PrimeWealth

🏠💼 Considering the right time to buy a home? Here are key factors to keep in mind:

1️⃣ Real estate cycle: Look for periods when property valuations are reasonable, as it could be an ideal time to make a purchase.

2️⃣ Interest rate: Lock in a property agreement while rates are relatively low, considering potential rate fluctuations and their impact on your EMIs and loan terms.

3️⃣ Maintain credit score: Aim for a credit score of at least 750 to secure the lowest interest rate and enhance your negotiating power with lenders.

4️⃣ Cash flow management: Ensure your current and future cash flows can comfortably support loan servicing, a crucial aspect often overlooked.

5️⃣ Current liabilities: Assess if your existing financial obligations can be managed alongside a home loan EMI, emphasizing expense control and prompt debt repayment.

6️⃣ Adequate liquidity: Plan for a down payment of 20-30% of the property's value, ensuring you have sufficient liquid assets before embarking on your home purchase journey.

As a financial advisor, we suggest consulting with professionals to guide you through the process. Every individual's circumstances differ, so personalized advice is crucial to making an informed decision. 📊💡

📢💼💰 Are you focusing on Getting Rich or Staying Rich? 💡💸

Creating wealth is an achievement, but staying rich requires a different set of skills and strategies. Many individuals overlook the importance of preserving the wealth they've accumulated. According to Forbes, over 70% of individuals on the prestigious Forbes 400 list lost their spots over a 32-year period. Building wealth is relatively easier than maintaining it.

📘🔐 Morgan Housel's book, "The Psychology of Money," encapsulates the essence of staying wealthy: a combination of frugality and paranoia. It's about self-awareness, humility, and delayed gratification. Recognizing the role of luck is crucial, as past achievements cannot guarantee future prosperity.

🏦💼 As wealth managers, our role goes beyond helping clients accumulate wealth. We aim to assist them in preserving and growing it to combat inflation. Our focus is to ensure that their money is available to meet their goals when they need it. We provide guidance, diversify portfolios, and implement disciplined investment processes to help individuals stay rich.

💪💰 Building wealth is just the beginning. Staying rich requires discipline, adaptability, and a thoughtful approach. Income does not guarantee wealth, and the temptation to inflate lifestyles can hinder wealth preservation. Stress-testing your financial situation and preparing for worst-case scenarios are crucial. By spending less than you earn and recognizing the tug-of-war between ego and humility, you can protect and grow your net worth.

💼💼 Seek professional advice to navigate the complexities of wealth preservation and ensure a prosperous future. We are here to help you on your journey to staying rich.

Contact us at: https://primewealth.co.in/ or 9069382525

💼💰💡📈

CFP - Personal Financial Planning And Advisory Services - PrimeWealth PrimeWealth specializes in offering a holistic approach to Personal Financial Planning & Investment advisory services for our clients in India & Abroad.

🌟🌟🌟 Financial Freedom: Embrace Authenticity for Lasting Prosperity! 🌟🌟🌟

💰💼 In our consumer-driven world, it's easy to get caught up in impressing others with material possessions and lavish lifestyles. But true financial freedom comes from a mindset that transcends the need for external validation. 🔓✨

🚀💡 Let's break free from the validation trap and cultivate authenticity in personal finance! Here's why it matters and how it leads to long-term financial well-being. 📈💰

1️⃣ Escape the validation trap: Society often equates success with material wealth, perpetuating a never-ending cycle of seeking validation. Authenticity allows us to break free from this trap and focus on what truly matters to us. 🚪💡

2️⃣ Define your own success: Reflect on your personal definition of success. Align your financial goals with your values to make informed decisions that bring genuine satisfaction. 🌟📝

3️⃣ Distinguish needs from wants: Practice mindful spending by prioritizing essential needs over fleeting desires. Be conscious of impulse purchases that only serve to impress others. 💭💸

4️⃣ Emphasize experiences over possessions: Invest in experiences that bring joy and personal growth. Travel, learning, and meaningful relationships provide lasting fulfillment. 🌍📚🤝

5️⃣ Prioritize financial stability: Building an emergency fund and saving for the future reduce financial stress and the need to impress. Make choices based on your values, not external expectations. 💪💰

6️⃣ Surround yourself with supportive people: Cultivate relationships with individuals who appreciate you for who you are, not what you own. Surrounding yourself with like-minded people reinforces your commitment to financial independence. 🤝🌟

💼💰 In a world driven by materialism and the constant need for external validation, the most valuable personal financial asset is freedom from the pressure to impress others. Let's focus on authenticity and align our financial decisions with our true values and priorities to achieve genuine financial freedom and security. 🗝️🔒

✨💰We at PrimeWealth help you to embrace this mindset to cultivate lasting happiness, make informed financial choices, and live a life of true abundance that is not defined by material possessions. Remember, your financial worth is not determined by what you own, but by the sense of fulfillment and contentment you derive from living in alignment with your authentic self. 🌟✨💼

Contact us at: https://primewealth.co.in/ or 9069382525

CFP - Personal Financial Planning And Advisory Services - PrimeWealth PrimeWealth specializes in offering a holistic approach to Personal Financial Planning & Investment advisory services for our clients in India & Abroad.

🔒 Protecting Yourself and Your Assets Against Inflation in India 💰💪

Inflation can eat away at your hard-earned money, but there are ways to safeguard yourself and your assets! Here are some tips to help you tackle inflation head-on in India.

1️⃣ Invest in Equities: Consider quality stocks with a track record of growth to preserve your purchasing power.

2️⃣ Fixed Income Investments: Bonds, fixed deposits, and government schemes offer stability and income during inflationary times.

3️⃣ Embrace Real Estate: Property values tend to rise with inflation, providing capital appreciation and rental income.

4️⃣ Explore Gold and Precious Metals: Gold is a traditional safe-haven investment during inflationary periods.

5️⃣ Inflation-Linked Bonds: Invest in RBI-issued bonds tied to inflation indices for added protection.

6️⃣ Diversify Globally: Look beyond India for investment opportunities to mitigate domestic inflation risks.

7️⃣ Maintain an Emergency Fund: Ensure you have a reserve of liquid assets to handle unforeseen financial obligations.

Stay informed, adapt your strategy, and consult a us to customize your approach. Let's combat inflation together! 💪💼💰

📢 8 Things To Keep in Mind Before Retirement💼🌟

🔓 Financial Freedom Not Retirement
Retirement is not bound by age. It's about attaining financial independence, having enough funds for daily expenses, and pursuing your goals. Let's debunk some retirement myths and focus on financial freedom. 💰💼

🚑 Health Insurance vs. Medical Corpus:
Maintain comprehensive health insurance to cover your medical needs. However, consider building a medical corpus to tackle unexpected expenses that insurance might not cover, especially during early retirement. Prioritize your well-being! 💪💼🏥

💡 Life Insurance after Retirement:
Life insurance is crucial for sole earners with dependents and those burdened with debt. It ensures your family's financial security and can alleviate debt obligations. However, if your family is financially independent and you have no debt, redirect those funds elsewhere. Make wise decisions! 🌟💼🏦

💼 Unique Retiree Products:
As a retiree, your investment strategy shifts. Consider distribution-oriented products like senior savings plans, modest real estate, and annuities (with understanding) for reliable investment income. Maintain liquidity to bolster your confidence. Plan for a prosperous retirement! 📈💼🏘️

🎯 Retirement Asset Allocation:
Adjust your investment portfolio as life changes. While young investors can afford higher risks, those nearing retirement should prioritize a lower-risk portfolio. Align your investments with your life stage and financial goals. Stay on track! 📊💼

🔍 Portfolio Review:
Don't treat your investments at 50 the same as when you were 30. Regularly review and adjust your portfolio to match your evolving goals and financial situation. Keep your investments in sync with your life stage. Stay proactive! 💼💡

🌈 Post-Retirement Goals:
Retirement isn't just about relaxing. It's about living your dreams! Whether it's that dream vacation, special occasions, supporting loved ones, or contributing to causes close to your heart, anticipate financial needs beyond regular expenses. Embrace life's changes and ensure lasting financial independence. 🎉💼💸

📢 Busting Mutual Fund Myths! 💡📈

🚫 MYTH: Mutual Funds are for Experts.
✅ FACT: Mutual funds are designed for investors who may lack knowledge or expertise. They are professionally managed by expert fund managers after extensive market research. Investing made easy! 💼📚

🚫 MYTH: Mutual Fund Investments are only for Long-Term Purposes.
✅ FACT: Mutual funds can be short-term or long-term, depending on your investment horizon and objective. Explore various types of schemes, both equity and debt, to meet your specific requirements. Flexibility at its best! 💰💼

🚫 MYTH: Investing in Mutual Funds is the same as Investing in the Stock Market.
✅ FACT: Mutual funds invest in stocks, bonds, and money market instruments like Treasury Bills and Commercial Papers. You get access to diverse investment opportunities that may not be available to retail investors. Expand your portfolio! 📊💼

🚫 MYTH: A Mutual Fund's NAV determines its performance.
✅ FACT: NAV (Net Asset Value) is the total investment value and doesn't impact returns. What matters is the underlying securities' prices and their appreciation. Focus on the bigger picture! 📈💼

🚫 MYTH: You need a substantial amount of capital to invest in Mutual Funds.
✅ FACT: Start with as little as ₹5,000 for one-time investments and ₹1,000 for subsequent subscriptions in most mutual fund schemes. For SIPs, invest with just ₹500 per month. The power of small investments! 💪💼

🚫 MYTH: Demat accounts are necessary for Mutual Fund investors.
✅ FACT: Except for Exchange Traded Funds, dematting mutual fund units is optional. Choose between Demat and physical account statement formats for a hassle-free experience. The choice is yours! 💼📑

🚫 MYTH: A Higher NAV Plan has reached its high point.
✅ FACT: NAV reflects the market value of a scheme's underlying shares and doesn't indicate its expensive or cheap nature. Focus on the scheme's success over time. Look beyond the numbers! 📈💼

🚫 MYTH: Top-rated Mutual Funds offer better returns.
✅ FACT: Mutual fund ratings change with market conditions and scheme performance. Don't rely solely on ratings. Do your research and diversify your investments wisely. Seek the right fit for your goals! 💼💡

Let's debunk these myths and make informed investment decisions. Get in touch with us to explore the world of mutual funds and secure your financial future! 💼💰🌟

Factors to consider before selecting a Financial Advisor

1. Investors first: Financial advisors must prioritize investors' needs in portfolio development and advice.

2. Willingness to say "no": A idle financial advisor would say "no" more than "yes," to their clients

3. Exposure to market cycles: Investors should talk to a few existing clients of the financial advisor to learn about how they handled market cycles.

4. Regulated advice: If your financial advisor's advice crosses a regulatory line, beware.

5. Risks and Rewards: They should understand the concept of risk and reward and apply it to avoid permanent loss of financial capital.

6. Skin in the game: The financial advisor should be invested in the products they suggest to their clients.

8. Portfolio-linked pay: Returns are the fundamental promise of the investment management industry. The financial advisor's pay should be linked to the performance of the portfolio.

How did you choose your financial advisor?
If you haven't yet, contact us.

www.primewealth.co.in

CFP - Personal Financial Planning And Advisory Services - PrimeWealth PrimeWealth specializes in offering a holistic approach to Personal Financial Planning & Investment advisory services for our clients in India & Abroad.

In this video we have discussed about the parameters of selecting Mutual Funds. There are various factors which depends on mutual fund selection. Technical, Non-Technical parameters also sometimes there is a fund manager bias i.e. he may be bullish on particular industry & bearish on particular industry.
Check out our new video to know more about selecting the parameters of mutual funds.

Parameters For Selecting a Mutual Funds | PrimeWealth | In this video we have discussed about the parameters of selecting Mutual Funds. There are various factors which depends on mutual fund selection. Technical, ...

Do consider these factors while investing for Retirement.

Most common thing that we have observed is many retirees invest their corpus in fixed income instrument. But think in this way, if today your monthly expense is 30,000 but can you be able to manage your expenses in 30,000 after 5-10yrs?
So it is very important to understand the concept of inflation. Investing in a instrument adjusted with inflation & also can generate fixed monthly income will be the best choice for investment.

Check out our new video for more information.

A Big Mistakes While Planning For Retirement | PrimeWealth | Financial Planners Do consider these factors while investing for Retirement.Most common thing that we have observed is many retirees invest their corpus in fixed income instrum...

Do People Stay Invested For More Than 15 - 20 Years?

Many times people invest for a long-term but due to market volatility or some other financial crisis they end up withdrawing the invested corpus.
Hers's a catch. In the down fall of market due to emotions people withdraw their corpus from market. But if you are with a good advisor he will not only advise you to invest in down fall of market but also will tell you whether to stay in market or not. One good advisor can keep you invested for a long term with his research and knowledge.

Check out our new video to know more.

Do People Stay Invested For More Than 15 - 20 Years? Do People Stay Invested For More Than 15 - 20 Years?Many times people invest for a long-term but due to market volatility or some other financial crisis they...

Undermining the need of buying a separate health insurance other than your company's health insurance, can lead to a financially stressed situation in a health emergency which might lead you to liquidate your assets to pay off hospital bills. Upsides of having a separate health insurance is discussed in this conversation.

Should I depend only on employer's health insurance | PrimeWealth Undermining the need of buying a separate health insurance other than your company's health insurance, can lead to a financially stressed situation in a heal...

There are a lots of Life Insurance Products in the market, you need to be careful while choosing what's good for your family's financial health. You need to make sure your Insurance's sum assured is optimum for taking care of your family's future needs. Alok has a very specific answer to this question, which according to him is a no-brainer, and no one needs any other type of Life Insurance at all.

Which type of Life Insurance someone should buy | PrimeWealth | Financial Planners There are a lots of Life Insurance Products in the market, you need to be careful while choosing what's good for your family's financial health. You need to ...

Financial planning is must for everyone. But hiring a financial planner is not must for everyone. In this clip, Alok explains who needs a financial planner. He also explains what goes into planning, and why it might not be a cup of tea for everyone and why most people will need a financial planner to help people stay aligned to achieve their goals.

Does Everyone Need a Financial Planner? PrimeWealth | Financial Planners Financial planning is must for everyone. But hiring a financial planner is not must for everyone. In this clip, Alok explains who needs a financial planner. ...

Are you also trapped in Choice Dilemma?
Now days too much information is available on internet. Because of this investor comes to see lot of unnecessary financial products & gets influenced by it. And then because of confusion he end up investing a little-little in various products. It is called as Choice Dilemma in Behavioural Finance.
This where the advisor can guide you what product is needed for you what is not & can save your hard earned money.

Check out our new post to know more

Why People End up Buying too Many Financial Products? PrimeWealth Financial Advisors Are you also trapped in Choice Dilemma?Now days too much information is available on internet. Because of this investor comes to see lot of unnecessary finan...

Investing on past investment strategies is right or wrong?

Suppose in a family, previous generation has made a good return in particular asset class then, latest generation will also follow that strategy with closed eyes. Because that is a proven method & previous generation has seen the results.
But does past methods can help you to manage your finances in today's world?

In this video we discussed about what will be consequences of depending on past methods.

Why Do People Invest Like Their Parents Did ? PrimeWealth | Financial Planners Investing on past investment strategies is right or wrong?Suppose in a family, previous generation has made a good return in particular asset class then, lat...

What is FOMO?🤔😕

Several times we have seen that people invest in markets just because others are making good returns.
After the COVID there was sudden rise in market as well as in returns. So people started investing in huge amounts. But this decision is wise or just a market bubble? Youngsters are in hurry because they also want to make great returns and don't want to loose the opportunity.

So there's something called Fear of Missing out (FOMO) which we have explained in this video.
Check this video to know more.

What is FOMO (Fear of Missing Out) For Young Investors | PrimeWealth | What is FOMO?🤔😕 Several times we have seen that people invest in markets just because others are making good returns.After the COVID there was sudden rise ...

As a 𝗖𝗲𝗿𝘁𝗶𝗳𝗶𝗲𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗣𝗹𝗮𝗻𝗻𝗲𝗿, we heard a lot of times that if we have 𝗹𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 can we grow financially..? And how..?

Usually there are two types of loans:- 𝟭) 𝗕𝗮𝗱 𝗹𝗼𝗮𝗻𝘀 𝟮) 𝗚𝗼𝗼𝗱 𝗹𝗼𝗮𝗻𝘀.
Generally 𝗯𝗮𝗱 𝗹𝗼𝗮𝗻𝘀 are those which have taken for assets which are depreciating within time and in the end there's no growth financially from that asset.
𝗚𝗼𝗼𝗱 𝗹𝗼𝗮𝗻𝘀 means if you have taken the loan for the asset which is giving you appreciating cost within the time.
So which loan do you have? or are you taking loan for Right asset class?

Watch this video to know more

Will You Grow Financially If You Have Loans? PrimeWealth | As a 𝗖𝗲𝗿𝘁𝗶𝗳𝗶𝗲𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗣𝗹𝗮𝗻𝗻𝗲𝗿, we heard a lot of times that if we have 𝗹𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 can we grow financially..? And how....

𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 is still a good Investment or it is just becoming a 𝗡𝗼𝗻-𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗶𝗻𝗴-𝗔𝘀𝘀𝗲𝘁?🤯😭😕😓

In earlier years, owning real estate property was a 𝘀𝗲𝗰𝘂𝗿𝗲 & 𝗽𝗿𝗲𝘀𝘁𝗶𝗴𝗶𝗼𝘂𝘀 𝘁𝗵𝗶𝗻𝗴. People purchased real estate property in anticipation of there financial growth.
But in today's world is it 𝘄𝗼𝗿𝘁𝗵 buying real estate? People consider that even though there property is old still it can get pricing like fresh ones.
In reality, rent is the only yield that one can achieve from real estate but it is less than the EMI you paid to purchase the property. Also if a tenant leaves until finding a new tenant there will be no yield.

Do watch the video to know is 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝘄𝗼𝗿𝘁𝗵 𝗯𝘂𝘆𝗶𝗻𝗴 𝗼𝗿 𝗷𝘂𝘀𝘁 𝗮 𝗡𝗼𝗻-𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗶𝗻𝗴-𝗔𝘀𝘀𝗲𝘁.

Real Returns in Real Estate | Financial Advisors | PrimeWealth 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 is still a good Investment or it is just becoming a 𝗡𝗼𝗻-𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗶𝗻𝗴-𝗔𝘀𝘀𝗲𝘁?🤯😭😕😓 In earlier years, owning real estat...

What is Loss Aversion Bias?🤔 📈 📈 😵

Are you guys also facing losses in Stock Market? Instead of market fall there are some psychological biases which may impact your decision about finances.
When people face plenty of losses, they believe that they will recover the losses with profit so rather than redeeming the capital they stay invested.
But then they come to know that now losses are huge and capital is almost lost.

In this video we have discussed about Loss Aversion Bias & how to protect your mindset from biases like these.

Why Do People End Up Making Huge Losses in Stock Market? PrimeWealth | Financial Advisors What is Loss Aversion Bias?🤔 📈 📈 😵 Are you guys also facing losses in Stock Market? Instead of market fall there are some psychological biases which may ...

𝗧𝗵𝗲 𝗖𝗼𝗺𝗽𝗮𝗿𝗶𝘀𝗼𝗻 𝗧𝗿𝗮𝗽!!!😕😈😈😈

More fashion, More vacation, More money this can go on & on & on. Many times people buy goods just to 𝘀𝗵𝗼𝘄 𝗼𝗳𝗳 or by comparing with others even though there is no need to purchase those things.
Also sometimes people borrow loan to buy those goods and later come to know that they are into 𝗱𝗲𝗯𝘁 𝘁𝗿𝗮𝗽 and short of funds now.

These decisions can create some crucial difficulties in future. Watch this video to know why you 𝘀𝗵𝗼𝘂𝗹𝗱 𝗻𝗼𝘁 𝗰𝗼𝗺𝗽𝗮𝗿𝗲 𝘆𝗼𝘂𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗲𝘀 𝘄𝗶𝘁𝗵 𝗼𝘁𝗵𝗲𝗿𝘀 and why to stay away from such traps.

Consequences of Comparing Financial | Financial Planners | PrimeWealth Learn more about PrimeWealth and book a free consultation https://primewealth.co.in/Follow us on LinkedIn:Alok Dubey:https://www.linkedin.com/in/aloksdubey/Y...

Are you making the same mistakes like other's?😱😵😳😥

In Retirement period we should be more conscious while choosing the investment products. Sometimes due to lack of risk management we end up choosing wrong product for investment which can be inaccurate decision for rest of retirement.

In this video we have explained the risk analysis/management & according to that how to choose right fit product for you in retirement.

Risk After Retirement | PrimeWealth Are you making the same mistakes like other's?😱😵😳😥 In Retirement period we should be more conscious while choosing the investment products. Sometimes due...

Do you know what is 𝗛𝗲𝗿𝗱 𝗠𝗲𝗻𝘁𝗮𝗹𝗶𝘁𝘆?🤔🤔

Many times people blindly follow the decisions or choices without even getting to know is it correct or wrong for them. since large group of people following the same. These decisions sometimes can lead to severe troubles.
In this video we discussed about how the 𝗛𝗲𝗮𝗿𝗱 𝗠𝗲𝗻𝘁𝗮𝗹𝗶𝘁𝘆 impacts our 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀.

Follow 𝗣𝗿𝗶𝗺𝗲𝗪𝗲𝗮𝗹𝘁𝗵 for more📈 📈

https://youtu.be/mf_lRO5-kV8

Why People Make Financial Decisions in Groups? PrimeWealth | Financial Advisors Learn more about PrimeWealth and book a free consultation https://primewealth.co.in/Follow us on LinkedIn:Alok Dubey:https://www.linkedin.com/in/aloksdubey/Y...