Stock market investing is not only about buying and selling stocks. After a stage, the investors begin to see the investments as a collection of stocks. Single stocks transform themselves into a shares portfolio. A stage comes when the investor starts to pay less attention to individual stocks. For him/her, more important is the present…
![If A Bank Closes What Happens To The Deposits? [DICGC]](https://ourwealthinsights.com/wp-content/uploads/2021/06/If-a-bank-closes-what-happens-to-deposits-image2.png)
Once a person said, I have a fixed deposit of 65 lakhs in a bank. He asked if a bank closes what happens to the deposits? The answer is in the term called “Deposit Insurance & Credit Guarantee Corporation [DICGC]”. We will discuss about DICGC in this article. In a comparatively extravagant world of cryptocurrencies and the stock…
Summary: This guide highlights the emergency fund’s importance for middle-class financial security, recommending a six-month expense reserve with cash and insurance (life, medical, motor, property). It details building it via recurring deposits, storing it in liquid, low-risk options like savings accounts, and prioritizing debt-free status and investments only after the fund is set. Table of…
