Investor Insights ***** 1) People in general have very little idea about how much wealth they need. More often than not they overestimate their requirement by leaps and bounds because of their inability to grasp the power of compounding 2) The occurrence of Heart attacks and blood pressure is inversely proportional to your knowledge of personal finance. 3) Understanding the power of compounding is directly proportional to the power of your health 4) 10% to 12% compounding is all that you need to meet most of your needs 5) Patience more than intelligence is required to create wealth 6) Being ignorant is any time better than being impatient 7) Knowledge of personal finance is the license that allows you to spend money without the fear of inflation 8) SWP after years of SIP is the best retirement plan. 9) If you are above 40, don't try to look for jobs. Just keep your boss happy because in all probability this is your last job 10) On paper your retirement age is 60. Always...
Election results to drive bond market sentiment: Jajoo
Bond markets maintained the positive momentum last week as well with benchmark 10 year government bond yields easing by another 6 bps to 8.75%. Spurred by hopes of a decisive mandate in general elections, surge in equity markets to a new lifetime high, igniting hopes of large overseas capital flows and stronger rupee, traders built up huge positions. Strong buying support from nationalised banks for two consecutive trading sessions also helped 10-year yield hit the intra-week low of 8.71% before closing slightly higher at 8.75% at end due to some profit booking. Volatility remains the order of the day yet as underlying concerns of high inflation and global headwinds bring in periodic phases of nervousness. Slight confusion in the ban on exit polls till election results are to be announced on May 16 and subsequent clarification that ban on exit poll is till May 12 only, the end of voting period led to 10 bps volatility in bond yi...
Sovereign Gold Bonds Scheme Investors will have the option to buy sovereign gold bonds instead of physical gold this Dhanteras. Applications for gold bonds will be accepted from November 5 to November 20, 2015, while these bonds will be issued on November 26, 2015, the Reserve Bank of India said. Here are 10 things to know about gold bonds 1) Sovereign gold bonds will be issued by the Reserve Bank of India. They will denominated in particular amount of gold and linked to the price of the yellow metal. If the price of gold increases, the value of the bond goes up, benefiting investors. 2) Investors can buy a minimum of 2 units or 2 grams and a maximum at 500 grams per fiscal year. The Reserve Bank has fixed the public issue price at Rs 2,684 per gram for the sovereign gold bonds. This means the minimum investment comes to around Rs 5,400. 3) Investors will get a fixed rate of interest of 2.75 per cent per annum (payable every 6 months) on the initial value of investment. 4) The gold bo...
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