Let’s unravel, demystify and simplify the three methods of SIP, STP, And Bulk Purchase.
Financial Planning For Seafarers
Every morning, I am being asked the same thing- What Are You Doing in the current market situation? Here’s my answer!
Like all financial products, Mutual Funds too have an intermediary who connects an investor to the Asset Management Company by way of different schemes.
Rajeeve Kaushik, an experienced maritime professional and a self-taught financial planning expert, takes seafarers through the journey of financial planning, providing age specific investment and saving plans along with some very helpful golden nuggets. Seafarers, as a group, are quite disconnected from the world which creates a void of knowledge regarding requirements of family and life ashore, along […]
SIP or Systematic Investment Plan has been around for quite some time now. Learn as to why they might not be a good investment option for seafarers.
Seafarers can benefit in several ways by opting for electronic fund transfers and internet transactions in financial dealings. Chief Engineer Rajeeve Kaushik explains as to why financial electronic communications are extremely important for seafarers.
Seafarers wanting to invest in mutual funds while doing their financial planning must read this article to understand the basics of mutual funds and to avoid common mistakes.
There’s a difference between savings and investments which seafarers must know. Learn some vital points before doing your financial planning with your hard earned money.
Insurance is a necessary pill all seafarers have to take sooner or later. Find out how seafarers can stay away from expensive insurance plans that do not cover them as they promise.
Seafarers earn their money through a lot of hard work, courage and grit. Find out how they kill this hard-earned money by investing in inefficient and dubious schemes in spite of consistent savings or investments.
The real magic of savings is that money can grow rapidly. Find out some important yet little known facts on saving money that seafarers should know. Learn the basics of financial planning in this article.
Seafarers often take financial planning for granted which leads to making some common investment and financial mistakes during the course of their career. Learn about ten such common mistakes which seafarers must avoid.
Lack of employer’s support in taking care of his future and retirement needs leaves a large gap in seafarer’s requirements despite the handsome salary that he is assumed to earn. This calls for sound financial planning, which is often neglected by seafarers.