Strictly NO to #TTML, Let the News Float but don't intend try to buy these type of stocks.
The Financial Fund Thumb Rules
_THE 3% RENTAL YIELD RULE_
A property you own should generate an annual rental yield of at least three per cent of the property purchase cost. For example, if property costs Rs 50 lakh, your annual rent should be at least Rs 1.5 lakh. This is a loosely applied thumb rule, and the actual rental yields may vary wildly from one location to another. But a good point of reference nevertheless.
_THE 3X EMERGENCY FUND RULE_
You must always own an emergency fund that's at least three times your current monthly income. That's the bare minimum. You can go up to six months and keep building if you feel the need to do so. This is up to you. This fund will keep you financially stable in emergencies such as loss of employment, urgent travel, repairs, etc.
_THE 8% RULE_
Before you make any long-term investment, ask yourself: will it pay you at least 8% returns per annum after taxes? If not, reconsider your decision to invest. The benchmark refers to returns from small savings schemes such as the Public Provident Fund, which currently provides tax-free returns of 7.9 per cent per annum on investments up to Rs 1.5 lakh per year. If your investment can't beat PPF, then it may not be worth your while.
_PAY YOURSELF 10% RULE_
You are in debt to your future self. So make sure you clear this debt on priority each month without fail. Your 60-year-old self depends on you for his income. You should invest at least 10 per cent of your monthly income in long-term investments such as equity mutual fund SIPs and PPF in order to secure your retirement. Want to retire early? Invest more than 10 per cent.
_THE 20X LIFE COVER RULE_
If you are buying life insurance, make sure that your sum assured can take care of your family's income needs for the long term. If you are in your 30s, the sum assured should be at least 20x your current annual income, or more if you can afford it.
_THE 30% CREDIT LIMIT RULE_
Try to keep your credit utilisation ratio (the percentage of your credit limit you are using) to 30 per cent for any month. For example, if your credit card limit is Rs 1 lakh, and if you spend Rs 30,000, your CUR is 30 per cent. Try and stay within this limit, because it will help improve your credit score.
_THE 30% HOME BUYING RULE_
Any time you buy property, you are going to pay at least 30 per cent (and normally around 40 per cent) of the property cost from your own pocket. Banks will typically finance up to 80 per cent, while you may need to fork out 30-40 per cent more for the down payment, costs of stamp duty and registration, furnishing, etc.
_THE 40% EMI RULE_
All your EMIs combined should ideally be no more than 40 per cent of your take-home income. For example, if your take-home pay is Rs 50,000, your combined EMIs should ideally be Rs 20,000. While few would stop you from going over this limit, you will strain your finances, lower your savings, and run the risk of defaulting on your EMIs.
_THE 50-30-20 RULE_
This is a ratio which says how much you should spend from your monthly income on fixed expenses such as rent (50 per cent), discretionary expenses such as eating out (30 per cent), and minimum savings and investments (20 per cent).
This ratio is ideal at the start of your working life. As your income grows, gradually flip your savings from 20 per cent to 30 per cent. As you age and your fixed expenses fall, your savings ratio should move from 30 per cent to 50 per cent, helping you secure your retirement.
These are rules of thumb :the most basic guidelines to better manage your money._* Depending on your life stage, income, and life priorities, you may fine-tune these rules to achieve the best results.
_THE 3% RENTAL YIELD RULE_
A property you own should generate an annual rental yield of at least three per cent of the property purchase cost. For example, if property costs Rs 50 lakh, your annual rent should be at least Rs 1.5 lakh. This is a loosely applied thumb rule, and the actual rental yields may vary wildly from one location to another. But a good point of reference nevertheless.
_THE 3X EMERGENCY FUND RULE_
You must always own an emergency fund that's at least three times your current monthly income. That's the bare minimum. You can go up to six months and keep building if you feel the need to do so. This is up to you. This fund will keep you financially stable in emergencies such as loss of employment, urgent travel, repairs, etc.
_THE 8% RULE_
Before you make any long-term investment, ask yourself: will it pay you at least 8% returns per annum after taxes? If not, reconsider your decision to invest. The benchmark refers to returns from small savings schemes such as the Public Provident Fund, which currently provides tax-free returns of 7.9 per cent per annum on investments up to Rs 1.5 lakh per year. If your investment can't beat PPF, then it may not be worth your while.
_PAY YOURSELF 10% RULE_
You are in debt to your future self. So make sure you clear this debt on priority each month without fail. Your 60-year-old self depends on you for his income. You should invest at least 10 per cent of your monthly income in long-term investments such as equity mutual fund SIPs and PPF in order to secure your retirement. Want to retire early? Invest more than 10 per cent.
_THE 20X LIFE COVER RULE_
If you are buying life insurance, make sure that your sum assured can take care of your family's income needs for the long term. If you are in your 30s, the sum assured should be at least 20x your current annual income, or more if you can afford it.
_THE 30% CREDIT LIMIT RULE_
Try to keep your credit utilisation ratio (the percentage of your credit limit you are using) to 30 per cent for any month. For example, if your credit card limit is Rs 1 lakh, and if you spend Rs 30,000, your CUR is 30 per cent. Try and stay within this limit, because it will help improve your credit score.
_THE 30% HOME BUYING RULE_
Any time you buy property, you are going to pay at least 30 per cent (and normally around 40 per cent) of the property cost from your own pocket. Banks will typically finance up to 80 per cent, while you may need to fork out 30-40 per cent more for the down payment, costs of stamp duty and registration, furnishing, etc.
_THE 40% EMI RULE_
All your EMIs combined should ideally be no more than 40 per cent of your take-home income. For example, if your take-home pay is Rs 50,000, your combined EMIs should ideally be Rs 20,000. While few would stop you from going over this limit, you will strain your finances, lower your savings, and run the risk of defaulting on your EMIs.
_THE 50-30-20 RULE_
This is a ratio which says how much you should spend from your monthly income on fixed expenses such as rent (50 per cent), discretionary expenses such as eating out (30 per cent), and minimum savings and investments (20 per cent).
This ratio is ideal at the start of your working life. As your income grows, gradually flip your savings from 20 per cent to 30 per cent. As you age and your fixed expenses fall, your savings ratio should move from 30 per cent to 50 per cent, helping you secure your retirement.
These are rules of thumb :the most basic guidelines to better manage your money._* Depending on your life stage, income, and life priorities, you may fine-tune these rules to achieve the best results.
#HDFCLife have Potential to Become India's Leading Insurance Provider in Coming Years.
#15YearBet for Multibagger Return.
#Choose #Track #CreateWealth
#15YearBet for Multibagger Return.
#Choose #Track #CreateWealth
#Facebook #Meta Be cautious on IT Sector, all major Technology companies start showing down trend.
If You are a First Time Investors better bet on ETF or Mutual Funds of IT Sector.
Right Now there is NO concern on Revenue growth of Indian IT Companies but if single quarter or thereafter Revenue and Earning growth of Indian IT Companies start showing downward trend then same downfall you have to face in Indian IT sector Also.
Already IT companies are trading at premium any worst quarter will leads small and Mid cap IT Companies in Blood Path.
So, Don't try to Earn Blindly without Knowing the Risk.
ETFs and Mutual Funds are the Best bet as of Now for IT Sector if you are especially first time Investors or Never seen Sectoral shift.
If You are a First Time Investors better bet on ETF or Mutual Funds of IT Sector.
Right Now there is NO concern on Revenue growth of Indian IT Companies but if single quarter or thereafter Revenue and Earning growth of Indian IT Companies start showing downward trend then same downfall you have to face in Indian IT sector Also.
Already IT companies are trading at premium any worst quarter will leads small and Mid cap IT Companies in Blood Path.
So, Don't try to Earn Blindly without Knowing the Risk.
ETFs and Mutual Funds are the Best bet as of Now for IT Sector if you are especially first time Investors or Never seen Sectoral shift.
#VeenaDhaarni Give Light, Blessings and Knowledge to All #HappySaraswatiPuja
Adani Wilmer IPO Holder Book 50% Profit and Keep Principal Amount in Adani Wilmer Itself.