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Common Mistakes You Should Avoid While Investing to Save Tax

tax-return-mistakes-to-avoid

A young married couple walks into the local branch of a private bank on a cloudy, cold weekday of January. Both of them are getting late for office, but have enough time to start a tax-saving fixed deposit (FD).

The bank executive, instead, sells them a ‘better’ product, whose gains are non-taxable, unlike FDs.

The product that he offers is a tax-saving plan that also gives them life cover, guaranteed returns and bonus. And guess what, they can withdraw the money after five years, when they will receive the premium along with added bonus. They think it’s a good deal and write the cheque.
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5 ways to leverage your house to fund your goals

Many dream, most have ambitions but everyone has a goal.  Did you know that you could leverage your property to finance your goal? When a bank sanctions a loan in your name, it needs an assurance that you will pay it back. However the bank uses your property or any of your assets as collateral for the loan disbursed. Unfortunately, in future if you aren’t able to repay the loan, the bank will take the legal possession of your asset and will ultimately auction it out.

There are 5 ways you can leverage your property to meet your goals.

cash-in-on-your-house

7 Top Home-Buying Mistakes People Often Make

7 Top Home-Buying Mistakes People Often Make

Insanely low mortgage interest rates—and the knowledge that they’ll probably go up again—make a lot of people feel like it’s time to buy a house right now. And maybe it is … if you go about it the right way.

Buying a home is a major purchase (to put it mildly), and there are plenty of ways to trip up. But don’t worry—we’ve got your primer right here.

1. Don’t … buy a house if you’re planning to move again soon.

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Why Mutual Funds are better option for beginners?

mutual funds better option for beginner

When considering investment opportunities, the first challenge that almost every investor faces is a plethora of options. From stocks, bonds, shares, money market securities, to the right combination of two or more of these, however, every option presents its own set of challenges and benefits.

So why should investors consider mutual funds over others to achieve their investment goals?

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5 Simple Investment Tips

5-Easy-Investing-Tips

I often hear women in their 20s and early 30s say they don’t have enough money to start investing.

I don’t believe it!

I believe everyone has enough money to start investing as long as they make it a priority.

Unfortunately, most women at this age do not make investing a priority because they don’t really understand how it can help them in the long run.

You see, investing in the stock market allows you to potentially grow your money at a higher rate than a savings account.

And if you can grow your money faster than a savings account can, then over time you’ll have a lot more money for your various financial goals.

How, you ask?

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