How much to Invest in Share Market?

People often confuse between the terms need and want. Need is something which is necessary for us to survive. Want is an added luxury. It is not required for us to survive. People’s wants increase depending on their financial income. For some people, even a ceiling fan is difficult to afford whereas some others can afford even a private jet. That is the irony of life. Sometimes greed gets the better of people for earning money. Hence, they invest all their savings in stocks and become bankrupt in the long run.

You don’t need a huge amount of money to foray into investing. You can start with small amounts as well, based on your income. First, create a budget. Once that’s done you can determine the amount to be allocated for investing. Long term investing is better because you will be able to understand the market and how it works. You can earn compounded gains through this if invested for the long term.

Before investing in stocks, it is better to hold some funds for emergency purposes. Make sure you are debt free before you begin investing. 

Proper planning and research are necessary to invest in stocks. Don’t invest all your funds in a single scheme. Diversify your options. Any investment in stocks requires a trading account. A trading account can be opened online with zero charges. Invest based on your risk tolerance levels. 

Invest in companies which have a proven track record in their field and which have been in the industry for a considerable amount of time. Acquaint yourself with the technical skills required to analyse and evaluate the market and equip yourself with the required strategical skills. 

The right stocks can give higher returns. Investing in smaller amounts is a wiser option because you wouldn’t be losing much. Even mutual funds of well-known fund houses can be chosen to invest for this purpose.

You can approach an online trading company like Goodwill for guidance and advice related to investments. For detailed queries, you can reach out to Goodwill at admin@gwcindia.in or give a call at +91 - 44 - 4020 5050.

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How to Plan for My Daughters Marriage?

Marriage is a beautiful happening in which two people promise each other that their sorrows tears, happiness and joy will be shared forever. It is a very special day in the lives of these people whose lives will change for eternity.  Everyone dreams of having a grand wedding with great fanfare and splendour and such is the trend today. Grander the wedding, grander is the joy and expenses.

The main expenditure is on how the bride and the groom will look on the “d” day, and nothing can enhance your features like jewellery. You can start buying small quantities of silver, gold and diamond through small investments. Systematic Investment Planning is which involves investing on a periodical basis based on your financial income is the best option available if it’s the parent who is paying for the wedding.

The first step is to assess your capability and calculate the cost of the marriage. Calculate the budget required to plan the marriage but, do estimate the expenses based on the future scenario. Then find the amount you can save monthly for investments. 

Invest in schemes which require periodical allocation of funds. Endowment assurance plans serve as a great option for investment. Premiums can be paid based on financial status. For purchasing jewellery, determine the amount required at the time of marriage.  Next, determine how much gold should be purchased monthly to reach the specified target. There are schemes for varied jewellery items and do not concentrate on gold alone.

If there is less time for planning and the wedding needs to be on a grand scale, opt for wedding loans. You can opt for schemes which offer lower policy rates. They function as personal loans where you have to pay EMI monthly. There are certain criteria to be satisfied before availing this option. Check your monthly salary and CIBIL score which determines your eligibility to avail this loan. 

Since it swallows a huge part of your expenditure, it is better to not rely on savings alone and wait till the last moment to start investing. Certain costs can be cut off by avoiding lavish spending of money on unnecessary services.

To know more about the available investment options, you can contact Goodwill at admin@gwcindia.in or call us at +91 - 44 - 4020 5050.



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How to Plan for My Child's Education?

Every kid will have different ambitions in life. When asked about it, you might receive interesting answers. Some will even surprise us, but aren’t they worth the dream they dream of and isn’t it us who should give them the chance to live their dreams?

Which is the most valuable asset you can offer to your children? Education. If there is one thing which can change this world and the views of the people, it is education. It changes the way we perceive the world. It is a perpetual process. It offers a sense of freedom and independence. It is not just knowledge which sums up education. It also includes the necessary skills required to lead our day to day lives. 

Providing quality education to the children is the most important necessity of a parent. Educating a child involves long term investments. The day a child is born, parents should start investing. Starting from kindergarten, it involves nearly 18 long years of the learning process. Also consider the fact that with every passing year, the cost of education also increases. 

Invest in the right options to obtain higher returns. Public Provident Funds is an excellent option for investment for meeting the children’s educational needs. You can also opt for ULIP (Unit Linked Insurance Plans). Investing in equities is a wise option because it gives returns based on inflation. 

Endowment policies are tailored to suit the needs of educational investments. First, zero in on the base cost and also analyse various parameters such as inflation and the change in the economic situation every year. 

When it comes to higher education, the cost also increases considerably. Before investing, analyse and research the risk factors involved in various options. When there is no other way to arrange the funds, you can go for education loans.

One of the many options for investment is the fixed deposit. They offer a substantiate amount for education and also provide higher returns. There are special insurance plans called as Child plans which gives the economic stability for providing education. Divide the age range and save depending on the educational needs for that particular age.

Debt mutual funds are more tax efficient when compared with bank deposits. Recurring deposit in a bank or investments in stock markets also provide good returns.

For further information, you can contact Goodwill at admin@gwcindia.in or give a call to +91 - 44 - 4020 5050.  Before you plan for your kid’s education, educate yourself with the free classes and webinars provided by Goodwill and plan the journey you have to take with your kid in the lead.



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How to Plan for Buying a Home?

“Home sweet home”, they rightly say. There is no better place than at home. We might go to Maldives, Venice or even to Mars, but our heart will always yearn to be at home. It is a feeling and not a place. We feel relaxed and at peace when we are in the comfortable nook of home. There is a sense of belonging that we get which embraces our soul. 

Everyone at some point dreams of buying a home. It requires judicious planning and a well thought out plan. It involves a lot of responsibilities and commitments which are to be taken care of with utmost care and regard. Arranging funds is an important task in itself. For this, you have to start saving early. Delaying this process will delay your home. First-time buyers can opt for home loans as they offer funds instantly. The important point to consider here is the down payment to be paid. The funds must be arranged beforehand to prevent any problems in the future.

The loan can cover only 80 per cent of the expenses. The 20 per cent of the remaining funds should be from your resources. Before applying for a loan, you must start saving funds for the initial payment. You can invest in mutual funds for paying the down payment. You must also be prepared to pay the EMI’s if there are any. The longer time you invest in mutual funds, the higher will be the returns. The term of the loan should depend on your financial capacity.

Long term loan means the monthly payments will be lower. Compare the interest rates and the terms of the repayment. Home loans offered in Public Sector Banks are quite cheaper and offer a lower rate of interest. Home loans offer tax benefits. The interest on a loan for buying or constructing a house is eligible for tax deductions. In case of a joint home loan, both the persons can avail tax exemption.

The Government also offers a lot of incentives and privileges for first time home buyers. SIP SIP is a great choice of investment depending upon your affordability levels.

For further assistance and support, feel free to contact Goodwill at admin@gwcindia.in or give a call at +91 - 44 - 4020 5050.


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How to Save for My Future Goals?

“The future belongs to those who believe in the beauty of their dreams.” You must always live in the present but not without a proper plan for the future. From a toddler to an aged person, everyone will have goals in their life. A 5-year-old child might want chocolates or toys. A 10-year-old child might want a cycle. A 20-year-old person might want a flourishing career. The answers might vary from person to person. But their ultimate destination is their goals.

We all know that the future is uncertain so a little planning would always be helpful. The first step is to understand our financial capability and our cash flow. You can start by monitoring your expenditure. Once you identify the unnecessary expenses, cut them down and set up a monthly budget.

First, decide on the goal for which you require savings. It can be for anything from getting your dream car to going on world tour. The next step is to decide the amount of money to be saved for that goal. Start setting aside the required amount monthly.

Next step is to have an emergency fund which can help as a reserve during the shortage of funds. You must always start preparing for your retirement fund once you start getting your salary and not delay. You must try to save some surplus amount from the budget. 

There are short term and long term goals. Savings must be done based on the priority of the goals. Mutual funds, bonds and stocks can be used for investments for achieving long term goals like education and marriage.

There may be times when you will have to sacrifice the money you spent on certain luxuries to save for your goals. If you focus only on wants and not on needs, it can cause problems for your retirement funds. But, if you focus only on the future without living in the present, then there will be no enjoyment.

You can invest in various schemes depending on your goal. Mutual funds are a good option for investment for medium and long term goals. Stocks are also a good option because you own a share of the company and will get good returns if their value increases.

Understand your needs and choose the correct tool for investment. For more information and guidance, contact Goodwill at admin@gwcindia.in or give a call at +91 - 44 - 4020 5050.


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How to know Investment Tricks in India?

India is a cricket loving nation and who doesn’t love Dhoni? Even though he has stepped down from captaincy, he still assists the team during crucial stages of the match. Standing behind the stumps, he not only radiates confidence but also imparts courage to his teammates. Don’t we also need someone like Dhoni to offer us tips and tricks? Not on cricketing, but on investing.

We might not have a Dhoni, but we have Goodwill for providing us with the necessary investment tricks. The basic point is to invest in companies which have proved to be exemplary in their domain. Always make realistic investment decisions and not based on returns always. There must always be thorough research and planning before beginning an investment. Don’t invest randomly rather associate your investment with a futuristic goal you wish to achieve. 

Allocate your budget for each month and concentrate on financial planning. Never plan your investments in a single option and diversify it in financial instruments like bank deposits, insurance, bonds, stocks and pension funds. No market is stable and might go downhill from time to time. The key is not to panic during those times and wait for it to bounce back to the normal stage again.

It is always better to avoid herd mentality as Warren Buffet has rightly pointed out that “Be fearful when others are greedy, and be greedy when others are fearful!" You take your own decisions based on the information you have obtained and the research you have done.    

Always invest in a stock you understand and don’t make decisions based on hearsay. You should never time the market. Always invest the money in a periodical and systematic approach. You must never let your emotions take control of you in taking decisions regarding investments. Don’t be either over-optimistic nor pessimistic. Have realistic expectations.

Invest using your surplus funds because the stock market is quite volatile. Constantly review the market and how the trends follow.

You can contact Goodwill at admin@gwcindia.in or give a call at +91 - 44 - 4020 5050 for market updates and personalized advice.



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How to know the Trading Tricks?

Everyone would have heard of Mahabharata, the great Indian epic. During the war of Kurukshetra, Abhimanyu, the son of the great warrior Arjuna would offer to go inside the Chakravyuh. It is a defensive formation used in wars which appears like a lotus from above. It was difficult to break into the formation and enter the zone. He knew only to break into the formation and enter but was unaware of a way out. Since no one knew how to break it, he agreed to use his knowledge. He eventually died because he didn’t know a way out. Half-baked knowledge is hence always dangerous.

Before entering into a field, you must understand the nuances and the tricks of the market. Without understanding the domain, it is not wise to proceed with the process. First, acquaint yourself with the basics and working of the stocks. Online trading companies like Goodwill offer training programs every week and also conduct webinars to educate you further. 

 

You will be taught to evaluate using technical tools. You will be taught to predict the pattern and behaviour of shares. The next most important point is support and resistance levels. These are a set of predetermined values at which the value of the stocks tend to stop and reverse. 

Once the techniques of support and resistance are understood, it will prove to be beneficial in the long run. The common saying frequently used here is “Buy low and sell high”. Always start with small investments. It’s good to have realistic expectations and not be over-optimistic or pessimistic.

Don’t expect to gain huge profits always even obtaining smaller gains is fine. These gains eventually add up. The risks are minimal. Before investing, conduct thorough research and study of the stocks. Don’t let your emotions cloud your decisions. Think smartly and act wisely.

For more information regarding trading, contact Goodwill at admin@gwcindia.in or give a call at +91 - 44 - 4020 5050. 

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How to Get Market Information Before Investing?

“It is in your moments of decision, that your destiny is shaped” by Tony Robbins is rightly said. While making decisions whatever it might be you have to be sure of your facts before making it. Obtain the right kind of information before taking the big step. 

The first step, however, is to educate yourself with the basics. Try to get hold of information regarding various securities and how they operate. 

Always validate the authenticity of the news you hear and don’t jump to conclusions based on it. Many people make decisions based on hearsay gossips. Rather than taking a spur of the moment and making decisions based on the news you hear, stay updated with the current trends of the market.

There is no better repository of information than newspapers. Start reading the newspapers regularly as there is no better way to accumulate knowledge than reading. Watch the news channels and stay updated with the current trends. 

Research is the best way to obtain validated information. Start researching the industry and the company you want to invest your stocks. Analyse the trends in various companies in the industry. Start reading the annual reports of the companies you wish to invest. Analyse the weaknesses and strengths of the companies. 

Next check the financial credentials of a company. Go through the income sheet and balance statements. The management should be the best in their industry and possess sound knowledge. Go through the past trends and the profit margins and find out how the future trends will be. 

Check the products of the company and think if it would be of any help in the future. Make sure the company has a competitive advantage. Once you gather all this information, choose the company which suits your needs.

The one thing you should avoid is the herd mentality. It brings your decisions downhill. Don’t follow the crowd and think individually Rather than investing in a stock based on herd mentality, invest in stocks which are known to you.

To take sound and informed decisions regarding investment, contact Goodwill. You can contact Goodwill at admin@gwcindia.in or give a call at +91 - 44 - 4020 5050.



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How to Do Financial Planning?

You get your first salary. You are completely overwhelmed. What is the first thing you will do? Buy things that you wanted to buy since forever and gift your loved ones. It does make everyone happy but what’s the smarter option? Invest the money for your future goals to plan your financials. You don’t necessarily have to put away your first salary, but you can give away parts of your salary in the process of safeguarding your future.

Every individual dream of owning a house, a luxurious car or a trip to their favourite destination. The list is endless. It might be difficult to accomplish it, but it’s not impossible. The most important point here is to differentiate between your short term and long term goals.

There are a vast number of investment options. It varies depending on the term of the goals. Start with a budgeting plan enlisting all the monthly commitments and the money spent on it. Cut down the unnecessary expenditure. 

To start with investments, check on your current financial status. Research on the associated risks as well. Investing in insurance is a laudable decision. It is an investment for unforeseen circumstances which can happen in the future. Investment in stocks, mutual funds and bonds is a good idea. 

Stocks are a great option for investment. All it requires is patience, perseverance and a focused mind. Bonds are less risky than stocks. You receive interest for the money you lent. Mutual funds are useful for accomplishing long term goals. The most important point is to diversify the investments and not completely depend on a single investment. 

Though the options are abundantly available, a well-informed decision requires an adequate amount of research. Don’t jump to conclusions based on hearsay facts. Approach experts like Goodwill for obtaining sound financial advice.

Sound planning will always help in averting undesirable circumstances. It makes us feel safe and secure for our future. It will inculcate a disciplined nature in managing monetary funds. It is not a Herculean task. All it requires is a well-thought plan and an urge to live a satisfying and comfortable life in the future.

Still worried and confused about how to proceed with financial planning? Don’t worry when Goodwill is here is to help you. For detailed information and guidance, please feel free to contact Goodwill at admin@gwcindia.in or give a call at +91 - 44 - 4020 5050.



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