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Avoid this investing mistake as coronavirus fears grip the markets

Avoid this investing mistake as coronavirus fears grip the markets

Finance
Oliver Furrer | Cultura | Getty ImagesThe spread of the coronavirus helped to sink the Dow Jones Industrial Average more than 900 points when the market opened on Monday.And if that decline goes past 1,000 points, it could be the biggest one-day drop since 2018.If you're like many investors, you may be inclined to check your investment balances, including your 401(k), in reaction to the news.Yet reacting to a sudden market fall is exactly what you shouldn't do, according to one expert."Volatility is inherently frightening," said Dan Ariely, professor of behavioral economics at Duke University and chief behavioral economist at personal finance app Qapital. "Being frightened means that we are paralyzed, we think about it too much.""It influences our well-being, and it doesn't necessarily lea...

Key Features & Benefits of Investing in Axis Long Term Equity Fund

Finance
Play SlideshowELSS_Regulatory_Info23 Jan, 2020ELSS Regulatory InfoInvestors are constantly looking for efficient tax saving investment schemes which can help them earn some extra income too. If you have an appetite for risk and saving taxes is on your mind, then you can consider investing in Equity Linked Saving Scheme or ELSS. ELSS is a tax saving investment scheme which will not only help you save tax but also increase your chances of building wealth in the long run. What are these unique features offered by Axis Mutual Fund’s ELSS scheme? Let’s find out: When you invest your hard-earned money in Axis Mutual Fund’s ELSS scheme you get tax savings up to Rs. 46,800* and chance of building wealth in the long run. ELSS is an open-ended equity linked saving scheme with a statutory lo
What are the advantages of investing in ELSS?

What are the advantages of investing in ELSS?

Finance
Play SlideshowELSS_SaveTax_BuildWealth-123 Oct, 2019ELSS = SaveTax + BuildWealth-1Financial planning is of utmost importance and has become a dire necessity in modern times. Irrespective of how much you earn, it’s important to save and invest so that you can aim to achieve your financial goals. Now what if we tell you there’s a mutual fund scheme that saves tax & helps you create wealth too? Yes, you heard it right. Equity Linked Saving Scheme or ELSS is one of such scheme that helps an individual to save tax up to Rs. 46,800* u/s 80C of Income Tax Act and also invest your money with a potential to generate wealth. Here are 2 benefits of investing in an ELSS scheme: 1. Tax Exemption The primary goal of an ELSS Schemes is to help taxpayers save some money. As stated earlier, with EL
Meet the former prosecutor asked to investigate bitcoin who became the face of crypto VC investing

Meet the former prosecutor asked to investigate bitcoin who became the face of crypto VC investing

Finance
Katie Haun, Andreessen Horowitz general partner.Source: Andreessen HorowitzSeven years ago, bitcoin was a foreign language to federal prosecutor Katie Haun. That changed when her boss at the U.S. attorney's office asked her to look into shutting it down.What's now the most widely used cryptocurrency was a niche payment method being used in the depths of the internet, in many cases being used to buy illegal goods on black markets. But Haun quickly decided the currency itself wasn't what needed probing."It would have been akin to saying 'let's go prosecute cash,'" Haun said.Instead, her department prosecuted multiple cases where bitcoin was being used for extortion and white collar crime. In some cases, the technology behind bitcoin, known as blockchain, actually helped the department solve ...
Here are smart investing strategies in any market

Here are smart investing strategies in any market

Finance
If the ups and downs of the stock market have you wondering what to do, you're not alone.Stocks tanked in August, neared record highs in September and Goldman Sachs is predicting a wild ride in October.On top of that, a recent UBS survey found that 55% of the ultra-rich see a recession by 2020 and 45% are already adjusting their portfolios to prepare — including shifting to bonds and real estate.Financial behaviorist Jacquette Timmons said that uncertainty and the lack of control over the market's performance causes many people to fear investing."The other thing is trust," she said. "Can you trust yourself to do the right thing? Can you trust the professionals ... are doing the right thing?"Warren Buffett says the secret to great investing is to wait.Danielle Townauthor and investorYet, it