There is good and bad news
2020 is 50% over.-Tweet by twitter
As you let the reality of the above sink in, I wish to give you few updates.
To mark the completion of the half of 2020, I curated my 5 best investment ideas to build wealth and you can use too.
Some of the names may be obvious to you and some may be not. But either way, there will be reinforcement of your reasoning.
Don’t forget to send me your comments.
On July 1, RBI launched its sought after bonds in a new avatar – floating rate. Simply put, your interest rate on the bond will move based on the changes in a benchmark rate. If the benchmark rate goes up, your rate can go up and vice versa.
There is no cumulative option, that is, compulsory payment of interest to you. The interest is taxable as your regular income.
The bonds have a lock in for 7 years with an exit clause at 5 and 6 years as well for certain age categories.
All in all, if you are looking for the highest safety, this is an option to consider.
After a major cut in rates in April 2020, small saving rates for investments in PPF, Senior Citizens Savings Scheme, Sukanya Samriddhi Yojana and Postal schemes have been left unchanged for the quarter of July 2020 to Sept 2020.
You can refer to this note for the rates in April 2020 which are valid now as well.
An updated version of the Comprehensive Financial Planning Workbook 2020 released.
Personalised Advisory clients and Insider Plus members are aware about how the Comprehensive Financial Planning Workbook has helped them see their entire financial life in just one dashboard.
It is now easier to know where you stand and what are the key gaps you need to take care of to smoothen your journey to your financial goals.
The response is unconditionally “Wow”.
I have updated the Comprehensive Financial Planning Workbook with additional details and made some improvements as well. Check out the video of the “Personal Financial Well Being Dashboard” here.
Insider Plus, which is not the easiest way to start getting your financial life in order with all the tools, research and support, has the updated version available. There is a host of new content too.
Very soon, a few case studies will also be added along with the ongoing research updates and new investment analysis.
If you have any thoughts or feedback, please feel free to share.
From July 1, 2020, if you buy mutual funds or ETFs, a stamp duty of 0.0005% is applicable. Please note the stamp duty is only on the transactions in the nature of purchases such as Switch In, Purchase, SIP and Systematic Transfer In.
Most AMCs have send you emailers describing the impact of the same. Over long terms, the effect is negligible.
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