You need to think twice before investing your hard earned money.  NRIs or the Non-Resident Indians wants to invest their money into the various schemes in India. Not all are careful before investing. Their investment ventures usually meet with cheating and fraud most of the times.

Since the investment priorities for resident Indians and non-resident Indians are different from each other. Below are listed some useful investment tips for NRIs:

Review your future requirements:

Assessing your present and future investment needs is very important and makeup your mind which avenue of investment you want to pursue.

For example if you wish to have monthly income, invest in solid mutual funds where you get monthly dividends instead of growth funds.

Your long term goals:

Another important point is to determine your long term goals and targets. If you desire to return to India, then invest in long term growth schemes that assure to give good returns in coming times.

For multiplying your money invest in property or equity funds.

Invest according to age:

While planning to invest, age is definitely an important factor. Being young you can take risks but if you are old, then avoid investing in risky schemes. Invest in relatively safer schemes.

Current condition of the market:

Factors such as current market conditions, inflation rates, and etc.also play significant impact on investment plans. Play safe with your precious savings and follow the rule of thumb.

Remember theses effective tips before planning to invest and be sure for getting great returns!

Owing to the numerous and complicated apprehensions and warnings, people perceive mutual funds as risky and fluctuating.

“Mutual funds are subject to market risks,’ is a frequently heard sentence in the advertisements regarding mutual funds.

The famous proverb, “No pain no gain,” is absolutely true to the core.  Almost all types of investments carry some amount of uncertainty and unpredictability and mutual funds are no different.

Possible Risks:

Risks such as political risks, liquidity risks, inflation risks, market risks, etc are the various types of risks affecting mutual funds.

1. Market Risks:

A number of factors affect the mutual funds and the economy. This can be dealt with by a well planned market graph. The plan should be comprehensive and intricately planned.

2. Credit Risks:

This refers to the “cash flow in the company and the investors experiencing debt.” Independent rating agencies calculate the credit risks and the rating of AAA is the highest and the safest one.

This risk can be mitigated by a ‘well diversified portfolio.’

3. Inflation Risks:

It is the most common risk at the present time. Inflation means loss of purchasing power or purchasing capacity. An effective way to deal with inflation is to invest in a diversified portfolio and investing in a variety of plans.

4. Liquidity Risks:

Liquidity risks refer to the risks arising from the inability or difficulty in selling the purchased securities by an individual.

Important techniques of mitigating this risk are the ‘staggering and diversification of the internal apprehensions.’

Be careful in investing in mutual funds. Calculate every step and be precise in your dealings. A little market understanding and careful decision is what you need to make the right investment.

Keep the associated risks in mind and boldly invest in the golden harvest!

Nowadays the banks often turn down finance request of many people. Gone are the days when banks used to run after people trying to offer finances.

It is an embarrassing situation and a heart breaking too.

Here are mentioned top five reasons where banks might turn down a loan request. Find them out and be careful while applying for one:

1.  Having a low Credit Score: 

If you have a low credit balance, then you will definitely have problem in getting a loan sanctioned from any bank. Low credit score can mar your chances of getting a loan sanctioned.

2.  Number of Recently Made Loan Requests: 

If you have applied for a loan in recent past and have a negative record, then this kind of record will pull you down. Your chances of new loan will fall flat on the ground.  You will be seen as risky customer.

3.  Had a Recent Financial Problem:

In case you have missed any credit card payment in the last three years it will be visible in your credit account report. It could be a deterrent in your loan sanctioning.

4.  Having No Previous Credit History: 

Strange but true! If you have no past loan history, your chances of getting a new loan are faint. The banks do not have any record to check your authenticity and veracity ion repaying them back.

5.  No Registration in Electoral Roll: 

If your name is not registered in the electoral roll, your loan request might be turned down.

The above listed points are the common hurdles that you might encounter in your attempt of getting a loan sectioned form banks and other financial institutions.

Life is very unpredictable. You never know what will happen the next moment? Ever thought, what would happen to your loved ones, if you do not return home today?

The mere thought send a chill down the spine and you are speechless. What will happen in case you die? What about the home loan? Who will pay for the household expenses? What about children’s education?  And who will look after the taxes?  There are innumerable questions and not a single satisfying answer.

Besides your physical absence, your family will also experience the absence of the financial support that you provided.

Fortunately life insurance is one way that will keep them financially protected when you are not around to take care of.

Life insurance is actually assurance to safeguard the financial interests of your family in your absence.

Importance of Life Insurance:

Some of the important benefits of life insurance are listed under:

Mortgage Protection:

Paying mortgage balance is the most important reason for buying life insurance. This means that even when you are not around, your debts will be looked after by the insurance company and will not be a financial load on your family.

The Sooner the Better:

Be hasty in seeking a life cover than pondering again and again. Just take it and do not be lazy. Since you are active and young, the premium will be less. You will have considerable savings by the time you are 65 years old. So why waste the precious time!

Having a Spouse:

Be the first to buy a life insurance if you are married. In times of distress or illness, you would not like your spouse to suffer from any economic crisis. Monetary trauma would be the last thing you would want your spouse to suffer from.

A Legacy to Pass Forward:

Life insurance is a great economic heritage to pass on to your off springs.  Your children can inherit your savings in the form of life insurance.

Funeral Expenses:

With the rising inflation the cost of medical, funeral and burial expenses are soaring high. You would not like to leave this exorbitant burden to affect your family. Such expenses can be looked after by your life insurance policy.

Your family is looked after by your life insurance policy. It gives you the much needed financial security and guarantees your family a safe and sound economic environment.

Online banking is an easy and popular way to transfer money without going to bank and spending much time in queue. However you should know about the safety points while making an online transaction.

Important Safety Tips:

Read the following significant tips to safeguard your account and make online banking a safe experience:

Use of PC with Safety Firewalls:

You should make transaction in safe environment to minimize your chances of falling prey to internet mischief-mongers.  It is an important step to safe online banking.

Enable Private Browsing Features:

While using public or common PC, remember to use a private browsing option that is available with Google chrome or Mozilla Fireworks. This way you will evade the probability of storing valuable data with the PC.

Type Wrong Password the First Time:

By doing so, you can easily verify the veracity and authenticity of the site. If the site accepts your wrong typed password and proceeds to the next level, it is a fraudulent site, otherwise it will ask for the correct password.

Check Basic Information on the banking Site:

Make sure to verify about the padlock symbol of the site for its correctness. If you are unsure about the genuineness of f the site, check about its further information by selecting security tab.

Use Complex Passwords:

Simple passwords can be easily decoded.  So select a password that is hard to guess.

Remember theses valuable safety tips and be sure of safe banking.

So happy browsing!

The existence of a harmonious landlord-tenant relationship is mandatory for a smooth leasehold estate. The safety and rights of both the landlord and the tenants have to safeguard. Overlooking anyone’s interest will lead to the breaking of the relationship.

 
A landlord is a person who rents out any owned property under a license. He is also termed as the”lessor” of the rental property. He permits the tenant to use his property under an agreement for a certain period of time. He gets monthly rent in return.

 
A tenant is someone who rightfully occupies the rented property under an agreement or lease. A tenant is also called a”lessee” of rental property.

 
Rules and Laws Governing Tenants and Landlords
Since expensive immovable property is at stake therefore, it is very important to safeguard the right so both the landlord and the tenant. Both should be in a gain-gain situation and should not be exploited.
Majority of the rules are explicitly mentioned in the agreement signed by the two parties. This agreement spells out the rental money, late fee charges, number of people renting the property, whether the landlord allows the pets or not, etc.
Besides this agreement, there are certain obligations imposed by the State on the landlords and the tenants. They are as under:

No Discriminations
No decimation is permitted by the state on the grounds of gender, race, religion, caste, creed or disability. This is an important rule to ensure the rights of the tenant.

Maintain habitable environment
It is the duty of the landlord to maintain and provide habitable premises. The location should be clean and tidy. Unhealthy and uncouth accommodations are harmful for the health of the tenants. If the tenant spends money on repairs of the accommodation, he is eligible to deduct the expenses from the rent.

Security deposit
The landlord is supposed to retain the tenant’s security deposit within the allocated time period as set by the state.

Eviction with prior intimation
The landlord cannot evict a tenant without serving a prior notice and following appropriate judicial procedures.

Tenants should not use loud music or other noisy equipments
The tenants are supposed to seek the permission of the landlords before using a loudspeaker or other noisy equipments.

Today's Joke

Why hairs are white

 

KID: - Why some of your hair are

white dad?

 

DAD: – Every time a son make his dad

unhappy,

One of his father’s hair turns white…..

 

… … KID: - Now  I understand why

Grandpa’s hairs are all white..