Money Today Archive January 24, 2008 Issue

Edition: January 24, 2008

Cover Story

The best financial advices

 We bring the best kept secrets till today. Successful personalities from all walks of life share words of wisdom that most influenced their financial lives.
  • Slide-show: What SRK, Karan & Dravid have to say
    Mutual Fund
    Jyoti Vaswani
    A Fund Management Associate Director at Aviva India tells us how to create value through superior stock selection.
    • How not to judge a fund Don’t assess a fund by its absolute returns. For a more meaningful assessment, measure a fund on a few risk-adjusted returns, all relative to its benchmark.
    • Going the natural way Reliance Mutual Fund, the biggest asset management company in India, manages funds worth Rs 80,779 crore (as on 31 December 2007).
    Medical reimbursement of over Rs 15,000 is taxable in the hands of an employee.
    Ask yourself why you really want to buy an LCD. If it’s for sheer snob value, there’s little anyone can say that will make you change your mind. If, however, you think you’re getting value for money, read on.
    We scan dozens of research reports from investment houses every fortnight to present you the six most relevant stock recommendations.
    • High on mid caps Our fund manager prefers not to transact this fortnight but instead chooses to ride a terrific bull run in the mid-cap sector.
    • Steel and power stocks perform well 2007 ended on a high note for the stock markets for the third consecutive year. All sectors witnessed a positive return for all indices.
    Here's a debate on the right way to save for retirement. Read our feature based on Joseph Stiglitz's recent presentation.
    Real Estate
    The inflow of domestic and foreign tourists in Goa has established a flourishing hospitality sector.
    Sushmita Choudhury
    Hardly. Posh Volvos, semisleeper coaches, bunk beds for two...bus travel in India is now poised to take on the railways.
    It’s probably been months or years since you posted a letter in that ubiquitous red colour box. Between e-mail and courier who needs letter boxes anymore.
    Portfolio Doctor
    Intelligent investing can make all the difference. And if you want proof, don’t look beyond Priya Shukla’s portfolio. We’ve analysed finances of people who earn much more than her but still find it extremely difficult to meet their long-term goals like retirement corpus. Read on:
    Kamya Jaiswal
    Jordan E Goodman’s unique insight to investor psychology and its impact on financial decisions is a very interesting read. A good dose of financial planning advice ensures that his book has practical utility.
    Query Corner
    You have not identified whether you have any financial dependants like a wife, children or parents. If you do not have any dependants, then you do not need life insurance.
    Equity-oriented balanced funds have naturally fared well in a year when equities have boomed. some debt heavy balanced funds have also fared well in the past one year, with LICMF Children’s Fund earning higher than many equity oriented funds in the past one year.
    • Music systems: what's your taste? Price is not the same as value. The most expensive product isn’t always the best value for your money. This section highlights the least expensive model in a product category. If price is of no consequence, check out the most expensive model.

    Editors Note
    Rohit Saran
    There is something about financial success and investment tips. The two seldom go together.
    Talk Back
    As a beginner, start by investing in an Indian mutual fund that invests in global stocks (see Why and How to Go Global, 15 November). As your confidence grows, so will your exposure to global markets.
    A derivative is a security that has no independent value; its value is entirely derived from the value of one or more underlying asset—generally stocks, bonds, commodities, currencies and market indices.
    Now and Then
    Money Today compares prices and earnings in the past with what they are today and what they would be in the future.
    Financial Rights
    Rakesh Rai
    Rude government servants can be legally penalised. Rakesh Rai spoke to the man responsible for this landmark judgement.

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