AVFINPAL- Your Financial Pal

So, Sensex and Nifty made fresh all-time highs recently. The Nifty managed to not only hit the 12000 mark for the first time ever and while Sense comfortably attained the mark of 40000. Those who have already invested in the market are bearing the sweet fruit. However, for the beginners, the situation is very much confusing. They are consumed with the dilemma whether is it the right time to invest in the Indian market and should they start investing or should they wait. Also, same is the dilemma with the investors who are looking to invest further in the stock markets. In this post, we will be answering the question of Is there a right time to invest in the stock market and if yes, what is the right time to invest in the share market? So, let us get started. Is it the right time to invest? This question is often asked when the market makes a new high or a new low. When the market is high people would want to wait for the market to make a downturn again. However, when th

Setting a goal is the very first step of the journey to secure your financial future. When it comes to setting and pursuing our goal we all make a lot of mistakes which can affect our overall financial planning and state of financial well being. In this article, we will be discussing some of these mistakes that people tend to make while setting their financial goals. 1. Seeing your goal in isolation: One of the biggest error in financial planning is not seeing your goals as linked to your other goals and your overall finances. For example, your goal to retire rich depends on how well disciplined your financial lifestyle is today. The better you budget, save and invest your money today has a direct impact on your retirement goal.  Similarly understanding the conjunction between your various goal is also important. Prioritizing your goals that are crucial for your financial situation is important.  If building an emergency fund to cover six months of income and emergenci

Good things come those who wait, No matter how captivating this phrase is. It surely doesn't apply to tax planning. When it comes to tax planning it is always advisable to start it from the beginning of the year rather than clustering it to the last quarter. We at finpal always aim to be your one-stop solution for all your financial issues rather than just being an investment advisor. Our aim has always been to make your financial journey a hassle-free. One of the main aspects of managing personal finance is to manage your tax as it can have a great impact on all your income and goals. Knowing how taxation can take away a major portion of your earnings. Taxes, if not planned properly can lead to fines and penalties for underpayment of tax along with interest and fee on late payments and filing of the return. Thus, it is prudent to start planning for your taxes from the beginning of the year rather than making it a year-end practice.  Why should you start planning