emergency fund

I want to help my father in managing his funds as he is nearing retirement. How can I ensure stable income source for him?

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I want to help my father in managing his funds as he is nearing retirement. How can I ensure stable income source for him?

I am seeking guidance on financial planning for my parents, specifically my father, who is 57 years old and nearing retirement. He has dedicated himself to hard work throughout his career, and I am eager to ensure that he can experience a relaxing and fulfilling retirement. Current Assets and Investments: Land owned by my parents … Read more

Should you skip your emergency fund and start investing right away? Expert shares his views

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Should you skip your emergency fund and start investing right away? Expert shares his views

A valuable guideline advised by financial experts is to maintain an emergency fund – a fund that consists of a sufficient sum of money saved to sustain living expenses for a period of three to six months. An emergency fund serves as a financial buffer specifically designated for unforeseen circumstances like medical emergencies, household repairs, … Read more

I have extensively invested in Nifty 50 Index fund over the years. Should I diversify my investment strategy with market ups and downs?

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I have extensively invested in Nifty 50 Index fund over the years. Should I diversify my investment strategy with market ups and downs?

At 32 years old, my current monthly take-home pay is approximately Rs 2 lakh, with all my accumulated wealth invested exclusively in the Nifty 50 Index funds. I have already contributed Rs 28 lakh to my investments, a decision influenced by my cautious nature despite possessing a higher risk tolerance. Even in the event of … Read more

Money management: How important is to have an emergency fund? Last few months I haven’t able to save for emergencies?

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Money management: How important is to have an emergency fund? Last few months I haven’t able to save for emergencies?

In the past, I made it a point to allocate funds equivalent to at least 6-12 months of my expenses as an emergency fund. However, over the last 4 years, there were instances where I only managed to save up to 3-4 months’ worth in a liquid fund or Fixed Deposit. Unfortunately, unforeseen expenses arose, … Read more

Money and marriage: ‘Act quickly to separate your finances, when you decide to…,’ experts on divorce & finances

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Money and marriage: ‘Act quickly to separate your finances, when you decide to…,’ experts on divorce & finances

There is a significant discussion surrounding the intersection of divorce and financial management for couples who decide to separate. Divorce costs can be substantial, particularly for the ultra-wealthy, where settlements may amount to millions or even billions of dollars. However, middle-class couples, especially those facing “grey divorces” in later life, can also feel significant financial … Read more

Investment query: I suffered a huge loss. How should I utilise Rs 10 lakh without investing in high-risk options like stocks, mutual funds

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Investment query: I suffered a huge loss. How should I utilise Rs 10 lakh without investing in high-risk options like stocks, mutual funds

Investment advice: I am a 28-year-old male who recently experienced a loss and will soon have approximately Rs 10 lakh in cash coming into my account. Even though I am employed and married, this is a substantial amount of money for me, and I am unsure how to best utilise it.  I am inclined towards … Read more