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investment planning

The conventional way to plan for retirement is to create a corpus by regularly investing till the envisioned age of retirement, after which the corpus thus accumulated would be self-sufficient to generate a regular flow of income to sustain the same standard of living during the post retrial phase of life for self and financial dependent/s(mostly spouse) till the expected life span(i.e., AGE-80 mostly).

The entire exercise of choosing the best suited pathway or investment vehicle plays a crucial role in arriving at the adequate retirement corpus needed at vesting/retirement age.

INVESTMENT (FINANCIAL ASSETS):

The most important aspect of investments is “Financial discipline” as most often than not, we may falter and do not adhere to the objective of investment in the long run, it is easier said than done, as many a time we may discontinue, withdraw or utilize the funds earmarked for a specific goal (retirement) for other reasons due to many reasons be it medical emergencies, or changing aspirations or opportunistic investments etc.

REAL ESTATE:

In the Indian context, when compared to the developed economies like U.S.A, U.K etc., where the way to plan for retirement is generally by way investing primarily into investment assets/vehicles like stocks, Mf’s, Deferred Annuity Plans offered by insurers, tax exempted retirement plans (401k) etc. much in contrast to the conventional way of planning for retirement in India where, the real estate investments and rental income arising thereof is considered as an alternative post retiral income source. But the best suited way to plan for retirement is to diversify and opt for a diversified asset allocation into a combination of both the real and financial assets.

PENSION:

The minor proportion in the Indian context comprise of the government employees (who have joined service before JAN, 2004), these employees are entitled to pension based on the erstwhile defined benefit schemes. But a commonly held misconception that though the government regularly enhances the pension by Hikes in Dearness allowance, changes during the Pay commission etc. it would be prudent even for the government employees to plan for the retirement and cross check to verify the pension available to them would be sufficient enough to sustain the same standard of living.it is highly recommended to avail professional help on this front.

Let us look at a few other factors that we should consider for retirement:

STANDARD OF LIVING:

It is very important to determine whether one would like to settle down in a city or a village/town in the countryside as it would directly reflect in the standard of living costs.

COST OF MEDICINES:

As health care costs are escalating at a staggering 12%-15% pa worldwide which means that the adverse health condition which is more prevalent now than earlier times would lead to an additional financial burden for self and family. So factoring this cost is a crucial component for retirement planning.

EARLY RETIREMENT:

Though everybody aspires to retire early, with changing times are also the aspirations of people, not to mention the instability of career, higher attrition rate of employees, short work span, all leading to a situation to set aside a huge chunk of present income and investing the same for providing post-retirement income needs.

FINANCIAL DEPENDENTS:

Retiring early also means additional financial dependents as the children might not be totally self sufficient and independent financially, which means the parents/bread earners of the family have to support them too till they become independent, and in modern times, even the average age of marriage has gone up drastically which means late marriages are the norm of the days.

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MoneyMindz.com India's First Free Online/ on-call Financial Advisory

MoneyMindz.com India’s First Free Online/ on-call Financial Advisory

We all love to travel and for most people overseas travel is a wonderful and enriching experience, however being the unpredictable nature of travel, misadventures whilst on holiday do sometimes occur. The following are just an account of a real life couple who from real Insurance customers were having comprehensive travel insurance has really paid off – with Moneymindz Insurance advisory service even when they are a million miles from home, but never far from care.

Sagir and Poulomi travelled to Bogota in Colombia to visit their son and his partner who are working respectively in Colombia as an archaeology professor and as a History teacher at an international university.

A couple of days after arriving in Bogota, Sagir woke at 2.50am in the morning with severe lower-back pain and stomach cramping. After a couple of hours of excruciating pain and no improvement, Poulomi decided the time had come to call a taxi to take Sagir to a medical clinic which was nearby  the university where their son and daughter-in-law teach.

Shortly after arriving at the clinic examined Sagir, one of the clinic doctors provided him painkillers. An urologist also examined him a few hours later stated that Sagir was suffering from kidney stones.

Once the diagnosis had been made, Sagir immediately contacted his old advisory service Moneymindz, where he was quickly advised what to do. While at the clinic, Sagir received a series of follow-up phone calls from operators at the Moneymindz Advisory Service for an insurance to whom he assured about his treatment. They reassured him that he was receiving appropriate treatment.

He made several visits to the clinic for pain relief and asked an urologist for a CT scan. Thankfully, the stone passed and Sagir’s health improved without the need for surgery.

After getting the all clear, Sagir and Poulomi continued their trip to Bogota.

Arriving safely back in India, Sagir is very grateful he had travel insurance. “The comprehensive Moneymindz, Best Financial Advisory Service fulfilled its role and expectations in every respect and the claim was speedily and fully processed after the trip”.

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MoneyMindz.com India’s First Free Online / On-call Financial Advisory

Tennis is the toughest sport and completely depends on hard work. There is no way around the hard work so aspirers have to embrace it. The mantra is we have to put in the hours because there is always something we can improve. We have to put in a lot of sacrifice and effort for sometimes little reward but we have to know that, if we put in the right effort, the reward will come. Same thing works for an individual, who, does not necessarily have to work hard but need to discuss about what kind of investment they have keen. Looking for something befitting and rewarding, one must strive to achieve it.

 

“Laziness is not merely a physical phenomenon; it is about being a couch potato, stuffing your mouth with fries and watching television all day. It is a mental thing, too, and that is where I have never aspired. In the world of creativity, laziness translates into an inability to be rigorous enough to create fearlessly. It makes us plagiarise or water our creativity down to make it more acceptable to the public “a renowned Indian film star quoted. He is now the richest Indian superstar and joined the ranks of others in world’s top 20.

 

Therefore, the reason to quote this is to rectify people with laziness who thinks of investments only in top companies without having practically any knowledge. People are too lazy to learn and gain financial literacy rather they depend upon top-notch agents from big companies.

 

Compared to other talented players in his generation, his early life was a struggle through state and junior cricket teams when he finally accepted in the national team. Later as a Captain of the Indian National Team, he would profoundly be honoured for his successes and alternatively vilified for his failures. The secret of his ability to keep moving on through the ranks to ultimate success without falling prey to over confidence and criticism lay in his ability to step back and analyse what went right and what went wrong each time.

 

 The only difference between this quote and me saying is Moneymindz will struggle to get you the perfect investment. Never fell prey to overconfidence and depend on some multinational or renowned company for investment. Play safe and swiftly.

 

For more information, contact Moneymindz, the Best Free Financial Advisory Service.

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MoneyMindz.com India's First Free Online / On-call Financial Advisory

MoneyMindz.com India’s First Free Online / On-call Financial Advisory

A renowned insurance company of our country, one of the largest insurers, is working on a significant makeover that will include an overhaul of its lending operations, stronger corporate governance framework and a more modern sales force equipped to receive digital payments. A senior government official said that the insurer would soon appoint a banker to oversee its lending operations

A standard operating procedure worked out for repayment through One-time Settlement Scheme(OTS)

At the end of March 2016, the renowned insurance company had a debt of around Rs. 3 lakh crore greater than the previous financial year. The finance ministry has also nudged the insurer to give POS machines to its 20-lakh agents for premium collection. To start with, the insurance company is expected to give the machines to about two lakh agents.

This is in accord with the government’s aim of strengthening digital payment infrastructure. The insurer will also set up a cyber security cell to monitor any deviation stated by an official. Around 90% of the insurance company’s premium is collected through its agents. An email sent to the company did not elicit any response until the time of filing this story. 

The company on Monday reported 12.81% year on year growth in its total assets at Rs 24.41 lakh crore at the end of December 2016. It recorded 12.43% rise in total premium income at Rs 1.45 lakh crore during the nine months ended December 2016. 

In the past year, corporate governance issues have haunted India’s largest insurer. The finance ministry had initiated a departmental enquiry against its former chairperson, allegedly over investments made by the company in real estate firm in 2008-09. 

The chairperson unexpectedly resigned in June, two years before the end of his term. He later requested the government to relieve him under the voluntary retirement scheme after realising that he stands to lose benefits including pension and other emoluments if he quit

Be safe and ensure from where you are having insurance. Big companies are digitalizing the matter for smoothness. For more information and queries, contact Moneymindz, the Best Free Financial Advisory Services.

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MoneyMindz.com India's First Free Online / On-call Financial AdvisoryMoneyMindz.com India's First Free Online / On-call Financial Advisory

MoneyMindz.com India’s First Free Online / On-call Financial Advisory

As Hollywood draped itself gorgeously on their biggest night, the 89th Academy award at Los Angeles with La La Land heading the race with maximum number of academy, a small blunder made the headlines. The award for the best picture was mistakenly given to La La Land instead of Moonlight. The ensemble cast of La La Land coruscated when suddenly one of the veteran actor and presenter apologized for announcing the wrong name. He even showed the envelope where the name of the winner was printed.  A famous auditing company has been handling this responsibility for 83 years and suddenly they had to apologize to the academy for such fault.

The whole crowd went perturbed because it indicates careless or overconfidence. Both are dependent on each other and when one error leaped up, academy is blaming the executives for miscounting. A real embarrassment for so many people – the mistakenly awarded winners who were delighted to add an extra prize on their cabinet, the academy for hosting such a big event, the guests, who never thought of such mishap and the auditors, responsible to count the votes. Mistakes happen and humans are not perfect but trying to avoid it and getting everything perfect is what everybody expects. Though it did not look as bad as both of them deserved equally but somewhere and somehow, it seems weird to be the headline of some disaster.

When an event of 89 year old can commit such mistake, then why not people with so low knowledge on financial services and products. It is not about blaming – individuals might not have time to go through everything and learn. Sometimes a bit of advice and some tips work.

Moneymindz, the best Free Financial Advisory Service has brought you advisors where you can get ample ideas for your future investments. Do not repeat now, contact us, we are there for you all the time.

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India is a nation consisting of people from the poor/middle class and hence will be careful in spending their hard earned money. Simply earning is not good enough; you must also know to effectively channelize your savings in a logical fashion.  

Financial Advisors @ Moneymindz is unique, as it is India’s top financial advisory company assisting people of India in offering financial freedom and advisory mobile applications. Moneymindz is India’s largest financial search engine offering free advices. Many people have been educated @ Moneymindz, regarding financial concepts and financial products under one roof.

An unbelievable financial advice can make a vast difference in your life. Pick up your mobile and give a missed call at 022-62116588.

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Insurance is the major component of any financial market. Everybody likes to make quick money. Hence, insurance agents, having greed for incentives, will try to get more customers at any cost.

Ways  A Good Insurance Advisor Can Mislead You:

Some of the ways in which a good insurance advisor can mislead you are as follows:

Insurance Policy Do Not Match:  You will call the insurance company and person visits your house. You will take up policy, after being mesmerised by the advisor. Later you feel that policies do not match your requirement, and can be very disgusting at times. You will become a victim of Mis-selling.

Hiding Facts: The insurance agent, like to hide negative aspect of the insurance. This will put the customer in a fix and will not get full info on insurance.

I have an Insurance, Hence I’m Safe:

Many people in India think that, since I am having the insurance, I am safe. However, that is not the situation, because various insurance is available for various situations. Hence as a smart customer you must be alert, and choose your insurance smartly.

Sweet Thieves: Insurance companies, where the agents are working will have a bad reputation. At this juncture, company forces the agents to sell products/services using various tricks in the books.

Misleading Advertisements:  You should be on guard against bad advertisements/pamphlets and banner ads. Bad advertisements can destroy reputation of the company, your work.

Bogus Company: Company, where the insurance agent belongs will not be present in India. They will try to attract the customer with extra- customer service. Fraud deals can happen at any situations.

Fake Agents: Most of the agents are very corrupt and will pull up customer’s database and sell the insurance policies. The agents will not have proper license to even take up the position of Insurance advisor.

Super Commissions:   To get extra commission, insurance agent takes multiple applications from a single person. You will have serious problem looking and analysing statements of the policies and will get confused.

Hence you can give us a missed call at 022-62116588 and we will guide you

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MoneyMindz.com India's First Free Online Financial Advisors Financial Advisors
MoneyMindz.com India’s First Free Online Financial Advisors

Education makes a nation strong and more than 90% of Indians are literate. Demand for skilled/educated people for any executive position and beyond has increased and nothing better than quality education. Moneymindz.com is India’s largest financial search engine offering guidance in giving the education loans.

Vitality Of Educational Loans:

A good education loan is the need of the hour in India. Students, not able to pay for higher end courses can get the loans from various banks like State Bank Of India, Indian Bank, Bank Of Baroda, Corporation Bank, Vysya Bank, HDFC Bank, Punjab And Sindh Bank, Andhra Bank, Syndicate Bank, IDBI, ICICI Bank, Bank Of India and other financial institutions in India. Moneymindz is assisting the students in India, to get quality educational loans, without any hassles.

Document Required In Detail For Taking Up Educational Loans in India:

You need the complete documents for taking up the educational loan like:

  • Driving License.
  • PAN Card.
  • Passport
  • Bank Account Statement.
  • Latest Electricity Bills.
  • Latest Mobile Bills.
  • House Rental Agreement.
  • Copy of Admission letter of the college/universities.
  • Xerox of Mark Sheets of SSLC, PUC and Degree Courses.

Conditions To Be Full-filled While Taking Up Education Loan

Some of the conditions to be full filled while taking up educational loans are:

  • Must be a citizen of India
  • Copy of admission letter
  • Must be a recognized course from recognized university
  • Expenses for the course
  • 4 Passport size photographs
  • Statement of bank account for last six months
  • Details of expense of the courses

Duration To Complete Educational Loans:

Maximum tenure to complete educational loans is given below:

Loans up to 8 Lakhs—–Repayment will be up to 10 Years

Loans above 8 Lakhs—- Repayment will be up to 15 Years

Why Choose The Educational Loans In India?

Education is the ideal foundation to have a complete and successful life. Reason behind choosing the successful educational loans in India would be:

Expensive Education:  Cost of education has increased considerably. Due to inflation cost of your son/daughter’s education is challenging to bear. Good education loan helps in overcoming any hurdles.

Easily Available:  Most of the education loans are easily available in India. All public sector banks are offering education loans in India. Your ability to repay will also be taken into consideration.

Advantages of

Good Educational Loans In India:

Some of the advantages of a good educational loan in India are as follows:

  • Anybody having burning desire to study can apply for educational loan
  • Females, and disabled persons are offered concessions in educational loans
  • Loan amount will vary from approx 10 Lakhs to the maximum 20 Lakhs
  • Loans below 4 Lakhs does not require the role of guarantor
  • Loans above 7 lakhs will require security
  • Educational loans are offered to people, willing to take up academic courses in India and foreign nations.
  • Government is sponsoring their unique scheme “Central Scheme Interest Subsidy”, to assist economically backward sections
  • Applicant can repay loan after studies, and locking period is approx 5 or 7 years.
  • Students taking up educational loan will understand value of money.
  • Student will develop excellent credit history, if he/she repays loan on time.

So, indirectly one can have a good financial planning, if one is able to clear a education loan on time.

A missed call will do on the number 022—62116588 / 08049202111 and Moneymindz financial experts will call you immediately.

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MoneyMindz.com India's First Free Online Financial Advisors Initial Public offering (IPO)
MoneyMindz.com India’s First Free Online Financial Advisors

Process of offering the shares/stocks to the people of India is     known as IPO. A unique situation, in which owner of a firm, will offer the ownership to its shareholders.

Who Can Offer The IPO:

Any company cannot offer the IPO. Only some companies in India are following the requirements as per SEBI (Securities And Exchange Board Of India) and companies act can issue the IPO. Some of the conditions are as follows:

  • Good track record of the distributable profits for three years.
  • Company is having a net-worth of approx 1 Crores in the last 3 years.
  • Company and its associate must clear The SEBI guidelines.
  • You must have distributable profit for at-least three years.
  • Net tangible assets must be INR 3 Crores for the next three years
  • You must obtain grading of the IPO from one or more credit rating agencies.
  • Make sure that the paid up equity shares of the companies has been full paid.
  • Company must have a website
  • Post paid up capital of the firm must be at least INR 5 Crores.

Advantages of IPO in India:

Some of the advantages of the IPO in India are given below as follows:

  • Access to the evergreen capital markets in India.
  • Helps the small business founders and capitalists with the chance to take out early investment.
  • Helps the business house to have good public awareness.
  • Company gets recognized and can go for mergers and new acquisitions.
  • Encourages company to be transparent on various issues, by showing all information in the newspapers across India.
  • Helps the company, big/small to have good relationship with customers, suppliers and lenders, to enhance the credibility.
  • Assists companies to have very good/energetic incentive packages for the employees and the management.
  • Public can assess the growth and development of the individual.

DISADVANTAGES OF GOING PUBLIC WITH THE IPO (INITIAL PUBLIC OFFERING)
Some of the negative points, relating to the IPO are mentioned below as follows:

  • Launching an IPO is said to be very expensive.
  • Company will lose all critical information and hence lose control over its resources.
  • Working style of the firm and business tactics will come to the fore.
  • Shareholders will ask for a major share in the company business. Refusing to do it lead to takeovers.
  • The Company loses its flexibility and management will become weak.
  • Marketing strategy and cost will be very heavy on small and average enterprises.

How Initial Public Offering (IPO)Works:

IPO is a very challenging process and procedure is mentioned below as follow:

  • Companies hire an investment bank to do underwriting, a way of raising money, using debt or equity.
  • Underwriters acts as mediators between the public and companies.
  • Company and Investment bank will negotiate regarding security issues and other management related issues.
  • After finalizing the deal, investment bank set up registration statement, submitting the details to the Securities and Exchange Commission (SEC).
  • Registration details consist of company details like core policies, management, financial statements, vision, mission, core issues.
  • Securities and Exchange Commission takes some time to study documents and examine all the documents.
  • After the approval, a date is finalized in which, company will offer the stock to the public.
  • People get appointed like the underwriters, who get commission of 2.5% on underwritten amount.
  • Registers process the application form calculate amount and initiate allotment process.
  • An experienced member of the Stock Exchange is appointed as brokers for marketing purpose. They receive max brokerage charge of 1.5%.
  • Company appoint lawyers to make sure all regulations are complied with.
  • A draft prospectus is created giving info about the company, founders, partners, terms and conditions, modes of financing, profit and loss statements and others.
  • Senior Manager verifies claims and details are filed with SEBI.
  • Prospectus along with the copies of the agreement entered into with underwriter, lawyer, managers, registrars and brokers is filed with the register of companies, where the firm is located.
  • Application form and prospectus are circulated to CEO, MD, Board of Directors, Bankers, Underwriters, and Brokers as well.

Companies in India, big or small, would like to go in for the Initial Public Offering (IPO).

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MoneyMindz.com India's First Free Online Financial Advisors Stock Market Information
MoneyMindz.com India’s First Free Online Financial Advisors

You will not like to work in a company for your entire life. Trust me, after some years you will feel like controlling your finances by establishing your business. Nothing better than Stocks, will give you a clear picture of the business in India.

Stock : A unique kind of security / share of an organization that is held by a person or a group is known as the Stock.

Kinds of Stocks:

There are two kinds of stocks, that are available in India namely the

Common Stock: A unique kind of stock,that encourages the owner to vote at meeting of the shareholders, and receive the dividends is known as the Common Stock.

Preferred  Stock:  A unique kind of stock, encouraging the shareholder to a fixed amount of dividend, where payment takes over other share of the dividends is known as the Preferred Stock.

Major Things To Know Before You Go In For Stocks:

Some of the criterions to be followed before one goes ahead and purchases the stocks are as follows:

  • You must have a proper Pan Card.
  • You must be an Indian Citizen.
  • One must apply for a Demat Account.
  • You must check for the way stock prices are set.
  • One must buy shares when cost is low, and sell the share, at the time when cost is very high.
  • You must understand the bidding in stock market and check for the actual prices of shares.
  • Be careful relating to the trading scams/fraudulent activities.
  • Must do technical analysis like doing deep study of charts, bar graphs, index graphs and pie charts in a logical fashion.
  • Do not make huge investments.
  • Choose the correct stock market broker.
  • Select the share, that has profit in the coming years.

Most of the investors are sticking to the traditional companies offering good stocks/shares in the financial markets.

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