- Joined
- Aug 19, 2023
- Messages
- 911
- Reaction score
- 40,647
- Points
- 93
- Thread Author
- #1
Money Hack
How to select Mutual fund
If we want to buy mutual funds, we go to banks or brokerage firms; we search online for top mutual funds.top mutual funds. In banks, they pitchIn banks, they pitch their products. Brokerage firms are interested in selling products intheir products. Brokerage firms are interested in selling products in which they get the hwhich they get the high percentage. Financial advisers are also trained to sell productsigh percentage. Financial advisers are also trained to sell products which are profitable for the cowhich are profitable for the company. If you search online more thanmpany. If you search online more than 11,000 mutual funds seems to be available. How will you select it? Allfunds seems to be available. How will you select it? All can’t be right performing.can’t be right performing.
We individual only should take charge of it.We individual only should take charge of it.
SIP (systematic investment plan) is a lifetime investment, so it's essential to choose the right one. We mightright one. We might go to ango to an excellent financial adviser suggested by friend or relativeexcellent financial adviser suggested by friend or relative but how will you know whether that person is knowledgeable or no, whether he isbut how will you know whether that person is knowledgeable or no, whether he is giving non-biased suggestions or just thinking about his brokerage/ commission only.giving non-biased suggestions or just thinking about his brokerage/ commission only. You should take charge of your investments.You should take charge of your investments.
How to buy home loan at 0% rate of interest-
You can follow following tips:-
Take tenure of the homeTake tenure of the home loan between 20-30 years, (try to take on theloan between 20-30 years, (try to take on the higher side,higher side, i.e.,.30 years ), so thei.e.,.30 years ), so the installment will be less.installment will be less.
Invest 10% of your installment in the mutual fund which gives at least 15% return.Invest 10% of your installment in the mutual fund which gives at least 15% return.
Now if your installment is said 10000 then 10% of it, i.e.,1000rs you put in mutualNow if your installment is said 10000 then 10% of it, i.e.,1000rs you put in mutual funds. The home loan interest rate ifunds. The home loan interest rate is 8.5%.s 8.5%.
If you keep investing these 1000 rupees till your home loan exists and do not take outIf you keep investing these 1000 rupees till your home loan exists and do not take out any money in between then your totalany money in between then your total home loan interest of 30 years yohome loan interest of 30 years you have earnedu have earned already. You can check Google calculators.already. You can check Google calculators. You will get back your interest as well as home price with thisYou will get back your interest as well as home price with this 10% investment.10% investment
Please leave likes guys and supporting for more informations
How to select Mutual fund
If we want to buy mutual funds, we go to banks or brokerage firms; we search online for top mutual funds.top mutual funds. In banks, they pitchIn banks, they pitch their products. Brokerage firms are interested in selling products intheir products. Brokerage firms are interested in selling products in which they get the hwhich they get the high percentage. Financial advisers are also trained to sell productsigh percentage. Financial advisers are also trained to sell products which are profitable for the cowhich are profitable for the company. If you search online more thanmpany. If you search online more than 11,000 mutual funds seems to be available. How will you select it? Allfunds seems to be available. How will you select it? All can’t be right performing.can’t be right performing.
We individual only should take charge of it.We individual only should take charge of it.
SIP (systematic investment plan) is a lifetime investment, so it's essential to choose the right one. We mightright one. We might go to ango to an excellent financial adviser suggested by friend or relativeexcellent financial adviser suggested by friend or relative but how will you know whether that person is knowledgeable or no, whether he isbut how will you know whether that person is knowledgeable or no, whether he is giving non-biased suggestions or just thinking about his brokerage/ commission only.giving non-biased suggestions or just thinking about his brokerage/ commission only. You should take charge of your investments.You should take charge of your investments.
How to buy home loan at 0% rate of interest-
You can follow following tips:-
Take tenure of the homeTake tenure of the home loan between 20-30 years, (try to take on theloan between 20-30 years, (try to take on the higher side,higher side, i.e.,.30 years ), so thei.e.,.30 years ), so the installment will be less.installment will be less.
Invest 10% of your installment in the mutual fund which gives at least 15% return.Invest 10% of your installment in the mutual fund which gives at least 15% return.
Now if your installment is said 10000 then 10% of it, i.e.,1000rs you put in mutualNow if your installment is said 10000 then 10% of it, i.e.,1000rs you put in mutual funds. The home loan interest rate ifunds. The home loan interest rate is 8.5%.s 8.5%.
If you keep investing these 1000 rupees till your home loan exists and do not take outIf you keep investing these 1000 rupees till your home loan exists and do not take out any money in between then your totalany money in between then your total home loan interest of 30 years yohome loan interest of 30 years you have earnedu have earned already. You can check Google calculators.already. You can check Google calculators. You will get back your interest as well as home price with thisYou will get back your interest as well as home price with this 10% investment.10% investment
Please leave likes guys and supporting for more informations
