Key Points to Keep in Mind While Financial Planning

The facility of getting loans from banks or private institutions for being able to buy commodities is known as consumer finance & managing these finances is called as financial planning. For different duration of loans, one has to pay a different rate of interest and it eventually affects the total amount payable. When finances are worked out and one knows how much he or she can spend at a time, it becomes easier to choose the repayment option and in the process, also work on lowering the rates of interest for the loan.

Some mistakes that people make while doing financial planning should be known and kept in mind.

1)Keep A Record:  when everything is noted down and is in record, it becomes simpler to gauge the amount of money that may be invested and the amount that should be kept aside for expenses. People usually invest without a realistic approach and this should be avoided.

2) Explore than Invest: One should avoid making impulsive investments. This means that any investment should be made with the right kind of knowledge and technical backing. Without true knowledge of how an investment option works, one may not be able to take complete advantage of the type of investment.

3) Diversification in Investment: A common mistake in investment that people make is to investment a great amount in just one or very few resources. It is important to diversify the investment options when money is at stake. Like in mutual fund, shares, gold, fixed deposit & small businesses. Syndicate Finance in Mumbai provides consultaction for the same.

4) In Depth Knowledge about Investment: One must also avoid investing in something that they may not be able to handle on their own. This means that the sole authority or responsibility of financial planning should not be placed in the hands of someone who is only supposed to guide the investor. You can study companies Income tax report available on their website or in newspaper before investing.

5) Follow the Rules: Mismanaged financial planning also takes place if the regulations of personal finances are not followed strictly. While laying down ground rules, one must accept the fact that he or she would have to follow it month on month. Don't come in forgery schemes to become rich overnight.

6)Minimize Risky Investments: Taking risks in investment is a part of the game, but when the risks are not calculative and one starts to gamble with investments, the entire exercise becomes a potential loss for the investor. One should ensure that the risk factor in investments is minimized.

7)Contact Financial Advisor: If help is taken in the case of financial planning, one must make sure that individuals or teams that are expert in the field are involved, such as Syndicate Finance in Mumbai. If investment advice is taken from friends and relatives, there are chances that the advice may not be the best.

8)Keep an Eye on Investment: Planning finance should not be limited to creating a comfort zone during a lifetime, it is essential that people learn about insurance and health policies in order to be able to save up and invest in financial safety devices or plans. Also keep a close watch on company after investment.

9)Lucrative Earning: Finally it must be understood that a financial plan should not be made with the purpose of saving on taxes, but instead it should be made so that the investments serves as a survival and sustenance tool.

Importance of Financial Consultant

Assets and investment are two of the most important aspects to a happy, satisfied and content life. This is even more true in the major metro cities of India. People who are always on their toes and are constantly trying to earn or save up a few bucks are commonly found in the city of Mumbai. A whole lot of people according to the investment experts at Syndicate finance in Mumbai, make a decent deal of investing their money and getting gains out of it. However, there are scores of others who need a great deal of assistance and guidance in managing their finances.There are a number of varied reasons why a person in India would need a professional financial consultant in the process of planning investments.

Experience of financial consultant plays a important role. The most essential reason is that a financial consultant will know the most fool proof and safe ways to make investments, losing money becomes a very small fear when an expert is involved in the task.

The investment options which are offered by the consultant. The financial portfolio of a person gets diversified when a consultants help is taken, which means that the source of return of investment widens.

The fear of risk is cut down to a great extent, because over investment in a certain resource may lead to greater losses. An experienced consultant like Syndicate Finance in Mumbai will be able to minimize risk & maximize returns for you.

The results which can be earned in next few years can be calculated. The safety of capital is ensured when a financial consultant explains and convinces about investments in wiser options such as insurance deals.

Financial consultant are expert in providing tax saving schemes, It becomes easier to work ways to save up on taxes by investing for a personal benefit such as in policies that provide exemption from income tax. Though the tax amount is used for the greater good of the country, it makes sense to first secure the personal life before making bigger contributions.

With a diversified portfolio and varied amounts put in different resources, it becomes easier to ensure safety for the investments because investing smaller amounts in more resources is always safer than investing a big amount in one resource.

Experience to handle wide investment projects & knowing the technical and legal fine print of investment options is very often a difficult task for the layman, but with the help of a consultant such as experts at Syndicate Finance in Mumbai, one may be able to know for sure about what they are signing up for.

The financial consultant would also be able to keep the portfolio updated according to the market trends, which may be a difficult job for someone who has their own professional and personal life to take care of.

Financial consultant for those who have no idea about the ways of the investment market but still want to earn their share of profit.

Finally it is advisable to hire an expert to handle monetary resources because the financial consultant may be able to give unbiased and frank opinions on the investment options, as compared to someone doing it on a personal basis.

All You Need To know About A Good Financial Advisor!

Working with money matters is something that not only requires a whole lot of responsibility but also a great amount of skill and logical reasoning. Without the right combination of skills and expertise, the chances are high that the financial planning may go haywire and money may be lost instead of it growing or multiplying. In order to make sure that the money does not get lost, the help of a good financial planner such as Syndicate Finance in Mumbai is necessary.

Here are 6 tips that help in making the right choice of a financial advisor.

1)Experience:  The first and the most important aspect in a financial advisor is the experience that he or she holds. When an advisor has adequate amount of experience in dealing with money, they are more likely to be able to impart useful knowledge.

2)Background :  It is also essential to make sure that the advisors have a hardcore financial background, which means that the competencies of the advisors should lie very strongly in the field. Good advice in financial matters may be given only by those who know the trade like the back of their palm.

3)Knowledge: It is also important that the advisors know the nuances, rules and repercussions of various investment options. When a financial advisor is chosen, it should be one who can advice like an expert, for example the Syndicate Finance in Mumbai.

4) Diversification: The diversification of financial investments is something that is the most essential investment function, this implies that an advisor should be able to advice on diversifying an investment portfolio for it to be able to grow and be nurtured.

5) Investment Advice: It is also important that the advisor knows about the ways in which money may be put to productive uses instead of spending large chunks of income on taxes and payments.

6) Result Oriented: A financial advisor should be able to make the money work for the investor. This means that the amount of returns that the investor gets is the true identity of the efficiency  of an advisor.

Investment advisory are best people to heir for financial consulting, I hope above tips will be able to provide you with best financial planner.

7 Tips to Hire a Financial Consultant

Managing finances is something that needs expertise and wisdom. Most people, who have the wealth, find it difficult to put it in the right places to make it grow. This is one of the reasons why it becomes important to hire a financial consultant and figure out how the money should be distributed among investment options. However, the task of hiring the right finance consultant, as per Syndicate Finance, is a tedious and a difficult one. Without good knowledge of hiring a good consultant, one may fall into the wrong hands and the wealth may not be invested up to its complete potential. Here are 7 major tips to make sure that the perfect consultant for financial investments is hired:

1) Company or agency: The Company or the agency from which the consultant comes is essential to know. A company that has a longer standing the industry may be able to do better in managing the finances.

2) Diversified portfolio: The Company should be able to offer a host of different products and investment options. This is because the wealth portfolio of a patron should be diversified to make it actually effective.

3) Right representative: The representative of an agency such as Syndicate Finance in Mumbai should also have complete knowledge about all the products and resources of investment. This helps in taking quick steps and immediate action when a prospect of investment seems ripe.

4) Client base: One must attempt to find out the kind of client base a particular consultancy has. When the base is larger, it is more likely to be successful in its job. The number of people that trust the agency shows the kind of work it does.

5) Services offered: When a consultancy offers multiple financial services, it may be most viable for hiring as a consultant. With the host of products that it offers, it can give the best return values, because of the in-house quality of the products.

6) Updated on products: Even when the company does not have in-house products, it should be updated on the products of finance and investment. This gives the investor the scope to place their money in varied pockets, even outside the umbrella of the agency.

7) Division of risk and assets: When an agency approaches for making their pitch, the investor should make sure that they will be provided with a comfortable mix of risk and risk free investments, this is because the investors need to make their portfolio a safe one and putting all the eggs in a single basket may lead to losses for the investor.

If the right measures are taken in the hiring of the financial consultant, one can make sure to get the desired returns, because the task of investment is majorly a job that requires efficiency in identifying opportunity.

6 Ways to Recover Your Debt

When one is in the business of lending on a personal basis, there is a whole lot of return on investment involved. The private lenders make sure that they achieve a high level of interest and they usually lend money in a casual manner. However, as per Syndicate Finance there are times when such lenders fall prey to defaulters. These are people who borrow money and then they do not pay the interest or the principle amount on a regular basis. It is a difficult job to be able to make sure that they money is received from the defaulters and those in trouble or those who think they may get  into trouble, should follow these 6 simple measures to recover their debt:

Keep security: While one lends money to a private party for various reasons, it is important to make sure that certain assets are kept by the lender as a guarantee deposit for the borrower to be pursued to pay regularly. This security could be in the form of property papers or assets such as good or other valuables.

Lend in phases: When one initially decides to lend to a new borrower, he or she should plan to provide the loan on an instalment basis, where a certain sum is paid before giving the rest. This would give the lender a fair idea about the kind of activities the borrower will carry out with the money and whether they will make a regular payment as it is decided.

Regular follow-ups: It makes sense to keep in touch with the borrower on a regular basis and to know exactly where the borrower lives and works from. This helps in keeping track of the party if they default in their payments. Giving regular reminders for payment and avoiding delay is one of the best ways to manage getting the money back.

Hire an Agent: There are professional agent who help in debt recovery as per the Syndicate finance in Mumbai. These agents make sure that they have a constant follow up with the borrowers in order to recover the money that is lent. These agents have people hired specially for the purpose of going to the door steps of the lender to recover the money.

Having a guarantor: In the process of giving out a loan, it also makes sense to involve a third party who may be able to give a repayment guarantee on behalf of the borrower. This implies that a guarantor should be involved in the process of lending money, so that the money remains secure.

Take legal help: In extreme cases, where money that is lent seems like it may get lost, one should approach police and law agencies to get the right kind of help. The borrower should be taken to account and the money should be taken back through the legal channel.

Tips to Borrow Money Wisely

Finance and money matters are aspects that always pose some amount of confusion and doubts in front of those who deal in it. There are those who need help with their queries and need to be guided about problems in financial matters, in such cases, Syndicate Finance comes in handy and serve as a guide book for various problems. With the festive season approaching and sales and offers bombarding the consumer base, a whole lot of people get influenced to put in money in commodities such as appliances and mobiles and very often opt for the goods on consumer loan or in simple terms they choose to take borrow money in order to buy consumer goods. However, a lot of those buyers find it difficult to choose between the loans providers and end up making the wrong decision because they give more money to the sellers than they may have seen in the offer. While a few may read the fine print, others need to know how to identify the right loan provider so that they can borrow money wisely.

When one chooses an option of paying in easy monthly instalments, they are also charged a certain amount of interest on the facility. Each loan provider offers a different rate of interest and various repayment durations. While opting for the loan provider, it is essential that the consumer checks the final amount payable at the end of a term. The reason for this is that while some companies may offer a lower rate of interest, the longer the repayment duration the higher the final amount becomes. A simple solution to the problem is that a medium length of payment duration should be chosen with a lower rate of interest. Though the consumer pays more than the selling price, they are still able to save up on the interest amount to a large extent. Syndicate Finance in Mumbai suggests in a lot of cases to either pay up front or if one needs to borrow on a loan basis then it should be done in a way that neither does the principle and interest amount become too large nor does the interest amount remain too high.

Consumer needs and shopping habits cannot be changed. People will keep buying and will buy even more when they are provided with the option of buying on borrowed money. However, the kind of investment made and the way in which loan amounts are compared is something that relies on the wisdom and expertise of the loan take. When one is not able to identify the right choice, it is important to take the help of someone who may know or someone who holds an expertise in the matter.

Syndicate Finance
Add: 428, Rawal Bldg.No.1, 1st Floor, Opp. Indusland Bank, D.B.Marg, (Lamington Rd.), Mumbai-400 004.
Ph No: 91-22-2388 0634

Solutions to Venture Capital Funding - Syndicate Finance

In the modern business scene in India, start-up ventures and new businesses are on an all-time high. Anyone who has a fairly decent idea for a commercial activity starts to look at avenues to be able to launch the venture into a full-fledged initiative. While gathering ideas and other resources may be a smaller task, the bigger challenge is when the capital for the business needs to be raised. Not everyone who has the best plans may have the money to execute those plans that is when a venture capital funding is required and according to the Syndicate Finance, the people who are the brains behind a venture usually come across various problems in raising the money or in the handling of the money and the money lender. The people who invest in a venture funding are those who believe in the risk investment style, which means that they place their bets on a business rather than lending money for personal use on a fixed rate of interest.

The sort of problems that the borrowers may face in such cases may be valuation of business. The venture owners may think that their venture is undervalued and that the capital they are offered may be too little for the business to freely grow. This may be a result of the lack of conviction on the part of the money lender or the capital funding partner. In such cases, a venture owner may decide to create a presentation and a showcase about the business idea and how it is planned to be executed. It is also important to include the kind of returns that the business may give so as to gain interest from those who are willing to fund the business. In certain cases it may be seen that while an investment is initially made, the later phases of the investment are not made. This sort of a problem, according to Syndicate Finance, may leave the business plan in a limbo and may lead to its failure. However, in such cases, it helps to have a good rapport with the funding party and there should be a close association with the financer so that he or she does not back out from the plan. It also helps that one does a proper paper work to ensure that the funding does not get stalled. A formal paperwork may also help in marking out the functions and the rights of the financer so that they cannot interfere in the working of the business and try to steer it according to their personal choices.

Being sure about the capital part of the business should be the first step for any venture aspirant, because money is of great essence when a venture is planned. 

Syndicate Finance Mumbai
Add: 428, Rawal Bldg.No.1, 1st Floor, Opp. Indusland Bank, D.B.Marg, (Lamington Rd.),MUMBAI-400 004.
Ph No: 91-22-2388 0634