WEALTH SPECIAL

  • No cash? Go to a shop, not ATM! July 23, 2009

    Keeping in line with its objective of customer convenience, the Reserve Bank of India (RBI) came out with an innovative announcement on Wednesday. According to the announcement, you can now swipe your debit card at any pointofsale terminal, and withdraw up to Rs 1,000 per day. Pointofsale (POS) terminals are...
  • Wealth: Should you opt for single premium insurance? May 29, 2009

    Sonia is planning to take an insurance policy for herself. Her friend suggests she goes for a single premium plan as she does not have to remember premium due dates. Sonia can pay a premium of Rs 20,000 right now and wants to know the kind of cover that will be...
  • Wealth Spl: Does my portfolio look alright? May 28, 2009

    Starting this week, we begin a series called 'Does my portfolio look alright?'. Every Thursday, our experts will review a portfolio sent in by our readers and give some tips on how to improve their investment strategy. This week, our financial expert, Kartik Jhaveri gives Raj smart tips to improve his...
  • How to solve your credit card complaints May 27, 2009

    How many times have you got a credit card bill with charges that you think are unfair and not called for? And what happens when you refuse to pay up? You get bills every month with the amount increasing with every bill. So the longer you take to pay up,...
  • Buying insurance? Don't make Sachin's mistake May 26, 2009

    Theres a fine line between insurance and investments yet it goes unnoticed. Till date, many of you buy insurance in the name of investments, which is wrong! You should buy insurance so you can protect your family financially in the unfortunate case of the death of the primary holder. Lets understand...
  • Credit cards: More security = more passwords May 25, 2009

    Rupam, who works in Bangalore, is young and carefree. On weekends, he parties, shops and paints the city red. However, this weekend was a bit different. Rupam went overboard and swiped his credit card in malls and eateries for approximately Rs 10,000. Unfortunately for him, he had no idea how...
  • New Pension Scheme: Don't invest yet! May 15, 2009

    With the launch of New Pension Scheme (NPS) comes the governments attempt to offer a first of its kind social security plan. The long awaited plan was finally launched on May 1, 2009 after being in the pipeline for five years. Wealth tries to answer the 10 most commonly asked...
  • Now, a credit card that cannot be stolen! May 14, 2009

    Your online shopping just got easier and safer with the virtual credit card. But, what's a virtual card? A virtual card is just like your credit/debit card; only it isn't tangible. It was introduced to check the rising instance of fraudulent transactions over the Internet. How does it work? Many banks offer...
  • I hold sector funds: Should I exit? May 13, 2009

    Recently, someone mailed in asking, "I have SIPs (systematic investment plans) in equity mutual funds. Should I continue in them?" After confirming that the time horizon was indeed long term, we thought the obvious answer would be a YES. But when we looked at the details of the mail, we found...
  • Car insurance: I paid 100 pc premium, got only 40 pc claim May 12, 2009

    These days, less seems to be in. Less flab (even babies are fit!), less clothes (think skimpy outfits), less food at outrageous prices, even less petrol now that we are have battery operated cars. But less is not always good. After working hard and saving, Pradeep Vazirani bought his dream Sports...
  • Here's How: Save your salary and invest in MFs May 11, 2009

    The Wealth team asks working professionals what they do with their salary how they save it, how they invest it. As part of this series, Wealth spoke to an investor who invests in everything but mutual funds. NAME: Adarsh Shetty Age: 30 What I do: Web designer Where I stay: Mumbai Adarsh Shetty is...
  • This Akshaya Tritiya, bring home gold ETFs April 27, 2009

    Buying gold on the day of Akshaya Tritiya is considered auspicious. So, this year bring home gold either in the form of gold ETF. Traditionally, your only option when it comes to buying gold was in the physical form. But with the launch of Gold Mutual Funds (Gold Exchange Traded Funds...
  • What to do when recovery agents come calling April 26, 2009

    There was a time your mother would threaten you with stories of the big black bear if you didn't eat your vegetables. Those big black bears probably don't scare you anymore. Let's tell you something that will: loan recovery agents. If you are lagging behind on your loan returns, you have just...
  • Finally, property rates in metros have fallen: Report April 21, 2009

    If you have been unsure about the current state of property market, here are some definite pointers that suggest the rates are going down south. According to the latest reports released by Knight Frank India Pvt Ltd (March 2009), property rates across metro cities have dropped. The fall in rates...
  • Wealth Spl: Ideas to make money in spare time April 18, 2009

    Name: Dr Suresh Ahuja Where he lives: Mumbai Profession: Doctor What he does: Makes extra cash by putting in a few extra hours, post work. Ever thought of taking up a job you would enjoy during your weekends? Or even after office hours? Dr Suresh Ahuja is one such person. Ask him about his work...
  • How to insure your credit card against fraud April 17, 2009

    Imagine this. You are on your way to reach your traveling destination; you stop by at a shop to make some quick purchases. You decide to make your payment through credit card, but to your horror, it has gone missing! Worse, you can't find your wallet too. Reality strikes; and...
  • Investing in PPF, LIC? Revisit your strategy April 15, 2009

    Contribution towards insurance and PPF are fine but if you want to create wealth, it's time to change your outlook. Certified Financial Planner, Kartik Jhaveri tells reader Dheeraj where to invest, why and how much he is likely to make. I am 40 years of age with a 10year old daughter....
  • Wealth Special: Is long term investing wise? April 13, 2009

    In recent weeks, international markets have been at historic lows. The Nikkei 225 slumped to a 26year low; Dow Jones hit a 12year low; Nasdaq, a sixyear low. Not to be left behind, the Sensex too, hit a threeyear low. In such market conditions, you might question the oft repeated principle...
  • Losing money is easy with your credit cards April 3, 2009

    Being a traffic cop is quite a lucrative profession these days. Cops seem to be pretty adept at giving you the most obscure reasons to fine you. You no longer need to get into an accident to get their attention. Right from using cell phones (on hands free), changing lanes (after...
  • Wealth Spl: Where your budget went all wrong April 2, 2009

    Suppose you're enjoying a movie at a multiplex. You notice your colleague there but he is sitting in the premium lounge seats. At that instant your enjoyment is destroyed and you start wishing you could afford better seats. If you know of something better, easier, prettier or simpler but a...
  • Wealth: Get in shape, financially March 27, 2009

    Everyone I know is trying to get into shape these days, right from my neighbour to my great aunt. The fun part is everyone is an authority on don'ts. Don't eat sugar. Don't even think about carbs (carbohydrates). Don't snack in between. So on and so forth....
  • Wealth: What are the various bank charges? March 23, 2009

    Banks today offer a slew of services to the customer, which only seem to increase by the day. However, remember this: there's no such thing as a free lunch. Let's take stock of what you pay to avail of services for a typical savings bank account. 1. Nonmaintenance of minimum...
  • Counselling centres say many caught in debt traps March 19, 2009

    Disha, a debt counselling centre, witnessed a steady rise in the number of borrowers coming to them for help. In February, the centre saw 150 customers, a 50 per cent rise compared to the previous month. Bankrupt borrowers or those who are unable to repay seek help through letters, emails...
  • Wealth Spl: Five musts of financial survival March 18, 2009

    We have all played the Five Things game some time in our lives: for example What are the five things you will save if your house collapses? (That's easy: Dog, Diary, harddisk, DVD Collection and favorite draw string pants!) Who are the five people you will say goodbye to if you only...
  • Falling inflation does not mean falling prices March 16, 2009

    "The newspapers say inflation is falling, but I dont see prices coming down anywhere," says a concerned voice in the suburban train in Mumbai. Its a common misconception that falling inflation means falling prices. That's not however how things work. Principal economist at CRISIL, D K Joshi, explains, "Falling inflation rates...
  • Have you insured your home loan? March 14, 2009

    It sounds the same, you might say, but there's a difference between home insurance and home loan insurance. The difference When you opt for home loan insurance, you will be insuring the home loan and not your home. That is, God forbid, if something were to happen to you (borrower), home loan...
  • Money power for women: Empower the investor in you March 10, 2009

    A woman dons multiple roles. She is a student, a homemaker, a working woman or an entrepreneur. Irrespective of her role play, she is not spared of her tryst in fiddling with finances whether its the humble job of handling household expenses or investing to secure her childs future...
  • ULIPs: When its okay to switch March 6, 2009

    We are a cautious species. We pray before every important event, we look at auspicious factors when we name our children and we consider broken mirrors a bad sign. It's no wonder then that when we make a killing in the stock market, we first think about how best to...
  • RBI rate cut: Deposits to pay less; loans to cost less March 5, 2009

    The Reserve Bank of India (RBI), on Wednesday, cut repo and reverse repo rates by 50 basis points. The repo rate now stands at 5 per cent and the reverse repo is at 3.5 per cent. So, what does this mean for you? Deposits to give lower returns Chairman of UCO bank, SK...
  • I borrowed Rs 4.5 lakh; lost it all in stocks! March 5, 2009

    Have you ever wondered why an advertisement is made to look attractive? If you haven't guessed it yet, it's to lure consumers into buying a particular product. What happens if these products leave you broke? Ketan Shah an active investor at the stock market fell for one such bait. He got tricked...