Archive for: January, 2024

Truth to Own Career In Stock Market

Jan 19 2024 Published by admin under Uncategorized

In India, the job and salary are limited for monthly income. Private job bonds to get a fixed amount. Therefore, this is one of the reasons why most people switch to choose stock trading and earn a good amount in the stock market.

But starting with a little bit of knowledge will not help you to fulfill your goal. A shortage of trained traders in the financial market has offered the need for professional traders in various verticals ranging from stock traders to venture capital analysts.

In India, the financial market is in a growth phase, and there is a need for trained professionals, the industry is lacking for brilliant traders and young minds, also the requirement of talent traders increases than what it has. The traders nowadays do not have a specialization or proper understanding of the capital market and this gap needs to be filled.

How the stock market improves the opportunity in the stock market?

The stock market has opened its wings and growing everything resulting in creating hug opportunities for employment. This is the trading system which brings enormous opportunity and people from all the background including science, commerce or humanities are showing a lot of interest in pursuing their career in the stock market.

The career in the stock market could start from entry-level positions like equity advisory or relationship manager to set up an entrepreneurial venture through offering services like registered investment advisors, market intermediaries, useful platforms that provide key information for market participants, etc.

Youngsters refrain themselves from any investing decisions:

In, India many the youngsters hold back themselves from any investing decision until their financial situation become, at least theoretically, more stable and therefore, the very low population is exposed to the equity investment compared to other developing countries and we see immense opportunities lying out there in the stock market considering the phenomenal growth in last decade or so.

Many of us think that the stock market is only meant for people with finance or business background. But this Is not all, we must not stop ourselves from entering into the exciting world of the stock market as we have no financial degree.

As per nowadays, most of the financial companies hire individuals who are not from any of the trading backgrounds, and in this era of technology new-age finances are looking for the skills and the aptitude of the applicants rather than the qualification or degree. Therefore having or not having any financial degree is just the starting point while entering into stock trading.
To become a stock trader is one of the good starts towards a career if you are well versed with the complete stock market ecosystem and proper trad positioning. There is a good example of prominent traders who quit their full-time jobs and pursued trading successfully.

What is the qualification required for the stock market?

Holing any of the degrees with short term certification in stock trading allows exploring different avenues.

There are many stock market training institutes and training centers to offer trading concepts apart with courses like NISM/NCFM/STOCKPRO are nationally recognized certification mandatory for various professionals in the capital market in India. Anyone interested to know the fundamental of companies and want to become a stock trader can go for the pocket-friendly courses.
While choosing the courses you can have different derivatives, investment advice, risk management, and other wide-ranging knowledge. If you are having certification before entering the stock market industry you have good chances of and better prospects in the stock market.

Also, the degree of MBA in finance or capital markets is generic and essentially a study in financial markets, corporate finance, and portfolio managem3nt. This will act as a better on the cake which helps in charting a rewarding career path in the world of stocks and investments. Also, the MBA is not particularly useful as it touches upon the surface and does not have enough depth that is required to pursue a career.

Can you become an analyst?

If you are planning to become an analyst, you apply for reputed charter financial courses including CFA or CA, where CFA is considered as a gold standard for the investment industry and charter holders enjoy a mark of distinction throughout the world.

It provides a deep and fundamental understanding to be able to analyze companies and practical skills related to investment decision-making. Whereas, niche courses like CMT, FRM for those who are more inclined towards trading, technical analysis, risk management, and quantitative finance.

To be successful in the stock market, an applicant should focus on enhancing his/her skills and practice and grab knowledge which helps to build a dream career life than chasing over degrees.

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Rent Deposit Loan – Apply and Pay Your Owner the Security Deposit

Jan 19 2024 Published by admin under Uncategorized

Worried about security deposit for renting a home? Instead of exhausting your savings, just apply for a rent deposit loan, which can help you pay your security deposit to the owner while renting a new home or a flat. Relocating to a new abode is very common. Especially salaried professional move from place to place when they move to a new company. They either relocate to a new city or else they stay far away from their workplace and commute for longer distances.

Security deposit is the amount that a tenant has to pay to his landlord which is usually a sum of 3-12 months rents in advance. This deposit differs from one metropolitan city to another, but the possibility of arranging such a big amount is less, even after meticulously saving. Hence, in such situations, a rent deposit loan comes to your rescue.

What is a Rent Deposit Loan?

A rent deposit loan amount ranges anywhere from a minimum of INR 1,00,000 to a maximum of INR 5,00,000. Depending on your lease/rental agreement, the loan tenure varies from 11 months to 33 months (values differ from one lender to another).

How does a rent deposit loan work?

The security deposit will be given directly to your landlord. You will pay the interest amount till the termination of the lease. Once the lease period gets completed / you vacate the house in advance, your landlord will return you the security deposit. In this case, your landlord expects you to offer a declaration regarding the complete procedure.

With a rental deposit loan, you will be offered with the flexibility to manage your expenses in a better and in an efficient way.

When can you use a rent deposit loan?

In the following cases, a rental deposit loan can be used:

When you have recently shifted to a new city or a new location in the same city, but low on savings.
Short of emergency funds to pay rents and embarrassed to borrow money from family and friends.
Who is the best lender for getting a rent deposit loan?

You can get a rent deposit loan from many lenders such as traditional banks, credit unions, NBFCs (non-banking finance companies) or other online lending institutions. But, applying for a loan from NBFC is the best solution as they swiftly approve your loan and instantly disburses your money.

There is an NBFC called Vivifi India Finance Private Limited with its loan offering product called Loan Granted. They provide exceptional loan lending services and are also registered with the Reserve Bank of India (RBI).

The best part about Loan Granted is it easy to apply for a loan with them and your loan gets approved on the same day you have applied.

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Benefits of Prepayment and Partial Payment of Personal Loan

Jan 19 2024 Published by admin under Uncategorized

At the need of the hour, a personal loan will always be the most opted choice as it helps you get cash urgently. Because of its flexibility and easy accessibility, personal loans are everyone’s choice. Most of the personal loans are unsecured and hence does not pledge for any asset as collateral.

Personal loan uses:

You can use a personal loan to buy consumer durables, plan your dream wedding, pay for your health treatment, consolidate your debt, pay for your child’s tuition fees etc. Whatever is the reason, you can use a personal loan for anything.

Repayment period of a personal loan:

The repayment period for a personal loan ranges between 12-60 months. To save money that you pay as interest, some people repay their loan in full before the tenure is completed. Some people use the entire tenure to repay the loan while some people prefer prepayment and some even make partial prepayments.

What is a personal loan prepayment?

In general, when you get a loan, you repay the loan in EMIs (equated monthly instalments) till the end of your loan tenure. However, few people might have surplus cash available with them, which is more than enough to close their loan by paying the outstanding principal. By doing so, they can save a huge amount of money which would have rather been spent as interest amount. Based on the lender chosen, prepayment penalty can also be charged.

What is a personal loan partial prepayment?

You can close your loan partially, which is referred to as a partial payment. In this case, you pay the principal amount partly, when the principal amount reduces, automatically the rate of interest also reduces. Hence, it provides an opportunity for you to save your money.

By paying a small amount, you can save a little amount of money as it helps reduce both your EMI as well as the interest rate. This is the main benefit for opting a personal loan with partial prepayment.

Why FlexSalary?

NBFC (non-banking finance company) provides personal loans instantly, as they quickly approve and disburses funds in an instant. There is one NBFC called Vivifi India Finance Private Limited with its loan offering product called FlexSalary. FlexSalary provides flexibility to the salaried professionals, so they can repay the loan amount either partially or completely.

With FlexSalary, it is very easy to apply for an online personal loan anywhere from a minimum amount of INR 4,000 to a maximum amount of INR 2,00,000. Irrespective of the location, you will be approved instantly on the same day you have applied.

Finally, with a good credit history and surplus repaying of your loan can also build a good credit score.

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