Savings Rate Cut

As more banks follow, be prepared for lower rates on deposits…

Shortly after SBI took the lead in cutting the rates of interest on savings deposits, many more banks have followed suit. Banks like PNB, BOB, HDFC Bank, Axis Bank, Yes Bank and Kotak Bank have all cut their rates of interest on savings by 50 basis points. Here are 3 things that we need to understand here… Continue reading

Trading Rule – “Go, get the power of online trading”…

Online Trading has redefined the contours of Broking in more ways than one. It has brought about transparency in an otherwise opaque industry. It has made the entire broking value chain from order placement to confirmation to Demat credit absolutely seamless. But above all it has empowered the retail investor like never before. With information and action at the tips of her fingers, online is a natural choice. Continue reading

Key Components to be included in the Financial Plan…

Financial planning lies at the core of achieving your long term goals. Before you start running it is essential to know what your goal is and the direction you are going to take. In the absence of that, it does not matter how fast you run. While financial planning is a continuous process, it starts with identifying your long objectives and translating them into monetary targets. To understand financial planning better, it is necessary to understand the key components of a successful financial plan. These may not be exhaustive but largely indicative from a financial planning perspective… Continue reading

Trading Rule – “Always Focus on Your Real Returns”…

Real return is a simple idea, most people fail to appreciate. Eventually, the real return you earn matters i.e. return after inflation. Nothing steals your investment value as much as inflation over a period of time. Not including inflation into your workings can give an erroneous and an extremely misleading picture of your investment health. Get a hang of real returns for that is what you really earn on your assets. It is all about getting real. Continue reading

Financial Planning and its Benefits…

Today, the best way to begin your financial journey is through a financial plan. But, what exactly is a financial plan and what is the process that financial planning entails? As the very name suggests, it entails planning and therefore it is futuristic. Secondly, it is financial which means it translates and expresses everything in monetary terms. Let us now look at a more chiselled definition of Financial planning… Continue reading

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