Tuesday, September 25, 2018
Monday, September 24, 2018
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
Friday, September 21, 2018
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:
Thursday, September 20, 2018
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.
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