AVFINPAL- Your Financial Pal

It is an obvious blissful and great feeling to know you have a big amount in your bank. If required you can easily go to your nearest ATM and get your money with minuets. However, no matter good it feels, it is not a financially smart decision to keep a large amount of money lying in your bank account.  There are two issues and no matter how simple they may seem to be but most have been a victim to these. May to it knowingly and few may fall for these unknowingly.  So what could possibly go wrong in keeping money in the bank? Well the first and the common issue is -  "No Real Returns" Even if its feels good to have money resting in your bank account, it isn't a good investment move. Most of the saving bank accounts offer you a return of around 3 - 5 percent. Currently, inflation is ranging around 5-7 percent and if you consider these to factors. You are not only actually earning anything but you are losing the value of your money.  In this case, the

How do you envisage your retired life? Relaxing at some exotic location, following all your dreams and passion which you once left behind to make a better living. On the flip side, it can be horrifying where you are dependent on your kids, living a life where you have to think twice even before spending on the basic necessities. Well, I am sure no one wants to works a major part of the existence just to survive for the rest of their lives. We all wish for a lavish and relaxed post-retirement life. But do we all even do something for it? Even if many of us do think of it. We lack the proper direction. Well, the best way to fulfill all your post-retirement goals is to start saving for it from today itself. In fact not just save you need to start Investing for it. Obviously, what's the fun of seeing your money resting in a savings account, while you are working your soul off. Its time you put your money at work too. In this article, we will be comparing various investment avenues ava