Archive for June, 2009
Rising life expectancy to help lower insurance premium
June 9th, 2009
Mukesh Dedhia
Life insurance premium rates are likely to drop over the next few months owing to longer life expectancy, with a new mortality and morbidity table expected to be in place by the fourth quarter of 2009 to replace the current one, which is of 1994-96 vintage.
The new rates will include the claim experience of individual companies and will be based on 2006-08 data.
THE WAY OF THE WORLD IS MEETING PEOPLE THROUGH OTHER PEOPLE
June 8th, 2009
Mukesh Dedhia
Most business owners at some stage find themselves faced with what I call a growth dilemma. They don’t know whether to grow their business or not. If you don’t want to grow a world class business, don’t worry; you probably are in a big majority! 85% of small businesses want their business to fit in with their goals of having a good, well-balanced life. The other 15% ones are growth-oriented business builders. But to grow a business one either has to cut the costs, increase productivity, expand his operations etc. Expanding operations is comparatively easier and effective. Networking falls under the purview of it.
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Term Of The Day- QIP
June 6th, 2009
Mukesh Dedhia
QUALIFIED institutional placement (QIP) is a capital raising tool, whereby a listed company can issue equity shares, fully and partly convertible debentures, or any securities other than warrants, which are convertible into equity shares, to a qualified institutional buyer (QIB). Apart from preferential allotment, this is the only other speedy method of private placement for companies to raise money. It scores over other methods, as it does not involve many of the common procedural requirements, such as the submission of pre-issue filings to the market regulator.
Term Of The Day- Forex Trading Strategy (FTS)
June 5th, 2009
Mukesh Dedhia
What Does FTS Mean?
A set of analyses that a forex day trader uses to determine whether to buy or sell a currency pair at any given time. Forex trading strategies can be based on technical analysis charting tools or fundamental, news-based events. The day trader’s currency trading strategy is usually made up of a multitude of signals, which trigger buy or sell decisions. Forex trading strategies are available for free, for a fee or are developed by the traders themselves.
Source: Investopedia
New attempt to fill looming pension…
June 5th, 2009
Mukesh DedhiaI have always stressed on the issue that Retirement Planning is a must in the context of personal Financial Planning. Thankfully the fruits of long term financial planning, which have been available only in the organized sector, will now be available to the unorganized sector, the self employed as well as all others who don’t come under the ambit of any pension system. In a reform long overdue, the Pension Fund Regulatory & Development Authority (PFRDA) has finally put into motion the New Pension System (NPS).
Term of the day-Forex
June 3rd, 2009
Mukesh DedhiaLets learn finance terms under the head Term of the day.
For the day we learn-Forex
What Does it Mean?
The market in which currencies are traded. The forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day and includes all of the currencies in the world.
Source: Investopedia
Birth of a child-How should your financial planning change?
June 2nd, 2009
Mukesh DedhiaThe addition of a son or a daughter to your family is an occasion of tremendous joy. As the father or the mother of the kid, you would be overwhelmed with happiness.
But at the same time, you also know that a child brings on to you enormous additional financial responsibility.
So what are the things that you should do to secure your child’s financial future?