Page 3 - Guide To Personal Finance

Bitcoin rally: Book partial profits, full exit unnecessary unless needed

Institutional interest in cryptocurrencies is up, as is evident from the increased volumes in Bitcoin and Ethereum exchange-traded funds (ETFs)

After recent silver rally, limit exposure to 5%, enter with 7-year horizon

A weaker US dollar and lower Treasury yields have enhanced the appeal of precious metals

Diwali bonus: Splurge, but also repay costly debt, replenish emergency fund

Those without high-cost debt can invest the money to achieve financial goals

Limit small and medium Reit exposure at 5% till they develop track record

SM REITs are for investors looking to diversify

Make your investment portfolio more resilient by adding a quality fund

Investors are shifting from growth and speculative stocks towards quality stocks, which offer predictable earnings and tend to perform well in challenging market conditions

Travel insurance: Get pre-existing ailments covered by paying extra premium

Non-medical coverage includes trip cancellations, curtailments, flight delays, missed connections, and loss of checked-in baggage, passports, and other important documents

Chinese market surge: Experts urge cautious entry amid uncertain recovery

Key measures include reducing baseline interest rates by 20 basis points (bps), mortgage rates by 50 bps, and the reserve ratio by 50 bps

Love bungee jumping? Take accident cover before your next adventure trip

A medical cover may handle medical expenses but does not provide for the temporary or permanent loss of income during the recovery period and after, and expenditures such as travel costs

Festival spending: Maximise rewards with right cards, stick to planned buys

While credit cards have become the preferred payment option for many, this has also raised concerns about overleveraged, particularly during the festive season

Rebalance portfolio by directing SIPs towards underperforming assets

New investors who have picked funds based solely on past performance-primarily mid- and small-cap funds that have outperformed in recent times-should diversify their portfolios

Buy art insurance cover on agreed value basis to avoid claim dispute

Art insurance offers protection against most of the risks like burglary, fire, water damage, accidental damage, terrorism, and many more

Create, register partition deed for legally binding property division

To make the division legally binding, the partition deed must be registered with the relevant authority

Opt for e-DRS when you are seeking relief from penalty and prosecution

The e-DRS offers a faster and more cost-effective alternative to traditional litigation

Simplify your DIY portfolio management with multi-asset fund of fund

The FoF fund manager picks multiple schemes, depending on the FoF's mandate

UPS or NPS: Younger employees and risk-takers likely to stick to NPS

UPS merges elements of defined contribution and defined benefit. Under NPS, employees contribute 10 per cent of their salary while the government contributes 14 per cent

Is your portfolio heavy on growth strategy? Add dividend yield funds

"Companies that pay high dividends typically have strong cash flows and tend to be more stable," Atul Shinghal, Founder and CEO of Scripbox, says

Beyond FDs: Blend growth and income assets in retirement portfolio

Senior citizens may invest in high-quality bonds, senior citizens savings schemes, and post office monthly income schemes

Allocate 5-10% to banking funds to gain from rate cuts, valuations

Since banking and financial services is a large listed space, it has 55 passively and actively managed funds. The most recent addition is Bandhan Nifty Bank Index Fund

Passive multicap funds: Low cost, broad exposure without fund manager risk

Multi-cap schemes allocate at least 25 per cent each to large, mid, and small-cap stocks, with the remaining 25 per cent invested at the fund manager's discretion

Start, maintain Public Provident Fund account, even in new tax regime

Since PPF is a government-backed scheme, it offers full capital protection and guaranteed, risk-free return