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Taking A Personal Loan To Buy A Home


wealthymattersNow the general idea is that a body takes a home loan to purchase a house and a personal loan to defray marriage related expenses ,to take that vacation in Europe etc…..

Home loans are always secured loans. So the rate of interest generally tends to be much lower than almost any category of loan. And then of course for being such a good child ,the government gives you tax breaks too ! But there are cases where a personal loan is your best way forward to become a home-owner. Consider the following cases:

1.A place like Vasai-Virar might be one of the fastest growing regions in the MMR when it comes to lower priced homes that could also potentially make great capital investments. But start making enquiries and you will start finding out that a whole lot of properties are “Collector Passing” and that apart from the odd co-operative bank or the occasional patpedhi, no home loans to purchase such properties is possible from most lenders. Moreover, the interest rates of loans from these sources makes personal loans from major banks look attractive. Read more of this post

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How To Switch Your Car Insurance Policy


When your car insurance policy is slated for renewal, the norm of thought and practice is to quickly pay the premium and stay with the same insurance provider you’ve been with for years. But ,I think, just like upgrading your car, you should switch your car insurer every few years and ensure yourself the best deal possible.

Here are simple steps to make a successful switch:

Carefully Compare Policies
When you decide it is time to move on from your current car insurer, first be sure to shop around and compare policies. With the arrival of ‘comparison websites’, not only can you scout for car insurance online, but you can also compare policies side by side. During your analysis, consider important factors like total coverage, deductibles, limits, benefits and other features before finalising the best fit for you. Read more of this post

Fixed Deposits And Equities In The Barbell Strategy


wealthymatters

If the all the risk-reward stories of the portfolio theory mutualfundwale don’t grab you, here’s an alternative strategy for the independent investor : The Barbell Strategy.

Here’s what it involves :

Building a portfolio that recalls a barbell. That is : On one side, there’s a basket of extremely safe investments. On the other side, there’s a basket of extremely speculative plays. The weight is distributed between two extremes, with almost nothing in the middle. Read more of this post

Free Intraday Trading (FIT) By Kotak Securities


wealthymattersThe Indian stock markets comprise of 50-60 lac active traders/investors, some 20% of whom are self-directed traders who don’t use the services of dealers to buy and sell. Moreover, day by day, self-directed traders are increasing in the stock markets and intraday trading is a substantial part of their trading. In FY17 the self-trading segment grew from 21% to 29%.And brokerage cost per trade is the most important consideration in short term trading.

A while back, the full services, Kotak Securities came up with the Happy Day scheme, which is zero brokerage day once a week for all customers. This gave the company a spike in market share. Intraday average volumes went by 1.96 times ,of which self-trading volume went up by 1.24 times. Also from a regular day market share in cash segment of 4% their happy day market share rose to 6.16%. Given, the success of this scheme, and the fact that market surveys show that  a third of the active traders currently in the stock market would like to switch brokers and their new choice of broker is most largely influenced by brokerage costs, Kotak Securities has now launched a new scheme called Free Intraday Trading (FIT). Read more of this post

The Edelweiss Mobile Trader For Ready Reference


The EMT/Edelweiss Mobile Trader is the India’s highest rated stock market app. Its got a 4.4 Google app rating. And I’d say its well deserved. Its fast, clean and has a contemporary feel to it and packs just about all the information you could want in one place. I simply love it.

An iOS version, rated 4.3 is also available for Apple aficionados.

What are the truly fab features of this free trading app?

1.)For one, you the user,always have access to real-time streaming quotes ,both NSE and BSE, and can track your watch list, monitor the  markets and track your holdings,even if you aren’t logged in. And there is none of the 2-3 seconds lag found in most comparable apps.

2.)Then again you can can track and trade across Equity, Equity Derivatives, Commodity, Currency Derivatives, NCDs, Bonds, Debt and e-SIP across NSE, BSE, MCX and NCDEX, all in one place. This is not something you can find being offered by all brokerages ,all in one place, with a single log-in. Certainly my current service provider doesn’t.

3.) Next you  can see the Top Gainers & Losers, Most Active, 52 Week High & Low, Volume Buzzers, FII DII Flows, Sector Performance, Roll Over Analysis, Option Chain, etc. details all in one place in a concise and easy to locate manner.

4.)If day trading is your thing,this  app also offers users live, tick-by-tick intraday charts to help you take the right decisions on the move. Read more of this post

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