Good Moneying

Investment is no exception. There are never absolute certainties. You can't be certain that an investment will be sound. However, there are investments that are more secure than others. You should ask yourself one question about any investment: "How well do you cover yourself?" Many people see the future with naivety and think "what if" and then forget to ask "what if?" This is not being negative, it's just being realistic. Ask questions to determine if the risks are real and if it is realistic. Sometimes, an investment that sounds rational may not work out. However, it is worth taking a chance on something that doesn't look very profitable. It's better to have multiple options than just one. You might regret it later. You need to balance things. In other words, ensure that your investment has some form of insurance. An investment advisor is a great option as they can help you to cover all bases and explain the risks associated with each in...

Many investors mistakenly believe that they need to invest all of their savings. This is a mistake that new investors need to avoid. You need to determine your ability to invest and map out your financial goals for the long term as well. This article will help you determine how much money you can afford to invest in investments. You should be careful if you plan to use your savings to make investments. You should save at least six months' worth of living expenses and don't use these funds to invest. Do not borrow money to invest and don't dip into your emergency savings account for any investment. You should have a buffer in case of market fluctuations. You may not have enough savings to cover at least six months of your living expenses depending on your financial situation. You may want to reconsider investing if this is the case. Don't be discouraged if your investment amount is lower than you would like after taking out your six-month cushion. ...

Financial media have been abuzz about the fee-only financial planning phenomenon for several years. Most people don't know where to look for a reputable one and are advised by these media pundits that they choose from a variety of options. This is not the best way to go, I strongly disagree. I believe that the best way to choose such an important advisor is through a recommendation from someone you respect. If you don't think that is an option, I would like to let you know about two organizations that are fee-only financial planners, the National Association of Personal Financial Advisors and the Garrett Planning Network. NAPFA works almost exclusively with wealthy individuals. This is because they are extremely selective and only refer planners who meet their high education requirements  Sebi registered investment advisers . The Garrett Network  focuses on providing services that are billed by the hour and target their advice to middle income folks. The we...

Understanding the contribution clause is important while making health insurance claims from multiple policies. Here are the details you were looking for   Read More: https://www.goodmoneying.com/how-to-make-health-insurance-claim-in-multiple-policies/

Understanding clauses as per the insurance policy document are important so you can cross-check with the sales pitch of the agent and find out if this policy really suits your requirement  Read More:  https://www.goodmoneying.com/life-insurance-policy-document-details/

Even after taking precautions, many times you cannot escape illness and when it turns out to be serious then your financial planning should be flexible enough.  Read More:  https://www.goodmoneying.com/financial-planning-for-serious-illness/

 The decision to surrender the LIC policy should not be taken in haste. Get the quote or calculate the surrender value of the LIC policy yourself, use logic surrender form. Read More:  https://www.goodmoneying.com/surrender-lic-policy-calculation/