Index funds are a popular investment option for many individuals due to their simplicity and low costs. They are designed to track the performance of a specific market index, such as the S&P 500, by investing in the same securities as the index in the same proportion. However, just investing in an index fund is not enough. Asset allocation is a crucial component of index fund investing that can help investors achieve their financial goals. What is asset allocation? Asset allocation refers to the process of dividing an investment portfolio among different asset classes, such as stocks, bonds, and cash. The goal of asset allocation is to create a diversified portfolio that balances risk and return, based on an investor's financial goals, time horizon, and risk tolerance. Here are some
Read MoreMonth: March 2023
For many people, going on an international vacation is a dream that they hope to fulfill someday. Exploring different cultures, cuisines, and scenic landscapes is an experience that enriches one's life and broadens their perspective. However, the cost of an international vacation can be a deterrent for many. It requires a significant amount of money to fund airfare, accommodation, food, and travel expenses. One way to make an international vacation more affordable is to plan and invest in advance. Systematic Investment Plans (SIPs) are a great tool for investing towards your international vacation goal. Let us see how you can plan an international vacation effectively using an SIP. What are SIPs? SIP stands for Systematic Investment Plan. It is a type of investment method offered b
Read MoreAirtel is a popular telecom brand and has always been known for its amazing quality of products. They also offer a lot of services – prepaid and postpaid SIM cards, DTH, broadband, and a lot more. As a result, the usage of Airtel amongst people is today on the higher side, & some of them are also its loyal customers for life! Now, in today’s times, everything has moved online. As a result, doing Airtel online prepaid recharge, paying your monthly bills, recharging FASTag and more – all this can now be done with the Airtel Thanks app. Regardless, there can be some people who are not comfortable with the digital journey and wish to go the old school way – offline. Now, to take advantage of Airtel’s services by going offline, you will have to visit your nearest Airtel store. But wait! H
Read MorePfizer Inc Recalls Over 4 Million Migraine Medication Packages over the Risk of Child Poisoning: Receives a Favorable Voting from the US FDA for its Paxlovid
Pfizer Inc. is recalling over 4 million Nurtec ODT PMM (prescription migraine medications) over child poisoning risks. It comes against the backdrop of the company's failure to create child-resistant packages that are also safe for children. Affected persons can get child-resistant packages In today’s latest news, Pfizer is recalling 4.2 million rimegepant, orally disintegrating 75 mg tablets. The company sells these tablets in eight-dose packages on a blister card. In a communiqué on Thursday, the consumer product safety commission in the US said those affected can get a child-resistant pouch freely from the company and store their medications in it. According to the Consumer Product Safety Commission, pharmaceutical companies are obligated to dispatch prescription drugs in child-resis
Read MoreHealth insurance grace periods allow you to pay premiums after the renewal deadline. Buy health insurance coverage with the most extended grace period to renew it beyond the deadline. Grace Period? You get a grace period if you miss your health insurance premium renewal deadline. Your mediclaim policy may be cancelled or penalised if you wait to pay in time. Most health insurance plans have a grace period. How Does Health Insurance Grace Period Work? The grace period allows you to pay your health insurance premium if you cannot pay due to unforeseen circumstances. The grace period varies by insurance company and mediclaim coverage. Insurance companies A and B may have different grace periods. Even identical. Thus, you must contact your insurance carrier or read your contract to determ
Read MoreYou may have heard that a car insurance policy must be renewed annually. People consider renewing car insurance yearly to be a tedious task that they avoid entirely. As a result, they are not only breaking the law but also putting themselves in severe financial jeopardy. To avoid this situation, the insurance regulatory and development authority of india (IRDAI) has made multi-year policies mandatory for car owners beginning September 1st, 2018. As the name implies, a multi-year car insurance policy is valid for more than one year. The car owner is not required to renew the policy every year. This also implies that financial cover can last longer. It’s wise to check car insurance online to understand these better. First, let's determine which aspects of a car insurance policy are requir
Read MoreA Demat account, short for a Dematerialization account, is an electronic account that holds an individual's shares and securities in a dematerialized form. In simpler terms, it is a way to hold stocks, bonds, and other securities in an electronic format instead of traditional physical certificates. The Securities and Exchange Board of India (SEBI) made it mandatory to hold a Demat account for certain transactions in 1996, and since then, it has become an essential tool for trading in the Indian stock market with the help of stock trading. There are several situations where it is compulsory to have a Demat account, and they are as follows: Trading in shares: If you wish to trade in shares listed on the Indian stock exchanges like the National Stock Exchange (NSE) or the Bombay Stock
Read MoreOptions trading offers a unique opportunity for the savvy investor looking to diversify their portfolio, reduce risk and increase potential returns. An option is a contract that gives its owner the option, but not the constraint, to buy or resell an asset at a predetermined price within a given period. Understanding how options work can be tricky for novice investors as there are many options with varying strategies and potential techniques. This article will provide an overview of the principles of options trading for novice investors so readers can gain insight into this investment tool. What is an option? An option is a financial derivative that grants its holder the ability, but not the constraint, to buy or resell an underlying asset at a determined price within a specific time.
Read MoreInvesting in mutual funds is one of the most popular ways to grow wealth and generate income over the long term. With the availability of a wide range of mutual funds, it has become accessible to every type of investor, from beginners to seasoned professionals. While mutual funds offer numerous benefits, it is essential to choose the right type of mutual fund for your investment goals. The two most popular choices available are regular and direct mutual funds. This article delves deeper into the workings of regular and direct mutual funds and explores which option is better suited for you. What are direct mutual funds? Direct mutual funds are those that are bought and sold directly from the fund provider, with no participation from third-party intermediaries such as brokers or financia
Read MoreShared and Dedicated Hosting are two of the most common types of web hosting available. In Shared Hosting, your website is hosted with other websites on a single server, meaning, you have neighboring websites that share the server with you. In contrast, in Dedicated Hosting, you have the entire server and all its resources to yourself. It’s just your website that is hosted on a physical server. Though it may seem like Dedicated Hosting is more advantageous, both have their own set of advantages and disadvantages. And both are required in the web hosting world. Below we have outlined how Dedicated Hosting and Shared Hosting stack up against each other: Performance Website performance plays a crucial role in attracting new visitors, keeping customers on the website for longer an
Read More