The personal finance advisory platform, News Corp-owned BigDecisions.com, also said around 90 percent of the middle-class people surveyed are not able to benefit adequately from IT deductions under Section 80C of the Income-Tax Act.
Bye, Bye Tax Deductions?
Though real estate prices may not move up and are expected to remain stagnant, interest rates are going to go down. It is the time to opt for a balance transfer.
By: Manish Shah, Partner, Sudit K. Parekh & Co
Your sum assured should at least pay for all your loans outstanding and pay for your family's monthly expenses
"The government seems determined to ensure we build much stronger social security systems for ourselves evidenced by the increased focus on retirement planning.," says Manish Shah, co-founder & CEO, BigDecisions.com.
Borrowing for vacations fall in the bad loan category, whereas borrowing for home loan is a good loan. Instead of going on a vacation on borrowed money, it makes sense to build a 'leisure corpus' by saving each month.
The combined entity, with over USD 100 million in estimated annual revenue, will retain the Majesco brand, a statement said.
With retirement, the process normally followed is to take current expenses and inflate them by a given rate (often the prevailing wholesale or consumer price index inflation rates). This helps you arrive at how much you will spend when you‘re retired.
Owning a property might make sense for several reasons. It`s an important asset class to own. If you are reasonably sure of the reasons for appreciation it can be very profitable as well.
Term insurance premiums are lower than similar premiums of savings cum insurance policies for the obvious reasons that in one case, the insurance company pays you only when you die whereas if it‘s a savings product then the company must pay you either ways.
Short Larsen and Toubro (L&T) on bounce, says Manish Shah, Fortune Financial Services (India).
Manish Shah, Head Technical Analyst, Fortune Financial Services is bearish on Axis Bank and ICICI Bank.
JSW Steel can slip below Rs 550, says Manish Shah, Head Technical Analyst, Fortune Financial Services.
Jaiprakash Associates may slip to Rs 67-68, says Manish Shah, Head Technical Analyst, Fortune Financial Services.
Manish Shah, Head Technical Analyst, Fortune Financial Services (India) Limited is bullish smaller IT companies.
Hindalco Industries can add 4-5%, says Manish Shah, Head Technical Analyst, Fortune Financial Services (India) Limited.
Expect more upside in Larsen and Toubro, says Manish Shah, Head Technical Analyst, Fortune Financial Services (India) Limited.
Reliance Industries can go upto Rs 1100-1125, says Manish Shah, Head Technical Analyst, Fortune Financial Services (India) Limited.
It was a scary session for the market. The sell-off across sectors during the latter part of the day sent the Nifty well below 5500-mark for the first time since September 6, 2010. However, it closed above that level. Will mkts pull back or see further carnage? Experts debate.
Short real estate stocks, says Manish Shah, Head Technical Analyst, Fortune Financial Services.
HPCL and BPCL could be a reasonably good bet for short term, says Manish Shah, Head Technical Analyst, Fortune Financial Services.
Stay away from financial space, says Manish Shah, Head Technical Analyst, Fortune Financial Services.