Mis-selling is the act of selling something unsuitable for the person who buys it. A major cause of mis-selling is investors' lack of knowledge of financial goods. Lack of transparency is another cause. If one lacks financial literacy, they can learn how to understand the product or seek the advice of a financial advisor. Insurance and other financial products are regularly mis-sold. Let the Buyer Beware – this article looks at how to avoid falling into this trap.
It’s no secret that passwords are your only protection from cybercriminals. The importance of using secure, unique passwords is getting higher as we entrust personal information to organizations and businesses that can fall victim to data breaches and password leaks.
The article looks at various dos and don’ts while creating a password and advocates moving to at least a two-factor authentication to verify your identity before allowing access to the data.
Life or Term Insurance and Health Insurance both play a pivotal role in our lives. While healthcare expenses can go sky-high, they bind us to be careful while planning financial decisions. Choosing between Life and Health insurance is a task. They are both saviors during unexpected contingencies.
It is very difficult and dare we say, impossible to ’time’ the market on both sides – up and down unless you are a soothsayer. Trying to ‘time’ the market causes huge losses and loss of investment opportunity. Fear and euphoria are both emotions which lead to selling or buying without discipline causing a loss to wealth creation. Movement is second nature to the Markets – be it up or down. Stock Markets will always be turbulent. Black Swan events will occur causing shock, fear and panic. It is never about ‘IF’ it will happen. It is about ‘WHEN’ it will happen. All we can do is mentally be prepared not to get caught in the greed & euphoria versus fear & panic cycle
Our emotional behavior clearly impacts our portfolios since it leads to actions such as buying, holding or selling our equity investments. Market volatility and emotional volatility go hand in hand. The goal and objective of equity investments is wealth creation over a long term and this will happen only if we control our emotion (panic/euphoria) enduring peaks and troughs of the sensex.
