Grab your working opportunity by fulfilling the personal license course

There is an ever-increasing demand for scourging an opportunity to work in workplace which have a sound return of the investment & doesn’t have to deal with frequent police intervention. One of such business that involves extreme risk factors is the supply or sell of alcoholic beverages, which have the maximum chances to break brawls, often by the drunken customers, & border dealers who are involved into black market dealing. And with the enforcement of strict regulations, it has resulted in the establishment of certain ground rules in which anyone who wishes to undertake any business for the supply & sell of alcohols should procure a personal license. This personal license is a valid card issued by governmental bodies that would facilitate someone to work in any premise selling alcoholic beverages which also, should have premise license as well.

The procedure for obtaining the personal license application is relatively simple, as the process is more or less facsimiled to obtain working license once the person reaches the adulthood, according to the constitutional act. The applicant, in order to obtain the papers for the applying the personal license should need to produce a certain fees & photograph to validate their identity. They should also have a clean criminal record including no forfeited trading license in the previous 5yrs, which should be verified by the probation officer. Also, the person should be 18yrs old to fulfill the criteria of legal adult age, and should be in possession of relevant documentations that verifies otherwise. Also, if they’ve been charged with any sort of minimal foreign offence, the local police would be in charge to monitor that applicant for 14 day period & if nothing police makes no objection regarding the matter, then the license would be granted to process.

Certain accredited working committees provide personal license courses, which facilitates easy application for the personal license. Information for such accredited courses is an integral part before applying of the license. Any applicant who is interested in for such courses should check for the syllabus structure & complete it before initiating the process. Such courses targets in expanding the awareness & consciousness about the marketing strategies & wide social responsibility related to the marketing of alcohol, especially in the open market areas. Such licenses are not a necessity if the applicant is working in a pub since the business competencies standards aren’t enforced on a vigorous extent.

Once the license has been granted, it would last for 10yrs before it terminates. To extend the time period, it can relapsed for another 10yrs, with the payment of same fees of 37GBP and fulfilling the same legal documents once again. While renewing the license, foreign officers can perform any possible record check on the license holder & if any conviction has been found against the holder, the person would be denied of renewing their license. Any criminal offence including the major crimes, sale of drugs, sexual violence within the working premise and other such atrocities would be considered inappropriate to grant the renewal plan.

Difference Between Mortgage Loan And Reverse Mortgage Loan

Mortgage means to place collateral. Therefore, mortgage loan in home loan industry is the loan taken against the property pledged as collateral. The mortgage loan is beneficial in comparison to other instant loans such as personal loan and business loan because of its rate of interest, processing fees, foreclosure charges & closure conditions, etc. Also referred to as Loan Against Property, a mortgage loan is taken to meet the personal fund requirements such as children education, child marriage, medical treatment, business expansion, etc. The mortgage loan by lender Bank/NBFC/HFC is provided only to those borrowers who has a regular flow of legal income and is within the maximum retirement age 60 years. As a result, the senior citizens were excluded from taking the mortgage loan. Hence with the view of extending the benefits of mortgage loan to the elderly the Union Government of India introduced the concept of Reverse Mortgage allowing them to borrow the funds through property mortgage, to meet their financials requirements of day-to-day expenses and increasing cost of medical treatments.

Difference between Mortgage Loan & Reverse Mortgage Loan

Sr. No.

Mortgage Loan

Reverse Mortgage Loan



A mortgage is a type of secured loan as it is secured against the collateral provided. The collateral means pledging of property to obtain the loan.

Loan for senior citizen above 60 years to avail regular/periodical payments from Banks/ NBFC against the mortgage of their house while still retaining the ownership of the house and occupying the same.


Who Can Apply

Salaried and self employed individuals.

Retired, senior citizens above 60 years.



Can be used for children education, child marriage, business expansion.

Can be used only meeting the livelihood expenses and medical expenses.

Can be used for purchasing another property.

Cannot be used for any investment or purchasing property.


Property Type

Ownership residential as well as commercial property can be mortgaged.

Only ownership residential property can be mortgaged.

No commercial property is allowed.


Property Ownership

Ownership transferred on ancestral property as well as property with gift deeds can be considered.

Ancestral property is not considered. Senior citizen must possess a self acquired and self owned or jointly owned property with the spouse.


Residential Life Of The Property

5 years – 50 years. Above 50 years structural audit report is mandatory.

Should not be less than 20 years.



All banks and NBFCs.

Only selective nationalized banks and few private banks.


Age Limit

Salaried – up-to 60 years

Self-employed – up-to 65 years

Senior citizen above age of 60 years.



Must have regular monthly income flow.

Does not require any Income.



CIBIL score of minimum 750 and above is required.

Does not require any credit score requirement.


Loan Tenure

Maximum 15 years.

Minimum 10 years till lifetime of the borrower’s age.


Loan Disbursement

Full Disbursement of loan amount. No partial Disbursement.

The loan can be provided through monthly, quarterly, half yearly or annual disbursements or as a lump-sum or as a committed line of credit or as a combination of the three.


Loan Limit

No capping on the loan amount.

Maximum loan limit has been capped to 50 Lakhs – 1 Crore.


Processing Fees

0.40% – 1.5% of the loan amount.

0.50% of the loan amount.



Interest is charged on the total principal and is paid up-front with the principal in equated monthly instalments.

Interest is charged only on the principal amount taken and the interest is rolled to the principal amount, which is payable on loan closure.


Rate On Interest

Base rate + 1% – 2%.

Base rate + 2.75 % – 3%



Consists of Principal + interest amount.

There are no such EMI.



Repayments are made via EMI throughout the loan tenor OR when borrower willingly pre-closes the loan.

Loan + interest become payable only when the borrower sells the house or moves away permanently or when the last surviving borrower dies OR when borrower willingly pre-closes the loan.


Foreclosure Charges

No pre & part payment charges on floating rate of interest.

Closure charges of 2% – 4% on the loan amount for fixed interest rates.

No pre-payment charges.


Tax Benefits

Tax exemptions is applicable only on interest paid:

a) End-use is for business purpose- interest can be claimed as business expenses under section 37 (1).
b) End-use for purchasing house or home renovation or repairs interest can be claimed under section 24(b).
c) End-use for personal reasons, education, marriage, etc – no interest exemption.

Note: Important documents must be maintained to authenticate and justify the end-use of the loan, in order to claim the income tax exemption on interest.

All payments under reverse mortgage is exempt from Income Tax, under section 10(43).

If the bank sells the property, borrower become liable to pay the income tax on the capital gain derived on selling the property.

Also, the annuity income in the hands of the borrower is taxable.

How to buy shares in groww app

You may have heard before that only 2% of Indians are there who are investing and trading lovers and actually invest in the stock market. But, this percentage seems to be boosting day by day as the whole system of trading is switching to the online platforms. The ease and solace of online trading has led a huge number of Indians to somewhere rely on their earnings from such investment activities.

One of the trading platforms of India which is swiftly increasing it’s customer base day by day is none other than growing apps. Have you heard of the grow app?

Well, Groww is an online investment platform based in India that mostly targets first-time investors and millennials. The headquarters of the groww app are in Bangalore, it enables investors to open an account electronically and transact in mutual funds and stocks online. As in June 2018, Groww had partnered itself with the 34 mutual fund houses and around 5000 mutual funds were accessible on the platform. As of Sep 2020, with 8 million users, the company had raised $59 million in venture capital.

But as mentioned, most of the users of the grow app are none other than the new learners, therefore they face a hell lot of difficulty in using the platform, though it is an easy one. They face this difficulty mostly because they don’t understand those typical technical terms. So, to obviate this dilemma , we came up with this article that covers the problems like how to buy shares in the grows app. So, lets begin!!

How can one open a demat account on the grow app?

Firstly, you are required to open a demat account with groww app, if you want to buy the shares from the platform. Follow the below mentioned steps for the same.

Step 1- Log in to the Groww app. Below the ‘Stocks’ tab, click on the ‘ complete setup’.

Step 2- Click on the ‘Open Stocks Account‘ to continue. The account opening charges on Groww are zero. Great right? Now, For other charges please click on the‘See all charges’. Once you go through all the charges and decide to pay the applicable charges, click on the ‘open Stocks Account’.

Step 3- now, Enter details about your occupation, income, mother’s as well as father’s name to complete the KYC process. Then, Verify the correctness of the details and click on the ‘Next’ to proceed.

Step4- Enter your trading experience from the drop-down list and then simply click on ‘Next’ once done. To proceed.

Step 5- the next is uploading your signature. Take a picture of your signature on a plane white sheet from the option in the app. If you are satisfied with the picture of you signature then click on ‘looks good’ and proceed. It is an important step.

Step 6- This step includes Aadhaar based e-sign. In this process, you have to submit your Aadhaar number to the e-sign service and will receive an OTP on the registered mobile number linked to your Aadhaar. To e-sign, click on ‘E-SIGN AOF’. (AOF) will be sent to the registered email ID. Print the form, read the details carefully, sign at the mandatory places and courier the form to the address mentioned on the screen. Upon verification of the form, you will be informed and your account will be activated then.

Step 7- If your given mobile number is linked to Aadhaar, then enter the OTP/security code sent to your given mobile no. and click on ‘Submit’.

Step 8- Now you just have to Read the Demat account opening form carefully and click on ‘Sign Now’ to proceed further.

Step 9- You will be supervised to NSDL electronic signature service. Just enter your Aadhaar number or Aadhaar virtual ID in the space provided, and therefore click on the ‘Send OTP’ button. Enter the OTP to finalize the e-sign process.

Now you have signed in successfully and now you can start investing.

How to buy shares on groww app?

For buying a share, on the home screen ( under the stocks tab), all the necessary information such as Nifty and Sensex live updates, filters like top gainers and top losers of the day will be available. . Companies are also categorized according to the market cap and sectors on the landing page clearly. There you will get a search or navigation bar where you could simply enter the name of the stock you are hoping to invest in.

Once you click on the stock of your choice, you will be supervised to it’s product page. On Groww platform, investors can view all information and Data of a stock and the business on a single screen. This encompasses historic achievement of a stock, opening and closing price for a day , the amount of buy/sell orders, company statistics and financial ratios, company information, financial statements, shareholding pattern, and peer comparison. The app also enables investors to place a market or limit order as well as assess the bid/offer spread of the stock. All the vitals of a company are illustrated in a tabular or graphical setup for your clarity.

You can check how the stock has performed over a period of time to assess it’s growth pattern. You can also toggle to candlestick charts if you are an intraday trader.

Once you check all the fundamentals and company details, you can simply place your market or limit order for delivery or intraday in the order card that is shown on the right hand side. You could also place a stop loss order for some of your trades by going to ‘ Advanced Options’.

Now, You will be able to see your order summary and order status. Once the shares are credited to your Demat account, you would then be able to trace their performance on the dashboard. You would get a clear view of your investments.

Note: You can read more about Groww Review which is based on Honest Opinion.


As mentioned above, India is swiftly moving in the direction of becoming a great financially literate country. This has been possible due to the introduction of such online trading platforms only. There are many trading platforms in India, and groww app Is just one among them.

Groww app mainly focuses on those individuals who are new into the market and want to learn a lot about the working mechanism of the stock market.

Surely, groww app is the platform of the future. It shows us how stock trading would work in the future.

If you are also an enthusiastic beginner in the investment world, then this is the time to make your demat account and start trading by today itself.

Upstox Account Opening Process

Upstox is a trading platform that offers discount broker facilities. It provides trading services in Currency derivatives, Equity, Commodity, etc. Moreover, trading services are available at MCX, NSE, and BSE. Upstox has two types of trading platforms: one desktop-based and one web-based. Upstox app is free of cost and the broker is safe. In addition to that, it is a registered member of BSE, NSE, MCX, CDSL, and SEBI. As the exchanges audit Upstox regularly it is a safe and secure platform to trade from.

Upstox is one of the top discount brokers in India with high-graded technology at a very low cost. Moreover, some investors that have backed Upstox are GVK Davix, Ratan Tata, and Kalaari Capital. Upstox platform provides facilities for analysis, charting, trading with ample features. You can also trade in Equity Intra-day, F&O, and much more. There are two types of trading accounts under Upstox: Upstox Basic Plan and Upstox Priority Pack.

Upstox Basic Plan: Free equity delivery, Trade for cost as low as Rs.20 for Equity F&O, Commodity, and Currency. All the basic trading features are present in the mobile app and website platform. There is 20 times leverage offered by Upstox basic plan on the Cash segment.
Upstox Priority Pack: Upstox Priority plan provides free delivery brokerage and Rs.30 for Equity F&O, Currency, and commodity per trade. There is up to 25 times leverage offered on the Cash segment by the Upstox Priority plan.
Upstox Account Opening Process
Trading Account helps for easy trading and execution of a trade by the traders in order to participate in the stock market. The trading account can be opened with the Upstox and you can do that online while sitting at your home.
Read More about Upstox account opening Process

Trading Account Opening process
First, you need to know if you have excess cash that you can use for investing rather than taking money on a loan. Moreover, you should not invest all of it no matter how tempting it will be, save for your needs and expenses. You should decide what is type of investment you will be going for like intra-day or long-term investment. Additionally, there is zero brokerage charged on delivery trades and Rs.20 on intraday.

Here are the tips that you need to follow for opening a trading account with Upstox in two different methods:

Aadhar-based e-KYC method

The new and high-tech Aadhar based registration requires no paperwork and is easy. In this method, you will provide your Aadhar card details for completion of the entire process of registration online. Additionally, you need to have an authentic/valid number that is linked to your Aadhar card. You will also require scanned copies of documents like Aadhar Card, PAN card, and a cancelled cheque on the device. As you will require to upload all these mentioned personal documents while the registration process will be going on after the Aadhar card is linked.

Traditional paper Registration

Here’s what you’ve got to do for Traditional paper registration of Trading Account:

Decide which account you want to open (F&O, Currency, Equity, or all). The required documents include both types of forms that are KYC forms and Account opening Forms.
Print the forms and fill them according to the requirements.
You will need 2 passport size self-attested photos to paste on the form.
Your signature will be required on the few places on the form
You need to attach self-attested personal documents like PAN Card, Address proof, and ID proof.
You also need to attach a cancelled cheque in order to link your bank account with this account.
Now after you complete these steps you need to send the form to the address mentioned below:

Upstox/RKSV Securities India Private Limited,
Salasar Business Park, Off 150 Feet Flyover Road,
Bhayandar West, Thane -401101, Maharashtra

Demat Account Opening Method
Online Account Opening Method

Here are the steps to open a Demat Account with Upstox in the Online method:

You need to first visit the online Demat account opening page
Enter the details and sign up
Scanned copies of Aadhar, Cancelled cheque, latest bank statement, and PAN will be required in the process so you need to keep that with you.
Enter Aadhar details and you will receive an OTP to link your mobile number and verify your identity.

Trading Account Charges
There are three main charges that brokers levy on trading accounts. Those are:

Trading Account Opening Fees: This is the amount of fees that you will be charged once you open your account with the brokerage firm. It is a mandatory fee and you need to pay it in order to confirm your account opening.
Annual Maintenance Fees: It is a type of fee that is charged and needs to be paid in advance. Annual Maintenance Fees are taken by the brokerage firm in order to keep your account working and it also ensures proper service delivery. Many firms also try to merge this fee to Demat account fees to simplify the process.
Transaction Fees: Transaction fees are charged by brokerage fees based on the number of transactions conducted. It will be based on the number of stocks or the value of the stock. The number of stock and transaction fees are directly related. As the number of stocks increases the transaction fees increase. The transaction fee of Upstox is as low as 0.00325% which can help you increase your gains as the more you save the more you gain.

Wrapping Up
You can even go for a demat account and trading account both at once. Moreover, you should explore what are the services provided by the broker and find the one that suits you the most. If you go for an online method for both trading and Demat accounts then you can do the whole procedure sitting at home. But if you are not so well versed with the technology and would rather prefer the traditional method you can do that too by the steps given above. Additionally, know the choices and chose right for your needs.

SGX Nifty Indicates Flat Opening;Reliance Industries,Yes Bank,&HDFC Life Insurance to Report Earning

Market status: Confirmed Uptrend

Distribution days: Four

Global stock markets: Dow 30, -0.04%; S&P 500, +0.03%; Nasdaq, +0.6%; Nikkei, -0.4%; Hang Seng, -0.8%; Kospi, +0.5%

Yesterday, markets made a new high in the morning, with Sensex moving above 50,000. However, it staged a downside reversal in the second half and closed in the red. As a volume in Nifty was higher compared with Wednesday’s session, we marked yesterday’s session as a distribution day. The count is now elevated to four, with one set to expire next week. On the sectoral front, Nifty Auto closed flat, while the other indices closed with a cut. Nifty PSU Bank was down 3.3%. Nifty Metal, Realty, and Pharma closed at 1.5–2.5% lower.

With leadership broadening and indices above relevant intermediate-term moving averages, we will continue to look for leadership-quality growth names to form entry points. If a pullback/consolidation happens, it will be crucial for Nifty to hold its 21-DMA. It is advised to closely review the existing positions and book profits in stocks that are extended from their moving averages and showing technical weakness. Also, tracking distribution days is crucial as rising in distribution days can halt the uptrend.

Key News

Reliance Industries, Hdfc Life Insurance Co, and Yes Bank will report their Q3 earnings today.

Mphasis (Nse) posted Q3 FY21 earnings. PAT was up 8.8% q/q to Rs 325.5 crore, while revenue rose 1.6% q/q to Rs 2,474.3 crore. The margin was up 30bps q/q to 16.4%.

J K Tyre & Inds. posted Q3 FY21 earnings. Revenue was up 26% y/y to Rs 2,769.3 crore, while PAT stood at Rs 230.7 crore as against Rs 108.9 crore for the same quarter last year.

O’Neil Market Condition Report

For the 24 emerging markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 84%; Rally Attempt, 4%; Uptrend Under Pressure, 12%; Downtrend, 0%.

For the 24 developed markets tracked by our institutional research team, the market status breakdown is as follows: Confirmed Uptrend, 66%; Rally Attempt, 0%; Uptrend Under Pressure, 34%; Downtrend, 0%.

Visit Marketsmith India to Read More About Indian Share Market News, Daily Market Tips, Model Portfolio etc.

Savings vs Investments – Which One Is A Better Option.

Whether you’ve been working on your finances for years or you’ve just started, it can be hard to know when you should be saving and when you should be investing.

Savings is comparatively a safer route, because the rupees amount on your bank account won’t normally reduce unless you withdraw funds, but interest rates on savings accounts don’t allow your money to grow very quickly. Unfortunately, interest rates are often lower than inflation. This means that your savings may lose purchasing power over time.

It’s always tempting for all of us to want to invest in order to get higher returns and to beat inflation. Unfortunately, the value of your investment is not always going to rise. In some cases, investment can become completely worthless.

So, how do you know when you’re supposed to stick to a safer route and save or risk more to earn higher returns and invest?

Pros & Cons of Savings:


Savings usually remain unaffected by any economic event. Since they do not fluctuate in value, we can achieve our goals by a set timeline and a fixed amount.
Savings are the key primary step of investment. If you don’t save, you’re not going to have anything to invest in.
Savings can help us to set goals in the most disciplined way possible.

Most savings plans do offer interest rates, but they are not high enough to beat the inflation rate.
The purchasing power of our money can fall over time due to inflation. Therefore, saving is best suited to short-term objectives only.
You’ve got to save a big corpus of money to achieve big goals, because your money isn’t going to grow over time.
When You Should Save?

Saving rather than investing also allows you to achieve your goal on time as long as you save the right amount each month. Take the total amount you need to save and divide it by the number of months until you have reached your goal to find the amount you need to save each month.

Pros & Cons of Invsting:


Investing will help you beat the inflation with a unique feature known as wealth compounding. Simply put, the earlier we invest, the more our profits will multiply with the passage of time.
Because of faster growth rate, we’re not going to have to set aside as much money for a goal at the moment, compared to simply saving money.
Investment helps us overcome inflationary pressures. Indeed, investing in the equity segment can often make money grow at such a high rate that it beats inflation in the future.

Investments are affected by a wide range of factors, such as economic events, company outcomes, etc. In order to be successful, one must study all the relevant factors.
Investing returns come at the expense of proportionate risks. Any form of investment does not guarantee returns.
Investing requires very good knowledge, some basic analytical skills and patience. It takes intensive practice to become a skilful investor.
When You Should Invest?

Investment gives your money the potential to grow faster than you could in a savings account. If you have a long time to meet your goal, your returns will increase. Basically, this means that, in addition to a higher rate of return on investment, your investment earnings will also make money over time. Investing wisely into the share market can get maximum returns on your investment. If you are just starting out you can also join online share market classes to learn about stock market and achieve your goals faster.

Trading Bitcoin Vs. BTC Futures – Which One Is Best for You

Expert traders have been using BTC futures for years, but small investors or retailers are yet missing out on the opportunities due to incomplete or incorrect understanding of the instrument.

With the rise in the number of crypto trading exchanges like PCEX Member, Binance, FTX, Bitfinex, Bybit, and Kraken offering BTC futures trading, the comparison Trading Bitcoin Vs. BTC Futures is most likely to surface in the mind of investors like you.

PCEX Member a cryptocurrency exchange in India explains both spot and futures instruments, and their pros and cons along with tips to maximize the ROI with either of the options. Our objective is to help you find the answer – which one is the best investment option – yourself.

Understanding the Difference: Spot Vs Futures Trading

In spot trading, there is a real-time settlement between the buyer and seller of the BTC asset. The requirements of buyer and seller go into the Order Book as Bid Price and Ask Price respectively and matchmaking or orders take place. Once the trading is over, the buyer gets the cryptocurrency in the definite lot size, while the seller receives fiat or stable coin (or other assets, sometimes NFTs).

In the BTC futures, the trade is based on opposite speculations made by the buyer and seller on the BTC futures price at a pre-defined point of time in the future. They deposit the margin amount with the exchange. The price of futures tracks the price of an underlying asset. No one initially gains or losses anything from it at the time of the contract. They wait for the contract to expire or go for a settlement by terminating in advance. Their profit or loss is estimated on the spot price on the crypto asset on that particular expiration or termination date. The differential of the price is credited to the account of the buyer or seller.

To make speculations in the right direction, you must have a sound understanding of the complex factors like expiration, liquidity, volatility, and any relevant news.

Here are highlights of the pros and cons of Bitcoin Spot and Bitcoin Futures.

Pros of investing with BTC spot

Low risk
Immediate monetization
Gain ownership
No complexity as you know the current value
Cons of investing with BTC spot

Low return
Pros of investing with BTC Future

High return
Cash settled (no wallet required)
Low trading fee
Cons of investing with BTC Future

Price Limits cut into trading profits
High risk
Not an ideal instrument for short-term investors
What instrument type is right for you?

Beginner or experienced – no matter what type of investor you are, if you want to go for a long-term investment, BTC futures is the best bet. Going with BTC futures for a short-term could be a bit risky if you are not fully aware of the market dynamics.

The liquidity score (0 – 1,000) of a market pair is a decisive factor. The mark 1,000 reflects the most liquid of markets and 0 as the most illiquid one. The higher the score, the more liquid a market is. The lower the score, the less liquid the market is. Wondering what is liquidity? It’s a measure of the ease of buying or selling an asset in the market. Owning an asset with high liquidity has its advantage. You can sell it anytime in the market to make a profit. There is little fluctuation in its price.

Trading Bitcoin or BTC futures – once you choose your investment portfolio, the next step is to find the right trading exchange. Key determinants of a healthy exchange are as follows:

BTC Dominance

Know how well your BTC asset is performing at the target exchange. BTC dominance is the share of BTC out of the total trade volume including that of altcoins (all other coins besides BTC). Compare the BTC dominance percentage across multiple top exchanges including PCEX Member, Binance, Bybit, and Kraken. Going with an exchange with a high BTC dominance value is a safe decision.

Market Capitalization

The market capitalization of the exchange is the overall trading volume across all crypto assets including Bitcoin and altcoins. It reveals the financial strength of the exchange. Investing in an exchange with high market capitalization is undeniably the better choice.


The term “markets” stands for “highly liquid cryptocurrencies” pairs that are being traded on an exchange. Here is a list of the top 10 markets by the time of writing this post (January 14, 2021).

The pair BTC/USDT is certainly the most promising one. It’s dominant positing signifies that more buyers and sellers are trading in this pair followed by BTC/USD. The availability of more investors is a positive aspect. You can immediately find the best buyer or seller to maximize your profit from the trade. For Indian investors, whether investing in Bitcoin spot or BTC future, the pairing of crypto like btc to INR is highly recommended. PCEX Member supports both INR and USD as a fiat currency.

Hope, you have earned the understanding to make the right choice – Bitcoin Vs BTC futures. PCEX Member equips you with the knowledge and tools you need to make a high profit in a marketplace as volatile as crypto trading.

Why Large Family Floater Health Plans are always Better than Individual Top-Up Plans

Some buyers prefer to go with an individual top-up plan, whereas others stick with a family-floater health plan. However, the latter has an edge over the former in many ways.

Want to know how? Read on to learn more about it in detail.

Why does investing in a family floater health plan constitute a better investment option than an individual top-up plan?

An individual top-up plan only covers the health and hospitalization needs of a specific individual. On the other hand, a large family floater health plan meets the requirements of an entire family.

No doubt, an individual top-up plan seems good on paper as it is less expensive. However, it may not be a feasible option if you have a large family. In such a case, you would need to invest in a separate plan for each member, which may put your finances under strain.

You would be better off investing in a single plan that covers the needs of all the members of your family. A family floater health plan packs this benefit in a single package.

A single individual may not use up the entire sum insured. However, this situation may not arise if it is shared among the members of a large family. This will become clear if you consider the example below.

If you buy an individual top-up plan worth 10 Lakhs, then you will need to use up the whole benefit on your own. If the sum insured is for four members of a family, then there can be two possibilities. Either one of the family members can use the whole sum insured or share it among the family members.

But that’s not all; it also benefits you in several other ways compared to an individual health top-up plan.

A family floater health plan comes with a higher sum insured in comparison to an individual health plan. This is because the former is meant for more beneficiaries than the latter.

A health insurance plan revolves around the needs of many members of a family. As such, it comes at a lower premium than the sum total of several individual top-up plans.

Final thoughts

Both individual top-up health insurance and family floater health insurance plans are beneficial in different ways. The latter turns out to be more favorable if you have a large family with several members. Any member of a family can either use the entire sum insured or share it with other beneficiaries. As such, it serves the needs of everyone in a family without making it necessary to subscribe to individual plans for all members.

How To Recover From Stock Trading Losses

The financial losses make a person feel very helpless. According to 2019 report of WHO on suicide, nearly 79% of people globally commit suicide due to financial problems.

This reason makes it essential to address this issue. In this post, we will inform you about the ways to recover from losses in stock trading.

What Stock Trading Losses Can One Come Across? Paper Loss
One can define It as a loss on an investment that is not realised yet. It occurs when the current price of the stock is lower or decreases than the price paid for it. For example, an investor bought Microsoft share for 500 and the next day it decreased to 450. Although the loss did not occur, an investor came under stress. The loss would have happened if the investor sold it for less than what he had paid.

Loss of Opportunities
This loss occurs when an investor damages a chance to allocate money in a financial investment with high returns. For example, suppose an investor invested Usd 500 in a stock that every trader perceived to give good returns. After the trader invested in stock, its value did not increase for a while.No dividend was paid on the stock. There were no losses on the stock; the investor held it for some time and did not diversify their portfolio. It is lost opportunities.

Capital Loss
Capital losses are those losses where the stock price decrease in comparison to the initial buying price of the stock. This loss is not realised until the investor sells the stock. When the trader sells the stock and loss occurs, it is realised capital loss.

Profit Loss
The situation of profit loss occurs when an investor loses a significant stock run-up after they have sold the stock.

How To Recover From Stock Trading Losses Accept responsibility for the loss.
In the stock market, one should invest the money; they can afford to lose. This statement is very true in regards to stock trading. If you have made investments above your capacity or made a wrong decision, then you must take responsibility for it. It would help if you understood why this loss occurred and adjust your trading style accordingly.

Make A Plan for Stock Trading
If the loss occurred because you did not have a trading plan or system. Then now you must get informed about how to craft a trading plan. The trading plans are essential when you are trading in stock markets. Every trader has their well-crafted trading plan. Having a trading plan will surely help you in getting more money, instead of losing.

Diversify Your Portfolio
In the stock market diversification of investments is a good idea. You will surely bear a lot of loss if you invest your money in one instrument. If you diversify your stock portfolio, if stock of one price falls, your portfolio will not be adversely affected. It is because price fluctuations are not the same for all the stock. The price fluctuation has different effects on different stocks.

The market forces, like demand and supply, also affect the prices of stocks. If more people want to buy a stock than sell it, then the price moves up and vice versa. You should not only diversify your portfolio with stocks but invest in other financial instruments as well. You can invest in foreign currencies, derivatives, cryptocurrencies, commodities and indices.

Learn how to use stop-loss order and leverage smartly.
Stop-loss order is an order that investors place with the broker to buy and sell stocks at a specific price. The stop-loss order is a mechanism that limits investors stock loss.this can help significantly to minimise losses.

Leverage is a mechanism that allows investors to increase their market exposure. It allows investors to pay less than the full amount of the investment. Traders use credits given by the brokers to pay a percentage of the transaction.

Take Help of Financial Advisor
The financial advisors are trained and certified professionals who have specialised knowledge about financial trading. They will surely be able to help in making a perfect plan and portfolio for investment in stocks.

You can take services of a human financial advisor, and also seek Robo advisors for help. The Robo advisors are the software programs that use algorithms to provide financial advisory services. These advisors sometimes prove to be better than traditional advisors.

The traders that are beginning to trade spend more time on learning how to make a profit from stock trading. They do not devote more time in learning about risk management and loss recovery. If you look on the internet, there are more articles on how to make big money. But fewer articles on loss recovery. As a last piece of advice, we would like to say that one should learn about risk management also. The COVID-19 pandemic has also increased, its importance even further.

About Blueberry Markets
Blueberry Markets is managed and based in Australia without seaward workplaces. Probably the most well-known forex trading coaches have suggested this broker. Read Blueberry Markets review before investing with a broker here. It is additionally an indication of substantial examination and investment into finding a quality traders pool that will continue trading. It lines up with the organisation vision.

The Australian Dollar, Greenback, Japanese Yen, and Market

The United States President Donald Trump took steps to ban transactions with the Chinese owners of two popular mobile applications. Thus, on Friday, the United States dollar rebounded while other major currencies weakened.

On Thursday, the United States President Donald Trump issued an order to ban transactions with ByteDance. ByteDance is a Chinese company that owns the video-sharing app TikTok. Moreover, he banned transactions with Tencent Holdings Ltd. Tencent Holdings Ltd is a company that owns WeChat messaging applications.

Even though employment data in the United States was forecasted to come in weaker, the United States dollar strengthened. Nevertheless, any surprise to the upside would push the dollar higher, with expectations being so low. That is what analysts said.

Dollar and Others

Esther Maria Reichelt works at Commerzbank. She is a currency analyst there. So, Reichelt said that what matters now for currencies is still the economic outlook. Moreover, she added that the key is still which countries emerge after coronavirus as winners.

Reichelt said that it is easy for the United States dollar to find a reason to appreciate it again.

Due later Friday, non-farm payrolls are widely forecasted to show United States jobs creation slowed in July compare from the previous month. Thus, it will most probably indicate a resurgence in coronavirus infections is undermining the economic recovery there.

The euro last traded down 0.3% at $1.1845. Thus, it retreated from its highs. Meanwhile, the British sterling also decreased by 0.2% to $1.3115.

Furthermore, against the dollar, other major currencies weakened. Nevertheless, the Japanese yen was the only outlier, last trading flat at 105.58.

The Australian dollar fell. Concerns about worsening Chinese-United States relations hurt the Aussie. Also, the Reserve Bank of Australia made a downbeat assessment of the local economy.