Recently GOI released the draft of Gold Monetization Scheme. The general public can share their views on draft Gold Monetization Scheme on or before 2nd June, 2015. As usual my financial planner friends passed their verdict on the Gold Monetization Scheme even before it is launched. In fact, some of them also suggested whether to invest in this scheme or not. Whereas other passed judgement whether the scheme will be a success or a failure. My dear friends forgot that Govt has only released the draft of Gold Monetization Scheme. Based on the inputs from the general public, banks and all other ... Read More
Real Estate – A Serious Business for Income Generation
Last weekend, one of my friend invited me for Dinner and during course of informal chat, he informed me that he has aspiration to start his own business....Its not only this gentlemen but there are whole lot of executives who would like to quit their job becoz of uncertain economic environment & are seriously considering to try their luck in entrepreneurial skills. These people are looking for some great project for investment. Though its easy to say but to start own business is also very difficult task & involves very high risk. I gave a thought for a while and suggested my friend, ... Read More
Avoid Car Loan – Lease the Car
In one of my blog, I explained the difference between Productive Asset and Non Productive Asset & I suggested, not to invest in Non Productive Assets…There is one more class of Asset & it’s called Depreciating Assets. Your 4 wheeler i.e. Car falls in this category. The assets in this category neither appreciate nor give any regular returns or helps in savings. The investment in this asset class depreciates over a period of time. On top of it, if u buy any such asset by availing loan then it’s a huge Financial Loss/burden. Always avoid Car Loan and Car should be purchased from own fund ... Read More
Dream Home Vs Gold – Productive Vs Non Productive asset
Indians are basically mad about or fond of following Four 1. Increasing Population (India’s population is proof of same) 2. Cricket 3. Movies 4. Last but not the least the craze for Gold (Simply check out qty of gold with few of ur frnds/relatives) Gold and Property are 2 most preferred investments mode for Indians with Gold being at No. 1 position…Most of the times, people are confused between Dream Home Vs Gold…Recently one of my friend asked same question to me which put me in confusion then after lot of research and analysis my conclusion is, though Gold act as potent tool/hedge ... Read More