MONEY PLANNING
5 common reasons traders lose money in the stock market
One of the primary reasons traders lose money is the absence of a clear trading strategy. According to research by Bloomberg, over 80% of day traders quit within the first two years, often due to insufficient strategies.
Coal India to ease e-auction norms; plans to tweak auction, allocation methodology
Coal India Limited (CIL) has lowered earnest money deposit and increased dry fuel quantity in e-auctions to encourage increased participation. The company has asked all its arms, except Northern Coalfields Ltd, to increase their offer quantity under e-auction to 40% of their total production for the second and third quarters of this financial year.
Mutual fund SIP of Rs 25,000 per month can help you buy house: Here's how
Have you ever embarked on a road trip without a specific destination in mind? While it may initially seem exciting, you eventually come to realize that knowing where you're headed is essential for fully enjoying the journey. Similarly, financial goals function in this manner, offering a clear path to ensure that your financial journey ultimately leads to a fulfilling destination.
Best tax saving mutual funds or ELSS to invest in July 2024
Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can invest a maximum of Rs 1.5 lakh in ELSSs and claim tax deductions on your investments every financial year. Are you interested?
HDFC Defence Fund to stop registrations of fresh SIPs/STPs
HDFC Defence Fund will cease accepting new SIPs and systematic transfer plans from July 22 but continue existing SIPs. It limited investments to ₹10,000 per PAN, returning 144% in a year. Stiff valuations challenge fund managers. Stocks like Bharat Electronics, Hindustan Aeronautics, and Mazagon Dock soared, outperforming Nifty 50's 26.9% rise since June 2023.
The Talc tragedy: Inside the Johnson & Johnson lawsuit saga
Darlene, mother of Eron Evans who died of ovarian cancer, accuses Johnson & Johnson's Baby Powder. Pursuing lawsuit, she faces a July deadline to vote on J&J's bankruptcy maneuver. Tens of thousands of claimants must decide on a settlement proposal amid legal battles and allegations of unfair tactics by J&J.
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How over-indulgent parents hurt their finances for their children
A healthy approach to money requires that those earning it don’t just feel guilt-free about its allocation, but are also able to question its wasteful deployment and regain the power to allocate fairly. Parents are branded selfish when they exercise this authority, and in these days of extremely sensitive young minds, they are scared of turning down a demand.
How would-be brides can manage finances after marriage
Monisha Choudhary is set to be married soon. There are two critical financial decisions Choudhary needs to make. She should consider her existing assets and investments, which can remain in her name, to be disclosed to her new family at her discretion. She can continue building these assets based on her income allocation. Read here to find what are the other ways to secure finance after marriage.
Vi follows Jio, Airtel to raise tariffs; new plans effective July 4
Vodafone Idea has launched new plans for prepaid and postpaid customers starting July 4, 2024, following Jio and Airtel's footsteps. The changes are minimal, aligning higher prices with increased usage, and Vi aims to provide simple, comprehensive plans.
FATF adds Monaco, Venezuela to money laundering 'grey list'
Both countries now made high-level political commitments to work with the body and implement an action plan to strengthen the effectiveness of their regulation, the FATF said.
India passes anti-money laundering review, but FATF calls for improved oversight in non-financial sectors
India's compliance with anti-money laundering rules under FATF scrutiny includes improving supervision in non-financial sectors and facing criticism over counter-terrorism laws, with the country being a member of the FATF alongside major economies like the US, Japan, France, EU, and China.
Is a market-linked pension plan right for you? Vivek Jain explains
Vivek Jain, Head of Investments, Policybazaar.com says that in retirement planning, it's vital to consider both market-linked and guaranteed pension plans, allocating funds based on age and risk tolerance. Including a spouse in joint life coverage and leaving a legacy for nominees are key aspects of securing a stable financial future.
Tips to save money when you have a low income
When income is low, the ability to save is also limited. For savers like Nitin, tax-saving instruments under Section 80C may be the primary way to accumulate savings.
Take charge of finances: How to make a personal financial bucket list to achieve all your goals
Taking control of our money lives is something many of us are unable to do. It sounds simple, but many of us do not believe we can take charge and do something about our dreams. Slipping into excuses, living in denial of our true situation, blaming the world for our unhappiness, and assigning it to bad luck are tactics that stop us from asking what we could do.
Disney World: How to plan a cheap trip, save money, a complete guide to relish the magic
Disney World is always the go-to destination for children and teens but has seen rising popularity among the older generation as well. However, Disney World trips can be very expensive for your pockets at times but you can end up saving some decent bucks by following certain tips and tricks.
How to deploy Rs 2 crore inheritance to meet child education expenses & retirement goals
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts.
Why young traders are losing money in options
Options trading has lured young traders with the promise of quick riches through social media hype. However, a recent study found that 85% of young traders incur losses within their first year due to a lack of understanding of options strategies.
I received Rs 18 lakh from sale of ancestral property. Where should I invest this money for the next 3-5 years?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
More PEs head to India armed with big money to bag deals
Growtheum Capital Partners, a private equity firm headquartered in Singapore, is scheduled to inaugurate its Mumbai office this July, joining the growing list of PE investors in India. At the same time, US-based private equity firm Platinum Equity is evaluating investment opportunities across various sectors such as healthcare, technology, and infrastructure as it prepares to enter the Indian market.
Retirement planning: Want to save a hefty corpus for retirement? Start with 30-30-30-10 to save more
There is no doubt that we all want to save money, especially for our retirement days. But the question is how to start it. There are several rules and tricks that can help you to save better if you implement them in your day-to-day life. One such rule is the 30-30-30-10 rule for saving your hefty retirement corpus. How does it work? How can you use it to save better to build a retirement kitty? Find out here.
M&M is wheeling big money into business. What is the plan?
Mahindra & Mahindra had outlined a new strategy for the coming five years with a focus on capitalizing on its market leadership in segments like SUVs, tractors and pickup trucks while scaling its growth-phase businesses five-fold during this period.
SBI hikes FD interest rates but still less than what these 313 debt mutual funds have offered
SBI raises fixed deposit rates by up to 75 basis points, effective May 15, yet falls short compared to over 300 debt mutual funds offering higher annualized returns of 6.47% to 11.60%.
80% rule for retirement savings: How much money should you save to retire comfortably?
Planning for retirement is crucial to avoid financial problems later in life. Experts recommend setting a savings goal and following some simple guidelines for a secure retirement. To achieve this, it's important to start saving early, manage debts, and make wise investments. Assessing projected retirement income and accounting for inflation is vital to determine how much savings are required.
Planning maternity breaks? How soon-to-be moms can make good financial plan
Mother's day 2024: This year Mother's day is on May 12, 2024. If you are soon to be a mom or planning to be one in next year or so, then it is important to have a good financial plan. This is to ensure that as a woman you have financial security. Read on to know how to make a good financial plan.
How to manage money after losing spouse? 5 critical lessons to deal with family finances
In a sudden turn of fate, Shubha (49) became a sole guardian of her family's finances after her husband's death. With young children (17 & 13), she took charge, seeking guidance from trusted advisors. To secure their future, Shubha meticulously documented all assets (bank accounts, investments) and navigated complex paperwork to ensure ownership transitioned smoothly. Here are the financial lessons that you can learn from Shubha's journey.
5 money changes in May 2024: Revision in saving account charges, credit card rules, special FD deadlines
HDFC Bank has extended the deadline to invest in its senior citizens-only special fixed deposit plan. This special Senior Citizen Care FD, which was established in May 2020, offers greater interest rate advantages to older persons. The deadline to invest in the Senior Citizen Care FD plan has been extended until May 10, 2024.
ED planning to arrest Amanatullah Khan, alleges Sanjay Singh; meets his family
Sanjay Singh criticized BJP for planning Amanatullah Khan's arrest in a baseless case, citing dictatorship and false charges. He expressed support for Khan, highlighting the ongoing legal battles and allegations of misuse of power during his chairmanship.
3 LIC insurance policies to help plan your child's future
The Amrit Baal plan from LIC is an individual savings life insurance policy that is non-linked and non-participating. This Endowment plan with Guaranteed Additions is intended to support children's needs for more schooling and other things. The premium under this plan may be paid as a lump amount (single premium) or as a limited premium with a 5, 6, or 7-year premium payment period. The proposer will have two options under each of these premium payment alternatives for selecting the Sum Assured. Various options to choose sum-assured for risk coverage and payment of benefits. Mode of Premium Payment Under this plan, there are two alternatives for paying subsequent premiums: limited premium payment or single premium payment. If the premium payment is limited, it can be made annually, half-yearly, quarterly, or monthly (using NACH only) during the premium payment term.
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