How to invest money smartly crossword,positive books for toddlers learning,advice on writing a romance novel yourself,positive thinking to get ex back quotes - Reviews

Author: admin, 27.09.2014. Category: Small Goals 2016

Mortgage Protection InsuranceWhen taking out a mortgage, you need to consider how it will be paid off in the event of your death. Motor InsuranceIt is a criminal offence for drivers to drive uninsured on public roads in Ireland. Health InsuranceHealth insurance is used to pay for private care in hospital or from various health professionals in hospitals or in their practices.
Travel InsuranceTravel insurance can cover you if you become ill or have an accident while you are on holidays or travelling. Systematic Investment Plan (SIP) is a disciplined way of investing, where you invest fixed amounts at a regular frequency (say, every month or quarter). Post Office also offers Insurance product through Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) schemes with low premium and high bonus. There is little in college education that can prepare you for the intricacies and the realities of managing your money.
Moneylife Foundation conducted a special programme for students –“Be Safe and Smart with Your Money” at Vaze College, Mumbai.
There are different types of scams – lottery scam, job scam, conference scam and interest waiver scam out to get us. In the second session Mr Basu explained the importance of saving regularly to secure one’s future financially. In general your home should be insured for damage to contents and for damage to the structure of your home.
You may also consider how to continue repayments if your income falls, due to illness, unemployment or other reasons.

Life insurance policies are important if you have dependants such as a partner or children.
Mutual Funds are Financial Intermediaries that pool the financial resources of individuals and corporates and invest in diversified portfolios of assets. Before college students go out to get a job and earn their first salary, it is important for them to have a good understanding of what it takes to protect their money and invest smartly in a manner that would deliver prosperity in the long term.
The first session was conducted by Sucheta Dalal, managing editor of Moneylife and founder trustee of Moneylife Foundation.
When investing over a 20-year horizon, even if one starts five years or 10 years later and invests a higher amount, they will end up with a lower amount at the end of the 20-year period, than a person starting at the beginning of 20 years. In general travel insurance should supplement the services available to people with a European Health Insurance Card. The mutual fund will have a fund manager who is responsible for investing the pooled money into specific securities (usually stocks or bonds).
For example, you commit to invest a pre-specified amount (Rs 500 onwards) every month in a mutual fund.
These services are offered as an agency service for the Ministry of Finance, Government of India. She narrated to the packed audience incidents, where “relationship managers” have taken genuine and educated customers for a ride.
In her session, she also discussed that one should keep one’s financial life simple and one should invest in just a few products—products that are safe and well regulated. While not going in to detail on the various investment products available, he gave the suggestion of just one.

You can find out more about travel insurance and other health issues when travelling abroad. The second session was addressed by Debashis Basu, editor and founder trustee of Moneylife Foundation.
Ms Dalal spoke about the dubious schemes like QNET, Pearls, City Limouzine, Japan Life, which could be clubbed to category called Pyramid scheme or chain money schemes. The effect of compounding is slow in the initial periods, but as time passes on, the power of compounding takes over and the wealth created is huge. As college student have time on their side, he advised them to invest in equity mutual funds and stocks with an investment horizon of 15 years or more.
Ms Dalal talked at length about the new phenomena like Phishing and Vishing on the internet that traps the gullible public and robs them of their hard-earned money.
These schemes claim to provide extremely high returns luring the unsuspecting savers and then vanish into thin air. The key rule is to save as much as possible as early as possible in good financial products.

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