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A thought-through savings plan will ensure the longevity of fund reserves while fostering a culture of sound personal financial management
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It is all about your spending habits and if an individual keeps an eye on spendings, it will help him or her in the long run
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Your overall asset allocation is based on your age, risk appetite and financial objectives
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Where do women investors park their money; Groww survey
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Women must actively participate in investment decision-making for their own financial goals as well as those pertaining to their households
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A survey found that 57% of younger millennial women are investing mainly towards their personal goals
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The top-up could either be a percentage of your existing SIP amount, for instance, 10%, or it could be multiples of a minimal amount as defined by the mutual fund
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Allocation ratio is decided by the financial planner after considering various aspects like risk-return profile of the asset class, objectives and financial goals of the investor, investment horizon, etc
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If interest rates rise you would need to alter your investment strategies in fixed income since most investors have got used to falling interest rates in recent times.
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If you life’s goal is to become richer than Jeff Bezos, then all the best. But if you really want to achieve your goals, then it makes sense to keep them realistic