10 smart money moves to improve your finances in 2017

THE ECONOMIC TIMES Tue, Jan 03, 2017 | 07:02 AM IST ET Wealth Newsletter

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10 smart money moves to improve your finances in 2017 ET Wealth has identified 10 money moves that can benefit investors in 2017. These are not investment tips, but steps that will help you optimise the returns. 2017 may be a good year to invest in stocks for the long term Investors should commit money systematically over next six months to earn well after 3 years instead of investing more when historical returns are high. What are the hot career trends and skills in demand for 2017? Find out 2017 will be different when it comes to jobs at startups. The massive hiring by deeply funded, billion-dollar valued e-commerce startups has stalled. From our Partners Watch Webcast: How ICF brings the global Copper fraternity together ICF is the biggest platform that brings together the Copper fraternity from India and Internationally to congregate and deliberate on opportunities and challenges lying ahead. Planning your financial calendar for 2017? Here's help on what to do each month Go through this calendar to fix your financial goals and tasks in the coming year. The planning will help you save, spend and invest prudently. Budget 2017 may hike capital gains tax on stocks: Here are the possible changes Though long-term capital gains will continue to be tax free, get ready for a longer holding period and higher tax on short-term capital gains. What are people's concerns and preferences in cashless payments? Find out As digital payments find increasing acceptance among people, knowing which platform to use and taking appropriate safety measures is a must. What you can learn about investing from yogic principles There are a lot of basic principles in yogic philosophy that one can follow in order to invest wisely and create wealth. From our Partners Find out a smarter way to work Whether you're working in your office or on the go, you get a familiar, top-of-the-line set of productivity tools. Office applications always the latest versions—let you create, edit, and share from your PC/Mac or your iOS, Android™, or Windows device with anyone in real time

Financial Calculators Tax Impact Calculator This tax calculator will let you know how your tax liability changes post-Budget 2016. Just input your personal income details and know how much tax would now be payable. Home Loan Refinance Should you refinance your home loan? 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. More Calculators

How to use Virtual Payment Address for financial transactions Once the user has created a VPA, he can link his bank account to this VPA by generating and using an MPIN for this account. SBI Magnum Multicap Fund: Change in strategy is paying off It is a unique offering, delivering healthy performance but a longer track-record of out performance would provide more comfort. Numbers achieved in 2016: cash deposits, gold sold, IPO collections, credit card debt… Some figures that stood out in the passing year for cash deposits, gold sold, IPO collections, credit card debt. Sharp fall in stock price makes J&K Bank analysts' favourite Compared to its share price of Rs. 150 two years back, J&K Bank is now trading at close to Rs. 60, a massive cut of 60%. Family Finances: Bengaluru-based Mohapatras need to increase equity investment to meet goals Subhashree & Bhabani Mohapatra, 32 & 27, IT professionals, Bengaluru will have to raise their equity exposure to realise their dreams. To minimise risk invest in a diversified portfolio of quality assets for the long term To minimise risks, good investment habits are a must. A diversified portfolio comprising quality assets held over the long-term works every time. Why don't debt mutual funds give fixed returns? If the RBI reduces interest rates, then new bonds and other fixed income instruments will offer lower rates, and the prices of existing bonds will rise. Good prices and good news don't come together: Kunj Bansal, Centrum Wealth Management "Recovery of the economy would depend on the time it takes for cash availability to improve," Kunj Bansal ED & CIO, Equities, Centrum Wealth Management Good performance of NPS likely to continue in 2017 The NPS was able to outperform its benchmarks as well as similar mutual fund schemes in 2016 mainly because of it's low cost structure. Should you invest in global funds now? Slowing of the domestic economy is not the only reason to look for foreign equity opportunities. Diversification of portfolio should be a key driver. Startup Healthy Billions offers 24X7 access to a range of health services "I was very impressed with the 911 service in the US and wanted to create something similar in India," Gunjan Poddar, Founder and CEO, Healthy Billions. Systematic risks in stock investing: What is Beta High beta sectors like real estate and infrastructure tend to do better in a rising market and worse in a falling market. Alternative investment returns monitor: For week ending December 28, 2016 Here's a weekly tracker of returns from few alternative investments. The proportion and purpose of alternative investments is vastly different.

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