Why you shouldn't invest like your parents in today's financial world

Why you shouldn't invest like your parents in today's financial world No doubt your parents want to help, but they might not have all the answers you need. For one, they may not be aware of the market situation. Have an unsteady income? Here's how you can secure a stable funds inflow The other way for keeping income volatility in check involves creation of alternate income avenues by way of income-earning assets. How to draft your will online Two recently launched e-will writing services have made the process of making a will simpler and a lot cheaper. How to use a large sum of money judiciously Several surveys have revealed that almost one-third of those who won a lottery ended up seeking some sort of bankruptcy relief within a few years. How to increase your tax savings To derive the maximum benefit from the new income tax rules, submit revised investment details to your employer.

Quote of the week "The best time to invest in the Indian market was last year when valuations were low. The second best time is now. Wake up." Ramesh Damani Member

Family Finances An early start, high surplus to help Mumbai-based Vakils meet all goals Financial journey can be smooth without much problem when backed by high income and surplus, as well as long-term goals. Financial Planning Know the real value of money over a period of time to avoid losses Financial products are designed and distributed to capitalise on the investor's ignorance about the value of money over a period of time. Money-making venture How Anshuman Mihir's Mytaxiindia.com is making life easier for the Indian traveller With the Rs. 7 crore Mytaxiindia.com, Anshuman Mihir is making life easier for the Indian traveller. Entrepreneurs How Bhavesh Sanghrajka's love for high-rise buildings helped him build a Rs 22 crore realty company Bhavesh Sanghrajka's love for high-rise buildings made him enter the realty sector and start Shraddha Life Space, Rs. 22 crore company. Financial Calculators Plan your car Car cart! Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. Home Loan Refinance Should you refinance your home loan? Find out how much you will have on retirement with different combinations of savings, percentage returns, time to go and tax rate. More Calculators

Revival of the hydropower sector to bode well for NHPC It has several projects in the pipeline and the projects can earn tariffs based on an assured return on investment (ROE) at a blended rate of 16.25%. How to interpret what your recruiter means Keep your job search on while you wait for the cards to play out. If you get an alternate offer, let your recruiter know that you have a deadline. Five smart things to know while investing in mutual funds Equities held in the portfolio are valued at closing market prices of the securities on the principal stock exchange. All you need to know while claiming your motor insurance The insurer typically has tie-ups with motor garages for a cashless facility and will pay the bills directly to the garage. How to gain more from unique funds like Edelweiss Absolute Return Fund, Goldman Sachs Liquid BEES Find out whether these suit your investing needs and how to make the most from them.

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