Recommended Websites – May/June 2012

Hello Everyone,

I want to recommend  you to read Warren Buffet’s authorised biography “The Snowball: Warren Buffett and the Business of Life”. This has helped me to understand how an intelligent investor analyse and invests in any market. This principle of investing can be used to invest in stock, shares or mutual funds.

Happy reading.

Please note: I will try to share any good books on financial planning as soon as I come across. If you come across please share it with us.

Thank you.

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Best Fixed Deposit rates in India – Part 2

Hello Everyone,

This is to continue with my previous blog entry under “Fixed Deposit”. I Would suggest to act fast if you are planning to invest in Fixed Deposit as the rates might be slashed due to RBI rate cut.

I still feel following are still good one as suggested in my previous blog post.

  1. Mahindra Finance gives around 10% for 24 months (source click here)
  2. Karur Vysya Bank gives around 10% for 24 months (Source click here)
  3. Karnataka Bank fives around 9.75% for 24 months (Source click here)
  4. HDFC Bank gives around 9.25% for 24 months (Source click here).

Note: Please make sure that you have read the terms and conditions properly before you decide to apply for a fixed deposit as most of the banks have penalty clause for premature withdrawal.

Thank you.

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Recommended Book – February 2012

Hello Everyone,

At present I am reading Richard Templar’s “The Rule of Wealth”. Richard shares his experience on how to plan and maintain your wealth.  Highly recommended.

Happy reading.

Please note: I will try to share any good books on financial planning as soon as I come across. If you come across please share it with us.

Thank you.

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Recommended Magazines

Hello Everyone,

I go through these magazines to get more information. I prefer to buy paper copy and recommend the same, if you can or for people who are staying abroad can access through the following link:

Money Today

Business Today

Outlook Money

Thank you.

 

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Personal Financial Planning – Is it required

Hello Everyone,

Question: Is personal financial planning required?
Answer: Of course, yes.
Question: How do we plan?
Answer: Good question, I can write a book. Let us explore.

When I browse through the net or talk to any financial advisor, I always manage to get different opinions. It is same with you. Great we are on the same track.

Remember:

1. Financial advisor should be independent and not product specific [Is it possible to get one-if you find one please send me the details].

2. Talk to agents to get the information you need. This should help you in your financial planning.  Do not get drawn by marketing stunts (that is what I call).

Indian Banks  follow RBI guidelines of min. 6% (yes that is right, 6% and not 4%).

Please comment on what you think.

Thank you.

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Recommended Books – January 2012

Hello Everyone,

Before you start your financial venture, you need to explore, research and acquire enough knowledge in order to support your key financial decisions. I have read lots of book over time and suggest you do the same. To start, I would like to recommend you to invest your time and money to this book written by Mr. Robert Kiyosaki.

This book helps you to understand about assets, liability, how to plan your finance, etc.

Happy reading.

Thank you.

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