Portfolio Update - 31st Aug 2016

Quick Portfolio adjustment. Increased cash level again for the lack of investing opportunity. Please check the updated portfolio for details.

New Age Banking to Make Branches Redundant

Gone are the days when having a branch presence was a great competitive advantage for an established bank over a new bank. Technology is transforming the way people bank. With increasing adoption of internet and our country moving gradually towards cashless economy, each desktop or a mobile with internet connection becomes a mini branch wherein you can do virtually any internet banking transaction anytime, anywhere and from any device.

Model Equity Portfolio Update - August 2016

Portfolio update and a quick commentary on the performance so far. Also a brief about the market outlook and strategy going forward.

Passion, Interest and Hobbies of World Billionaires

With combined wealth of over $7500 billion ($7.5 trillion) world billionaires (approx 2500) are all passionate about Entrepreneurship and almost half of them have interest in Philanthropy. Here is the list of hobbies billionaires mostly have:

File Your ITR Online To Claim Tax Refunds

You can file your return of income for claiming refund of taxes even if your income does not exceed the exemption limit due to TDS. Your employer, Banks & financial institutions deduct TDS sometimes more than your tax liability which you can easily claim by filing your Income tax return. This return for claiming the refund of excess taxes paid can be filed within a period of two years from the end of the financial year for which the claim of refund is related.

Filing of tax return these days have become very easy and in many cases even free through several e-filing portals such as H&R Block which also provides assistance in case you are stuck somewhere. All you need to do is to check your tax liability using an Income tax calculator and if you have paid more than what you are liable to pay then file your return online to claim the refund of excess tax paid. 

Retire early with Immediate Annuities

We all get tired working in this hectic professional world today and dream of retiring early with steady cash flow to take care of our daily expenses for life. While this may not seem possible but is also not entirely impossible. If you have saved reasonable amount of corpus and has passed all the major expense points of your life like children’s education, marriage etc then by creating annuities on your corpus can help you in retiring early.

Annuities, mentioned above, are nothing but a pension plan with steady cash flow during your retirement years so that you don’t have to depend upon others for your expenses. Immediate annuities are basically opposite of a typical life insurance policy. Instead of paying regular premiums to an insurer that makes a lump-sum payment upon your death, with an annuity you give the insurer a lump sum of cash in return for regular income payments until you die. Immediate annuities start paying out right away.

Current Tax Structure in India

Post GST most indirect taxes would be replaced by Central Goods and Services Tax and State Goods and Services Tax.

Dangers of watching every tick

One of the biggest mistake you can ever do as a trader or investor. Watching every tick make you right or wrong every other moment and is highly fatal for your eyes, health and financial well being.