For Whom Wealth Matters
August 5, 2013 Leave a comment
Here is an Assocham finding:
In an average salary structure of Rs 40,000 per month, the amount available for discretionary spending is not more than Rs 17,000 as average employee shells out over Rs 6,000- Rs 8,000 on housing loan or rent, Rs 5,000 loan on cars or two wheelers, Rs 7,000-10,000 on education cost and FMCG,
How do you compare?How much of your income goes to create assets?Do you buy liabilities which create more expenses in time?
August 5, 2013 Leave a comment
Here is a graphical representation of the benefits of opting for the direct plans of mutual funds.
So think twice and do the math before expecting your MF adviser to work for free.There are no free lunches and you will pay one way or the other. So do the math and see what works better for you,paying a fee to your adviser directly or expecting your adviser to be paid by the asset management company.
August 2, 2013 Leave a comment
If you tender your shares in an open offer, if you have held them for over a year , you will have to pay 20% capital gains tax with indexation benefit, and 10% tax without indexation .If you tender shares within a year, you will have to pay income tax as per your tax slab.
If shares are sold in the open market after a year, they do not attract any capital gains tax, but if they are sold before a year, they attract 10% capital gains tax.Shares sold via the bourses however are subject to the STT.
August 1, 2013 Leave a comment
The Penn World Tables, were created by Alan Heston, Robert Summers, and Bettina Aten of the University of Pennsylvania.They reveal how much larger all the word’s economies have become over time. The Penn Tables provide GDP data for both 1960 and 2010, providing a 50 year window to view global economic progress. It has been considerable. Looking at absolute GDP, no country anywhere in the world for which we have data is smaller today than it was in 1960. The countries that saw the size of their economies less than double since 1960 contain just 80 million people—a little more than 1 percent of the planet’s population. A further 1 billion people lived in countries where GDP climbed by somewhere between two- and five fold. That leaves 4.9 billion people—the considerable majority of the planet—living in countries where GDP has increased more than five fold over 50 years. Read more of this post
August 1, 2013 4 Comments
In this very popular post:here,I dealt with Gulika,Rahu Kaalam and Yamagandam. These are times a person specifically avoids or selects after thought. as suitable for starting important activities.
In addition to these, in the Panchang, the hours of a day are divided into generally good (nalla nerams) and not so good ones . In Tamil Nadu the Gowri Panchangam is popular.Other communities in India have their own versions of the Panchang.
Amirdha, Dhanam, Uthi, Laabam and Sugam are believes to be OK to do work in. Rogam, Soram and Visham are generally avoided.You can check the Gowri Panchangam here:Link
Gulika,Rahu Kaalam and Yamagandam times override the more general classifications in the Panchangam.
wealthymatters 