Personal Finance
Tags :
Investment, Asset Management, Growth, Money, Mutual Fund, Equity, Share Market, Debt, finance, money, risks, future, stock market, mutual fund, personal finance, budgeting, stocks, budget
Industry :
Asset Management
Functional Area : Personal Finance |
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About "Personal Finance" topic:
We as individuals have to plan our budget, save and spend monetary
resources over time considering various financial risks in future. This
topic will discuss on how well we plan our personal finance which
include investments in stock market, mutual fund, credit cards, loans,
insurance policies and income tax management. Please share your queries
& insights under this topic on Personal Finance...
2 trends
, 19 insight
, 13 debates
, 3 idea contests
, 9 question
on topic: "Personal Finance"
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Budgeting isn’t always easy – but it doesn’t have to be impossible. And it’s worth it. You’ll live with less worry now, and endure less headache later on. some basic money management strategies that are as simple as ABC . Follow their guidelines to squash your debt, start saving, and stop wasting money. A lways Keep Track You should always keep track of all of your accounts, and running balances of those accounts – specifically, the ones that you use on a daily basis. This will help prevent late payments or being overdrawn on your checking accounts, or going over your limit on your credit accounts. B uild Credit Carefully You don’t want to run out and snatch up every credit card offer yo...
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Ramakrishna Perumal
| Commented
| 3 years ago
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It is always good to share the information whether it is original or it is cut and paste but only thing is if somebody has already read it they ignore the article if not they can read it once again and get refreshed with the information once again.
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Devi Kaladeen
| Commented
| 3 years ago
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Varsha I believe those comments you are talking about were deleted by Toostep admin. I am very happy that Toostep is making observations on what is going on in this forum. I want to reiterate that on a professional level I abide by the rules and...
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Jaspal Singh Sodhi
| Commented
| 3 years ago
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Dear Friends, If you see the top of the article, the source is given there, already. And it's not good for any scholars to target any other persons like this. It would be nice if we learn to appreciate, instead of criticising. Because appreciation...
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Insight: "The ABCs of Managing Money" deleted from your view.
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The earlier you start investing the more time the investment gets. This inturn leads to higher returns and lower the risks. Maintain an investment startegy keep hold to it consistently. Do diversify your investment. Work like a BEE . Bees do scatter themselves in various directions in search of Nectar. On Doing so the Bees combat the risk of not finding any food. Similarly on diversifying your investments our risk of having lower returns gets diluted thus resulting in a profitable outcome. Do Invest...
Insight: "Start Early...Be Consistent..Do Diversify... " deleted from your view.
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We are offering the services of: Reply back to this email with your contacts to get the right financial planning solution for you. SMS Help Line No . 9901453967 Vijai Verma Business Manager Excelan Consultancy Pvt. Ltd., Bangalore www.excelan.in Mo:9008666990 Ph no:080-41539981
Insight: "Your Financial needs change with your AGE..." deleted from your view.
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Yes
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No
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Jyoti Rath
| Argues in support of
"Yes"
| 3 years ago
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yes on all means Padmanabahan...they all taught us so many things which i found were really irrelevant, and when we started doing our jobs there was no connection at all to what we learned and what we implemented, so when there is situation where...
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Phani Dasam
| Argues in support of
"Yes"
| 3 years ago
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This is really a great thought. I totally agree with having finance as a subject in school curriculum. We need finance in every walk of our life. Infact it is inter-linked with all fields of knowledge. So having basics right from the school would...
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Debate: "Basics of financial management in the school curriculam." deleted from your view.
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Incomes that are not taxed! Although the tax man has been vested with the task of collecting taxes on the incomes of the citizens, he has deemed certain kinds of incomes as 'not included in total income'. Thus if any earning that you receive which falls under these incomes you don’t have to treat it as income or pay tax on it! Let’s take a look at the different incomes that are not incomes! Agricultural Income: Any income which you receive as income from any agricultural activity is deemed as not included in total income. If your father is into agriculture and he gives you a part of the income as a gift, then you don’t need to pay tax on it, provided, your father files his tax returns. Inco...
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Padmanabhan R
| Commented
| 3 years ago
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Thanks for sharing joshi sir, Income from partnership is exempted to avoid double taxation ,as already taxed as income of firm. Knowledge of income exempted from tax is vital for tax planning; one should take maximum advantage of these tax...
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SB DIKSHIT
| Commented
| 3 years ago
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If it is not going to change as per finance minister, then its a nice information for assessment year 2010-2011. thanks.
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Trends: "Did you know this?" deleted from your view.
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DIVIDENDS!!!!!.. We do have a craze for Dividends, Increments, Rewards and Bonus. But beware, Never Opt a Mutual Fund Scheme for it Dividend declaration Record alone . This is because of the following : - Dividend is a part of a same cake : Say a MF scheme's NAV climbs from Rs 10/- to Rs. 20/- over a period of time. A dividend of Rs 5/- (50%) is declared because of which the NAV of the scheme on the record date drops to Rs. 15/-. Cheap NAV : Dividends are frequently declared by some of the MF to eventually attract retail investors by projecting cheaper NAVs on Post-Dividend stage. Huge Fund Size : MFs with huge fund inflow are scared of the fund size hence decide to chunk out heap of cash o...
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sandesh saboo
| Commented
| 3 years ago
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you are forget the tax angle.it is for some a very good tax planning at no cost.
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taranath joshi
| Commented
| 3 years ago
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Yes, Mr. Shenoy. I fully agree with you. Infact, the NAV gets deducted when the dividend is paid. i.e. If NAV (cum dividend) is 12, and the MF pays 1 Re/unit dividend, the ex-dividend rate will be 11 only. So, thats not a dividend at all....
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Insight: "Never Chase Dividends.... " deleted from your view.
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SIP - Systematic Investment Plan refers to an organized and disciplined approach of having a Mutual Fund Investment. With this you can make small portions of your savings reap significant returns if followed in a periodic fashion for a reasonable duration. Benefit : Rupee Cost Averaging i.e. Higher the Net Asset Value (NAV) - Lower the Units you get Lower the Net Asset Value (NAV) - Higher the Units you get Oppurtunity : Make use of the fluctuations in the Market Ideal Combination : Scheme : Equity Diversified (May vary based on ur choice) Type : Open Ended (Preferably) Fund Allocation : Say Rs. 500/- (minimum or as per the scheme details) Period : Monthly Basis (Ideal) Date : within 5 days...
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Ramprasad Murthy
| Commented
| 3 years ago
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SIP is a very good opportunity for people who 1. Do not understand the market nuances 2. When to invest and how much 3. Cannot shell out lumpsums 4. Can wait for a period of atleast three years(they should plan for this period)
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Padmanabhan R
| Commented
| 3 years ago
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Thanks for sharing sir, “the earlier the better”, SIP is an excellent option if you don’t have much market exposure and if your source of income is monthly. It will have averaging benefits and due to rupee cost averaging the per unit cost will...
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Insight: "SIP.. Wise way of Investment.... " deleted from your view.
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Mutual fund is viewed as one of the perfect investment options available for small investors with little market exposure. They offer risk reduction, diversification, professional management, convenience, liquidity etc. But this doesn’t mean that you need not do your home work. Here are some of the important disadvantages of mutual funds. Diversification dilutes return and there can be over diversification. There are no guaranteed returns. Fund manager may be tempted to show good results in the short term at the expense of long term performance as the manager’s compensation is based on the fund’s performance. Mutual fund portfolios are not tailor made The annual fund operating fee is charged...
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Viktor Stephen
| Commented
| 3 years ago
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Padmanabhan, thanks for bringing this to the attention of small investors who mistakenly think that mutual funds are the safest and best route.
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Raju Ramalingam
| Commented
| 3 years ago
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Really its nice to know about the mutual funds. To be honest i do not know anything about it and I just remember "subjected to market risk". Now i know something about it. Thank you so much...
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Insight: "Disadvantages of mutual funds" deleted from your view.
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Every individual should have an Ideal Investment Portfolio to suit his Risk Profile and inturn aid him in attaining his targeted financial goals at various stages of his life. The following are the various investment areas or sectors an individual can aim at. It is arranged in the order - Low Risk - Low Return Products to High Risk - High Return Products : Bank Deposits Postal Savings : PPF, NSC... Government Bonds Industrial / Company Deposits Mutual Funds Real Estate Equity (Share Market) Though having a House or Land has been a major financial decision in the life of any individual, a typical Indian investors has not crossed beyond Bank and Postal Savings Deposits stage of investing. Sec...
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Pankaj Kulkarni
| Commented
| 4 years ago
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good sharing Mr.shenoy, but in this scenario one will go for in between like for the mutual funds rather than share market and real estate, as there is guaranteed amount that one will be gettin, i don't think investors are that much into equity as...
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Insight: "Investment Portfolio...How to go about it... " deleted from your view.
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For this there are many freelancing sites so besides that can i get some idea how to work as a freelancer in my field of webdesigning and graphics. As of many of the internet jobs are fake/fraud. Ple...
Answer: "how to get clients for web designing and graphics ?" deleted from your view.
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Financial engineering has provided innumerable lucrative opportunities for otherwise indigent mathematicians Nevertheless the turbulence in the bond markets in the last couple of months, at a time when the world economy’s prospects seemed set fair, have exposed a guilty secret of the financial engineering profession: its methods don’t work. First area of failure is liquidity. Theoretically, if financial engineers design ever fancier artificial securities and derivatives, but everybody uses the same mathematical models to value them, there is no reason why an active market should not operate in the securities, at whatever price the models direct. In practice this only works in calm markets. In times of market turbulence, when doubts arise about either the mathematical models themselves or the underlying assets from which value is derived, the true value of these artificial assets becomes thoroughly unclear. Buyers assess their value at the lowest possible level, and refuse to...
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In world of financial engineering , I have this information to share with you . Well the financial risks could be averted by adopting these measures . Have a look at these measures and you will know ..... The concept of livelihood insurance, where contracts will protect individuals from long-term economic risks such as the loss of a paycheck or the depreciation of one's home value. The concept of what he terms "macro markets" - where individuals, corporations, and governments alike can trade or hedge risks associated with the fluctuations in GDP or national incomes. The concept of income-linked loans - where lenders will make loans to governments, corporations or individuals whose repayment terms are tied to the incomes of these entities. Such repayment terms could be a certain percentage of one's income, which would cause the outstanding balance to decline if income levels decline. This would reduce the change of bankruptcies but will also alleviate our fears of taking more risks...
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Neural networks in financial engineering Neural networks have shown considerable successes in modeling financial data series. However, a major weakness of neural modeling is the lack of established procedures for performing tests for misspecified models, and tests of statistical significance for the various parameters that have been estimated. This is a serious disadvantage in applications where there is a strong culture for testing not only the predictive power of a model or the sensitivity of the dependent variable to changes in the inputs but also the statistical significance of the finding at a specified level of confidence. Rarely is this more important than in the case of financial engineering, where the data generating processes are dominantly stochastic and only partially deterministic. Partly a tutorial, partly a review, this paper describes a collection of typical applications in options pricing, cointegration, the term structure of interest rates and models of...
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