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Showing posts from December, 2019

OnePlus Nord2 5g review

OnePlus Nord 2 is an upcoming mobile by OnePlus. The phone is rumored to come with a 6.43-inch touchscreen display. OnePlus Nord 2 is expected to be powered by an octa-core MediaTek Dimensity 1200 processor and come with 8GB of RAM. The OnePlus Nord 2 is rumoured to run Android 11 and is expected to be powered by a 4500mAh battery. As far as the cameras are concerned, the OnePlus Nord 2 is rumored to pack a triple camera setup featuring a 50-megapixel primary camera; an 8-megapixel camera, and a 2-megapixel camera. The rear camera setup has autofocus. It is rumored to sport a single camera setup for selfies, a 32-megapixel primary camera. OnePlus Nord 2 is based on Android 11 and packs 128GB of inbuilt storage. The OnePlus Nord 2 is tipped to be a dual-SIM (GSM and GSM) mobile that will accept Nano-SIM and Nano-SIM cards. Connectivity options on the OnePlus Nord 2 are said to include Wi-Fi 802.11 a/b/g/n/ac/Yes, GPS, USB Type-C, 3G, and 4G (with support for Band 40 used by some LTE net

Exchange-Traded Fund -ETF

What Is an ETF? An exchange-traded fund (ETF) is a type of security that involves a collection of securities—such as stocks—that often tracks an underlying index, although they can invest in any number of industry sectors or use various strategies. ETFs are in many ways similar to mutual funds; however, they are listed on exchanges and ETF shares trade throughout the day just like an ordinary stock. Some well-known example is the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 Index. ETFs can contain many types of investments, including stocks, commodities, bonds, or a mixture of investment types. An exchange-traded fund is marketable security, meaning it has an associated price that allows it to be easily bought and sold. KEY TAKEAWAYS An exchange-traded fund (ETF) is a basket of securities that trade on an exchange, just like a stock. ETF share prices fluctuate all day as the ETF is bought and sold; this is different from mutual funds that only trade once a day

What Is Net Asset Value – NAV?

The net asset value (NAV) represents the net value of an entity and is calculated as the total value of the entity’s assets minus the total value of its liabilities. Most commonly used in the context of a mutual fund or an exchange-traded fund (ETF), the NAV represents the per share/unit price of the fund on a specific date or time. NAV is the price at which the shares/units of the funds registered with the U.S. Securities and Exchange Commission (SEC) are traded (invested or redeemed). Understanding Net Asset Value (NAV) Theoretically, any suitable business entity or financial product that deals with the accounting concepts of assets and liabilities can have a NAV. In the context of companies and business entities, the difference between the assets and the liabilities is known as the net assets or the net worth or the capital of the company. The term NAV has gained popularity in relation to the fund valuation and pricing, which is arrived at by dividing the difference betwe

What Is a Mutual Fund?

A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money managers, who allocate the fund's assets and attempt to produce capital gains or income for the fund's investors. A mutual fund's portfolio is structured and maintained to match the investment objectives stated in its prospectus. Mutual funds give small or individual investors access to professionally managed portfolios of equities, bonds, and other securities. Each shareholder, therefore, participates proportionally in the gains or losses of the fund. Mutual funds invest in a vast number of securities, and performance is usually tracked as the change in the total market cap of the fund—derived by the aggregating performance of the underlying investments. KEY TAKEAWAYS A mutual fund is a type of investment vehicle consisting o

Mutual Fund vs. ETF: What is the Difference?

Securing your financial future is one of the most critical tasks that you need to perform. There are various options available for you to ensure that your money generates adequate returns as per your financial goals. Out of the many investment options available to investors in India, Mutual Funds and ETF s are amongst the most popular ones. They both look quite similar at first glance, but when analyzed carefully, there are differences between both of them. Let’s get to know the difference between these two investment options and understand which one of these you should choose. What are Mutual Funds? Mutual funds can be described as professionally managed investment schemes that collect money from various investors and then invest it in diversified holdings. Mutual funds invest in a wide range of securities such as stocks, bonds, debt instruments and much more. Each scheme has a defined NAV (Net Asset Value) which is derived after dividing the total investment of a mutual

The markets are low, is it a good time to invest?

The markets have witnessed corrections post January. This volatility is what makes investing in equity and for that matter mutual funds, risky. Firstly, it is imperative to understand that such volatility is a regular phenomenon. In the long run, the volatility in general and corrections in particular get ironed out. What this signifies is that the investors must not try to time the market. Now, as the markets have corrected a lot from the highs of January, investors may look to make use of this opportunity by investing now (in the expectation that the markets may rise soon). With the given objective, it may be a better idea to invest in mutual funds via Systematic Investment Plan or SIP, than invest via lump-sum. The reason being that it is not certain that the markets could not correct further. If that happens, investment via lump-sum would not work well. However, investment via SIP would overcome this problem due to the benefits of rupee cost averaging. As the fund is a

What is Life Insurance

New to buying life insurance? Learn how it works and what you need to understand to choose your coverage. A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death. Typically, life insurance is chosen based on the needs and goals of the owner. Term life insurance generally provides protection for a set period of time, while permanent insurance, such as whole and universal life, provides lifetime coverage. It's important to note that death benefits from all types of life insurance are generally income tax-free.1 There are many varieties of life insurance. Some of the more common types are discussed below. Term life insurance Term life insurance is designed to provide financial protection for a specific period of time, such as 10 or 20 years. With traditional term insurance, the premium payment amount stays the

Cryptocurrency

What Is a Cryptocurrency? A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation. KEY TAKEAWAYS A cryptocurrency is a new form of digital asset based on a network that is distributed across a large number of computers. This decentralized structure allows them to exist outside the control of governments and central authorities. The word “cryptocurrency” is derived from the encryption techniques which are used to secure the network. Blockchains, which are organizational methods for ensuring the integrity of transactional data, is an essential component of many cr

Bitcoin Mining, Explained

Chances are you hear the phrase “bitcoin mining” and your mind begins to wander to the Western fantasy of pickaxes, dirt and striking it rich. As it turns out, that analogy isn’t too far off. Far less glamorous but equally uncertain, bitcoin mining is performed by high-powered computers that solve complex computational math problems (that is, so complex that they cannot be solved by hand, and indeed complicated enough to tax even incredibly powerful computers). The luck and work required by a computer to solve one of these problems is the equivalent of a miner striking gold in the ground — while digging in a sandbox. At the time of writing, the chance of a computer solving one of these problems is about 1 in 13 trillion, but more on that later. The result of “bitcoin mining” is twofold. First, when computers solve these complex math problems on the Bitcoin network, they produce new bitcoin (when referring to the individual coins themselves, "bitcoin" typically appears wi

Earnest Money

What Is Earnest Money? Earnest money is a deposit made to a seller that represents a buyer's good faith to buy a home. The money gives the buyer extra time to get financing and conduct the title search, property appraisal, and inspections before closing. In many ways, earnest money can be considered a deposit on a home, an escrow deposit, or good faith money. Understanding Earnest Money In most cases, earnest money is delivered when the sales contract or purchase agreement is signed, but it can also be attached to the offer. Once deposited, the funds are typically held in an escrow account until closing, at which time the deposit is applied to the buyer's down payment and closing costs. KEY TAKEAWAYS Earnest money is essentially a deposit a seller makes on a home they want to purchase. A contract is written up during the exchange of the earnest money that outlines the conditions for refunding the amount. Earnest money deposits can be anywhere from 1–10% of the sal

Why Credit Karma Is Free and How It Makes Money

Smart consumers know their credit score affects their ability to get a loan, their mortgage rates, credit card approvals and even a job or housing application. So it’s a good habit to review your credit report and score frequently – not only for accuracy but also to identify ways to could improve your score. Federal law mandates that everyone has the right to one free credit report from each of the big three credit-reporting companies – Equifax, Experian and TransUnion – every 12 months. To obtain a copy, consumers have to apply through AnnualCreditReport.com, the official credit-report site. But these reports don't include your credit score, which is an important financial figure everyone should know. In the past, the only way to obtain it was by purchasing the score directly from each agency, which often came at a hefty price. But now, Credit Karma, a San Francisco–based company founded in 2007, has shaken things up by offering free, ongoing access to your credit scores an

Airbnb: Advantages and Disadvantages

Airbnb: An Overview Airbnb is an online marketplace that connects people who want to rent out their homes with people who are looking for accommodations in that locale. It currently covers more than 81,000 cities and 191 countries worldwide. The company's name comes from "air mattress B&B.” For hosts, participating in Airbnb is a way to earn some income from their property, but with the risk that the guest might do damage to it. For guests, the advantage can be relatively inexpensive accommodations, but with the risk that the property won't be as appealing as the listing made it seem. KEY TAKEAWAYS Travelers can often book an Airbnb for less than the cost of a hotel room. The main risk to the traveler is that the property may not live up to its listing. The main risk to hosts is that guests might do serious damage to their property. The Advantages of Airbnb Wide Selection Airbnb hosts list many different kinds of properties—single rooms, a suite

5 Best High Dividend Paying Stocks in India – 2019

When it comes to commonly used stock investing jargon; “ dividends” probably holds a top spot. If you are a novice investor who has just started understanding the markets, you might have heard about “ high dividend-paying companies” from your peers or in the news and are probably intrigued about it. Well, it’s time you solidify your vague understanding of dividends! In this article, I will demystify the concept of dividends, explain the various terms associated with it as well as list out the top five highest dividend-paying companies in India in 2019. Read on!  What Are Dividends? Let’s assume we have a company A that earns a profit or Rs 100 every year. Now the company has two ways in which it can utilize this profit- either by reinvesting it into the business to fuel future growth or, when the scope of expansion is less, the same profit can be distributed amongst investors. This cash distributed to investors is known as a dividend. It’s important to note that it is not manda

Best Tax Saving Mutual Funds: 2019-20

Tax planning is an essential part of financial planning and selecting the best avenue for this purpose is extremely crucial. One such avenue that not only helps you lower your tax liability but also offers better capital appreciation prospects is tax saving ELSS funds. If you have made up your mind to invest in ELSS funds, read on to know about the best performing ELSS funds in 2019 that you can consider investing in. If you are still confused about whether ELSS is the right option for you, we have covered their various features in detail. Read On! What Is an ELSS Fund? An  ELSS fund  or equity-linked saving scheme is extremely popular among investors as they are tax saving funds. Under the Income Tax Act of 1961, these funds are exempted from tax up to Rs 1,50,000. Also, these funds have a lock-in period of 3 years, which is lower than most other tax saving instruments. Why these funds are preferred by investors is because they provide good returns because they invest in