In this month’s Top Picks series we’ll take a look at investing in gold through Gold ETF and particularly GoldBeEs, the gold ETF from Goldman Sach. You should understand the investment objective behind gold ETF and what gold ETFs are first and for that please refer to my article http://www.planstoprosperity.com/personal-finance-basics/invest-gold-etf/. Here are the current facts [...]
As one start their earning life, they become aware of their financial responsibilities in the true sense. Although one doesn’t have any dependents in the early part of their career, financial security, nevertheless is always a necessity. However, apart from the bank’s Savings Account, they rarely venture out and open some of the absolutely-must financial [...]
With the tax season in peak, today let’s see how we can save taxes through Infrastructure bonds. First let’s understand, what Infrastructure bonds are all about? These are bonds issued by various government and private companies to the general public with fixed interest rates for the purpose of developing the basic amenities of the country [...]
Rajinder Sharma, a young call center executive from Mumbai, got a call in his cellphone one fine day from a MNC. The sweet female voice asked whether he would be interested in a wealth creation plan that offers guaranteed returns of 15% per annum. Rajinder, earning nearly Rs.30000/- per month, was always wondering about how [...]
With tax-season just around the corner let us discuss about a tax-saving instrument with which you can reduce your tax burden – Tax-Saving Fixed Deposits. Here are the common features of a Tax-Saving Fixed Deposit: These types of Fixed Deposits are offered only by banks. For joint accounts, tax saving will be allowed only to [...]
Drafting a Will is a vital step in Personal Finance. I would say that it is as important as taking an insurance policy, because both are the tools to protect our loved ones from facing any financial hurdles in our absence. Yet, due to our busy schedules, lack of awareness or out of pure laziness, [...]
Everybody’s talking about the Non-Convertible Debentures (NCD) these days with more and more companies coming out with these. In here I will discuss about NCD with an eye on the latest offering from Muthoot Finance Limited and whether one should consider it as an investment or not. So, what is a Non-Convertible Debenture? Well, these [...]
The holiday season is round the corner and it is that time of the year when we look forward to take a break from the daily grind. It is also a time to prepare our home for the festive season. We clean the junk and dirty places before welcoming it with new furnishings and other [...]
Post Office Monthly Income Scheme (MIS) is generally regarded as an investment option for retired people. This is so because, the scheme offers a guaranteed monthly return of the interest earned, which to a retiree is good, as it gives a steady monthly income, like a job. However, is MIS suited only to the retired [...]
We all know that Fixed Deposits offer a guaranteed growth of our money among a handful of other saving avenues, such as various Post Office schemes like PPF, MIS, KVP, etc. But what makes us turn to Fixed Deposits as preferred saving avenue are because of 2 facts: The returns are guaranteed and the [...]
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