Gold investing is something people have started thinking again in this recession times. The average return on gold in the past year has been around 30 per cent. But if you are investing in gold, make sure it comes with tax benefits and security. Gold has been doing well because of inflationary fears and the downtrend in equity markets.Gold jewellery is not as good a investment as it is not as liquid as bars or gold funds, points out financial planner Gaurav Mashruwala. If you are saving to buy jewellery it makes sense to buy gold coins. These coins are accepted by jewellers in return for gold used in jewellery. If you intend to sell the coins, you may have to take a discount of up to 4 per cent, irrespective of how pure are the coins/bars.
New Delhi Surging gold prices to record highs of over Rs 16,000 per ten gram may have made the existing investors wealthier, but the analysts do not consider it the right time for the new investors to enter this market — both directly or through exchange traded funds.
While gold prices may zoom further and might even cross Rs 17,000 level in the short term, there are significant downside risks from the current levels, especially if the equity markets start recovering, the experts believe, as they attribute the recent rally mostly to the investors’ continued flight away from the stocks. Gold coins are available in different sizes, so you can buy the ones that suits your needs the most. The usual sizes are coins of 2, 4, 5, 8, 10, 20 and 50 grams. The coins are 24 carats, and the banks guarantee their purity too.
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how to invest in gold in india
Sunday, June 6th, 2010Tips for handling with debit card
Sunday, May 23rd, 2010When you use your card, keep a watchful eye on the person handling your debit card when you pay for something to prevent them from stealing your card information. This is a common scenario with debit cards and it is simply better to be safe than sorry later on. Take note of your card’s liability policy as well. This is to ensure that you have adequate protection from fraudulent charges. The thing with fraudulent charges is that you can only be protected if you use signature debit cards and the like so consider this aspect when applying for debit cards.
Know which type of debit card you have, and ask your bank whether you have a choice. Some consumers have complained that the bank changed their ATM card to a debit card that does not require a PIN without letting them know. Always protect your ATM card and keep it in a safe place, just as you would cash, credit cards or checks. Do not leave your debit card lying around the house or on your desk at work. If your card is lost or stolen, or you suspect it is being used fraudulently, report it immediately to your bank. If your card is lost or stolen, close your account and ask your bank for a new account number and PIN. Hold on to receipts from your debit transactions. Don’t throw them in public trashcans or even in your own trash without first shredding them. Crooks are known to “dumpster-dive” for documents that have account numbers and other personal information. Memorize your PIN and do not write it on your card. Don’t choose a PIN a smart thief could figure out, such as letters corresponding to your birth date or your phone number. Never give your PIN to anyone, keep it private.
Use your credit cards wisely
Thursday, April 8th, 2010There are many advantages to having a credit card such as being able to purchase items online and make hotel and car reservations. The way you handle your purchases should be taken seriously. Following are a few tips and suggestions about credit cards.Credit cards have become an indispensable part of modern life. Consumers rely on credit cards to help achieve lifestyle goals by letting them take advantage of special bargains, spread payments out over several months, and provide cash in emergencies. Credit cards have become so widespread that they are often accepted as a piece of primary identification.
Millions of people use credit cards to avoid carrying large amounts of cash, for emergencies, to track spending, etc. However, charging more than your income allows can be worrisome and potentially devastating to your finances and your credit rating. The pitfalls of credit card use are the accumulation of large amounts of debt and the inability to make more than the minimum monthly payment.
Credit cards are just like a loan — you have to pay what you owe — so try and not overcharge more than you can afford to pay.
Keep track of how much you spend on your credit card. Remember that incidental and impulse purchases add up fast.Save your credit card receipts. Compare them with your monthly bill. Promptly report problems to the company that issued the card.Never lend your credit cards to anyone.Owing more than you can repay can damage your credit rating. That can make it hard to finance a car, rent an apartment, get insurance or even get a job.
Affiliate Marketing is a Profitable Online Business Model Ideal for Anyone
Friday, March 26th, 2010Marketing affiliate products on the internet is one of the popular online money making opportunities. Nevertheless, running an affiliate marketing business isn’t easy at all. You are going to deal with problems and think hard to find the solutions to your problem. You’ll certain work on long hours and be willing to study and learn about affiliate marketing.
Before you really start doing affiliate marketing, the very first important thing for you is the niche. The niche of your affiliate marketing business will have a great impact on your affiliate income. If you selected a wrong niche marketing for your affiliate business, you’ll waste a lot of time and lose your investment as well. Therefore, it is so important that you conduct keyword research first to find a profitable niche for your affiliate marketing business.
A blog is a powerful marketing tool. So you should set up a blog specifically for your affiliate marketing business. The domain name for your blog should be set to be relevant to your affiliate marketing business. You domain needs to be easy to memorized and not too long as well.
Starting a blog will require some basic technical knowledge. It’s easy to learn about blog installation and setting up. You are going to need use a blog platform to launch and maintain your blog. Wordpress is the best choice but Blogger is also highly recommended.
Once you have done all the set up, your blog will up and running on the Internet. The next thing to do is to drive targeted traffic to your blog. You may start trying banner advertising. Banner advertising can direct targeted traffic to your blog instantly. Another method to try is article marketing. It’s free and useful for promoting your products. With constant effort on article marketing, you can potentially generate leads and sales for your affiliate marketing business.
how to Invest and Make Money
Friday, March 5th, 2010I know there are many people out there who want to learn how to invest, but are apprehensive because they just don’t have the education or the background to make informed choices. And admittedly there are many financial websites that you can visit to try to gain a better understanding of stock trading, and investing in general. Investing is a difficult game with huge rewards if you get things right, and huge losses if you get them wrong. Despite what others may make you believe, investing is less risky than you may perceive. If you take the right precautionary steps, you can easily avoid most starter mistakes that may lead to losses. you should start investing early in your life. Don’t delay and its no problem you start late than never. Don’t wait until you are 40 to start investing; the sooner you begin the more you can gain. Any money that you can set aside should be invested wisely. The sooner you start investing, the sooner you start seeing profits. Moreover, if you invest early in life, you have the chance to recover from mistakes before you hit retirement age. you should be a bit bold in your investments. Many people tend to invest only a small portion of their savings into stocks or options and put the rest into a savings account where it accrues little interest. By being a bit more aggressive in your investment strategy, you could multiply your returns ten fold.
The Budgeting process
Friday, January 8th, 2010A budget process refers to the process by which governments create and approve a budget. · The Financial Service Department prepares worksheets to assist the department head in preparation of department budget estimates · The Administrator calls a meeting of managers and they present and discuss plans for the following year’s projected level of activity. · The managers can work with the Financial Services, or work alone to prepare an estimate for the departments coming year. · The completed budgets are presented by the managers to their · Executive · Officers for review and approval. Justification of the budget request may be required in writing. In most cases, the manager talks with their administrative officers about budget requirements. Adjustments to the budget submission may be required as a result of this phase in the process.
The process of preparing a meaningful and useful budget is best undertaken as an organised and structured group exercise. The budget process involves asking a number of questions. These start with plans and goals, not numbers. These questions can only be answered by programme and finance staff working together:
- What are the objectives of the project?
- What activities will be involved in achieving these objectives?
- What resources will be needed to perform these activities?
- What will these resources cost?
- Where will the funds come from?
- Is the result realistic?
Once the budget has been agreed and the activity implemented, the process is completed by comparing the plan (budget) with the eventual outcome to see if there is anything we have learnt or could do differently next time.
INDIAN RUPEE TO U.S. DOLLAR EXCHANGE RATE
Wednesday, January 6th, 2010The Indian Rupee is the currency in India (IN, IND). The symbol for INR can be written Rs, IRs, and ₨. The Indian Rupee is divided into 100 paise. The exchange rate for the Indian Rupee was last updated on January 5, 2010 from The International Monetary Fund. The INR conversion factor has 6 significant digits. Large amounts of Rupees are expressed in lakh rupees or crore rupees. A Lakh Rupee is one hundred thousand rupees and a crore rupee is ten million rupees.
In 2007, India experienced rapid appreciation of its currency against the US dollar. The reasons for the appreciation of the rupee were a generally weak dollar in international currency markets and sharp increase in dollar inflows into the country, partly due to India’s increasing attractiveness to foreign investors. Although India had been seeing a steady rise in dollar inflows into the country for quite some time, on earlier occasions, the Reserve Bank of India (RBI) had intervened in the foreign currency market and purchased excess dollars so as to prevent any appreciation in the value of the rupee. Now, the RBI decided not to intervene, mainly to control inflation which was around 6 percent in early 2007.
How to protect your money by using fake shipping documents
Wednesday, January 6th, 2010If the seller’s bank believes that the papers are authentic and pays the scammer, the buyer will never see the goods and will spend much time in discussions with his bank.
Always ask the seller to fax you the drafts of all the papers which are supposed to be sent to the bank. Check them carefully. Most of the shipping lines have online tracking system, where by entering the container number you can see when the cargo actually left the port and to which destination. If all looks acceptable, ask the seller to issue the originals and send copies to you by fax or e-mail. By B/L number you can always trace any shipment.It is a good idea to ask your bank (opening bank) to send you the copies of the documents received. You can check them before the bank pays the seller.You can include other papers to be presented to the issuing bank: inspection reports issued by an independent inspection company, all kind of documents issued by the official organisations of the exporting country etc.