BFC Capital marked a significant milestone with its 250th Quality Circle Program, held on August 19, 2023, at YouStable. The event featured an enlightening session by Senior Wealth Manager, Vikas Sah, who took center stage to share his deep expertise on the intricacies of investing. Through his engaging presentation, attendees gained valuable insights into smart money management, strategic investment approaches, and financial growth. The program reinforced BFC Capital’s commitment to empowering individuals with the knowledge needed for sound financial decision-making.
Should web hosting employees prefer lump sum investments or SIPs in mutual funds?
SIPs Provide flexibility and anyone can invest with a smalls mount like 500 rupees is some cases and it also gives you the benefit of rupee cost averaging! making them perfect for irregular income.
During market fluctuations, take advantage of rupee cost averaging.
Start small and work your way up.
Take advantage of the freedom to stop or modify SIPs
Compound wealth steadily throughout time.
Lumpsum are suitable if you have irregular income and can invest whenever you receive bonus etc.
How can mutual funds help web hosting employees working in startups with uncertain salaries?
You can save money and utilize it by creating a well rounded financial plan for your startup with irregular income!
What happens to mutual fund investments if a web hosting employee relocates to another country?
You can continue investing as long as you update your status and abide by the new tax laws.
Update your tax residence and KYC information.
With a few exceptions for the US and Canada, most funds allow NRIs to continue SIPs.
Study the tax laws in both nations.
For transactions, use NRE/NRO accounts.
For worldwide exposure, take into account international finances.
