Kya Lena Chahiye?

My reply to everyone asking me "Kya Lena Chahiye" after this brutal market fall.

Equity Portfolio Update

Significant panic witnessed in our markets due to IL&FS issue which lead to very sharp corrections in some of our stocks we hold in our portfolio. This was largely expected and we were more than 40% invested in liquid bees. Deployed all the cash today to bring down the cost of some of our holdings and also added a new name which I feel could be a potential turn around candidate as the sector itself is at the cusp of turnaround.

You can check the latest portfolio from the following link: InvestorZclub Equity Portfolio

Go Cashless with Debit Cards

Debit cards make daily money management easy and fuss-free, and they also offer many benefits that save your money. 

The country took to the Digital India initiative in a big way when de-demonetization was announced in November 2016, bringing the nation to a standstill. With ready cash not available, people were forced to transact using their debit and credit cards for all their needs. However, this was a positive development as far as spending electronically goes – debit cards offer tremendous mobility to all users since you don’t need to dispense with cash at all. Whether swiping the card at a payment terminal, or withdrawing money using the ATM card, or using the card number while completing an online purchase, a debit card makes money management really simple.

Leading banks in India offer customers debit cards online, with frequent cashback offers and discounts on using the card. Apart from the convenience of using the card, the debit card offers result in good savings and unique experiences for the card holder.

The argument for using debit cards…

Earlier, most people preferred using credit cards instead of debit cards, because the former added a lot of reward points on most purchases. However, banks have excellent debit card offers that offer customers a range of experiences, discounts and cashback on using the card at select merchants. These days, airlines, five-star hotels and high end retailers also accept payment using debit cards, while some e-commerce giants offer EMI schemes against debit cards as well. Moreover, debit cards are always a better option than credit cards, for the following reasons: 

5 Things You Should Know about Credit Monitoring

Imagine you going through a lot of pain to maintain that perfect credit score. You make all your payments on time, no defaults and there is no chance of you being in bad books of credit. All of a sudden you encounter an emergency and decide on applying for a personal loan. When applied for the same, you are rest assured that your loan will be sanctioned within no time; all of a sudden you receive a bad news stating your loan has been rejected! Now you are in a confused state on how this happened and how is it possible on the first place, because you used to make all your payments on time.

After a brief inquiry, you happen to know that you are a victim of identity theft and your information is used for making various financial purchases. Your banker understands the same and suggests you opt for a credit monitoring plan. But what is a credit monitoring plan? Is that necessary for me? How is it going to be beneficial for me? If you have been a victim of identity theft, the answers to such questions are mentioned below:

Credit Monitoring

Let us first understand what is credit monitoring. A credit monitoring service is offered by various third party companies who can keep a track on your credit related transactions and maintain your credit score for future transactions. Customers usually use this service to guard them from identity theft and also to improve cibil score.A credit monitoring service keeps a close eye on your credit activity and notifies you of any credit transactions happening towards your account. The transactions can include any hard inquiry, purchase of a new loan, etc. Some monitoring services also give you a comprehensive tracking of the cibil scores.