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Investment

Benefits of Bitcoin Futures for Traders and Investors

Are you planning to invest in Bitcoin futures but not sure about its benefits? Well. If that’s spinning your head, then the benefits of Bitcoin futures will definitely clear all your doubts.

Cryptocurrencies have turned things around, and people are leaning towards Bitcoin and other digital currencies. Since the Cboe Global Markets and CME Group introduced their futures contracts in December, the volume of trading Bitcoin futures has gradually increased, as prices in real transactions of the virtual currency have steadied.

Often, people get confused about Bitcoin futures. So the very thing you need to know while trading Bitcoin futures, there is no Bitcoin involved. In simple terms, because futures are financial transactions that pay in cash, no Bitcoins are really exchanged. You guess on the value of Bitcoin rather than purchasing or selling the core cryptocurrency asset.

That’s why it is more secure as investors have more liquidity.

Why are Bitcoin Futures Good Option For Traders and Investors?

Bitcoin futures are similar to any other derivatives financial asset of this type, such as oil or soybean futures. They reflect a contract to acquire or purchase a specified value of an asset on a specific day at a predetermined price. Investors frequently use future prospects for hedging dangers or theories because the price of the futures contracts is predicated on the performance of an underlying value. Investors and traders buy future prospects to set the value for a particular period, giving them the privilege of stable prices even in market volatility.

Advantages Of Bitcoin Futures Over Stocks

Below are the benefits of Bitcoin futures:

  1. Highly Leveraged– Trading in Bitcoin futures simply implies that an investor may expose himself to a far larger number of equities than he ever could if he bought the actual stock. As a result, if the market swings in his favor, their earnings grow.
  2. Backed Up By Experts – The CBOE and CME have a lengthy history of successfully providing platforms for purchasing and selling futures contracts. The introduction of such trading platforms will help to improve price discovery. That means that every new knowledge about Bitcoin will be reflected immediately in the contract prices. This will very certainly be a significant advantage to all traders and investors.
  3. Fast Money – In Bitcoin futures, an individual with strong judgment may earn rapid profit as they deal with 10 times the amount of risk as conventional equities. Furthermore, prices in futures markets change quicker than in money or spot markets. But it involves risk, so invest wisely.
  4. Reference Price – Every trading day, the contracts will be resolved using a clear reference price. That reference price may not be exact, but it will eventually be incorporated into contracts involving Bitcoin payments and receipts, just as it is in other markets. In summary, having a clear settlement price will make it easier to use Bitcoin as a payment mechanism.
  5. Liquid– Future contracts are bought and sold in large volumes nearly every day, making them extremely liquid. Market orders may be placed rapidly because of the continued existence of sellers and buyers in future markets. This also means that prices do not change significantly, particularly for contracts approaching maturity. As a result, a large stake may be quickly liquidated without causing a price drop.

There you go! Now you know all about the benefits of Bitcoin futures for traders and investors. No doubt, Bitcoin futures are alluring p[eople from all across the globe, but such currencies are very volatile. If you are looking to invest, you can surely give Delta Exchange for Bitcoin futures a try.

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Finance

6 Best Features Of An Accounting Software

A good online accounting software can dramatically improve your business’ productivity and minimise expenses. Whether you are a small business or a large corporation, the right accounting software streamlines your company’s financial processes, such as sending out invoices, accounts receivable, billing reports, financial projections and others.

Switching to an online accounting software enables you to access important financial information in a streamlined manner. It makes the lives of your employees and business stakeholders much more straightforward, empowering them with robust financial accounting tools.

However, finding the perfect online accounting software can be a daunting task with so many options to choose from. It is essential to consider your business’ specific needs before selecting the accounting software.

Here’s the list of 6 best features of an online accounting software that you should take note of –

  • Core Accounting Features– The most significant role of an accounting software is to lighten your financial bookkeeping load. Accounting software should enable core accounting features such as general ledger, accounts payable, accounts receivable, and invoice processing to ensure efficient financial functionality.

    As a business owner, the first step is to ensure that your accounting software caters to your core financial reporting needs. It is necessary to keep in mind that the core features are always more critical than enticing add-ons. Click here to check Dext’s cloud-based accounting software that captures, uploads, and tracks your cash flow, all on one platform.

  • Scalability– Before you settle on an online accounting software, it is vital to make sure that you can scale it in size and scope as your business grows. The software should either offer the option of accommodating a more extensive user base and financial information or be easily upgradable.

    Migrating to an entirely new software is often cumbersome, but you can make your life easier if you choose an easily scalable accounting software.

  • Integration/Interoperability – An accounting software should function seamlessly with other software and tools used by your business. The integration with other tools enables efficient import and export of data, thereby improving flexibility. This flexibility ensures minimal manual intervention is required in the transfer of information between systems, reducing the chances of error.

    Your online accounting software should also make it easy for your finance team to connect and coordinate with other internal teams, banks, and stakeholders.

  • Automation – One of the key features of online accounting software is the automation of grueling financial tasks such as expenses, timesheets, payrolls, and budgets. Many accounting software offers automated invoicing, allowing you to set recurring invoices, payment reminders, and even reconcile bank statements.

    Automation of these processes can dramatically improve your business’ efficiency and minimise the risk of human error. It also ensures that your accountants can make better strategic decisions with access to reliable financial forecasts, reports, and projections. This reinforces the idea that automation will push accountants towards more strategic and advisory roles, influencing major financial decisions.

  • Customisation – No online accounting software will match your business’ exact financial requirements, but good software will be highly customisable. The customisation of accounting software allows for the modification of screens, and the generation of reports and statements according to your business’ accounting needs.

    Considering these key features will lead you to the right choice of accounting software for your business.

With accounting moving towards a machine learning-empowered future, it is crucial to prioritise efficiency and intelligent decision-making for your business’ growth. The right online accounting software will strengthen your financial operations capabilities.

Still, got questions about what makes accounting software a must-have for businesses? Feel free to reach out to us. We’ll be happy to help!

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Finance

Sending And Receiving Western Union Money Order

You may get into a situation where you cannot use credit card payment, checks, or even cash. And during these situations, you can use a Western Union Money Order whether to send or receive money. If you have never used western union money order, you can follow this blog as it will discuss receiving and sending money through western union. A money order can be defined as a prepaid paper document that can be used for making purchases. However, money orders are usually only for a limited amount. Now, let’s get more into detail on sending and receiving from Western Union:

How To Send A Money Order

If you cannot use a credit card, cash, or a check to send money, your next possible option is to use a money order. Money orders are affordable, widely accepted, and are a safe alternative if you are sending them through the mail. The recipient will be able to track the payment and show proof in case it gets lost, stolen, or damaged. If you have to send a money order, you cannot pay with a credit card, so take cash, a debit card, or a traveler’s check. Once you have filled out the money order, you will also have to pay an issuing fee along with the value that you are sending. And you should always keep the receipt to track the money order, this will be helpful, in case there are some unforeseen circumstances.

Receiving A Money Order:

If someone is sending you a money order, you can track it so that you will know when you will get it. However, before receiving it, you need to make sure that it is real. And there are several things that you should look out for to notice a counterfeit money order. First off, examine the paper, there are specific marks and designs on a real money order to prevent fraud. To check, hold it up to the light and look out for the watermarks of Ben Franklin on the left side, and on the right of the ben Franklin watermark, look for a vertical, multicolored thread with the letters USPS. Once all of these checks, you should then check the dollar amount, if the amount mentioned looks discolored, it may have been erased, and make sure that the amount is printed twice. Once you have gone through all of this process, you can then receive it.

How To Cash A Domestic Money Order

If you have received a domestic money order, you should note that they do not expire and that they do not incur interest. Another important thing that you should note here is that the money order can be cashed exactly for the amount mentioned in the order. You can cash your money order at the post office, bank, gas stations, or other stores. When you are cashing out the money order, make sure that you have an identity card with you, and sign the money order only when your turn comes.

Replacing Lost, Stolen, Or Damaged Money Orders: When you have already sent a money order, you cannot stop it, but you can replace a money order that has been lost or stolen. Although you should note that, it will generally take up to 30 days to confirm a lost or stolen money order, investing the status may take up to 60 days, and there will be a processing charge fee to replace a money order. To request a refund, start with an inquiry, and once it is confirmed that it has been lost or stolen, you will be issued a replacement.

Sending and receiving money orders is not a complicated task, and you can do it easily if you follow the right procedure.

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Investment

Learning The Most Secure Investment For Your Bitcoin Or IRA Account Gold

Gold and Bitcoin are still two of the investments that most people consider worldwide. And with the significant growth of the cryptocurrency market, there is more room and possible volatility.

Bitcoin Or Gold

Given the recent slump in the Stock Market, there has been a lot of talk about alternative investments. The US-China Trade War has resulted in much fear about a potential recession. As of now, two assets are extremely popular. However, should you invest in gold or bitcoin? By now you might think this is an obvious option. Gold has been here for a long time, while Bitcoin has just come up. But, it doesn’t mean that you should overlook Bitcoin now that it is new. In this guide, you will learn the significance of investing using a self-directed retirement account.

Gold

Since 1849 (the Gold Rush), most people have aspired to get their hands on this precious metal. Most people rush to gold, or other metals when it comes to economic downturns. It has always been regarded as a safe investment. Besides a few setbacks, gold has appreciated in value since the turn of this century.

Bitcoin

Do you know what Bitcoin is? Well, here is a brief summary. You must have instantly thought of a physical coin once you heard the term“ Bitcoin”? Well, that’s not the case at all. It is actually a form of digital currency, often known as cryptocurrency. It’s created by “miners” who break cryptographic codes using computers to unlock the coin. It isn’t regulated or backed by any government. A blockchain is rather used as a ledger that keeps track of all transactions. That way, users can establish the authenticity of every “coin” use.

Use a Self-Directed Retirement Account to Invest in Gold or Bitcoin

That’s right! You can invest in Bitcoin and gold with your retirement funds. Once you self-direct your 401(k) plan or IRA, you can invest in almost anything you want. Don’t forget that it should be IRS-approved. Furthermore, most cryptocurrencies and precious metals are allowable investments.

In case you’re self-employed, then a solo 401(k) is your ideal choice for alternative investing. All other people can use a self-directed IRA. Generally speaking, both of these plans function like their regular counterparts. Nevertheless, you’re no longer restricted in the forms of investments that conventional financial institutions provide, such as mutual funds, stocks, and bonds.

The good thing about investing in Bitcoin or gold with retirement money is that the entire profit is tax-free. Conventional accounts provide tax deferral. On the other hand, Roth options enable tax-free distributions.

Should You Invest in Gold or Bitcoin?

Well, the answer relies on financial goals and personal preference. As of now, we can all agree that gold and other precious metals will forever retain their value. Although they can bring profits, particularly during economic volatility, they undoubtedly won’t quadruple in value. Gold is regarded as a safer investment. On the other hand, Bitcoin has the potential for significant returns but comes with a high risk.

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Business

5 key factors you should look in an inventory management software

The advancement in technology has helped many businesses take revolutionary steps in their business dealings, which has ultimately led to an increase in profits. It has decreased the workload of the workers and increased efficiency significantly. The inventory management software is one such invention that has assisted all businesses. The function of an inventory management software is to track goods throughout the entire process of production to end sale.

The management of the goods till the end process requires accuracy in tracking and management. Any minor error related to tracking or data entry can lead to grave problems. These errors mostly occur when people try to track the process manually, therefore the invention of inventory management software and employees monitoring software is a great asset for businesses. It takes care of the entire process and is not susceptible to errors. Inventory management software is a great blessing to all types of businesses, whether they be small or big. It enhances their business dealings and increases the professional standards of the business operations.

Here is a list of five key factors that businesses should look for in an inventory management software:

Research The Price

The cost of the software relies on the different requirements of the business. It is crucial to research deeply on the market value of an inventory management software and then invest in one. The requirements that businesses usually need in an inventory management software, is that it should be able to track the storage facility and products in the warehouse. If there is proper research done, purchasing from a vendor becomes easy as the person will be aware if he is getting the software at a profitable price or not. Knowing the market value of the software is very important for every human being planning to purchase for their business.

Focus On Customization

It is important to put more focus on the customization of the inventory management software as different businesses have different needs. Before investing, ask the vendor questions on whether the software will be able to meet all demands of your business. If there is an existing inventory management software and there is a need for another one for additional features, purchase a software that can comply with the existing one. Customized software that can fulfill the business requirements is crucial for gaining profit.

Consider The Flexibility

The inventory management software that you are planning to invest in should be flexible. The focus should be on features like, whether the software is appropriate for mobiles, the number of users who can implement it, if it is web-based or not. Putting the main attention on flexibility should be of prime importance to every buyer.

Proper Support

The inventory management software should be able to provide appropriate support along with carrying out all the tasks efficiently. It should be able to accomplish its purpose and help the business be efficient in its dealings. In case of an issue, the software provider must be available for help anytime.

Talk About The Requirements Of The Business

It is important to figure out the requirements you want in your inventory management software, before investing in one. Talking to the vendor about the requirements is crucial if you want your business to flourish. The basic requirements that businesses should usually look for in the inventory management software are, an easily manageable interface that does not require any training or documentation, the administrators should be able to add software modules seamlessly and the software should contain automatic features that are able to reduce manual labour.

MyBillBook can help to know more about this software. The inventory management software is beneficial for all businesses and helps people keep exact track of the data. Taking care of the data and the dealings manually is laboursome and requires a serious amount of effort. Since manual tracking is also prone to mistakes, this software is a suitable alternative.

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Investment

How to spot hot markets for real estate investing in WA

Are you looking for the hottest markets in WA? If yes, you have reached the right at the place. In this blog we are going to tell you where and how top to spot hot markets for real estate investment in WA. So, let’s get started.

Top places for the real estate investment in Washington.

Tacoma:

The median home price in tacoma is $318,900, with value risen 8.1% over the past years and expected to increase by 4.7% over the next years.

SeattleSeattle:

The median home price in Seattle Seattleis $741,8437420 with values having risen 2.32.3% over the past years and expected to increase by 4.3% over the next years. You must hire a professional Seattle mortgage company to get the best mortgage deals. . You must take the help of professional Seattle mortgage company to get the best deals around.

Lakewood:

The median home price in Federal is $394,000 with values having risen 7.2% over the past years and expected to increase by 4.1% over the next years

Kent:

The median home price in Federal is $394,000 with values having risen 2.8% over the past years and expected to increase by 2.9% over the next years.

Redmond:

The median home price in Federal is $715,300 with values having risen 0.3% over the past years and expected to increase by 0.1% over the next years

Kirkland:

The median home price in Federal is $715,300 with values having risen 2.5% over the past years and expected to increase by 0.3% over the next years

Bothell:

The median home price in Federal is $599,200 with values having risen 2.4% over the past years and expected to increase by 1.6% over the next years.

Bellevue:

The median home price in Federal is $903,500 with values decreased by 2.4% over the past years and expected to increase by 2.2% over the next years.

If you are interested to buy property in Washington you can contact a professional mortgage lender for availing the request for the loan. You can also get in touch with to know in what mortgage rates you will get the loan.

Reasons for buying Washington real estate investment:

Solid investment opportunities in Washington require some research because this is a very competitive market. It is one of the hottest housing markets in the nation due to strong economy, steady job growth, availability of affordable housing compared housing compared to other technology hubs in the U.S and a host of amenities that appeals to the younger generation. The state economy is expected to increase if the employment rates will get increased and if economy get increase the value of the property automatically get raised. So, if you are a real estate investor and looking for the state in the US then you should definitely opt for the Washington DC. Because it is one of the most profitable marketplaces for the real estate investors. We hope this comprehensive guide on the real estate investment will help you a lot.

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Finance

ELSS Vs SIP: What You Must Know

Choosing the right type of mutual fund is important for the achievement of your investment goals. Other factors that may determine your choice are your ability to tolerate risk, the availability of funds with you, and the period for which you wish to invest. The first step in investing is to decide your investment goals and then compare the various types of mutual funds to choose the one that matches your requirements. Here we talk about types of mutual funds– The ELSS or the Equity Linked Saving Scheme and the SIP or the Systematic Investment Plan.  Let us find out more about these mutual fund categories and their features.

ELSS: Highly Suitable for Long-Term Financial Planning

As the name suggests, this mutual fund invests predominantly in equities. But there is a lock-in period of three years from the date of the purchase.  Highly popular because of its tax saving feature, this fund offers tax exemption under Section 80C of the Income Tax Act. An investor can get a tax exemption of up to 30% (depending on his tax bracket).

Here are some things you should know about ELSS funds in India:

  • The lock-in period allows the fund manager to invest in the equities for the long term in absence of any redemption pressure in the short term.
  • ELSS funds can invest only in equities and cannot be a hybrid or even a balanced fund.
  • ELSS is a tax-saving fund and thus highly suitable for investors who wish to create wealth while saving taxes. People who are willing to take risks may find ELSS highly suitable.

SIP: In Sync with Your Financial Goals

A Systematic Investment Plan or SIP allows investors to invest in a phased and disciplined manner.  The amount deposited by an investor in a SIP can then be used to invest in equity and debt schemes. The investor has to deposit a fixed amount regularly for a pre-decided period that can vary from a month to a quarter, half-year or annually. The advantage of investing in this category of mutual funds is that it combines the benefits of price averaging and compounding.

Some important things about a SIP:

  • Discipline Plus Benefit of Compounding – This investment option inculcates discipline amongst investors as they have to contribute a specific amount after a certain period. The amount can be decided by the investor after considering their expenses. Investors also have the option of raising their contribution when they have surplus funds. The scheme offers investors the benefit of compounding which means that they earn not only on their principal deposit but also on the earnings on them.
  • Averaging – SIP investments at different times ensure that the fund managers purchase stocks at different prices with the total cost of buying a stock gets averaged over time.

The decision to choose between ELSS funds in India and SIP mutual funds will depend on the funds available to you and the timing of the investment. However, if you wish to invest small amounts every month or quarter, SIP is a better option. SIP allows investors to maximize returns by investing small sums rather than waiting to accumulate a big amount and invest in ELSS or any other form of lump-sum investment.

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Finance

How does international money transfer work

The expansion of the online market has brought revolutionary changes in the international industry. Customers do not have to stay in the confinement of their geographical limits to shop for products and services overseas. Businesses have also gotten the opportunity to connect directly with foreign buyers. Today, any e-business owner can choose a money transfer API provider to carry out international transactions swiftly. Yes, earlier, most of the international payments concerned remittances (money sent by NRIs to their families).

With the security and feasibility of online payments, some portals allow international purchases. But every person involved in such transactions wonders how it works? Well, the process is fast but not as simple as it seems to use when we make the payments. There is a long chain of bank-to-bank connections and a couple of mediating networks that help the cause. Let us understand the different ways in which this international money transfer system works.

Three Pillars of International Transactions

International transactions take place through different sources depending upon the purpose of the payers. People always lookout for the most secure and safe portals online to carry out the transactions whether it is a simple monetary transaction or an online purchase. Whatever be the cause, there is always a money transfer API provider to make things work out.

Precisely, there are three ways in which international money transfers work. The ones abreast with all these three options and their working process can make an informed decision.

Money Transferred Through Bank Accounts

Banks perform international transactions for a long time. NRIs have always relied on the interconnected chain of commercial banks supported by international sources to transfer money overseas.

  • There are two international financial messaging and connecting systems named SWIFT (Society of Worldwide Interbank Financial Telecommunication) and SEPA (Single Euro Payments Area).
  • The former covers the major parts of the world and the latter covers the entire Europe. These messaging networks help thousands of banks to connect in the event of a transfer.
  • These networks just pass the information of a debit command from one bank and pass it to the other concerned party.
  • With these two major systems working in the international markets, banks can cooperate easily and carry out the transactions. However, these processes are usually time-taking and take a couple of days to complete.

Transactions Made Using Online Payment Gateways

The online payment gateways or what we know as a money transfer API provider have made online shopping and other international transactions a secure and robust task. Businesses concerning overseas markets utilise the facilities of these service providers to create a codependent chain of online payments.

  • Payment gateway operators work on behalf of the merchants to contact the banks of both the concerned parties for completing a transaction.
  • These portals are secure, fast and use a well-integrated mechanism to perform the operations.
  • With the help of a reliable money transfer API provider, any business can reach out to masses in foreign lands to sell or buy goods.

Cash Transfer Portals

Just like the online payment gateways, there are online platforms that enable direct cash transfers. Instead of buying or selling something to reach a secure portal, one can directly access these sites to transfer cash. These portals perform the currency conversion for their users and credit the money in the mentioned accounts. The process is simple and saves time.

The purpose of a money transfer API provider is to connect the gaps between merchants and customers settled in two different parts of the world. Every business owner looking for options to expand his brand overseas should choose a reliable and secure payment gateway service provider to carry out the tasks. Most importantly, ensure rapport and goodwill in the international market.

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Investment

Top 3 Risks to Know About Before You Start Using an Online Trading App

Online trading apps are brilliant things. However, we do need to know a little about them before we start using them.

An online trading app seems straightforward and simple. For the most part, they are. There are, however, a few risks that you definitely must know about before you start using them. Here they are!

Discover the best online trading platforms in Singapore.

#1 – You Must Trade Entirely on Your Own

There is no one to help guide you with an online trading app. You will not have access to an experienced trader to ask questions from or anything. This can be daunting for new traders. There are reading materials and demo accounts that you can use to enhance your abilities. However, you still must be prepared to do the work completely by yourself.

#2 – It is Just as Easy to Lose Money as It is to Gain It

Most online trades are subject to luck. You can anticipate where the market will go through research and careful observation, but it is impossible to land a sure trade. Any and all trades, no matter how well thought out, can lead to loses. You must be prepared to make the occasional bad trade and end up losing money.

If you do your research and learn well, you have a good chance at making more good trades than bad. So long as you are earning more than you are losing, you’ll be alright.

#3 – Scams

Not all online trading apps are as they seem. Some of these apps are designed purely to take money away from you. The majority of good online trading apps won’t ask you for money at any time, other than for your deposits. If an app asks for service fees every so often, you are likely being scammed.

Are You Ready for Online Trading?

Don’t be discouraged by the risks involved. Online trading apps can be your best friend so long as you remain alert and keep learning. Good luck and happy trading!

Look at robo advisors compared.

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Finance

Do’s And Don’ts While Making A Financial Plan

Do you dream of a sound and secure financial future? If yes, then you need financial planning. So what is financial planning? It is creating definitive, step-by step strategies to secure your future, reach your financial goals and aid in wealth creation. It is an important aspect of life; simply earning money and living paycheck to paycheck is not enough. One needs to create and preserve wealth so that one doesn’t have to struggle too much and achieves their financial goals easily. If you are planning to secure your finances, there are some factors you need to take into consideration. Let us talk about these in depth.

So here are some of the important do’s you must think through while making a financial plan –

Do think about inflation

Inflation is a reality that one needs to clearly see when planning finances. Think about the compounding effect of inflation on your net savings and then strategise the best way to plan ahead and secure the future from that perspective. It is not enough to just save money; start investing it. Mutual fund investments are a good place to start to make your money grow and secure your future against inflation.

Do save up emergency funds

Set aside a portion of your finances that can cover emergency situations such as hospitalization, job loss, unforeseen events, etc. Deploy these emergency funds in liquid assets rather than long-term investments so that you can avail them whenever you truly need them.

Do your tax planning

Since taxes impact your finances directly, tax planning is an important tenet of financial planning. Plan your taxes optimally so that your cash flow is only minimally affected. Maximise tax deductions and go for various tax saving options available after studying them.

Don’ts of making a financial plan

Following are some of the no-no when it comes to creating a financial plan:

Do not create a lack in insurance

Never under insure yourself. Insurance is a crucial aspect of one’s financial well-being, and essential for you as an individual and for your family as well. There are various types of insurance that you require for different areas of your life – health insurance, life insurance, medical insurance, motor insurance, etc. Figure out which insurance policies you require for your home. And make sure that you get an appropriate value of insurance as per the human life value (HLV). Along with the premium, also take a look at settlement ratio, benefits and additional features, etc.

Do not neglect succession planning

Preparing a will is important and one needs to think about succession planning as well. Good financial planning takes into consideration not only the individual but also the spouse and family after his/her death to enable smooth transfer of financial assets to the nominees/dependants without unnecessary hassle.

Do not invest in equity for your short-term goals  

You need to know your investment option and have an investment plan in place. Study the risks; for instance, since equity is volatile and not easy to predict in periods less than 3 years, it is a risk to invest in it for short-term financial goals. It puts the investor at a risk of having to sell it before the intended duration.

So these are the do’s and don’ts of financial planning. Understanding the different types of investment available to you and knowing where to invest money will help you to create wealth in the long-term. This will ensure that your future years are not too burdened and you live a secure and happy life. Happy investing!