How to buy e-Gold

Here are the steps to buy and accumulate e-Gold.

1) Go to a commodities broker office like Hedge, Sharekhan etc.

How to start Mutual Fund - Part 2

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. http://mytipstowardswealthy.blogspot.com/2010/09/how-to-start-mutual-fund-investment.html

1) As mentioned in Part 1 select the best Mutual Fund based on star rating from the site http://new.valueresearchonline.com/

How to get KYC Status VERIFIED ?

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.


1) Download the KYC form from the following link
http://www.cvlindia.com/downloads01.html

How to download facebook videos

Just do the following steps

1) Download the Mozilla Firefox addon Greasemonkey from the following link.
https://addons.mozilla.org/en-US/firefox/addon/748/?application=firefox&id=748

2) Restart Mozilla Firefox Browser.

Paste a picture in Gmail

First we need to enable the Insert Image Feature in Gmail. For that
1) Go to Settings->Labs->Inserting images.

2) Set the Enable Option.

3) Save Changes.

4) Now you can see the new option Insert Images while composing a new Mail.

Free PDF Editor + PDF Exporter = Open Office

 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.

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.

Best Free Screen Capturing Tool - PicPick

 Do you need an all-in-one program that provides
1) Screen capture tool
2) Intuitive image editor
3) Color picker
4) Color palette
5) Pixel ruler
6) Protractor
7) Crosshair and even a whiteboard.

as freeware for personal use. Then PicPick 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.

Free screen recording tool - Expression Encoder

Do you want to prepare a video tutorial in Windws?

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.

Want to Draw on a Web Page ?

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, Markup.io

Starting by renting when you move to a new city is defeat ?

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: buying a home immediately upon arriving.

Looking for a Rented Home ?

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.

How Common Wealth Games [CWG] related to personal finance

Have you seeen the opening ceremony to the Commonwealth Games (CWG) ? Owesome right..?


Is that created over one day ? definitely not.
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.

1. Start early: 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. So this is the best lesson that all of us should learn to achieve our financial goals - Start Early

How to make 10 lakh in 5 years ?

This is in response to a question from one of the mytipstowardswealthy blog reader.

"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 just try with the compound interest calculator. As per my analysis there are two methods to achieve this goal.
1) Invest Lump-sum
2) Invest via SIP

Did you give the PAN Card number ?

If you haven't given your PAN card number the TDS rates wold be double ie 20% instead of 10%. 

You can find the TDS deductions in your
1. Pay Slip
2. Bank Statement

Growth Vs Divident Option

Most investors has the common confusion in selecting a proper option while starting Mutual Fund investment. Mainly there are three options
1. Growth
2. Dividend
3. Dividend Reinvestment.

Real Estate: Right time to Buy ?

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.

Is it the right time to invest in Real Estate ?

There are mainly two options for a new real estate investor.

1. Residential Sector
2. Commercial sector

Mukesh Ambani

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.

Emergency Fund

Life is full of surprises. 

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.

Now my concern is 

1. How Big Should be the Emergency Fund?

2. How to start ?

What 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.

So my concern is:
1. What a small investor may do under this market condition ?

How to select Best Health Insurance

Now 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. 

Types of mediclaim policies
Mainly there are two options available:  

1. Floater policy:
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.

2. Individual policy:
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.