Stock market may not perform, but stocks will
Are you an investor in the stock market? Are you worried about the fact that two key market indices i.e. Nifty and Sensex have not grown since January, 2008 when they reached their all time high? If so, then it is time to think, analyse and act. While there is no doubt that Sensex and Nifty represents broad market performance in the stock market, the returns offered by these indices are deceptive and hide the opportunity that the stock market offers. Many investors, who have left stock market thinking that market has nothing to offer as it has consistently failed to generate returns in the past five plus years, need to look at the market from a different perspective. The perspective is that even if stock market does not perform, stocks will continue to perform. Out of several stocks constituting Sensex and Nifty, some of them have done wonderfully well. Continue reading »
Avoid Toxic Insurance Products
While investing in financial products, you need to be careful. Careful because you may fall victim to some toxic products! These toxic products may potentially derail your entire financial planning process. After all, you are investing your hard earned money which cannot remain unproductive. So which are the financial products that you need to avoid. You should avoid some products which are offered by insurance companies and be watchful about these products. Insurance anyway is not an investment product and hence needs to be used selectively for buying life cover. So which are the toxic insurance products that you need to avoid. Here are three insurance products that you need to avoid: Continue reading »
Four Common Mistakes in Retirement planning you must avoid
Retirement planning is a meticulous exercise. It needs to be managed with dexterity. Mistakes in retirement planning can be very costly and hence it is important to avoid some of the common mistakes in retirement planning. Here are four such common mistakes that people often do and you need to pay attention to avoid these mistakes: Continue reading »
Don’t allow your life be a repeat of,’ BAGHBAN’: Plan your retirement in advance
The hit Bollywood movie ,’ Baghban’ starting super hero Amitabh Bachchan and Hema Malini gives great message about why children should support their parents in old age. The movie tries to reinforce the age old Indian family value. But for me, the movie gives a message which has a crucial aspect of financial planning. The movie teaches all of us the need for retirement planning. The tag line of the movie,’ Can you depend on your family?’ says it all. It is true that we shouldn’t leave any stone unturned in taking care of our kids; we should also never forget that we have to work to create a retirement corpus which will help us in taking care of our needs when the regular source of income has dried up. It is not that we do not know the significance of retirement planning, but we do not always work on it. In order to avoid repeat of Baghban in our own life, then us ensure the following four things: Continue reading »
Understanding Book Closure date and Ex date
Book closure means the date from which transactions for the transfer in the shares of the company will not be considered in the register of members of the company. So if a company announces book closure as 10-Jul-2013 to 20-Jul-2013, this means the company will not entertain any transaction for transfer of shares between these periods. Please remember that the transfer of shares will happen in your demat account but will not be considered for the purpose of any benefit distribution by the company like payment of dividend, bonus shares etc. Above definition of book closure had its origin in the earlier system of physical transfer of shares. Continue reading »