- Taking care of parents in their old age is not just a financial but also an emotional issue. You can't ignore either. Lastly, how you deal with your parents' retirement will be a learning experience that you can use to plan your own retirement.
Confused if your lender is charging you a fair amount as EMI? Money Today tells you how to calculate your instalment so that you can cross-check that with what you have been paying per month. Errors in credit report can hamper your chances of getting loans. Let's see the kind of mistakes that can creep into your credit report, which has become your financial 'character certificate'. Are you scouting for a loan to buy a house, a car or for your child's education? Here are the best deals on offer from public and private sector lenders.
Base metals have been dancing to the tune of global forces. Under pressure in the first six months of the year, they staged a sharp rebound in July. Money Today talks to experts to gauge how the market is likely to play out in the next few months.
Money Today experts answer your personal finance queries -
Insurance from banks might be the economic option for those who have to pay higher than normal for a health plan. This includes those who have a pre-existing condition, fall in the higher age bracket or miss having the benefits of an employer's group health plan. Ask any financial planner and he will tell you how you have erred by buying an endowment insurance plan instead of a term plan, a pure insurance product. However, all is not lost. Here's why.
Market analysts say the industry is likely to remain under pressure till the current economic slowdown, compounded by high fuel prices and interest rates, persists. Here are a few tips to weather the storm. Experts say one should buy gradually through a systematic investment plan, as IT companies provide a hedge against falling rupee and poor performance of the domestic economy What would be needed is long-term investment horizon and calibrated investments to mitigate short term volatility, says Kotak Mutual Fund CEO Sandesh Kirkire. Ajanta Pharma is among the top gainers in the past six months with return of over 45 per cent.
Indian cities, struggling with expansion amid the huge influx of people, are working overtime to improve their transport systems. Many are betting big on modern monorail and metro rail networks.
It is a different financial landscape today with a wide array of investment options for retirement planning coming into the market, writes Money Today Executive Editor Sarbajeet K Sen.
Money Today readers share their feedback on the magazine's coverage -
Recent rulings in the personal finance sector to affect your investments- If you are worried about safekeeping of your insurance policies, the Insurance Regulatory and Development Authority's insurance repository will come to your rescue. Now, you have to furnish your PAN for availing of any loan above Rs 5 lakh from gold loan companies. Besides, any loan above Rs 1 lakh will be disbursed only through a cheque. Analysts say property prices will remain under pressure for some time but are bound to rise in the long term. The shortage of housing in urban India supports their assessment.
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If someone promises easy money, there must be something wrong somewhere. Investors must seek complete clarity when any product promises to give high returns for very long periods.
BNP PARIBAS MIDCAP has fallen only 7.56 per cent compared with the category's -14.61 per cent. Banking funds which shed close to 6 per cent in the one-year period are likely to get a boost from the US Fed decision to continue liquidity infusion at same pace.