Facing a mid-life financial crisis? Here are 6 ways to get out of it

THE ECONOMIC TIMES Tue, Dec 24, 2019 | 08:34 AM IST ET Wealth Newsletter

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Facing a mid-life financial crisis? Here are 6 ways to get out of it 6 remedies for mid-lifers who are stuck in a financial quagmire, and how to avoid it in the first place. Sectoral mutual funds are meant for evolved investors. Here's how much you should invest As some of the sector and thematic funds have given very good historical returns, should you buy them now? Experts say chasing historical returns is a recipe for disaster. So here's what themes, sectors to bet on and how much to bet. 7 stocks that can help manage volatility in a weak economy It is advisable to look for stocks whose prices have a weak or negative correlation with macro variables. Their prices tend to move with a lower intensity (or those with negative correlation in the opposite direction) relative to the variables. Dabbawalas know someone's eating their lunch Dabbawalas understand threat from food-delivery apps and have a plan to conquer new avenues. Facial-recognition tech sparks public ire Few places in the world have embraced facial recognition technology with quite the fervency of China. The technology is used to access colleges, residential communities, and businesses. Since 2018, tech giants have promoted its use to let people pay for goods and services without the aid of a smartphone. Social media through the eyes of teenagers Social media allows young people to explore how they express themselves. But teens don't use social media just for the social connections and networks. It goes deeper. From our Partners Why should you invest in travel: 4 reasons to explore the world From planning the perfect long weekend staycations or vacations for Ganesh Chaturthi to organising a full-fledged holiday during Diwali, the opportunities are endless! From our Partners Here's why you should include Small Savings Instruments in your financial plan Tracking your investments is important to avoid over-diversification No additional diversification is provided by investing in more funds beyond a point. Tracking is important. Young adults consider investing important; 39% save a quarter of their salaries: Survey Those in the 18-25 age group believe in living in the moment but are also extremely conscious about securing their future, finds a Tata Capital survey. Keeping in mind these findings, it would be safe to say that GenZ displays keen financial acumen. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 23.09 21.73 9.32 3.42 Invest Now Axis Bluechip Fund-Growth ★★★★★ 21.52 20.30 8.71 3.32 Invest Now Canara Robeco Bluechip Equity Fund Direct-Growth ★★★★★ 18.83 18.92 8.75 3.07 Invest Now Mirae Asset Large Cap Fund Direct- Growth ★★★★★ 17.83 14.91 5.98 2.16 Start SIP JM Core 11 Direct Plan-Growth ★★★★★ 17.45 14.00 5.18 1.75 FeaturedAxis Bluechip Fund Direct Plan-Growth ★★★★★ 23.09 21.73 9.32 3.42 Start SIP Personal finance basics: 5 things to know about PPF account A public provident fund (PPF) account is an investment option that provides income tax deduction u/s 80C for the amount invested (subject to a limit of Rs 1.5 lakh a year). Due to the tax benefits offered, many assessees open PPF accounts. Empty nest syndrome? 5 ways to enjoy the new-found financial freedom All you folks out there who keep yearning for the attention of the children who have left for a purposeful and serious pursuit of their future, let it be known that the children will be fine.

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How should you prioritise your savings and spending? Having time on your side is a big advantage while investing, as compounding works like magic over long periods. A small portion of your savings should be allocated to long-term goals which you should simply let accumulate. Success at work: 6 key skills you need to succeed in the coming decade Your degrees don't matter, and your skills won't last. Employers are displaying a clear preference for work skills over coveted academic degrees. Here are the key skills that you need to survive and thrive in the coming decade. How to open NPS Tier II account To open a Tier II account, it is mandatory to have a permanent retirement account number (PRAN) and an active Tier I NPS account. Here is all the other paperwork involved and the documents needed for the process. How Sensex, gold, 10-year G-sec performed during week ending December 19, 2019 Here's a weekly tracker of returns that will keep you updated on how the stock market index, gold prices and 10-year bond yields have performed. This will give investors an idea of how their investments performed over a long period. Realty hot spot series: Nearby job hubs key attraction of this Pune locality This locality has well-developed residential area hosting important industrial estates and special economic zones. Also, the locality has good overall connectivity through NH-65, Magarpatta road (SH-27) and Hadapsar railway station. Family finance: Why Rawats should link their investments with money goals The couple's goals include building an emergency corpus, buying a car and another house, child education and wedding, and their own retirement. By linking their investments with goals and securing their risks, Rawat's will ensure a smooth journey. Stock pick of the week: Why stock market analysts are bullish on United Breweries United Breweries performance is expected to improve and as is visible from the Consensus Estimate, its net profit is expected to zoom by 39% in 2020-21. This should result in a re-rating in this counter, making the company a favourite of analysts. MF portfolio doctor: Mehta's ambitious financial goals will require big increase in investments When investing for multiple financial goals, starting early is the first and perhaps the most important step. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.

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