US Credit crunch story

The US Credit Crunch Story in brief!

A 180degree shift!

Moving from Asia to North America I hope to be able to match the 180 degree change in location that I have faced!

New magazine: Money today

Hello

I found a new magazine on the stalls. Its 'Money Today' from the 'India Today' stable and believe me, its excellent. I went through it completely and it offers a new perspective on finance and money. I found just everything one could expect from a finance magazine.

The online version is available at http://moneytoday.in .

The inaugural issue comes with the cover story on 'The golden rules to build a strong stock portfolio'.

Do get your hands on it and enjoy!

 

Regards

Kanuj

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For general finance : http://financially-strong.blogspot.com/

For tax related issues : http://taxably-strong.blogspot.com/

For stock market : http://marketty-strong.blogspot.com/

Disclaimer: These blogs contain personnal views expressed by the author with inputs from news articles and have no legal validation

Finance | Investing | The biggest mistakes investors make

Money is an integral part of our day-to-day life. From the time we start earning till we die, we are involved with money -- earning, spending, investing, managing, donating, lending and borrowing.

Strangely, when we leave school, we have a fair amount of knowledge in math, history, geography, science, languages and what not. But when it comes to money, we are left on our own. It is o ur family, friends, books, magazines, television channels and the Internet that contribute to our financial upbringing.

Hence, we grow up learning about money in a highly unstructured manner; the end result is generally a poor understanding of it.

As such, when it comes to investing, we all make some mistakes. Here are five common ones.

 

Read more at....http://in.rediff.com/getahead/2006/may/31invest.htm

 

(Courtesy : GetAhead@ Rediff)

Some financial information

Hello
Thought will update on the latest situation.

 

The first thing thats related to finance is related to your petrol/diesel expenses. The union government is thinking of a price hike for petrol and diesel (kerosene and LPG "may" be spared for the time being) and the price hike is going to be atleast of Rs 5-8. This hike was expected early this week but is still pending and can be implemented in the days to come-maybe thursday, June 1 or Friday. So its suggested that you kick start your vehicles and head towards the petrol pumps.

Reference links: http://timesofindia.indiatimes.com/articleshow/1593013.cms and

http://www.business-standard.com/banking/storypage.php?leftnm=2&subLeft=1&chklogin=N&autono=93025&tab=r

 

The second thing is for those who are interested in the stock market and are thinking of buying. In relation to the above stated point about the petrol price hike, it is also known that a rise in petrol and diesel prices could push up inflation, and, consequently, force Reserve Bank of India to raise interest rates. This is bound to force the market to dip further. So in case you are thinking of buying, wait for a day or so..atleast till friday evening or till monday. For those who are thinking of selling, expect the market to take still more time to stabalize to a normal point before you can start booking profits.

 

Hoping this information is useful to you in some way.

 

Regards

Kanuj

 

Disclaimer : This mail contain personnal views expressed by the author with inputs from news articles and have no legal validation.

Mutual Funds ranking for the year

Hello

Following links might help you with choosing Mutual Funds

 

http://in.rediff.com/money/2006/may/09spec1.htm

http://in.rediff.com/money/2006/apr/20mf.htm

Regards

Kanuj

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Finance | Budget 2006| Income Tax

Hello

Today the Budget for FY 06-07 was presented by the Finance minister and the important point to each one of us is whether there has been any change in the IT rates, which will directly affect our take home salary.

So, the happy news is: There is No change in income tax rates

 

Other details related to IT:

1. The one-by-six scheme for mandatory filing of tax returns has been abolished and an increase in the Securities Transaction Tax across the board has been proposed.
(one-by-six scheme refers to the six conditions such as credit card, foreign travel etc -if you satisfy even one of these conditions you have to fill your IT return)
2. The minister did not bow to the demand of industry to withdraw the Fringe Benefit Tax but he modified it to remove some of the glitches in its implementation. Similarly, he ruled out withdrawal of Banking Cash Transaction Tax

 

More details on the Budget 2006 ....soon.

Check http://ndtvprofit.com for brief details.

 

Regards

Kanuj

 

Please check my blogs for more information

http://financially-strong.blogspot.com/

http://taxably-strong.blogspot.com/

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