At MoneyKarmas, we believe that every financial decision you make should be informed, precise, and aligned with your goals. Our mission is to demystify the complexities of finance, offering you tailored insights that go beyond information, providing a roadmap for implementation.
Entering your 20s comes with a wave of independence – earning from your first job or a small business venture marks the beginning of your success journey. Your newfound confidence speaks volumes about the path you’ve embarked upon. Yet, amidst the buzz of financial freedom, you’re bombarded with advice on spending and managing your money. It’s easy to feel a … Read more
For individuals keen on entering the stock market after witnessing their peers’ successful ventures, the choice between mutual funds and stocks becomes a significant dilemma. Questions such as the optimal investment amount and the best approach to stock market investment often arise. To address these queries, we’ll explore 15 key differences between mutual funds and stocks, assisting you in making … Read more
Navigating the annual tax-saving puzzle is a common dilemma for every taxpayer. The landscape is filled with various avenues for tax savings under the Indian income tax law, leaving many wondering about the best approach. While some opt for endowment life insurance policies or elevate their PF contributions, others resort to long-term fixed deposits under Section 80C. Now, these fixed-return … Read more
Welcome to a New Era: Today, the traditional notion of working until your 60s is fading away. The modern dream is about relishing life, venturing off the beaten path, exploring the world, and indulging in personal passions. As incomes soar, people are not just saving for the future; they’re creating a financial cushion for the unexpected rainy days. Disposable income … Read more
In the ancient world, gold, being the oldest currency, held immense value and was widely accepted in exchange for various goods. Over time, its significance grew, and alternative metals with printed values on coins emerged as currencies. The limited supply of gold, spanning various currencies and countries, contributed to its increasing value. Wealthy individuals began investing in gold, not only … Read more
You must always keep your financial goals at the center of the portfolio construction and then invest in different assets for portfolio diversification, accordingly to your risk-taking abilities and understanding.
We all wonder in our lives that where do we stand in terms of money or properties we possess or how much wealth do we need to be become financially strong and eventually free. An analysis of your economic health is essentially at regular intervals, say, every year, to be able to make any major financial decisions in your life. … Read more
Everyone dreams to live a grand life and there should be an abundance of wealth available for disposal on things to enjoy, whenever they want and require. Primarily, creating wealth is a long-term process based on our sources of income from jobs and businesses. However, for 80% of the people on this planet do hardship to earn and grow their … Read more
Mutual funds and Index fund investing have been a friend of small investors to be able participate in most rewarding asset class of equity markets, in a long period of time.
There is a possibility of risk occurrence in every walk of life. Some of those risks can be life threatening, such as, major injuries or even death. All those catastrophises may have financial implication associated with it. If the life in question, is having an economic value, that is, the person or the asset is earning income for him and … Read more