Critical or major illnesses can be costly, and the hospital bills for such illnesses tend to be huge. When a critical illness strikes any person at any time, he or she will have to withdraw the funds meant for their long-term investment, so that they can pay for the treatment. So, in cases like these, the investor needs to carefully analyze their investment avenues to pick the best investment option for their treatment.
The best investment options that allow withdrawals
Most investors assume that they want to make money as fast as possible. And so, they bank on their investments to skyrocket in a short amount of time. As a result, they tend to look for the best investment plans that tend to give such returns. Also, the best investment plans for any person mean the risks involved should be as low as possible.
This is not the case, in reality; however, such investment options simply don’t exist. So, the higher is the risk, the higher is the reward or the higher is the returns. Hence, when you go hunting for investment plans, you ought to bring your risk profile into the picture and see whether it meets the actual risks involved.
On that note, all investment products are classified into two types, namely, financial and non-financial assets. The financial assets are further classified as fixed income as well as market-linked assets. Fixed-income assets include all those assets like Public Provident Funds or PPFs and bank deposits, and the market-linked assets include those assets including stocks or mutual funds.
When it comes to non-financial assets, that is, things like gold or real estate, most people tend to invest in them.
With that said, here are the best investment plans that work.
- Direct equity: The silver-lining
Stock trading isn’t everyone’s thing and so is investing in them. Stocks tend to be volatile and give no guarantee of returns. Furthermore, if choosing the right stock is a real pain just think about the entry and exit. So, in all, trading stocks or investing in them isn’t something everyone’s good at.
So, where does the hope lie? Why it lies in investing in the equity of course? With the ability to return higher inflated adjustments, no wonder they are one of the most popular modes of investment.
They are all not always sweet and sugary. There are many risks involved in them too. Unless one chooses to go for the stop-loss method, he or she can lose a considerable amount of their capital. However, there are a few ways in which you can reduce this risk. One of the most popular ways is the diversification of investments across different market sectors.
At present, the one-, three-, as well as five-year market returns for equities stand at 13, 8, and 12.5 % respectively. A Demat account is required if one wants to invest in inequities. So, aren’t these reasons enough for direct equities to be one of the best investment plans?
- Equity mutual funds: Investing in equities and equity-related securities
The current rules and regulations of SEBI or the Securities Exchange Board of India state that equity mutual funds must invest at least 65 % into equity assets and related securities and instruments. Equity mutual funds tend to rely heavily on the fund manager as far as the generation of returns is concerned. The fund manager has the option to manage the equity mutual funds either actively or passively depending on the type of funds.
The ability of the fund manager is decisive of the returns generated in an actively traded fund. However, in the case of a passively traded fund like those of index funds or exchange-traded funds, they tend to track the index that underlies them. Equity funds are classified from market capitalization or sector-wise investment.
They are also classified by whether the fund is a domestic fund, that is, one that invests only in Indian stocks, or an international fund, that is, one that invests in overseas companies. The current one-, three as well as five-year returns these funds are generating stand at 15 %, 15 %, and 20 % respectively.
- Debt mutual funds: The other best investment option?
Debt mutual funds tend to produce steady returns. In that, they tend to be less volatile and pose lesser risks as compared to equity mutual funds. They invest in those securities which generate interests like treasury bills, commercial papers, government bonds, and other such securities and money-market instruments.
The current one-, three-, as well as five-year returns for debt mutual funds, stand at around 6.5 %, 8 %, and 7.5 % respectively.
- National Pension Scheme: A long-term, retirement-focused investment product
The Pension Fund Regulatory Authority or the PFRA manages the NPS or National Pension Scheme or System. There is a minimum annual contribution for all NPS tiers, and the one for Tier-1 has been brought down from Rs. 6,000 to Rs. 1,000. The National Pension System invests in varied assets like equities, fixed deposit accounts, corporate bonds, liquid funds, and government bonds among others.
Exactly how much can one invest in the National Pension Scheme primarily depends on the amount of risk the investor is willing to take. The current one-, three- and five-year returns for Fund option E, under this scheme stand at 9.5 %, 8.5 %, and 11 % respectively.
- Public Provident Funds: A long investment tenure of 15 years
The Public Provident Funds are one of the popular investment options that people tend to put their money into. This fund tends to give a large amount of compounded, tax-free interest for 15 straight years. There’s no doubting that this is one of the best investment plans out there. This is because, the interest accrued as well as the money invested is sovereignly guaranteed, which makes this one of the safest and best investment plans.
- Bank fixed deposits: A safe bet
Under the fixed deposit scheme offered by banks, the rules laid out by the DICGC or the Deposit Insurance and Credit Guarantee Corporation states that each depositor will be assured a maximum sum of one lakh on both the principal and interest amount. And there is the option to invest on a monthly, quarterly, half-yearly, or yearly basis.
There is also another option where one can invest on a cumulative basis. The interest accrued from these schemes is subject to taxes as per the income tax slabs of the investor.
- Senior Citizens’ Saving Scheme: The first choice for retirees
The Senior Citizens’ Saving Scheme is a must-have for all those senior citizens and retired people out there. The investment scheme stands up to its name by allowing only senior citizens to invest in them. Anybody above 60 years of age can invest in this scheme through a post office or a bank. The scheme comes with a tenure of five years and the current interest earned from this scheme stands at 8.3 % per annum. The investment amount is capped at Rs. 15 lakhs. However, the scheme does allow for an investor to have more than one account.
- RBI taxable bonds: Invest in a Bond Ledger Account
With the replacement of the 8 % Savings Bonds of 2003 by the government and the introduction of the 7.75 % Savings Bonds, you can invest in them for seven years in a Demat account or a Bond Ledger Account. A Certificate of Holding is handed over to the investor as proof of his or her investments.
- Real Estate: Your go-to investment option
Your own house is never an investment. Rather, the property you buy in addition to your own house is your investment. The value and rent you can draw from any property primarily depend on the location of that property. Real-estate investments give two forms of returns. They give returns in rent form as well as in capital appreciation form.
Real estate tends to have low liquidity. One another big risk real estate investment pose is the regulatory approvals. Nowadays, however, there are real estate regulators to do just that.
- Gold: The investment concerns of safety and high cost
Gold is a good investment option. Although it comes with its own set of risks including theft or the risk of high cost. There are also the ‘making charges in case you are considering investing in jewelry. These charges are anywhere between 6 % and 14 % of the actual cost of gold. One alternative to reduce the risks gold poses is to invest in gold ETFs.
These investments tend to take place via stock markets, and the assets considered here are gold. Sovereign Gold Bonds are another good way to invest in gold in paper form.
Therefore, these were some of the best investment options provided to an investor. Although some of them are fixed-income plans and others are market-linked assets or investments, both of them have the same goal to achieve. Create more wealth for the investor by generating higher returns. Market-linked investments help with market volatility, whereas fixed-income investments help preserve the wealth accrued. It’s always better to have a mixed set of investments, while keeping the goal, risks as well as investment horizons in mind.
Battling Anxiety? Here Are Some Expert-Approved Tips To Overcome It
Describing anxiety is extremely difficult as everyone may suffer from it in a different way. It is normal for us to feel anxious from time to time, but when anxiety starts to affect our daily life, then we must deal with it as soon as possible. Unfortunately, women are twice as likely as men to suffer from an anxiety disorder. There are several ways to deal with it, but keep in mind that what worked for others may not work for you. We gathered some tips from the experts on how to overcome anxiety.
Exercising seems exhausting and people think it requires a high level of dedication to have any effect. However, for people suffering from anxiety or depression, exercising has been proven to reduce their symptoms. All it takes to have an effect is 2.5 hours of regular exercising per week or 1.5 hours of high-intensity workouts per week. You don’t need to hit the gym, all you need to do is go jogging, take a walk, dance, or do any other physical activity you like for 30 mins 3-5 times a week.
When someone has an anxiety disorder, the problem can be genetic, and they will need medications to overcome it. However, you should consult with your doctor as some drugs may have undesirable side effects on your body. Some of the medications used to reduce anxiety include beta-blockers, selective serotonin reuptake inhibitors, benzodiazepines, monoamine oxidase inhibitors, and tricyclic antidepressants.
After legalizing marijuana in several states, many people started discovering its benefits for physical and mental health. The preliminary studies conducted on CBD, a compound in weed, have shown promising results for its effect on reducing anxiety symptoms. If you are not into smoking weed, you can buy pure CBD oil or some edible CBD products which have the same effect. The CBD compound doesn’t give the high effect as that effect comes from the THC compound in weed. However, make sure that you purchase CBD products from a reputable company or store to get high-quality products.
There are several types of therapy that can help reduce or control anxiety and the sessions can be done in a group or individually. Cognitive-behavioural therapy (CBT) aims to identify and understand the behavioural and thinking patterns of an individual and change them gradually to reduce their anxiety. Acceptance and commitment therapy (ACT) focuses on overcoming anxiety by deploying strategies such as mindfulness and acceptance.
Sometimes all we need to reduce anxiety is to have a good night’s sleep. Sleeping is one of the coping strategies used to battle anxiety. You may try relaxation techniques such as yoga, deep breathing, belly breathing, massage, and meditation to get rid of anxious thoughts. Other types of coping strategies include having a healthy diet, having emotional support from trusted people, setting achievable goals, and many more.
Anxiety can turn someone’s life into hell if it isn’t controlled. Trying these tips may help to prevent negative thoughts and relieve anxiety considerably. However, if you tried one way and it didn’t work with you, don’t give up as there are several other methods that may have a positive effect on you.
Health benefits of drinking enough water
About 60% of our bodies are made of water. But, still, you-re required to drink enough water every day. Why? Because water is responsible for several functions including, regulating your body temperature, preventing dehydration, facilitates the excretion of wastes from your body, and enables your brain function.
Of course, there are more health benefits of water to your life. But before that:
How much water should you take per day?
Water is an essential element of your life. In fact, almost every function of your body needs or uses water, from your muscles and joints movements to the brain and tissue cushioning. So, you’re either losing water while breathing, through urine, perspiration, or through general body movements.
Therefore, if you need your body to function well, you must ensure you replenish the amount of water loses or used. According to the Centers for Disease Control and Prevention (CDC), men should take up to 3.7 litres (125 ounces). In comparison, women should consume about 2.7 litres (91 ounces). But of course, you can take more or less than the indicated amounts depending on different factors.
What determines the amount of water you take?
The amount of water and other fluids you take per day significantly depend on:
Exercise– when you participate in specific activities, you’ll have to drink a lot of water. For instance, during exercising, your body removes wastes through sweats. And to cover or replace the amount of water lost. So, it’s essential to take more water before, during, and after exercising or workout.
Whether or environment– humid or hot environment would make you sweat and in the process lose water. Also, there is a high chance of dehydration at high altitudes. So it would help if you consumed a lot of water during the hot conditions or summer.
Your overall health– studies have confirmed that your body loses a lot of fluid or water while you’re sick. For instance, vomiting and diarrhea increase your chances of water loss or if you have conditions like urinary tract stones and bladder infections, among others.
Pregnancy and breastfeeding– Suppose you are asking why water requirement increases during pregnancy or when lactating. In that case, here is what you need to know: during pregnancy, the water in your body is used to create of produce amniotic fluid.
Again, physical pregnancy changes or symptoms like vomiting and nausea increase the demand for more water. Also, you experience higher glomerular filtration and blood volume while you lose more water through respiration and sweating. All these demands that you stay hydrated, which calls for you to take more water or foods containing water.
On the other hand, breast milk contains 90% of water. Meaning while you breastfeed your little one, you lose a lot of water. So, you should take more water to replace the ones lost through the milk.
Importance of drinking enough water
Regulate body temperature
Your body loses a lot of water through urination and sweat, especially during hot weather or when you engage in physical activities. Such factors would cause your body temperature to rise. However, drinking more water ensures you manage your temperature while preventing dehydration.
Maximize your physical performances
Studies have confirmed that dehydration can reduce your level of exercise, lowering your physiological and sport capabilities like strength/power and endurance. And you’ll probably take less time exercising as compared to when you take more water.
Treats and prevents headaches
Headache is a common sign of dehydration. And since taking adequate water has been proved to reduce dehydration, it thus means that you chance of experiencing migraines and frequent headaches if you consume more water.
Aids digestion process
First, water helps in forming mucus and saliva, which help break down and digest different foods. Also, they help moisten food, thus reduce the friction for easy swallowing.
Experts have also confirmed that drinking more water helps get the food out of your body. In other words, it facilitates the excretion of waste in the form of feces and urine. Even better, water ensures a clean mouth and can also prevent and reduce tooth decay.
Promote weight loss
Drinking more water would increase satiety and boost your metabolic rate, thus increasing the number of calories in your body. This would, in turn, help you lose weight.
Also enough water:
- Helps prevent constipation
- Transport different nutrients throughout your body
- It helps fight off diseases like kidney stones, urinary tract infection, and hypertension
So, what can you do to take more water?
Tips to help you drink more water
Since your body is entirely dependent on water, you should:
- Have reusable water bottles so that you can refill them whenever you feel thirsty
- You can as well serve water during every meal
- Consider choosing water over other drinks like soda
- Serve or eat more foods: fruits and vegetables that contain more water like watermelon, cabbage, and lettuce, among others.
Water is a significant factor in your health. It would help if you had it for your physical performance, brain function and reduce dehydration, fever, and headaches. Also, you need water to facilitate your digestion, relieve constipation, and help flush out wastes, among other crucial benefits.
The Importance of LMFT Supervisors in Our Society
The job of an LMFT supervisor or licensed marriage and family therapist is to provide care for interpersonal and relational problems within marriages, families, and couples. Therefore, therapists play an essential role in our society to help their clients to realize and understand the reason for the bad mental state and provide a way to change their problem-creating habits and attitudes. There can occur several issues within the families and couples such as addiction, infidelity, and many other problems, and an LMFT supervisor works with people who are having problems in their relationships. If you want to become an LMFT supervisor and serve people in your society, you should attend an LMFT supervisor training from a well-established institution.
Licensed marriage and family therapists are essential parts of our society as they assist to deal with relationship problems of family members and couples. Most LMFTs are private practitioners and try to understand the emotions and experiences that cause problems for their clients through communicating regularly.
An LMFT supervisor can deal with individuals or multiple related parties, however, the supervisor always takes a one-on-one basis communication method whether they are working with groups in the same room or talking to an individual about his family or couple-related issues. In order to provide recommendations, the LMFT supervisor always focuses on couple or family dynamics, even if he or she is guiding an individual. In the case of family issues such as addiction or abuse, the LMFT supervisor tries to work in association with social workers.
Cognitive Behavioral Therapy:
LMFT supervisors often focus on providing cognitive-behavioral supervision to their clients. This goal-oriented approach helps the clients to understand how their actions are being affected by their thoughts, beliefs, and feelings. Therefore, the supervisors work for the recognition of destructive patterns and guides to change them.
Cognitive-behavioral supervisors understand the theoretical orientation and try to offer techniques for the betterment of the clients. This supervision approach involves the observation of the behaviors and cognitions of the clients. This type of supervisor also gives homework to their clients.
The Abilities of an LMFT Supervisor:
An LMFT supervisor needs to have several abilities in order to treat his or her clients and to bring positive changes in their lives.
- i) Empathize: An LMFT supervisor should be able to understand the feelings of his or her clients.
- ii) Communicate: Communication is essential to convey the messages effectively and to know the causes that harm the client’s mental condition.
iii) Listen: An LMFT supervisor should let his or her clients say about their problems and listen properly to recognize the issues.
- iv) Analyze: In order to understand the real cause, the supervisors need to analyze the issues and the environment from where the client belongs to.
- v) Build Trust: Building trust is the most essential thing because the clients can rely on a supervisor if they trust the supervisor.
- vi) Problem Solve: Above all, an LMFT supervisor needs to have problem-solving abilities in order to bring changes and to guide the behaviors of the clients.