Before Investing Evaluate Your Risk Appetite And Risk Tolerance

There is trade off of risk and return in every aspect of life. The higher the risk, higher will be the return. Risk plays an important role in taking investment decisions but most of us are unaware of how to determine it. There is difference between risk appetite and risk tolerance. These terms are mostly used interchangeably. Risk appetite means your readiness to take risk and risk tolerance means the ability to do so. For example, you might love racing (which is your risk appetite) but you must be physically fit to do so (which is your risk tolerance). Risk […] Read more

Virtual Credit Cards- Analysis

As everything has both sides, positive and negative, Virtual credit card too have both sides.

Here are some pros of virtual credit cards:

-> Protection: They provide protection to card holders from online credit card fraud, prevent card number from being stolen and used to run up high charges. They also protect user from identity theft, because card cannot be used to provide proof of the thief’s false identity. The virtual credit cards do not carry any of the owner’s personal information and only carry the temporary number provided by the company.

-> Convenience: These cards allow the user to make online […] Read more

Virtual Credit Card- Must Knows

-> A virtual credit card is an electronic card, which can be created using the internet banking facility by providing one’s credit/debit card details. It does not require any extra charges.

-> This card is created for one time and it is created for each online transaction separately. It is valid up to maximum of 48 hours.

-> Each virtual card comes with its own card number, CVV number and validity details. It can be used for online transactions like regular credit cards.

-> This virtual card allows secure online transactions as it reduces the risk of exposing the underlying credit/debit card details […] Read more

Review Your Financial Plan Because…………

Your financial plan is chalks out your financial goals and how you plan to achieve them. As life changes every moment, your financial plan also needs to be reviewed regularly for achieving your goals. I had mentioned some details in one of my previous blog http://sfinance2.wordpress.com/2012/07/01/financial-plan-analysis/ regarding Financial Plan. Following are the reasons why you should review your plan regularly:

1. Change in Financial Conditions: If your financial conditions change, whether internally or externally, you must review your financial plan. And after reviewing your plan you would know whether you are progressing towards your goal or not. If not, then you must revise […] Read more

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