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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
Morgan Stanley offers new tool to let advisors, investors measure sustainable investing goals

Morgan Stanley offers new tool to let advisors, investors measure sustainable investing goals

Finance
Morgan Stanley signage on the door of their headquarters building in New York.Scott Mlyn | CNBC Morgan Stanley is offering a new tool to help financial advisors and their clients measure sustainable investing choices and how they perform in their portfolios.The analytics and reporting application, called Morgan Stanley Impact Quotient, was announced on Monday. The firm said the feature is part of the firm's commitment to make sustainable investing a bigger part of the conversation between advisors and their clients.The tool helps clients prioritize preferences when it comes to environmental, social and governance interests. That may include climate change, gender equality or religious values.Once those priorities have been identified, the application then uses Morgan Stanley's proprietary ...
Advisors down on crypto but give cannabis stocks and passive investing a thumbs up: survey

Advisors down on crypto but give cannabis stocks and passive investing a thumbs up: survey

Finance
Jose Luis Pelaez | Iconica | Getty ImagesCryptocurrencies are out and cannabis stocks are in, according to the latest investing trends survey by the Financial Planning Association.The 392 financial advisors who participated in this year's study, the 2019 Trends in Investing Survey, said that 55% of their clients have asked about investing in marijuana stocks and companies in the past six months.The proportion of clients inquiring about cryptocurrencies, on the other hand, fell to just 25% this year, from 53% in 2018. This was the first year the survey asked advisors about cannabis stocks.For their part, advisors remain highly skeptical of cryptocurrencies as an asset class. Just 1% of survey respondents believed they are a viable investment option that has a place in a portfolio. Another 1...