Financial Planning with Elite Wealth

Financial Planning – Helping For your Future Goals

Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the life goals that may be important to you, and each comes with a price tag attached. That’s where financial planning comes in.

It is the process of meeting your life goals through the proper management of your finances. Life goals can include buying a house, new car, advanced career training, saving for your child's higher education and self sufficiency during working or retirement years. To achieve these clear cut goals, people need to carefully plan your finances. 

How SMART are your Goals? 

It provides direction and meaning to your financial decisions. To set clear-cut goals, make them SMART:

·         Specific - Clearly defined and described in details.

·         Measurable – track your progress toward a definite endpoint.

·         Attainable – realistic and reachable

·         Relevant – to your needs and values

·         Timely – subject to clear deadline.

Why Financial Planning is Important?

A comprehensive financial plan serves as a framework for organizing the pieces of your financial picture. With a plan in place, you'll be better able to focus on your goals and understand what it will take to reach them. It helps you to understand how each financial decision can affect other areas of your finances. One of the main benefits of having a plan is that it can help you balance competing financial priorities. A plan will clearly show you how your financial goals are related—for example, how saving for your children's college education might impact your ability to save for retirement. Then you can use the information you've gleaned to decide how to prioritize your goals, implement specific strategies, and choose suitable products or services. Best of all, you'll have the peace of mind that comes from knowing that your financial life is on track.

Financial Planning Process

This process consists of six steps that help you take a 'big picture' look at where you are currently. Using these six steps, you can work out where you are now, what you may need in the future and what you must do to reach your goals.

1) Establish and define the client - planner relationship

2) Gather client data, including goals

3) Analyze and evaluate the client’s Current financial status

4) Develop the recommendations

5) Communicating and Implement the financial planning Recommendation

6) Monitor your planning recommendation.

Role of Financial Advisors

A basic inference that can be drawn from the results of consumer surveys is that people need help in managing their personal finances to achieve their financial goals. Moreover, many people seem to realize that they would benefit from professional help, and with better education, most others would reach the same conclusion. A major part of the challenge facing advisors who are doing financial planning is to help clients overcome obstacles by educating them and motivating them to gain control of their own finances.

Know about what Financial Planning is and how a complete financial plan can change your life. Start financial planning and learn ways to make more money than ever before at http://www.elitewealth.in

Shortlisted Stocks for 9th Oct 2013

Secure Investment In NCDs

HUDCO NCD (Tax Free Bonds) with CARE AA+ and IRRPL AA+ Ratings, Delhi September 17, 2013

Housing and Urban Development Corporation (HUDCO) launched its public issue of tax- free bonds from which you can get Interest Free Income up to Rs. 87600/- P.A With HUDCO Tax Free Bonds.

Face value & Issue price of each bond is Rs 1,000. The bonds will be listed on the BSE. You can invest with a minimum application of Rs. 5000 & In Multiples of Rs. 1000 for further.

HUDCO has launched its tax-free bond with a Issue Size - Rs. 750 cr (Base Issue Size) with option to retain oversubscription upto the shelf limit (being Rs. 4809.20 cr)

The coupon rate for qualified institutional buyers (QIB), corporate, high-net worth individuals has been fixed at   8.14 % per annum for 10 years, 8.51% per annum for 15 years and  8.49 % per annum for 20 years.

For Retail Investor – 8.39% per annum for 10 years, 8.76% per annum for 15 years and 8.74% per annum for 20 years.

Foreign institutional investors and Non-resident Indians can also invest in the tax free bond issue.

HUDCO NCDs are not subjected to TDS. HUDCO NCDs are safer than other investments. HUDCO NCDs are in both physical and demat forms. You can avail Tax free bonds from Elite Wealth Advisors Ltd.

For more information you can mail us at marcom@elitewealth.in or you can call us 011-40000919/09650901058

How to invest to build wealth and secure future

Everyone knows about “Importance of Saving” in early age. But what is next? You have to take next step – to invest those saving in best way  you can.

Investing is about making your money, work harder for you and helping you to fulfill your dreams and achieve your goals. An investment can be simple like as term deposit in your bank or investment portfolio that includes shares, property, cash, fixed deposits. it is not just for people who are already wealthy or for those who are soon to retire. Regardless of your stage in life, knowing more about the basics of investing can help you to secure a better financial future.

   

What are the investment basics ?

Investing and saving are  the means by which you can achieve your financial goals and life goals.  Now the question arise here:-

what is an Investment? 

Investment can be defined as the use of money to generate income. The expectation of a future return is what separates an investment from other purchases. What all investments have in common is that they involve committing money today with the aim of producing a return in the future. To invest effectively, then, an investment plan is essential. If you take the time to make a plan and have the discipline to follow it, the rewards are well worth the effort.

Diversification

‘Diversification’ is an investment technique that mixes different kinds of investments in a investment plan.

An ‘investment plan’ is a group of assets, such as cash, shares, bonds or property, held by an investor. To reduce their investment risk, investors tend to hold more than a single asset. A diversified investment plan, on average, poses lower risk than a single investment within a portfolio.

Risk and return

There is a link between an investment’s return and its risk.

Some investments, such as deposits in bank accounts, offer relatively low returns, but are regarded as very low risk. Others, such as shares, mutual funds  offer high returns, but also have risk factors.

It is always important to calculate the risk and return characteristics of an investment in deciding whether that investment is appropriate for you or not. An investment that is best for one investor may not necessarily be right for other investor. Investment differs investor to investor.

Compounding

A popular phrase used in the financial press is the ‘magic of compound interest’.

‘Compounding’ is the process by which an investment will increase in value by ever-greater amounts each year, if interest paid on the investment is reinvested. While the interest rate itself may not change, the amount of interest grows as it is being earned on a larger sum.

Making an investment plan or Financial Planning

There are so many steps for making an investment plan or Financial Planning. The first thing is to know about your current financial circumstances. The second thing is to decide your investment goals and personal objectives.

Once you have set all this, you can consider what investments will best help you to fulfill your dreams.

·         How much money do you have to invest?

·         Do you need access to your money?

·         How much risk can you tolerate?

·         Finding the right investments

·         Managing your investments

For more just fill the contact form on below link :- http://www.elitestock.com/contactus1.aspx

 

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