-What are InvesTools?
You earn money, spend and save for future. Naturally you wish your savings were invested systematically. It means taking three three key decisions:
- What to invest in?
- How much to invest in?
- When to invest?
Along the way, you will get answers to a few basic questions, that we all have at the back of our mind but don't know whom to ask. These could be
- Am I saving enough of my income?
- Am invested in the right financial products?
- Have I saved up enough of money so far in the right way?
InvesTools is backed by a deep research on financial products for which Moneylife has acquired a huge reputation. Since we do not sell any product, our conclusions are unbiased.
+What are the core benefits and features of InvesTools?
- InvesTools are based on the principle of "Less is More". That is, you don't need too many choices to create long-term wealth and protect your capital, only right ones. These products are selected and featured in InvesTool.
- InvesTools divide your monthly savings methodically across different products.
- They suggest you buy more as the market falls and buy less as the market rise. This enhances your return.
+What financial objectives are met by using the InvesTools?
InvesTools guide you to all your goals:
- Wealth-building for the long term
- Restructuring your investments
- Investing lumpsum
- Meeting specific financial goals such as
- Down payment for a house
- Marriage expenses
- Children's education
- Planning for the rising cost of healthcare
+How are the tools unique?
- InvesTools combine market-timing and asset allocation. We know of no other tools which do this. This means they allows you to invest more in the right funds as the market declines and buy less as the market rallies. This makes them better than Systematic Investment Plans.
- InvesTools do not apply a theoretical formula of risk, return and asset allocation. Its research is based on what has actually worked in India.
- They are adaptive and customised for you. They generate a roadmap today but this roadmap is dynamic - it changes as your earnings, savings, age and other details change.
+Is there a time horizon for the investments suggested?
All our four long-term tools are for investment horizon of 5 years or more. The short-term tool is for 0-5 years.
+What are the products do the tools recommend?
To grow money safely and smartly, you don't need to juggle with dozens of financial products. You need just about 2-3. This is where InvesTools are different. We offer you just a few product information, based on what actually works, eliminating dozens of harmful or irrelevant choices. This is because unlike others we have no interest in selling you any financial product and therefore can actually implement the philosophy of "Less is More".
+Is it tedious to work with InvesTools?
The tools are simple. You need to input some basic information such as you age, income and expenditure, existing savings etc. Based on these few data fields, the tool will suggest different options. Each option has just 2-3 screens. It does not take more than a few minutes to use the tool, if you have all the data.
+Will the InvesTools be useful for both husband and wife both?
The combined financial details of a couple can be added and entered as a household income, household expenses and household savings to get a single roadmap. The insurance needs are assessed separately and are outside the InvesTool.
+How are the InvesTools different from tools of other companies?
InvesTools are a product of more than three years of extensive research and benchmarking. We have looked all important online planning tools and found that most other tools suffer from some basic flaws. They want you to assume a few things before it can offer solutions:
- Assume Inflation
- Assume investment returns
- Your Risk profile
- Lifestyle you want
Interest rates and inflation are two of the most difficult things to guage. Most economists fail to predict them. Our tool does not want you to be an expert in anything. In fact, if you know a lot about various financial products, congratulations. You are an exception. If you don't, that is perfectly normal. You may be a doctor, an engineer, in public service or a teacher. You are good in what you do. There is no need to for you to double up as a financial expert; InvesTools are there for that. We have done that hard work for you.
+Can we buy and sell from the InvesTool?
You need a broker or an agent for actual buying and selling of our recommended products or you should invest online, using the companies' own websites.
+Can I add additional information to the InvesTool?
There is no provision to add data other than the fields we have specified.
+How do I access the tool?
You need to be a member of Moneylife Advisory Servives, which meets most of your personal finance needs.
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