Question 1: Interest rates have gone down. I want to buy a house. While I can fund the purchase with own funds, I think taking a home loan is a good idea since the interest rates are low. I can earn a higher return than the loan interest rate on my investments. Plus, I will… Continue Reading
In times of need, when a personal loan is not an option, many of us have to offer collateral to the bank/credit institution to get a loan. In many of our earlier posts, we have discussed loan against gold jewellery, loan against property, loan against insurance policies and loan against financial investments (securities). Since gold, insurance… Continue Reading
This year’s Union Budget is a mixed bag for salaried class and the real estate investors. Here is a look at key budget announcements. Reduction in tax rate from 10% to 5% for income tax slab of Rs 2.5 lacs to Rs 5 lacs (Positive) Introduction of Surcharge of 10% for taxable income between Rs… Continue Reading
As you start your retirement, you will need to replace your salary with another source of regular income. If you have been part of a defined benefit pension scheme or have been investing in a pension plan during your working years, you will not feel as much pinch. Those who have not purchased a pension plan… Continue Reading
Have you felt the need for gold in your investment portfolio? If you have not, you need to think again. Gold is a physical asset, is globally priced and can be a good hedge against high inflation and rupee depreciation. Even though gold is a speculative asset, it deserves a small part in your investment portfolio… Continue Reading
The latest Union Budget is a mixed bag for many investors. Though the budget had many sops for the borrowers & middle class folks, there were a few setbacks too. Let’s look at ten most important takeaways from the latest budget. 1. Tax Relief for First Time Home Buyers First time home buyers have been… Continue Reading
We discussed some of the traditional investment products in the first part of this article. In continuation of where we left off, we shall look at some other investment avenues. To start with, let us look at another popular plain vanilla product – Recurring Deposit (RD). This product is available with all the banks with… Continue Reading
Inflation can be defined as across the board sustained increase in prices of domestic as well as imported goods and services and fall in the purchasing power of the home currency. Inflation rate can be measured through a benchmark price index. It can be wholesale price index (WPI) or consumer price index (CPI). A price index… Continue Reading