Comments on: 17 tips in Personal Finance http://www.jagoinvestor.com/2009/12/17-tips-in-personal-finance.html Financial Planning , Insurance , Mutual Funds , Investments Fri, 10 Feb 2012 17:41:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: sunil gavaskarhttp://www.jagoinvestor.com/2009/12/17-tips-in-personal-finance.html#comment-18211 sunil gavaskar Mon, 27 Dec 2010 09:32:11 +0000 http://www.jagoinvestor.com/?p=607#comment-18211 And an article about the policy in Hindu http://www.hindu.com/2004/03/15/stories/2004031500261800.htm And an article about the policy in Hindu
http://www.hindu.com/2004/03/15/stories/2004031500261800.htm

]]> By: sunil gavaskarhttp://www.jagoinvestor.com/2009/12/17-tips-in-personal-finance.html#comment-18210 sunil gavaskar Mon, 27 Dec 2010 09:24:11 +0000 http://www.jagoinvestor.com/?p=607#comment-18210 This is about Jeevan Saral as an investment option instead of NSC/PPF ... I discussed with couple of development officers directly to gather such info.. Please read on W.r.to endowment policies, it is right that 6-6.5% of return, but this policy differs from others that the projected return as 10% compounded because, 1. Loyalty addition applicable ( a kind of bonus ) to policyholders who are holding the plan for 10years and above 2. The plan doesn't have tax procedures. i.e LIC needs to pay 12.5% service tax + 5% government share on profits, but the profits from this plan are exempted from TAX altogether 3. The corpus of this plan is invested as Loan to industries like TATA and others for @13% 4. The objective is long term i.e 10yrs and above so one can expect good return of around 10% compounded or 8.5% in a worst case.. 5. LIC mosted trusted org itself has distributed the brouchers with projected profit as 10% compounded.. And of course return is non taxable !! Please post your views on these.. This is about Jeevan Saral as an investment option instead of NSC/PPF … I discussed with couple of development officers directly to gather such info.. Please read on
W.r.to endowment policies, it is right that 6-6.5% of return, but this policy differs from others that the projected return as 10% compounded because,
1. Loyalty addition applicable ( a kind of bonus ) to policyholders who are holding the plan for 10years and above
2. The plan doesn’t have tax procedures. i.e LIC needs to pay 12.5% service tax + 5% government share on profits, but the profits from this plan are exempted from TAX altogether
3. The corpus of this plan is invested as Loan to industries like TATA and others for @13%
4. The objective is long term i.e 10yrs and above so one can expect good return of around 10% compounded or 8.5% in a worst case..
5. LIC mosted trusted org itself has distributed the brouchers with projected profit as 10% compounded.. And of course return is non taxable !!
Please post your views on these..

]]> By: amyhttp://www.jagoinvestor.com/2009/12/17-tips-in-personal-finance.html#comment-12205 amy Mon, 09 Aug 2010 12:25:26 +0000 http://www.jagoinvestor.com/?p=607#comment-12205 Hi, I am Amit kumar of 26 yrs from rajasthan.I am a govt.employee with a monthly income of 25,000.I am having two LIC ENDOWMENT plans of which one is of sum assured 6 Lk and a annual premium of 28000 and other with a sum asssured of 1 Lk and a annual premium of 6000.I am also having 2 ULIP plans of which one is LIC MARKET PLUS (optioned GROWTH) with annual premium 10000 and other is ING VAISYA (optioned GROWTH) with a annual premium of 4000.There is also a deduction of 10% from my monthly salary under contributory pension scheme(C.P.F.). I have started up with a monthly SIP of 1000 in canara robeco equity tax saver(growth) last month.now i am planning to open a PPF a/c wid SBI.i am also planning to invest in two equity diversified MFs wid monthly sip of Rs 1000 each. I request u to plz analize my above portfolio and suggest me two or three good equity diversified MFs.I am having a goal of 7 Lk after 5 yrs.I also want to know that as i am having C.P.F. deduction whether i should open P.P.F. a/c or not. plz mail me. Thanks. Hi, I am Amit kumar of 26 yrs from rajasthan.I am a govt.employee with a monthly income of 25,000.I am having two LIC ENDOWMENT plans of which one is of sum assured 6 Lk and a annual premium of 28000 and other with a sum asssured of 1 Lk and a annual premium of 6000.I am also having 2 ULIP plans of which one is LIC MARKET PLUS (optioned GROWTH) with annual premium 10000 and other is ING VAISYA (optioned GROWTH) with a annual premium of 4000.There is also a deduction of 10% from my monthly salary under contributory pension scheme(C.P.F.).
I have started up with a monthly SIP of 1000 in canara robeco equity tax saver(growth) last month.now i am planning to open a PPF a/c wid SBI.i am also planning to invest in two equity diversified MFs wid monthly sip of Rs 1000 each.
I request u to plz analize my above portfolio and suggest me two or three good equity diversified MFs.I am having a goal of 7 Lk after 5 yrs.I also want to know that as i am having C.P.F. deduction whether i should open P.P.F. a/c or not. plz mail me.
Thanks.

]]> By: Pavan Kulkarnihttp://www.jagoinvestor.com/2009/12/17-tips-in-personal-finance.html#comment-10486 Pavan Kulkarni Fri, 11 Jun 2010 13:31:23 +0000 http://www.jagoinvestor.com/?p=607#comment-10486 Yeah...that's why I said it's my personal view! A knife can be used in many ways :) Yeah…that’s why I said it’s my personal view! A knife can be used in many ways :)

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2009/12/17-tips-in-personal-finance.html#comment-10484 Manish Chauhan Fri, 11 Jun 2010 12:59:22 +0000 http://www.jagoinvestor.com/?p=607#comment-10484 Pavan Thanks for your views , whatever is pure monitoring for you may be over monitoring for many i guesss :) Manish Pavan

Thanks for your views , whatever is pure monitoring for you may be over monitoring for many i guesss :)

Manish

]]> By: Pavan Kulkarnihttp://www.jagoinvestor.com/2009/12/17-tips-in-personal-finance.html#comment-10482 Pavan Kulkarni Fri, 11 Jun 2010 12:45:02 +0000 http://www.jagoinvestor.com/?p=607#comment-10482 Manish, Great article, as always!! I love the way you and Subra write! I don't completely agree with you on 7 (over monitoring portfolio). It's my personal view though and I wouldn't dare say that it is a general rule. My logic is simple. I investigate throughly before I buy stocks/funds. Once I buy, I check everyday to find the right time to buy the next lot in the same stock/fund. That helps me accumulate good stocks and lower my prices. Of course, it requires lot of self-discipline to not to panic when situations are not rosy. In fact, those are the right times to into market (instead of exiting). Thanks to WB for all this wisdom :) Manish,
Great article, as always!! I love the way you and Subra write!

I don’t completely agree with you on 7 (over monitoring portfolio). It’s my personal view though and I wouldn’t dare say that it is a general rule. My logic is simple. I investigate throughly before I buy stocks/funds. Once I buy, I check everyday to find the right time to buy the next lot in the same stock/fund. That helps me accumulate good stocks and lower my prices. Of course, it requires lot of self-discipline to not to panic when situations are not rosy. In fact, those are the right times to into market (instead of exiting). Thanks to WB for all this wisdom :)

]]> By: pravinhttp://www.jagoinvestor.com/2009/12/17-tips-in-personal-finance.html#comment-9150 pravin Wed, 12 May 2010 08:25:51 +0000 http://www.jagoinvestor.com/?p=607#comment-9150 Investigate the Gold ETF in question. For example if you buy start tracks GLD in the US stock exchanges, it is not a one to one ETF unlike the Benchmark Gold bees in india.ensure that the custodian is trust worthy (bank of nova scotia for BM). and there is indeed 1 to 1 correspondence between the gold in the custodian's vault and the units alloted to you.any fractional reserve scheme based Gold etf can cause grief because of counterparty risk. people buy physical gold not only for marriages etc.but also as protection against paper (fiat) money.it is the ultimate isurance against economic disaster.so gold etfs should be carefully monitored because it is dependent on govt policies (govt can easily confiscate it -if things become ugly). i may sound paranoid here,but history teaches us to be always alert.roosevelt had actually confiscated all US citizens gold from 1945-1973. so there, understand what gold represents.its not just a piece of paper. Investigate the Gold ETF in question. For example if you buy start tracks GLD in the US stock exchanges, it is not a one to one ETF unlike the Benchmark Gold bees in india.ensure that the custodian is trust worthy (bank of nova scotia for BM). and there is indeed 1 to 1 correspondence between the gold in the custodian’s vault and the units alloted to you.any fractional reserve scheme based Gold etf can cause grief because of counterparty risk.

people buy physical gold not only for marriages etc.but also as protection against paper (fiat) money.it is the ultimate isurance against economic disaster.so gold etfs should be carefully monitored because it is dependent on govt policies (govt can easily confiscate it -if things become ugly).
i may sound paranoid here,but history teaches us to be always alert.roosevelt had actually confiscated all US citizens gold from 1945-1973.
so there, understand what gold represents.its not just a piece of paper.

]]> By: Why it makes sense for Women to learn about Personal Finance in Indiahttp://www.jagoinvestor.com/2009/12/17-tips-in-personal-finance.html#comment-7079 Why it makes sense for Women to learn about Personal Finance in India Sun, 28 Mar 2010 10:11:30 +0000 http://www.jagoinvestor.com/?p=607#comment-7079 [...] of the big problems, with women, is that they do not treat Personal Finance as something that’s important for them. For ages, they have not participated in Personal [...] [...] of the big problems, with women, is that they do not treat Personal Finance as something that’s important for them. For ages, they have not participated in Personal [...]

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2009/12/17-tips-in-personal-finance.html#comment-6947 Manish Chauhan Wed, 24 Mar 2010 13:28:32 +0000 http://www.jagoinvestor.com/?p=607#comment-6947 Rupali this article will help : http://www.jagoinvestor.com/2008/04/gold-as-investment.html manish Rupali

this article will help : http://www.jagoinvestor.com/2008/04/gold-as-investment.html

manish

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