Tuesday, 31 May 2011

Requirements of a good online forex trading platform.

Online Forex Trading is one of the best methods of making money through internet.  Online stock trading, online commodity trading, online investment in mutual funds etc. are also good for making money. Forex trading is the trading of currencies with different countries and known as foreign exchange trading.  In foreign exchange trading we are trading with currencies and get profit from the changing value of currencies of different countries. Once you wish to do forex trading,  you have to find a good online forex trading platform.  Let us examine the requirements of a good forex trading platform.

If you engaged in online stock trading you may be aware of the different facilities offered by the online stock broking firm. If you get all available and required details in one screen or in one platform, it is more convenient to use and trade with stocks. Likewise an online forex trading platform also should provide current market trends, analysis, latest news and events which may affect the value of currencies which help you to maximize your profit and minimize your loss. It should be a powerful tool to act in real time.

At present there are so many forex trading platforms available in internet and most of them are free to join and offer many discounts, rewards and bonuses. Some of them are offer a free demo account with free virtual money and you can learn all aspects of froex trading just like real trade with virtual money. You won’t loss anything, just login and trade like a real trader and learn all forex trading activities and strategies without spending any amount and without giving any credit card details or bank details. We advise you to sign in such online forex trading platforms and learn everything about forex trading and also compare some of such plat forms without spending money or giving financial details. After learning all and if you feel that a particular forex trading platform is convenient to you and only if you are confident enough, switch over to real trade and make money.

Know that a good online forex trading platform should have good indicators of the current market, quality analysis, and graphical representation of the current market trend and also provide the right information in right time which is helpful to take a timely decision to optimize your investment. The trend graphs gives you the behavior of the pare of currencies for the day, week, month and year at a glance which help you to take the right decision in right time about which currency should buy and which should be sold and when should do these transactions.

Without spending any extra money you have to get a complete automated online forex trading platform which is helpful to define the strategies and rules of your trading. You may also aware that your physical presence is not necessary when this trading take place. You might be experienced this automation in stock trading also. You have to define the rules and condition to automate your trade and this automation can get a good profit for you even when you are not present before your computer.  But this can lead you to a heavy loss also. So you must be careful when fixing these rules. But it is a powerful tool.

You can use this platform with the help of your mobile phone also, but be careful for the login username and password. But this mobility is a convenient tool. Most of the online forex trading platform is alive for 24 hours a day and 5 days a week. So you can trade in your free hours and can make money without giving up your daytime job and this can bring you a good passive income.

So try with a few good forex trading platforms and fix the most advantages and convenient platform for making money from currency trading. And be careful when play with your own money, because it is your hard earned money. You have to take guard.

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Monday, 30 May 2011

28May, 2011 – 3 June, 2011-Employment News Job Highlights

There is a lot of job vacancies are advertised in the present issue of Employment News (Employment News 28th May, 2011 to 3rd June, 2011). We wish to inform our readers the important highlights of the employment news this week. We hope that these highlights may helpful for our readers and also those who wish to get a good job opportunity or those who wish to change their present employment.

  1. Applications are invited for various posts by Union Public Service Commission.

  2. The Vacancy of Sub-Inspectors in CPOs, Assistant Sub-Inspectors in CISF and Intelligence Officers in NCB Examination 2011 etc. notified by Staff Selection Commission.

  3. Specialist Officers in various grades required by Bank of Maharashtra.

  4. Reserve Bank of India Services Board, Mumbai requires Research Officers in Grade-‘B’.

  5. Probationary Officers required by State Bank of India.

  6. Professors, Associate Professors and Assistant Professors are required by Guru Govind Singh Indraprastha University, New Delhi.

  7. Management Trainees required by Coal India Limited, Kolkata.

  8. Indo-Tibetan Border Police Force requires Constables (Animal Transport)

  9. Applications are invited for the post of Data Entry Operators by Central Salt and Marine Chemicals research Institute.

  10. Assam Rifles requires Barbers, Cooks, Painters, Safaiwalas etc.

  11. Vacancy of Insurance Medical Officers (IMO) Grade-II in Employees’ State Insurance Corporation, New Delhi.


Those who wish to apply for any of the above mentioned posts, please the visit the official website of Employment News or read the weekly for details of vacancies, qualification required, age limit, experience, pay scale etc.

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Sunday, 29 May 2011

Investment News Letter – 29nd May, 2011

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Saturday, 28 May 2011

No Income Tax Return below 5 Lakh Income

The Union Finance Minister Pranab Mukhejee said on Tuesday (24th May, 2011) that the salaried tax payers with an income less than Rs. 5 Lakh should not file Income Tax Return from the Assessment Year 2011-10 ( ie from the Financial year 2010-11). This was according to his budget proposal on the end of February, 2011 and it was not clear that the implementation of this proposal will be come in to effect from this year or only form the financial year 2011-12. But now it is clear that the effect of not filing income tax return for the income less than Rs. 5 lakh is from the financial year 2010-11 onwards.

When addressing the 27th annual conference of the Chief Commissioners and the Directors-General of Income Tax the Finance Minister said this and the further notifications will be issued later.

But the benefit of this will be available only to the tax payers that the whole income has been come under TDS (Tax Deducted at Source) and the whole tax should be deducted at source for the year. So this is applicable only for salaried tax payers, whose tax will be deducted at source. But if this salaried tax payer has any other income including bank interest, he or she should declare it to the employer and allowed him to deduct the tax accordingly. Then only, the taxpayer gets the benefit of non filing of income tax return. The Form No. 16 (TDS Certificate) will be considered as Income Tax return in such cases.

All other tax payers, the TDS are not being deducted wholly as per tax limit. Only a portion of the tax will be deducted as TDS. So this will not be applicable for them. In case of Salaried Tax payers, that the total income is less than Rs. 5 lakh, and the whole income of the tax payer come under TDS and the tax has been deducted properly, should not submit income tax return this year onwards.

This is really a great relief for salaried Tax payers and they can avoid difficulties of submitting income tax return every year. This will reduce the paper work of income tax department also and can give better service to other tax payers. To provide salaried taxpayers with better services, the Income Tax Department introduced SAHAJ, a simple and user friendly form, this year. It also came out with SUGAM for small taxpayers who avail themselves of the presumptive tax scheme.

Our opinion is that all salaried tax payers should take benefit of this declaration by disclosing their income from any other sources to the employer in time and allow him to deduct the income tax as per rule.

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RBI to Banks - Failed ATM Transactions to be reimbursed in 7 days

This may be an end to the long waiting for get back money debited through e failed ATM transactions. The Reserve Bank of India directed banks to pay back the amounts wrongly debited in failed ATM transactions within seven days after getting complaint from them. The RBI also directed to pay Rs. 100 per day if the bank fails to give back the money within seven days of the complaint. This will come into force from 1st July, 2011.

"The time limit for resolution of customer complaints by the issuing banks shall stand reduced from 12 working days to seven working days from the date of receipt of customer complaint," the RBI said in a notification.

Earlier the time limit was 12 days, but now it is shortened to 7 days and also the bank should pay Rs. 100 per day, if it could not credit the amount within seven days of getting complaint.  But for getting this benefit, the customer should lodge a complaint within 30 days of the transaction.

The RBI instructed to settle failed ATM transaction disputes through the ATM system provider only. "No bilateral settlement arrangement outside the dispute resolution mechanism available with the system provided is possible," RBI said.

It may be by any reason the transactions through ATM become a failure. Customers can experience this problem once or twice in their lifetime or more. Most of the cases the money wrongly debited from our account will be automatically credited within a few days or few hours. But some cases this is not possible and the customer has to complaint for getting back the money. Where to lodge such a complaint? Is it to the ATM provider or to the customer’s bank, where account has been wrongly debited?  In our opinion we should complaint both places, if possible inform the ATM provider immediately after the wrong transaction and to the customers bank after words, if both parties are not same bank.

The direction from RBI is a good movement to ensure more safe, secure and reliable banking transactions throughout the country.

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Friday, 27 May 2011

How to manage your money and financial matters

You must have noticed that there is a rise and fall everywhere. It is there in financial matters also. There may be good time and bad time. There may be inflation and Deflation. There may be a time you get excessive money and some time there may be lack of money. This is seriously there in the case of people those who don’t have a steady regular income and also in the case of business people. Most people spend more money when they get money and spend less when they don’t get money. But if you are a little bit careful, you can keep consistency in spending money. The following tips will narrate you how you can be consistent in spending money and can be a well disciplined person to handle his money matters.

Stick around your budget. There is a tendency to spend more money in good time. But this will lead you to become insolvent, or with lack of money to satisfy your daily needs. If you have a budget and financial planning, try to stick around the budget. If you budgeted to spend Rs. 1000 for eating out, never spend more than that in any case. Then you can be a disciplined person in spending money.

Spend wisely and keep money for future needs. There is a tendency to spend more money than that what you get. This is possible through credit cards with an anticipation to pay from the next month’s salary. But spend only for necessities and always keep a portion of money for your future needs. IF you spend all your salary in advance, there may be any emergencies or a loss of job you will be in trouble and your credit card debt will be accumulated with interest and penalties.

Pay off your loans as early as possible. If you get any unexpected income or any bonus etc. try to pay off any loan rather you spend for any unwanted luxuries. Try to pay off loans with high interest first and then pay off low interest loans. IF you do so you can pay off your loans a little bit earlier than you expected to pay off and the lesser interest will be an added advantage for you. After paying off the loans you can start investing the EMI money also.

Diversify your investments. Always try to invest in diversified financial instruments or assets. If you invest only in one type of investments, the particular asset may be a failure and you could not easily get out of that loss. So invest in different investment methods such as stocks, Mutual funds, government securities, gold, real estate, fixed deposits etc. If one item became a failure you can gain from other assets.

Keep liquid cash or bank balance as a reserve. There may be any emergencies and you may be forced to spend a lot of money unexpectedly. To overcome such situation you must keep reserve money in your savings bank account. The minimum amount should be equals to satisfy three months total expenses of your family and the maximum may be for 6 months.

Check the performance of your investments. You should make periodical investigations about your investments and should know whether it is profitable or not. Try to close non profitable investments. Checking the performance of your investments will help you to avoid a heavy loss.

Financial planning with foresight. Try to foresee your financial requirements and plan accordingly. Set your financial goals and try to attain those goals in time. Start investing accordingly. If you have a goal you can reach out that goal. If your decisions are stern you can attain those goals at any cost.  If your sources of income is discontinued, you can find other sources to reach the goal. So try to set well defined financial goals and plan accordingly.

Practice a well disciplined investment strategy. Invest regularly and start with small amount and steadily increase the amount. This is the right method of investment. Start as early as possible and remember that today is the best possible day for starting your investments. Do not postpone it for tomorrow. You can start with recurring deposits in banks or post offices and can convert the matured recurring deposits to fixed deposits and so on. Or start to invest in mutual funds in Systematic Investment Plan (SIP). Slowly spread your investments to other financial products and assets.

Do not be frantic with the quick spreading news. You may hear frantic investment news about the falling of your investments. Don’t be frantic and sell all those without a second thought. If your investments faced a crash wait peacefully and watch the movement of your investments. Wait till the price become stable. This situation may happen in stocks, mutual funds, commodities and even in real estates.

Be practical. Now you could not find any quick rich programs in investments and if you hear anything like that it is false information. Learn that the real outcome of an investment and be practical to wait till the slowly growth of your investments. Slowly and steadily with regular investments you can attain all your financial needs. Do not plan an unattainable financial goal which you could not attain in your life time.

If you follow these rules and manage your financial mattes accordingly you can be a better financially disciplined person who can stand his own legs and never bow your head before others.

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Thursday, 26 May 2011

Online Investing in Mutual Funds

Mutual funds are good investment instruments and less volatile than shares and controlled by experienced fund managers. You can invest in mutual funds both online and offline. But online transactions are convenient and less paper work. You can purchase or redeem mutual funds online whenever you required doing so. Through online transactions, you can avoid transaction cost also. Mutual funds are allowed to buy online through Systematic investment Plan also. SEBI has banned the entry load on mutual funds and a lot of Mutual fund agents stopped dealing Mutual funds and investors are turned to online investments which are convenient and time saving.

You can invest in mutual funds and can make transactions through your demat account also. But the online brokers will charge a small transaction charge from you.

Advantages of online investing in Mutual funds

Through online investing in mutual funds you can avoid repeated paper work in each transaction. With a few mouse clicks you can do all transactions including buying, selling, switching over, and increase or reduce SIP amount etc. Within a single platform you can evaluate your investments; you can keep your port folio and can get help from experienced researches etc.

Methods of investing in Mutual funds online.

You can invest in mutual funds online in many ways. Some important methods are given below.

Some websites offer free online investing services and you can register with those sites and can make transactions in mutual funds with your online bank account or debit card. www.fundsupermart.co.in and  www.fundsindia.com are such  websites.

Online Share Brokers like Karvy, Reliance Money etc. also will help you to invest in mutual funds online. You have to register with them with necessary documents.

You can make transactions through individual mutual fund websites and you should fill up offline application form for the first time and afterwards you can make online transactions with your folio number.

If you already have a folio number you can login with your folio number, PAN (Permanent Account Number) and Bank Account Number and email ID. If your email ID is not registered with them follows the instructions to register your email ID.

If you are not completed your KYC do it for making any transaction in mutual funds. We wish you progressive and convenient online mutual fund investments.

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Wednesday, 25 May 2011

Encashment of Leave to be granted to Government Servants on their appointment in Central Public Enterprises

Copy of Office Memorandum

Subject : Encashment of Leave to be granted to Government Servants on their appointment in Central Public Enterprises

The undersigned is directed to state that this Department has been receiving references from various Ministries/Departments seeking clarification regarding the entitlement to leave encashment on appointment of Government Servants in Central Public Enterprises.

2. As per DoPT OM No. 28016/5/85-Estt.(C) dated 31/1/1986, appointment of an officer in a Central Public Enterprise after acceptance of his technical resignation from Government is treated as immediate absorption. As per the terms and conditions contained in this OM, a Central Government Servant taking appointment in the Central Public Enterprises on Immediate Absorption basis was entitled to encashment of Earned Leave to his credit at the time of acceptance of his resignation from Government Service, subject to a limit of 180 days. Half Pay Leave stood forfeited. (The limit of Earned Leave which could be thus encashed was later raised to 300 days).

3. It i s clarified that a s per rule 39-D of the CCS (Leave) Rules,1972, the calculation of leave encashment in case of permanent absorption in Public Sector Undertaking/Autonomous Body wholly or substantially owned or controlled by the Central/State Government will be as per rule 39(2)(b) which has been amended vide Notification GSR 170 dated 1/12/2009 to read as under:-

The cash equivalent of leave salary under Clause (a) shall be calculated as follows and shall be payable in one lumpsum as a one time settlement -























(i)Cash equivalent for
earned leave
=Pay admissible on the date of
retirement plus Dearness
Allowance admissible on that
date
XNumber of days of  unutilized earned
leave at credit  subiect to the total
of earned leave and  Half Pay Leave at credit not  exceeding 300 days.
30
(ii)cash payment in lieu of Half Pay
Leave component
=Half Pay Leave salary admissible
on the date of retirement plus
Dearness Allowance admissible on that date
XNumber of days of  Half Pay Leave at
credit subject to the total of Earned
Leave and Half Pay Leave at credit not
exceeding 300 days
30

 

No commutation of Half Pay Leave shall be permissible to make up the shortfall in Earned Leave.

4. All Ministries/Departments may note for further action accordingly.

5. Hindi version will follow.

(Zoya C.B.)
Under Secretary to the Government of India

Original Order


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Tuesday, 24 May 2011

21 MAY 2011- 27 MAY 2011 Employment News Job Highlights

Highlights of Job Vacancies adversited in Employment News this week (21.05.2011- 27.05.2011)  are shown below. Those who are interested to apply for any of the following job, visit the official website of employment News for further details.

Vacancy in Andhra Bank Recruitment for Specialist Officers

Recruitment for General Managers,Plant Managers,Engineers,HR Officers in HBL HPCL Biofuels Limited.

RAC Recruitment and Assessment Centre Recruitment of Scientists

IIT Indore Recruitment of Non Teaching Posts –

ITBP Indo-Tibetan Border Police Force Recruitment of Head Constables and Constables in Telecommunications

Agricultural Scientists Recruitment Board (ASRB) Recruitment of Assistants –

HAPP Heavy Alloy Penetrator Project,Tirichirapalli recruitment of Semi-Skilled posts

Staff Selection Commission SSC Eastern region Recruitment of various posts

CAZRI Central Arid Zone Research Institute Recruitment for various posts

Sports Authority of India SAI Recruitment for Assistant Directors - NRIU National Project Implementation Unit Noida Recruitment of Consultants and support staff

United Bank of India Recruitment for Managers and Security Officers

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Monday, 23 May 2011

Birla Sun Life Capital Protection Oriented Fund - Series 6

Birla Sun Life Capital Protection Oriented Fund - Series 6 is the New Mutual Fund Offer just launch in the market. The following Table shows the Name of the Fund House, Scheme of the Fund (whether it is a Close Ended Fund or an Open Ended Fund), Type of fund (whether it is an Income Fund or Debt Fund) and the date at which the fund is open in the market. If you want to know more about the fund, just visit the respective website and know more. Read more about Birla Sun Life Capital Protection Oriented Fund - Series 6 and Fund House to invest in the fund.



















Mutual FundBirla Sun Life Mutual Fund
Scheme TypeClose Ended
Scheme CategoryGrowth
Launch Date18-May-2011

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Sunday, 22 May 2011

Investment News Letter - 22nd May, 2011

How to reduce your life insurance premium and Increase the sum assured
When you join with a life insurance policy, you have to fill out the application form from the insurance company. You must fill out all the details politely. The claim on your insurance policy may be rejected when your legal … Continue reading ?

 
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Saturday, 21 May 2011

Reduce life insurance premium & increase sum assured

When you join with a life insurance policy, you have to fill out the application form from the insurance company. You must fill out all the details politely. The claim on your insurance policy may be rejected when your legal hires approach the insurance company for the claim, if your death occurred in between the insurance term. So you must fill out all the details with true and correct information. You are insuring your life for protecting your family form the possible monetary loss may be occurred in the event of your untimely death.

You can reduce the life insurance premium up to a certain extent or can increase the coverage, if you lead some healthy habits. Let us see which habits and realities affect your life insurance premium.

Smoking habits. You must have seen that the statutory warning over all cigarette packets that cigarette smoking is injurious to health. It says that each puff you are taking in reduce your life span a few minutes. Any way the habitual smoking is not good for health. Insurance companies also value this statement and you have to pay a high premium for this habit.

Healthy life style. If you lead an unhealthy life style and the outcome may be overweight, obesity, High blood pressure, low blood pressure, diabetics, high cholesterol etc can reduce your life span and can control by changing your life style and food habits. Insurance company cannot ignore these factors and the premium may be high if you have any of these problems. The insurance companies may rethink or may advise medical checkup for these cases and can increase the amount of premium. So control these factors by proper medication and by keeping proper life style.

Be a good driver. Life insurance companies also may check your track record as a driver and if they found that you are a dangerous driver they may reject the policy or may increase the premium amount. So be a safe driver and protect you and others form any dangerous situation and also reduce your life insurance premium.

Family health history. You might be noticed that the insurance agents ask you about your parents, siblings etc. and if they are not alive, the reason and age of death etc. They have to know your family history about any hereditary diseases such a heart attack, diabetes, strokes etc., which may happened to you also and may affect the amount of premium. These matters you cannot control. But you have to reveal it to your insurance provider.

Your own health history. You have to inform the insurer about your own health history such as major illness, Major surgeries etc., may be happened to you. If you hide these details also may reject the claim of your life insurance.

Your profession. Some professions may attract accidents and insurance companies charge a high premium for these cases. Here you have to reveal your profession and do according to the direction of insurance companies.

You must have heard that nothing to be hiding from doctors and advocates. Here you should not hide any formal quires in the life insurance policy application form to get proper claim and also to reduce or charge the correct premium amount. But you can control some of them and can enjoy a less premium and a high life insurance cover with low premium.

Reduce life insurance premium & increase sum assured


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Friday, 20 May 2011

Investment Guidelines for regular income people

A good percentage of people get regular income. It may be from salary, Rent, interest or any other sources. But most of the regular income people do not have a regular investment habit. They have enough money to spend at the beginning of the month or at the time when they get income and afterwards their purse or pocket will be empty and waiting for another pay day or the day at which they get income. I normally used to ask such person that if they do not get the income in time or the source of income has been taken up or when they retire from their service, what would they do? Most of them do not have an answer. I advise them to save a portion of their income in any investment option for any future financial needs. If you follow the following investment guidelines, you can keep a portion of your regular income for your future financial needs. They have to learn how to investments made for a future need.

Fix your financial goals. This is the first step of your financial discipline. If you spend a few hours you can assume all your financial goals and can estimate the expected cost of each financial goal. You can start it today itself, do not postponed it for tomorrow. You should start it as early as possible. If you do not have a goal you could not reach out that goal. So first find out your goals and try to reach it at any cost. When you fix your goals it should be affordable with your income and your financial capability.

Set apart a portion of your income for the future financial goals. You must have heard that some people separated a portion of their income (say 10%) for charity work and they are very committed for this. They think that their actual income is the total income minus the portion of income they are separated for charity work and for other good things. Here you should determine how much you can separate for your future needs. You must think that you have only the income at handy is the total income minus the income separated for saving purpose.

Reduce all unnecessary expenses. You have already determined your financial goals and also decided to set apart a portion of your income to attain the desired goals. Now you have to control your expenses. Cut short all unnecessary expenses so that you could survive with the portion of income you have separated for your expenses. It does not mean that you should be a miser. You should spend all necessary amounts for you and your family, but you can avoid or reduce some extra expenses such as smoking, drinking, regular outing etc. Some of these expenses are not good for your health also.

Start a good legal and safe investment method. When start investing, keep in mind that the investment must be legal and safe. Do not go for attractive, but unbelievable investment methods.  The result is the loss of your money and sometimes you may be booked for illegal activities also. Most of the Quick rich programs are fake and you will lose your hard earned money. So go for legal and normal investment programs. You can go for some risky investments such as stocks and mutual funds as per your age and need of money. But remember that for stocks and mutual funds you should keep your money for a long time to get a good return. Otherwise you can go for fixed deposits, Post office savings, government securities etc. Do not be greedy.

Minimize your investment expenses. When you invest in any financial products, try to minimize the expenses such as Commission, exit load, entry load etc. But some cases you have to pay these expenses and try to reach the equilibrium point, when you pay such expenses. Compare expenses and outcome with other financial product and apply your wisdom and decision making power to take a wise decision.

Analyze the taxability of your investments. Some investments are tax exempted when you invest and some income from investments also exempted from tax, in some cases withdrawal from investments also exempted from tax. You should be aware of the tax implication of your investments and calculate the income after tax to determine how easy you could reach your financial goals. Check whether your investment is under EEE- Exempt (When investing) Exempt (When getting income) and Exempt (When redeem or withdraw the investment and profit) or EET (exempt, exempt and Taxed). You should not avoid any investment with the reason of tax, check whether it is profitable or not.

Diversify your investments. It says that do not put all your eggs in one basket to avoid any unfortunate events which may destroy all your investments. Always diversify your investments in many schemes, sectors and institutions. But do not make over diversification which you could not handle yourself. You can compensate any possible losses with other profits.

Keep balancing your investment plans. Always invest in various schemes with various strategies. Invest in equity mutual funds and debt schemes to balance your port folio. The trend in one scheme may get a heavy loss and you can compensate with other schemes. IF all your investments in Bank fixed deposits, when the interest rate come down you will get a heavy loss. So Balance your investment plans. You can allocate your investments in financial products, real estates and some traditional investments such as gold, silver etc.

Do not trust the financial Medias too much. Financial Medias gives you information and trend of the rise and fall of financial market. But you remember that your investments are as per your financial goals which may be a long term or short term. The Financial Medias are not aware of your individual financial goals and expectations. So keep your investments to satisfy your financial goals and take wise decisions.

Give regular attention to your investments. In case of investments you must learn from farmer. A farmer attends his agriculture regularly. Just like you should watch your investments and check whether it is grow or lose. If it shows a regular lose get out of that investment and invest in any profitable investment plans.

Take enough insurance protection. You should take enough insurance protection for your life and your assets and if necessary for the investments also. It will protect you and your family from an unforeseen loss through any possible miss happenings.

If you follow the above mentioned guidelines you can attain your financial goals in time and can be a successful person in your life.

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Thursday, 19 May 2011

Online Forex Trading System allows you to make a good profit

Online Forex Trading System allows you to trade in foreign exchange from the convenience of your home. Forex online trading helps you to trade currencies directly from any part of the world with any currency and can take part one of the largest business in the world which handle around $3 trillion currency each day. Most of the online forex trading platforms allow you so many benefits and encouragements to take part the business actively and profitably.

Online forex trading can be done in any time. Unlike stock exchanges online forex trading is going around 24 hours a day and five days a week. You can trade at any time round the clock as per your convenience. You should not give up your job or should not postpone any engagements. The online forex trading is there whole the day.

Online forex trading system provides all relevant tools. Almost all online forex trading systems provides you all necessary evaluation and analytical tools to do your business fruitfully. These tools help you to get all information about your trade and the trading currencies which is very much usable to make money online.

Online forex trading can start with a very low capital investment. Some online forex trading system allows forex trader to start forex trade with even $50 and can experiment your trading with very low investment. The possibility of loss is very less when you invest a small amount.

Free practice with demo account and virtual money. Most of the online forex trading accounts allow you to sign in a demo account with virtual money without asking your credit card information. You will get a real trading platform and can trade with virtual money they provide. You can practice enough as per your time and convenience and after learning every aspect you can change over to real trade and can make real money.

Online froex trading education. Most of the online forex trading firms give you full trading education through e-courses and bulletins which makes you form a zero to hero in forex trading so easily.

Personal Service. Online froex trading providers provides dedicated personal service and support to every investor and an investor can seek these help any time through online and offline.

As a whole online forex trading sytem is very good money making tool as per the convenience of your home and time. But go for real trade only when you are confident enough and remember that it is your money you are trading with and the loss or profit is ultimately yours.

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Wednesday, 18 May 2011

Advantages of Mutual Fund and Performance

Stock traders use mutual funds to compensate their trading losses. Because mutual funds are managed by expert fund managers and the chances of getting an utter loss is very less. But equity mutual funds have the same volatility of stocks and the value may go down when the stock market index going down, Start a mutual fund is important step to reduce your loss from stock market.

Selecting a good mutual fund is not an easy task. There are so many factors affect the performance of mutual fund. It helps the investor to diversify their investments, because mutual funds invest in a selected group of shares and the investor can enjoy the diversification of investments. An individual trader cannot make that much diversification in investment and the benefit also will be less. This does not reducing the careful selection procedure of high performing mutual fund.

The main advantages of mutual funds is that you can get expert management of your invested money by experienced fund managers and the chances of getting loss is very rare. In stock trading you have to apply your own mind and your experience or lack of experience will affect the profitability and even the capital amount. In mutual fund a team of expert under an experienced fund manager will decide the future or your money and will get expert management without paying professional fee and get all the mutual fund research free of cost.

In case of mutual fund you could not take decision about the purchase and sell of your investments. You can take the only decision is that whether you purchase the mutual fund or redeem the fund? All other decisions are in the hands of fund managers. This may consider as one of the disadvantages of mutual fund but for inexperienced persons it is an advantage of mutual fund also.

Another disadvantage of mutual fund is that you cannot sell the mutual fund when you hardly need money, if the mutual fund NAV shows a downward trend, unless you should bear a loss or lesser profit. This is same in the case of stocks also.  The solution is that you should keep reserve money in your bank account or fixed deposit account for meeting such emergencies.

Mutual funds invest in abroad also and you can gain from the world market and the territorial loss may not affect in your investment in such mutual funds. If one country shows downward trend you can get the benefit of upward trend from another country.

You have to watch your mutual fund regularly to learn the trend of your investment and the growth or fall of your investment. If it shows a bad trend you can redeem at any time, only if it is an open ended mutual fund. You should not completely trust the fund managers, because it is your own hard earned money and be brave enough to discontinue an investment, if it is not providing any growth. You can update information from internet and other Financial Medias.

Mutual funds are good as hedge fund of your investment in shares, only if you handle it with care.

Tuesday, 17 May 2011

Hike of Provident Fund Interest rate is under consideration

M Mallikarjun Kharge, Union Minister of Labour and Employment said that the government is looking to increase the rate of interest of Provident Fund (PF). The Press Trust of India reported this yesterday.  The present rate of interest for Provident Fund is 9.5 % and this was increased recently.

He continued that, “We are contemplating further increasing the interest rate on Provident Fund from the present 9.5 per cent.” "This time also we want to give more to the employees. We are working towards it” This has been told when inaugurating the Southern Zonal Office of Director General of Mines Safety at Bangalore.

It is a good movement from the side of Government that the employees (Subscribers or Provident Fund) will continue their PF amount in provident fund account till they retire from the service and the aim of provident fund (to give a amount to its subscribers after their retirement for supporting their retirement life).

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Monday, 16 May 2011

14 MAY 2011- 20 MAY 2011 Employment News Job Highlights

The Selected Job Vacancies advertised in the Employment News 14th May, 2011 to 20th May, 2011 are posted below. This is for the convenience of our readers and those who are interested in any of these jobs may go through the weekly (Employment News 14.05.0211 – 20.05.2011) for further details.

Applications are invited for various posts by Union Public Service Commission.

Artisans are required by Bharat Heavy Electricals Limited, Tiruchirapalli.

Scientists, Computer Programmer, Technical Assistant, Assistant etc., are required by Central Silk Board, Bangalore.

Applications are invited for recruitment of Sub-Inspectors (Overseer) by Indo-Tibetan Border Police Force (ITBP).

Accountants, Assistant, Drillers, Surveyors and Junior Scientific Assistants Grade –II etc. are required by Central Mine Planning and Design Institute Limited, Ranchi.

Chief Manager, Accountant and Forex/Domestic/Derivative Dealers etc. are required by Indian Bank, Chennai.

Applications are invited by The Indian Navy from unmarried Male Candidate for Grant of permanent Commission in the Logistics Cadre of Executive Branch.

Applications are invited by The Indian Navy from unmarried Male and Female candidate for Short Service Commission in the Education Branch.

Applications are invited for various Group ‘C’ posts by Officers Training Academy, Chennai.

Managers/Manager, Sr. Engineers, Dy. Engineers/Sr. Engineers and Managers/DGM etc. are required by Bharat Electronics Limited.

Graduate Executive Trainees required by RITES Limited.

Graduate Engineer Trainee, Jr. Engineers Grade –II, Jr. Pharmacist Grade-II etc are required by Damodar Valley Corporation.

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Expected D A from July 2011

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The financial website comes with the expectations and calculations of new Dearness Allowance, which would be implemented w.e.f July, 2011. This time The Government tried maximum to catch hold the inflation and the rate of inflation came down on February from the month of January, 2011 (188 to 185) and remain constant in March, 2011. The Consumer price index number of April, 2011 will be published on the end of May, 2011 and there may not be much increase. As per the present scenario the Dearness Allowance may be 55% and may be increased a little bit more.

But due to the recent increase of the price of petrol and the expected increase of the price of other petroleum products, the cost of almost all essential commodities may go up and the All India Consumer Price Index also may go up simultaneously. Then the possibility of Dearness allowance also may go up to 59% or may touch 60% which is very difficult predict right now.

We hope that the Government will try maximum to bring down the cost of living and consumer price index. The increase of cost of living gives a hard time for the people

Latest Report

The Dearness Allowance form July 2011 will be 58% (7% increase from the last 51% D.A.) The AICPIN for the month of June 2011 touched 189 point and the DA will be 7% as per the latest calculation.

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International Investment News - 16th May, 2011

Todays International Investment News Abstract publish here for the convenience of our readers. We hope that this will be helpful for our readers to know what is hapening in the field of investment all over the world. This abstract gives only a short summary and those who wish to read in details may go through the link attached with the summary.

Emerging market investors' new nemesis: inflation
Pensions & Investments
Indeed, DB economists covering India are now very concerned that inflationary pressures are largely internally generated and will continue almost independently of the international level of commodity prices, according to the Deutsche Bank investor note ...
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How Sovereign Wealth Fund can drive Nigeria's growth, infrastructure development
BusinessDay
International investors are said to increasingly consider the existence of a SWF in a country as an important component of good economic governance and attractions for investments. Sovereign Wealth Funds now form a fundamental component of strategic ...
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Stock-buying opportunities building in Japan
Pensions & Investments
“We haven't seen Japanese stocks this cheap in a long time,” said Virginie Maisonneuve, head of global and international equities at Schroder Investment Management Ltd., London. “They looked quite attractive before (the earthquake) and prices became ...
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Should your money stay in SA?
Fin24
Respected global investment manager GMO, which has about $108bn under management, recently forecast that blue chip companies in developed markers will deliver growth of 4.6% per annum over the next seven years, compared to 4.3% of developing markets. ...
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Canadian wealth fund and Henderson buy Leadenhall Triangle
Property Week News
The Canadian Pension Plan Investment Board went under offer on Friday to buy five buildings on an island site which are currently in administration after a fierce bidding process. The site is income producing but has longer-term potential for a 1m sq ...
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14th Wuyi Int'l Investment Fair kicks off in Wuyi City
What's on Xiamen
The agent of a local wine company introduces the local wine-making technology to investors during Wuyi International Investment Fair, held in Wuyi City, southeast China's Fujian Province, May 13, 2011. The 14th Wuyi International Investment Fair ...
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Russia RTS Index Futures Fall as U.S. Stocks Drop, Dollar Gains
San Francisco Chronicle
"With global investment conditions far too uncertain, and sentiment far too fragile, most investors will also remain fearful and with little incentive to do anything other than continue sitting on the fence, observing and waiting," Chris Weafer, ...
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P&F Triple Top Breakout - IYZ, JBT, JGV, KFT, KH
Health Talk & You
The Fund's investment advisor is Nuveen Asset Management and its sub-advisor is Tradewinds Global Investors, LLC. Kraft Foods Inc. (NYSE:KFT) percentage change grew 0.40%, to close at $34.89 and its overall traded volume was 12.76M shares in the last ...
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