Savepro - Gaindamull Hemraj Financial Services

An open-end mutual fund issues a total number of shares that investors want to buy. It also buys shares back from investors. On the other hand, closed-end funds limit the number of shares that it issues. It also doesn’t allow you to buy back shares. As per Savepro , a financial advisor, the total value of an open-end share is equal to the net asset value (NAV). The NAV is calculated by decreasing the liabilities from the fund’s total asset value and then dividing the amount from total shares outstanding. Also, Savepro suggests investors choose open-ended funds over close-ended funds. This is because of varied reasons. Firstly, open-end funds offer investors to meet their investment objectives, such as investing in small and large-cap companies or investing for growth, etc. Secondly, it helps investors build a diversified portfolio. Third, the fund is closed to new investors if the asset value of the funds becomes too large for its objectives. Lastly, open-end funds are not old

The New Year is typically the best time to revisit and re-assure your investment portfolio. As an investor Savepro suggests you should definitely review/re-assess/check/re-evaluate five important things. These include your financial plan, asset allocation, and re-balancing, insurance, debt, and estate documents. Drafting a Financial Plan The top priority for you every year should be to maintain your financial health. This should be done by drafting a financial plan for the year. Therefore, you should update your assets, insurance coverage, liabilities and goals. According to Savepro , this will enable you to have a clear picture of your assets and liabilities for the upcoming year. So, an annual update of your financial plan will boost the health of your financial portfolio. Asset Allocation Review Managing and reviewing asset allocation is a need to have consistent financial growth. This helps to make sure that the objective of your financial plan is crystal c