tag:blogger.com,1999:blog-27657491951077233682024-03-18T19:58:37.421-07:00My Tips Towards WealthyA Personal Wealth Management Blog.GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.comBlogger48125tag:blogger.com,1999:blog-2765749195107723368.post-31274650179073761662012-03-27T02:47:00.001-07:002012-03-27T02:50:44.758-07:00How to buy e-Gold<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="http://aux.iconpedia.net/uploads/1155187731367929663.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="http://aux.iconpedia.net/uploads/1155187731367929663.png" width="200" /></a></div>
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Here are the steps to buy and accumulate e-Gold.<br />
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1) Go to a commodities broker office like Hedge, Sharekhan etc.<br />
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<a name='more'></a><br />
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2) Sign the forms for starting DP in NSEL.<br />
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3) Carry original passport , 2 photo, PAN card and Named Cheque of Rs 450/-<br />
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4) If we need online access carry your laptop and the staff will install and configure ODIN Diet software or may give you software CD. This helps us to buy / sell e-Gold ourself.<br />
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5) Within one week we will get user name and password via email.<br />
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6) Enjoy and start accumulating e-Gold.</div>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com151tag:blogger.com,1999:blog-2765749195107723368.post-47927348050791556552011-05-30T22:14:00.000-07:002012-08-06T01:22:13.498-07:00How to start Mutual Fund - Part 2<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEix7dmecft6sypsZ5aJJiSdhSRqcPjQoU8AK_WT3B46_ws_zPsNhJ7OLbA-8MzoTJzMKRYzbcrxE0bZnhNbVcFNv2HSQ79Bmjgrt3BIgUA8gTQTGcJMbP_CSoJkeIqJDyTteYO_7DUr3Cs/s1600/MFInv.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="133" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEix7dmecft6sypsZ5aJJiSdhSRqcPjQoU8AK_WT3B46_ws_zPsNhJ7OLbA-8MzoTJzMKRYzbcrxE0bZnhNbVcFNv2HSQ79Bmjgrt3BIgUA8gTQTGcJMbP_CSoJkeIqJDyTteYO_7DUr3Cs/s200/MFInv.jpg" width="200" /></a></div>
Today i would like to mention about few easy and cost effective method to start a Mutual Fund. Those who haven't read my previous post about the same topic can read in the following link. <a href="http://mytipstowardswealthy.blogspot.com/2010/09/how-to-start-mutual-fund-investment.html">http://mytipstowardswealthy.blogspot.com/2010/09/how-to-start-mutual-fund-investment.html</a><br />
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1) As mentioned in Part 1 select the best Mutual Fund based on star rating from the site <a href="http://new.valueresearchonline.com/">http://new.valueresearchonline.com/</a><br />
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<br />
<a name='more'></a>2) Next download the MF application forms from the AMC website.<br />
<b>2.1) SIP registration form<br />
2.2) ECS registration form<br />
2.3) Online account request form. </b><br />
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3) Next fill up these forms completely. Attach a cheque with first installment [ or even a cancelled blank check ] for the purpose of ECS registration with you bank<br />
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4) Attach photocopies of KYC Acknowledgement letter, PAN card and Passport.<br />
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5) Send all the items to CAMS via regular post. You can get the CAMS address from the following link.<br />
<a href="http://www.camsonline.com/CAMSServiceLocations.html">http://www.camsonline.com/CAMSServiceLocations.html</a><br />
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Thats it, no need of even going to the CAMS office.<br />
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6) If you are sending first installment as cheque you will get a confirmation SMS and e-Mail within one week from the AMC.<br />
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7) After 30 days your SIP start working. In case of any issues AMC will call and ask for resending any of the forms. So be cautious while filling the forms. Dont leave any of the items in the forms typically <b>PAN card number, Nominee details, Bank account number, check number, E-mail ID, Signatures, and even the Bank IFSC codes, SIP start date, end date, mobile numbers etc.</b><br />
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<b>Happy Investing !! </b></div>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com28tag:blogger.com,1999:blog-2765749195107723368.post-8406950831774020942011-01-28T02:08:00.000-08:002011-01-31T20:32:00.137-08:00How to get KYC Status VERIFIED ?<div dir="ltr" style="text-align: left;" trbidi="on"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUMlBijd-5FDHPxMr5DczLwG4aT7c74AHqBNhqeb0KRGo1K5I6VbZUsuNyWJ8FExTFjlnB30uXcdi9_tgDbJ5d1gvKIyn0qfFuzfteyb2Iyayrg2PfD9tHnR4Mi2f3Mcd8dntP9m41dy4/s1600/KYC2.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUMlBijd-5FDHPxMr5DczLwG4aT7c74AHqBNhqeb0KRGo1K5I6VbZUsuNyWJ8FExTFjlnB30uXcdi9_tgDbJ5d1gvKIyn0qfFuzfteyb2Iyayrg2PfD9tHnR4Mi2f3Mcd8dntP9m41dy4/s200/KYC2.jpg" width="185" /></a></div>From January 1, 2011, it is mandatory to be KYC [Know Your Client] compliant to start new SIP/STP or do any additional purchase of mutual fund units as per the circular issued by SEBI. Here are the formalities to complete the KYC procedure.<br />
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<br />
1) Download the KYC form from the following link<br />
<a href="http://www.cvlindia.com/downloads01.html">http://www.cvlindia.com/downloads01.html</a><br />
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<a name='more'></a><br />
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2) Enter all the details required in the KYC form.<br />
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3) Attach a copy of the PAN card and Passport.<br />
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4) Find the nearest Point of Service [PoS] which accept the KYC form and documents. You can get a list at the following link<br />
<a href="http://www.cvlindia.com/include/excel/POS%20List%20for%20AMFI%20Website1.xls">http://www.cvlindia.com/include/excel/POS%20List%20for%20AMFI%20Website1.xls</a><br />
<br />
5) Visit the PoS and submit the following<br />
5.1) Original KYC Form with Photo and Signature<br />
5.2) Original PAN + Passport<br />
5.3) Copy of PAN + Passport self attested<br />
<br />
6) Collect the Acknowledgement Slip from the PoS. This is how a KYC acknowledgement letter looks like<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEia5CfkmzCzthfhu9aWJfeNgbAFQT3NUxUEj4lrNP5DYYUsJOp8K70ApjGp5-5RjAgFGYKvQSHEHn3Qj869avwx5i0i4lwf2RFYbkDUgZ9BOODaaTHQdY3bgXedszlJHsMpTByBACam8Gc/s1600/scan0001.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEia5CfkmzCzthfhu9aWJfeNgbAFQT3NUxUEj4lrNP5DYYUsJOp8K70ApjGp5-5RjAgFGYKvQSHEHn3Qj869avwx5i0i4lwf2RFYbkDUgZ9BOODaaTHQdY3bgXedszlJHsMpTByBACam8Gc/s400/scan0001.jpg" width="290" /></a></div><br />
<br />
7) Now keep checking the following website<br />
http://www.cvlindia.com/<br />
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8) It may take one week to get the "DOCUMENT YET TO RECEIVE" status.<br />
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9) It may take one week to get the "PRESENT IN PROCESS" status.<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGaet6PsaJdKdean564mXRU0UiHWE7V7GE5FIhjTP54wz2CbYtkoqazNGrD2iEb7d5zp5iFq0gjZYMDum3CytaaHp35c0PcuD3hGO2eX0rWkngGTKQ9_K2uzhhq6Hub16XrUhaBrIEFGo/s1600/kyc+1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGaet6PsaJdKdean564mXRU0UiHWE7V7GE5FIhjTP54wz2CbYtkoqazNGrD2iEb7d5zp5iFq0gjZYMDum3CytaaHp35c0PcuD3hGO2eX0rWkngGTKQ9_K2uzhhq6Hub16XrUhaBrIEFGo/s320/kyc+1.png" width="280" /></a></div><div class="separator" style="clear: both; text-align: center;"></div><br />
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<br />
10) It may take two more week to get the "PRESENT UNDER VERIFICATION" status.<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT9MedpqCCSnMrXAbnm04djtPhUk5wh7Ef7L7vXmJrbP6JzGJwFa9vXE8KeBltPZIqLgW3R1q7IU0U_73eEEFjd26AieFlP95GVBd8quHqMlp4CQsQdKHS0_6L_9zN_MhLur1uUwi_O70/s1600/kyc+2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT9MedpqCCSnMrXAbnm04djtPhUk5wh7Ef7L7vXmJrbP6JzGJwFa9vXE8KeBltPZIqLgW3R1q7IU0U_73eEEFjd26AieFlP95GVBd8quHqMlp4CQsQdKHS0_6L_9zN_MhLur1uUwi_O70/s320/kyc+2.png" width="274" /></a></div><br />
11) Then one more week to get the VERIFIED status<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjX0EYCRrbqo4_-HPa4MX2dSiSJNSjOpeN14AqaEgDPIs_eg1LTIeUqDO1WDlXYJuyMQlsCVIp3v1pdwT7Sml9sPV0VpyNuMbl91D9NTeD1wp91pajeYPcLkCHehUZuGKJ0Nb760D2jv7M/s1600/kyc+3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjX0EYCRrbqo4_-HPa4MX2dSiSJNSjOpeN14AqaEgDPIs_eg1LTIeUqDO1WDlXYJuyMQlsCVIp3v1pdwT7Sml9sPV0VpyNuMbl91D9NTeD1wp91pajeYPcLkCHehUZuGKJ0Nb760D2jv7M/s320/kyc+3.png" width="273" /></a></div><div class="separator" style="clear: both; text-align: center;"></div><br />
12) Once you are KYC verified just inform the fundhouse like HDFC/Reliance via e-mail that you are KYC compliant. Now they will update your KYC status and will allow you to do transactions of mutual fund units as usual. Happy Investing.<br />
<br />
<br />
</div>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com70tag:blogger.com,1999:blog-2765749195107723368.post-23795845217715357552010-11-11T01:29:00.000-08:002010-11-11T01:35:12.369-08:00How to download facebook videos<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4HOXI78gD3XI4HvrcbNJDajiMJm4uTUkaaeZR95AmQcSPVDOAHjxD0U1_OQ_7798ZY6d4Qpf1-Wn6rCGTQ9YYsyx-CCA_G4isTvUjlb8j8JTQyBAkfQndRaXqnlPE6nU48EqIBz5LNwk/s1600/download-facebook-video-400x231.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="115" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4HOXI78gD3XI4HvrcbNJDajiMJm4uTUkaaeZR95AmQcSPVDOAHjxD0U1_OQ_7798ZY6d4Qpf1-Wn6rCGTQ9YYsyx-CCA_G4isTvUjlb8j8JTQyBAkfQndRaXqnlPE6nU48EqIBz5LNwk/s200/download-facebook-video-400x231.jpg" width="200" /></a></div><br />
Just do the following steps<br />
<br />
1) Download the Mozilla Firefox addon Greasemonkey from the following link.<br />
<a href="https://addons.mozilla.org/en-US/firefox/addon/748/?application=firefox&id=748">https://addons.mozilla.org/en-US/firefox/addon/748/?application=firefox&id=748</a><br />
<br />
2) Restart Mozilla Firefox Browser.<br />
<br />
<a name='more'></a><br />
<br />
3) Install the Facebook video script from the following link<br />
<a href="http://userscripts.org/scripts/show/9789">http://userscripts.org/scripts/show/9789</a><br />
<br />
Once you have played the video, you can have multiple options in the facebook video page as follows<br />
<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3DwFJ7UqJxM_n0F-2k9nk-CXVvZmprtjj_T2aZV6vxHXm_louXVDv02cve90TINbVlN4W5r89gT2Jn4tb5wq3Kx6jD3BMRDVQ4nchSB6cnSEwjYKwB5Iyi8wFVC6oiwzCLh5aAf_hu84/s1600/Image+6.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="168" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3DwFJ7UqJxM_n0F-2k9nk-CXVvZmprtjj_T2aZV6vxHXm_louXVDv02cve90TINbVlN4W5r89gT2Jn4tb5wq3Kx6jD3BMRDVQ4nchSB6cnSEwjYKwB5Iyi8wFVC6oiwzCLh5aAf_hu84/s400/Image+6.png" width="400" /></a></div>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com3tag:blogger.com,1999:blog-2765749195107723368.post-76280836469479631842010-10-28T23:57:00.000-07:002010-10-29T00:00:16.969-07:00Paste a picture in GmailFirst we need to enable the Insert Image Feature in Gmail. For that<br />
1) Go to Settings->Labs->Inserting images.<br />
<br />
2) Set the Enable Option.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEii_ek65L-7yqBIvHPr2eUMNfhC1YYY5YqRHK9ZpCPz7iD1O7pW9TrXZpHHo2OrRAN2FAj7L4sfmAfm8xX7vAXMQpPDK3KCYaRrxW9mWtSd_tFtL1zXQ_aDP0lt7J-Bz1PDECt36eosoRQ/s1600/Insert+Image.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="157" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEii_ek65L-7yqBIvHPr2eUMNfhC1YYY5YqRHK9ZpCPz7iD1O7pW9TrXZpHHo2OrRAN2FAj7L4sfmAfm8xX7vAXMQpPDK3KCYaRrxW9mWtSd_tFtL1zXQ_aDP0lt7J-Bz1PDECt36eosoRQ/s400/Insert+Image.png" width="400" /></a></div><br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
3) Save Changes.<br />
<br />
4) Now you can see the new option Insert Images while composing a new Mail.<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBg0zHgh-3IRkkl-cyYzPABbEPCny0tcDDpzgBLqEXrUQtcg91aTYoU34uQqFxnKdfxhek6ECDXxgYCAxcuLqb57-FnuWzfT35ruALus8oRipDUiKevWK5wjF0-FGUKAfkTCTUofaypRQ/s1600/Image+8.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="152" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhBg0zHgh-3IRkkl-cyYzPABbEPCny0tcDDpzgBLqEXrUQtcg91aTYoU34uQqFxnKdfxhek6ECDXxgYCAxcuLqb57-FnuWzfT35ruALus8oRipDUiKevWK5wjF0-FGUKAfkTCTUofaypRQ/s400/Image+8.png" width="400" /></a></div>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com5tag:blogger.com,1999:blog-2765749195107723368.post-17153315313069204312010-10-28T21:41:00.000-07:002010-10-28T21:41:42.948-07:00Free PDF Editor + PDF Exporter = Open Office<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0gDHQ24nLkogKxg3lzsDa186eJ-1U-FYGDvxgtRTxTXBESfroko6ys7-RdOeXp0bk_W5c49HjF2gJnHM_7giLpmH4Q0fhqHob9a0LUyha0YRGxw9EQ8E1KHqX2Nrkl6LfItOan9xgHxc/s1600/PDFimport_150.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><br />
</a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYy9oSULmtW_kg7skOJ0jSTLCzdeH5DVA57lUa7HyZhh-Lo60KNmWPc9PcrEE1Lpo0f7mo4SRYN9s60fS_yia0GxuuXA4nP-0AO_gPpOiXW-PhFzOM8pLPBFpmrxmxQQ1RezHkx-fOwzg/s1600/Open+Office.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="122" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgYy9oSULmtW_kg7skOJ0jSTLCzdeH5DVA57lUa7HyZhh-Lo60KNmWPc9PcrEE1Lpo0f7mo4SRYN9s60fS_yia0GxuuXA4nP-0AO_gPpOiXW-PhFzOM8pLPBFpmrxmxQQ1RezHkx-fOwzg/s200/Open+Office.jpg" width="200" /></a></div> Most of us are using .pdf format files on a daily basis. Usually we are depending on Acrobat Reader for reading PDF Files. But when we want to edit a PDF file we need the professional version of Acrobat reader. If you cannot afford a professional version of acrobat reader this article is just for you.<br />
<br />
I have been using Open office for the last two years. But today only i came to know about the PDF import extension available in Open Office. Here are the steps to prepare your open office to edit a PDF File.<br />
<br />
<a name='more'></a><br />
1) Download latest Open office from <a href="http://www.openoffice.org/">http://www.openoffice.org/</a><br />
<br />
2) Download PDF Import extension from <a href="http://extensions.services.openoffice.org/project/pdfimport">http://extensions.services.openoffice.org/project/pdfimport</a><br />
<br />
3) Install Open Office and PDF Import extension<br />
<br />
4) Restart your computer.<br />
<br />
5) Now Try to open a PDF File via File->Open.<br />
<br />
You can download Open office and PDF extension for Windows, MacOS, Solaris and Linux. I tried and found this option to be the best free PDF editing Tool.GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com2tag:blogger.com,1999:blog-2765749195107723368.post-45129466594928537312010-10-15T00:21:00.000-07:002010-10-15T00:21:45.703-07:00Best Free Screen Capturing Tool - PicPick<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkC7Qp4uwe2fD29gPFFx1wB96ruTRq-dSXiXtpFMc-4Q23bMvdnU6MI135HheU9i2rWvSFpqyn7iJzJ50CcUpDGknetluk-hQnkyc3ssnaWjSM25a08IwIyTsQAlvCZXvgB6EZFOy92i8/s1600/images.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkC7Qp4uwe2fD29gPFFx1wB96ruTRq-dSXiXtpFMc-4Q23bMvdnU6MI135HheU9i2rWvSFpqyn7iJzJ50CcUpDGknetluk-hQnkyc3ssnaWjSM25a08IwIyTsQAlvCZXvgB6EZFOy92i8/s1600/images.jpg" /></a></div> Do you need an all-in-one program that provides<br />
1) Screen capture tool<br />
2) Intuitive image editor<br />
3) Color picker<br />
4) Color palette<br />
5) Pixel ruler<br />
6) Protractor<br />
7) Crosshair and even a whiteboard.<br />
<br />
as freeware for personal use. Then <a href="http://picpick.wiziple.net/" target="_blank">PicPick</a> is for you. PicPick is full of features and also user friendly for creating snapshots, which is very useful for software developers, graphic designers and even home users.<br />
<br />
<a name='more'></a><br />
<br />
It can support support Windows 7 and also no registry, or any access to system folders and can even carried in a USD Drive<br />
<br />
<br />
You can see a Quick Demo of various features here.<br />
<br />
<object height="344" width="425"><param name="movie" value="http://www.youtube.com/v/AI1TP2BOH0o?hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/AI1TP2BOH0o?hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com8tag:blogger.com,1999:blog-2765749195107723368.post-40662044938214423892010-10-14T03:59:00.000-07:002010-10-14T04:03:23.091-07:00Free screen recording tool - Expression Encoder<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUgssFjA3ClvJqauKsT3jVrWJlZNJQzTO8ZhKT34jqVfRXRgcJO0A_geFOVMxmNhFb3pKF7WUDfVkPCbguI6u7YQRYKBOuQqimT0NRe4J0wNsVEyw2JByrLCKdfTpAUYdLOK3ya9m6a9A/s1600/Image+5.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="113" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUgssFjA3ClvJqauKsT3jVrWJlZNJQzTO8ZhKT34jqVfRXRgcJO0A_geFOVMxmNhFb3pKF7WUDfVkPCbguI6u7YQRYKBOuQqimT0NRe4J0wNsVEyw2JByrLCKdfTpAUYdLOK3ya9m6a9A/s320/Image+5.jpg" width="320" /></a></div><br />
Do you want to prepare a video tutorial in Windws?<br />
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For that you need a goo screen recording tool. One of the best screen recording tool i came across is Microsoft Expression Encoder and it is can be download for FREE. This tool is really great to produce high quality screencast videos.<br />
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We can download <a href="http://www.microsoft.com/downloads/details.aspx?FamilyID=75402be0-c603-4998-a79c-becdd197aa79">Expression Encoder</a> from the Microsoft website. You may need Microsoft .NET 4 to finish the installation.<br />
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The Expression Encoder comes with an excellent screen capturing application. This is how the Expression Encoder Screen Capture Looks like.<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMPmsTYT7BpLDuWVRNEdd72E2I1Ma5YCBcCKEgXl5tZ2qhCOXUM3vWP6YjOBu8DevKqEHbXZiCtQrLsd5SvLIjxD1PLCPaZVJLA4IH_dL4suTb-2Ipj_P-fu78tqcSBJ3EsKVVT-x7__Q/s1600/Image+3.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="306" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMPmsTYT7BpLDuWVRNEdd72E2I1Ma5YCBcCKEgXl5tZ2qhCOXUM3vWP6YjOBu8DevKqEHbXZiCtQrLsd5SvLIjxD1PLCPaZVJLA4IH_dL4suTb-2Ipj_P-fu78tqcSBJ3EsKVVT-x7__Q/s320/Image+3.jpg" width="320" /></a></div>Once you finish recording, the screen capture will give the output in the *.xesc format. You can play this file using windows media player.<br />
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If you want to publish this file, you need to convert to *.wmp file. For that just select that file in the screen capture and click send to encoder. Now the file will be opened using the Expression Encoder.<br />
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In the Expression encoder you have various options like Encoding Formats, Video Enhancements like visual Overlay where we can put even a logo. Here is a demo how to put a logo using Expression Encoder.<br />
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<object height="344" width="425"><param name="movie" value="http://www.youtube.com/v/dcv5BIzCZZQ?hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/dcv5BIzCZZQ?hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com0tag:blogger.com,1999:blog-2765749195107723368.post-18212402859031312662010-10-13T06:10:00.000-07:002010-10-14T02:15:16.659-07:00Want to Draw on a Web Page ?<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCPZ17uYb-s6msuCvmPRJFkJwH5NutulIAs8LgQ3cIl705yo9WRE_alaS1KaNzpgB1INB87C1t-MYYQtPZP-H4MjXApyipDog6mVQ4pDlI4hQmPjFMcQTaSzINS06GihIstTBU5V3E_Hg/s1600/markup.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="108" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCPZ17uYb-s6msuCvmPRJFkJwH5NutulIAs8LgQ3cIl705yo9WRE_alaS1KaNzpgB1INB87C1t-MYYQtPZP-H4MjXApyipDog6mVQ4pDlI4hQmPjFMcQTaSzINS06GihIstTBU5V3E_Hg/s320/markup.JPG" width="320" /></a></div><br />
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Do you ever thought of sharing webpages with the interesting pictures or write ups beight marked using a big circle or pointing via an arrow. Here is an excellent tool to do this,<a href="http://markup.io/"> Markup.io</a><br />
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<a href="http://markup.io/">Markup.io</a> is a free service that help us to quickly write text, draw circles, arrows, line on any webpage. To install <a href="http://markup.io/">Markup.io</a> just go to the website and drag the tool into our browser's bookmarks toolbar. Now you can click on it anytime while viewing a webpage to select the proper tool and start drawing and commenting on that page.<br />
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When its done we can share it with others by clicking publish. Publishing will creates a screen capture of the page with our drawings and comments. That screen capture is assigned its own unique url that can direct others to the modified page.<br />
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After completing your editting you can can switch back to your original page. You can watch a quick demo here.<br />
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<object height="344" width="425"><param name="movie" value="http://www.youtube.com/v/BBcgxiGEbB4?hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/BBcgxiGEbB4?hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com0tag:blogger.com,1999:blog-2765749195107723368.post-82350091176319496212010-10-11T06:47:00.000-07:002010-10-11T06:47:36.986-07:00Starting by renting when you move to a new city is defeat ?<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEix5HkqXs3NJX6dqkp4NysJMEeoUdagvZ7IqjHJfIrijfACbYeno_V8qBtJfTjMpeLMGlx9CmQYByuxdFgF-yCLPTE2atbI-0-jE75Wam2VBTAs5PYGj6SOC-hopOoShM_GmxfedQBMX5E/s1600/index.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEix5HkqXs3NJX6dqkp4NysJMEeoUdagvZ7IqjHJfIrijfACbYeno_V8qBtJfTjMpeLMGlx9CmQYByuxdFgF-yCLPTE2atbI-0-jE75Wam2VBTAs5PYGj6SOC-hopOoShM_GmxfedQBMX5E/s200/index.jpg" width="200" /></a></div><br />
Due to migration or a Job Change, its likely that at some point in our life we need to move to an unfamiliar place. Beginning a new chapter of our life in a new place can be an exciting and memorable, but it can also be rough on our finance management. Many of the expenses associated with a major move are unavoidable, but there’s one major mistake that is easy to avoid: <b>buying a home immediately upon arriving</b>.<br />
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The myth: <b>Starting by renting when you move to a new city is defeat</b>.<br />
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Reality: It’s actually the smartest decision we can make, both for our sanity and our bank account.<br />
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<i><b></b></i><br />
This is because there is no way to know what neighborhood will work best for us until we’ve spent a good amount of time actually living in the area. So before rushing to buy an apartment in the new are try to consider some of the following factors:<br />
<ul><li>What kind of commutation you are going to use ?</li>
<li>Is there any shops or markets near near by ?</li>
<li>Is there enough chance of entertainment nearby?</li>
<li>Does the neighborhood feel safer to us?</li>
<li>Are there sources of noise at odd hours?</li>
</ul>Now did you prefer to rent for a while and learn the area rather than buy right away?<br />
Yes, its always better to learn the locality rather than understanding after a few months that we may rather live closer to a town. <br />
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<div style="background-color: #cccccc;">Summary </div><div style="background-color: #cccccc;"><i><b>Give yourself some time to find out what really works for you</b></i></div><div style="background-color: #cccccc;">Better not take to take a momentary decision when it comes to an important decision as important as where you will live. Do enough research online and offline and also get advice from people who really live in that area so that we can make an informed decision.</div>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com3tag:blogger.com,1999:blog-2765749195107723368.post-42384159506127767482010-10-08T02:53:00.000-07:002010-10-08T02:54:03.789-07:00Looking for a Rented Home ?<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUrNs-yi8z_UYdAwdAh8i8c8gyKazQC35Qyut_KUZ3RdZRW2tDQesT1FR2jiR18zB4i3-Z_khl6sVFYkPLoXa74l4HIsd4BJnsahqqqlA9saZRzTkl70xQYUTnnsDjYtQq9QhXo_nZgMM/s1600/5-things-rent.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="140" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUrNs-yi8z_UYdAwdAh8i8c8gyKazQC35Qyut_KUZ3RdZRW2tDQesT1FR2jiR18zB4i3-Z_khl6sVFYkPLoXa74l4HIsd4BJnsahqqqlA9saZRzTkl70xQYUTnnsDjYtQq9QhXo_nZgMM/s200/5-things-rent.jpg" width="200" /></a></div><br />
Owning a house is every ones dream. But, its wise to build our home only after raising enough money for the down payment. During the accumulation phase most of us need to rent a flat or house. Here are some of the tips to keep in mind before renting a property.<br />
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<ol><li><b>Lease Agreement</b><br />
Its a legal contract between you and the landlord. It should have details about</li>
<ol><li>The monthly rent amount</li>
<li>Pay by date</li>
<li>Penalties for late payment</li>
<li>Amount of security deposit</li>
<li>Duration of the lease.<br />
A agreement should also make clear the tenant rights like what you can and cannot do, as well as the obligations of the landlord towards the renter. Its better review the lease agreement by a lawyer to ensure that we aren't entering into a one-sided and unfair deal.</li>
</ol><li><b><a href="http://www.blogger.com/post-edit.g?blogID=2765749195107723368&postID=4238415950612776748" name="2"></a>Security Deposit - Understand Your Rights too.</b><br />
There may be many cases where the landlord does not pay back security deposit on time. The lease agreement must specify a time within which the landlord is obliged to pay back the security deposit. Usually there would be a clause like the landlord can charge a penalty for late payment of rent, we must ensure that there is a clause to force the landlord to pay a penalty in case, the repayment of security deposit is late.<br />
</li>
<li><b><a href="http://www.blogger.com/post-edit.g?blogID=2765749195107723368&postID=4238415950612776748" name="3"></a>Sub-letting Rights - to Friends, Family members.</b><br />
Today's job environment demands job mobility and freedom to move around India or abroad. There may be on-site assignments for few months or years and you may not want to lose your rented home once you came back. Understand if the lease agreement allow you to sub-let the property to your friends or family members in your absence.<br />
</li>
<li><b><a href="http://www.blogger.com/post-edit.g?blogID=2765749195107723368&postID=4238415950612776748" name="4"></a>Maintenance & Repairs.</b><br />
In case of natural cause like lightning or flood an electric fan or the main switch box can get damaged. There can be leakage from the roof or underwater flowing into the bathroom. Understand who will take care of such kind of damages - you or the landlord. All these rights and obligations must be clearly mentioned in the lease agreement.<br />
</li>
<li><b><a href="http://www.blogger.com/post-edit.g?blogID=2765749195107723368&postID=4238415950612776748" name="7"></a>Did Previous Tenants Paid Their Past Bills</b><br />
Confirm that the previous tenant has paid all their cable connection bills, telephone bills, electricity bills and other dues to local authorities. If not the landlord should ensure that these liabilities won't get passed on to you. Otherwise, you might be at risk that those utilities might be turned off by the concerned authorities and can seriously affecting the quality of life.</li>
<li><b>Water Quality and Electrical Fittings</b></li>
Ensure that the quality of water available in the kitchen and bathrooms are good and bedrooms have enough<b> </b>cupboards and all the switches and electrical fittings are working properly. Its better to report all the defects in the beginning. Otherwise you will be responsible for any kind of damages.</ol><ol><b>All the very best. Wish you a happy life in your newly rented house.</b></ol>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com0tag:blogger.com,1999:blog-2765749195107723368.post-5346115672412713192010-10-07T04:02:00.000-07:002010-10-07T04:02:00.976-07:00How Common Wealth Games [CWG] related to personal finance<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0PH9NbZIpBqd2cBSx16xOp1zVSQ0iNk4TidauJUmzXn0Ll3knqFAn-TEEwJ6f4Nrv_gW-G_Z9pd9wXSUbH2jIWJXO-ZSvP5svkQQ0kqSDzrp7-QjYjKhotOvs5Fy4c0gNJeiBaKsG0tQ/s1600/1.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="180" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0PH9NbZIpBqd2cBSx16xOp1zVSQ0iNk4TidauJUmzXn0Ll3knqFAn-TEEwJ6f4Nrv_gW-G_Z9pd9wXSUbH2jIWJXO-ZSvP5svkQQ0kqSDzrp7-QjYjKhotOvs5Fy4c0gNJeiBaKsG0tQ/s320/1.JPG" width="320" /></a></div><br />
<span style="font-size: small;">Have you seeen the opening ceremony to the <span class="tpk">Commonwealth Games</span> (CWG) ? Owesome right..?</span><br />
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<span style="font-size: small;"></span><br />
<span style="font-size: small;">Is that created over one day ? definitely not.</span><br />
<span style="font-size: small;">Its the result of months and years of planning, implementing and achieving the goal on time. Here let us analyze how CWG related to personal finance.</span><br />
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<span style="font-size: small;"><b>1. Start early: </b></span><span style="font-size: small;">The CWG were awarded to Delhi in 2003, but only by 2008 the authorities started some meaningful activities. It is this delay that cause the nation to embarrassment.</span><span style="font-size: small;"><b> </b>So this is the best lesson that all of us should learn to achieve our financial goals - Start Early</span><br />
<span style="font-size: small;"><a name='more'></a> </span><br />
<div class="content2"><span style="font-size: small;">Whatever may be our financial situation, we should start planning and saving to achieve our goals. Time is more valuable than the amount you may have invest. Compounding may work only if we stay invested for more duration.</span><br />
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<span style="font-size: small;"><b>2. Accountability: </b>For the CWG, it seems like there was no final authority. There every one department pass the responsibility to some one else and create all the mess. No need to smile at this, since this can happen to anyone at home. Son may think why should i, let father deal with all the grocery purchase, bill payments etc. Husband may think that his wife may deal with kids, tuition, parents meeting, school fees etc. and wife may think investment, EMI, insurance premium, setting financial goals etc are only husbands duties. All these mess can create more issue similar to what happened in CWG.</span><br />
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</span><br />
<span style="font-size: small;">In our family we may find these jobs to be boring, some may even dislike taking about finance with wife or parents or kids. But this can only lead to lack of proper insurance, bad credit scores and chaos. So its always better than all the matters need to be discussed in our family and some one should take responsibility to monitor and ensure all these matters to executed to completion</span><br />
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<span style="font-size: small;"><b>3. Review regularly:</b> </span><br />
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<span style="font-size: small;"> </span><span style="font-size: small;">Did you feel that the CWG Committee could have done a better job if they review regularly and asses the progress honestly. Don't just blame the CWG committee, lets ask a question to ourself, </span><span style="font-size: small;">When was the last time i reviewed my investments and goals? if we want to achieve our goals a portfolio review is a must. </span><br />
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<span style="font-size: small;">Now a days we have various means for <a href="http://mytipstowardswealthy.blogspot.com/2010/09/portfolio-monitoring-and-management.html">portfolio management</a>. Its worth entering all your portfolios into an online monitoring website and periodically check the health status of your portfolios atleast twice in a year. Also make sure that you are maintaining the correct proportion of Equity : Debt investment.</span><br />
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<span style="font-size: small;"></span><br />
<span style="font-size: small;"><b>4. Budget:</b> </span><span style="font-size: small;"> </span><br />
<span style="font-size: small;">Did you know how much is the expenditure of CWG - Rs 70,000 crores. The worst part is that its 114 times the actual estimate a clear example for the lack of budgeting. Budgeting plays a significant role in every ones life.</span><br />
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<span style="font-size: small;">Buying a big apartment, daughters wedding or buying a car, we should have a clear idea about what should be the total expenditure and is that really within my reach</span><span style="font-size: small;"> and capacity. We need to ask ourself that do i have the capacity to buy an apartment at this stage of my life. Do i have systematic investment plans going to meet my daughters higher education or is all my earning are being spend on movies, dress, restaurant, night clubs etc. We should learn to live within our limits and don't go into a situation of stretching our budgets like the Delhi CWG.</span><br />
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<span style="font-size: small;"><b>5. Reputation:</b></span><br />
<span style="font-size: small;">Even conducting a spectacular opening ceremony, we have seen some of the organizers being jeered while making their ceremonial speech. This can happen to us too. If we don't plan our expenses, or do proper budgeting we will actually get mocked by our relatives and neighbours. Also if have a loan from a bank and don't pay back the money, but go on spending on other liabilities, our reputation in the form of credit score will be lost. Finally every one will mock on us and can leads to eviction by the banks.</span><br />
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</span><br />
<span style="font-size: small;">So, don't run behind short-term gains or show off at the expense of losing our long-term reputation and goals. Reputations or goals , once broken are very hard to recover. </span><br />
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</span></div>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com0tag:blogger.com,1999:blog-2765749195107723368.post-8034580769301751702010-10-05T23:22:00.000-07:002010-10-05T23:22:21.345-07:00How to make 10 lakh in 5 years ?<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv6pIN1n-gVHXpotTU8cgPsP-i1ojjuSZWVdrghFZheOJnXSGfDo5KKLdOdapUHrgBLF_MZclyFGls7o_Yion9LkfXbzWTX3y9T5OJgEWH6-MFzKkWAmfX6Oa4v-VLBB3oFBes4nS7mkE/s1600/images.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv6pIN1n-gVHXpotTU8cgPsP-i1ojjuSZWVdrghFZheOJnXSGfDo5KKLdOdapUHrgBLF_MZclyFGls7o_Yion9LkfXbzWTX3y9T5OJgEWH6-MFzKkWAmfX6Oa4v-VLBB3oFBes4nS7mkE/s200/images.jpg" width="200" /></a></div><br />
<b><i>This is in response to a question from one of the mytipstowardswealthy blog reader.</i></b><br />
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<b><i>"How can I make 10 lakh in 5 years to use as a down payment for my new apartment. I can take calculated risk. I want to know how much i want to invest now to meet this goal ?"</i></b><br />
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I just try with the compound interest calculator. As per my analysis there are two methods to achieve this goal.<br />
1) Invest Lump-sum<br />
2) Invest via SIP<br />
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Since you are capable of taking calculated risk and have long term goal [ 5 years ], i would recommend investing in Indian equities. Here we can assume a 15% compounded annual return from Indian equities.<br />
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<b>1) Invest Lump-sum</b><br />
Need to invest <b>5 lakh</b> today in a 4/5 star rated mutual funds. After 5 years your money would have grown to 10 lakh due to 15% annual compound interest. But its difficult to have that much ready cash. So lets go with the second method.<br />
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<b>2) Invest via SIP</b><br />
As per the compound interest calculator you need to invest <b>Rs 12500</b> per month for the next 5 years into 4/5 star rated mutual funds. After 5 years your money would have grown to 10 lakh due to 15% annual compound interest. You can try with 2 funds. A Large Cap Fund and Mid Cap fund in the ratio 60:40 allocation.<br />
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I would recommend HDFC Top 200 for the large cap fund and<br />
IDFC Premier Equity Plan A for the Mid Cap Fund.<br />
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Thanks to the power of compounding !!GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com0tag:blogger.com,1999:blog-2765749195107723368.post-30063486375843263322010-10-05T04:03:00.000-07:002010-10-05T04:03:55.099-07:00Did you give the PAN Card number ?<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPU4Kh3KDjASW7hhknVWbg_Cz15QinpBtT6UJTDurOFCOuq4HntupEdoKO4VEvGfhvAeE6qL9kDgjxiJHXrcJFET3gTCUbXBUA0IA_fL8KgZIf-tHzraWRnUr6PXOIwbc7i8blJJqOMps/s1600/TDS-Case-Law.JPG" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="156" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPU4Kh3KDjASW7hhknVWbg_Cz15QinpBtT6UJTDurOFCOuq4HntupEdoKO4VEvGfhvAeE6qL9kDgjxiJHXrcJFET3gTCUbXBUA0IA_fL8KgZIf-tHzraWRnUr6PXOIwbc7i8blJJqOMps/s200/TDS-Case-Law.JPG" width="200" /></a></div><br />
<span id="advenueINTEXT" name="advenueINTEXT">If you haven't given your PAN card number the TDS rates wold be double ie 20% instead of 10%. </span><br />
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You can find the TDS deductions in your<br />
1. Pay Slip<br />
2. Bank Statement<br />
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<span id="advenueINTEXT" name="advenueINTEXT">Tax deducted at source [TDS] is the most popular way by which government may collect from each of us. As per the income-tax laws, when ever our company pay us salary or bank pay us interest some tax need to be cut and deposited to the government. Usually the employer deducts the tax at the time of payment of salary itself and pays the total tax amount to the government on behalf of all the employees on a quarterly or annually basis.<br />
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The rate of deduction of tax at source on interest at the bank is 10%. For salary payments, the employers deduct income tax at source based on the tax slabs [10%, 20%, 30%] set by the government for every financial year. Tax benefits on insurance premium, ELSS, housing loan, PPF, EPF etc are considered while calculating the net annual taxable income. <br />
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As per the rule if the PAN card number is not furnished the tax deductor may increase the tax rate to 20%. However, if the rate of deduction on salary is more than 20%, then the tax on salary deducted at source is at that higher rate. The deductor issues a Form 16 to the payee, which forms a basis for claiming credit for tax deducted while filing the IT return. If the total amount of TDS for a year is higher than the actual tax liability, a refund of excess tax deducted can be claimed by filing a return of income.<br />
<br />
</span><span id="advenueINTEXT" name="advenueINTEXT">Those who expect their taxable income for the financial year to be below the basic exemption limit are eligible to furnish Form 15G and hence enjoy the benefit of </span><span id="advenueINTEXT" name="advenueINTEXT">non-deduction of income tax at source on interest income. But this is not allowed for NRIs. Senior citizens can use form 15H instead of form 15G. <br />
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</span>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com1tag:blogger.com,1999:blog-2765749195107723368.post-47474005084669001202010-10-04T02:27:00.000-07:002010-10-04T02:27:07.756-07:00Growth Vs Divident Option<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghCXI3KLiJf6c9ZCcWN9thvflwZLTgPyUZ7WYRN9fYld9fCdJKjwdrMV6ceDy45HxT1coVC28QLyg1l8gJduTI6NRlopyesEavaq0rfmJe0Q2dzgtuYeanpUhihQFKenP7CPVLo-zWvAo/s1600/a+dilemma.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="153" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghCXI3KLiJf6c9ZCcWN9thvflwZLTgPyUZ7WYRN9fYld9fCdJKjwdrMV6ceDy45HxT1coVC28QLyg1l8gJduTI6NRlopyesEavaq0rfmJe0Q2dzgtuYeanpUhihQFKenP7CPVLo-zWvAo/s200/a+dilemma.jpg" width="200" /></a></div><br />
Most investors has the common confusion in selecting a proper option while starting Mutual Fund investment. Mainly there are three options<br />
1. Growth<br />
2. Dividend<br />
3. Dividend Reinvestment.<br />
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<b>Growth Option</b>: Here the fund house will invest all the available returns into the selected companies itself. This will help to produce more returns from the equity market. Investors who want to get good return in a <b>long term</b> should go for growth option only.<br />
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<b>Dividend Option:</b> Here the fund manager will declare a dividend for your investment quarterly or yearly. the dividend distribution will actually reduce the NAV of each unit. Hence one may get the return regularly but there wont be any significant capital appreciation. One should go for Dividend option if he need a <b>regular return</b>. Also keep in mind that Fund house may not declare dividends all the time.<br />
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<b>Dividend Reinvestment Option</b>: This is little bit complex. As per the logic fund house will reinvest the dividend offered into the same fund rather than giving it to the customer. This may some times give better return than the growth option.GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com2tag:blogger.com,1999:blog-2765749195107723368.post-9306911260475321562010-10-04T01:35:00.000-07:002010-10-04T01:36:35.495-07:00Real Estate: Right time to Buy ?<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSpXSPaXsC8b5HZC1z6w6dcCpuoT6j_St7n-Je0iyjuQ2SqmXYqBCnJCBdF0MLn2DNR4lPoNWJ3Vw6LJxJ1w-NJdfjFuejKLG_RCqGJ-V-tjFQf-8NNDxk_KPhK1feAv7TqmZb6T7uRbk/s1600/real_estate_sign.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSpXSPaXsC8b5HZC1z6w6dcCpuoT6j_St7n-Je0iyjuQ2SqmXYqBCnJCBdF0MLn2DNR4lPoNWJ3Vw6LJxJ1w-NJdfjFuejKLG_RCqGJ-V-tjFQf-8NNDxk_KPhK1feAv7TqmZb6T7uRbk/s200/real_estate_sign.gif" width="155" /></a></div><br />
With the recent surge in the stock market people are afraid to do fresh invest in stock market. Now the next option is to invest in Real Estate. <br />
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<b>Is it the right time to invest in Real Estate ?</b><br />
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There are mainly two options for a new real estate investor.<br />
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<b>1. Residential Sector<br />
2. Commercial sector</b><br />
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<a name='more'></a><br />
<b>1. Residential sector </b><br />
Year 2009 found a huge popularity of affordable housing projects which are under 20 lakh. Due to the financial crisis which started in 2008, large EMIs for premium flats became a real nightmare. Now people are interested only in renting/buying affordable apartments. Now house owners of premium or luxury flats are forced to offer at low rental/selling prices. This really make investment in luxury floats to be a unwise move for new investors.<br />
<br />
Also the above situations really help to get lot of discounts. Lets hope the demand for affordable flats will keep on increasing for few more years atleast till the economy is in a booming phase. So its advisable to invest in affordable flats / apartments.<br />
<br />
<b>2. Commercial sector</b><br />
Even though the rental returns from commercial property is higher, the supply is currently more than the demand. This situation is likely to be continue in 2011. Hence always think twice before going for commercial properties under this situation unless its available for much lower price than the market value. <br />
<br />
But for those investors with a long term investment plans can definitely consider investment in commercial sectors. Long term investors can get the benefit of capital appreciation as well as rental income cash flow.GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com0tag:blogger.com,1999:blog-2765749195107723368.post-88139252242340232022010-09-30T21:27:00.000-07:002010-09-30T21:27:47.332-07:00Mukesh Ambani<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-ms8mfCKxUx8Mbqk-EsTLd4-D9JNBCU7roBk5TIH8meJMx1pRPQbIpD_envmwHSFQP5uU-zHvajPePLQUdeciwx5pY9rX4j_dv0LmS_-BRET-x4KJdkkUErRXazZV9H5qAQ7jzYfOSE4/s1600/mukesh-ambani.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi-ms8mfCKxUx8Mbqk-EsTLd4-D9JNBCU7roBk5TIH8meJMx1pRPQbIpD_envmwHSFQP5uU-zHvajPePLQUdeciwx5pY9rX4j_dv0LmS_-BRET-x4KJdkkUErRXazZV9H5qAQ7jzYfOSE4/s200/mukesh-ambani.jpg" width="171" /></a></div><br />
According to the Forbes India Rich List, Mukesh Ambani became the richest person in the world, surpassing software giant Bill Gates, business tycoon Carlos Slim Helu and the famous investment guru Warren Buffett. Courtesy to the bull run in the stock market.<br />
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<a name='more'></a>Mukesh Ambani (born on April 19, 1957) is the chairman and managing director of Reliance Industries, the largest private sector enterprise in India, a Fortune 500 company. He is holding 48% share in Reliance Industries.<br />
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<br />
<br />
<b>Family Details</b><br />
Mukesh Ambani is the eldest son of Dhirubhai Ambani [ the late founder of Reliance Industries]. The Ambani family lived in a 2 BHK apartment in Bhuleshwar, Mumbai until 1960. He has a younger brother, Anil Ambani, is chairman of Reliance Anil Dhirubhai Ambani Group.<br />
<br />
<b>Personal Life</b><br />
Mukesh Ambani is married to Nita Ambani and has three children, Akash, Anant and Isha. He owns the Indian Premier League [IPL] team, the Mumbai Indians.<br />
<br />
<b>Specialization.</b><br />
A Chemical Engineer by degree with the core enterprise dealings in Oil & Gas Exploration and manufacturing of petrochemical products. The ever expanding Reliance Group currently has many subsidiaries in a variety of domains such as Scientific Research & Development, Retail, Alternative Energy Research and many more.GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com5tag:blogger.com,1999:blog-2765749195107723368.post-82779995222071960442010-09-30T03:39:00.000-07:002010-09-30T04:49:58.696-07:00Emergency Fund<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicrav8qvQ0Z8pNjfz7RbWHfYNhzrZxyDiiNksWUOjaAROlC7SG8GxewaCF9gQrBOo9XQJW4n2QaMr7gjlpr51IFfDq1fnb9YbWxqH2uiSCA2iWf02JxbqTsSioIBl9AzheiMQsuBGd05A/s1600/Emergency+break+glass+money+box+440.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="127" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEicrav8qvQ0Z8pNjfz7RbWHfYNhzrZxyDiiNksWUOjaAROlC7SG8GxewaCF9gQrBOo9XQJW4n2QaMr7gjlpr51IFfDq1fnb9YbWxqH2uiSCA2iWf02JxbqTsSioIBl9AzheiMQsuBGd05A/s200/Emergency+break+glass+money+box+440.jpg" width="200" /></a></div><div style="font-family: Arial,Helvetica,sans-serif;"><br />
</div><div style="font-family: Arial,Helvetica,sans-serif;">Life is full of surprises. </div><div style="font-family: Arial,Helvetica,sans-serif;"><br />
</div><div style="font-family: Arial,Helvetica,sans-serif;">We should always expect the unexpected in the form of accidents, diseases, expensive equipment [TV, Washing machine] repair, job loss, car repair etc and that is why emergency fund is a must for each of us.</div><div style="font-family: Arial,Helvetica,sans-serif;"><br />
</div><div style="font-family: Arial,Helvetica,sans-serif;"></div><div style="font-family: Arial,Helvetica,sans-serif;">Now my concern is </div><div style="font-family: Arial,Helvetica,sans-serif;"><b>1. </b><b>How Big Should be the Emergency Fund?</b></div><div style="font-family: Arial,Helvetica,sans-serif;"><b>2. </b><b>How to start ?</b></div><div style="font-family: Arial,Helvetica,sans-serif;"></div><a name='more'></a><div style="font-family: Arial,Helvetica,sans-serif;"></div><b style="font-family: Arial,Helvetica,sans-serif;">How Big Should be the Emergency Fund?</b><br />
<div style="font-family: Arial,Helvetica,sans-serif;">Most financial experts agree that one should keep aside atleast <b>six months</b> worth of our living expenses as emergency fund. The living expense should include food, grocery, petrol, insurance premium, clothing, rent, children's tuition fee etc. Six months is the time allowed for finding an alternate source of income in case of emergencies. If you are not confident with six months, try to increase upto your level of satisfaction.</div><div style="font-family: Arial,Helvetica,sans-serif;"><br />
</div><div style="font-family: Arial,Helvetica,sans-serif;"><b>How to start ?</b></div><div style="font-family: Arial,Helvetica,sans-serif;"></div><div style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: small;">If you still don’t have an emergency fund, now is the time to start that. To accumulate 6 months salary is definitely a pain, so the key is to <b>START SMALL</b>. Open a savings account with an Auto Sweep facility and this will automatically put your money in the form of FD. </span></div><div style="font-family: Arial,Helvetica,sans-serif;"><br />
</div><div style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: small;">The main advantage of such a saving account is the liquidity. You can take the money using the existing ATM card at any time of emergency and also get the advantage of FD interest rates. Once the target is met just forget about that and never touch it for any of your planned expenses.</span></div><div style="font-family: Arial,Helvetica,sans-serif;"><br />
</div><div style="font-family: Arial,Helvetica,sans-serif;">Also its smart not to keep all you saving in the emergency fund. Anything you have saved above than the emergency fund target should be invested into Debt or Mutual Funds based on your goals. You can find more information about investment in the following links</div><div style="font-family: Arial,Helvetica,sans-serif;"><br />
</div><div style="font-family: Arial,Helvetica,sans-serif;">http://mytipstowardswealthy.blogspot.com/2010/09/what-small-investor-may-do-under-this.html</div><div style="font-family: Arial,Helvetica,sans-serif;">http://mytipstowardswealthy.blogspot.com/2010/09/goal-based-investments-must-to-do-in.html</div>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com1tag:blogger.com,1999:blog-2765749195107723368.post-72525147348826529102010-09-29T02:42:00.000-07:002010-09-29T02:42:10.771-07:00What a small investor may do under this market condition ?For the last one month markets are doing extremely well. The main reason is that more than $10 billion of foreign institutional investor [FII] money has come in the past seven months only. Also the corporate earning are growing at a compound annual rate of 25% in the next few years. <br />
<br />
So my concern is: <br />
<strong>1. What a small investor may do under this market condition ?</strong><br />
<strong><a name='more'></a></strong><br />
<strong></strong><br />
Small investors in stock market always enter into the market when it is at its peak and exit when the market is at the bottom. But every one should just do the opposite to make money from the stock market.<br />
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But the truth is, its impossible to practice ‘Buy Low & Sell High’.<br />
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Then is there a solution to this issue?<br />
Yes, there is a solution to this issue and thats is the concept of SIP<br />
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A <b>Systematic investment plan [ SIP ]</b> in a good mutual fund is the best option for small investors under these market conditions.<br />
<br />
If you differs in this idea, then please tell where can we put our money ? <br />
Now a days, Fixed deposit gives just 7% compound annual interest, and this cannot even cover the inflation rates. That means the inflation-adjusted returns are negative in the case of FDs. In such a scenario, equity is the only asset class that has given a 18-20% return in the long run [ > 5 years ].<br />
<br />
Here, investor just need to find a 4/5 star rated mutual funds and start a SIP. The users can make a decision based on MF rating websites like <a href="http://new.valueresearchonline.com/funds/default.asp">valueresearchonline.com </a><br />
<br />
A SIP allows us to buy more units when the market is low and hence will automatically prevent us from buying more units when the market is high. SIP will help us to control your 2 main emotions – FEAR and GREED.<br />
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In the long run, SIP can do Rupee-cost-Averaging. Since we are buying units when the market is up as well as when the market is down, the net average will always be positive. If you do some research in the Sensex, it pretty visible that the markets wont remain at the bottom for long periods. SIP will encourage us to buy units during those periods.<br />
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Also at the current market ie when the sensex is at 20,000 every one of us may think "I may wait and buy units during the next crash", but what will you do if the markets are not going to crash in the next few years. Then we may regret our bad decision. <br />
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<b>So never try to time the market. But try to stay for more time in the market.</b><br />
.<br />
<div style="font-family: Georgia,"Times New Roman",serif;"> <i><span style="background-color: #999999;">Here are few advantages of SIP.</span></i></div><ol><li style="background-color: #999999; font-family: Georgia,"Times New Roman",serif;"><i>Force us to invest irrespective of market conditions </i></li>
<li style="background-color: #999999; font-family: Georgia,"Times New Roman",serif;"><i>Rupee cost Averaging can bring down the average cost per unit</i></li>
<li style="background-color: #999999; font-family: Georgia,"Times New Roman",serif;"><i>Brings Financial discipline in everyones life</i></li>
<li style="background-color: #999999; font-family: Georgia,"Times New Roman",serif;"><i>Enhance the average annual return </i></li>
<li><span style="background-color: #999999;"><i><span style="font-family: Georgia,"Times New Roman",serif;">Can start with small amounts, even Rs 500 onwards </span></i></span> </li>
</ol>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com3tag:blogger.com,1999:blog-2765749195107723368.post-39787925488313249502010-09-28T01:48:00.000-07:002010-09-28T01:48:52.123-07:00How to select Best Health InsuranceNow a days, medical expenditure has incremented to such a large extend that health insurance has become a necessity and an essential expense for the well being of our family.<span style="font-size: small;"> </span><br />
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<b><span style="font-size: small;">Types of mediclaim policies</span></b><br />
Mainly there are two options available: <b> </b><br />
<br />
<b>1<b>.</b></b><b> Floater policy:</b><br />
<b> </b>Here we take the policy for the entire family. Usually family means Husband, Wife and Kids. That means parents are not included in floated policies. The sum assured can be utilized by any member of the family. Here usually the maximum sum assured in a year is Rs 10 lakh.<br />
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<b><b>2.</b> Individual policy</b>:<br />
Here each member may take individual medical insurance. Special discounts are given if individual policies are taken for the entire family. Here parents are also included in the definition of the family. Usually the maximum sum assured in a year is Rs 10 lakh for each individual.<br />
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<a name='more'></a><br />
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Usually Individual policies are more expensive than the Floater policies. If your is an young family which means when parents are young, its better to take floater policy. When the elder member in the family crosses the age of 60, these policies will expire. Floater policy have the advantage that when even one member can utilize all the amount. But that can turn to be a disadvantage that the no claim bonus and other benefits will be lost if any member do a claim on a particular year.<br />
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Most corporate employees used to have a Group mediclaim policies. But this may create issues while changing the company or after retirement. So financial experts always advice a separate individual mediclaim policies along with company mediclaim policies. Hence depending on the need, one should a suitable option.<br />
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<b>Medical checkups and illness covered</b><br />
Most health insurance schemes do not have any medical check-ups for individuals upto the age of 45. So try to take a mediclaim policy when you are young.<br />
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Regarding pre-existing disease, most companies will cover after a period of 3 to 4 years. Usually the dental and illnesses relating to pregnancy are not covered by majority of the health insurance policies, but still most company group policies do cover maternity expenses. It is always advisable to go through the policy document to learn what diseases are exempted from the policy. Most companies give their policy documents on their websites.<br />
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<b>Role of an advisor.</b><br />
What is equally important while taking a health insurance policy is having a good advisor. Like other insurance policies, medical insurance requires good amount of policy servicing, especially while making a claim. But as the commission for mediclaim policies towards the agents are very less for public sector companies, its very difficult to find a good agent. We need to learn things through the hard path.<br />
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Once you apply for the mediclaim you will be provide with a receipt. Usually the TPA [ Third Party Administrators ], will mail a medicard to you address with in 30 - 60 days. Its better to call the TPA after 30 days if the medicard is not available at your address.<span style="font-size: small;"> </span><br />
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<b><span style="font-size: small;">Cashless Claim facility:</span><span style="font-size: small;"> </span></b><br />
<span style="font-size: small;">Most insurance companies used to provide cashless mediclaim facilities. In this case the individual can get the treatment done in selected hospitals mentioned in the policy document without making any direct payment. Then the insurance company will directly settle the medical bills, subjected to the terms and conditions as per the medical insurance policy. Even though there is sufficient paper work involved in the process, it helps in times of urgent need to know that such facilities exist and can be called upon. </span><br />
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<br />
<b>Income tax benefits:</b><br />
Medical Insurance premium paid upto Rs 15,000 for himself and his spouse and dependent children can help to save tax under Sec 80D of the Income Tax Act. Also as per section 80D of the Act, another deduction can be claimed to medical insurance premium paid up to Rs 15,000 for dependent parents. The deduction can even increased up to Rs 20,000 in case the premium is paid for senior citizen ( more than 65 years ).<br />
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<u><b>Summary</b></u> <br />
<div style="background-color: #999999;">We all know the importance of life insurance, but haven't given that much importance to medical insurance. Make a decision, to take a good health insurance as it is very important to insure you and your family members from the rising future medical expenses. </div><div style="background-color: #999999;"><br />
</div><div style="background-color: #999999;">Hence whatever might be our salary, age, status of health, please don't neglect the medical insurance for you and your family members.</div>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com4tag:blogger.com,1999:blog-2765749195107723368.post-31377516276001734802010-09-27T05:23:00.000-07:002012-04-17T00:57:52.244-07:00How to select Best Car Insurance<div dir="ltr" style="text-align: left;" trbidi="on">
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Here are some of the Tips while selecting a Car Insurance.<br />
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<br />
1. Try to get a quote from reputed public sector companies like<br />
<br />
1.1National Insurance Co. Ltd <br />
1.2 United India Insurance Co.<br />
1.3 The New India Assurance Co. Ltd<br />
1.4 The Oriental Insurance Co. Ltd.<br />
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They have wide networks and their insurance quotes are reasonable too.<br />
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<a name='more'></a><br />
<br />
2. Next option is to get quotes from private sector companies like<br />
2.1 ICICI Lombard General Insurance Co. Ltd.<br />
2.2 Bajaj Allianz General Insurance Co. Ltd.<br />
I have experienced a large variation in the insurance quotes between public and private sector companies, and another surprise is that, even between public sector companies i have observed a difference of 2000-5000 rupees.<br />
<br />
<b style="font-weight: normal;">3. Also keep in mind that inexpensive car insurance may not be the best. Always check with the service center before taking insurance and go for companies with good track record and the parts which are avoided in the insurance document. </b><br />
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4. Most of the time, some companies may call or send you an intimation letter about your policy renewal. But upon checking with other companies we may know how much those customer satisfying companies may charge you.</div>
<div class="post-bodycopy clearfix">
<br />
5. Also there are chances for online insurance scams. Some Cheats may call you and tell that your policy will be expiring in next 2 weeks and we have good offers and send their agent to collect the money. They may also offer you some 10-20 per cent discount. Its better to avoid such traps.<br />
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<a href="http://nse2rich.com/?3mNNs4aE" title="Original Link:
http://www.moneylife.in/article/71/8440.html"></a><br />
6. The next option is Third party insurance. Here you cannot claim any repair costs for your car. The benefit will be only for the third party. Here the premium would be the least and at-least third party insurance is compulsory for all the vehicles. So if you are confident about your driving skills and can afford any repair cost its best to go ahead with TPI. Insurance companies will issue TPI only for those vehicles which don't have any loans and hence need a clearance certificate from the banker where you have taken vehicle loan.<br />
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7. Try to make use of the No Claim Bonus [NCB] of you car when you are purchasing the new car. If you don't have any claim history for the last few year, you would have good % of NCB. Just use that while taking insurance for your new car.<br />
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8. NCB can also be utilized while changing the Insurance provider.</div>
</div>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com0tag:blogger.com,1999:blog-2765749195107723368.post-31949874175494480892010-09-26T23:53:00.000-07:002010-09-27T00:14:27.017-07:00Gold ETF - Best Alternative than Physical Gold.<span id="advenueINTEXT" name="advenueINTEXT">In India Gold is considered as a traditional method of asset. It is considered as the real money because gold price will always follow the inflation rates. <br />
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Usually people in India used to buy gold in the form of jewellery, coins and bars. But, with the introduction of Gold ETF [ Exchange Traded Funds ] in 2007, investors are provided with a smart means to invest in gold. <br />
<a name='more'></a><br />
Gold ETFs will invest in gold bullions. They are passively managed and are endeavour to track with the international gold price. These open-ended funds are listed on both the BSE and NSE. They can be traded (bought and sold) in units similar to stocks. Apart from mutual funds here we need to have a trading account and a demat account to be able to invest in Gold ETF funds. <br />
</span><br />
<span id="advenueINTEXT" name="advenueINTEXT"></span><br />
<br />
<span id="advenueINTEXT" name="advenueINTEXT"><u><b>Summary</b></u><br style="background-color: #999999;" /><span style="background-color: #999999;">Gold ETFs have made life simpler for the investors as there is transparency in pricing, purity, provide efficient resale and hassle free storage. We can say that the future of paper gold in India looks excellent. Here we don't have to pay any making charge, annual locker fees, wear and tear losses for jewellery and also no fear of theft.</span></span><br />
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<span id="advenueINTEXT" name="advenueINTEXT"><span style="background-color: #999999;">Hence Gold ETF is the best alternative to physical Gold. As per financial experts one can have a maximum of 10% of his overall portfolio in gold ETF.</span></span>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com0tag:blogger.com,1999:blog-2765749195107723368.post-78468423069510520242010-09-24T06:51:00.000-07:002010-09-24T06:51:52.606-07:00Run-In you NEW carCongratulations, to be a proud owner of the NEW car.<br />
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Now get yourself ready to run-in your new car. Here are some of my tips.<br />
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1. Read the user manual. The time spend is really worthy. because how you treat your new car engine will definitely affect its performance, efficiency and life.<br />
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2. Most manufactures ask you to do special care in the initial running period. This advice is really significant since the moving parts of new engine need an adjustment period before reaching normal operating conditions, and this depends upon how the engine has been run-in.<br />
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3. The run-in mainly involves setting the piston rings and ensuring that the cylinders and bearings wear evenly. Here not only the engine that needs a running-in but the transmission, tyres and brakes all get benefits.<br />
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4. For the latest cars manufacturer recommends a 1,000 km running-in period. After this, we can high-rev the machine. <br />
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5. For a petrol engine do not allow the RPMs to go over 2,500 for the first 1,000 km. After that, you can increase the limit to 3,000 RPMs until 1,500 km and then drive the car at a variable RPM by 2,500 km. Also don't ride your car at a constant RPM.<br />
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6. Long highway trips or time spent in bumper-to-bumper traffic is really bad during the run-in process. The key to the run-in is to subject the engine to a wide range of RPMs, so that the machine is getting rotated under various conditions. <br />
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7. Its recommends that you change the engine oil after the first 1,000 km. The Workshop guy would say latest technology engines don't need this, but still its good for the engine in the long run. Even with all new engines, there may be some metal slivers, produced due to initial wear and tear. From this point onward we can stick on to the manufacturer recommended intervals. <br />
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8. Its better to use semi-synthetic oil after the first 10,000 km. Pure synthetic oil have more lubrication and this will only slow down the run-in process. <br />
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9. Make use of all the switches, lights, automatic ac and other features in the new car. Its better to identify any defects within the initial free service period.<br />
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By following the above steps we can ensure that the engine reaches its maximum performance and endurance conditions. This will maximize you car’s fuel economy, power and engine life.GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com1tag:blogger.com,1999:blog-2765749195107723368.post-25711047115198658552010-09-24T05:35:00.000-07:002010-09-27T01:04:37.950-07:00Best Mutual fundsI just made a search for Best Equity Diversified funds, for Large Cap, Mid Cap and Multi Cap in the following websites<br />
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1. http://www.valueresearchonline.com/<br />
2. http://www.moneycontrol.com/<br />
3. http://www.mutualfundsindia.com/<br />
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Here are the results i got.<br />
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From this analysis its clear that IDFC Premier Equity Fund - Plan A performs the best for the last 3 years.<br />
This is a Mid Cap Fund.<br />
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Hence the<b> best mid cap fund</b> is <b>IDFC Premier Equity - A</b> scheme.<br />
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ING Divident Yield and Birla SL Divident Yield are mid cap funds.<br />
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Next is ICICI Pridential Discovery Inst I fund which is a Multi Cap fund.<br />
So the <b>best Multi Cap Fund</b> as per this analysis is <b>ICICI Pridential Discovery Inst I</b> fund<br />
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Next is Reliance Regular Savings Fund - A large cap fund as per Valu research online. Till now it used to be a multi cap fund. But today it reported as Large Cap fund.<br />
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So the <b>best Large cap fund</b> is <b>Reliance Regular Savings Fund.</b>GNhttp://www.blogger.com/profile/11010670382357959697noreply@blogger.com3tag:blogger.com,1999:blog-2765749195107723368.post-15928944392762864432010-09-23T02:13:00.000-07:002010-09-24T01:06:49.904-07:00The Extraordinary Power of Compound Interest<b>What is the best way to ensure your financial success ?</b><br />
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As per Burton Malkiel in <i><a href="http://www.amazon.com/exec/obidos/ASIN/039332639X/ref=nosim/getrichslo-20/">The Random Walk Guide to Investing</a></i>. - “The amount of capital you start with is not nearly as important as getting started early,”. He also mention that "Procrastination is the natural assassin of opportunity." <b> </b><br />
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Even modest returns can generate real wealth given enough time and dedication. That is the miracle of compound interest. Hearing this many questions come to our mind<br />
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<b>1. Why is it important to start early ?</b><br />
<b>2. How come a mere 8% annual return from PPF account help us to build a retirement corpus ?</b><br />
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<b>Why is it important to start early ?</b> <br />
Let me explain with an example, a 20-year old Emma makes a one time Rs50,000 contribution to PPF and earns 8% annual return. After 40 years [at the age of 60], that Rs 50,000 will grow to Rs 11,73,124. But if she wait till the age of 30 to make her single investment, that Rs 50,000 would only grow to Rs 5,43,383.<br />
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How much is the loss?<br />
Rs 11,73,124 - Rs 5,43,383 = <b>Rs 6,29,741</b><br />
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Hope you got the maths. Thats the Magic of Compound Interest. Here <b>TIME </b>is the primary ingredient which does the magic of Compounding.<br />
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<b>How come a mere 8% annual return from PPF account help us to build a retirement corpus ?</b><br />
<b> </b>Just now we have seen the magic of compounding. Now there is one more methods to make compounding more powerful, ie Systematic investment. If Emma can contribute Rs 50,000 annually to her PPF account for 40 years with 8% return, her retirement savings will be Rs 1,52,12,176. [ie more than 1.5 crore rupees].<br />
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Here she just invest 20 lakhs<br />
ie Rs 50,000 * 40 = 20,00,000<br />
and got above 1.5 crore rupees. This is more than 13 times the amount she invested. From this maths its pretty clear that we can create a retirement corpus even with 8% return from PPF.<br />
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Its worth to mention that this 8% return may not be sufficient in the long run. To build retirement corpus its always better to go behind equities. Indian equities used to give an average return of 18-20% return in the long run [>5 years]<br />
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<b>The cost of waiting one year</b><br />
It’s human nature to procrastinate. We used to tell ourself "I can start saving next year”, “I don’t have time to open a PPF - I’ll do it later.” But the costs of delaying may be enormous. Even one year makes a significant difference. Here’s a chart which illustrate the cost of procrastination. Again, we’re using 20-year-old Emma as a basis. <br />
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If Emma makes Rs50,000 annual contributions to PPF, and she earns an 8% return, she’ll have Rs1,52,12,176 saved at retirement. But if she waits even five years, her savings would be Rs 1,01,53,516 which is a loss of more than 50 lakh rupees!<br />
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<div style="background-color: #cccccc;"><b>Summary</b></div><div style="background-color: #cccccc;">To make compounding work for you:</div><ul style="background-color: #cccccc;"><li><b>Start early.</b> The earlier you start, the more time compounding can do magic in favor of you, and the wealthier you can become. The next best thing to starting early is to start now.</li>
<li><b>Make regular investments.</b> Don’t procrastinate. Remain disciplined, and make saving for retirement a habit and priority in your life. When ever you got any bonus or increment try to increase your contributions.</li>
<li><b>Be patient.</b> Do not touch this money. Compounding only works if you allow your investment to grow. Time is the key to do this magic. Initially we may see only small returns, but persevere. Most of the magic comes at the very end. Compound interest will create a snowball of money</li>
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