keep trust on your investments. 

We have seen many investors, making investments with strong zeal but during the volatile period they withdraw their money. Mutual fund investments is not a game of a year. It has to be played for a long-term period, if not long at least for 5years.

4. Have Balanced Portfolios: Having a balanced portfolios is yet another technique that you must learn while making investments. Based on the market survey it has been found that many investors who have joined mutual funds after the hike of the equity market in 2016, started investing just in equity mutual funds.

Being an investor, you need to keep in mind that one asset class for example equity mutual funds can never perform all the time. There might be ups and downs in the market. Hence it is feasible to depend on a plethora of portfolios, instead of a single one.  

Investing in mutual funds is one of the finest ways to secure your future and achieve your financial goals. But not every mutual fund tailors your needs. Hence, it is beneficial to look for the fund that cater to all your requirements. 

The best way to get the best advice regarding your investment is to look for a financial advisor. Some financial studios like Wealthclock Advisors will help you with your concern.  

5 Things You Must Know Before Investing in Mutual Funds via SIP

A mutual fund investment plan is recommended for the investors who do not wish to bear more risk and also, do not have the capacity or time to analyze the market trends on a regular basis. Mutual funds investment through the extremely useful Systematic Investment Plan (SIP) has become very popular in recent years. 

SIP is a process that benefits investors in several ways and this facilitates mutual fund investment too. So, if you are an investor who is looking forward to the best way to earn handsomely from your investment, then go for this kind of fund but via SIP. Mutual funds have several benefits like an easy process, lower risk than others, active market tracking is not necessary and others. 

5 things that you need to know while going for mutual funds via SIP

Set objectives at first

If you are following this route for wealth creation purposes, then you must set a definite objective as per the respective requirements. If you are having trouble in doing so, then visiting top experts like Wealthclock Advisors can be pretty helpful. They will also guide you on how to invest in mutual funds online free. 

Lower average cost

While investing in the best performing mutual funds 2019 through SIP, you will have a lower average cost of investment. It is not possible otherwise through lump sum investments.

One-time return Vs SIP return

It is not necessary that your mutual fund SIP returns will be higher than the lump sum investment. Returns from the same mutual fund scheme vary between investment via SIPs and one-time investments.  

Refrain from stopping SIP

You should not stop your SIP investment especially at difficult times or maybe when its time for a market correction. Because of the dip in market prices of the underlying debt or equity assets, a smart investor may end up purchasing more mutual fund units compared to what he does during the bull run. 

Investment review

If you invest in mutual funds via SIP route you are not required to keep a track of your investment on a daily basis. But, a monthly or maybe a quarterly review of the SIP investments will offer a clearer picture of how things are going and whether there is any need for improvement or change so as to facilitate the overall goals. 

3 Reasons Why Asset Allocation is Highly Useful

If you ask a financial expert to define the true meaning of the term 'asset allocation' then they will explain it to you as an approach to investing where people decide the amount they want to invest in different assets based on their long as well as short term financial goals. Well, this is what the process of asset allocation really means and you should adopt it to strengthen your position. 

Asset allocation is something that can benefit your financial investment process in a huge way. Today, with the plethora of financial experts available all around the town, you can get the best advice related to this highly useful process. Among the many firms, Wealthclock Advisors, hugely lay emphasis on the importance of asset allocation.  

In this blog, we will know about the reasons why asset allocation is considered so useful.

The importance of asset allocation in today's time

It spreads the risk

People have a knack for a certain kind of investments. Some may prefer best performing mutual funds 2019 over fixed deposits. Some of us keep equity higher than real estate. We do investment based on our intuition. And intuitive investments often lead to over-reliance on a particular kind of asset. This can leave us exposed to risks. 

So, this is where asset allocation comes into the picture. It helps to spread the risk so that your investment portfolio is not in danger.

Definition of investment objective 

Everyone invests with the aim to meet their future goals or needs. People may have short-term needs such as paying for children's education fees or long-term goals like retirement plans. So, if you engage in asset allocation and combine the top equity mutual funds to invest and fixed income investments in a suitable way, that will facilitate your financial goals, then it will be quite helpful.  

It will also help you to manage and grow your investment portfolio in a better way. We all look for safety when it comes to investment and this process helps us to achieve a safe status.  

Eliminates the possibility of market timing

It has been said a lot of times that the market can't always be perfectly timed. But still, people tend to flow with what the media has to show. If they see a sudden price rise, it may tempt them to make some bizarre decisions. We may think engaging in some fancy move may bring us glorious results. But more often than not, we end up hurting our portfolio. 

Asset allocation will help you to achieve not only your short-term but long-term goals too in a stable and logical manner.

Why is Equity Considered The Best Retirement Plan?

When it comes to retirement you need to make certain choices. So, if you wish to live a fulfilling retirement phase, then you not only need the correct kind of investments but also the right amount of time. Basically, you only have two choices; live a retirement life worrying about your financial aspects or retire and live an enjoyable life. 

What does retiring rich mean? It does not mean retiring with just enough to last for a couple of decades but the type of money that does not have the risk of running out. There are no actual shortcuts when it is about saving for retirement. Most of us don't receive stupendous salary hikes or fat bonuses. So, the choices we make will decide how comfortably we will live our retirement time. 

So, if you want the best financial advice, then visit the top experts like Wealthclock Advisors. They provide the best guidance and help to clear any such doubts. 

How is equity the most suitable retirement fund?

In order to retire comfortably and ensure a rich lifestyle, you should go for an investment option that will grow at a considerably higher rate than inflation. Equity is the best investment option in this respect. They have a historically proven track record of being always on top of inflation. You will see most rich people holding their wealth in the form of equity. 

Equity shows its true potential in the long run, like in the seventh year or so. The average growth rate of such investments in recent times has been 12% and it speaks highly about this scheme. They have often been regarded as the best investment plan with high returns in India. The rate is significantly higher than other similar schemes available. 

How is equity a helpful retirement solution?

Another advantage that equity has over other firms is that anyone in their early 20s can begin investing in them. And this gives them a whole lot of time to reap off the benefits of such safe investments with high returns in India. The phase of retirement can get extremely tough for people. And so, it is essential that they do proper retirement planning from early on.

Saving for retirement is a long term challenge. There is no other instrument other than equity that addresses long-term growth needs perfectly. Equity works perfectly over the long-term. 

Simple Ways To Obtain Better Results From Your Portfolio

Every investor aims to obtain good results through their investment process. But at times people are unable to achieve the same. So, they implement several tactics for this. However, not all of them are helpful and hence, they do not deliver the desired results too. Whenever you are facing a similar situation, make sure to get in touch with the most competent financial advisor.

We are a financial advising firm that offers excellent services to our customers. Our wide range of financial services are loved by our customers and they always look forward to taking valuable guidance from us. Your portfolio is very valuable and therefore, you need to take the best foot forward. Have a look at what we have to offer in our website.  

Meanwhile, check out the ways we advise that will help you to make your investment portfolio a better one! Choosing the best investment plan with high returns in India is not sufficient. You need to consider other things too while aiming to make your portfolio a strong one. We will discuss them below. 

Some effective ways to make your investment portfolio a stronger one

You need to spend a lot of time ensuring that your portfolio is a stronger one so that it can withstand the different conditions of the financial market. The steps mentioned below are helpful.

Assessment of risk-taking ability

The first thing that you need to do is a risk assessment. Every investor falls under some category or the other mainly aggressive, conservative or balanced investor. You may have a great life and have the potential to invest heavily, but you still need to understand your risk-taking ability. Your capability to handle loss is another factor that determines your risk-taking ability. 

A risk assessment will ensure that you select the best financial schemes that you can handle on the long-run and whose benefits will satisfy your investment. This will make your portfolio a rather strong one. There are many ways to assess your risk-taking capacity. You may contact a competent financial advisor for this purpose.  

We engage in this process and carry it off in the best possible way. Your risk appetite can also be evaluated through the tenure of your desired investment schemes. You will get the best Risk-Based Fund Recommendation in Wealthclock. 

Systematic Investment Plans

After evaluating your risk profile, the next thing that will help you to make your portfolio a stronger one is if you go for systematic investment plans. Wealthclock Advisors always recommend them over the lump sum investments for long-term goals. 

The best thing about them is that they work beautifully during volatile market phases and thereby, this is the reason behind their immense popularity among long-term investors. Your SIP returns will always be better than any other schemes. This is because they operate for a longer period of time and thus have the chance and potential to deliver superior results.

We at Wealthclock will always advise this step if you wish to strengthen your investment portfolio. They are safe investments with high returns in India. 

Diversification

This is an excellent step that you can take towards achieving a strong investment portfolio. The best thing about Mutual Fund Investment Plans in India is that they diversify across instruments/stocks. So, the best step that you can take in this regard is diversifying across asset classes as well as fund investment styles.  

This will help you considerably reduce risk and ensure that your portfolio is not easily affected by negative outcomes. We at Wealthclock, always advise this step to our customers. We believe in the power of diversification.

Some other ways to ensure an effective portfolio

Rebalancing

Asset allocation will not alone help. You need to engage in rebalancing too. The ratio will transform as your investment grows. So, this is when you should engage in the rebalancing process. A yearly review along with rebalancing of the asset that has helped those assets that have fallen will greatly help.  

Wealthclock Advisors offers excellent financial advising services and covers a broad range of subjects. Starting from financial planning to goal setting, you can always count on us for your financial needs.

Careful reviewing

You need to carefully review your ongoing investment schemes. Like for e.g if you own both large-cap and mid-cap funds and the former underperformed the latter then the reason behind this could be simply a not-so fruitful year for the large-cap stocks. So, it is imperative that you compare with that fund's own benchmark as well as similar category funds.  

Also, you as an investor need to stop expecting your fund to rise to the top of the performance charts every year. Even if they slip a bit, don't the decision of leaving them hastily. 

How Should a Newly Married Couple Plan Their Finances?

A couple who has recently begun a new journey of their life, in the form of marriage, need to discuss an utterly important topic; finance. There should be a common understanding relating to the financial aspect of their lives. When two people embark on a common journey together, then they should deal and handle their finances in a planned way. 

This is where a skilled financial advisor comes into the picture. In this case, a newly married couple should consult the best advisors in town in order to get a clear picture of how they should handle their finances in the right way. Wealthclock Advisors is a name that stands true to its reputation. So, what should be the ideal financial planning for a newly married couple? Let's find out below.

4 financial steps that one should take in this respect

An understanding of the existing finances

Both of them should clearly understand each other's post-tax income, financial position along with current savings. Calculation of their existing monthly expenses and prioritizing them should be taken into serious consideration. The couple should also ideally save at least 30% of their combined post-tax earning, as it is a recommended step by most financial advisors.

Discussion about important goals and milestones

There has to be a common understanding of both short-term and long-term goals. The former will include elements such as buying a house, retirement planning, children's educational expenses etc. They need the Best Investment Plan With High Returns In India, and for this, a session with their chosen advisors will be fruitful. 

The short-term goals include purchase of cars or going on a holiday and also saving for emergencies.

Fruitful investments

The emergency funds can be invested in different liquid funds in order to ensure easy liquidity, optimal earnings along with tax efficiency. For tax savings the couple can engage in those mutual funds investment plans that help to save taxes like ELSS. For long-term goals such as retirement, children's education, home purchase, a diversified portfolio would be quite useful.

Operational aspects

The couple should make the other partner a nominee in their respective investment and bank accounts. This will lead to a smoother asset transfer if there is a demise of one partner. There should be a transparency in case of bank account details like account number, ATM password among the couple as it will lead to easier access during an emergency. 

When a Person Need a Financial Advisor?

Every individual who manages the finance of his family requires a financial advisor to guide them and make the right investments. Are you a financial caretaker or financial chowkidar of your family? If yes, then definitely you need a guide who will help you in handling your own financial needs.

financial chowkidar

In this blog, we have mentioned the type of person needs a financial advisor.

1. Professionals who remain Busy: With the term “busy professionals” we mean the executives or the business owners who are highly engaged in their own field. These officials will certainly benefit from the comprehensive services of the professional financial advisors. From a one-time financial review to ongoing investment and other financial planning advice, you will be served with all of your concern. You might be an intelligent person, you might be a financial chowkidar of your own family, but do you have the required time to think about the right investment plan? In between the busy schedule, it is really hard to take the right decision. And hence, the financial advisors like WealthclockAdvisors appears in the picture. 
   
   
   
   
2. A Person who is about to Retire: If you are about to take your retirement and live a peaceful life without any financial glitch, then hiring the services of a financial advisor would be an ideal option. Being a financial chowkidar, it is the right time to make fruitful investments and enjoy the rest of your life with your family. However, often these folks tend to be their own financial advisor and end up making a mess with their own investments. Do you want to mess up your retired life like this? Of course, not. Seeking the help of a financial advisor and investing your savings in the right platform is always the best decision that you can take in this stage of your life.
   
   
   
   
3. Newly single Individuals: Are you recently divorced? Or there has been any accidental death of your spouse? In either of the cases when you are new to this single life, you need a financial advisor to assist you in the right way of making investments. Here you are the financial chowkidar of your own. However, in this complex situation, it might be hard for you to take an appropriate financial decision for yourself. A financial advisor in this stage, will play the role of your financial guardian and drive you to make safe investments with high returns in India. Additionally, there are situations when you need to solve some potential issues like life insurance that can be attained in case of the death of a spouse. In this situation, a financial advisor will certainly be God for you. In case you are divorced or you are undergoing the process, engaging with a financial advisor will help you to determine a fair split of the couple's assets. 
   
   
   
   

Reaching the bottom line, it is not the type of a person or a profession that should hire a financial advisor. It is basically the situation that compels the financial chowkidar to do so. Do you belong to any of the aforesaid situations? If yes, then you should visit a financial advisor and make a safe investment with high returns in India.

5 SIP Blunders That Can Cost Investors Heavily

When it comes to investment, the SIP is a great way to invest. Systematic Investment Plans are loved by retail investors. It will let them automatically purchase more units during a low market phase and vice-versa.

There are other benefits of going for SIPs instead of other lucrative funds. SIP involves regular investing and this will let investors leave a sigh of relief as they need not time the market. However, a lot of people mess their investment up by making some huge blunders.

SIPs have the ability to make the lives of their investors a better one, but committing a few common blunders can ruin things. A list of the 5 blunders is presented in this article below. For better guidance regarding SIP and financial investment in general, one can visit good financial experts like Wealthclock Advisors.

Some wrong moves that investors need to be careful about

Staying tight-fisted

With SIPs, an investor can succeed in fulfilling his investment goals and thereby, make his financial planning success. However, after a certain time, one needs to question themselves have they invested enough? Staying tight-fisted in case of investment is not the right way to grow wealth. So, an investor should be heavily active towards reaping off more benefits from SIP.

Market timing

A lot of investors often put a halt to their SIP investment temporarily when they see the equity market is correcting. The expert advisors recommend avoiding this step. Pausing SIPs midway can prove hazardous as it can heavily affect the investment process and the financial plan in general. Investors can lose out on fruitful opportunities.

A financial investor can have thousands of questions before venturing into SIP. One of the most common ones of them all is, “How to do SIP online?”. To get the best answer to this question, they can visit a professional financial advisor.

No diversification

One of the most common mistakes that an investor makes is they invest all their money into one single fund. This may be convenient but can lead an investor to end up with disastrous results. SIP is always beneficial in every sense but for it to provide the most stunning results, one need to diversify their investments.

Diversification will offer great returns during the most difficult market times. One also needs to review fund returns after every year. A competent financial advisor will also answer other important questions such as “How to purchase mutual funds?”.

Wrong choices

Although SIP is great in terms of automatic monthly installment payments, at most times investors select the wrong SIP dates. The ideal date should be one that is after salary is usually credited as this will benefit investors.

No flexibility

A lot of investors are thrown off their investment track when an emergency pops up. Since they have not prepared for the same, they face the wrath of time. So, other than committing heavily to SIP one also needs to keep emergency and difficult times in mind and utilize their money likewise.

4 Ways to Find An Useful Financial Planner

If you are an investor and find it hard to take out valuable time from your schedule to manage your money or is not able to understand how to do it, then the best people you can contact is a financial planner. They are people who possess the right idea about the financial market and therefore, help out their clients in the best possible way.

However, to get the best results it is very important that you hire the services of the right financial planner, who will understand what your financial goals are. Nobody would want to give their money to the wrong person to manage it. There have been numerous cases where individuals have been cheated by fake people. So, check out the ways mentioned in this blog and contact the right people.

Ways to hire the most appropriate financial planner

Check for credentials

What people usually do is, they check with family or friends for a financial planner. Some even search online. Once you have got some names, check out their credentials and verify whether they really live up to their claims. Wealthclock Advisors in Mumbai is a reputed name in this respect. 

Avoid those who try to sell

There are lots of people who claim that they are financial planners but in reality, they just talk about a few products and focus on doubling your investment money through these specific products only. They are simply sellers and not financial planners in reality. You need to differentiate them from the true ones.

Planning as well as execution skills

It is very important that you evaluate the planning as well as execution skills of your selected financial advisors. Just because they are certified to plan, charge a fee and provides you with simple planning structure does not imply that they qualified. You need to see if they have the ability to plan and then execute it. 

The best planners will provide you ideas relating to the selection of the Top performing mutual funds in India. 

Fee-only planner

Planners who charge fees for their services are highly unlikely to sell anything to their customers. So, these will then be the right people for your services. These are some of the most important things that one need to consider before hiring a financial planner. So, hire the best financial planner and do the right investment. 

Easy Ways To Overcome Financial Stress and Resolve Financial Problems

Money can not only be a source of happiness but also has the ability to turn a person's life, upside down. They are a source of extreme pleasure but can also cause extreme pain. A lot of investors have lost their money owing to the volatile nature of the financial market. Valuable investment money when lost can be really painful to handle and depression may creep in.

People stress over a lot of things. Some may worry about running short of money for their children's education purpose while others may think about critical situations in the future. But whatever may be the reason, the stress levels among people are rising considerably and finance is a strong reason behind it. Many pieces of research back this fact too.

It is not possible to always control the reasons behind stress but one can definitely take some important steps for the same. Knowledge of the right ways, adequate market research, doing correct calculations, planning in advance, and timely action are some of the ways by which people can reduce their financial stress levels to a great extent.

3 common reasons for financial stress and their resolution

In this article, some common reasons for stress and their useful solutions are mentioned below.

Losses in equity investments

Even though investors have become a bit smart now when it comes to adopting the right practices, a lot of them still now believes in redeeming their investments as soon as the market hits a downfall. Investors should learn how to respond and not react to market movements.

This signifies that if someone has invested in equity mutual funds they should not let be intimidated by market situations. There are no reasons for worrying about short-term losses. Confused investors can take the help of capable financial investors in this respect. Wealthclock Advisors is a reputed name in the world of financial investment.

Shortage of money at month's end

There are many reasons available for people to be stressful about their financial aspects. Most people have an improper budget or an unstructured way of handling their money. This leads them to spend lavishly without thinking of saving for the future. This leads to a shortage of money at the end of the month and they suddenly start worrying about the future!

So, to get rid of such a problem people need to prepare a budget at first after categorizing the needs and wants. They need to evaluate their spending habits and refrain themselves on certain occasions. Questions like how to save money fast? can be properly answered by skilled advisors only.

Improper goal setting

One starts worrying when they are not able to meet their goals. Sometimes this can happen because of improper goal setting. People need to start making plans in advance and also do appropriate calculations for arriving at the right future goals. The right goals will provide them with the right direction and methods.  

Useful Financial Planning Tips For People to Live a Better Life

For individuals, investment can be an extremely stressful thing. Every person has certain financial and personal responsibilities along with their existing goals. Then there is the additional responsibility of taking care of aging parents as well as paying off educational fees of children, if any. The investment period can be quite tough and one needs to figure out some ways that will help them sail smoothly through it.

The best thing, in terms of finance is, people will have a higher pay at a point in their career than what they had during their younger age. This will be extremely helpful towards meeting their set financial goals and objectives. With a rise in income structure, people can invest more and save wisely to have a financially secured post-retirement life.

Everyone has their own list of goals. Some need to earn and save more to meet their child's educational expenses while others need to take care of their parent's ailments and any such resulting emergencies. Beside these needs, a lot of people love to go on vacations and monetary support is required for this. So, one needs to know how to manage their money better and indulge in fruitful monetary activities.

4 useful financial planning tips for living a better life

This article has discussed ways to live a better and financially strong life.

Proper retirement planning

After reaching a certain age, people need to consider retirement planning as it is a very necessary process. The truth is that EPF along with pension from the job will not be sufficient to maintain a good lifestyle. Hence, this calls for retirement planning. One also needs to consider inflation in the long run too.

While engaging in retirement planning people need to consider the increase in health care related expenses and other kinds of emergencies as well. 

Useful investment schemes

One needs to invest in different financial instruments that will facilitate their children's education needs and other kind of needs as well. Mutual Funds Investment Plans in India are a great way to earn heavily through financial investment. The deposits made in this respect should not compromise the retirement savings anyhow.

Debts

After reaching a certain age people need to seriously think about clearing all their debts. Everybody needs to maximize their savings for the future and thereby, the absence of debts will ensure they are not held back anyhow. Some wise choices like getting rid of unnecessary credit cards and changing lifestyle habits should be made. They need to know how to save money fast.

Insurance

People need to know how to properly manage their income. Insurance is needed for the sake of betterment of the family. Hence different schemes are needed to be scanned and only then, the best ones are to be chosen. Term insurance is a great option in this respect. A competent financial advisor will be extremely helpful. 

These are some tips that will help people to live their life in a better way.

Top Ways to Reach Your Financial Goals Systematically

Every financial investor needs to have certain financial goals and objectives. If you are looking towards investing in a scheme, but do it on a random and unplanned way, then you will not receive the results that you were expecting. This will cause heartbreak and thereby, it is very important that you work hard and in a systematic way to reach your financial goals.

What advantage will you have if you set financial goals? Well, you will get a good idea about how to carry about your investment-related activities in the best way possible in the future. A crystal clear direction will help you to proceed in the right path that will ensure you have the best experience amidst your investment steps.

You need to contact the best financial advisors who will help you out in your financial advising process. What good will they do? An expert financial advisor will bring their experience into the play here and thereby provide you with the best ideas regarding the same. There are plenty of ways to reach your financial goals in a systematic way. They are mentioned below in this blog.

The best ways to reach the set financial goals in a systematic manner

Wealthclock Advisors in Mumbai is one of the best financial advisors present. They will help you out severely in this respect. Not every investor is able to set the best goals for himself and any wrong step can lead him to serious trouble. So, check out the ways mentioned below and set the most suitable goals for yourself.

Proper planning

Proper planning will give you the right direction that you need to follow. This will also help you save the required money. If you do not have the right idea of where to invest your valuable money, you may waste both your time and money. The best investment plan with high returns in India can be located through proper planning.

Realistic goal setting

You must make sure that you set achievable goals. This is needed as unrealistic goals can lead to expectations not being fulfilled. This will cause heartbreak and thereby, the goals will not be accomplished. Your goals should be set considering your present income level as well as what the future might be.

These were some of the best ways that will help you out if you are thinking about setting goals for the future and reaching them in a systematic way.

Thinking About Financial Planning? Know the Benefits of This Process

We all know that we cannot predict what the future holds for us. But one thing for sure, we can all be prepared for days to come. All of us have certain goals at different stages of life. When they are achieved, our life truly becomes how we wish it to be. But achieving them becomes a challenge. With the aid of proper financial planning, failure can be a distant thing!

The truth is that there are loads of benefits associated with financial planning. We must take the steps, involved here, in the right way and only upon doing this, will we be able to taste success. Life is very much uncertain and before we know, it can become a total mess!

So, financial advisors will always recommend to start financial planning from a younger age. We will check out the different benefits of financial planning in this blog. They will make readers aware of their importance and how useful they are towards the improvement of lives.

The distinct benefits linked with financial planning 

The beauty of financial planning is that it ensures the correct amount of money is available with people at the right moment in the future for achieving particular financial goals. Choosing just the best investment plan with high returns in India is not sufficient. Following the relevant steps is important, as the benefits related to them are quite appealing.

• Every individual has their own distinctive risk-appetite. The beauty of financial planning is that it is completely based on such risk-appetites and provides the needed road map to attain financial goals.

• Proper financial planning can help you to look at the bigger picture, in regards to your financial position. Also, it will guide you towards an examination of your present financial status along with the determination of objectives. To know more about the process, contact Wealthclock Advisors in Mumbai.

• Another big advantage of doing financial planning is that it will help you to devise strategies or plans towards meeting your goals, keeping your present situation and future plans in mind. Financial planning helps in the identification of weaknesses and thereby, you can improve them to achieve better results.

• Financial planning is the process of managing your valuable money for achieving financial satisfaction. The process will allow you to have control over your financial situation and thus provides you with the feeling of security. You will have lower stress levels!