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Personal Finance Discussion Forum


Income Tax Amendment went unnoticed effective from 1st April 2020
Indore: Union finance minister Nirmala Sitharaman has raised alarm bells for those who travel abroad on tour package booked by others, which is a common trend to oblige senior officials in government and private se...
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5 Easy Steps To Safe Monthly Dividends
He was using my “retire on monthly dividends” strategy to help this nice grandmother.
Forbes
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5 Easy Steps To Safe Monthly Dividends
He was using my “retire on monthly dividends” strategy to help this nice grandmother.
Forbes
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Many people earn in short term trading but forgot to invest for long term purpose
For example
You earned rs 20000 a month
What if you lost rs 20000 next month
Hence? Zero
You won't be sad. You will say..i have lost what I have earned from market..
But what about opportunity cos...
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Income Tax Amendment went unnoticed effective from 1st April 2020
Indore: Union finance minister Nirmala Sitharaman has raised alarm bells for those who travel abroad on tour package booked by others, which is a common trend to oblige senior officials in government and private se...
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Now that I'm finally ready to start investing, everyone says a recession is coming — so I asked a financial planner what to do
Now that I'm ready to start investing, my newsfeed is buzzing with talk of how the market is ready to crash. What am I supposed to do?
Business Insider
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Retail inflation: Why your grocery bill could remain high
Onion prices may be cooling, but food inflation likely to remain high; core inflation a worry
@businessline
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The 16 Best Personal Finance Podcasts to Listen to in 2020
Tune in to help your financial goals take shape.
ValuePenguin
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Am I Too Broke to Invest?
Think you have to wait to invest until you're earning more money? Think again. Now is always the best time.
The Ascent
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Many a drop make an ocean
Many people have interest and idea about Investing on Equities, but they don't involve themselves fully because they think that they suffer from lack of Funds.
It is to be known that, An Entire Rome can't be built in a single day.
Each and every returns ...
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Crorepati Calculator: Your Rs 200 per day savings can become 4.21 crore! Here is how ,Personal Finance News, Business News | Zee Business
Crorepati Calculator: Yes, it is true! Investing Rs 6,000 per month or Rs 200 per day in equity mutual fund SIP can give Rs 4.21 crore maturity amount. , Get more Personal Finance News and Business News on Zee Business
zeebiz
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It's easier to make money from your money than your work | The Evidence-Based Investor
Although few people realise it, it has never been easier for ordinary people to find investing success in the stock market. Andrew Craig explains how.
The Evidence-Based Investor
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The best money advice we heard in 2019, from Mark Cuban, Warren Buffett and other experts
Here are some of the smartest things personal finances experts and self-made millionaires and billionaires had to say about earning and growing your wealth this year.
CNBC
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Tax Planning: Common mistakes to avoid
Tax planning is one of the integral parts of your overall financial planning process. One should start doing it when he/she starts working.  Moreover, it needs to be done even after retirement. This means that tax planning is something that you need to do throughout your life. It is observed that, people often look at tax planning just for the sake of saving tax. Although, tax saving forms the major part of tax planning but you need to look at it more objectively. We have listed below...
Dalal Street Investment Journal
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Personal Finance - 580408

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I took out a $2,000 personal loan even though I didn't need the money, and it bumped my credit score from 'good' to 'very good'
Initially I worried that taking out a personal loan would complicate my life. However, being strategic about my loan has actually made my life easier.
Business Insider
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From how to manage debt, spend, save and invest, here's a guide to the financial 'rules of thumb' to live by
“Money doesn’t grow on trees.” “A penny saved is a penny earned.” “The best things in life are free.” You will have all heard these sayings about money at some point, but ...
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✨✨*Thumb Rule of Financial planning.*✨✨
1. 30 % of your income must be used for *monthly living expenses.*
2. 30% of your income must be used for *Liabilities repayments*, if any..
3. 30% of your income must be *SAVED* and *INVESTED* for your future LIVING.
4. 10% of your income...
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Why travel insurance should be on top of your travel plan agenda
Most people do not find travel insurance as important as car, bike or health insurance. For them, it could be just another document but it should be a top priority as it covers you against any monetary loss arising out of any mishappenings
businesstoday intoday
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Insurance frauds: How data analytics and rigorous checks are trying to eliminate bogus claims
Bogus claims are as old as the industry itself. Despite insurers best efforts, fraudsters have been mostly ahead of them. But with the rise in data analytics and rigorous checks, the industry at last appears to be close to eliminating such malpractices.
The Economic Times
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Investment in equity MFs drops 41% to Rs 75,000 crore in 2019; slow economy takes a toll
Experts are of the view that equity schemes will attract investor interest this year.
The Economic Times
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Wealth of India's richest 1% more than 4 times of total for 70% poorest: Oxfam - Times of India
India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70 per cent of the country's population, while the total wealth of all Indian billionaires is more than the full-year budget, rights group Oxfam said on Monday.
The Times of India
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FORWARDED
*51 Financial Mistakes and Illusions you should avoid in 2020*
( Which ones are you guilty of ?)
1. Just can’t manage to fit our Expenses within our Income. And, even when the income increases, the expenses invariably rise much faster.
2. Generosity is in our blood. We ...
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REGISTERED LETTERS...
DO NOT SIGN THEM UNLESS YOU KNOW WHAT IS INSIDE...
PLEASE SHARE THIS WITH YOUR FAMILY AND FRIENDS
WHITE COLLAR CRIMINALS - NEW MODUS OPERANDI
IMPORTANT INFORMATION, MUST READ
REGISTERED LETTERS.. DO NOT SIGN…
From ‘Lawyers Talk: 8618’
Without Prejudice.
Dear...
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Here's a trick to lower your tax on capital gains from equity
Long term capital gains accrued from selling equity shares and equity-oriented mutual funds are exempt from tax for maximum up to Rs 1 lakh in a financial year. The gains in excess of Rs 1 lakh are chargeable at the rate of flat 10 percent.
The Economic Times
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Personal Finance - 538360

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RBI allows users to enable, disable credit, debit cards; modify usage limit
Under the new rules, banks will be able to issue credit and debit cards that can be used only at ATMs and with PoS devices. The choice of using the cards for contactless and international transactions will lie with the user
businesstoday intoday
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From Rs 44,200 payable to nil tax! Here is how you may save taxes by fully utilising 80C benefits
Tax-saving investments have cap on short-term withdrawals, which in turn inculcates a habit of savings and investments among taxpayers over a long-term investment period.
The Financial Express
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Standardised health insurance to help with portability: Tapan Singhel, Bajaj Allianz General Insurance
Liability insurance moving up very fast in times to come, says Singhel
The Economic Times
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High spenders can file income tax returns for AY 21 in Sahaj
Person jointly owning a single house property can file ITR-1, ITR-4
@businessline
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Real estate body wants reduction in home loan interest to boost sales
Developers pointed out that a revival in housing industry will also help the overall economy regain its growth momentum. The industry suggested tax reforms and raising deduction on home loan interest to Rs 5 lakh from Rs 2 lakh to boost sales.
The Economic Times
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Three things a 25-year-old should know about investing
A 25-year-old who is starting to invest should plan for three things first. The three things are - closing any existing liabilities, building a corpus for short term goals such as buying a car and long term goals such as saving for retirement.
The Economic Times
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Personal finance basics: 5 things to know about PPF account
A public provident fund (PPF) account is an investment option that provides income tax deduction u/s 80C for the amount invested (subject to a limit of Rs 1.5 lakh a year). Due to the tax benefits offered, many assessees open PPF accounts.
The Economic Times
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How health insurance has changed during the year 2019
There has been a consistent effort to standardise health insurance definitions through various regulatory amendments. The industry is experimenting with innovative ways to offer insurance in the form of small, affordable, bite-size policies.
The Economic Times
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Facing a mid-life financial crisis? Here are 6 ways to get out of it
6 remedies for mid-lifers who are stuck in a financial quagmire, and how to avoid it in the first place.
The Economic Times
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Personal Finance - 509896

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In the new year 2020, do not make these 8 investment mistakes
A stock market bloodbath is enough to deter the most seasoned of investors.
The Economic Times
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Financial Planning Tips:
1. Avoid buying property on loans as it eats most of your earnings unless you have a clear plan for its repayment. It's important to monitor cash flow. Though, the house will be your asset, your liability will be much more.
2. Start a SIP at a very young...
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Is Legal heir and Nominee the same?
I wonder how many of us are aware of this legal twist.
Read on...
Will your Nominee get the money on your death ?
Did you think that your nominee is the person, who will get all the money legally from your Life Insurance Policy and Mutual funds...
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link
https://www.livemint.com/money/personal-finance/more-than-one-ppf-account-not-allowed-what-happens-when-you-open-a-second-one-11576731342451.html
t
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Tracking your investments is important to avoid over-diversification
No additional diversification is provided by investing in more funds beyond a point. Tracking is important.
The Economic Times
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Thoughtful resolutions for NEW YEAR:
1. 30 % of your income should be used for monthly living expenses.
2. 30% of your income should be used for Liabilities repayments, if any.
3. 30% of your income should be SAVED and INVESTED for your future LIVING.
4. 10% of your income should...
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In last 10 years, TEN major reason for degradation of financial situation of a family:
1. Everyone in family owns smartphone.
2. Vacations under social pressure.
3. Buying a car as a status symbol.
4. Avoiding home made food and unnecessarily eating out on weekends.
5. Brand cons...
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Latest replies
Srinivas @srinivaskmm
Dec 29 9:56 PM

Useful information
How to become rich: Seven money habits to accumulate wealth
Here are seven everlasting money habits that will help you accumulate wealth in the long run.
The Financial Express
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Budget 2020 likely to be presented on February 1: Report February 1 is a Saturday and usually the Budget is never presented on that day, but in 2015 the National Democratic Alliance government had broken with this tradition
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@DhruvMan • Reputation: 1,215
Gold vs fixed deposit (FD) vs mutual funds: What is a better plan for retirement?
Retirement is one of the most common reasons which triggers an individual to build a financial plan for investments.
timesnownews
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HERE'S HOW RAKESH JHUNJHUNWALA MADE 483.75 Cr
Indians youngest finance blog, I'm 19 years I post about Finincial Markets stay Tuned for more amazing content that make you wealthy 💯🙏🏻
YouTube
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India, US talk restoration of GSP, withdrawal of tariffs
India is in talks with the US to resolve bilateral trade differences, including restoration of GSP.
The Economic Times
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@DhruvMan • Reputation: 1,215
IRDAI may soon link motor insurance premium with traffic violations; pilot project in Delhi
The working group is constituted to examine the system of linking of motor insurance premium with traffic violations.
The Economic Times
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