Change is the only constant when it comes to the value of a currency or financial transactions. In most cases, this depends on variables which are beyond your control. What is in your control, however, is your ability to make a proper assessment of your financial needs and plan accordingly. For starters, you must know your risk tolerance. Secondly, understand your investment objective – Are you looking for mere stability, growth or a combination of both? Thirdly, are you aware of the overall economic stability in the country in terms of inflation?
Radha and Sheela met with an accident on the way to work. Although there was no hospitalization required, the friends spent close to Rs 30,000 each, on various expenses. While Radha dipped into her savings account to pay for these expenses, Sheela sold some of her liquid funds for this amount. Both the women had… Read More »