Avoid these common mistakes to really benefit from mutual funds :

Investing in mutual funds is simple.  But, you must have discipline and patience. It is all about commonsense. You just have to hold your mutual funds for long periods. Mutual funds are excellent vehicles for accumulating wealth. They have great potential for creating lasting wealth in the long-term. Yet, people make mistakes in buying and selling them. Remember, most of the times, you lose patience first, before you lose money. But, these mistakes are very much avoidable. Let us see what these mistakes are and how to avoid them. And how you can make mutual funds worth your while!

Fifteen reasons why mutual funds are good for you :

Here are fifteen compelling reasons why mutual funds are good for you.

1. The single most important function of mutual funds is to help you in earning a regular income or to generate capital gains over a period of time.
2. Mutual funds do not offer an assured return. But, they have proven to be profitable long-term investments for individuals.
3. Mutual funds have great potential. They generate higher returns than something guaranteed. They have created wealth for generally cautious investors who prefer safer investment options.

Keep your Money Safe: Avoid money traps and MLM schemes :

Chain-money schemes like Saradha are flourishing in our country. Countless crores have been lost in this manner. But these schemes aren’t the only danger. There are internet-based scams, phishing scams, identity theft, job scams, and much else you could be fooled by. Sucheta Dalal briefed participants on all this and more during an informative two-hour seminar

Even experienced investors often make amateurish mistakes, being lured by the prospect of big returns. Almost every other month we get to know of a big scam in one state or another, where thousands of crores have been collected from investors, who have been promised high returns, sometimes of more than 100%, in a relatively short period of time. Often, you’ll be surprised by the kind of people who have invested in these schemes. Sucheta Dalal, managing editor, Moneylife magazine, said, “In 2010, for example, a pyramid scheme called City Limousine found investors from even within the RBI and Income Tax office. According to numbers in a Times of India story, 15 RBI officials, 200 I-T officers and no less than 6,000 police officers invested in this dubious scheme. At one point, 10,000 investors were protesting outside the Azad Maidan police station in South Mumbai, but the policemen themselves had lost so much money in the scam.”

TODAY's MOTTO :

Coffee
never knew
it would taste sweet
b4 it met Milk & Sugar

We are good
as individuals,

But
become Best
when we meet
the right people..@

Gold Price in India – 40 Years History

Gold has always fascinated us Indians but do you know how prices of gold have varied in India. I happen to visit RBI website which publishes lots of reports including weekly Gold prices.

So here it is 40 Years price history of Gold.

Gold Price Trend:

If you look at the trends in Gold Price below, its only after 2004-05 that gold has started giving very sharp returns. It has given more than 20% annualized return since then.

Return on Gold:

Below is the chart showing the rolling return on Gold for 1, 3 , 5 and 10 Years period. For e.g. for 5 years rolling return its assumed that you buy Gold every year and sell it after five years.

The significant point to note here is except for 10 Years rolling return gold at some point of time has given negative returns. The worst period for Gold has been 1997 – 2002 where the Gold prices remained virtually stagnant. This graph also proves that returns in Gold is not always positive which most of us assume. Its depended on market factors, currency equations and economy.

Invest in Gold?

Never think that Gold price would always rise. In fact with so much interest in Gold and so much money pouring in all of a sudden has made Gold risky investment At this point of times its difficult to predict where would gold prices stand in next 3 -5 years!

If you are really interested in investing in Gold probably buying regularly in small chunks (SIP – Systematic Investment Plan) is the way to go.

~

Source : apnaplan

A brief guide on TDS (Tax Deducted at Source)

A lot of investors still do not understand what is the meaning of TDS (Tax Deducted at source) is and how it’s related to their taxation. While the concept is very easy overall, I have seen that tons of investors still get confused when TDS is cut on their Fixed Deposits at maturity and they feel that they don’t need to pay any tax now, or feel that they don’t have to pay any tax on their Fixed Deposit interest just because it was below 10,000 and TDS was not cut.

So in this article, let me make sure that you are 100% clear about TDS and what it means.

TODAY's MOTTO :

If
we
realise
our quality
We become smart.

If
We
know
our weakness
We become intellegent

&

If
We
know both
We become real Strong

GD~MNG

Choose Online PPF Account with Banks :

We know investing in public provident fund (PPF) is a safe investment option with attractive interest rates. The scheme falls under EEE regimen i.e. Principal, Interest and Withdrawal all are tax exempt. There are two options for investing in PPF account, either directly through post office or with authorized banks. In today’s generation, people opt for online facilities for paying bills, premiums, shopping, etc since its easy and hassle free.

Also, working class finds it difficult to transact physically in PPF account through a post office or bank branch. It takes time to update the passbook and also to transact with bank while depositing the amount in case of physical transaction. So, banks such as SBI, IDBI and ICICI are now offering an online PPF account facility which is more convenient than visiting post office for each transaction.

TODAY's MOTTO :

Most of
D problems in life
are because of two reasons:

1st: we act without thinking.

2nd: We keep on thinking without acting..@

GD~MNG

MHAPPY MAHAVIR JAYANTI :

MARKET WILL
REMAIN CLOSED

ON
WEDNESDAY
24 th APRIL'2013

DUE TO MAHAVIR JAYANTI..@
~
WISH U ALL
HAPPY MAHAVIR JAYANTI..@

TODAY's MOTTO :

People
dont need
extraordinary
insight or intelligence

What they need most is

The
character to
adopt simple rules
& stick with THEM..@

5 reasons why you should not take Term insurance till 75 yrs :

Got a term plan for your family? Or may be you’re planning to take the term plan in a few days. If you are, good for you! . One of the biggest questions, every person considering term insurance has, is – “Should I take the cover for the maximum period?

Aegon provides coverage upto 75 years of age. or 20 25 30 35 40 years. I am confused which policy term is better to get maximum benefits?

Hundreds of investors have asked this question over and over again, and I tell them, “Just take it only until you reach 60 years of age.”

And they happily ignore my suggestion; as if I am crazy, suggesting this to them. The “Insurance only till 60 years” looks kooky to them – kind of a “wrong deal” and they want to get “maximum benefit” out of the term plan. “The chances of my family receiving the  claim amount is higher when I am covered for long” is the common thought process of every person who is in the mad rush of buying the highest possible tenure.

TODAY's MOTTO :

Two things
to remember in LIFE

Take care
of ur THOUGHTS
when you are ALONE

AND

Take care
of ur WORDS when
you are with PEOPLE..@

Is your investment strategy designed to achieve success?

Investing money prudently to ensure that one has enough at every stage of one’s life is becoming increasingly challenging. Apart from facing the challenges thrown up by the ever-changing economic and investment environment, investors also have to deal with their own misperceptions. Many investors also suffer because they are not consistent in their investment approach. In reality, however, there is no place for adhocism in the investment process. By following an on-going investment process investors can not only be successful in putting aside a part of their income for future use but also in benefiting from “averaging”. 

Twin pearls of wisdom: Must read before investing

When you are young, independent and earning well enough, you feel invincible. There is a whole lot of time to think about the future, marriage, kids, house or retirement. While this is perfectly true there is another truth as well which is that money begets money.

The sooner you start investing, the more time your money will have to grow with the compounding effect. Remember compound interest that we did back in school, it applies in real life too. Rs.100 that you invest today earns Rs.10 by next April, and by April 2015 you not only get another Rs.10 on the original Rs.100, but also get 10 percent on Rs.10 which is the profit for the first year. The profit from the first year also earns return thereon. Simply put, the law of compound returns says money left alone creates more money. So this is what finance savvy people mean when they say I want my money to work for me!

TODAY's MOTTO :

Sometimes
People Are Nothing

You Make Them Something

&
Whn THey
Become Something

They
Feel THat
You Are Nothing..@

GD~MNG

TODAY's MOTTO :

RacE
can not be won
by Accelerating
on " Top Gear "

But

It can be won
only by changing
the Gear on Right Time..@

GD~MNG

Subho Nobo Borsho :

Notun bochor
notun bhabe

Notun saje
notun kaje

Notun bhalobasay
Notun sombhabonay
Notunatwo chuye jaak tomader hridoy

Subho Nobo Borsho..@

TODAY's MOTTO :

1 minute
cant change ur life..

But

The
Utilization of
every 1 minute
wilL definitely
change Ur Life..@

GD~MNG

हिन्दू नववर्ष की हार्दिक शुभकामनाए....

Prudent Tax Planning- why this should be your resolution this fiscal?

Last minute adjustments can lead to mistakes and this is so true in your tax planning. Many of you must have bought a life insurance policy to save taxes, which most probably doesn’t suit your requirements. Rather insurance policies are being sold as an instrument to avail tax deductions under section 80C on many occasions. But one must understand tax planning is just one aspect of financial planning. Any investment decision has to be consistent with your long term financial plan and any ignorance there may cost you a pretty penny later. We resolute to start something anew at the beginning of every year then why not commit to our finances at the start of a new financial year?

TODAY's MOTTO :

Memories are
always special

Sometimes
we laugh by
remembering
the days we cried

&
we cry by
remembering
the days we laughed..

Thats LIFE..@

TODAY's MOTTO :

To BE KIND
is MORE important
than to b right..

Many times
wht people need is

NOT
a brilliant
mind that speaks..

BUt
a SPECIAL
HEART that LISTENS..@

TODAY's MOTTO :

Negative Thinking 
Is As Importnt As 
Creative Thinking 

Coz 

Creative Thinking 
Invents Aeroplane 

Negative Thinking 
Invents PARASUTE..@

TODAY's MOTTO :

Death is not
the greatest  loss in life..

The
greatest loss is
when relationship dies
between two people while they r stil alive..@

TODAY's MOTTO :

Best words:
Waqt, Dost aur Rishte

Ye
wo chize hai
jo hame muft milti h

Magar
inki kimat ka
tab pata chalta h
jab ye kahin kho jate h..@

TODAY's MOTTO :

The
sweetness
of chocolate
remains in tongue
for few minutes

But

The
sweetness
of a person
remains in heart
forever till D life ends..@

TODAY's MOTTO :

Moments r
the greatest gift in world

Bcoz
u cant give
the same moment
again to anyone

But
once u give,
that person can
never ever forget u..@