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Some questions are everlasting. They keep haunting us every now and then. The world of investing is no less. Investors are often torn between SIP and lumpsum mode of investment. They often wonder which mode has the potential to generate greater returns in the future? This article aims to solve the dilemma and help investors...
Some questions are everlasting. They keep haunting us every now and then. The world of investing is no less. Investors are often torn between SIP and lumpsum mode of investment. They often wonder which mode has the potential to generate greater returns in the future? This article aims to solve the dilemma and help investors decide between the most optimum mode of investment for their mutual funds.
Mutual fund investments provide exceptional flexibility to investors in modes of investment and different types of asset classes. That being said, the later isn’t that mystifying if you carefully assess your financial goals. However, a slightly overlooked yet equally significant aspect is choosing the appropriate mode of investment. There are two different ways to invest in mutual funds – SIP and Lumpsum.
What is an SIP?
SIP or systematic investment plan is a means to invest in mutual funds. Under SIP investment, an individual invests a pre-determined sum of money at regular intervals in their desired mutual fund schemes. The periodicity of the intervals can be daily, weekly, monthly, annually, etc. Under this disciplined form of investing, automated and regular investments are made against a particular mutual fund scheme.
What is lumpsum?
Under this mode of investment, an investor invests a substantial amount of money in a in one go. This method is often chosen to build superfluous wealth and liquidity. Unlike SIP investment, lumpsum investment requires to time of the market. Lumpsum mode of investment is usually recommended when the markets are continuously growing.
Pros and cons of lump sum investment
One of the main benefits of lumpsum investment is that they have the potential to provide significantly higher returns on mutual fund investments, provided that one time their investments properly. However, investors often overlook that it’s almost impossible to track the market and time their investments continuously. God forbid, if the timing is ticked off, one may incur a significant loss, one that might take ages to recover from. It is recommended to invest via lumpsum investment only if one has a high-risk appetitte and is prepared to wait long periods to fetch returns. On the plus side, longer duration equals higher returns, owing to the power of compounding.
Pros and cons of investing in SIP
Sip investments strive to instil financial discipline among investors. They also provide investors with the benefit of rupee cost averaging. In this concept, an investor buys more units of mutual funds when the markets are low and vice versa, thus averaging out the purchase cost of mutual funds. SIP mutual funds help to protect your investments from the volatility in the market in the long run.
SIP vs Lumpsum
Following are the differences between SIP and lumpsum:
|Time of investment||Subject to your investment goals and market volatility||Subject to your investment goals but somewhat immune to market conditions|
|If an individual has an uncertain future income||Relatively recommended||Not recommended|
|Cost of investment||High (requires a significant one-time investment)||Less (thanks to rupee cost averaging)|
|Flexibility of investment||Low||High|
You must have read several articles on the importance of retirement planning and why you should build a retirement corpus for your golden period. However, one of the biggest roadblocks in achieving retirement plan is often choosing the right investment options. This article will cover one such investment option offered to investors to catalyse their...
You must have read several articles on the importance of retirement planning and why you should build a retirement corpus for your golden period. However, one of the biggest roadblocks in achieving retirement plan is often choosing the right investment options. This article will cover one such investment option offered to investors to catalyse their retirement planning – ETF (exchange-traded fund). Let’s understand how ETFs help in building a retirement corpus.
Reasons why ETF mutual funds are perfect for retirement planning:
Following are some of the reasons why ETF mutual funds are perfect for retirement planning:
When you save for retirement, where you invest matters significantly. ETFs are a smart investment option for many reasons, and by taking advantage of them, you can save more and better protect your investments. Happy investing!
As investors are becoming smarter in regard to the apt investment options, there are a plethora of investment instruments available to the investors in the financial market. One of the most popular and disciplined investment instruments is SIP investment. This article will cover different types of SIP options offered to investors. What is SIP? Systematic...
As investors are becoming smarter in regard to the apt investment options, there are a plethora of investment instruments available to the investors in the financial market. One of the most popular and disciplined investment instruments is SIP investment. This article will cover different types of SIP options offered to investors.
What is SIP?
Systematic investment plan or SIP is an investment vehicle offered by mutual fund houses to invest in mutual funds.
Types of SIP
Following are some of the most popular types of SIP in India:
An investor invests in SIP for the financial discipline it offers which is required for investments in mutual funds. Almost all mutual fund houses provide a mutual funds SIP calculator to help you understand the estimated returns on your SIP investments. An SIP calculator can also be used to calculate the required amount to reach a particular corpus.Happy investing!
The world has gone digital. The traditional ways of conducting business have been replaced with online and more interactive forms. The number of transactions that occur online daily has increased by leaps and bounds. This puts everyone, who is either the sender or receiver of money at the risk of frauds and theft. Not only...
The world has gone digital. The traditional ways of conducting business have been replaced with online and more interactive forms. The number of transactions that occur online daily has increased by leaps and bounds. This puts everyone, who is either the sender or receiver of money at the risk of frauds and theft.
Not only financial transactions but the entire reputations of organisations are at stake. The different social media channels are the touchpoints between the customer and the organisation. These touchpoints make it imperative to have well-established security systems in place. While an organisation interacts with its customers or other stakeholders, it collects data about them. Acyber attack can pose a threat to the confidentiality of data.
To tackle these problems, one needs to install appropriate security layers to the information architecture. But there have been instances in the past where we come across news about data leaks. Hackers and other unethical individuals are devising new and new methods to compromise the integrity of these data and pose cyber threats.
Here come cyber insurance plans to your rescue!
Cyber insurance is a specialised type of insurance policy that protects the business entities and individuals from the financial risk relating to a data breach or risks that relate to Information Technology Infrastructure and activities. This concept of cyber insurance started to gain prominence in the early 2000s with the increase in internet reach to different parts of the globe. Also, cyber attacks have no fixed geographic location as it all happens on a virtual space leaving no trace of any attack.
If you ask this question to yourself, most likely it would be a yes. As the smartphone in our pockets is gaining more and more data about our vital information like personal data along with passwords to financial data, it becomes essential to buy one. Although you might be practising all possible safety measures to protect and safeguard your data, you don’t want to be crying over spilt milk. So why not just buy one.
The extent of your cyber insurance plan varies among the different insurance companies that offer this product. Below listed are some of the common types of costs included in your cyber insurance coverage.
Apart from those mentioned above, malware attacks, cyber extortion, IT theft loss and media liability are a few other areas that are covered by your cyber liability insurance.
In conclusion, it is always prudent to opt for a cyber insurance cover. Assuming you possess what cyber-criminals want rather than thinking that you don’t will be a conservative approach to ensure the protection of critical information. Explore general insurance plans to secure yourself & your loved ones from any & all issues surrounding health, motor, home, travel and other aspects.
Road accidents often get nasty. In some cases, the cars are totalled to the point there is no repair. The only way is to salvage it. In such severe accidents, apart from damage to property, one can sustain serious injuries; some injuries to the point that leaves a person disabled for life. These kinds of...
Road accidents often get nasty. In some cases, the cars are totalled to the point there is no repair. The only way is to salvage it. In such severe accidents, apart from damage to property, one can sustain serious injuries; some injuries to the point that leaves a person disabled for life.
These kinds of injuries are not only mentally devastating, but often lead to loss of livelihood in a few cases. Keeping in mind these kinds of accidents that take place in the country, it is mandatory to have a motor insurance policy. These motor plans have a compulsory extension in the form of personal accident (PA) cover. Whether you buy a third-party or comprehensive plan, personal accident cover is a mandatory component for the owner-driver.
As per regulation, every vehicle registered in the country needs to have at least third-party car insurance. Third-party insurance plans offer benefits to another person in case of an accident or injury.
Following are the benefits provided under third-party motor insurance plans-
Do personal accident covers include any injuries caused to the driver?
Third-party insurance covers can be enhanced for a nominal premium to avail PA cover. Here, in case of an accident, the insurance company shall pay a pre-decided amount to the driver.
But there are a few conditions that need to be remembered when filing a claim using PA cover –
Only if the above conditions are fulfilled, you can make a claim for personal accident cover in case of third-party car insurance plans. The requirements are similar in the case of private and commercial vehicle insurance.
Now you may contest, what in cases where a driver is appointed? Will the PA cover be available for such drivers too?
As per the Workmen’s Compensation Act, 1923, you are liable to pay compensation for an employee in case of an injury at work. The insurance companies identified these cases and have made available an ‘accident cover for drivers’ too. At a nominal fee, this PA insurance cover can be opted to insure your driver as well.
Now you may think other passengers are travelling with the driver. What about them? Can they also be covered under a personal accident policy?
Yes! Passengers in your vehicle can also be insured using a PA cover. This add-on is called ‘Personal Accident cover for unnamed passengers’ and this cover for passengers is available in multiples of ₹ 10,000 which goes up to ₹ 2,00,000.
Here is a summary of the different accident covers that can be bought –
|Policy type||Persons insured||Can be included in which policy?|
|Accident Cover||Third-party individuals||Third-party motor insurance plans|
|Personal Accident Cover||Owner-driver||Comprehensive motor policy or compulsory cover in third-party plans|
|Personal Accident Cover for drivers||Paid drivers||Optional add-on for comprehensive or third-party plans.|
|Personal Accident cover for Unnamed Passengers||Passengers in the vehicle||Optional add-on for comprehensive or third-party plans.|
To conclude, whether you buy a comprehensive plan or third-party policy, do not forget to top-it with accident covers. They go a long way in ensuring financial as well as mental peace for the driver as well as passengers. At your next car / bike insurance renewal, remember to check for your motor insurance policy for coverage available. Stay insured and stay safe!
If your heating system is not working efficiently along longer and you are reading this article wrapped up in blankets, then it is time for you to consider buying an electric heater. In the past, they were considered to be an expensive option. However, today’s electric heaters from Electric Heating Expert are highly energy efficient....
If your heating system is not working efficiently along longer and you are reading this article wrapped up in blankets, then it is time for you to consider buying an electric heater. In the past, they were considered to be an expensive option. However, today’s electric heaters from Electric Heating Expert are highly energy efficient. Also, many of them are equipped with a wide selection of features like WiFi connectivity which allows you to control your heating no matter where you are. Electric heaters are not only very cost-effective these days, but given everything we have learned about fossil fuels, now is definitely the time to throw the firelighters away and move away from using propane gas heaters to search for a cleaner way for powering our lives. With the major move towards renewable, green energy, electricity is quickly becoming the leading way forward, especially for heating our houses.
If you are considering buying an electric heater, you can find a huge range of choices with a Google search, so it can be hard to know which one to choose. Our customers have sent us so many queries. So we decided to compile answers for the leading queries, in order to help you make the best decision for you.
How Efficient are Electric Heaters?
When you need to replace your heating system, electric radiators are definitely the most cost-effective and energy-efficient form of electrical heating. However, if you are in need of a boost in heat that a central heating system provides, then electric heaters are a very energy-efficient option as well. Given that numerous electric heaters immediately convert power into heat, an electric heater is considered to be almost 100% energy efficient. This means that you receive heat at the same rate that you use energy.
What benefits are offered by Electric Heaters?
The following are some of the major benefits that electric heaters provide.
1. They are inexpensive to operate.
The running costs on a portable electric heater tend to be quite low. If you are concerned that you will be using your heater for the same number of hours that you would a traditional boiler, don’t worry. They work very fast, which limits your energy use.
2. Since electric heaters work very quickly, their efficiency means you won’t need to wait very long to start felling the benefits that boosted heat provides.
3. They are available in a broad range of sizes and shapes.
Unlike traditional radiators, there are a wide variety of sizes, shapes, and styles of electric heaters to choose from. This means you can choose your heater according to your budget and also the frequency and type of heat you need, and how powerful of a heater you need to have.
4. They offer flexible heating
You can switch on an electric heater in the ream where it is needed most. This means you won’t waste energy heating empty rooms and areas. In many cases, in fact, it is less expensive to buy an electric heater for topping up the heat instead of just turning the boiler thermostat up.
How much does an Electric Heater cost?
That will depend on where you purchase it from and what kind of heater you select. A lower-end fan heater will tend to cost less than £10. On the other hand, a smart heater can cost more than £300. After you have chosen the best model for you, you should compare prices. Just make sure to choose a retailer with a good reputation and that offers the best warranty terms.
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