Financial Planning

A good one by Samir Arora ________________________________________________ “As it happens, retail investors are helping markets more by staying out than by investing in equities. So from a purely selfish point of view, we (current equity market participants) do not mind if you stay away from equities. Keep your money in low interest bearing savings accounts and this will help banks raise cheap funds. Then, while you earn taxable 9% per year in fixed deposits and 4% in savings accounts, we will continue to buy HDFC Bank, IndusInd Bank, Yes Bank and the like, which are up 3.5 times, 11 times and 5.9 times respectively since December 2008. Also, remember to pay all your EMI installments on time so that retail loans made by private banks do not get into trouble and we can continue do well owing their stocks.

7 - New Year Financial Resolution :- 1.    I will Insure my Family & Property: - We work hard to earn, now is the time to protect your family & properties you owned, buying a medical for any medical disaster. Make sure its adequately insured. 2.   Emergency money Planning:- A very commonly given financial advice, but not so commonly implemented across. generally, 6 to 8 months monthly total expenses/spending(total expense include all expenses including loans and credit cards payments, household bills etc.,)

Dear Readers,  Wishing You A Very Happy Diwali & A Prosperous New Year. Manan Mankad

Investment limit on infrastructure bonds may rise to Rs 50,000 NEW DELHI: The government is considering more than doubling the investment limit in infrastructure bonds eligible for tax rebates as part of a strategy to provide a funding boost to a vital sector while having a beneficial effect across the economy. Officials told ET the finance ministry's department of economic affairs, as part of its suggestions for the 2012-13 budget, had proposed raising the investment limit in these bonds to Rs 50,000 from Rs 20,000 now. The revenue department is expected to take a final decision after weighing expected economic gains against short-term revenue losses. Source :- Economic Times http://articles.economictimes.indiatimes.com/2012-01-27/news/30670455_1_tax-free-bonds-infrastructure-bonds-investment-limit - Manan Mankad Read Personal Financial Article on : www.mananmankad.blogspot.com follow us on twitter : www.twitter.com/mananmankad Like us on Fac...