Successful Investing
July 30, 2015
Time-tested system that ensures you has money when you need it the most and do not have to make compromises START INVESTING EARLY There is ample evidence that it pays to start early to realize your financial goals KEEP SOME MONEY ASIDE FOR EMERGENCIES Disasters do not strike with a warning; make sure you are not a sitting duck THINK CAREFULLY ABOUT HOW LONG YOU ITILL BE INVESTING FOR Have a time frame with investments; else you will be all over with your finances REMEMBER THAT INFLATION WILL EAT INTO YOUR SAVINGS Inflation has the reverse impact of compounding and takes away the value of what you have ASK YOURSELF HOW MUCH RISK YOU CAN TAKE Understand that risk tolerance
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12 Rules to Invest Wisely
July 30, 2015
( and reap benefits in any market conditions)Rule 1: Invest regularly Rule 2: Start investing early in life (and get the power of compounding to work for your Investment ) Rule 3: Never try and time your investment basis tips, market trends or economic outlook Rule 4: Inflation and Taxes will eat into your returns. Therefore know your actual returns in hand Rule 5: Diversify your investment, across asset classes, to spread your risk Rule 6: Balance and re-balance your investments as you age Rule 7: Expect reasonable returns from your investments and sell, once you have got the returns you seek Rule 8: Get over your mistakes and losses. Learn from them Rule 9: Never invest or sell in
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Premature PF withdrawals to be capped at 75%
July 27, 2015
The Labour Ministry is set to cap premature provident fund withdrawals at 75% of total deposits in case an EPFO subscriber goes without a job for two months. The rest 25% would be paid to the subscriber at the age of 58 years. At present, Employees Provident Fund Organisation (EPFO) subscribers can withdraw the entire amount prematurely by showing not employed anywhere for two months. The ministry has firmed up the decision on premature PF withdrawals after the EPFO trustees from workers’ side unanimously supported the move in a meeting held here today, a Labour Ministry official said. The official said though the ministry has shown its intent to cap PF withdrawal at 75% earlier this month, they wanted to
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