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The most common type of investment is mutual funds. It's available to rookie, intermediate, and advanced investors – all that is necessary is a basic awareness of the essentials and a desire to increase one's knowledge to make sensible, informed selections. Mutual funds, in a nutshell, are an investment program that pools the funds of multiple individuals to produce an investment product. The fund management can then use this money to buy various securities, such as stocks, gold, bonds, etc. On the other hand, each mutual fund will have a specific goal. Here are top 5 things you must check while deciding which mutual fund to invest in: 1. Do Research When deciding on the best option, there are various factors to consider right mutual fund- return expectations, risk tolerance, investment horizon, financial expertise, and so on – and the investment can be rated on past performance, expense ratio, assets under management (AUM), and your fund manager's experience. Before you be

You're approaching your peak earning years in your 40s, and you should be well on your way to meeting your long-term savings goals. Many 40-year-olds still don't have a clear retirement plan. Others put money aside, but not nearly enough. This time of life is often accompanied by significant expenses, such as paying for your child's college education, making it difficult to accumulate a substantial savings account. Although it may be time to move your saving habits into high gear, many 40-year-olds are still stuck in first gear. Here are a few savings objectives to achieve at this critical period of your life. 1. Get Out of Debt and Save as Much as You Can In your forties, credit card balances might reach new highs. This is a significant hurdle to retirement savings. If you're serious about saving, look into low-interest balance transfer credit cards. On the other hand, congratulations if you've saved at least 10% of your paycheck over the past 15 to 20 years. All y

It's no surprise that gold is considered the best investment option. As a result of market economic shifts over the previous year, gold prices have surged at an unprecedented rate. With the world becoming more uncertain, gold investments have grown important as a safe refuge for guaranteed and considerable returns. Although gold is no longer linked to currencies, it remains one of the most popular investments. Investors purchase gold to diversify their risk. The gold market, like all markets, is subject to volatility and uncertainty. Gold is an essential haven in several countries compared to other precious metals used for investment. Depending on their financial goals, individuals and investors invest in various types of gold. It is, therefore, critical to understanding the tax implications of gold investments. Unlike in the past, when buying real gold was the only way to invest in gold, now one can choose the form of investment that best meets his needs. Many gold investments inc

Have been planning to save money but don't know where to start? We all have been there at some point or the other. Saving money does not come easy. After all, almost all of us have dreams more significant than our paychecks. The good news is that saving money is not that difficult. Let's look at 51 simple tips and tricks that can help us get into saving money. 1.  Pay Yourself First  - First things first, it is super important to take some portion of our income as soon as it arrives into a savings/investment account. Ideally, it should be 20% of our income, at least. 2.  Pay Off Your Debt  - Debt traps are the worst to get into. If you owe money to someone, make it a point to pay it as soon as possible. It is okay to start with small monthly targets, but it is highly recommended to avoid paying interests as much as possible 3.  DIY Everything  - Do it yourselves can be a fun way to spend our weekends while saving us huge bucks on little things. A DIY table could cost you less t

Did you know buying gold can help you earn cash rewards on Wizely? No, we ain't kidding! Participate in the Gold Marathon and earn cash rewards up to Rs 1000 everyday on the Wizely app.  Buy Gold on Wizely Gold Marathon  starts from 4th April, Monday and ends on 10th April, Sunday  on Wizely. How Does it Work? To qualify for the Gold Marathon, all you need to do is  save Rs 100 or more in gold  every day. Save in gold every day of the marathon and get a scratch card up to Rs 1000 the next day. The more you save in gold, the more rewards you will earn.  Download Wizely There are daily and weekly rewards to be earned! And it doesn't end here: After the marathon, your total purchase is calculated and you stand a chance to earn more rewards! It takes just 2 minutes of your time to save in gold, so the best time to start is NOW! What are you waiting for? It is raining rewards on the Wizely app!  Participate in the Gold Marathon For more information you can visit here https://wizely.

  If you're tired of the usual Hollywood blockbusters but can't stand to turn off the television, it's time to consider something more helpful to watch. In today's article, we've produced a list of some of the best movies you may watch to understand the financial world better while also getting the entertainment value you crave. 1. Trading Places (1983) Eddie Murphy plays a streetwise con artist who is duped into becoming the manager of a commodities trading corporation, unintentionally replacing his successor, a blue-blooded executive played by Dan Aykroyd, in this modern-day remake of The Prince and the Pauper. Although the characters' adjustment to their new lives takes precedence, the film's final 15 minutes feature a hectic trading session in the orange juice futures pits. Without giving anything away, this sequence is worth the price of admission on its alone, but the supporting cast, the 80s nostalgia, and excellent acting from the stars make this a m

Love is in the air! Valentine's day, celebrated on February 14 each year, has traditionally been connected with the idea of giving something extraordinary. However, following societal norms when giving a priceless gift to a significant other on Valentine's Day is not always required. As a result, this Valentine's Day, you can go above and beyond societal norms to gift your partner something that can give them more power in the future. 1.  Discuss Your Financial Health With Your Spouse : While you're out on a romantic meal with your partner for Valentine's Day, you can utilize the time to talk about your financial health, your goals, and objectives. Plan an investment strategy with your partner, taking care to address each other's assets and liabilities, so you're on the same page in the future. You can share financial duties and be each other's, financial partners. 2.  Invest in Their Future : Instead of lavish jewellery or an expensive iPhone, give your

  Do you want to earn some extra cash while learning some awesome financial tips and hacks?    Download Wizely Answer this 1 simple question to earn an INSTANT REWARD of up to Rs 50 on the Wizely app!  Download Wizely In the Wizely app, you can earn scratch cards EVERY DAY by completing simple financial tasks and participating in financial challenges. And every Wednesday, you will get a chance to earn up to Rs 25 lakhs! Just download the Wizely app and see for yourself! Well, what are you waiting for? Grab this golden opportunity and earn rewards on the Wizely app everyday! For more information, you can visit here https://wizely.in/wizeup/earn-extra-cash-instant-rewards/

  If you are looking for an app that can help you improve your financial habits and also help you make some extra cash along the way, then you have come to the right place With Wizely, you can earn rewards (in the form of scratch cards) everyday for completing simple financial tasks and increasing your Financial score on the app. And every Wednesday, you get a chance to earn a Mega Cash Reward of up to Rs 25 lakhs! The maximum amount you can earn through this special Wizely Wednesday scratch card every week will be based on your Financial Wellness Score on that particular Wednesday. To know more about what is Wizely Wednesdays and how can you increase your Financial score, check out this blog and video: What is Wizely Wednesdays? Follow These Simple Steps to Get Started with Wizely 1. Download the Wizely app from the link below 2. Sign up on the app with your phone number, name, email ID and DOB. 3. Once you complete the initial sign-up, enter your salary to complete the 1st financial

  We all wish to invest our money, achieve our financial goals and have a happy and secure future. But before we invest, it is important to improve our understanding of different investment instruments - what they are, how they work and how will they help us build a secure future - before taking any decision with our investments. In this article, we will aim to understand Bluechip Funds - what are they, their features, why should you invest in them and how they can help secure your financial future. So let's begin. What are Bluechip Funds? Bluechip mutual funds are the ones that invest in blue-chip stocks or shares, i.e. stocks or shares of well-established companies with excellent overall financial performance. Bluechip mutual funds seek to provide growth and stability to an investor's portfolio and may turn out to be a good investment option in turbulent economic conditions. Watch this  live session  to know more about Bluechip Funds. With Wizely, you can invest in  ICICI Pru

We all know that developing good financial habits helps us in the long run by giving us complete autonomy over our finances. How we spend our money today decides how good or difficult our financial lives will be tomorrow. And by now, you should also know that good financial habits can also help you earn rewards and make some extra cash! Yes you guessed it right! We are indeed talking about Wizely Wednesdays! With Wizely Wednesdays you can earn scratch cards (aka rewards) everyday for increasing your Financial Wellness score by completing simple financial tasks on the Wizely app. And every Wednesday, you get a chance to earn a Mega Cash Reward of up to Rs 25 lakhs! The maximum amount you can earn through this special Wizely Wednesday scratch card every week will be based on your Financial Wellness Score on that particular Wednesday. You can know more about Wizely Wednesdays: What is Wizely Wednesdays? Now, the question still remains - What are the ways to increase your Financial Wellnes