I agree that reinvesting in the house enhances its value (Reinvest in your House, 29 November). However, it is only possible with independent houses and bungalows and not with flats in apartment buildings.
We must not forget that a significant population in metros lives in flats and in future such trend will only increase because of lack of space.
- Bal Govind, Bareilly
The reinvestment ideas covered in the story are applicable equally to flats and independent houses — these include improved kitchens, bathrooms, floorings... In fact, in most cases, reinvesting make bigger difference to the price of a flat than that of a bungalow.
The magazine has assessed the stock markets quite well (Keep Smiling, 15 November). India is today the best option for parking funds but unclear government policies and political uncertainties have made the markets vulnerable to volatility.
MONEY TODAY could have compared returns from real estate, bullion, stocks, company deposits in the last one year and projected future returns while also listing the risks involved. The analysis of global investment options (Why and how to go Global, 15 November) was very informative. It seems a good option for portfolio diversification.
- Akhilesh Kumar Sah, Faizabad
Comparing returns across different asset classes, though instructive, serves only a limited purpose. Investment portfolio across all ages should comprise several classes of assets — in varying proportions.
I had subscribed to MONEY TODAY for one year on a trial basis but since the contents of the magazine are so educative, interesting and thoroughly researched that I have decided to continue the subscription for life. Kindly start subscription offers for 1, 3 and 5 years (or even more) with different gifts for each period.
- Narendra Kumar, e-mail
Thank you Mr Kumar for your suggestions. An all-new subscription offer of the magazine will soon be out, with new rates and gifts. We hope you like the offer.
Last month, I picked up the anniversary issue of MONEY TODAY. The magazine is really good and an eye-opener. The advice and the remedial measured suggested through Portfolio Doctor was very informative. I want to convert my ICICI Prulife Secure Plus Pension Plan, which I started in 2004 and pay an annual premium of Rs 10,000, to ICICI Pru's LifeLink Super Pension Plan. Is it a good idea? Kindly advise.
- Artabandhu Pradhan, e-mail
It is good that you have invested in a retirement plan. After the change in Ulip guidelines in July 2006, ICICI Prulife Secure Plus Plan has been discontinued. To comply with the new guidelines the policy would have been restructured. Check with your agent or the insurer to know the current status of your policy. As for LifeLink Super Pension Plan, it is a singlepremium plan which you may consider if it suits your need to pay a big one-time premium.