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Budgeting and planning
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IVRCL 155 no stop loss.................
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In reply to:
Solution for Bangalore
Posted by :
radhika_nandlal
First the demographics for Bangalore
Bangalore is
Third most populous city in India
27th most populous city in the world
The population of bangalore is 52L
Its the fastest growing metropolis after New Delhi.
Bangalore has the second highest literacy rate at 83% after Mumbai.. WOW WOW WOW
Only 10% of Bangalore`s population live in slums as against 42% for Mumbai and 60% for Nairobi.
Now if even half of 52L people contributed Rs 50 per month to the civilian fund pool it would mean Rs 2600L per month, well others who can afford to contribute more will do it willingly.
Cant we develop bangalore into the most beautiful city by budgeting this 2600L every month. ITS OUR OWN MONEY.
How will we budget this 2600L. I would do it this way
First three months we can rehabiltiate the slum dwellers.
Next three months we can provide food bunks to feed the people who cannot afford two square meals a day
the subsequent three months money we can provide our soliders, police officers and guards state of the art protective gear
the subsequent months fund we can use for laying roads
So on.... why cant we do it... Narayanmurthy are u reading this? 
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First the demographics for Bangalore
Bangalore is
Third most populous city in India
27th most populous city in the world
The population of bangalore is 52L
Its the fastest growing metropolis after New Delhi.
Bangalore has the second highest literacy rate at 83% after Mumbai.. WOW WOW WOW
Only 10% of Bangalore`s population live in slums as against 42% for Mumbai and 60% for Nairobi.
Now if even half of 52L people contributed Rs 50 per month to the civilian fund pool it would mean Rs 2600L per month, well others who can afford to contribute more will do it willingly.
Cant we develop bangalore into the most beautiful city by budgeting this 2600L every month. ITS OUR OWN MONEY.
How will we budget this 2600L. I would do it this way
First three months we can rehabiltiate the slum dwellers.
Next three months we can provide food bunks to feed the people who cannot afford two square meals a day
the subsequent three months money we can provide our soliders, police officers and guards state of the art protective gear
the subsequent months fund we can use for laying roads
So on.... why cant we do it... Narayanmurthy are u reading this?...
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Dear RN, I`m agree with what u have finally understood, ULIP is a product which is a class in itself. it can`t be compared with any other product. BUT - In India, this is being sold with wrong presentations, by wrong agents to wrong people with false promises. The most important benefit of ULIPs is also used as the sole criteria & ultimately there r a lot of investors/policy holders who r feeling cheated.
The most important benefit of ULIPs - if one pays 3 regular prem. the ins. benefit `ll continue from the accumulated fund value. This single benefit is mis-sold so many times & to so many people. Sample this -
Hello Sir, I`m talking from XYZ Ins. Co. Ltd. There is an investment Plan for U. In this Plan U `ll have to invest only 3 years & after these 3 years U can withdraw all ur money from few Lakhs to few crores as our Co. in past 1 year or 2 years has returned 70% or 80% or 90%. the market is booming Sir, plz. don`t miss this opportunity.
Most of the time, the common man ended up with a policy which is not suitable to his requirement.
For ur HDFC ERGOS, Product. Its not at all so much interesting. My dear, it`s an Critical Illness Gen. ins. policy which KDFC is cross selling with its Home Loan. U can get the same benefit for urself by purchasing the said CI policy from any Gen. Ins. Co. operating in India. In all probability u `ll save a lot of amount than this cross selling policy. In this policy there is no GOOD Karma concept. Its a pure Give & Take business contract.
U GIVE US THE PREM. & WE `LL PAY U THE INS. AMT. IF CLAIM ARISES.
Thanks
Ashal
...
In reply to:
Ride the recession and become RICH
Posted by : radhika_nandlal
Thanks a lot Ashal and RANJAN,
When the units from the ULIP can be used to pay the premia the insurance is earned at zero cost almost of course then u stand to lose the benefits the units may get u in the long term and the aim was to invest in equities with a life cover.... all in all a great product.
Did u read HDFC ERGOS product for housing loans.... if one has a housing loan with HDFC and has been insured via ERGOS then if the person suddenly takes ill with cancer, heart attack, bypass, multipe sclerosis etc etc the entire loan is waved off... for every 1L loan i think the EMI towards this insurance will work up to Rs 150 or so and its deducted along with the EMI....here though nothing comes on return if we are hale and hearty... but such insurances are good karmas coz our contribution will be used to pay a sick person... so good karma with security is not bad either :)
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Thanks a lot Ashal and RANJAN,
When the units from the ULIP can be used to pay the premia the insurance is earned at zero cost almost of course then u stand to lose the benefits the units may get u in the long term and the aim was to invest in equities with a life cover.... all in all a great product.
Did u read HDFC ERGOS product for housing loans.... if one has a housing loan with HDFC and has been insured via ERGOS then if the person suddenly takes ill with cancer, heart attack, bypass, multipe sclerosis etc etc the entire loan is waved off... for every 1L loan i think the EMI towards this insurance will work up to Rs 150 or so and its deducted along with the EMI....here though nothing comes on return if we are hale and hearty... but such insurances are good karmas coz our contribution will be used to pay a sick person... so good karma with security is not bad either :)...
In reply to:
Ride the recession and become RICH
Posted by : ashalanshu
Dear RN, My take on the discussion between U & Dear PCSPune -
1 MAN`S MEAT IS ANOTHER`S POISON.
It`s true for both of u. 1 is champion of FnO (of course U) & another 1 is champion of ULIPs (who else our dear PCS). But reading the messages of both of U, it seems - 1 is talking French to another one who is speaking Arabic.
(Just on a lighter notes)
What I want to say is there may a whole lot of different strategies to tackle these testing times.
Mine 1 is Pure term Insurance (if needed, otherwise scrap it), a mix of Diversified Eq. MFs, Gold ETFs & some simple instruments like bank FDs & POMIS.
I`m agree with dear Ranjan, as the ins. prem. is recovered from our fund value, this ins. is not at all free in case of ULIP. Under ULIPs there r multiple investment fund option available with varried %age of Eq. & debt from 100% Eq. to hybrid funds to 100% money market funds. The important benefit which dear PCS is pointing - u can switch over to different funds as per the market cycles without bothering about the routine hassles of taxation, brokerage etc. To make this transfer u `ll have to contact ur ULIP issuing co. either thru Phone, E-mail, online etc.
Thanks
Ashal
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Dear RN, My take on the discussion between U & Dear PCSPune -
1 MAN`S MEAT IS ANOTHER`S POISON.
It`s true for both of u. 1 is champion of FnO (of course U) & another 1 is champion of ULIPs (who else our dear PCS). But reading the messages of both of U, it seems - 1 is talking French to another one who is speaking Arabic.
(Just on a lighter notes)
What I want to say is there may a whole lot of different strategies to tackle these testing times.
Mine 1 is Pure term Insurance (if needed, otherwise scrap it), a mix of Diversified Eq. MFs, Gold ETFs & some simple instruments like bank FDs & POMIS.
I`m agree with dear Ranjan, as the ins. prem. is recovered from our fund value, this ins. is not at all free in case of ULIP. Under ULIPs there r multiple investment fund option available with varried %age of Eq. & debt from 100% Eq. to hybrid funds to 100% money market funds. The important benefit which dear PCS is pointing - u can switch over to different funds as per the market cycles without bothering about the routine hassles of taxation, brokerage etc. To make this transfer u `ll have to contact ur ULIP issuing co. either thru Phone, E-mail, online etc.
Thanks
Ashal ...
In reply to:
Ride the recession and become RICH
Posted by : radhika_nandlal
Anyone has a better financial plan than this?
My plan is buy one lot of any Nifty stock future as we are at the all time lows...
Then use profits from the above to pay ULIPs annual premium for the first five years
After five years when the recession is over and done with the units from the fund portion of the ULIP will take care of the rest of the premia.. so u get ur insurance free.
Anyone has other investment strategies at all time lows now.. lets post it one by one...lets begin a new thread..
Do post ur ideas to become rich please. Thanks!
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Just one point. After 5 years you do not have to pay the premium. They will take it from your fund value. How does the insurance become free?...
In reply to:
Ride the recession and become RICH
Posted by : radhika_nandlal
Anyone has a better financial plan than this?
My plan is buy one lot of any Nifty stock future as we are at the all time lows...
Then use profits from the above to pay ULIPs annual premium for the first five years
After five years when the recession is over and done with the units from the fund portion of the ULIP will take care of the rest of the premia.. so u get ur insurance free.
Anyone has other investment strategies at all time lows now.. lets post it one by one...lets begin a new thread..
Do post ur ideas to become rich please. Thanks!
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Thanks a lot pcspune
Quote
If you Invest Rs.25000 in ULIP & switch between Equity & Debt, you can Maximise Gains without paying STT/Brokerage/ Short Term Capital Gain Tax.
In Single Premium ULIPS you have to Premium once only. In Regular Premium , you have to Pay Premium for Minimum 3 Years.
By Appropriate Switching you can make Handsome Profits.
Unquote
How does one switch can it be done by ourseleves with ICICIDRECT or we have to visit the office and do it.. what is debt fund.. i have never understood this.
In regular premium i pay premium only for 3 years? after that who will pay the premium?? i dint understand!...
In reply to:
Ride the recession and become RICH
Posted by : pcspune
Dear RN,
It is correct that Market is very Low & GOOD Traders can make Excellent Profits till next 1-2 Years by Trading & may Continue to add Gains in Next 5-6 years.
This is Most Appropriate Time for Investment in Shares / MF & ULIPS
( if you need Insurance or want to Maximise Gains by Switching).
One lot of Stock Futures may cost Approx. Rs.25000.As far as I understand,in Stock Futures,the chances of Losing Money are not ZERO.
If you Invest Rs.25000 in ULIP & switch between Equity & Debt, you can Maximise Gains without paying STT/Brokerage/ Short Term Capital Gain Tax.
In Single Premium ULIPS you have to Premium once only. In Regular Premium , you have to Pay Premium for Minimum 3 Years.
By Appropriate Switching you can make Handsome Profits.
P.C.Sharma
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Dear RN,
It is correct that Market is very Low & GOOD Traders can make Excellent Profits till next 1-2 Years by Trading & may Continue to add Gains in Next 5-6 years.
This is Most Appropriate Time for Investment in Shares / MF & ULIPS
( if you need Insurance or want to Maximise Gains by Switching).
One lot of Stock Futures may cost Approx. Rs.25000.As far as I understand,in Stock Futures,the chances of Losing Money are not ZERO.
If you Invest Rs.25000 in ULIP & switch between Equity & Debt, you can Maximise Gains without paying STT/Brokerage/ Short Term Capital Gain Tax.
In Single Premium ULIPS you have to Premium once only. In Regular Premium , you have to Pay Premium for Minimum 3 Years.
By Appropriate Switching you can make Handsome Profits.
P.C.Sharma
...
In reply to:
Ride the recession and become RICH
Posted by : radhika_nandlal
Anyone has a better financial plan than this?
My plan is buy one lot of any Nifty stock future as we are at the all time lows...
Then use profits from the above to pay ULIPs annual premium for the first five years
After five years when the recession is over and done with the units from the fund portion of the ULIP will take care of the rest of the premia.. so u get ur insurance free.
Anyone has other investment strategies at all time lows now.. lets post it one by one...lets begin a new thread..
Do post ur ideas to become rich please. Thanks!
Tracked by: 0 Boarder
Anyone has a better financial plan than this?
My plan is buy one lot of any Nifty stock future as we are at the all time lows...
Then use profits from the above to pay ULIPs annual premium for the first five years
After five years when the recession is over and done with the units from the fund portion of the ULIP will take care of the rest of the premia.. so u get ur insurance free.
Anyone has other investment strategies at all time lows now.. lets post it one by one...lets begin a new thread..
Do post ur ideas to become rich please. Thanks!...
Tracked by: 0 Boarder
hey friends ...after stocks falling like nine pins, interest rates on fd are coming down, realestate is down,gold is stable now at 700-750 usd an ounce.the billion dollar question is where to invest your money now.the answer is solitaires(diamonds). the diamond prices have also come down like its peers but not as much as it peers like other commodities and stocks but today in this panic situation a diamond bought now will fetch a return of 8 - 15 percent from a two year prospective and will also give a more diversified look to your portfolio. but it is necessary to buy a diamond from the right source as the same case with any other investment you r investment advisor is the one who gives you the reco and you work on it.if you are interested in what i just mentioned pls email me back ..i am working as a buyer for investment stones for big companies and settled in antwerp and do come to india often.so email me..waiting to hear from u guys. ...
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Dear vrsuvish, plz. mail me at my personal e mail id, the same is available here on my home page @ MMB.
Thanks
Ashal...
In reply to:
Financial Adviser/Planner
Posted by :
vrsuvish
Are there are any unbiased financial planners/advisers available in Bangalore - someone who is not going to sell me specific mutual funds but will work with me to plan out my financial investments keeping in mind all available options.I`ve seen outfits like ASK, but, not sure if they work only with a minimum wealth level.
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gujarat govt incorporated call option to redeem at early date at rs 50000 instead of 114000 due to reduction in interest rate they will incure loss for that reason they took the decision by chance interest rate increased will they pay more?this is violation of contract with the investors and human right organisation can challenge the issue....
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Are there are any unbiased financial planners/advisers available in Bangalore - someone who is not going to sell me specific mutual funds but will work with me to plan out my financial investments keeping in mind all available options.I`ve seen outfits like ASK, but, not sure if they work only with a minimum wealth level. ...
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Close your car loan.
Start investing via SIP ONLY in diversified equity funds.
Avoid ULIPs....
In reply to:
Close Car Loan or Invest in MF
Posted by : Guest
Dear Sir,
I have got Rs. 1 lakh from my post office savings (RD).
I dont know whether it is better to invest in Mutual Funds or better to close my car loan.
Is it the right time to invest in Mutual funds or ULIPs?.
Pls suggest
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Dear Sir,
I have got Rs. 1 lakh from my post office savings (RD).
I dont know whether it is better to invest in Mutual Funds or better to close my car loan.
Is it the right time to invest in Mutual funds or ULIPs?.
Pls suggest...
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