The crucial 7 years: Financial mistakes you should avoid

THE ECONOMIC TIMES Tue, Dec 19, 2017 | 06:30 AM IST ET Wealth Newsletter

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The crucial 7 years: Financial mistakes you should avoid Much like the proverbial 7-year span leading to marital woes, here are the crucial periods when poor financial decisions can cause monetary problems. Why buy a cryptocurrency when you can issue it? You too can go ahead and start a new cryptocurrency, if you have advanced coding skills, or if you can partner with an expert programmer. Aadhaar: Everything you need to know about it Haven't linked Aadhaar with various services yet? Here is a collection of stories that can solve all your Aadhaar linking problems. From our Partners From investment options to wedding loans, easy steps to plan your dream wedding Weddings are a grand affair in India and require a lot of planning. While we have all dreamed about having a fairytale like wedding in some point in our lives, we often forget or neglect the planning and preparation that it requires. From our Partners Are you buying insurance blindly? Find out Thousands of buyers sign up for insurance policies every year only to terminate them prematurely. Find out how to avoid such losses. These 9 strategies can help you retain or find a job in 2018 If you were looking for a job, 2017 was a harrowing time. Here is a look at the possible job trends for 2018 and your strategy for dealing with an uncertain future. Top 5 skills that are required to retain a job in 2018 Where survival is at stake, a company needs answers that reduce costs while increasing outcomes. It needs you to be acutely aware of costs and revenue. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) JM Core 11 Direct Plan-Growth 0.79 12.04 42.80 17.72 Mirae Asset India Opportunities Fund Direct- Growth 1.63 12.50 37.57 17.01 Kotak Select Focus Fund Direct-Growth 1.36 8.99 34.57 16.61 JM Multi Strategy Direct Plan-Growth 2.03 8.69 39.07 16.55 Invesco India Growth Fund Direct-Growth 1.44 14.22 39.40 16.51 FeaturedDSPBR Dynamic Asset Allocation Fund Direct-Growth ★★★★★ 0.92 3.69 12.36 9.06 Start SIP Why you shouldn't judge a mutual fund only by size There's a perception that bigger mutual funds are better. However, this misplaced belief could lead to poor investment decisions. Should you buy a plot as an investment? If you have limited or no assets, beginning with a large, indivisible asset such as a piece of land could be a bad idea.

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Stocks of these regional dairy firms may give good returns Most dairy companies declared good results in the second quarter of 2017-18. They are expected to report even better numbers in the coming quarters. Planning to be an entrepreneur? Ask yourself these 5 questions first So you want to be an entrepreneur. However, before you embark on your dream business, ask yourself some tough questions and answer them honestly. Turn these 7 deadly sins into virtues to get rich For one, you can put procrastination to good use because equity gives better returns over the long term compared with other asset classes. Stock pick of the week: Why analysts are bullish on Gujarat Gas Ltd Likely improvement in margins, expected rise in demand, expansion to more districts, among other things has made Gujarat Gas analysts' pick of the week. How to merge two or more EPFO accounts With the introduction of the Universal Account Number, it is possible to consolidate multiple accounts into one single account for each EPFO member. Paying for child's education is the most important financial commitment for 44% Indians: HSBC survey Out of the 500 parents who were surveyed for the study in India, it was found 96% of parents have at least one child in paid-for education. Here are more findings from the HSBC survey. Indians looking for bigger, better homes: Magicbricks survey The survey also revealed a positive shift in pent-up demand for larger houses in the affordable housing category. Smart things you should know about depository Companies become members of depositories and keep electronic records of all their issued equity and debt securities with the depositories. Tax Optimizer: How salaried Gupta can further reduce his tax outgo by 28% Taxspanner estimates that Gupta can reduce his tax further if his company offers him the NPS benefit and he invests more in the pension scheme himself. Tata Ethical Fund: An inconsistent performer With a 10-year return of 7.62%, the fund has underperformed the category average (8.63%), while faring marginally better than the benchmark (7.11%). Startup Xapads Media helps advertisers find target audience and publishers optimise revenue This Noida based ad-tech startup assists advertisers in finding the target audience and publishers in optimising revenue. Alternative investment returns monitor: For the week ending Dec 13, 2017 Here's a weekly tracker of returns from such investments. But don't compare these traditional investments as the and purpose of these investments is different.

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