Mis-selling is the act of selling something unsuitable for the person who buys it. A major cause of mis-selling is investors' lack of knowledge of financial goods. Lack of transparency is another cause. If one lacks financial literacy, they can learn how to understand the product or seek the advice of a financial advisor. Insurance and other financial products are regularly mis-sold. Let the Buyer Beware – this article looks at how to avoid falling into this trap.
The article looks at lifestyle inflation, overcoming Impulse spending and consumerism and balancing the creation of wealth and the enjoyment of the same. Delving into practical strategies to help us strike a harmonious equilibrium between our financial growth and the pleasures that make life truly worthwhile.
This article highlights the advantages and risks associated with investing in equities. While equities offer attractive long-term returns, market volatility and unexpected events can lead to significant losses. Investors should be aware of potential risks and avoid these 11 common mistakes that lead to financial losses.
While debt instruments are great to generate regular guaranteed cash flows and preserve wealth for long periods of time, there are multiple risks. The article looks at the 5 major risks of investing in any kind of debt instrument.
While beating inflation and wealth creation are normally targeted through equity, capital protection is addressed through investing in debt. But do you need it? The article takes a look at whether you need debt or not in your portfolio.
Most traditional finance theories assume that people will act rationally, considering all available information when they make investment decisions. But behavioral finance challenges that assumption. Everyone may know what to do and have a plan in place but following that plan and abandoning your emotions is often a difficult task.
Health insurance provides people with a much-needed financial backup at times of medical emergencies. However, the fine print is not easy to understand for laymen. This article will help to bring more clarity on some of the terms, clauses in the fine print of health insurance policies so that you will be able to take an informed decision before either buying a health insurance policy or going in for hospitalization.
Any profit or gain that arises from the sale of a ‘capital asset’ is a capital gain. This gain or profit comes under the category ‘income’, and hence taxable. The article looks at the reasons for this tax and the emotions that run through people at that time in the year.
Market regulator Sebi has allowed asset management companies to introduce silver exchange-traded funds (ETFs) in the Indian market, which will work on the same principle as Gold ETF which are already being traded in stock exchanges. The article explores the pros and cons of this new investment instrument.
Most investors think that they are smarter than the market & they want to time it & invest at down & exit at high to make the money. What effect does it have on their investments and psyche? Lets look at a case in point who we have finally brought back to the fold after many months of distrust of market behaviour.
It’s no secret that passwords are your only protection from cybercriminals. The importance of using secure, unique passwords is getting higher as we entrust personal information to organizations and businesses that can fall victim to data breaches and password leaks.
The article looks at various dos and don’ts while creating a password and advocates moving to at least a two-factor authentication to verify your identity before allowing access to the data.
