Usually people used to have the following categories in their investments
1) Stocks
2) Mutual Funds
3) ULIPS
4) Bullions
5) Fixed Deposits
Then is it possible to monitor all these investments, SIP, their dates, NAV values, Daily returns, Overall Gains etc ?
Yes, It is possible to monitor all the investment parameters using an online portfolio management websites. Here are the links to few websites which i like,
1) http://www.moneycontrol.com/
2) http://new.valueresearchonline.com/
Just register in those websites and enter your investment details. Once you entered all the details, its super easy to monitor your investments. We can even use these websites for watching Stocks/Mutual Funds, getting alerts about present Sensex/ Nifty index up/downs etc.
We can also get the ranks, rating and comparison of Mutual funds. I use moneycontrol.com for monitoring my investments and use the Value Research Online [VRO] for keeping track of fund ratings. The VRO is considered as an independent and unbiased portfolio management website. Once we set the SIP dates in moneycontrol.com it will automatically add the investments on the investment dates. But VRO needs user interaction for adding each SIP.
Here we can also check our investment health status as a pie diagram and take a educated decission for the debt : equity exposure ratio. A rule of thumb for DEBT: EQUITY is AGE : (100 -AGE). That means when you are young you are capable of taking more risks and hence should have more exposure to Equity.
Once you approach your goals you should redeem/exit from equity and shift to debt. Its better to make this shift from equity to debt and vice versa in a Systematic Transfer Plan Approach [STP], by taking 2-3 years before your goals. Also we may need to consider debt funds only to meet short term goals, otherwise always go for 100% equity.
As a matter of caution, don't check your portfolio daily. This will give you only stress. Ideally Its better to review our portfolio only once in an year OR a maximum of twice in an year. This will help to Save Short term Tax as well as gives sufficient time to evaluate a Mutual fund or Stock.
Make use of these free online facilities and have an intelligent and successful portfolio. Happy Investing.
Monday, September 6, 2010
Friday, September 3, 2010
Fixed Deposit - To double our money ?
From my childhood days i used to hear that money can be doubled if we put it in Fixed deposit.
Is this really true ?, Yes its True.
But my concern is
1) Does FDs give a negative return
2) Should any one do FDs.
3) What are the factors which decide whether FD is suitable to me.
Answers:
1) Does FDs give a negative return:
Yes, On the basis of price index, Inflation is hovering around 9%. So for a depositor who is parking money in a bank FD with an annual rate of interest 8 %.
His actual return = Bank Interest Rate - Inflation = 7% - 8% = -1%
ie. a negative return !!.
If we consider the effect of Tax the return will be more negative.
2) Then anyone should do FDs ?
Yes, FDs are suitable for those who have short term goals [ < 3 years]. For short term goals it is not wise to take risk. For such cases FDs/Savings accound with Auto Sweep facility are the best means of investments.
3) What are the factors which decide whether FD is suitable to me.
The main factor which decide whether FD or Equities are the duration to reach our goals. For short term [ <3 years] always go for FDs.
If we have long Term goals then Equities are the best means of investment. Equities used to give an annualized return of 18-20% since the inception of stock market. Hence for the capital gain over a long period [ > 3 years ] equities are the best means of investment .
That means if we want to attain a positive return over a long period from our investment we should NOT go behind FDs because Inflation and Tax will eat out our investments in the long run.
Is this really true ?, Yes its True.
But my concern is
1) Does FDs give a negative return
2) Should any one do FDs.
3) What are the factors which decide whether FD is suitable to me.
Answers:
1) Does FDs give a negative return:
Yes, On the basis of price index, Inflation is hovering around 9%. So for a depositor who is parking money in a bank FD with an annual rate of interest 8 %.
His actual return = Bank Interest Rate - Inflation = 7% - 8% = -1%
ie. a negative return !!.
If we consider the effect of Tax the return will be more negative.
2) Then anyone should do FDs ?
Yes, FDs are suitable for those who have short term goals [ < 3 years]. For short term goals it is not wise to take risk. For such cases FDs/Savings accound with Auto Sweep facility are the best means of investments.
3) What are the factors which decide whether FD is suitable to me.
The main factor which decide whether FD or Equities are the duration to reach our goals. For short term [ <3 years] always go for FDs.
If we have long Term goals then Equities are the best means of investment. Equities used to give an annualized return of 18-20% since the inception of stock market. Hence for the capital gain over a long period [ > 3 years ] equities are the best means of investment .
That means if we want to attain a positive return over a long period from our investment we should NOT go behind FDs because Inflation and Tax will eat out our investments in the long run.
Wednesday, September 1, 2010
"What If" - An excellent Rediff Tool
Till now i always used to hear from my family members and friends, Gold is the best method of investment. I used to tell them that this is simply ignorance and lack of financial education. But i was not able to convince them upto 100% satisfaction about this fact.
But today i came across an excellent Rediff Tool "what if". When i showed this to my friends they where really convinced and started thinking!!. Many Thanks to Rediff for introducing such an excellent investment tool.
Here we can enter any Mutual Fund or any Stock. Then set the duration of investment and do "Calculate". This will give a graph comparing our investment against NIFTY, Sensex, GOLD, Silver and SBI FD. We can also add any number of Mutual Funds or Stocks for comparison.
As "Seeing Is Believing", this tool will be really useful to anyone who is doing a lumpsum investment to gain confidence and compare the various investment options.
But today i came across an excellent Rediff Tool "what if". When i showed this to my friends they where really convinced and started thinking!!. Many Thanks to Rediff for introducing such an excellent investment tool.
Here we can enter any Mutual Fund or any Stock. Then set the duration of investment and do "Calculate". This will give a graph comparing our investment against NIFTY, Sensex, GOLD, Silver and SBI FD. We can also add any number of Mutual Funds or Stocks for comparison.
As "Seeing Is Believing", this tool will be really useful to anyone who is doing a lumpsum investment to gain confidence and compare the various investment options.
My Motivations
One year back i was very much shy to speak about creating wealth, money, investment, stock markets, mutual funds, insurance, retirement etc. During the last one year I read a lot about serious wealth creation. Now I believe I have some knowledge in investment, wealth creation, insurance, Tax, retirement planning, goal setting etc. Here are details of few sites which really help me to learn the basics of Wealth creation.
1) My Journey To Billionaire Club - Blog Review.
2) Traderji.com – Forum Review.
3) Investta.com – Forum Review.
You can also see the reviews of those websites via the above links.
1) My Journey To Billionaire Club - Blog Review.
2) Traderji.com – Forum Review.
3) Investta.com – Forum Review.
You can also see the reviews of those websites via the above links.
Investta.com – Forum Review.
An excellent forum for Personal Finance, Investment, Business idea and much more. This forum was developed by Asav patel, developer of the popular blog “My Journey To Billionaire Club”. It is also moderated by Vikki Roy, a website flipper from Perth, Australia.
It is this forum and blog which really motivate me to start an online business in the form of this blog, which is capable of generating passive income in the long run. This forum really helped me
1) To take my financial investment decisions
2) To decide to stop my ULIPs
3) To Take term insurance instead of endowment policies
4) To Take mediclaim policies
5) To have an emergency fund
6) To start investing young etc etc.
Thus I can say investta is truly an Indian investment and personal finance forum.
The domain name investta.com was first registered on July 20, 2009.The top categories for investta.com includes
1) Business Ideas and Enterprenership
2) Investment opertunities
3) Personal Finance
4) Make money Online and Internet business.
To visit this forum, please go to http://www.investta.com/index.php
The most important thing I like about this forum is the layout and arrangement of various topics. I like the Template, widgets and layout of this forum very much. I used to get quick responses from this forum for all my queries. This really helped me to set my financial goals and have a balanced portfolio. Once I started reading investta I never feel that I was alone in the field of finance management. I could always find friends with similar mindset in this forum.
I suggest all the readers of “My Tips Towards Wealthy” to read the forum “investta”. I personally myself is a regular and permanent reader of this forum. I feel they are really faithful to keep their motto which say “It is our promise to the Investta members that we will be right back with the answers of all your queries in less than 24 hours (Usually in few hours). ”. Its worth spending some time daily in this forum.
It is this forum and blog which really motivate me to start an online business in the form of this blog, which is capable of generating passive income in the long run. This forum really helped me
1) To take my financial investment decisions
2) To decide to stop my ULIPs
3) To Take term insurance instead of endowment policies
4) To Take mediclaim policies
5) To have an emergency fund
6) To start investing young etc etc.
Thus I can say investta is truly an Indian investment and personal finance forum.
The domain name investta.com was first registered on July 20, 2009.The top categories for investta.com includes
1) Business Ideas and Enterprenership
2) Investment opertunities
3) Personal Finance
4) Make money Online and Internet business.
To visit this forum, please go to http://www.investta.com/index.php
The most important thing I like about this forum is the layout and arrangement of various topics. I like the Template, widgets and layout of this forum very much. I used to get quick responses from this forum for all my queries. This really helped me to set my financial goals and have a balanced portfolio. Once I started reading investta I never feel that I was alone in the field of finance management. I could always find friends with similar mindset in this forum.
I suggest all the readers of “My Tips Towards Wealthy” to read the forum “investta”. I personally myself is a regular and permanent reader of this forum. I feel they are really faithful to keep their motto which say “It is our promise to the Investta members that we will be right back with the answers of all your queries in less than 24 hours (Usually in few hours). ”. Its worth spending some time daily in this forum.
Traderji.com – Forum Review.
I came across this site some 8 months back and this forum really helped me a lot to take my financial investment decisions. This is an Indian stock market forum for investors and traders.
The domain name traderji.com was first registered on December 06, 2002. According to Alexa, Traderji has a worldwide rank of 21,585, is ranked 1,229 in India, and has 112 external websites linking to it. Compared with Internet averages, the site's audience tends to be male; they are also disproportionately users with high earnings and have postgraduate educations.
Visitors to the site view an average of 5.7 unique pages per day. Traderji.com is one of the top 50,000 sites in the world and is in the chats and forums category has a relatively good traffic rank in the city of Pune.
The top categories for traderji.com includes Equities, Derivatives, Mutual Funds, ETF, General Trading, Trading Softwares, Borkers and General Chit chat. The High Impact Search Queries for traderji.com are demat, forex, intraday, trading, sbionline etc.To visit this forum, please go to http://www.traderji.com/
The most important thing I like about this forum is the layout and arrangement of various topics. I like the Template, widgets and layout of this forum very much. I used to get quick responses from this forum for most of my queries. It really helped me to maintain a balanced portfolio.
I suggest all the readers of “My Tips Towards Wealthy” to read the forum “Traderji”. I personally myself is a regular and permanent reader of this forum for the last 8 months.
The domain name traderji.com was first registered on December 06, 2002. According to Alexa, Traderji has a worldwide rank of 21,585, is ranked 1,229 in India, and has 112 external websites linking to it. Compared with Internet averages, the site's audience tends to be male; they are also disproportionately users with high earnings and have postgraduate educations.
Visitors to the site view an average of 5.7 unique pages per day. Traderji.com is one of the top 50,000 sites in the world and is in the chats and forums category has a relatively good traffic rank in the city of Pune.
The top categories for traderji.com includes Equities, Derivatives, Mutual Funds, ETF, General Trading, Trading Softwares, Borkers and General Chit chat. The High Impact Search Queries for traderji.com are demat, forex, intraday, trading, sbionline etc.To visit this forum, please go to http://www.traderji.com/
The most important thing I like about this forum is the layout and arrangement of various topics. I like the Template, widgets and layout of this forum very much. I used to get quick responses from this forum for most of my queries. It really helped me to maintain a balanced portfolio.
I suggest all the readers of “My Tips Towards Wealthy” to read the forum “Traderji”. I personally myself is a regular and permanent reader of this forum for the last 8 months.
My Journey To Billionaire Club - Blog Review.
I came across the Blog “My Journey To Billionaire Club” around 6 months back. Its a Financial Planning Blog with various topics on Personal Finance, Entrepreneurship and Business Ideas. “My Journey To Billionaire Club” was founded in March 2008 by a 24 years old MBBS student Asav Patel from Ahmedabad, India.
As per http://www.alexa.com/siteinfo/myjourneytobillionaireclub.com, “My Journey To Billionaire Club” is ranked number 215,424 in the world. Compared with all internet users, it is more appealing to men. Its visitors also tend to consist of users browsing from home who have postgraduate educations. Visitors to this site view 1.7 unique pages each day on average. About 71% of its visitors are in India, where it has attained a traffic rank of 24,370.
As per http://www.freewebsitereport.org/www.myjourneytobillionaireclub.com, here are few statistics
Alexa Traffic Rank 215,174
Page Rank
Daily Page Views 5,112
Pages Daily Ad Revenue $15.34 USD
Monthly Ad Revenue $460 USD
Linked with 45 Websites
The most important thing I like about this Blog is the design. I like the Template, widgets and layout of this blog very much.
I have read most of the articles on “My Journey To Billionaire Club”, but still remains many more to read. The articles are very accurate and provides me the very basics information of investment and wealth creation. As Asav said this is really an “an Online Personal Finance Magazine”.
Now I suggest all those readers of “My Tips Towards Wealthy” to read the Blog “My Journey To Billionaire Club”. I personally myself is a regular and active reader of this Blog for the last 6 months.
As per http://www.alexa.com/siteinfo/myjourneytobillionaireclub.com, “My Journey To Billionaire Club” is ranked number 215,424 in the world. Compared with all internet users, it is more appealing to men. Its visitors also tend to consist of users browsing from home who have postgraduate educations. Visitors to this site view 1.7 unique pages each day on average. About 71% of its visitors are in India, where it has attained a traffic rank of 24,370.
As per http://www.freewebsitereport.org/www.myjourneytobillionaireclub.com, here are few statistics
Alexa Traffic Rank 215,174
Page Rank
Daily Page Views 5,112
Pages Daily Ad Revenue $15.34 USD
Monthly Ad Revenue $460 USD
Linked with 45 Websites
The most important thing I like about this Blog is the design. I like the Template, widgets and layout of this blog very much.
I have read most of the articles on “My Journey To Billionaire Club”, but still remains many more to read. The articles are very accurate and provides me the very basics information of investment and wealth creation. As Asav said this is really an “an Online Personal Finance Magazine”.
Now I suggest all those readers of “My Tips Towards Wealthy” to read the Blog “My Journey To Billionaire Club”. I personally myself is a regular and active reader of this Blog for the last 6 months.
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