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Late in investing? Here’s what you should plan

Jacob Scott

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Have a disciplined and systematic approach and use schemes with the power of compounding. (File Photo REUTERS)

By Deepak Jasani

Start Saving Early. We’ve heard these are 3 words countless times before, and they hold true even today. But life seldom goes as planned, and often circumstances don’t allow us to start investing as early as we would have liked to. Fortunately, while investing for future goals, another mantra holds true as well, which is “better late than never.” If you’ve been delayed entering the world of investing, there are ways to make the most of the time you have on hand to secure your future and build a corpus for a comfortable post-retirement life. Here are some tips for you to consider.

Starting in Your 30s

While we understand that everyone’s circumstances are different, there are some common things that hold true for us all. Let’s assume that by your 30s, you have some years of professional experience, acquired valued skill sets, and have a more or less strong footing in your career. You might be in a mid-senior position and climbing the income ladder steadily. Considering that you are likely to retire by 60, you have a solid 25-27 years to build a good nest egg that can take care of your children’s education and marriage, foreign vacations for the family, owning a home and a new car, or even starting your own business. The key is to invest smart by diversifying your portfolio and then giving it time to grow.

Here are some ways to diversify your portfolio:

– Equities and mutual funds: Consider investing in equity funds like ELSS (Equity- Linked Savings Scheme), which offer higher return potential. ELSS are tax-saving mutual funds, in which you can invest through a single lump-sum payment or take the Systematic Investment Plan (SIP) route. However, these investments are riskier than fixed-income schemes like Bank deposits or PPF. Consider building a strong portfolio with 70%-80% holdings in stocks and mutual funds if you are looking for higher returns and can stomach market fluctuations.

– PPF: Public Provident Fund or PPF can offer you deductions of up to Rs 1.5 lakhs on your taxable income in a financial year under Section 80C. It yields taxfree interest income that keeps changing from quarter to quarter in a narrow band. It is a low- risk, sound strategy for the long-term horizon.

– Alternative fixed-income schemes: Many other investments can offer capital protection, low-interest income, and tax benefits like debt funds, tax-saving FDs, and more. It could be useful to have 20%-30% holding in debt instruments.

– Insurance: This is the right time to invest in appropriate life and health insurance, to provide your family financial coverage for the future.

Have a disciplined and systematic approach and use schemes with the power of compounding. Consider increasing your investments whenever possible.

Starting in Your 40s

In your 40s, you are likely to have settled into your career. You need to evaluate your financial responsibilities now and start planning for your retirement as soon as possible. Higher earnings translate into higher living standards and expenses, which might upset savings and investment plans. It is wise to plan the budget in advance and keep track of
expenses.

– Equity and mutual funds: Consider allocating 60%-70% in stocks and mutual funds. Given the duration of the investment, mutual funds can serve you well. Pension
plans provided by mutual funds can allow you to build a retirement corpus, as well as benefit from tax savings.

– PPF: If you have a low-risk profile, PPF investments could be a good option. You might also consider the Sukanya Samriddhi Yojana, for your young daughter, and save for her education and marriage expenses. PPF and NPS (National Pension Scheme) are great tax-saving investments too.

– Debt instruments and bonds: Consider 30%-40% asset allocation in debt instruments and bonds for stable returns.

A major goal at this stage of life is to become debt-free. Work towards repaying your loans and continue your investments in insurance to minimise future financial risks for your family. Time flies, and it is essential to decide on your retirement corpus. This is important if you plan for early retirement.

Starting in Your 50s

Your 50s are the pivotal years on the road to retirement. If you haven’t started investing yet, there are still ways to rectify the situation. These are your peak earning years, so tax-saving and planning need to figure on your list. PPF and NPS are some instruments that are safe investments, offer tax benefits and reliable channels to build income in the long term. But, make sure you have a good mix of equity as well in your portfolio to increase your return potential. You still have 10 years to retire. So, you could start with equities, and shift to safer options later.

– Equity and mutual funds: Consider 50%-60% allocation in equity mutual funds. Around 40%-50% allocation can be made in debt instruments and bonds.

– Revisit your retirement plan: If you already have a portfolio, consider re-evaluating it now. Many of you might be already paying a hefty amount in college tuition for your children. So, it could be wise to consider investing in new schemes to build funds for retirement. It doesn’t have to be risky assets. You can shuffle equity and debt allocations to reduce the risk component.

– Consider insurance riders: Getting riders to your insurance plans is a great way to reduce future financial burden. Opt for plans like terminal illness benefit, to protect yourself and family members against rising healthcare costs. It’s imperative to not take any new loans at this stage, and plan towards increased savings. Also, it’s wise to set expectations with children to avoid future surprises or disappointments.

At all costs, plan for financial independence, to lead a healthy, happy and comfortable life, especially post retirement. What you decide and execute today could shape the course of your life in future. So, plan smart and start investing ASAP.

(Deepak Jasani is a Head of Retail Research at HDFC Securities. Views expressed are the author’s own. Please consult your financial advisor before investing.)

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‘Moon Knight’ Took Marvel in a Different Orbit, but It Didn’t Rise to the Occasion

Jacob Scott

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Before anyone writes that off as an anomaly, “Eternals” tackled a similar introduction of a dense mythology on the bigger screen, with equally mixed results. It’s a reminder that while film-goers have had more than a decade to get to know characters like Iron Man, Captain America and Thor, introducing some of these lesser-known heroes can pose a more formidable challenge beyond catering to the most ardent fans.
For Marvel, there are warning signs in that, since “Moon Knight” will be followed by several series based on second-tier characters, although the next two on the horizon, “Ms. Marvel” (which is due in June) and “She-Hulk,” at least have the benefit of sharing franchises and name recognition with existing Avengers.
Ultimately, “Moon Knight’s” murky storytelling appeared to squander its principal assets, which included the cool look of the character — a costume that was too seldom used — and the presence of Isaac, who possesses additional genre credentials via the “Star Wars” sequels.

Taking its time in peeling back the layers of the character’s complicated backstory, “Moon Knight” took a weird plunge into the Egyptian mythology behind it, in ways that became increasingly confounding and surreal.

By the time the protagonist’s two halves, Steven Grant and Marc Spector, wound up in a psychiatric hospital talking to an anthropomorphic hippo in the penultimate chapter, the question wasn’t so much being able to keep up with the story as whether bothering to do so was worth the effort.

The sixth and final episode brought the plot to a messy close, seeking to stop the goddess Ammit from proceeding to “purify the souls of Cairo, and then the world.” In the customary credit sequence, the producers capped that off by introducing a third personality, Jake Lockley, also rooted in the comics. While that seemingly spelled the end for the show’s villain (Ethan Hawke), the finish — giving the god Khonshu the protégé he sought — paved the way for further adventures should Marvel so choose.

That last twist might be cause for celebration in narrower confines of the Marvel fan universe, but “Moon Knight” too often felt like it was one long Easter-egg sequence, conspicuously preaching to that choir.

Granted, Marvel has made clear that Disney+ offers the chance to explore different kinds of stories, but “Moon Knight” feels at best like a quirky showcase for Isaac and at worst a failed experiment in terms of execution and tone.

That doesn’t mean this “Moon” won’t somehow rise again, if the closely held streaming data justifies it. But the promise that surrounded this property has faded, providing further evidence that even Marvel isn’t immune from setbacks as it moves into its next phase.

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Start-up Pony.ai says it’s the first self-driving company to get a taxi license in China

Jacob Scott

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Autonomous driving start-up Pony.ai can collect fares for robotaxi rides in parts of two major Chinese cities as of Sunday.

Pony.ai handout

BEIJING — Self-driving start-up Pony.ai announced Sunday it received a taxi license, the first of its kind in China.

The license allows Pony.ai to operate 100 self-driving cars as traditional taxis in the Nansha district of the southern city of Guangzhou, the company said.

The Chinese start-up, which is backed by Toyota, received approval from Beijing city late last year to charge fees to operate a commercial robotaxi business in a suburban district of the city. It is not the same as a taxi licence.

Baidu’s Apollo Go also received approval in the same Beijing district last year.

Pony.ai was valued at $8.5 billion in early March. The company said its Nansha taxi license required 24 months of autonomous driving testing in China and/or other countries, and no involvement in any active liability traffic accidents, among other factors.

The start-up said it plans to launch commercial robotaxi businesses in two other large Chinese cities next year. The company is already testing self-driving cars in those cities and in California. 

Robotaxis in China currently have a human driver present for safety.

— CNBC’s Arjun Kharpal contributed to this report.

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How to watch Timberwolves vs. Grizzlies: TV channel, NBA live stream info, start time

Jacob Scott

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Who’s Playing

Memphis @ Minnesota

Current Records: Memphis 2-1; Minnesota 1-2

What to Know

The Memphis Grizzlies’ road trip will continue as they head to Target Center at 10 p.m. ET this past Saturday to face off against the Minnesota Timberwolves. Memphis will be strutting in after a win while Minnesota will be stumbling in from a loss.

The Grizzlies are hoping for another victory. They beat the Timberwolves 104-95 this past Thursday. The victory came about thanks to a strong surge after the first quarter to overcome a 39-21 deficit. Memphis’ success was spearheaded by the efforts of power forward Brandon Clarke, who had 20 points in addition to eight rebounds, and shooting guard Desmond Bane, who shot 7-for-15 from beyond the arc and finished with 26 points and six boards.

Barring any buzzer beaters, Memphis is expected to win a tight contest. They might be worth taking a chance on against the spread as they are currently on a two-game streak of ATS wins.

Memphis’ win brought them up to 2-1 while the Timberwolves’ defeat pulled them down to a reciprocal 1-2. A couple offensive stats to keep in the back of your head while watching: The Grizzlies come into the game boasting the second most points per game in the league at 115.6. But Minnesota is even better: they rank first in the league when it comes to points per game, with 115.9 on average. Tune in for what’s sure to be a high-scoring contest.

How To Watch

When: Saturday at 10 p.m. ET Where: Target Center — Minneapolis, Minnesota TV: ESPN Online streaming: fuboTV (Try for free. Regional restrictions may apply.) Follow: CBS Sports App Ticket Cost: $76.96

Odds

The Grizzlies are a slight 2.5-point favorite against the Timberwolves, according to the latest NBA odds.

The oddsmakers had a good feel for the line for this one, as the game opened with the Grizzlies as a 3-point favorite.

Over/Under: -110

See NBA picks for every single game, including this one, from SportsLine’s advanced computer model. Get picks now.

Series History

Memphis have won 19 out of their last 28 games against Minnesota.

Apr 21, 2022 – Memphis 104 vs. Minnesota 95 Apr 19, 2022 – Memphis 124 vs. Minnesota 96 Apr 16, 2022 – Minnesota 130 vs. Memphis 117 Feb 24, 2022 – Minnesota 119 vs. Memphis 114 Jan 13, 2022 – Memphis 116 vs. Minnesota 108 Nov 20, 2021 – Minnesota 138 vs. Memphis 95 Nov 08, 2021 – Memphis 125 vs. Minnesota 118 May 05, 2021 – Memphis 139 vs. Minnesota 135 Apr 02, 2021 – Memphis 120 vs. Minnesota 108 Jan 13, 2021 – Memphis 118 vs. Minnesota 107 Jan 07, 2020 – Memphis 119 vs. Minnesota 112 Dec 01, 2019 – Memphis 115 vs. Minnesota 107 Nov 06, 2019 – Memphis 137 vs. Minnesota 121 Mar 23, 2019 – Minnesota 112 vs. Memphis 99 Feb 05, 2019 – Memphis 108 vs. Minnesota 106 Jan 30, 2019 – Minnesota 99 vs. Memphis 97 Nov 18, 2018 – Memphis 100 vs. Minnesota 87 Apr 09, 2018 – Minnesota 113 vs. Memphis 94 Mar 26, 2018 – Memphis 101 vs. Minnesota 93 Dec 04, 2017 – Memphis 95 vs. Minnesota 92 Feb 04, 2017 – Memphis 107 vs. Minnesota 99 Nov 19, 2016 – Memphis 93 vs. Minnesota 71 Nov 01, 2016 – Minnesota 116 vs. Memphis 80 Oct 26, 2016 – Memphis 102 vs. Minnesota 98 Mar 16, 2016 – Minnesota 114 vs. Memphis 108 Feb 19, 2016 – Memphis 109 vs. Minnesota 104 Jan 23, 2016 – Minnesota 106 vs. Memphis 101 Nov 15, 2015 – Memphis 114 vs. Minnesota 106

Injury Report for Minnesota

No Injury Information

Injury Report for Memphis

Dillon Brooks: Game-Time Decision (Foot) Santi Aldama: Out (Knee) Killian Tillie: Out (Knee)

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