Secured Credit Card is a Blessing in Disguise. Why i said this because Life is unforgiving and so as Poor CIBIL Score / Credit Score. Once an individual is in this sad situation, it is very difficult to come out. A borrower is at the mercy of a lender for CIBIL Score. There is no place for human emotions in the mortgage industry. In many cases, i observed that there was "No" intent of a borrower to default on payment. Such a default is also known as non-willful default. The irony is that both willful and non-willful defaulters are being beaten with same the stick. In case of non-willful ... Read More
Why you should buy Long Term Debt Funds?
Long Term Debt Funds will deliver Double Digit Returns reads the headline on popular finance portal. This is one of the examples, In last 3-4 months, you must have come across similar headlines multiple times if you are a regular investor. I read almost all such articles, but none of the articles answered Why i should buy Long Term Debt Funds?. At max, the reason given was that with the drop in Interest rates, Bond yield will drop which will increase the Bond Prices. In short, Drop in Interest Rate will benefit the Long Term Debt Funds the most as they invest in Government of India Bonds and ... Read More
Unbreakable Bank Fixed Deposit
Unbreakable Bank Fixed Deposit as the name suggests cannot be withdrawn prematurely. In other words, people cannot break their bank fixed deposit before the end of maturity period. Reserve Bank of India has allowed the banks to offer Unbreakable Bank Fixed Deposit at higher interest rate. It will provide an option to earn higher interest to people who don't need funds for certain period. Unbreakable Bank Fixed Deposit is not a new concept. It is being borrowed from more mature markets. In India, Fixed Deposit means fixed interest rate but actually it is term deposit i.e. deposit for fixed term ... Read More
Should i invest in Company Fixed Deposits?
Should i invest in Company Fixed Deposits? is one of the most commonly asked question by my readers. As the name suggests, Company Fixed Deposits are Fixed Deposit schemes offered by companies / corporates. Company Fixed Deposits are fast becoming very popular debt investment option. Reason for this popularity is Higher Rate of Interest. Company Fixed Deposits offer interest rate in the range of 9%-11.5% when banks are offering interest of 8.5% on Fixed Deposits. Fixed Deposits is one of the most popular savings / deposit scheme in India because it provides stable and fixed income with safety ... Read More
5 Ways to Create Second Income
These days most of my readers are sending queries on how to beat Recession. Salary Cut & Job Loss are newspaper headlines these days. The only solution to beat recession is to create Second Income. We agree that only thing constant in life is Change. Good times never lasts forever so as Bad times. The biggest mistake is to think otherwise i.e. Good time will last forever & Bad time will never come. Best financial planning is when we prepare for Bad Times during Good Times. Sounds quite philosophical but unfortunately it is harsh reality of today. Second Income is a back up during bad ... Read More