Pankaj Ladha - A Mutual Fund Distributor

Importance of involving your family in your investment decisions These days a lot of financial decisions are to be made in day to day life. Even we have a lot of bank accounts, investments and med claim policies. In this scenario it is very critical for your family, specially your better half to have an idea about these. Pointers to be discussed with your family – 1.    Your financial advisor – Your family should be known to your financial advisor. They should perfectly know where to contact to just in case an emergency arise. Investments although is always done for long term perspective, but at times can be life saver at important points of life. EG there was one of my client who was well of in his living and was maintaining a health investment with me. One day he was critically ill, family had no idea where to get funds from. But his wife and son was connected with me via FB. They contacted us and their investments with us proved to be quite helpful to them. It probably ma

Various stages of Investing Starting your career This is the first time in your life, when you are earning money and are financially independent. You put your salary or income from business in a savings bank account and spend from it, to meet your living expenses (like food, rent, transportation etc.) and other lifestyle needs. The most important financial requirement for you at this stage is to meet your expenses from your income; if your expenses are more than your income then you will run into debt. If your expenses are higher than your income, then you must either cut down on expenses or find additional income. Finding additional income is not always within your control, expenses on the other hand are within your control. Once your expenses are within control, not only you will be debt free but also be able to save. It is important to make savings a habit; even relatively small savings every month can grow to a huge corpus in the future through the power of compounding. W