Owner: The Money Maniac URL:http://www.investinternals.com Join Date: Fri, 21 Dec 2007 08:27:55 -0600 Rating:0 Site Description: The Money Maniac is a Best Personal Finance blog and investing guide featuring beginner investing, personal financial planning, insurance solutions, child investments and money managements. Site statistics:Click here
Insurance Claiming – 5 Best practices to make it hassle free 2008-03-07 06:19:00 Claiming insurance is painful if you are not planned well. Please find below 5 steps you have to consider and take care off:1. The major material fact is insurer can reject your claims if wrong details provided by you or any provided misleading information about yourself, your health , family history, occupation, financial details etc… to avoid this, ensure and the furnished information are true and correct. Misleading or improper information can make your policy claim null and void.2. There an another big issue related to nomination: Before doing any nomination, you have to inform your nominee about all including, policy number, insurer contact and addresses as well as he/she should have access to the policy documents. Proper management of nominee can avoid claim delays till a great ext
What is your personal wealth? How to calculate that? 2008-03-05 10:11:00 Identifying your net worth will not only help you to plan your finances in a better way but also can have a control on your expenses. I am correlating the major assest and liabilities one may have and the formula to calculate
the net worth.Using below formula, once can identify his exact net work:Net worth = (Total Assets – Total Liabilities)At first, you have to write down the possible assets you have, from the below mentioned group:A. Cash in hand 1. Savings account balance 2. Fixed deposits 3. Life Insurance 4. Recurring depositsB. Others 1. Investments 2. Equities 3. Mutual funds 4. Bonds 5. Pension Plan 6. Real estate (not your house)C. Personal assets 1. Home 2. Vehicle 3. Jewelry 4. Electrical & Electronics 5. Computers 6. Furnit
A practical method to teach your kid about the value of money 2008-03-02 10:34:00 There is a proverb “Childhood habits remain till graveyard”. If a kid learned good habits at her childhood, she will hold the same till the end on life. Why I am saying is, teaching money management to your kid should start early as possible. As soon as she starts identifying the world one by one, give her chance to learn about money and money management. This will be with her wherever she goes. Try the following steps.The very beginning step is developing a savings habit to her. To do this, present her a piggy bank when she is in the age of two or three. Give her coins everyday to deposit into her piggy bank. You can see the wonder by test her savings habit by keeping some coins to a place where her attention is getting. I am sure, once if she saw the coins, it will certainly go to h Read more:method
7 Great ideas to accumulate gold through easy steps 2008-03-01 08:28:00 Buying gold not only giving security and profit in the future but, also it is a good investing instrument to hedge against inflation. Buying gold in one time require plenty of money and it is impossible for an ordinary person to buy enough at a time. Following are some easy steps
anybody can follow to acquire gold like a Systematic investment approach in mutual funds. Try it and be wealthy.Idea 1 : Buy coins monthly using systematic approach : Through this approach you can accumulate gold coins each and every month. A one gram or 2 gram coins can be purchased each month after getting your salary. Depends on your capacity, you can use surplus amount to purchase the coins in the end of each month. This is a best method to accumulate gold as drop by drop.Idea 2 : Buy Gold ETF (Exchange Traded Read more:Great
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Build a perfect portfolio for your Kid 2008-02-29 04:58:00 All loving parents have a dream on their kids and willing to provide the best education from the beginning. At present, we all are well aware about the difficulty to meet the huge expenses for higher studies. Is there any solution for this? Yes. As an intelligent parent, you should identify have a well defined financial plan to meet the requirements.One secret is to remember when planning for kid’s future, it should start at the early stage and the money should grow along with your kid. To grow the money along with your kid, good study required before making any investment decision.Here is my personal plan for my kid: I have planned and started when my baby was one month old. With this plan, I am giving her a good mix of mutual fund portfolio of 12 – 15 funds, both equity and balanced Read more:Build
Convert a Bad Habit to Millions… 2008-02-28 09:14:00 Very strange!! Convert
ing a bad habit to millions !!. Possible? Yes, possible. If you have right mind and little willpower. Read the following once if you have a bad habit that you really want to stop and earn instead. Particularly, you should be pity if your family expecting you too long live and when seeing the cute faces of your kids. Simple explanation to a bad habit is, spending money to get something regularly that is not useful in any way to your life and can slowly spoil your health and life.. e.g. smoking, drinking, gambling etc..A perfect example is as follows: A guy smoking 2 packets of cigarettes per day and the cost of the same is 8 dollars in an average. In a month he is spending $8 x 30 = $240 and yearly $8 x 30 x 12 = $2880. If he had that habit for last 10 years, he wou Read more:Habit
Key aspects while investing in equities 2008-02-24 02:38:00 1. Invest in a company whose business you understand. This is the best and tested advise from the value investing Guru Warren Buffett. To see Warren Buffett's principles, Click HereYou can find the advise of Benjamin Graham to investors, Click Here2. In the long-term, stock prices trace earnings growth and also, the company’s ability to generate free cash flow. While there can be volatility in the interim period both in stock prices and company’s financial performance, if one has the confidence that a company can go the distance, invest. But, it is advisable for a long term to generate enough returns.3. While the mid-cap and small-cap companies can be exciting along with risk. It is always judicious to have a mix of both these categories. A perfect stock portfolio should require a dive Read more:aspects
5 Great investments instruments for retail investors and practical ideas 2008-02-23 04:04:00 1. Stocks – In a volatile market, we are not sure to predict the future. A retail investor should be clear about his risk profile and choose his entry point correctly. He should be stay invested for long term to overcome the volatility and take advantage from the bull run. It is a best practice that, allocate (100 minus your age) % to equities and invest rest in debt funds, bullion and real estates.Click Here to see the very useful Ten Commandments for Stock Investors2. Mutual Funds – It is important to identify the type of mutual funds i.e. equity, debt, gold etc, from the basket to do the correct allocation. Investing through SIP (Systematic Investment Plan) certainly help you to protect from volatile market and erosion of capital. Investors should have a medium to long term view and Read more:Great
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5 Steps to Retirement Planning 2008-02-22 04:41:00 There are two important highlights on retirement planning are:1. It is very personalized process, unique to every individual.2. It is an on-going process because what we are aiming at is not fixed.Planning for retirement is a long journey but a resolute and systematic step-by-step approach makes it a lot less laborious.1. Start Early – A well prepared approach towards any goal is usually the result of an early start. Retirement planning is no different. Financial Planners always saying to start early as possible for retirement planning. That is exactly a correct approach. Starting early can identify and rectify the investing mistakes in the early stages. Also, you will be surprised with the result in the later.Even if you don’t have sufficient money to start planning early, don’t wo
Fight Against Identity Theft 2008-02-21 04:48:00 Each one of us have their own identity that we need to protect. Identity Fraud is a rare type of crime. It is done when an impostor obtain pieces of personal identifying informations like your name, credit card number, Social Security number without your permission.
How do this thieves steal your identity?
- Old-Fashioned Stealing – stealing wallets,mails that include bank and credit card statements; pre-approved credit offers, and new checks or tax information.
- Changing Your Address – diverting your billing statements to another location by filing change of address.
- Dumpster Driving – rummaging trash looking for bills or other paper with your personal information on it.
- Skimming- stealing your credit/debit card numbers using special storage device when processing your car
7 Steps to Responsible Borrowing 2008-02-20 05:07:00 Are you comfortable to buying money from your bank? Do you know how much you can afford? Do you feel you are choosing the correct loan? If your answer is ‘No’ to any questions, this is the article for you to make confident and competent in your relationship as a borrower.It is better to cut your coat according to the cloth. If you can’t afford to repay a loan, you should not take it! But how do you borrow wisely? To answer the question, it is best to begin with what you are borrowing for. Is it for consumption or you are buying as asset which will be put to productive use? How do you decide whether you are making a wise and responsible borrowing decision? Follow this 7 steps and you will be sure.STEP 1 – Make sure you can afford it – you have to pay it backLook at your monthly bu Read more:Borrowing
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Home Loan Insurance Plan – Requirements and benefits 2008-02-18 11:07:00 When you take out a home loan, you are basically securing that loan against your home. Failure to make repayments on the loan could, therefore, result in the home loan agency taking over your home. To ensure this doesn’t happen, you have to be certain before you commit yourself to a loan that you can afford to make the payments or the EMI’s.So, how does one secure from this? “A life cover equal to the value of the loan or more is the best answer ! ”What is exactly the home loan insurance plan?A home loan or mortgage insurance plan is designed to help repay the home loan outstanding in the event of the loan-taker’s untimely death. In case of policy holder’s unfortunate death, the life insurance company will provide the sum assured to take care of the outstanding loan and save t Read more:Requirements
Raising Emergency fund to head off a crisis 2008-02-17 04:29:00 For most us, sometimes fails to provide funds for an emergency. Proper action could give you solution to meet the requirements and this article providing an information about the possible source you can utilize to meet the crisis.Below are the channels, % of interest and the time taken1. Employer Loan / Subsidy % interest is usually low and Time taken is variable2. Overdraft against FD, Around 2% over FD rate and time taken is 8-10 days3. Loan against Fixed Deposit , around 2% over FD rate and time taken is 1-2 days4. Loan against shares, MF’s and financial securities, 12-13% interest and time taken is usually 3-4 days5. Loan against property, Around 12-15% and usually 12-15 days6. Loan against gold and Jewelry, around 12-13% and Money will receive on the spot7. Loan against insur Read more:Emergency
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Time tested principles – Start Investing Early and Invest Regularly 2008-02-16 03:50:00 SIP – A boon for investorsOne of the best rules of investing is to save on a regular basis. SIP or Systematic Investment Plan provides the investor the best combination – Dollar Cost Average (DCA) and compounding, available to investors. Investing
a fixed amount every month through SIP makes the investor disciplined and benefit from the market appreciation over time. Investors can invest the minimum amount (depends on various mutual fund houses) per month in a fund.Source: Pricipal Mutual fundDollar Cost Average (DCA)Investing a fixed sum regularly means averaging out the cost, as the investor gets fewer units when the NAV goes up and more when the NAV goes down. Investing through SIP, an investor can invest a fixed amount every month in a fund and take advantage of the fluctuations in Read more:Early
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Golden Nuggets from John Templeton and its hidden meanings 2008-02-15 10:10:00 “The time of maximum pessimism is the best time to buy and the time of maximum optimism is the best time to sell” – He is informing us to buy stocks when public are panic and sell when public are greedy“I never made money for clients by buying anything expensive” – Telling to research and find out the fair price of a share. This nugget saying the requirement of homework.“The only investor who should not diversify is the one is right 100 percent of the time” –Informing us the bad habit Overconfidence.“For those properly prepared in advance, a bear market in stocks is not a calamity but an opportunity” – A structural financial plan with long term outlook make an investor able to not panic on stock market fluctuations. Instead, he can celebrate the buying opportunity g Read more:Golden
Portrait of the successful investor 2008-02-14 09:12:00 What works for them can work for you“What's the secret to investing success?” It's a difficult-if not impossible-question to answer. Investing isn't really about secrets. It takes a good deal of research and discipline, a fair amount of patience, and tolerance for mistakes to make a successful investor.That said, if you sit down and talk with some of the more successful investors, you begin to see some characteristics they have in common:A principled approach Before they even start to invest, successful investors have given a lot of thought to the investment process. They've established clear, practical principles to guide their investment decisions and portfolio strategies. Establishing these principles before constructing the portfolio makes it easier to achieve the desired risk/retu Read more:Portrait
What a retail Investor want to do in a fluctuating stock market? 2008-02-14 06:22:00 As a retail investor, spend time to do proper research before investing money in the stock market. Through proper research, one can avoid possible money losing mistakes and bad decisions. For a retail investor, investment strategy and asset allocation shouldn’t vary year to year and he shouldn’t react on market fluctuations. Instead, have to stick with his investing strategy for great success. A retail investor should be able to identify his risk profile before start investing. Panic or greedy nature of an investor will lead him to wrong decisions to lose money or possible profits. He should have enough patience to stick with investment time horizon and financial goals. In my previous articles, I mentioned, investment is not just a time pass or hobby but it is a passion with commitmen Read more:Investor
Online Bank Account Facilities – What you have to consider? 2008-02-13 09:12:00 We all are aware about the requirement and necessity of a bank account for our day to day life. There are some points everybody should keep in mind while selecting a bank account. A bank account with good facilities will act like your assistant to save your time in a greate extend. Before starting an account, enquire about the below services possibilities with this account.Basic Banking facilities- Check account balance and statements- Check credit card transactions- Fund transfer to anywhere- Single point view of your banking relationship with multiple financial providesMailbox Facility- Facility to leave standing instructions- Get in touch with bank manager for addressing grievances with record of correspondences- Online facility to open an account or service requestsValue added services Read more:Account
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Debt - Dangerous or Friendly? 2008-02-11 05:01:00 We are all well aware that Debt is very dangerous and it can trash our financial freedom in a greate extend. There are simple points we want to remember to convert dangerous debt to friendly one. If you are choosing the debt properly and wisely, debt can be very friendly and will not give more burden to you.Below are some simple steps to choose and plan debt:1. Choose debt with the lowest available interest rate. Needs and emergency will not give people ample time to think about this. They will act foolishly with improper debt and finally that will put them in deep trouble. Act wisly and take time to choose proper interest rate and place to get.2. You should read and understand each statements in the lines before making the choice. Danger can hide in between lines of the document. Should Read more:Friendly
Why Debt Funds in your portfolio? 2008-02-09 04:27:00 Investments in debt forms a part of every investors portfolio, either as debt funds, fixed deposits or bonds. Tax efficient returns and diversification of assets are some of the reasons why debt funds will play a bigger role in an investor’s portfolio.Tax Efficient returns: Countries like India, with debt funds poised to give 9-10 per cent returns, they are comparable to bank FD’s, and better than the administrated return schemes to this end. Add to it the tax benefits. Unlike interest from bank deposits, which are taxed at the marginal rate of taxation applicable to the investor, dividends from debts funds are exempt from tax.Rebalancing the portfolio: Equity fund will give outstanding returns to investors when it is the peak. With market touching new peaks, it is probably time for pr Read more:Funds
Benefit of buying a term insurance policy 2008-02-09 04:25:00 Term insurance
is a category of live insurance policies in which the premium is not returned at the end of the policy period. In simple words, in case of policy holder dies and the policy is still running, his nominee will receive the some insured. But, if he survives the policy term, he will receive nothing.The premium for term policies is equal to the mortality premium, which is an integral part of all insurance policies. Due to this the premium outgo on such policies is lower than those of other policies, such as an endowment plan.The biggest advantage of a term policy is that one gets adequate insurance for a cheap premium. Another benefit is that although one may get into a long-term contract with the insurers but there is no binding as far as the insured is concerned. Therefore, even
Astrologers – “Year of Rat” may portend losses in Asian stocks 2008-02-08 10:27:00 Mr. Tony Tan, founder of the Academy of Chinese Metaphysics says that 2008 is the “Year of Rat” and this will give potential losses to the Asian
markets. He also says that the year 2007 was the “Year of Pig” and that shows the peak in Asian stock markets. “Just like a rat, investors will have to be nimble” says Tony a Singapore based astrologer.It is going to be highly competitive year. Chinese astrology based on a mix of philosophy and astronomy dating back more than 3000 years, has 12 animals that combine with five elements to define each year, making up a 60 year cycle.Mr. Tony expects the markets will bottom up in April, a dangerous month for stock because of clashing elements. Prices may rebound as the Year of the Rat continues, without setting new heights.The year of the
The Ultimate value investing wisdom [Digg] 2008-01-08 08:13:17 Sotck and stock market investing! The easiest way to gain wisdom is learn from the wise. Benjamin Graham and Warren Buffet are last word in the value investing world and these are pearls from these great investors. Read more:Digg
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Where money matters, it just works [Digg] 2007-11-25 09:20:26 Investments, Stock market, Mutual funds, financial planning, retirement, insurance, children plan, higher study, marriage, holiday, dream home or car? Wherever money matters
… It just works. Learn investment from world famous investment gurus like Warren Buffett. Identify and buy the best investment reference materials available in the market. Read more:Digg
Investor and requirement of patience 2008-03-12 11:00:00 Whenever digging into the success story of millionaire investors like Warren Buffett, we will get the first idea “Invest for long term”. Of course, this is the most successful mantra of all successful investors in the world. Patience, a must quality, highly required by an investor to survive in the volatile stock markets and achieve proper result. I am correlating a small story below to understand the requirement of patience
as well as stock selection with margin of safety.Suppose you are participating a boat race competition that is required to cross a river with a small boat. There are huge waves and winds during the journey. But there is a convincing price also waiting for you. What you will do? Of course you will check whether you can swim to escape if something happening. Or you w Read more:Investor
Real Estate Pre-Launch offer– Things to remember 2008-03-14 07:22:00 As we know real estate is booming and known as one of the best investment instrument today. Builders are competing to net clients with lots of pre-launch offers. One should be well aware about the following before applying to a pre-launch offer from a real estate company.#1. Find out how much trustworthy the builders is, what is his track record in the sector, what is there experience in the field. A clean track record with lots of years experience in the industry can be considered as best.#2. Check whether the builder received all the required permissions for his project. If any permission is pending, the money you spent will not give you the required profit at time. The financial capacity of the builder is a major factor to consider and understand before applying to pre-launch offers. Th Read more:Estate
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Diamond-The next investment instrument 2008-03-13 09:13:00 All of we are aware about the possible investment
instruments that is available in the market today. Equities, commodities, types of mutual funds, insurance, gold, real estate, various bank deposits, bonds, money markets, art collections are some of the best know investment instruments today. At present, we are seeing the real estate boom in almost all the countries especially developing countries which giving huge profit to those who are investing by considering all the factors properly.Still investors awaiting to find out an emerging investment instrument that provide maximum capital protection and huge profits. Here is one you can certainly consider to invest and that is Diamonds. Yes, the value and price of diamond increasing day to day basis. Also it has an another advantage that, whi
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