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Business&Management>>
Finance
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108 Mantras For Financial Success
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Author
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Cnbc
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Publisher
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NA
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Language
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English
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ISBN No.
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Availability
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Available
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No Of Pages
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200
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Description:
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SECTION 1-Procedural
1) Read The fine print before you sign
2) Evaluate your advisor/relationship manager
3) Power of attorney (POA)…Give responsibly
4) Give clear instructions to your advisor/relationship manager
5) Never pay cash to your advisor /agent
6) Avoid dealing with multiple banks and brokers
7) Demand draft/Delivery Instructions…don’t let it slip
8) Be on time…even for payments
9) Statements,contract notes …Trust but verify
10) Safeguard your documents.
11) Suspicious movement?Investigate!
12) Right complaints….write complaints!
13) Password ..your top secret.
14) Keep your profile updated
15) Complete formalities while closing your account
16) Technology is an enabler
17) Be aware of online risk
18) Credit cards:Safeguard Against Fraud
SECTION 11-Financial planning
19) In investing,it pays to start early
20) Port folio manager …Choose with care
21) Make an investment plan
22) Assess your risk appetite
23) Invest with a long time prespective
24) Save For the raing day
25) Buy value with margin of safety
26) There is no free lunch
27) For major expenses ,plan in advance
28) Borrow but within limits]
29) Money Available …Don’t take credit.
30) Get the macro picture right
31) House wives Beware!
32) Trust only Expert advice ,especially if your old
33) Plan,but do not evade taxes
34) Don’t ignore inflation
35) Diversify across asset classes
36) Gold is a hedge against inflation
37) Think twice before getting locked-in
38) Watch your portfolio
39) Rebalance your portfolio to stay on track
40) Let some opportunities pass
41) Do not mistake luck for skill
42) When you lose ,Don’t lose the lesson
43) Unwieldy portfolio is unyielding
44) Bubbles will burst play safe
SECTION 111-Equities and Commodities
45) Trade through registered brokers only
46) Trading through a sub-broker ?Check credentials
47) Good research helps ….good brokerage is not all .
48) Go the Demant way …save tress,Troubles and spaces
49) Avoid off market transactions
50) Invest in business that you understand
51) Study business potential and prospects
52) Avoid Companies with dubious Management
53) Don’t trade with money you cant afford to lose
54) Trade in future & Options with care
55) Gauranteed returns in equities ?It’s a lie!
56) Do not blindly follow FIIs or MFs
57) Suggestions abound ..value your opinion too
58) Never trade on insider information
59) Great names are not always good investments
60) Not all IPOs make money
61) Avoid penny and Z category stocks
62) Commodities trading is not for all
63) Divesify equity exposure across sectors
64) Don’t get misled by approvals from government
65) Don’t rely on technical analysis alone
66) Past performance does not predict future performance
67) Sell when market flares up irrationally
68) Don’t marry your stocks ..sell when the time comes
69) When it rains,everything gets wet
70) Don’t blindly chase low mutilple stocks
71) Beating the markets Is difficult
72) Markets can remain irrational longer than you can remain solvent
73) Stay away from the operator-driven counters
74) Understand risks in day trading
75) Know when to stay out of the markets
76) Do not risk too much in any one trade
77) Short selling is not for small investors
78) Know when you will sell before you buy a stock
79) Adhere to a stop loss while trading
80) Be A bargain hunter among quality Stocks
81) Averaging is not a foolproof way to make money
82) The ‘Bigger fool’theory may not always work
83) Inactive account ?Freeze it now,use it later
SECTION 1V-Insurance and Mutual Funds
84) Get a slice of Life insurance
85) Honesty is the best insurance policy
86) Insure adequately :Better to have more than less
87) Insurance :It is not a one time exercise
88) Younger the better for insurance
89) Medical insurance:Even for the healthy
90) Small premium can mitigate big calamities
91) Cancellation of policies :Don’t let go till you are covered again
92) All mutual funds are not alike
93) Beware of loads and expenses in mutual funds
94) Index funds are your friends
95) Build your portfolio ,SIP By SIP
SECTION V-Real Estate
96) Check Credibility and track record of builder
97) Check up approvals
98) As you pay so shall you get ,Are you sure?
99) Pay for what you want
100) Location ,location ,location
101) Know your affordabilty
SECTION V1-Loans And Borrowings
102) Repayment history defines your financial character
103) Ignorance is it a bliss,know your loan terms
104) Borrow wisely :Choose the loan most appropriate for you.
105) Loan against gold jewellery ,emotions are embedded
106) Home loans:Floating rate can shrink you
107) Lenders’ recovery agents –Know your rights
108) Auto loans:Understand the total cost .
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