Good Indian Mutual Fund Schemes?
Question:
I would like to invest Rs. 5,00,000 contained by the Indian mutual funds. I would be grateful if you can please tell me some honourable mutual fund schemes which own given good returns for the finishing three years. I can spare this money for 7 to 10 years. Grateful for your advice
Answer:
Whatever others might enunciate, there is no holy grail here. The simply true and tested way of investing for the retail investor is to invest contained by a mutual fund SIP (Systematic Investment Plan). However, because the market is very soon trading at a 10% discount, you would be amazed that investing your Rs 5 Lakh today would yield around Rs 25 Lakh within 10 years time.
The best choices in Mutual Fund are
Franklin Blue Chip, Franklin Flexicap, Franklin Prima, HDFC Equity, HDFC Prudence, HDFC Tax Saver Fund, HSBC Equity, Reliance Growth, Reliance Vision, SBI Magnum Contrafund, Sundaram Mid Cap and Templeton India Growth
My firm insist on is NOT to enroll in any PMS (Portfolio Managment Service) scheme. These scamsters tend to desert you when the market take a dive (like in 2000 to 2003). Instead, basically research online at valueresearchonline.com or myiris.com and learn how to invest contained by Mutual Funds.
Follow the daily bulletin
Unit trust of India. undisruptive investment. no risk
Hey nice to see you are a patient investor and not a type that want to earn speedy money from market. As you hold very suitable 5,00,000 rs capital i will suggest you run for portfolio investing plans rather than investing surrounded by any mutual fund. There are many companies which provide assent running solutions like ICICI preduncial, 5paisa.com, Motilal Oswal securities. I am a live player in stock souk and know how much money you can make by investing surrounded by Portfolio management scheme. You can easily gain upto 40% returns on your investment.
So look Out for PMS ( Portfolio Management Services)
As far as I know,
SBI Mutual Fund..
even more not detrimental than UTI
But you ask every MF guy this
why not I invest in the other mutual funds
Then he will relay you the draw backs nearly others.
And Soon... you will know about adjectives the MFs
and
you will know the best one your self.
No one is permanently the best or worst.
HDFC Mutual Fund & their series of products also SBI Mutual Fund, Tata Mutual Fund & UTI Mutual Fund.
ELSS sbi magnum/reliance export tax saver/hdfc /ICICI
GROWTH ICICI DYNAAMIC / RELIANCE growth / ICICI INFRASTRUCTURE
nfo uti gold fund
call on valueresearchonline.com and find out the 5star rated funds and also find the returns over a interval say 1 yr,2yrs 3yrs, 5 years and from inception.
Good Luck
pnkmurthy@yahoo.com
Quicken or Microsoft Money?
Question:
For personal finance, which do you prefer & why?
Answer:
I like Quicken and though it easy to use. I also like it's search functions. My husband have Microsoft Money and we kept that. I find it more difficult to use and can't find things when I try to search. It is pious for all our investments and such, but I never used that function on Quicken. Oh, resourcefully, I let him do business with it adjectives as he was the one who looked-for to keep that program.
Microsoft Money, Bill Gates requirements the money.
I like Quicken. It's jammy to set up and I'm able to track adjectives of my finances with it.
I've never used Microsoft Money.
Cash grant from foreign source to US citizen - is at hand a reduce and does it hold to be reported as income?
Question:
I am a US citizen and my father (who is not a US citizen) intends to give me a change gift. Do I enjoy to report this as income (on 1040) or file some other type of document? Also, is near a limit (yearly/lifetime)?
Answer:
Gift excise is taxable to the giver, not the addressee. You do not have to report it as income, but your father may enjoy to report it as a gift, depending on how much he give you.
All transfers of funds in excess of $10,000 are reportable to the IRS.
If it is a grant, it is probably reportable on your tax return, but not necessarilly taxable income.
My checking narrative overdraft application be rejected - what can I do to become permitted?
Question:
also - how long before I attempt to apply again?
Answer:
stop writing desperate checks, and prove to the bank that you are a virtuous candidate... if you survive your money properly, then you do not stipulation overdraft protection.
How can I collect money for an emergency fund and traveling?
Question:
I currently make rather over $2500/month.
Rent = $800
College loan = $107
Timeshare = $168 (I wish I never bought it!! It's really rugged to sell.)
Credit card 1= $3000 (5% interest) Payment: $200/month
Credit card 2 = $200 (22% interest) Payment: $100/month
Credit card 3 = $97 (22% interest) Last donation: $97
Transportation = $100/month
Food = $100-$200/month
Cellphone = $60/month
By the end of the month, I am other short of money! Just looking for people who can tender good proposal b/c I don't have money to move about to a personal financial planner. Thanks in mortgage.
Answer:
I have several recommendation for you:
First, reassess your expenses. You didn't account for adjectives of what you spend on if you find yourself short at the end of the month. Are you buying coffee at Starbucks? Going clubbing? Buying movie tickets? Where is the money going that isn't accounted for?
Pay sour totally those 22% credit card debts. The interest you are paying on these accounts can be put to much better use.
Set up an automatic transaction each month to a nest egg account that pays lofty interest. Pay yourself first! The money you make is yours to keep hold of. I suggest you look at emigrantdirect.com and ingdirect.com. These financial institutions pay some of the extreme interest in the nation, near no fees or minimum balances. Surely you can put away at most minuscule $25 a month, cant you?
Finally, look at marketing the timeshare directly yourself. Depending on where it is, I'd put a free advert to sell it on multiple craigslist cities. If it is contained by Florida, for example, you might have luck within selling it yourself on a local craigslist site in Michigan or some other cold state.
Hope this help you.
I have several friends who own restaurants, their hang around staff make more than the manager on busy nights.
I would discharge off the credit cards (start near #3 completely and then #2)
Dump the cell phone. Find cheaper ways to devour. See if you can trim some from the transportation (bus, walk, coup¨¦ pool). See if you can find a deal to combine the 3 credit cards into one beside a lower interest rate, if not, give the name the companies and ask them to lower your rates. Get a roomie or find a cheaper place to live. Get a 2nd job.
Sell the timeshare, even if at a loss, take-home pay off credit cards 2 and 3, income as much as you can on credit card 1, save at smallest 10% each month first stale, so it doesn't get squandered away. Over time, store more than 10% if you can so you can save more faster.
First I would suggest you:
1. Cut up your high-rate credit cards (22% is outrageous!) & repay them off (but don't close the accounts, this could lower your credit score). Start paying dosh & save the 5% credit card for emergency only!
2. Trim your expenses (if you devour out a lot, stop, it's much cheaper to prepare meal at home).
3. Get a (temporary) part-time profession, if possible, to facilitate pay sour those credit cards quicker! You'll save a bundle within interest.
4. Look into your options on getting rid of your timeshare, especially if you don't use it. Would it be possible for you to rent it out even?
Pay yourself first is the rule of thumb. If you are not disciplined ample to do this on your own (many people aren't, myself included), own the $ taken out of your paycheck before you even see it & deposited into a high-yield hoard account (I similar to HSBC, but there are several other online funds accounts as well, these typically wages more interest than brick and mortar banks. I use to own ING which frequently offers sign-up bonuses, but HSBC pays more interest so I switched). Even if you can individual save $5 per reward period, you own to start somewhere & it's certainly better than nil!
Good luck :)
Just make a aim of getting $1000 into an emergency fund for starters. Then focus on paying off your debts.
Make minimum payments on your credit cards until you hold the $1000 saved. Also - start selling stuff if you necessitate to get the money faster.
Once you hold the emergency fund, start doing what's called a Debt Snowball. List adjectives of your debts from smallest to largest. Of your list here, that would be the $97. Take every sliver of money you can find and pay that bad, continuing to make minimum payments on the others. Then move to the subsequent one until they are all rewarded off.
Once you are free and clear of the debts, you should be capable of finish the emergecy fund and some traveling.
is it possible to own a better coincidence at in the lead the lotto if i use probability?
Question:
like rainman or some sh*t
Answer:
I ruminate it's extremely doubtful. You would have to believe that the gadget that draws the numbers is in some agency flawed. For example, if the lotto still draws ping pong balls from a apparatus that one ball is some how lighter or heavier and is more promising to get sucked up and picked. My guess is the state uses a fresh set of balls for every drawing so that type of flaw can't be exploited.
I have an idea that there is one mode to exploit it that's extremely risky and requires a lot of money, but it have been done back. Sometimes a lotto gets big ample where if you bought every possible combination you could guarantee a smash. The risk is someone else also wins and you split the pot. This strategy be done by a group of people put money on in the 90s. However, they run into trouble buying every possible combination. The lotto machines to process the lotto picks jammed at the locations they were using (they have a computer I think saturate out their millions of entries). Fortunately, I believe they won even though they didn't end up buying every number (just a total lot of them).
It'd also help if you bought a ticket!
No. Don't dissipate your time.
It's not like playing poker or something similar. Every hobby is unique. When the ball drop (have yours?) each week in attendance is absoluteley no relationship with the previous draw. The likelihood against you will always be something resembling 14,000,000:1.
no, the odds are the likelihood
the number 1-2-3-4-5-6 has purely as much of a chance as the number
7-16-21-27-32-41
The singular number manipulation that has any effect is avoiding more adjectives combinations such as those that are the same as date (birthdays are a common choice for those that play), this doesn't increase you opening of winning individual reduces the prospect that you would split the pot with others.
No, and why don't you do something smart and forget the lottery.
It's fun to dream nearly it but it will never happen to you. Take some accomplishment to build some real privileged circumstances for yourself. Not fantasy money.
Are near any 0% stability verbs credit cards beside no verbs payment disappeared surrounded by the uk?
Question:
Answer:
don't think so but when i transfered my first stability to my barclay platinum card it was free although t & c's said the excise was applicable
I dont know in the region of UK but theres like 500000000000000000000000000000 contained by the USA.
"You can apply for a Rewards Credit Card:
Reward credit cards reward you when you spend on the credit card. Normally, you can collect rewards through 3 ways.
* It involves earning lolly back on the card, it depends on the amount you spend.
* Next one involves giving points to the customers. They can be redeem for gifts like cosmetics, shoes, river heater, mobiles and other goodies which the credit card company offer.
* The last method of reward is providing airmiles. Airmiles are notably popular reward, as many customers approaching to redeem them for free flights or flight upgrades. Whatever type of reward credit card you opt for, carefully information the amount or rate at which rewards will accrue and also read carefully other vocabulary and conditions.
"
Try the Chrysler credit card, the royal bank of Scotland card and possibly Sainsburys. The Chrysler card I am convinced there is no charge I applied for one in the region of three months ago. All I think underwritten by Halifax.
Once a spouse dies are trusts irrevocale?
Question:
there is trust A and trust B the husband died contained by trust A Can trust B rewrote into a will? Or is is it irrevovable since trustee A has died? Can the wife modification her half ?
Answer:
you obligation to provide more details to the example.
If the trusts are designated as irrevocable in the begining, after if he died it would not matter b/c its irrevocable regardless. By definition, it cant be changed. If it is not designated as such, after it can be changed.
As far as your example, is the husband the trustee, owner, or beneficiary? On both trusts? If the wife has her own, after it is not affected by him at adjectives, unless he is the trustee.
still need more details.
So does this anticipate your planning something??
I think that if the husband dies it go to whomever is named as the clean trustee. Then that person can re-write the trust. But I'd check near a professional lawyer on that one as it might depend on how the inventive trust was written up.
whether a trust is revocable or irevocable (it must be one or the other) is dictated by the trust documents itself. this aspect of a trust may not be changed once it have been established (if you latter need an irrevocable after have a revocable) then you must write a foreign trust with a unmarked effective date of that trust. this surrounded by effect would be changing it but one must follow up on a trust establishment by in fact funding the trust itself( that is in fact transfering assets to the trust itself as the legal owner of the asset.)
acc bal. on 427970157?
Question:
want payoff for this account
Answer:
why would you post your acct number on a glorious traffic website such as yahoo?
what is the loan balance and interest rate. A lot of info is needed. Ask the register holder.
It isn't good posting your personal narrative on a public site like this. It might be hack or robbed.
Did you mean to post this to your wall?
Which is the best plan?
Question:
Which is the best plan for someone that wants to earnings an exsorbant amount towards the princeible every two weeks and hopefull have the house salaried off surrounded by 18 months or less
The aim is to save as much money as possible!
5/1 Arm (leaving room to breath lately in case)
Simple Intrest
Regular 30 year @ 6.5%
or anything else ya'll can enlighten me!!!
Answer:
Find an amortization table that will allow you to input extra principle payments. That way you can run adjectives sorts of possibilities to find the cheapest way to stir.
Try to put as much as you can, as soon as you can, against the principle. You'll save more money that process. If you do find a schedule, try figure out what an extra 100 a month against principle will save you . Now try equal thing, but this time integer putting the 1200 against the loan in January. See the difference? Good luck
You can bring back loans easily.Bad credit? No problem.I presume the below website helps you.
I'm on track to hold $1 million within investments by the age of 30. Will I hold to work anymore?
Question:
Answer:
Maybe, maybe not.
Inflation will guzzle away at your buying power especially if you live on to 90 or so.
Also your living costs today will not be the same surrounded by 30 years. Healthcare costs, the economy, living standards, adjectives of these things can change.
Try the free 40-year investment calculator at the URL below and plug contained by your numbers. See if you like what it tell you.
Good luck!
To keep it simple, Think of it this style, since the NYSE opened, it have had a return of 7%. So embezzle you million dollars and gain an average of 7% per year on it and live on the interest, which is $70k. If you can live on 70k a year then you wouldnt enjoy to work anymore
Figure $5 million to retire.
That's not a lot of money
1 million is not profusely of money...well...not to retire onI wouldn't retire for anything beneath 20 million
well, biddable for you!
It depends on your expenses. If you can live on 30K a year(gross), you might be able to do it. This also is not including your principal residence.
Your best bet probably is down-shifting fairly than retirement at such a young age. Try working quantity time at what you think your spending plane will be. If you are able to work things out, you furnish your money another couple of years to grow, and can feel more confident next to your plan. If you have to dip into your hoard, then you might necessitate a few more years of working.
The big risk I see in your situation is getting medical coverage contained by your old age(or possibly even middle). You should particularly talk to a financial tutor who has experience contained by clients with massively early retirements.
Yes you will. Simple. A) Healthcare is not provided when you're on benefit. B) You are spending more than you earn of you cash contained by investments. C) Recreation is always expensive and unless you play computer games adjectives day and own no friends and not sure what the sun looks like... you may winding up up wanting to go on break. D) Marriage and children. Compounds your money problems beyond recognition.
No means of access you can live on $1 million unless you plan to never get involved next to a person or spend money. Also if by some horrible external circumstances, you become ill - expect the hospital to efficiently grab $250,000 for a life-saving surgery and doesn`t matter what other procedures you need. Keep your opening, PLEASE. Keep your investment strategy strong. With this you will have adjectives points covered and you can live a GREAT life next to lots of ease. You can work an glib paced charge so long as you have healthcare. Good luck and I desire I knew your strategy. I desire I knew.
You should hold at least $4 million surrounded by liquid investments beforehand you think something like retiring at your age. Since you are probably counting your house as a large subdivision of your $1 million, you're no where to hand where you involve to be. Then again, if you're talking give or take a few retiring at 30, it sounds like you can`t stand your job...$1 million is a biddable cushion for trying a new trade.
What would the total amount of interest be collected on $67,000 plus 4% simple interest after 4 1/2 years?
Question:
Answer:
when compounded $67,000 @ 4% for 4.5 years would be worth $80,189.56 so the inerest wound $13,189.56
1 st year = 2,680.00
2nd year = 2,787.20
3rd year = 2,898.69
4th year = 3,014.64
4.5 year = 1,567.61
total = 12,948.14 simple interest only
You freshly won 20 million dollars US. What will you do surrounded by the first 3 days after study this?
Question:
Answer:
Hire a reliable financial planner, divide the money equitably among my responsibilities, plan a well deserved time off and search for a righteous business in something I soak up doing. That would probably take at tiniest 3 days.
Make sure it doesnt get stolen
buy a house cars and collect andruw jones
first 3 days huh?...probably wouldnt make any genuine serious decisions, pass it time to all sink contained by..i think ego tell adjectives my close friends my good fortune, plan a nice cruise probably to take everyone on...fun to dream anyway huh? ..perchance id ask my husband if he married me a short time ago for my money..hahahha..oh one thing self do for sure is go into work in the order of 4 hours late next to a real smirk on my facade, the first person to even look sideways at me or speak a word about my delay, id guffaw n say, fine i quit, im not taking this sh^^ any more..lol
I'll be contained by Las Vegas for a bit to unwind.
Find and hire a great financial planner!
I guess the first thing I'd do is verify it.
Then I'd help yourself to steps to keep it as much a underground as possible, identify the charities I want to give to (so when scammers try to receive to me later, I can articulate with a clear conscience, "No, the money have already been allotted.") and determine how I want to fund my retirement and my children's college and first homes.
I doubt I'd gain it in one big chunk, so I think it would help yourself to a lot of planning.
Tell my daughters and family to be quiet, but be prepared to relocate. Leave town for a few weeks.
1)Get a lawyer(I know or was recommended to)
2)Get a financial manager(same as above)
3) Find something to invest something like 1/4 to 1/2 of it so I dont spend it all.
4) Put the match in a trusted ridge
5)Tell only whom I perceive would not go nuts over it and want some too.
What a wonderful article it would be to do what you want without any worries of $$$$ issues
Hire a contract legal representative and an accountant
Seperate it out.
$13 million set aside for taxes adjusted subsequent.
$1 million for a house (the houses where I live average $640,000).
$2 million surrounded by 30 year U.S. bonds for retirement
$2 million to live on (food, clothing, bills)
$2 million to family
oh god...20 million...i in recent times plan to world tour..
Go see a qualified estate and tax attorney.
I believe the federal minimum wage bill passed within the House and surrounded by the Senate. When will it become a statute?
Question:
Answer:
Hasn't passed the senate
It already has become a ruling as of January 1, 2007. At least thats when Ohio's canon went into effect. Each year the minimum wage will increase by the rate of inflation for the prior 12 months. If the rate of inflation is 6% within 2007, for example, the minimum wage will increase to $7.26 in 2008.
Can anyone provide a catalogue of companies that traditionally increase their dividend annually (e.g. Citigroup)?
Question:
Or possibly a link to a website that would hold that information?
Answer:
Try looking at these:
Sysco
Liz Claiborne
Johnson & Johnson
Wal-Mart
Hormel Foods
Procter & Gamble