DoughCentral

2006-08-11T02:06:00.000+05:30

Young turks earning so much dough, that you end up doing nothing with it, atleast nothing constructive. No, I am not saying I am your J.P.Morgan, I am only saying that I believe in this investment thingy and I am onto it, Big time. It's ain't very difficult, if you ask me. I do not have a very fat salary and I have no 15 sisters-to-be-married-4-brothers-to-be-educated-two-blind-parents-to-be-fed type of responsibility either - While those with these responsibilities need to read up more here to know exactly what to do.

Start small, start simple. Save your money. Love isn't everything. Even if it is, It's not going to work if you cannot take your girl out for a date. Keep reading, Let's keep this blog working like a bank. : -)

2006-08-11T02:03:00.000+05:30

Well, I was just wondering about the fact that most people are so intimidated by the financial jargon all around them that they just let go of caution and treat money like water. I thought it would be prudent to cut the story short and give a simple formula for investing. Investing early.

Assuming you are young and loaded, say 25-45 years of age :

Your Hundred Bucks goes like this : 100 - 50 = 50 ( Please Spend Like crazy )

The other 50 - Invest ( Yeah, right, Invest where and how, charlie? )

Out of your 50 - 25 Rupees should be invested in equity ( Stocks or Mutual Funds ).

25 is left - Rupees 5 should remain in your bank account, 10 should get into a recurring deposit or Fixed Deposit and the last ten should be again split into 5 and 5. The first 5 should be spent on a life insurance policy ( Please do this when you are young, so you can pay a minimial premium ) and the last 5 should be used for a health insurance policy, motor vehicle policy - which is mandatory anyway - and other such policies which you deem are important for you.

There you go, the best way your 100 rupees could have been spent. You can blow this figure up and then calculate for your cash inflow and outflow. Most importantly, Invest when young, and keep invested.

Heavy wallets give you a kick. I am sure you know it.

2006-08-11T02:01:00.000+05:30

Investopedia.com - The most successful investors were not made in one day. Learning the ins and outs of the financial world - and your personality as an investor - takes time and patience, not to mention trial and error. In this article, we'll lead you through the first seven steps of your expedition into investing and show you what to look out for along the way.

1. Getting Started - Successful investing is a journey - not a one-time event - and you'll need to prepare yourself as if you were going on a long trip. What is your destination? How long will it take you to get there? What resources will you need? Begin by defining your destination, and then plan your investment journey accordingly. For example, are you looking to retire in 20 years at age 55? How much money will you need to do this? These are questions you must first ask yourself; the plan that you come up with will depend on your investment goals

2006-08-11T02:00:00.000+05:30

The first time my room mate spoke about it, I was flabbergasted. I was literally scared that my dear friend has lost it completely. To top it all off, I wasn't much of a finance guy myself. How mistaken I was, when I found that if you did dedicate yourself to a little learning - It could be intimidating, but then you have to put up through an enduring task of getting to know everything you can about Charts and graphs, Technical analysis ( akin to those that are used for stocks and shares ) and a lot more information about forex trading specifically. Forex is a huge, HUGE market for currencies, wherein almost all prime currencies in the world are paired up and traded. The advantages are of course the following

1. You would faint at the amount of money you can make here.

2. Your stocks and all the hype surrounding it would look like those plastic toys your granny used to purchase for you when you wore your diapers.

3. It really is not very difficult at all. All you have to do is LEARN.

4. It is 24/7 trading - Unlike your stocks which trade only on weekdays and upto 3-4 per day.

5. No brokerage - Can you believe that?

6. It can be done from your home, through your PC or Laptop.

7. It's Something you have to work hard at in the beginning, a lot of learning and ofcourse a lot of MONEY.

Keep earning and pump your wallets!

2006-08-11T01:58:00.000+05:30

Medical Insurance - The beauty of a concept wherein your Insurer pays for your medical expenses at a hospital - has just come in for a quick change by the IRDA ( The regulator for Insurance )

According to the Business- Standard - "Mediclaim policy-holders will not only have to pay a higher premium but also bear a part of the claims if the Insurance Regulatory Development Authority (IRDA) gives its nod to the proposal mooted by the four public sector insurance firms. According to industry sources, the revamped Mediclaim policy will see the introduction of the concept of "copayment." In other words, the policy will not cover all expenses, and policy-holders will have to bear a portion of the cost. For instance, on a hospital bill of Rs 1 lakh, a policy-holder may have to pay Rs 10,000. The concept of "copayment" will apply to both reimbursement as well as cash-less hospitalisation schemes. However, the concept will be applicable only to those who have crossed the age of 40. Younger policy-holders will continue to get 100 per cent cover "

Read More

2006-08-11T01:57:00.000+05:30

That number seems almost too good to be true. Something that happens to a select few. Don't believe me if you don't want to, but then , You and I can retire at 45 with that kind of money. Try one of those calculators and see for yourself. To hell with the calculators, SAVE and see for yourself.

2006-08-11T01:54:00.000+05:30

So you wanted to see how you could wage war against the discriminatory interest rates your bank charges you on your cards? Wanna play the Game?

2006-08-11T01:52:00.000+05:30

I am pissed off. I cannot help but seethe in anger at the gross negligence we all come packed with. We spend a lot of money on trash. City commands a premium on everything that is sold within it's premises and you happily give it all away, coz you cannot help it. I actually begin to wonder if there is anything we can REALLY HELP? Clothes, perfumes, lifestyle goods, food and a lot more. Everything is expensive. Please, I don't even want to talk about Real Estate. As if this was not enough, Most of us cringe at the thought of saving money. It has been mentioned over and again that by the time you are 50, you could be a billionaire. That's big, fat and happy. We won't listen. Do we? I can hear people yelling, I am too young to save, Why do I have to bother? You have to bother because if your children threw you out of YOUR house when they grow up and have families, You have no where to go. Forget living the way you are living today. You might have to think twice even you wanted to go for a cup of tea on the road side. Gear up people, Investing must begin from the day we started earning. Out of 10000 we might be earning per month, 1000 is all that takes to be put aside.

You will be well on your way to big fat SB accounts.

2006-08-11T01:50:00.000+05:30

I know the feeling. I know how you cringe and try to escape when an insurance agent tries to reach you. That's where we all go wrong. As a matter of fact, Insurance policies - I don't know if your agent ever told you this - are amazing products. There is no other class of products in the market which do what these policies can do. How? Will let you know.

1. The sum Assured you take up as your risk cover - the amount that is given to you or your family either at the time of your death or when policy tenure is up - is mind-blowing. You would not have thought of that kind of money in your life time.

2. Your family is instantly taken care of in the event of your death. 3. If you survive, All that money you saved comes back to you, with accrued returns along with the capital - You can see now that it works like a super-bank account. 4. Unit-linked insurance Plans actually make sure that you remain a long-term Investor - That my dear, is the ONLY WAY TO BECOME REALLY WEALTHY.

5. Insurance companies really pamper their customers ( WHAT? yes they do ) - They take care of your money, not because they are god, it's only because they have a committment to give your money back at the end of the policy term.

6. At the age of 70, when you are old and you are looking forward to nothing but the good angel from heaven, at the time when you have no earning ability, but you are too proud to be living off someone else, you Have loads and loads of money thanks to your insurance policy.

7. You can take loans against your policy upto 90% or so. It's almost granted. You may not have to run pillar to post and prove that you are next to god to avail of a bank loan.

8. A ULIP works similar to a mutual fund, it's immensely flexible and the liquidity options are high. Happy investing. Invest young, long and intelligent.

2006-08-11T01:46:00.000+05:30

Rediff.com - "Anyone can invest when the going is good. But the tough part is staying on course and investing even the going gets tough. The calculations and the investment decisions are the easy part, it's the self control that will be difficult. Fact: all of this nerve-rattling action caused by the rise and fall of the Sensex has nothing to do the with the retail investor. To put it more clearly, the direction in which stock prices move should not bother the retail investor. "