• About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST
TFI Official Merchandise
हिन्दी
Monday, January 25, 2021
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Rahul gandhi, tamil Nadu, Congress, China

    Translator literally faints after Rahul Gandhi’s ‘Don’t need Army, we need labour to protect India from China’ speech

    Amit Shah, vaccine, COVID-19

    “Let’s have a duel,” Amit Shah rips into media, NGOs and opposition who are trying to create an anti-vaccine narrative

    SFJ, Khalistani, farmers protests

    Khalistani terrorists in the garb of farmers have planned to attack Delhi’s power grid on 26th of Jan

    Nusrat Jahan, TMC, Prashant Kishor

    Prashant Kishor meticulously created the myth of Hindu Bride Nusrat Jahan, she destroyed it with just one tweet

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Minimal investments in hospitality, tourism, and Auto sector but India’s FDI touches record high in just 2 quarters

    Minimal investments in hospitality, tourism, and Auto sector but India’s FDI touches record high in just 2 quarters

    Adani, Total, Reliance

    Adani leads India’s alternate energy revolution as Total SE makes a mammoth $2 Billion investment

    Bengaluru, IT Sector, tech

    Bengaluru leaves behind London and many other European cities to become the leading tech hub

    plan

    Is It Possible to Get Affordable Term Plan Quotes?

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    Turkey, US, Russia

    Turkey may be sanctioned by US for using F-16s as target practice for Russian S-400s

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    UK, India, G7

    Ahead of Biden presidency, UK invites India to G7 summit amid talks of expansion

    India, China, Al-Qaeda

    China stops India from heading Al-Qaeda sanctions committee that would have given it immense leverage over Pakistan

    Africa, India, Chinese, vaccine

    As Africa distrusts the Chinese vaccine, India has the golden opportunity and the perfect resources to expand its soft power

    France, India, EU

    France invites India to join European naval missions in the Persian Gulf, the most important oil route in the world

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    Turkey, Hagia Sophia

    Hagia Sophia is not the only one: Turkey has a shameful history of desecration

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    whatsapp signal brian acton

    He was forced to sell WhatsApp to Facebook. Now, he has come back with Signal to dethrone WhatsApp

    fan

    Here’s Why Finding the Right Ceiling Fan is Important

    coolie no. 1

    This is not even about nepotism; Coolie No. 1 remake is plain horrible and a huge insult to Govinda

    ajinkya rahane

    Ajinkya Rahane – One of the best test captains India NEVER had

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Rahul gandhi, tamil Nadu, Congress, China

    Translator literally faints after Rahul Gandhi’s ‘Don’t need Army, we need labour to protect India from China’ speech

    Amit Shah, vaccine, COVID-19

    “Let’s have a duel,” Amit Shah rips into media, NGOs and opposition who are trying to create an anti-vaccine narrative

    SFJ, Khalistani, farmers protests

    Khalistani terrorists in the garb of farmers have planned to attack Delhi’s power grid on 26th of Jan

    Nusrat Jahan, TMC, Prashant Kishor

    Prashant Kishor meticulously created the myth of Hindu Bride Nusrat Jahan, she destroyed it with just one tweet

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Minimal investments in hospitality, tourism, and Auto sector but India’s FDI touches record high in just 2 quarters

    Minimal investments in hospitality, tourism, and Auto sector but India’s FDI touches record high in just 2 quarters

    Adani, Total, Reliance

    Adani leads India’s alternate energy revolution as Total SE makes a mammoth $2 Billion investment

    Bengaluru, IT Sector, tech

    Bengaluru leaves behind London and many other European cities to become the leading tech hub

    plan

    Is It Possible to Get Affordable Term Plan Quotes?

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    Turkey, US, Russia

    Turkey may be sanctioned by US for using F-16s as target practice for Russian S-400s

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    UK, India, G7

    Ahead of Biden presidency, UK invites India to G7 summit amid talks of expansion

    India, China, Al-Qaeda

    China stops India from heading Al-Qaeda sanctions committee that would have given it immense leverage over Pakistan

    Africa, India, Chinese, vaccine

    As Africa distrusts the Chinese vaccine, India has the golden opportunity and the perfect resources to expand its soft power

    France, India, EU

    France invites India to join European naval missions in the Persian Gulf, the most important oil route in the world

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    Turkey, Hagia Sophia

    Hagia Sophia is not the only one: Turkey has a shameful history of desecration

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    whatsapp signal brian acton

    He was forced to sell WhatsApp to Facebook. Now, he has come back with Signal to dethrone WhatsApp

    fan

    Here’s Why Finding the Right Ceiling Fan is Important

    coolie no. 1

    This is not even about nepotism; Coolie No. 1 remake is plain horrible and a huge insult to Govinda

    ajinkya rahane

    Ajinkya Rahane – One of the best test captains India NEVER had

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
No Result
View All Result
  Newswire
Russia’s Covid-19 cases up 21,127 to 37,19,400 59 mins ago
Turkey to receive 6.5mn more doses of Covax from China 2 hours ago
Africa’s confirmed Covid-19 cases pass 3.41mn 3 hours ago
Two snatchers used to target Delhi’s posh colonies held 3 hours ago
Israel to be shut down hermetically: PM Netanyahu 4 hours ago
Ladakh to be developed as international tourism hub: Union Minister 4 hours ago
Next
Prev

Financial Planning Advice to Deal with COVID Crisis

Gaurav Singhal
by Gaurav Singhal
6 October 2020
in Finance
0
covid
0
SHARES
159
VIEWS
Sharre via FacebookShare via Twitter

If the industry predictions are any indication, then the COVID -19 is expected to hit the economic landscape of the developing countries hard. Given the worsening condition around the globe, a recession is likely to impact the financial market, causing millions to lose their job.

Experts have even claimed that the extent of financial damage and recession is difficult to predict. However, as the economy slows down, there is every reason to plan your finances well in advance to cushion the shock and prevent any long-term damage.

The good news is that even though the coronavirus pandemic is exceptional for us, the markets are not exactly alien to this crisis. However, the markets have survived wars, terror attacks, and natural disasters, only to bounce back stronger several times in the history.

Fortunately, you can do multiple things to safeguard your finances and stabilize your investments. Things like developing a robust investment plan and doing away with high-interest debts are one of the few things to get a head start.

Not many people know this, but the COVID -19 lockdown period and the uncertain economic slowdown is actually a good time to build the best investment plan and rebalance your portfolio by checking the performance of various financial products.

Follow these steps to achieve your long-term financial goals and secure your investments during unpredictable times:

  1. Plan, Plan, Plan

 Before you start considering an investment plan, always remember to plan. It is crucial because that way, you will know the purpose of your investment and have the clarity to know how much money to invest.

According to financial experts, investment should be made after thorough research. You must only invest in the instruments that you can easily understand. If you are a first-time investor, then you must ask about the types of investment from a financial advisor so that you can layout a robust map before you start investing. Given the current times, planning your investments will not only protect you in the short term but also keep your long-term benefits secure.

  1. Start early

 If you haven’t started investing in an investment plan, now is a good time as any to think about it seriously. When you start investing early, you not only benefit from the power of compounding but also be able to accumulate considerable wealth over time.

However, if you have already invested in different assets in the past, then don’t obsess over the loss in value of your investments. Don’t forget that there is a crucial difference between wealth and income. The wealth is accumulated over a lifetime of staying invested. It is the reason you must choose the right instruments so that you can benefit from facilities like partial withdrawal when you are faced with such unprecedented times.

  1. Take calculated risks

 If you want to earn high rewards, then you must take some risks. However, do not tread on unfamiliar territory in the name of higher returns. At a time when people in the whole world are witnessing an abnormal situation, it is advisable to refrain from taking ambitious investment decisions.

For instance, if you are planning to add ULIPs to your investment plan, then choose your asset allocation wisely and stick to low-risk instruments in the face of volatile markets. You can also invest in low return instruments such as FDs to earn an interest income. At the same time, you must retain your cash volumes and stay liquid at this time so that you can manage your household expenses and medications with ease.

  1. Choose between short term and long-term investments wisely

The global COVID -19 pandemic has not only brought the world to its knees but also resulted in millions of people losing their jobs. In such a scenario, you should focus on keeping an emergency corpus of funds that can be used to fulfil immediate financial needs.

However, you must also define your long-term goals to ensure that the future of your loved ones is secure too, should something happen to you. Remember not to mix these investments as you may end up missing both your goals.

  1. Invest in thriving stocks

 Another thing you can add to your investment plan is prospering stocks. Financial experts claim that this is perhaps the best time to put your money down on stocks, especially in the health and pharma sectors, as they are racing to develop the first coronavirus vaccine. Even the stock of companies making PPE kits, sanitizers, and masks have gone up exponentially due to their rising demand. At the same time, stocks of travel companies and airlines have witnessed a decline. So choose the stocks that are likely to stay afloat during the pandemic and ahead.

The world post COVID will not be the same. Working from home during COVID lockdowns has made people close to their families, and they have been able to spend time with their loved ones. This is the perfect time to hold on to your finances and assets to start saving money. It is also an good time to think seriously about long-term wealth creation with a solid financial plan that you can fall back on during such contingencies.

Tags: COVID!(FinanceInvestment
ShareTweetSend
Previous Post

‘It doesn’t provide India any military edge,’ How one newly inaugurated tunnel in India is making China cough blood

Next Post

In his quest to become the absolute power in China, Xi took PLA to impossible battlefields to face indignity and shame

Gaurav Singhal

Gaurav Singhal

Coffee Addict, Often a Writer, Proud Bharatiya, RSS Swayamsevak, BJP Member, Right-Wing Activist

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Rahul gandhi, tamil Nadu, Congress, China

Translator literally faints after Rahul Gandhi’s ‘Don’t need Army, we need labour to protect India from China’ speech

24 January 2021
Amit Shah, vaccine, COVID-19

“Let’s have a duel,” Amit Shah rips into media, NGOs and opposition who are trying to create an anti-vaccine narrative

24 January 2021
SFJ, Khalistani, farmers protests

Khalistani terrorists in the garb of farmers have planned to attack Delhi’s power grid on 26th of Jan

24 January 2021
Nusrat Jahan, TMC, Prashant Kishor

Prashant Kishor meticulously created the myth of Hindu Bride Nusrat Jahan, she destroyed it with just one tweet

24 January 2021

Popular This Week

Arnab Goswami, Modi, Pulwama Attack
Trending

It was not just Arnab but 1.3 Billion Indians who knew that PM Modi was going to do something “big” after the Pulwama attack

by Sanbeer Singh Ranhotra
18 January 2021
Imran Khan, Balakot Airstrike, Pakistan, PM Modi
Trending

Imran Khan was trying to “rip into PM Modi”, ended up accepting that IAF bombed the poop out of Pakistan

by Sanbeer Singh Ranhotra
18 January 2021
China, vaccines, India
Trending

China finally admits that it lost the vaccine war to India

by Yash Joshi
22 January 2021
Tandav, social media, ali abbas zafar
Trending

As Tandav director issues a sorry excuse of an apology, its stars share memes on social media

by Abhinav Singh
20 January 2021
PM Modi, Shah Faesal
Trending

Shah Faesal beats the most seasoned Bhakts in worshipping Prime Minister Modi

by Sanbeer Singh Ranhotra
23 January 2021

©2021 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
TFI Official Merchandise
हिन्दी
  • About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST

©2021 TFI Media Private Limited