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Tips to help you frame investment strategies for 2009 – 1 January 6, 2009

Posted by dhirendra1972 in Blue Chip Stock, Economic slowdown, Financial Responsibilities, Health Insurance, Life Insurance, Long-term Capital, Long-term goals, Lower Interest Rate, Realty Price, Turbulent market.
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Good morning friends!  There are some tips which I read  with reference to The Times of India.  I want to share this to everyone and I’m sure it will also help you a lot.

 

Depending on how you choose to look at it, 2009 could either be the harbinger of more bad news or offer a plethora of opportunities.

 

While an economic slowdown, turbulent market conditions and job/pay cuts will, no doubt, test your resilience, opportunities may come knocking in the form of correction in realty prices, lower interest rates on loans and attractive valuations of blue-chip stocks.

To capitalise on the opportunities and tackle the challenges during the year, you need to stick to an investment strategy based on your long-term goals and risk profile. Here are a few guidelines to help you frame one:

25 To 30-Year-Old  Singletons

Irrespective of the age bracket you belong to,  health insurance should figure prominently in your must-have list.

The need for life insurance for this category, however, will arise only if you have dependents. “In addition, you need to create a contingency fund, because this year, increments will be hard to come by, and the sword of job cuts will continue to hang over employees’ heads,” points out certified financial planner Amar Pandit.

While this piece of advice will be applicable to all classes of investors, youngsters who have just started their careers need to take it seriously as unlike other age groups, they may not have the luxury of existing investments to cushion the impact of tough times. Also, you will need to be thrifty when it comes to spending on consumption needs.

You should strive to save around 40% of your  income and direct most of it towards investments — mainly equities. “Although the asset allocation depends upon one’s risk profile and other needs, generally speaking, youngsters can take advantage of their youth and relatively fewer financial responsibilities to take on more risk and participate in long-term capital appreciation,” says Kartik Varma, co-founder, iTrust.in, a financial planning firm.

 

 

How much life insurance coverage do I need? November 26, 2008

Posted by dhirendra1972 in Business, Finance, Insurance, Life Insurance, Life quote Center, Marketing Talk, Online Marketing, Stock Market Talk, Term Life Insurance.
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Good Evening friends, I was sitting with my friends and we were talking about life. From life our talk change to life insurance and someone ask how much life insurance coverage I need. Just guessing, but you probably don’t want some complex math here. In case you want some real details, feel free to contact life quote center. You might get some results from a life insurance calculator. But if you give a call to life quote center know that we’re ready to help you with a detailed analysis of your personal circumstances. 

 

If you’d just like to start with some do-it-yourself guidelines to get a ballpark estimate, do the following: Multiply your yearly income by 15. Or, another simple method is to add up the money you make each month and multiply this number by 200. What does this simple math give you? It tells you approximately how much money you may need to replace your monthly or yearly income, dollar for dollar – if you decided to get one of the life insurance types that pay a lump sum of money as a death benefit.

 Now that we’ve answered this basic question, it’s much easier to accurately compare life insurance, as well as other forms of protection, such as long term health insurance and living coverage.

 

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