Transfer of shares??
Hi All,As share market is down for ending couple of days so thought of buying of few shares of some good companies. But the problem is i dont own demat account and want to really invest for long permanent status basis presently. I asked to one of my friend to invest for me but once i get my demat explanation then how can i verbs those shares to my account??
Please assist me regarding this and guid me for which shares to buy for my 50k asset??
Answers: u can
i repeat u can xfer the shares from one a.c to another
once the unusual a.c is active u can simply ask ur friend to xfer the funds to ur a/c.
interested an account next to E*Trade or Ameritrade. it is opened without hesitation and then don't dance through anyone else...
i would hold off though. see where on earth this market is going... today will be extremly devastating and it could acquire worse...
I suppose you are talking give or take a few the Indian stock market. I do not suppose you can transfer it between accounts. Please check this beside your demat company.
As far as stock picks, go beside large sou`wester stocks. ICICI, SBI, DLF, ONGC would be some of my picks.
Do you know dowjones adjectives stock souk rate live can be see on which site ?
Do you know dowjones future stock souk rate live can be seen on which site ? Can you mention site mark! PlzAnswers: You have to income for live futures quotes (except on the CME, which has MyCME. You can carry live S&P futures quotes there).
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I have 40% of my check go into my 401k. This amount is divided among 6 funds. Should I lower the percentage?
Answers: There isn't anything wrong with investing 40% of your income into your 401k, and it's going to be great for you and you will probably be able to retire early.
However, there are some other things you might want to do before you invest that much money into your 401k. If you have any debts (credit card, auto, student loans, etc) it would benefit you more in the long run to pay all of those debts off.
If your 401k is the only investment that you are making, you should take some of that money and diversify it. Make sure you have at least 6 months worth of cash that you can get to without being penalized. Have a good cushion in your savings account too - it would depend on your lifestyle, but I like to have $5,000 in cash available for emergencies. That way, if my car blows up I can afford to have it fixed right away and pay for a rental in the meantime.
You might also want to look into other investments - some bonds, a Roth IRA, maybe a few CDs, etc. There is nothing wrong with investing 40% of your income at all, but don't put all of your eggs in one (difficult to tap / highly penalized) basket.
how much debt do u have?
pay the debt off for the best/safest roi .
have energency funds, sixmonths of liquid funds for layoff downsizinf fireing?
all do then keep the 40 going in.
The problem with a 401K is the money is not readily available (without significant penalty) should you need some cash.
Typically the best part of a 401K is the employer matching contribution - after you've reached that point - the benefit declines significantly. I would take the amount above that and put it in other funds that you control and manage, and won't hurt if you have to take some cash out.
Most of the time you only want to contribute what your employer matches to a 401k. Usually that's only up to 10% of your salary. Put the rest of your investment into a Roth Ira. This grows tax free. I think you should make sure the 6 funds you are invested in are diversified. Some high risk and some low risk. The other thing is to make sure you don't go over the maximum contribution for the year. In 2008 it will be $15,500. (If almost half of your salary is going to your 401k then you might be close.) I am wondering how you are managing to have so high a percentage of your salary go to retirement. I would just go with the employer match if I were you. Get a Roth Ira and all your money will grow tax free.