Tuesday, 8 October 2013

Buying your first house? Here's a checklist of 9 sales pitches that you should be wary of

Buying your first house? Here's a checklist of 9 sales pitches that you should be wary of
As the festive season approaches, salesmen and agents are preparing to lure you with freebies and discounts. Here’s how to take a decision based on facts.
Before buying a property, read the sales agreement carefully
ET Wealth looks at a few clauses in a sale deed that you should examine closely before signing it.
Now pay more for banking services
While the increase in repo rates will make loans more expensive, you also need to be cautious about the fees and charges for other banking services and transactions, which have been hiked in the recent past.
Exposure to $100 billion unhedged foreign loans: How deep a trouble is India Inc in?
The rupee’s depreciation will result in higher input costs as well as higher spend on the interest payment for foreign loans.
IIFCL or Hudco: Which of the two tax-free bonds should you opt for?
The rating differential will come into play if you want to sell the bonds later. An AAA paper usually commands a better price than AA+ paper in the secondary market.
Quote of the week
"Today, we have an explosion in banking, wherein a bank’s most trusted customers are not the rich but the poor."
P Chidambaram Union Finance Minister
Family finances: High income, early start make goals of Khobragades within reach

Family Finances

The Khobragades have done well in buying adequate insurance and a house early in life. Now, they must shed their inhibitions about equity investment.
Financial mistakes young investors should avoid

Financial Planning

Youth should do away with lame excuses about managing money and develop good financial habits that can serve them well in later life.
Healthspring: Kaushik Sen's Rs 5 crore venture brings back concept of a family doctor

Money-making venture

If one was ill, the doctor would even visit your home and recommend medication,” says Sen, adding, “In the past 10-15 years, the concept of family doctor has vanished.
How Sudhakar Chirra’s online venture, AbhiBus turned into a multi crore venture in six years

Entrepreneurs

'The untapped potential of the bus transport vertical will keep us busy, and hopefully, profitable,' says Sudhakar Chirra.

Financial Calculators

Plan your car
Plan your car
Car cart!
Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy.
Home Loan Refinance
Home Loan Refinance
Should you refinance your home loan?
Find out how much you will have on retirement with different combinations of savings, percentage returns, time to go and tax rate.
You can save yourself needless hassle, not to mention money, time and effort, if you do a little homework before knocking on the doors of the court.
Two years later, Sebi extended this facility to other classes of investors, including the high net worth individuals and corporate investors.
Apart from solving mathematical equations and operating scientific calculators, if one knows the basic MS Excel functions, the calculations can be done in seconds.
The core, which includes property, gold, the PPF, bank fixed deposits, and the provident fund, represents wealth that should be protected from erosion.
A card holder must fill an application form to enrol in the credit card protection plan. The form is also available online on the websites of the bank and the CPP.
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