Algo Trading


Stock Market Blogs

Personal financial planning for beginners March 20 2023Indira Securities

Visit Count: 286

Personal financial planning is essential for everyone, regardless of their income level or age. Here are some steps beginners can follow to start their financial planning:

Determine your financial goals: Think about what you want to achieve financially in the short and long term. This could include paying off debt, saving for retirement, buying a home, or starting a business.

Create a budget: A budget is a plan for your income and expenses. It will help you understand where your money is going and where you can make changes. List all your income sources and expenses, and make sure your expenses do not exceed your income.

Build an emergency fund: Set aside money for unexpected expenses, such as car repairs, medical bills, or job loss. The general rule of thumb is to save 3-6 months' worth of expenses.

Pay off debt: High-interest debt such as credit card debt can be a significant drain on your finances. Make a plan to pay off your debt as soon as possible.

Save for retirement: Start saving for retirement as soon as possible. Consider investing in a retirement account such as an IRA or 401(k).

Review your insurance coverage: Make sure you have adequate insurance coverage for your health, life, and property.

Invest wisely: Consider investing your money to grow your wealth over time. Make sure to do your research and understand the risks and potential returns.

Monitor your progress: Regularly review your financial plan and make adjustments as needed. Keep track of your progress towards your financial goals.

Remember, personal financial planning is a journey, not a destination. Keep learning and making adjustments as you go along.

Blog Enquiry

Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Dear Investor if you wish to revoke your un-executed eDis mandate, please mail us with ISIN and quantity on by today EOD."

INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015, CIN : U67120MH1996PTC160201




Indrendu Joshi. Email: Call : 0731-4797275

Investor grievance complaint :