For the most part, the best way to keep motivated is to make your resolutions as structured as possible. No matter where you are in the broad spectrum of financial security, it’s important to always keep track of where you are and where you want to go. The following tips can help you make 2014 […]
Insurance
Inflation Indexed Bonds (IIBs)
1. Inflation Indexed Bonds (IIBs) were issued in the name of Capital Indexed Bonds (CIBs) during 1997. How is the new product of IIBs different from earlier CIBs? The CIBs issued in 1997 provided inflation protection only to principal and not to interest payment. New product of IIBs will provide inflation protection to both principal […]
Do not let your Dream House become a Nightmare!
In the current scenario, everyone is in a rush to buy a dream house. There is nothing in wrong in doing so, provided you follow a simple checklist: Is house an asset or liability? The notion that a house is an asset is prevalent since many generations. It is a myth that is pushing people […]
Are you a Ant or Grasshopper
Remember the story of the ant and the grasshopper? The ant worked hard all summer, gathering wheat grains to store for winter. And the grasshopper? He just hopped around, enjoying the sunshine and laughing at that sweaty ant. Well, once winter hit, the grasshopper wasn’t laughing, but was cold and miserable and hungry. And the […]
REC Tax Free Bond – Issue Details
Issue Details Issue Opens On : Friday, August 30, 2013 Issue Closes On : Monday September 23, 2013 Rating : “CRISIL AAA/Stable” by CRISIL, “CARE AAA” by CARE, “IND AAA” by IRRPL, “[ICRA] AAA” by ICRA Interest Rate for Retail : 8.26% p. a for 10 years 8.71% p. […]
Delays are costly in retirement planning
Whether or not you make other New Year resolutions, here is one you should make. Don’t postpone savings or investments. The new urban lifestyle has made people more prone to spending than to saving or investing. With India Inc prospering and young professionals getting handsome packages, people today are financially independent at a younger age. […]