Investment Planer

05/04/2018

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Thoughtful resolutions for Financial Year 2018-19

1. 30% of your income should be SAVED and INVESTED for your future LIVING.

2. 30 % of your income should be used for monthly living expenses.

3. 30% of your income should be used for Liabilities repayments, if any.

4. 10% of your income should be spared for charities, entertainments, vacations.

5. Six to Nine months expenses should be available for emergency fund (should be invested in LIQUID FUND, FD Etc)

6. Home must be registered and loan must be taken on both husband and wife name. (Both can get benefits on Home loan Tax benefits)

7. Buying second house for investment is not advisable (It will fetch you very low return)

8. After 45 years of age, not supposed to enter into any BIG LIABILITIES (Higher education of children and wedding of children will happen when your age is 45 to 50, so plan now for the same.)

9. Have joint saving bank account with spouse.

10. Estate planning is the most important comfort you will provide to your family when you are gone.

11. Regular check on Nominations for all financial instruments if not nominated, do it now.

12. Only in insurance policy, Claims payable to Nominee. In other financial instruments legal heirs certificate is must to get back the settlement.

13. Must have Term Insurance to financially secure future of your dependants.

14. Don’t take any financial investment decisions EMOTIONALLY, and also Avoid last minute tax saving investment decisions, plan well in advance, better to plan from April only.

15. MEDICLAIM is must (in spite of Group mediclaim coverage given at office) (After retirement there is no mediclaim coverage, after 50-55 years of age, it's very tough and costly to enter into mediclaim)

16. For your jewelry LOCKER, Only one lakh is payable by bank, if theft or fire happen at bank. Provided insurance done.

17. Similarly, Government guarantee only one lakh for your FD. (Fixed deposits with Banks upto Rs. 1 lakh only are backed by deposit insurance)

18. Must know all Tax implications. You cannot avoid paying tax. But you can minimize by way of tax planning and investments.

19. All financial documents must be kept safely and keep family members informed of the same.

20. Financial investments must be followed through a good & experienced Financial Advisor not by C.A.

21. Review your portfolio at every six months.

Last but not the least....

22. Investments Should be Goal Based

P. S. - These are general suggestions, personal Finance and investment decisions depends upon case to case.

Happy Inve$ting & Have a Healthy and Wealthy Financial Year 2018-19
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05/04/2018

01/11/2017

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Some financial tips that everyone should know:

Its not a Gyan..but its true facts

1. Avoid buying property on loans as it eats most of your earnings unless you have a clear plan for its repayment. It's important to monitor cash flow. Though, the house will be your asset, your liability will be much more.

2. Start a SIP at a very young age. Try to save atleast 15–25 % of your earnings.

3. Avoid buying a car unless you use it everyday
4. Do not let this sentence scare you. “Mutual fund investment are subject to market risk. Please read the offer documents carefully before investing”. Most people avoid investing in mutual funds just because of this one warning. Yes, there is a market risk, but look at the history and growth of #
its a planned and disciplined way of investing in Equities/debt & other Asset classes managed professionaly

5. Try having a simple wedding.

6. Atleast 20% of your wealth should be liquid so you can utilize it when necessary.

7. Considering inflation, you are actually losing money if it is in savings bank account. Do not keep huge money in savings bank account.

8. If you invest in stocks, pay due attention on the brokerage part.

9. If you invest in stocks have a separate account for delivery investment and Intraday investment. It is easy to monitor this way and also makes tax calculation easy

10. Do not have a belief that property and car make you rich. Its what you save and invest, that is important.

11. Never invest in insurance for returns. Insurance is not an investment option. It is a risk management tool and acts as a umbrella to ur family..must for any financial planning

12. Your personal life and health are the most important investment. Stay healthy and live happily..☺☺☺
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24/03/2017

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SBI service charges with effect from 1st April, 2017

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05/05/2012

Hi.... you'll get this soon