Latest news with #Funds
Economic Times
3 days ago
- Business
- Economic Times
Freedom at 45! How 21-year-old Gen Z can retire early
Financial freedom by 45 is achievable for Gen Z through disciplined SIP investing, portfolio diversification, and regular reviews, even without becoming ultra-rich. Synopsis Gen Z can achieve financial freedom by 45 with wise investments. It's about choice, not extreme wealth. Start early with systematic investment plans. Diversify across large-cap, mid-cap, and gold. As retirement nears, shift to safer options like bonds. Regularly review and rebalance your portfolio. Discipline and consistency are key to success. Financial freedom is attainable with a clear plan. For Gen Z, financial freedom is not about being ultra-rich, but rather the power to choose how you live, work, and spend your time. Good news? You do not need to be a millionaire to retire early. If you are 21 today and start investing wisely, it is entirely possible to achieve financial freedom by the age of 45. ADVERTISEMENT Unlike traditional retirement, which often starts at 60, financial freedom at 45 means that you no longer have to work to earn money. You can continue working - but only if you want. The idea is to reach a point where money no longer controls your choice. Suppose you spend INR 50,000 per month today. With 6% average inflation, you will need approx INR 2.02 lakh/month at the age of 45 to maintain the same lifestyle - which is about INR 24.3 lakh/year. To maintain this income for next 35 years post-retirement (up to 80 years of age), you will need a retirement corpus of about INR 4.01 crore, assuming 5% post tax return on your accumulate INR 4.01 crore in the next 24 years, you will need to invest around INR 24,221 per month through SIP (Systematic Investment Plan). This may look like a large commitment, but if you start early and remain consistent, assuming 12% annualised returns through market-linked instruments, this goal is very much achievable. ADVERTISEMENT Here is how to make a strong investment portfolio which should be well diversified across: Large-Cap Mutual Fund: Offer Stability and consistent Returns Mid and Small-Cap Fund: Help increase your money rapidly in the long term Beta Fund: Capture extensive market movements with more flexibility ETF (Exchange-Traded Funds): Low cost, passive investment that tracks the indexes Gold ETF or Sovereign Gold Bond: Protect your wealth against inflation International Mutual Funds: Add global diversification (if aligned with your risk profile) As you are near retirement, your focus should move from growth to protection. Gradually transition towards debt instruments, high-duration funds, bonds, and income-generating options to reduce volatility and ensure stable income. Consider: Debt mutual funds or long-duration bonds Fixed-income products like FDs or government bonds Systematic Withdrawal Plans (SWPs): Get monthly income from your investments Annuities: Provide guaranteed income after retirement ADVERTISEMENT Your portfolio needs regular attention. It must be monitored regularly and rebalanced periodically to align with changing macroeconomic fundamentals such as inflation, interest rate cycle, global equity trends, and geopolitical risks. ADVERTISEMENT Markets are dynamic, and so are your financial needs; reviewing your portfolio helps you identify underperforming assets, adjust asset allocation, and capitalize on new opportunities, ensuring optimal risk-adjusted returns throughout your financial journey. Regular review will keep you on track toward long-term stability and wealth creation. Here's the formula in five simple steps: Start early — the sooner, the better Be consistent — invest every month, no matter what Diversify — spread your investments across different assets class Review regularly — adjust your plan as needed Stay invested long-term — let compounding work its magic ADVERTISEMENT You don't need to come from money or earn a huge salary to retire early. What you really need is a clear goal, a simple plan, and the discipline to follow Gen Z, time is the biggest asset. If you start at 21, invest smartly, and stay committed — retiring at 45 isn't a fantasy. It's a realistic is financial freedom at 45 possible? Absolutely. All it takes is clarity, consistency, and a little confidence in your future self. (The author is Group CEO & CIO – Wise Finserv Private Wealth) (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Yahoo
4 days ago
- Business
- Yahoo
Social Security implementing big change this fall. Here's how benefits will be affected
Some individuals who receive Social Security benefit payments may soon notice a change in how they receive their money. Starting Sept. 30, the Social Security Administration (SSA) will no longer issue paper checks for benefit payments in an effort to 'modernize payment systems and enhance service delivery,' the administration wrote in a statement. Specifically, the SSA believes this change will enhance: Speed and efficiency by using Electronic Funds Transfers (EFTs) which process more quickly than paper checks, helping beneficiaries receive their payments on time without delays Cost savings, as issuing paper check costs about 50 cents. whereas an EFT costs less than 15 cents. This shift could save the federal government millions of dollars annually, the SSA reports. Security, because paper checks are 16 times more likely to be lost or stolen compared to electronic payments, increasing the risk of fraud. The transition primarily affects a small group of beneficiaries who have not switched to electronic payment methods already, which is less than 1%, the administration wrote. Notices are being sent out to these individuals to explain the upcoming change and highlight the benefits of switching to electronic payments. Future benefit checks will also include an insert explaining the steps a beneficiary can take to transition to electronic payments. People who currently receive paper checks have two options in how their Social Security payments can be made electronically: Direct deposit, meaning that payments can be deposited directly into their checking or savings account Direct Express Card, for people without a bank account who wish to have a prepaid debit card designed specifically for federal benefit payments. 'In extremely rare circumstances,' the U.S. Department of the Treasury will grant exceptions to the electronic payment mandate. Those who wish to do so, can fill out this waiver which can be printed out and mailed to the Treasury, whose address is on the form. Further questions about this request can be made to the Treasury at 855-290-1545. Beneficiaries can update their payment information through their online Social Security account. More details about the shift and how to enroll in these digital payment options can be found here. People can also call Social Security at 1-800-772-1213. The latest from MassLive A writer's satirical take on his journey from Colombia to 'The Late Show' Teen caught with gun, man with drugs; Holyoke police arrest two Coldplay's Chris Martin calls out awkward moment at Gillette Stadium show Trump is checked for swelling in legs and was diagnosed with a common condition in older adults 5 remain hospitalized days after deadly fire at Fall River assisted living facility Read the original article on MassLive. Solve the daily Crossword
Cision Canada
4 days ago
- Business
- Cision Canada
TD Asset Management Inc. announces mergers and terminations to its investment fund line-up Français
TORONTO, July 18, 2025 /CNW/ - TD Asset Management Inc. ("TDAM"), the manager of TD Mutual Funds and TD Managed Assets Program ("TD MAP") Portfolios (collectively, the "Funds"), today announced fund mergers and terminations, as indicated below. Fund Mergers Effective on or about October 24, 2025 (the "Effective Date"), TDAM will merge each of the Discontinuing Funds (the "Discontinuing Funds") into each of the corresponding Continuing Funds (the "Continuing Funds") as indicated in the table below, on a tax-deferred basis (collectively, the "Mergers"). TD FundSmart Managed Portfolios Mergers The decision to merge the TD FundSmart Managed Portfolios will further optimize portfolio management efficiency within TDAM's managed portfolio programs. TDAM believes the Mergers are in the best interests of the Discontinuing Funds. The Independent Review Committee of each of the Discontinuing Funds considered the Mergers and after determining that they achieve a fair and reasonable result for the Discontinuing Funds provided a positive recommendation in respect of each of the Mergers. None of the Discontinuing Funds or Continuing Funds will bear any of the costs or expenses of the Mergers. Such costs will be borne by TDAM. Securityholders of each Discontinuing Fund will receive units of the equivalent series of the respective Continuing Fund, determined on a dollar-for-dollar basis. Each Discontinuing Fund will be wound up as soon as reasonably possible following its merger. Securityholders may redeem or switch their holdings of a Discontinuing Fund until market close on the Effective Date. Termination of certain TD Mutual Funds Effective on or about October 24, 2025, TDAM will terminate the following funds (the "Terminating Funds"): TD Global Conservative Opportunities Fund TD Global Balanced Opportunities Fund Effective today, the Terminating Funds will no longer accept additional purchases, including purchases made through Pre-Authorized Purchase Plans and Pre-Authorized Contribution Plans. Securityholders may redeem or switch their holdings of a Terminating Fund for settlement on, or prior to, market close on October 24, 2025. TDAM will not charge securityholders any short-term trading fees, sales charges or other fees related to transactions involving the Terminating Funds. On or about October 24, 2025, TDAM will liquidate the holdings of the Terminating Funds at fair market value, determine distributions and distribute the net assets to securityholders. If a Terminating Fund is held in a non-registered account, redemptions of securities from the termination will be treated as a taxable disposition and may result in capital gains or losses. There will be no immediate tax implication of the redemption of securities from the Terminating Fund if held within a registered plan. A notice will be sent to each securityholder of the Terminating Funds and Discontinuing Funds regarding the mergers and terminations at least 60 days prior to these changes taking effect. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts and prospectus, which contain detailed investment information, before investing. Mutual funds are not guaranteed or insured, their values change frequently and past performance may not be repeated. Mutual fund strategies and current holdings are subject to change. TD Mutual Funds and TD Managed Assets Program portfolios are managed by TD Asset Management Inc., a wholly-owned subsidiary of The Toronto-Dominion Bank. ® The TD logo and other TD trademarks are the property of The Toronto-Dominion Bank or its subsidiaries. About TD Asset Management Inc. TD Asset Management (TDAM), a member of TD Bank Group, is a North American investment management firm. TDAM offers investment solutions to corporations, pension funds, endowments, foundations and individual investors. Additionally, TDAM manages assets on behalf of almost 2 million retail investors and offers a broadly diversified suite of investment solutions including mutual funds, professionally managed portfolios and corporate class funds. Asset management businesses at TD manage $496 billion in assets. Aggregate statistics are as of March 31, 2025 for TDAM and Epoch Investment Partners, Inc. TDAM operates in Canada and Epoch Investment Partners, Inc. operates in the United States. Both entities are affiliates and are wholly-owned subsidiaries of The Toronto-Dominion Bank. SOURCE TD Asset Management Inc.
Malaysian Reserve
5 days ago
- Business
- Malaysian Reserve
TEDCO Selects Collide Capital to Support Management and Investment of Allocated SSBCI Funding
Collide Capital becomes the third selected VCLP to support the next generation of technological innovation COLUMBIA, Md., July 17, 2025 /PRNewswire/ — TEDCO, Maryland's economic engine for technology companies, announces the selection of Collide Capital as one of the early-stage venture capital fund managers supporting the management and investment of up to $10 million in U.S. Department of Treasury State Small Business Credit Initiative (SSBCI) funding. 'TEDCO's commitment to creating opportunities aligns with our goals of ensuring capital goes to the most deserving applicants rather than the most privileged,' said Brian Hollins, co-founder and managing partner of Collide Capital. 'With this funding, we are excited to better support the Maryland entrepreneurial ecosystem and look forward to working with TEDCO to help the ecosystem flourish.' Collide Capital is a $66 million black-owned venture capital firm envisioning a world where capital is awarded to those who are best positioned to solve the next generation of global challenges. Through their work, the company seeks to guide founders on their journey by equipping them with resources, knowledge networks and hands-on support. To date, they have backed more than 50 founders, with over 80% identifying as Black, Latine, and/or female. Recently, TEDCO announced receiving an infusion of up to $50 million in funding from the SSBCI initiative. This funding supports recipients of TEDCO's Venture Funds, Seed Funds and Social Impact Funds—along with the $10 million earmarked for the Venture Capital Limited Partnership (VCLP) Equity program. Of this amount, funding has been allocated to 100KM Ventures, AIN Ventures and now Collide Capital. 'This allocation reflects TEDCO's continued commitment to supporting the growth of an inclusive and sustainable merit-based ecosystem across the state,' said TEDCO CEO, Troy LeMaile-Stovall. 'Through our collaboration with Collide Capital, we are hoping to expand our reach, support more underserved individuals, bridge gaps in the system and allow for innovative advancements.' For more information about the SSBCI VCLP funds, visit our website here. About TEDCOTEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at Media ContactTammi Thomas, Chief Development & Marketing Officer, TEDCO, tthomas@ Kalinyak, Associate Director, Marketing & Communications, TEDCO, rkalinyak@
News18
5 days ago
- Business
- News18
Silver Soars 32% In 2025: ETFs See Record Inflows Amid 13-Year High, Time To Buy?
Silver surged 32% in 2025, hitting $38 per ounce due to industrial demand, supply deficits, and investor interest. Silver ETFs demand surge in recent times. Silver ETFs: Silver has turned out to be one of 2025's most exciting stories in the commodities space, jumping over 32% this year and crossing $38 per ounce—levels not seen since 2011. Behind this rally is a powerful mix of industrial demand, tightening global supply, and investor appetite, which is also driving a surge in silver-focused Exchange-Traded Funds (ETFs). Indian retail investors are increasingly joining this global wave through simplified access on platforms. 'This isn't just a commodity cycle—it's a structural shift," says Subho Moulik, CEO & Founder of Appreciate. 'Over 50% of silver demand now comes from solar panels and electronics. Pair that with five consecutive years of supply deficits, and you get sustainable price momentum. Silver is uniquely placed as both an industrial metal and a safe-haven asset, making it a rare dual-purpose investment." US-listed silver ETFs like SLV and SIVR have rallied 28% YTD, while silver mining ETFs such as SIL and SILJ have jumped over 50%. Indian investors can now access these global instruments directly, with minimal barriers. He adds, 'In INR terms, silver has strong support around Rs 1,09,450. If global momentum continues, Rs 1,13,000 isn't far." Analysts believe silver's role in clean energy—especially solar installations, EVs, and 5G—will only grow. With that, silver is increasingly moving from being a tactical trade to a strategic portfolio allocation, especially through ETFs that offer direct, cost-effective exposure. Aksha Kamboj, VP at India Bullion & Jewellers Association (IBJA) and Executive Chairperson of Aspect Global Ventures, echoes the view. 'Silver has reached a milestone today, breaching Rs 1,12,000 per kg. The record points to increasing demand from the industry and investors. The Rs 1.12 lakh benchmark is not just a number—it reflects silver's growing appeal in a tech-driven, sustainable economy," she says. 'Long-term investors can consider staggered entries or SIPs in silver ETFs." view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
