Author: Akudo Blessing

Akudo blessing is a writer and he aims to reach his goals one step at a time. He believes in doing everything with a smile.

Jan212021 by Akudo BlessingNo Comments

Confusing Terminology in Home Insurance Policy? Here’s a Quick Guide

Finance

Buying a home is the single largest investment for most people. As you tend to care for all your precious valuables, so why not create a backup plan for your house?A home insurance cover is a perfect way to ensure its safety in case of an unfortunate event like a natural disaster or even man-made peril. Further, the financial loss can be so high that it can wipe off your entire life’s savings.Insurance can at times confuse a layman and that makes it necessary to understand them before starting to shortlist suitable insurance covers. This article helps you demystify these complex home insurance terms to make a hassle-free purchase decision. Read further to know more -Sum insured: It is the maximum amount of liability which the insurance company assumes for your house. In no case...

Jan212021 by Akudo BlessingNo Comments

ADCB Transforms the Home Buying Experience with “Dream Home” Digital Platform

Business

In a world where nearly everything has been digitized for the comfort of the individual and the safety of our communities by raising the awareness of social distancing, you will notice that all kinds of businesses have taken a turn to digitize their businesses by using social media platforms and websites, including banks that took the initiative to develop digitally to fit the statusquo. In a quest to make the process of owning a home rapid and easy, ADCB has partnered with Bayut to provide the customer with an online platform that digitized the formalities of owning a home to integrate it with everything high-tech and instantaneous in our time. The ADCB-Bayut Dream Home Platform is the first digital home ecosystem platform of its kind in the UAE, tailored mainly to facilitate the home o...

Jan192021 by Akudo BlessingNo Comments

What Are Trending Stocks? Tips For Finding Trending Stocks

Business

Trending stocks are those types of stocks that have high trade volume. They tend to fluctuate constantly and brimming with opportunity. There are many things to know about trending stocks. So, if you are an investor and aim at choosing trending stocks in Canada, this is the right article for you. Let's get started:Reading Stock Trends When talking about reading stock trends, it's about moving averages. The reason these stocks are referred to as such is that they continuously change with time. In the market, there are three different types of stock trends: up, down, and sideways. Downtrends are the types of trends that are bearish, which means the stock price is heading down. Uptrends, on the other hand, are bullish types of stocks, which means these stocks are on the upswing. Last...

Jan152021 by Akudo BlessingNo Comments

The changing face of Wealth Management

Finance

It is a service which used to be exclusively accessible to clients in the top tax bracket. High net worth (HNW) individuals are often not finance experts. They seek investment and financial advice to maximize returns and reduce liabilities such as taxes. Professional firms offer wealth management services to a select group of affluent clients. Conventionally these have been specialized departments of big banks. Traditionally wealth management has been an involved, interactive, and ongoing process for both clients and service providers. This has now changed. Australia's wealth management industry Australia is home to vast numbers of migrant workers. They send international money transfers worth millions of dollars as remittances to their home countries every year. Migrant entrepreneurs an...

Dec292020 by Akudo BlessingNo Comments

Online Vs. Offline Term Plans – A Quick Comparison

Business

Having a life insurance cover is important to ensure your family's financial stability in your untimely absence. Traditionally, life policies like endowment, money-back, and unit-linked insurance plans (ULIPs) are available. However, the premium on these policies is higher, which is why not many people opt for life coverage. Insurers also offer a more affordable type of life insurance policy, known as term insurance.About term insurance You may ask what is a term plan. Well, it is a form of life insurance policy, which pays the benefits to your nominees in your absence during the policy tenure. Most term plans offer no survival or maturity benefits, which makes it a reasonable way to procure higher coverage. Due to their lower premium, term plans have become popular. Insur...

Dec262020 by Akudo BlessingNo Comments

Liquid Funds vs Savings Account: Where to Park Your Surplus Funds

Finance

Consider these two types of people in the world – Rahul & Sameer. Rahul likes to spend surplus funds on shopping spree, a turn of the spa, movie tickets, sports event or music concerts, buy a gaming console, go for an extravagant dinner experience…the options are endless, whereas Sameer parks it safely in the bank with savings bank accounts. Though savings accounts are safe, they don’t generate significant returns which beats the purpose of saving the surplus funds. However, there are third type of people like – Rakesh who saves the surplus funds in the liquid mutual fund. It is an alternative option to a savings account. This works like a savings account but generates higher returns and is comparatively more tax-efficient in the long run.What are Liquid Funds? Liquid fund is a d...

Dec262020 by Akudo BlessingNo Comments

Invest Your Pocket Money To Become A Crorepati With SIP

Finance

Are you studying in high school or college? Odds are you get at least a few thousand rupees as pocket money each month. Did you know that even if you invest a trifling part of this trivial pocket money, you can easily become a crorepati? Sounds exciting, no? Let us understand how you can become wealthy through your pocket money. To become super-rich or crorepati, you just need to have two things - namely time and money.Time Even though your pocket money might not be sufficient, you have time on your side. Hence, the magic of compounding is guaranteed to work in your favor. As a young person who can easily afford to stay invested in mutual funds for a prolonged duration, you can easily accumulate massive wealth over the years.Money To become a crorepati, you do not require chunks...

Dec122020 by Akudo BlessingNo Comments

What Is The Application Of AI In Financial Institutions?

Finance

AI in finance is certainly making things a lot more safe and convenient for banks and other financial institutions as well as their customers. Artificial intelligence is already helping the financial industry to optimise their processes and streamline services. In short, AI is transforming the way in which we interact with money.Artificial intelligence can help with a range of processes from financial risk management, to credit decisions and chatbot assistants. In this article we will take a look at some of main applications of AI in financial institutions and in predicting stock fluctuations. Customer Service Chatbots and Virtual Assistants Banks and other financial institutions have found that the use of chatbots for enhancing the customer service experience proved to be highly suc...

Nov252020 by Akudo BlessingNo Comments

NPS vs Mutual Funds

Finance

Retirement planning is a vital aspect for any investor. When it comes to retirement, investors are often confused between the two popular investment options – NPS and mutual funds. This article will serve as an investment guide in helping you choose the right security for your investment portfolio.What is NPS? National Pension Scheme or NPS is backed by the government of India. This pension scheme is open to all employees in public, private, and even unorganised sectors, except for the individuals in the armed forces. It allows subscribers to invest and claim tax deductions under Section 80CCD(1). NPS encourages individuals to invest in a pension account at regular intervals during their employment period.What is a mutual fund? It is an investment vehicle wherein an AMC pools the...

Nov52020 by Akudo BlessingNo Comments

Top 5 Tips to Manage Your Money Wisely

Finance

Some people associate their financial challenges with them not having enough money. For many others, their challenge comes from them not spending money wisely or from spending more money than they have, which means they constantly live in debt.Being more aware of your financial situation can pay off. It can help you manage your expenses better such that you will pay your bills and have money left over to save.It might seem like a hard task but that’s probably because you haven’t taken the time to get more involved with how you use your money. Below is a list of 5 money management tips that can help you get your financial standing in order. 1. Use the MyCare Plan A good idea that will help you plan for the future better is to take up the MyCare Plan from Financial Education Servic...