RE:About Tax
by satheesh on Feb 09, 2006 12:40 PM Permalink
hi praveen why wait for 2 -3 years for buying a flat with a housing loan the trends are like this. house loan interest rates may go up. the flat cost will surely grow up in 3 years considerably. if u have the plan do it now. if u can have the benefits from right now such as monthly rental and tax benefits. you will also practice thrift by start repaying the loan. further u can sell it at a premium after 3 years and go for another of your choice then. dont wait go ahead. satheeeh nandanam@rediffmail.com
RE:About Tax
by Akshay Nagapurkar on May 14, 2008 04:31 PM Permalink
There are so many good schemes but which one is really suits you can be judged by financial advisor or me, So you can call me on 93250 40532 or 9833119937
I take home 15,000 a month. right i dont have any insurances or investments or repayment of loans. may be in the coming 2 or 3 years i may take a loan for buying a flat or a house.
If i say 5000 as my monthly expenditure, what is the best option to invest my remaining money so that i can reap much on it?
What are the different sorts of investments so that i can have drawback money in fixed times?
RE:Where to invest?
by Akshay Nagapurkar on May 14, 2008 04:31 PM Permalink
There are so many good schemes but which one is really suits you can be judged by financial advisor or me, So you can call me on 93250 40532 or 9833119937
RE:For Mutual fund investment
by Akshay Nagapurkar on May 14, 2008 04:32 PM Permalink
There are so many good schemes but which one is really suits you can be judged by financial advisor or me, So you can call me on 93250 40532 or 9833119937
i stongly approve the view expressed by dsk rao.in the booming market,all fund managers come with fantastic dream investments. also,the market reacts only after 10days of presnting budjet.the fall this time is going to be steep than anyone can imagine as contrary to everyone's thinking that pc had given a wonderful budjet,its acually a blood sucker budjet which everyone will realise shortly.
RE:Pension Plans of ICICI
by Nishanth on Jun 15, 2005 03:36 PM Permalink
Hi Thomas,
I also wanted to know the limit of pension plans in the new fiscal year. somebody says 10000 limit is still there. But somebody says each item under section 80 C got the full 100000 limit independently also. So if you have got cleared of this query please let me know of this.
The mistake most small investors make with Mutual Funds in general is that they enter at the wrong time (generally when the markets are booming), which means that they buy it when the valuations in general are pretty steep. So when the markets correct, they end up making a loss. In order to avoid entering at a high point, one should opt for SIP (Systematic Investment Plan) of the MF scheme which they want to invest in. This way one can ensure that the cost is averaged out. This happens because in a SIP, your investment is getting spread out over a few months (atleast 6 months or more). Thus, an X amount gets invested every month irrespective of the market levels. Say for example Rs.1000, then if the markets are low you buy more number of units and if they are high then you buy lesser number of units with the same amount. Thus, you making sure that you are buying more when valuations are low and buying less when the valuations are higher.
I advice strongly against investing into any of these unassured schemes simply because a carrot of Tax Saving is shown in these schemes , as you may end up getting even less than half you invested after THREE years. It happened personally in my case . I invested Rs.10,000/ in SBI Taxmagnum in the year 2001 and I got Rs.4186 in the year 2004. SBI is supposed to have experts in investments! I am feeling cheated and angry after this experience.
RE:SBI Taxmagnum
by Sitar on Mar 02, 2005 03:54 PM Permalink
Hello Sir, Its not always necessary that a player in banking industry is always a champ in investment. So after burning your hands in SBI Life u should not criticise other Unit-linked products. Other Pvt. players in Insurance sector are giving handsome returns, and of course UNIT LINKED LIFE INSURANCE PRODUCTS ARE LONG TERM COMMITMENTS, u must give it a little more time to grow. 3 years is not an enough period to see ur money grow. After all its a LIFE INSURANCE and not a MUTUAL FUND. So again next time look for the past NAV results and then proceed with ur investments and mind well atleast wait for a slightly longer periods, u will b satisfied with the results. REGARDS SITAR.
