In your interest.
Online Personal Finance Magazine
No beating about the bush.
I am a regular reader of MoneyLife magazine. I am 37 years old, married, blessed with a three-year old son and working for a BPO. I am not very happy with my job and plan to retire early, say by the age of 47 years, provided my financial planning works out well to support me after retirement.
I have seen mutual fund advertisements where an investment of a lakh of rupees becomes Rs22 lakh over...
My father-in-law, a senior citizen, has a Stanchart credit card and was later sold a Manhattan credit card by their sales agents. He was not informed that if he does not use his Manhattan card in the first six months, he would have to pay a penalty charge. He did not use his Manhattan card and they debited him Rs2,000 and recovered the money from his savings account with Stanchart. They...
I read MoneyLIFE regularly and, indeed, it is very useful and informative. In the world of complex finance this provides a great overview. One thing I would like addressed is the recent IRDA guidance on ULIP-based insurance schemes. IRDA created panic among the public and quickly retracted its earlier statement. What is the real story? Is ULIP a goodinvestment or not? How can one exit these...