Seafarers Money Clinic Blog
6 Factors that Affect Currency Exchange Rates
1. Inflation
Inflation is the rise in price level of an economy over a certain period of time. Inflation is said to have an inverse relation with the strength of the currency. The lesser the inflation, the stronger the currency. Increased inflation is caused because of increase in prices of goods, with no or relatively lower increase in the purchasing power, among many other reasons.
Who is a financial advisor?
A financial advisor is someone with specific expertise in money management who can help you to plan and save to meet your financial goals. The services financial advisors typically offer include budget and retirement planning, insurance advice, developing tax and investment strategies, and estate planning. Their role is to support you in all aspects of your financial life
Risks of investing in Real Estate!
“Real estate investment gives you high returns, great value and low risk”. In the past decade, a majority of Indians believed in this statement. As a result, we were not surprised to find that more than half of our customers had around 80% of their wealth invested in real estate. Though real estate investment is a good option in general, allocating such a high proportion of one’s hard earned savings to one asset class is a big risk. Let us see the main reasons why over allocation into real estate could be a risky proposition.
The Importance of Portfolio Reviews
It can be said that the hallmark of great Financial Advisors is the efficiency and efficacy of their Portfolio Review process. We live in a dynamic era, in which reality is evolving on an almost continuous basis. In such a scenario where today’s reality may be markedly different from yesterdays, the convenient “SIP it, shut it, forget it” philosophy may not hold its ground too well. It becomes critical to revisit your investment portfolio at least once a year, or if high-impact economic events take place, to make sure everything is still in sync. Here are five key objectives that conflict-free Financial Advisors aim to achieve during a periodic Portfolio Review.
How to build an emergency fund in 3 steps
An emergency fund is the need of the hour. Emergencies come unannounced. The economic distress is spread wide and affected people from all walks of life. Job losses and reduced income have caused severe stress to families. Most people have learnt it the hard way and now understand the importance of having an emergency fund.
How Much Life Insurance Do You Need
Insurance is an important tool of risk mitigation and a critical aspect of financial planning. Life insurance allows an individual to ensure that his loved ones and financial dependents can continue to lead a decent life and meet their expenses.