Seasons Greetings
Where can you find the NAV of your Mutual Fund Investment.
You may visit the AMC’s website or you may go to AMFI website. NAV
Register your email address and mobile number when you fill the Mutual Fund application form.
So, if your email is registered you can place a request for email statement online with CAMS or KARVY .
MORE TO COME
HAPPY NEW YEAR
I would like to share some of the sites and blogs for following.
This may be useful to some extend,to start Equity trading and to invest in Mutual Funds.
My humble opinion is “Never spend on TIPs”
There are so many good people to share their knowledge and experience through Blog writings.
This new generation and their habit of blog writings is exciting.
some web sites you may visit for trading tips.
for Mutual Fund analysis
Strange Stories ( not a finance blog)
HAPPY TRADING
What is 2G Spectrum?
2G is ‘Second Generation’ wireless telephone technology.
After the launch of 2G, we tend to call the earlier basic service as 1G.
2G obviously more efficient on the spectrum allowing for far greater penetration. In 1G network signals are analog while it is digital in 2G.
It increases system capacity as digital voice data can be compressed and multiplexed more effectively, thus allowing more calls to be backed into the same amount of radio bandwidth.
Most importantly the digital system emit less radio power from the handsets.
Also, we all know digital means increased sound quality.
Beyond 2G there is 3G (Third Generation) Higher data speeds and 4G in developed countries.
The first Pre-Commercial 3G or Third generation was launched in Japan by NTT DoCoMo in Japan in May 2001.
In India MTNL started 3G enabled mobile service in 2008.
There is going to be auction for 3G in India soon.
With Government FDI norms relaxed, Google is intending to bid with an Indian partner.
for detailed reading visit http://www.three-g.net/
you may also refer wikipedia
Sensex watch will give us how we miss opportunities.
8th Oct ‘09 16844 up by 37 points
8th Oct ‘08 11328 down by 367 points
Sensex October 2008 Low is 8510 (on 27th Oct ‘08)
This will give us an idea how much we miss an opportunity to cash in.
Many investors stopped watching or following the market when the market was moving downwards.
Every fall is opportunity to invest (Buy).
Another Example is March 2009.
Be a disciplined investor. Follow market on daily basis.
You must watch the price of your holdings everyday.
Have target price and book profit.
Set Stop loss and adhere to it strictly.
TIN is Tax Information Network of Income Tax Department.
It is a repository of Nationwide Tax related information and has been established and managed by National Securities Depository Limited (NSDL) on behalf of Income Tax Department of India.
One of the services by TIN-facilitation Centers (TIN-FC) is Form 26AS. It is a facility for PAN holder for viewing his annual tax statement.
One need not wait for his Form 16 or Form 16A to know his Tax Deducted at Source (TDS).
It is updated on Quarterly basis.
All PAN holders can register online.
Cost involved is Rs 17, if you visit the TIN-FC center or Rs 117 if TIN-FC official visit you for PAN verification.
Register and enjoy. very useful . make use of it. never spend for this thro’ any agency. you can do it yourself.
visit TIN NSDL
Wealth Creation, what does it mean?
Accumulating money for a future goal. (saving)
It should beat inflation.
There are many ways.
(Bank FD, RD, Company Deposits, Post Office Saving schemes, Insurance Plans, Mutual Funds, Gold and Land) - the order has no significance.
Every one has his own priority.
But all should have exposure to Mutual Fund. One of the best ways to invest in Mutual Fund is SIP. (Systematic Investment Plan).
Small investments made regularly can become Big sums over a period.
An investment of Rs 1000 per month over a period of 33 years (that is from age 25 to 58) shall grow to over Rs 87 lakhs at 15% rate.
The smart way to invest in stock markets.
This is what experts and broker houses insist about share trading,
Whenever you are tempted to do
what everybody else is doing;
don't
It seems, no one is following
“You must be the Change, you wish to see in the world”
-Gandhiji
This one is quoted by many people in their speeches.
i like it too.
Look inside
and you will see
if your actions
are just and true
You are here
for a purpose
You haven’t
forgotten, Have you?
Thanks TOI
I feel, on this Special Day, remembering him is must for every Indian.
He was and is inspiration for many world Top leaders and also to many Individuals. (Martin Luther King to Obama, Beatles to MJ).
I would like to present here the song “They Killed Him” from album ‘knocked Out Loaded’ first written by Kris Kristofferson.
Thanks TOI
The new Tax rates for the Financial Year ENDING 31st March 2010.
For Women up to 1,90,000 Nil.
For Senior Citizens up to 2,40,000 Nil
There is “no entry load” on Mutual Fund investments from 1st August 2009.
when you invest in Mutual Funds thro’ Financial Advisor, so far, there is an entry load of 2.25% ( even for SIP investments). This is up to 31st July.
SEBI, the regulator ruled that there should not be any entry load on investments from 1st August 2009. There will be an exit load of 1% on redemption.
wait till the deadline and then invest(after 31st July)?
advise the client not to invest in July’09 ?
close the doors and stop accepting the purchases?
what is actually happening ? ? ? ? ? ?
what is right ?
is there any answer ? ? ?
The market was very volatile (as usual) in the recent times.
During 2009 Sensex was at a high of 15600 in June and at a low of 8047 in March.
If you buy and hold at every low you would have gained in an average 20% to 30%.
If you feel the return of 20 % to 30 % in share market is very less, then you dint understand market and it is not the place for you. you have to start some other business.
You buy regularly at every low and hold it for a long term. ( long term differs from person to person). For someone who earned or lost huge in share market one month is long term.
Normally you hold it for min 3 years, accumulate at every opportunity. if the price of your holding rises more than 70% sell it off. Sit on cash. wait for the opportunity.
It happened between March’09 to June’09. Unimaginable return. Axis Bank, ICICI Bank and Reliance Capital gave more than 150% return.
it is very occasional. at times you may loose also but never sell at a loss. wait for the opportunity to buy. every fall is an opportunity.
So invest in equity, treat it as a business, devote time for this every day.
Happy Trading
to be continued
WEALTH HAS BECOME THE YARDSTICK OF SUCCESS.
“If a man is wealthy,(it means)he is handsome and wise and he can sing well too” it is a Yiddish proverb but it could be applied anywhere in the world, with wealthy people expressing ‘strong’ opinions on everything under the sun. Money seems to confer the highest caste on people and they seen to hold the key to wisdom. we listen to them attentively, hoping some of the magic will rub off on to us.
It is been instrumental in improving our lives and made the world far more democratic because anyone can buy anything today in exchange for a few pieces of paper.
Today,the poor can afford what even the rich found difficult in the past – foreign travel, for instance.
It is one of the major energies of the world, along with sex, although in many cases, the two go together. Even remote tribal who still live in a moneyless world feel the force of money when outsiders use paper currency to buy their land and are granted the right to fell their forests.
So, what do we do? Make money, spend it and enjoy it. In the meantime, it is vital to recognize our relationship with money and how it colors our relationships with others, including those most dear to us. Money is not a piece of printed paper, it has acquired enormous emotional connotations and psychological hues.
Money spells power, control, comfort and security. Fawning friends and the envy of peers makes having money even more satisfying . It gives us a sense of superiority.
Sometimes it seem as if a man’s most enduring love affair is with money, his own money and that of others.
it is an obsession, almost an occult possession by another entity. In its pursuit, men and women can become ruthless, even evil.
Rich men use money to cheat death by trying to buy immortality . some of the foundations they run have less to do with compassion and more to do with their personal wish to perpetuate their names. It’s extremely rare for anyone voluntarily to give up money and power. Andrew Carnegie (Nov25,1835 – Aug 11,1919) was that rare individual. He wondered “what to do with the enormous wealth we have” and wrote that surplus wealth could be disposed off in three ways
Traditionally, people opt for for one of the first two but Carnegie concluded that an individual should “ set an example of unostentatious living; provide moderately for the legitimate wants of those dependent upon him: and, after doing so, to consider all surplus revenues which come to him simply as trust funds” to be used for the good of the community. The man of wealth then becomes a trustee and agent for his poor fellowmen.
Carnegie knew all about poverty. He was born in a one-room cottage in Scotland. His family emigrated to America, where he took up his first job at 13 years in a cotton mill. In a classic rags-to-riches story, he built a profitable empire of steel (which later became US Steel) and became the world’s second richest man, after Rockefeller. After some time, Carnegie sold his company and devoted the rest of his life to philanthropy, building more than 3000 libraries, schools and universities in America. He wrote: “The man who dies rich dies disgraced”. By the time he died, he had given away the bulk of his vast fortune.In India JRD Tata did something similar.
Money can bring us joy; it can bring us misery; it can buy us attention, isolate us; binds families or split them. Everyone have to understand money, build a healthy relationship with it, realize its true value and purpose.
Thanks Sunday Times.
I feel In India, we have more Philanthropists. N R Narayana Murthy and Nandan Nilekani come to my mind immediately.
Govt budget alone can not bring in welfare to all the citizens in any country. The rich and the Corporate have a duty to contribute MORE to the Nation.
You (individuals) are supposed to file your Income Tax return every year before July 31st.
Now you are filing the return for the financial year 2008 – 09.(for the earnings from 1st April 2008 to 31st March2009)
The assessment year is 2009 –10.
No document (even TDS certificate) should be attached to the form.
1 In paper form using ITR 1 to ITR 4
2 Electronically under digital signature (online)
3 Electronically (online) then submitting the verification of the return in Form ITR – V
Did you benefit from the record rise on ‘Golden Monday’ post election results?
Popular belief is that most of the investors could not benefit from this rally as more often than not,
investments are guided by feeling of greed and fear.
Remember, an investor’s worst enemy is not stock market, but his own emotions.
I would like to reiterate,
"It is not timing the market, it’s time in the market that is important".
Think of each SIP payment as laying a brick. One by one, you can lay the foundation for secured financial future.
The big question is
Is it RIGHT TIME to invest in infrastructure NOW ?
Yes. one may invest in this Reliance Infrastructure NOW.
HAPPY INVESTING
Here your money gets doubled in (approx) in 8 years.
But you also have to look for some variable returns with some risk.
That is equity trading or share trading where your money MAY get doubled in 3 months ALSO.
also there may be notional loss.
to be continued
The very name – NPS - is having different expansions.
As per PFRDA website NPS is NEW PENSION SYSTEM.
As per Times of India it is NATIONAL PENSION SCHEME.
As per majority of public it is NEW PENSION SCHEME.
Please correct me if am wrong.
The Govt of India introduced attractive new Pension scheme.
It is effective from 1st May 2009.
Anybody can invest in this scheme.
It is similar to the scheme for Central Govt Employees which gave a return of 14.5% in 2008 – 09.
I would like to share this article which i read from The Times of India.
Excerpts from the High Value ‘Breath Taking’ article.
Teachings of His Holiness Sri Sri Ravishankar Founder ‘The Art of Living’
Health is having a disease free body, a quiver free breath,
a stress free mind, an inhibition free intellect,
an obsession free memory, an ego that includes all
and a soul that is free from sorrow.
The holistic approach of well being includes exercise, breathing and meditation.
Breath is synonymous to Life. Our Life is our Breath, our breath is our life.
Breathing is the first act of life and it’s the last act of life.
In between, the entire life we are breathing in and out, but not attending to the breath.
Have you ever counted how many times you breathe in a minute?
In one minute we breathe nearly 16 to 17 times.
If you are upset it may go up to 20 and
When you are angry and tense it could go to 25.
It is 10 per minute when you are calm and happy,
2 to 3 if you are in meditation.
We are using only 30% of our lung capacity.
The mind is like a kite and the breath, a thread.
For the mind to go high the breath needs to be longer.
Your Breath gives enormous energy.
Smile more in life. Don’t take things too seriously.Doing trataka with a bright object like the candle flame for more than a month is not advisable.Use some other object such as a black spot or an image of your favourite deity.
Thanks 'Times of India'
visit http://www.timeswellness.com/
Thanks Seema Hingorrany and Times of India.
Temper is the one thing you can't get rid of by losing it.
Term 5 years ( option to redeem after 3 years)
will be traded in the NSE.
