tag:blogger.com,1999:blog-59128231791686555462024-03-13T07:52:57.861-07:00Realize Dreams through Financial PlanningAnonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.comBlogger26125tag:blogger.com,1999:blog-5912823179168655546.post-55819722741388647642013-08-02T17:42:00.001-07:002013-08-02T17:43:32.318-07:00Financial Planning Calculators for Android Mobile<div dir="ltr" style="text-align: left;" trbidi="on">
<a href="http://networkfp.us2.list-manage.com/track/click?u=91b4342b043860c615958bfb3&id=c8aeabb981&e=dfe999920f" style="color: #336699; font-weight: normal; text-decoration: underline;" target="_blank"><span style="color: firebrick;"><b>Nikhil Kale</b></span></a>,
a Certified Financial Planner based out of Pune has developed
useful mobile applications related to financial planning and retirement planning <a href="https://play.google.com/store/apps/details?id=com.appsplatter.financialplanningcalculators" target="_blank">which are available for free download on Google Play Store</a>. You may just use them.</div>
Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-27553185849943143112013-07-30T20:33:00.001-07:002013-07-30T20:33:33.488-07:00Financial and Retirement Planners Fee<div dir="ltr" style="text-align: left;" trbidi="on">
There are number of ways by which Financial and Retirement planners may charge you, such as, commissions, flat fee, hourly rate, percentage of income level or wealth level etc. I read <a href="http://moneyover55.about.com/od/findingqualifiedadvisors/a/sixfinancialplannerfees.htm" target="_blank">an interesting article on the types of fee structure for financial planing , which I am sharing here.</a></div>
Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-31212338765221538862013-07-26T19:08:00.002-07:002013-07-26T19:08:43.764-07:005D view of Loan Portfolios<div dir="ltr" style="text-align: left;" trbidi="on">
You may analyze your existing loan portfolio while doing your financial and retirement planningand mend short comings. <a href="http://www.fpgindia.org/2013/07/have-a-5d-view-of-your-loan-portfolio.html?utm_source=rss&utm_medium=rss&utm_campaign=have-a-5d-view-of-your-loan-portfolio" target="_blank">Interesting article that I read from Financial Planners Guild.</a></div>
Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-35602361920533040862013-06-16T17:51:00.002-07:002013-06-16T18:14:41.295-07:0010 reasons for filing your Tax Returns on timeTax as a part of retirement and financial planning is an important aspect of life, as the saying goes that only thing that is certain in one's life is death and taxes.<br />
<br />
<ul>
<li>As we may be occupied and overwhelmed by other priorities, <span class="il">tax</span> planning activity is in the back seat and we wait till last minute. </li>
<li>In this rush of hours, we lose sight of effective tax planning.<br /> </li>
<li>Approaching Expert advisor or chartered account in the last minute, limits the scope of effective <span class="il">tax</span> planning and creates unnecessary tension<span class="il"></span>. </li>
<li>To be successful in getting timely tax refunds, it is necessary to present all the
data on various incomes, expenditures and investments <span class="il"></span> and <span class="il">file</span> your Income-<span class="il">Tax</span> (I-T) <span class="il">returns</span> on time. <span class="il"><br /> </span></li>
<li><span class="il">Filing</span> I-T <span class="il">returns</span> is both legal and moral responsibility and offers dignity of consciously contributing to the development of the nation. </li>
<li>I-T <span class="il">returns</span> substantiate your credit worthiness in order to access many financial benefits such as bank credits etc.from financial institutions.</li>
</ul>
Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-49347584745454852822013-06-06T07:09:00.001-07:002013-06-06T07:09:46.768-07:00Choosing the Best Financial Advisor and PlannerFinancial and retirement planning sites have one article on "how to chose a financial advisor?" or "what are the qualities that your planner should have?". Here I deal with the question in reverse "whom should you avoid as an advisor?".<br />
<br />
A financial consultant, planner or adviser should be your friend, philosopher and guide. Choosing a planner or finance advisor is no different from selecting a friend, but you should avoid the people with the certain qualities as a friend or an adviser. <br />
<br />
I have come across a motivational book titled "the day the eagle took off" by David Goh in which he lists the avoidable friends with the following characteristics.<br />
<br />
<ul>
<li><b>Negative</b>: <br /><ul>
<li>Pessimism will be contagious and it will throw wet blanket on good goals or projects. </li>
</ul>
</li>
<li><b>Picky</b>: <br /><ul>
<li>Ready to pick up qurrel and create a storm in tea cup.</li>
</ul>
</li>
<li><b>Gossip</b>: <br /><ul>
<li>They talk on others from the back and no consideration.</li>
</ul>
</li>
<li><b>Unfair</b>: <br /><ul>
<li>Paranoid and they present every thing from weather to recent enactment as unfair.</li>
</ul>
</li>
<li><b>Hostile and Vengeful</b>: <br /><ul>
<li>They believe in getting even at every stage</li>
</ul>
</li>
<li><b>Jealous</b>: <br /><ul>
<li>Always jealous on other persons' progress.</li>
</ul>
</li>
<li><b>Proud</b>: <br /><ul>
<li>They get along whith false pride and may get hurt easily</li>
</ul>
</li>
<li><b>Egoistic</b>: <br /><ul>
<li>They are self oriented and and every action lead only to boost their ego</li>
</ul>
</li>
<li><b>Disrespectful of authority (law)</b>: <br /><ul>
<li>It is like waging a losing war always.</li>
</ul>
</li>
<li><b>Inconsiderate</b>: <br /><ul>
<li>They may trample upon those who come in their way. </li>
</ul>
</li>
</ul>
It is better to avoid people of these qualities in general and select an amiable person as friend or an advisor.<br />
<br />Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com1tag:blogger.com,1999:blog-5912823179168655546.post-19093499470119860842013-06-03T23:52:00.001-07:002013-06-03T23:52:36.201-07:00SIP CalculatorsFinancial and retirement planning involves listing of life goals as financial targets and fixing a plan for achieving the same through easy and attainable steps. Just as escalators take you high, systematic investment plan or SIP through mutual fund investments are ladders for target achievement. <br />
<br />
Simple calculators may also help you estimate savings needed every month to achieve any target. Calculators online and offline for common life goals such child's education, child's marriage and retirement etc are provided in the <a href="http://reliableplanner.wordpress.com/2013/06/04/systematic-investment-planning-sip-calculators/" target="_blank">Financial and Retirement Planning Calculators Blog.</a>Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-77426530515716783932013-05-23T22:53:00.000-07:002013-05-23T22:53:07.375-07:00Financial Planning: Investment and Insurance CalculatorsFinancial and retirement planning involves lot of estimates and calculations in regard to mutual funds investments to be made. In these blog columns at various places c<a href="http://reliableplanner.wordpress.com/" target="_blank">alculators have been added for use. As it is felt that there should segregation of tools, a separate blog for investment and mutual funds calculators has been started at http://reliableplanner.wordpress.com.</a><br />
<br />
<br />
Financial calculators which may be used for retirement planning already discussed in various posts are enlisted here:<br />
<br />
<ul>
<li><a href="https://docs.google.com/spreadsheet/ccc?key=0AvHVw4LLMMBXdGh3NTdwMlJoS2QzYnM5Mk91QkNpWXc#gid=1">Cost of living expenses in future due to inflation calculator.</a>.<br /></li>
<li><a href="https://docs.google.com/spreadsheet/ccc?key=0AvHVw4LLMMBXdG5FeTE5alhCV09WVVVnVVhETklOdFE&amp;usp=sharing" target="_blank">Sab banenge Crorepati -- Billion Amount Target. - Calculator </a>.<br /><br /> </li>
<li> <a href="https://docs.google.com/spreadsheet/ccc?key=0AvHVw4LLMMBXdHowR0h2WXJKZ29xWWp0OVdRa1p5M1E&usp=sharing" target="_blank">This calculator may help to estimate your own Insurance needs for your family </a><br />
</li>
</ul>
<br />
<br />
<br />
<br />
<br />Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-26136441038728313872013-05-19T20:12:00.003-07:002013-05-19T21:33:09.160-07:0021 Ways to Save Money for a rainy day or for a better use.No financial plan or retirement plan will succeed unless you find ways to save money and adopt thrifty way of living. If you find your expenses are dragging your savings down putting your financial plans in jeopardy, you can surely turn around by trying some of these measures. <br />
<br />
<br />
<ol>
<li>Change your bank deposits where you get better interest rates and the maintenance charges are less. <strong> </strong>Utilize online bill pay with your bank<strong>. </strong>This serves
two purposes. First, it keeps you in much closer contact with your
money, as you can keep a very close eye on your balance and be in much
less danger of over-drafting. <br /></li>
<li>Watch TV less and save power wherever possible using less gadgets. Be diligent about turning off lights before you leave. If you spend one minute turning off lights before a two hour trip, that’s the equivalent of earning Rs.50. That’s some impressive savings, particularly if you do it before longer trips. The key is to <i>use less energy</i>, particularly when you’re not using the device. Install CFL (or, even better, LED) bulbs wherever it makes sense.<br /><br /> </li>
<li>Make use of every free customer rewards program you can with free coupons etc.<br /></li>
<li><b>Master the thirty day rule.</b> Whenever you’re
considering making an unnecessary purchase, wait thirty days and then
ask yourself if you still want that item.<br /></li>
<li><b>Write a list before you go shopping – and stick to it.</b> One should <i>never</i>
go into a store without a strong idea of what one will be buying while
in there. Or else you will end up buying more than what is necessary.<br /></li>
<li>Invite friends over instead of going out<b>.</b>Almost
every activity at home is less expensive than going out.<br /><br /><b> </b></li>
<li>Learn how to dress minimally.<b> </b>Instead of throwing out some damaged clothing, repair it instead. Don’t toss out a shirt because of a broken button – sew a new one on with some closely-matched thread. <br /><br />
</li>
<li>Don’t spend big money entertaining your children. <b> </b>Cut down on your vacation spending<br />Most children, especially young ones, can be entertained very cheaply.<br /></li>
<li>Call your credit card company and ask for a rate reduction. Hide your credit card to reduce spending through it.<br /></li>
<li>Cut back on the convenience foods – fast foods, microwave meals, and so on. Make your own meals whenever possible. Carry lunch packets to place of work instead of eating out.<br /><br /> </li>
<li><b> </b>Buy appliances based on reliability, not what’s cheapest at the store.<br /><br /> </li>
<li>Swap books, music, and DVDs cheaply on the internet via services like PaperBackSwap<b> </b>or lending libraries.</li>
<li>Keep your car fit and maintained. Clean your car’s air filter<b>.</b> A clean air filter can improve your gas mileage by up to 7%. Do a “maintenance run” on all your appliances<b>. </b>Air up your tires. For every two PSI that all of your tires are below the recommended level, you lose 1% on your gas mileage.</li>
<li><b></b>Cancel unused club memberships. </li>
<li>If something’s broken, give a fair shot at repairing it yourself before replacing it or calling a repairman. </li>
<li>Create a visual reminder of your debt<b>. </b>Design your “debt snowball.” Everyone needs a plan to help them get out of debt, so sit down and plot out what debts you’re going to pay off and in what order. <b><br /></b></li>
<li>Consolidate your student loans. Interest rates are
quite low right now, so it might be worthwhile to consolidate your
student loans into one low-rate package. Look into the various student
loan consolidation packages – even a 1% reduction on a Rs 100,000 loan
saves you Rs. 1000 a year.<br /><br /> </li>
<li>Get rid of unread magazine subscriptions.<br /></li>
<li>Look for a cheaper place to live. <b> </b>When buying a car, go for late model used.<br /></li>
<li><b> </b>Know about <i>all</i> of the benefits of your job<b>.</b> We aren’t even aware of all of the benefits available to us. Spend time with an HR person to find out about <i>all</i> the benefits of your job offers
– you might be surprised at what you might find. There may be free tickets
to sporting events, free personal improvement opportunities, and an
optional employee match on some retirement funds that maximized the
money that you may be socking away. This not only reduces down on our own spending on
things like sporting and community events and educational classes, but
also improved our retirement plans. <br /></li>
<li><b> </b>Switch from endowment or unit insurance to term life insurance to save on premium with better benefits.<b> </b><br />
<b></b><br />
<a name='more'></a><b> </b><br />
<b> </b> <br />
I have come <a href="http://www.thesimpledollar.com/2008/02/06/little-steps-100-great-tips-for-saving-money-for-those-just-getting-started/" rel="nofollow" target="_blank">across an article listing about 100 </a><a href="http://www.thesimpledollar.com/2008/02/06/little-steps-100-great-tips-for-saving-money-for-those-just-getting-started/" rel="nofollow" target="_blank"> </a><a href="http://www.thesimpledollar.com/2008/02/06/little-steps-100-great-tips-for-saving-money-for-those-just-getting-started/" rel="nofollow" target="_blank"> such ways to save money</a> and listed some of them what is more applicable or relevant for us.</li>
</ol>
Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-12957369863477338472013-05-18T19:14:00.002-07:002013-05-18T19:16:37.601-07:00Top trending stocks. Filtering or scanning for personal investment.As a part of financial planning and retirement planning, we do invest in stocks directly as per various pieces of advice from neighbours, co-worker, financial advisors and planners. More often, we really a get a kick in picking out stocks and brag about among friends and investor circles. <br />
<br />
There is a systematic way to do the same process of picking out good stocks for investment from out of a milieu of stocks, with a simple lay man understanding of technical analysis.<br />
<br />
Step 1. Pick only liquid and well followed stocks fair amount of volume of capitalization. We shall select CNX 100 stocks from NSE. Listed and indexed stocks are well followed, monitored and reviewed by investor populace. This naturally is the first filter<br />
<br />
Step 2. As I have already discussed methods to identify trending stocks above and below 200 MA<br />
in our previous blog titled<a href="http://www.reliablefinanceplanner.blogspot.in/2013/05/top-10-equity-stocks-for-short-and.html"> Top 10 Equity Stocks for Short and Medium Term Investing or Trading. </a><br />
<br />
We would apply similar filter to identify <a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdEZoRDJ0Tlp3UmpGWXJpb0xjSWxfSGc&single=true&gid=11&output=html" rel="nofollow" target="_blank">Up-trending stocks</a> and <a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdEZoRDJ0Tlp3UmpGWXJpb0xjSWxfSGc&single=true&gid=12&output=html" rel="nofollow" target="_blank">Down-trending</a> stocks by applying the filter if the stocks trade above or below 200 Day Moving Average (DMA) getting from Yahoo and other sources.<br />
<br />
Step 3: Very <a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdEZoRDJ0Tlp3UmpGWXJpb0xjSWxfSGc&single=true&gid=13&output=html" rel="nofollow" target="_blank">strong uptrend</a> and very <a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdEZoRDJ0Tlp3UmpGWXJpb0xjSWxfSGc&single=true&gid=15&output=html" rel="nofollow" target="_blank">weak downtrend </a>can be identified if a stock is above both 50 DMA and 200 DMA.<br />
<br />
Step 4: Relative strength indicator (RSI) or Stochastics indicator are used to measure whether stocks are trading in the bottom or top of price bands cycle. Generally RSI above 70 or Stochastics above 80 indicate over-bought levels and RSI below 30 or Stochastics below 20 represent over-sold levels.<br />
<br />
We would prefer stocks which are <a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdEZoRDJ0Tlp3UmpGWXJpb0xjSWxfSGc&single=true&gid=14&output=html" rel="nofollow" target="_blank">not over-bought</a> in up trend and sell or short stocks which are <a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdEZoRDJ0Tlp3UmpGWXJpb0xjSWxfSGc&single=true&gid=16&output=html" rel="nofollow" target="_blank">not over-sold </a>in down trend.<br />
<br />
All <a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdEZoRDJ0Tlp3UmpGWXJpb0xjSWxfSGc&output=html" rel="nofollow" target="_blank">the sheets of the filtering stocks from CNX 100 list work-book can be viewed</a> here. The sheets are supposed to auto update. You may watch regularly by book marking the same. The last column link can take you to respective Yahoo chart for verification of the individual stocks and how they look and to see other parameters.<br />
<br />
<br />
<span style="font-family: "Courier New",Courier,monospace; font-size: x-small;">Note: This article is for Educational and illustrative purpose only as movement in stock prices cannot be predicted and subject individual risks of the Company, market risks and other risks</span><br />
<span style="font-family: "Courier New",Courier,monospace; font-size: x-small;">These steps are best let out to professionals and we advocate friends to use Mutual funds for investment for building retirement and financial planning corpus. </span>Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-83667029283100575992013-05-16T20:47:00.003-07:002013-05-17T04:15:50.615-07:00Top 10 Equity Stocks for Short and Medium Term Investing or TradingEquity investment and trading is a very interesting field in personal financial and retirement planning. As lot of persons are doing their own investments in equities, they had always queries regarding timing the market. We had indicated in our <a href="http://reliablefinanceplanner.blogspot.com/2013/05/top-10-nifty-stocks-trending-up-down.html" target="_blank">previous blog Top 10 Nifty trending stocks</a>, that stocks that are generally above 50 and 200 DMA levels are in strong up trend.<br />
<br />
I have searched free resources that list the stocks that have just crossed 30 DMA for short term and 50 DMA for Medium term investment. As there are lot of stocks qualifying the criteria, I have filtered those stocks in which are above 200 DMA as well.<br />
<br />
Here are the links.<br />
<br />
<a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdDRMUVJXdW9VQWdWMTRrM1F6YVNGTEE&single=true&gid=7&output=html" rel="nofollow" target="_blank">Top 10 Stocks that closed above 30 DMA (for Short Term)</a><br />
<br />
<a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdDRMUVJXdW9VQWdWMTRrM1F6YVNGTEE&single=true&gid=9&output=html" rel="nofollow" target="_blank">Top 10 Stocks that closed above 50 DMA (for Medium Term)</a><br />
<br />
You may verify the charts of respective stocks for confirmation of their current position.<br />
<br />
<br />
<br />
<br />Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-81466056307737702102013-05-12T23:24:00.004-07:002013-05-12T23:24:55.225-07:00Akshaya tritiya 2013 -- Buy Gold ETF...It is a practice prevalent among Hindus to buy gold ornaments or gold coins on the day of Akshaya tritiya. However among financial advisers and planners, there are advocates for and against investment in gold. <br />
<ul>
<li><span style="color: #6aa84f;">Gold can hedge in case of currency of a country becoming weak and there is inflationary pressures in the country </span></li>
</ul>
<ul>
<li><span style="color: #6aa84f;">International Gold price has given good returns during last several years but there is a market price correction giving opportunity for those who have missed out in the last rally.</span></li>
</ul>
<br />
<span style="color: #6aa84f;"><span style="color: black;">Those who are against argue</span> </span><br />
<ul>
<li><span style="color: #6aa84f;"><span style="color: #660000;">The period of depression in US economy and inflation is over and Gold price may not rise in the immediate future.</span></span></li>
<li><span style="color: #6aa84f;"><span style="color: #660000;">The correction in the market price for Gold is not yet over.</span></span></li>
<li><span style="color: #6aa84f;"><span style="color: #660000;">RBI and Government discourages holding or hoarding gold as investment vehicle nowadays. </span></span></li>
<li><span style="color: #6aa84f;"><span style="color: #660000;">Real estate will soar again, therefore that is the best bet.</span></span></li>
</ul>
<span style="color: #6aa84f;"><span style="color: #660000;"> </span><span style="color: black;">To overcome these, pundits suggest that it is better to invest an SIP of Gold ETF (Exchange Traded Fund) so that it can over a period of time, average out the cost price in the down trending market. </span></span><br />
<br />
<span style="color: #6aa84f;"><span style="color: black;">It is advisable to buy GOLD ETF units instead of gold coins or jewelry so that in the worst case scenario, we can sell out the units without much loss because of making charge, wear and tear depreciation etc.</span></span><br />
<br />
<span style="color: #6aa84f;"><span style="color: black;">You may refer previous blog on <a href="http://reliablefinanceplanner.blogspot.com/2013/04/investment-in-gold-etf.html" target="_blank">GOLD ETF investment as a part of your financial and retirement planning.</a> </span></span>Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-37756323139157786202013-05-10T01:03:00.000-07:002013-05-10T01:03:25.774-07:00Mother's Day. Gift Financial Security by planning<div dir="ltr" style="text-align: left;" trbidi="on">
Mothers work at home and / or outside full time for our sake and it is our duty to return emotional security through love, affection and caring and financial security through careful planning.<br />
<br />
Though one cannot and should not estimate the value of love and care, it is stated that a middle class family may spend from 25000 to 300000 on children up to say 17-20 years. Treating this fact we may estimate a present value as Rs 10 lakhs which will give a future value of Rs. 28 lakhs which is equivalent to perpetuity of Rs 2 lakh or monthly Rs. 15000/-. i.e. She is sacrificing a pension throughout her lifetime to that extent. It would be the family's responsibility to have proper retirement planning for Mother (Parent).<br />
<a href="https://docs.google.com/spreadsheet/ccc?key=0AvHVw4LLMMBXdFRKNFhnYjJCYnJtLVA5NjlXOEJES0E&usp=sharing" target="_blank">The workings are given here</a>. <br />
<br />
Keeping that in mind, we may suggest that mothers need to take following steps toward greater and better financial security through proper retirement planning: <br />
<ul>
<li><strong>Form a savings or investment plan.</strong> Try to stash away more money, both for retirement and for a rainy day. </li>
<li><strong>Arrange sufficient disability and long term health care insurance.</strong> These risks are more prevalent among women. </li>
<li><strong>Take more investment risks. </strong>Women are known to be traditionally more conservative, but they need
to have their capital grow sufficiently for their longer lives through equity linked mutual funds investments etc.</li>
<li><strong>Consider having higher learning or adult education.</strong>
Mothers who may want to be at workplace, or are looking for
additional skills to advance their careers, should be ready to invest in additional
education and training.</li>
</ul>
<br />
<br />
<br />
<br />
The above article is based on what I came across a wonderful article written by Eleanor Blayney, CFP<span class="highlight">®</span> titled <a href="http://www.letsmakeaplan.org/blog/view/posts/2013/05/08/mother-s-day-advice-why-mothers-need-financial-security" rel="nofollow" target="_blank">Mother’s Day Advice: Why Mothers Need Financial Security</a> which I thought I would share.<br />
<h3 style="margin-top: 0px;">
<span class="highlight"><br /></span></h3>
</div>
Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-41850356752634086312013-05-09T20:41:00.001-07:002013-05-09T20:41:43.275-07:00Top 10 Financial Planners<div dir="ltr" style="text-align: left;" trbidi="on">
How to rank these fellows?. But if you are searching for a financial planner or retirement planner advising mutual funds investments, insurance in your area, you may find a list of qualified and experienced financial planners engaged in retirement planning and allied activity enlisted in <a href="http://networkfp.com/profiles?skey=city&sval=Chennai&rpage=8" rel="nofollow" target="_blank">Network F.P. site where you can find a planner near your area or company or a friend</a>.<br />
<br />
You may book mark this page for laler use or forward to your friends<br />
<br />
<br />
<a name='more'></a>Mukundan SN<br />
Certified Finance Planner<br />
9789099720<br />
reliable.planner@gmail.com<br />
<br />
<br /></div>
Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-23376779172011392502013-05-07T18:55:00.001-07:002013-05-07T18:55:23.293-07:00Do you have right value of Life Insurance? Check.<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: left;" trbidi="on">
<div dir="ltr" style="text-align: left;" trbidi="on">
<br />
<!--[if gte mso 9]><xml>
<w:WordDocument>
<w:View>Normal</w:View>
<w:Zoom>0</w:Zoom>
<w:TrackMoves/>
<w:TrackFormatting/>
<w:PunctuationKerning/>
<w:ValidateAgainstSchemas/>
<w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid>
<w:IgnoreMixedContent>false</w:IgnoreMixedContent>
<w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText>
<w:DoNotPromoteQF/>
<w:LidThemeOther>EN-US</w:LidThemeOther>
<w:LidThemeAsian>X-NONE</w:LidThemeAsian>
<w:LidThemeComplexScript>ML</w:LidThemeComplexScript>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
<w:DontGrowAutofit/>
<w:SplitPgBreakAndParaMark/>
<w:EnableOpenTypeKerning/>
<w:DontFlipMirrorIndents/>
<w:OverrideTableStyleHps/>
<w:UseFELayout/>
</w:Compatibility>
<m:mathPr>
<m:mathFont m:val="Cambria Math"/>
<m:brkBin m:val="before"/>
<m:brkBinSub m:val="--"/>
<m:smallFrac m:val="off"/>
<m:dispDef/>
<m:lMargin m:val="0"/>
<m:rMargin m:val="0"/>
<m:defJc m:val="centerGroup"/>
<m:wrapIndent m:val="1440"/>
<m:intLim m:val="subSup"/>
<m:naryLim m:val="undOvr"/>
</m:mathPr></w:WordDocument>
</xml><![endif]--><br />
<!--[if gte mso 9]><xml>
<w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="true"
DefSemiHidden="true" DefQFormat="false" DefPriority="99"
LatentStyleCount="267">
<w:LsdException Locked="false" Priority="0" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Normal"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="heading 1"/>
<w:LsdException Locked="false" QFormat="true" Name="heading 2"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 3"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 4"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 5"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 6"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 7"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 8"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 9"/>
<w:LsdException Locked="false" Priority="39" Name="toc 1"/>
<w:LsdException Locked="false" Priority="39" Name="toc 2"/>
<w:LsdException Locked="false" Priority="39" Name="toc 3"/>
<w:LsdException Locked="false" Priority="39" Name="toc 4"/>
<w:LsdException Locked="false" Priority="39" Name="toc 5"/>
<w:LsdException Locked="false" Priority="39" Name="toc 6"/>
<w:LsdException Locked="false" Priority="39" Name="toc 7"/>
<w:LsdException Locked="false" Priority="39" Name="toc 8"/>
<w:LsdException Locked="false" Priority="39" Name="toc 9"/>
<w:LsdException Locked="false" Priority="35" QFormat="true" Name="caption"/>
<w:LsdException Locked="false" Priority="10" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Title"/>
<w:LsdException Locked="false" Priority="1" Name="Default Paragraph Font"/>
<w:LsdException Locked="false" Priority="11" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtitle"/>
<w:LsdException Locked="false" Priority="22" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" Priority="59" SemiHidden="false"
UnhideWhenUsed="false" Name="Table Grid"/>
<w:LsdException Locked="false" UnhideWhenUsed="false" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" UnhideWhenUsed="false" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" QFormat="true" Name="TOC Heading"/>
</w:LatentStyles>
</xml><![endif]--><!--[if gte mso 10]>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:"Calibri","sans-serif";
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:Kartika;
mso-bidi-theme-font:minor-bidi;
mso-ansi-language:EN-US;
mso-fareast-language:EN-US;
mso-bidi-language:AR-SA;}
</style>
<![endif]--><span lang="EN-US">During my young days, as young adults we used to take insurance only on endowment policies or ULIP only to the extent of tax planning needs of the year without considering any financial planning or investment needs. I never realized that endowment policies and ULIPs covering a very low sum assured would have put my family in great jeopardy. Insurance advisors never suggested term or pure insurance which can cover at a very low premium, a very large sum suitable for the family's needs and protection. I have been fooled into thinking and linking savings and insurance. I never got the best of returns also by investing for such a long time through the endowment and ULIP policies.</span><br />
<span lang="EN-US"><br /></span>
<br />
<div class="MsoNormal">
<span lang="EN-US">We may find it difficult to make
financial planning involving investments and expenditure decisions, partly because of the difficulty
in assessing our future needs and goals. This is also because it involves the
short-term cost of lowering our personal consumption. For making such decisions,
it is imperative to understand how people’s wealth-management and financial planning needs change over
the course of their lives. </span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="mso-spacerun: yes;"> </span><span style="mso-tab-count: 1;"> As we face</span> an inability to assess the
value of future income and savings which is compounded by the long time until
retirement and the tendency towards event-driven short term planning, it is common for
individuals to stay away from the financial decision-making process. Financial
planning<span style="mso-tab-count: 1;"> </span>models based on promoting products
that provide high commissions can lead to short-term planning models based on short sighted decisions that may not be in the best
interests of consumers. As a consequence, high providers and insurance advisors tend to view younger
customers as less valuable than those who are at retirement, whereas
commissions can lead to older customers.</span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="mso-spacerun: yes;"> </span><span style="mso-tab-count: 1;"> </span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="mso-tab-count: 1;"> </span>One of the central axioms of a
holistic financial planning system is that it needs to incorporate all
material sources of net wealth, tangible and intangible. These include both
financial and human capital or simply termed as <b>Humal Life Value</b>. </span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="mso-spacerun: yes;"> </span><span style="mso-tab-count: 1;"> </span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="mso-spacerun: yes;"> </span><span style="mso-tab-count: 1;"> </span>Human capital or Humal life value represents the value of
a person’s future earning potential. It is an intangible asset that typically
dominates the personal balance sheet of younger people, whose yield is
represented by wage income. We calculate it as the present value of expected
after-tax wage earnings as follows: </span><br />
<br />
<!--[if gte mso 9]><xml>
<w:WordDocument>
<w:View>Normal</w:View>
<w:Zoom>0</w:Zoom>
<w:TrackMoves/>
<w:TrackFormatting/>
<w:PunctuationKerning/>
<w:ValidateAgainstSchemas/>
<w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid>
<w:IgnoreMixedContent>false</w:IgnoreMixedContent>
<w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText>
<w:DoNotPromoteQF/>
<w:LidThemeOther>EN-US</w:LidThemeOther>
<w:LidThemeAsian>X-NONE</w:LidThemeAsian>
<w:LidThemeComplexScript>ML</w:LidThemeComplexScript>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
<w:DontGrowAutofit/>
<w:SplitPgBreakAndParaMark/>
<w:EnableOpenTypeKerning/>
<w:DontFlipMirrorIndents/>
<w:OverrideTableStyleHps/>
<w:UseFELayout/>
</w:Compatibility>
<m:mathPr>
<m:mathFont m:val="Cambria Math"/>
<m:brkBin m:val="before"/>
<m:brkBinSub m:val="--"/>
<m:smallFrac m:val="off"/>
<m:dispDef/>
<m:lMargin m:val="0"/>
<m:rMargin m:val="0"/>
<m:defJc m:val="centerGroup"/>
<m:wrapIndent m:val="1440"/>
<m:intLim m:val="subSup"/>
<m:naryLim m:val="undOvr"/>
</m:mathPr></w:WordDocument>
</xml><![endif]--><br />
<!--[if gte mso 9]><xml>
<w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="true"
DefSemiHidden="true" DefQFormat="false" DefPriority="99"
LatentStyleCount="267">
<w:LsdException Locked="false" Priority="0" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Normal"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="heading 1"/>
<w:LsdException Locked="false" QFormat="true" Name="heading 2"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 3"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 4"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 5"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 6"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 7"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 8"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 9"/>
<w:LsdException Locked="false" Priority="39" Name="toc 1"/>
<w:LsdException Locked="false" Priority="39" Name="toc 2"/>
<w:LsdException Locked="false" Priority="39" Name="toc 3"/>
<w:LsdException Locked="false" Priority="39" Name="toc 4"/>
<w:LsdException Locked="false" Priority="39" Name="toc 5"/>
<w:LsdException Locked="false" Priority="39" Name="toc 6"/>
<w:LsdException Locked="false" Priority="39" Name="toc 7"/>
<w:LsdException Locked="false" Priority="39" Name="toc 8"/>
<w:LsdException Locked="false" Priority="39" Name="toc 9"/>
<w:LsdException Locked="false" Priority="35" QFormat="true" Name="caption"/>
<w:LsdException Locked="false" Priority="10" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Title"/>
<w:LsdException Locked="false" Priority="1" Name="Default Paragraph Font"/>
<w:LsdException Locked="false" Priority="11" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtitle"/>
<w:LsdException Locked="false" Priority="22" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" Priority="59" SemiHidden="false"
UnhideWhenUsed="false" Name="Table Grid"/>
<w:LsdException Locked="false" UnhideWhenUsed="false" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" UnhideWhenUsed="false" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" QFormat="true" Name="TOC Heading"/>
</w:LatentStyles>
</xml><![endif]--><!--[if gte mso 10]>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:"Calibri","sans-serif";
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:Kartika;
mso-bidi-theme-font:minor-bidi;
mso-ansi-language:EN-US;
mso-fareast-language:EN-US;
mso-bidi-language:AR-SA;}
</style>
<![endif]--><span lang="EN-US" style="font-family: "Times New Roman","serif"; font-size: 12.0pt; mso-ansi-language: EN-US; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-fareast;">Human Capital or Human Life Value</span><br />
<!--[if gte mso 9]><xml>
<w:WordDocument>
<w:View>Normal</w:View>
<w:Zoom>0</w:Zoom>
<w:TrackMoves/>
<w:TrackFormatting/>
<w:PunctuationKerning/>
<w:ValidateAgainstSchemas/>
<w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid>
<w:IgnoreMixedContent>false</w:IgnoreMixedContent>
<w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText>
<w:DoNotPromoteQF/>
<w:LidThemeOther>EN-US</w:LidThemeOther>
<w:LidThemeAsian>X-NONE</w:LidThemeAsian>
<w:LidThemeComplexScript>ML</w:LidThemeComplexScript>
<w:Compatibility>
<w:BreakWrappedTables/>
<w:SnapToGridInCell/>
<w:WrapTextWithPunct/>
<w:UseAsianBreakRules/>
<w:DontGrowAutofit/>
<w:SplitPgBreakAndParaMark/>
<w:EnableOpenTypeKerning/>
<w:DontFlipMirrorIndents/>
<w:OverrideTableStyleHps/>
<w:UseFELayout/>
</w:Compatibility>
<m:mathPr>
<m:mathFont m:val="Cambria Math"/>
<m:brkBin m:val="before"/>
<m:brkBinSub m:val="--"/>
<m:smallFrac m:val="off"/>
<m:dispDef/>
<m:lMargin m:val="0"/>
<m:rMargin m:val="0"/>
<m:defJc m:val="centerGroup"/>
<m:wrapIndent m:val="1440"/>
<m:intLim m:val="subSup"/>
<m:naryLim m:val="undOvr"/>
</m:mathPr></w:WordDocument>
</xml><![endif]-->
<div class="MsoNormal" style="mso-layout-grid-align: auto; mso-pagination: widow-orphan; tab-stops: 45.8pt 91.6pt 137.4pt 183.2pt 229.0pt 274.8pt 320.6pt 366.4pt 412.2pt 458.0pt 503.8pt 549.6pt 595.4pt 641.2pt 687.0pt 732.8pt; text-autospace: ideograph-numeric ideograph-other;">
<span style="font-size: x-small;"><span lang="EN-US" style="font-family: "Courier New";">=</span><span lang="EN-US" style="font-family: Courier;"> </span><span style="font-family: inherit;"><span lang="EN-US">∑<sup>n</sup></span></span><sub><span lang="EN-US" style="font-family: Courier;"> </span></sub><span lang="EN-US">Current wage income × (1 + wage growth) ×
(1 – tax rate) / (1+ discount rate or investment rate)</span><sub><span lang="EN-US" style="font-family: Courier;"><br />
<span> </span><span style="font-family: inherit;">i=0</span></span></sub></span><span lang="EN-US" style="font-family: "Courier New"; font-size: 11.0pt; mso-bidi-language: ML; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="font-family: "Courier New"; font-size: 10.0pt; mso-ansi-language: EN-IN; mso-bidi-language: ML; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: auto; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto; mso-pagination: widow-orphan; text-autospace: ideograph-numeric ideograph-other;">
<span lang="EN-US" style="font-family: Courier; font-size: 10.0pt; mso-bidi-language: ML; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"> </span><span style="mso-ansi-language: EN-IN; mso-bidi-language: ML; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: EN-IN;"></span></div>
<!--[if gte mso 9]><xml>
<w:LatentStyles DefLockedState="false" DefUnhideWhenUsed="true"
DefSemiHidden="true" DefQFormat="false" DefPriority="99"
LatentStyleCount="267">
<w:LsdException Locked="false" Priority="0" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Normal"/>
<w:LsdException Locked="false" Priority="9" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="heading 1"/>
<w:LsdException Locked="false" QFormat="true" Name="heading 2"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 3"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 4"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 5"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 6"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 7"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 8"/>
<w:LsdException Locked="false" Priority="9" QFormat="true" Name="heading 9"/>
<w:LsdException Locked="false" Priority="39" Name="toc 1"/>
<w:LsdException Locked="false" Priority="39" Name="toc 2"/>
<w:LsdException Locked="false" Priority="39" Name="toc 3"/>
<w:LsdException Locked="false" Priority="39" Name="toc 4"/>
<w:LsdException Locked="false" Priority="39" Name="toc 5"/>
<w:LsdException Locked="false" Priority="39" Name="toc 6"/>
<w:LsdException Locked="false" Priority="39" Name="toc 7"/>
<w:LsdException Locked="false" Priority="39" Name="toc 8"/>
<w:LsdException Locked="false" Priority="39" Name="toc 9"/>
<w:LsdException Locked="false" Priority="35" QFormat="true" Name="caption"/>
<w:LsdException Locked="false" Priority="10" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Title"/>
<w:LsdException Locked="false" Priority="1" Name="Default Paragraph Font"/>
<w:LsdException Locked="false" Priority="11" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtitle"/>
<w:LsdException Locked="false" Priority="22" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Strong"/>
<w:LsdException Locked="false" Priority="20" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Emphasis"/>
<w:LsdException Locked="false" Priority="59" SemiHidden="false"
UnhideWhenUsed="false" Name="Table Grid"/>
<w:LsdException Locked="false" UnhideWhenUsed="false" Name="Placeholder Text"/>
<w:LsdException Locked="false" Priority="1" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="No Spacing"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 1"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 1"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 1"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 1"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 1"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 1"/>
<w:LsdException Locked="false" UnhideWhenUsed="false" Name="Revision"/>
<w:LsdException Locked="false" Priority="34" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="List Paragraph"/>
<w:LsdException Locked="false" Priority="29" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Quote"/>
<w:LsdException Locked="false" Priority="30" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Quote"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 1"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 1"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 1"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 1"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 1"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 1"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 1"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 1"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 2"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 2"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 2"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 2"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 2"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 2"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 2"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 2"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 2"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 2"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 2"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 2"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 2"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 2"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 3"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 3"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 3"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 3"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 3"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 3"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 3"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 3"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 3"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 3"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 3"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 3"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 3"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 3"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 4"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 4"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 4"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 4"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 4"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 4"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 4"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 4"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 4"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 4"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 4"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 4"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 4"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 4"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 5"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 5"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 5"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 5"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 5"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 5"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 5"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 5"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 5"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 5"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 5"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 5"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 5"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 5"/>
<w:LsdException Locked="false" Priority="60" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Shading Accent 6"/>
<w:LsdException Locked="false" Priority="61" SemiHidden="false"
UnhideWhenUsed="false" Name="Light List Accent 6"/>
<w:LsdException Locked="false" Priority="62" SemiHidden="false"
UnhideWhenUsed="false" Name="Light Grid Accent 6"/>
<w:LsdException Locked="false" Priority="63" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 1 Accent 6"/>
<w:LsdException Locked="false" Priority="64" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Shading 2 Accent 6"/>
<w:LsdException Locked="false" Priority="65" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 1 Accent 6"/>
<w:LsdException Locked="false" Priority="66" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium List 2 Accent 6"/>
<w:LsdException Locked="false" Priority="67" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 1 Accent 6"/>
<w:LsdException Locked="false" Priority="68" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 2 Accent 6"/>
<w:LsdException Locked="false" Priority="69" SemiHidden="false"
UnhideWhenUsed="false" Name="Medium Grid 3 Accent 6"/>
<w:LsdException Locked="false" Priority="70" SemiHidden="false"
UnhideWhenUsed="false" Name="Dark List Accent 6"/>
<w:LsdException Locked="false" Priority="71" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Shading Accent 6"/>
<w:LsdException Locked="false" Priority="72" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful List Accent 6"/>
<w:LsdException Locked="false" Priority="73" SemiHidden="false"
UnhideWhenUsed="false" Name="Colorful Grid Accent 6"/>
<w:LsdException Locked="false" Priority="19" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtle Emphasis"/>
<w:LsdException Locked="false" Priority="21" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Emphasis"/>
<w:LsdException Locked="false" Priority="31" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Subtle Reference"/>
<w:LsdException Locked="false" Priority="32" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Intense Reference"/>
<w:LsdException Locked="false" Priority="33" SemiHidden="false"
UnhideWhenUsed="false" QFormat="true" Name="Book Title"/>
<w:LsdException Locked="false" Priority="37" Name="Bibliography"/>
<w:LsdException Locked="false" Priority="39" QFormat="true" Name="TOC Heading"/>
</w:LatentStyles>
</xml><![endif]--><!--[if gte mso 10]>
<style>
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:"Table Normal";
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:"";
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:"Calibri","sans-serif";
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;
mso-bidi-font-family:Kartika;
mso-bidi-theme-font:minor-bidi;
mso-ansi-language:EN-US;
mso-fareast-language:EN-US;
mso-bidi-language:AR-SA;}
</style>
<![endif]-->
</div>
<div class="MsoNormal">
<span style="font-size: x-small;"><span style="font-family: "Courier New",Courier,monospace;"><span lang="EN-US"><span lang="EN-US"> </span> <span style="font-size: x-small;"> </span> <span style="font-size: xx-small;"><br /></span></span></span></span><br />
<pre>
</pre>
</div>
</div>
</div>
<span lang="EN-US"><br /></span>
<span lang="EN-US"> </span>
<br />
<div class="MsoNormal">
<span lang="EN-US"><span style="mso-spacerun: yes;"> </span><span style="mso-tab-count: 1;"> </span></span></div>
<div class="MsoNormal">
<span lang="EN-US"><span style="mso-spacerun: yes;"> </span><span style="mso-tab-count: 1;"> </span>
</span></div>
</div>
</div>
<span style="font-size: xx-small;">7</span>
<span style="font-size: xx-small;">
</span><br />
<div class="MsoNormal">
<span style="font-size: xx-small;"><span lang="EN-US"> Milliman </span></span></div>
<span style="font-size: xx-small;">
</span><br />
<div class="MsoNormal">
<span style="font-size: xx-small;"><span lang="EN-US"> Research Report</span></span></div>
<span style="font-size: xx-small;">
</span>
<br />
<div class="MsoNormal">
<span style="font-size: xx-small;"><span lang="EN-US"> Human capital depends upon a number
of factors, including:</span></span></div>
<br />
A sample work sheet is provided below as table. <a href="https://docs.google.com/spreadsheet/ccc?key=0AvHVw4LLMMBXdHowR0h2WXJKZ29xWWp0OVdRa1p5M1E&usp=sharing" target="_blank">Following this link you can work out your own Insurance needs for your family </a><br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Source: <a href="http://dc536.4shared.com/download/HD_Jnrd5/Holistic_Lifecycle_Financial_P.pdf?tsid=20130427-013951-eeee3124" rel="nofollow" target="_blank">Holistic Life-cycle Financial Planning</a><br />
<br />
<iframe frameborder="0" height="300" src="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdHowR0h2WXJKZ29xWWp0OVdRa1p5M1E&single=true&gid=0&range=a1%3Af20&output=html&widget=true" width="500"></iframe>
<br />
You may contact us for an assessment and arranging for your actual Life Insurance needs.<br />
Mukundan SN, CFA, CFP<br />
mailto: reliable.planner@gmail.com<br />
Mobile: 9789098720
</div>
Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-28560026975958373542013-05-07T01:01:00.000-07:002013-05-07T01:02:13.864-07:00Top 10 Nifty Stocks Trending Up / Down<div dir="ltr" style="text-align: left;" trbidi="on">
In the previous blog <a href="http://reliablefinanceplanner.blogspot.in/2013/05/stock-investments-simple-technical.html" target="_blank">Stock Investments - simple Technical Analysis</a>, simple tricks of identifying and ranking stocks on the basis of trending up and trending down were discussed. Now we can rank the stocks on the basis of the 50 / 200 MA level ratio as top stocks trending up or down.<br />
<br />
<ul style="text-align: left;">
<li>The ranks of up trending stocks in NIFY are shown in the spreadsheet "<a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdGNBWHNpU21BT2owVTlvWWpXZ1c0SWc&single=true&gid=6&output=html" target="_blank">Top 10 Up trend Stocks</a>". </li>
<li> The ranks of down trending stocks in NIFTY are shown in the spreadsheet "<a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdGNBWHNpU21BT2owVTlvWWpXZ1c0SWc&single=true&gid=7&output=html" target="_blank">Top 10 Down trend Stocks"</a>. </li>
<li>The links in the last column will take you to Yahoo charts page we you can visibly see the trends in the charts.</li>
<li>The w<a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdGNBWHNpU21BT2owVTlvWWpXZ1c0SWc&output=html" target="_blank">hole workbook can be accessed here</a> . </li>
</ul>
<br />
We shall do similar exercise for Nifty junior stocks as well shortly.<br />
<br />
Mukundan CFA, CFP<br />
Certified Financial Planner<br />
Retirement Planner </div>
Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-87421088538423059652013-05-05T04:39:00.005-07:002013-05-05T04:39:58.243-07:00Stock Investments Simple Technical Analysis It will be advisable to invest in Stocks as an asset class in our financial planning and retirement planning process through mutual funds as they are managed by well-informed and professionals. However, we also want to invest directly and build some portfolio of equities on our own. Lot of friends are seeking advice as to how to time the markets while
trading or investing in stock markets, because most of the time we end up enter at wrong time of the market cycle.<br />
<br />
To have a better timing and to carefully monitor some methods we can see here. It is generally believed that the market price is not predictable as the most of information inputs are already discounted in the current price, especially in the age of most modern advancement in communication technology. The principle is called as random walk theory. .... <a href="http://en.wikipedia.org/wiki/Random_walk_hypothesis" rel="nofollow" target="_blank">Read more</a>.<br />
<br />
However, empirical studies have shown that <a href="http://www.finanzaonline.com/forum/attachments/analisi-tecnica-t-s-e-psicologia-del-trading/1176850d1261646366-aiuto-x-costruz-ts-fr1063-park-moving-average-ratio-momentum.pdf" rel="nofollow" target="_blank">if you follow simple Moving average momentum etc</a>. you get better returns than simple buy and hold strategies while trading or investing in stock markets. Read more in the paper..... <br />
<br />
Moving averages are running averages of daily close of stock prices. 200 day Moving average will indicate long term 50 DMA the medium term and 20 DMA, the short term trends<br />
<br />
To have such analysis we can list all the fifty stocks in Nifty in a spreadsheet. We can straight away say that financial institutions enter only when the stock prices go above 200 Day or 10 Month's Moving Average. For medium term we may use 50 MA. We may study the ratio of 50 MA value by 200 MA value.<br />
<br />
<ul>
<li>Current Prices above 200 MAs are showing Up trend. <br /></li>
<ul>
<li>If 50 MA is above 200 MA, it indicates strong up-trend. "Buy" recommendation is given. 50/200 MA ratio will be above 1 and (+) sign is assumed.<br /></li>
<li>If 50 MA is below 200 MA, it indicates up-trend but "Hold" recommendation is given. One may hold till 200 MA is violated downside. 50/200 MA ratio will be below 1<br /></li>
</ul>
</ul>
<ul>
<li>Current prices below 200 MAs are showing Down trend.<br /></li>
<ul>
<li>If 50 MA is below 200 MA, it indicates strong down-trend. "Sell" recommendation is given. 50/200 MA ratio is below 1 but with a (-) sign.<br /></li>
<li>If 50 MA is above 200 MA, it is possible to have a trend reversal. "Wait" recommendation is given. 50/200 MA ratio is above 1 but with a (-) sign.<br /></li>
</ul>
</ul>
But over bought and over sold positions in respect of a stock or market can be studied with respect to 52 period high. Though they are better analyzed through Stochastic or Relative Strength measurements, we can attempt over-bought / over-sold positions with respect to distance between 200 MA level and 52 Week High for up-trend and 52 Week Low for down-trend.<br />
<br />
<ul>
<li> Up-trend<br /></li>
<ul>
<li>Prices above 200 MA will be simply up trend.</li>
<li>If price rise more than 75% of the range above 200 MA to 52 Week's High, it may be considered as Over-bought we shall wait for a correction to re-enter the stock</li>
<li>If price rise falls below 25% of the range above 200 MA to 52 Week's High, it may be considered as Over-sold we shall look for opportunities to enter when price starts moving up.<br /></li>
</ul>
<li>Down-trend<br /></li>
<ul>
<li>Prices below 200 MA will be down trend</li>
<li>If price falls below 25% of the range above 52 Week's Low to 200 MA level, it may be considered as Over-sold and no action is advised but one wait for a rally for shorting or selling.</li>
<li>If price rises above 75% of the range above 52 Week's Low to 200 MA level, it may be considered as Over-bought and one may look for selling or shorting opportunities </li>
</ul>
<li>The template spreadsheet which will be automatically updated is posted for observation and you may watch how things pan out after investment and you may also watch the page for how your stock fairs at a particular point of time. Here is the <a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdGNBWHNpU21BT2owVTlvWWpXZ1c0SWc&single=true&gid=1&output=html" target="_blank">link for the spreadsheet. </a></li>
<li>Column chart graphically how the <a href="https://docs.google.com/spreadsheet/pub?key=0AvHVw4LLMMBXdGNBWHNpU21BT2owVTlvWWpXZ1c0SWc&gid=5" target="_blank">price compares with 200 MA and 50 MA line shown here</a>.</li>
</ul>
We shall try to improve the methods and extend to other stocks as well in the future posts. <br />
<br />
Mukundan SN, CFA, CFP<br />
Certified Finance and Retirement Planner<br />
<br />
<br />
<br />Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-52078137906965744112013-04-27T20:15:00.002-07:002013-04-27T21:33:55.913-07:00Family: Financial Planning for Aging ParentsI have found an interesting article on Financial Planning for Aging Parents which I thought will be useful for the followers of this blog. <a href="http://dc145.4shared.com/download/Pn1VOzpu/Financial_planning_for_aging_p.pdf?tsid=20130427-012721-68f185fe" rel="nofollow" target="_blank">You may click this link for downloading the free booklet.</a>Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-19904369442767211672013-04-26T05:48:00.000-07:002013-04-26T05:48:43.337-07:00Financial and Retirement Planning for SinglesI have come across an interesting article published by Money Mantra on the topic of financial and retirement planning for singles. You may go through <a href="https://docs.google.com/file/d/0B_HVw4LLMMBXS00xODA5WGJLWkk/edit?usp=sharing" rel="nofollow" target="_blank">the article clicking here</a>.Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-51562256059352079352013-04-20T20:06:00.000-07:002013-04-20T20:06:28.168-07:00Take advantage of Liquid Funds / Cash Management FundsMost of the mutual funds are offering Liquid Funds or Cash management funds which are great venue for parking your surplus in current account or excess savings that you have. You need to have only six months' expenses in your contingency funds and savings bank account. The rest you can park in mutual funds which earns almost 8 - 9 % appreciation fast. This is a very good gateway for finance and retirement planning.<br />
<br />
<a href="https://docs.google.com/file/d/0B_HVw4LLMMBXMWtWd25SWklhYW8/edit?usp=sharing" target="_blank">Read more</a> or watch slides on <a href="http://t.co/JhD59wTgrI" target="_blank">liquid cash management</a>Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-68336444202639559102013-04-16T09:10:00.001-07:002013-04-16T09:10:09.273-07:00Investment in Gold ETFMy wife has the habit of following gold prices especially in view of the ensuing Akshaya Trithiya day (usually falling in May every year) considered to be auspicious to buy Gold in some form. Though BSE showed only 3% annual return during last 3 years, God has shown more than 25% annualized returns during the period. But Gold price has fallen drastically after last year as can be seen from the monthly chart of Gold prices shown below:<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKuf0cdQegAaPSPq9F7o09w30HSLXCPiU6LNdlflMSvA3p27MxePWT1bcbGD4QwTCHKhyphenhyphenDNf9_sJ9hTyMbk_qahxzhcH2xakEw4BZ49pP3FkiPZ-DUkFBaAM9wbOsu_1xlAbdlfl0tUk0/s1600/gold-mn1-gci-financial-ltd.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKuf0cdQegAaPSPq9F7o09w30HSLXCPiU6LNdlflMSvA3p27MxePWT1bcbGD4QwTCHKhyphenhyphenDNf9_sJ9hTyMbk_qahxzhcH2xakEw4BZ49pP3FkiPZ-DUkFBaAM9wbOsu_1xlAbdlfl0tUk0/s1600/gold-mn1-gci-financial-ltd.png" height="289" width="640" /></a></div>
<br />
Actually it is right time to buy gold in view of drastic fall in the recent time, especially in the form of Gold ETF (Exchange Traded Funds) such as Reliance Gold, SBI Gets or Goldman Sachs GOLD ETF etc. It is like buying stock one unit of ETF roughly represents the market price of GOLD at the time of purchase.<br />
<br />
Advantages of GOLD ETF over any other forms are:<br />
<br />
<ul>
<li>No making charges or wear and tear charges as prevalent in the case jewelry while buying ETF.</li>
<li>Storage, protection, insurance costs can be avoided.</li>
<li>Exchange traded funds are easily traded and there liquidity connected expenses for transfer is lower than any other form.</li>
<li>You can start investing small surpluses in ETFs just like SIPs regularly so that you can achieve rupee cost averaging and long term appreciation. </li>
<li>Wealth tax is not applicable .</li>
<li>Regarded as Mutual Fund units, the minimum holding period for such
assets to qualify as long-term assets is a year. As these are not equity
oriented mutual funds, long-term capital gains (LTCG) on the sale of
gold ETFs does not qualify for tax exemption. Short-term capital gains (STCG) would also not be eligible for
concessional rate of taxation. However, these are eligible for the
concessional LTCG tax rate at a minimum of 10 per cent of the gains
without indexation or 20 per cent of the gains with indexation.The long-term gains on sale of such ETFs are taxed at a maximum of 10 per cent of the gains. STCGs are taxed at normal rates.Gold has to be held for three years to be termed as long-term
capital assets, while gold ETF need to wait for just a year to get the
status. <br />
<br />
You may visit <a href="http://www.nsegold.com/gold-etf-benefits.php" rel="nofollow" target="_blank">NSE site</a> or <a href="http://www.bseindia.com/markets/etf/advantage_of_gold_ETFs.aspx" rel="nofollow" target="_blank">BSE Site</a> for further details on GOLD ETFs.<br />
<br />
<br />
<br />
<br /></li>
</ul>
Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-48383655336154320362013-04-16T01:05:00.000-07:002013-04-16T01:05:41.757-07:00Planning Finance and Retirement through professionalsThe following presentation may highlight the importance of proper personal financial planning through professionals.
You may <a href="https://docs.google.com/document/d/11vyHszMcCzxcB9osSnQzFc1Jyakvr-1Y4TNHduNlNvg/pub">click here</a>
Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-63324085252636139742013-04-14T18:28:00.002-07:002013-04-16T01:02:39.515-07:00Financial Planning for Married CoupleMy friend Dr Shah has written a nice article.<br />
<br />
It is as to how to draw a Financial Plan for newly wed couple. Major points are reproduced below.<br />
<strong> 1. Identify Your <a href="http://www.fpgindia.org/2010/10/want-to-achieve-your-financial-goals.html" target="_blank" title="Financial Goals">Financial Goals</a></strong>
<br />
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<strong>2. Plan and devise a Budget</strong></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<strong>3.</strong> <strong>Reduce Debt</strong></div>
<br />
<strong>4.</strong> <strong>Go for a ‘Contingency Savings Account’</strong>
<br />
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<strong>5. </strong><strong>Update Financial Documents with spouse's name included.</strong></div>
<div style="text-align: justify;">
<strong><br /></strong></div>
<strong>6. Insurance Planning</strong>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<strong>7. Plan your Investments</strong></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<strong>8. </strong><strong>Plan for Retirement</strong></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<strong>9. Preparing for Parenthood</strong></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<strong>10. Decide on Record Keeping System</strong></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
You can read the full <a href="http://www.fpgindia.org/2013/04/financial-planning-for-newly-wed-couples.html?utm_source=rss&utm_medium=rss&utm_campaign=financial-planning-for-newly-wed-couples" rel="nofollow" target="_blank">article here.</a></div>
Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-36468115981407391232013-04-13T06:43:00.002-07:002013-04-16T01:14:55.244-07:00Small droplets make a river utlimately.In the last blog we were discussing about SIP or systematic investment planning through mutual funds. Balanced mutual funds with a mix of debt funds and equity or slightly riskier large cap funds earn on an average 12 to 15% interest in the long term. If you start systematically investing in these type of instruments, definitely we may be able to beat the inflation and have a sizable corpus at retirement or after 20-25 years.<br />
<ul>
<li>Start small but early in your life.</li>
<li>Let the savings be steady without break</li>
<li>Don't draw on it frequently but for emergencies in which case replenish at the earliest. </li>
</ul>
<br />
If you follow a disciplined approach, then a savings of Rs.10000/- can become a Rs. One crore by 22 years. You may calculate and see for yourself how investment grows and feel the power of compounding <a href="https://docs.google.com/spreadsheet/ccc?key=0AvHVw4LLMMBXdGtnbWZNa0w3X0ZsbVhMeGlPQTJzZUE&amp;usp=sharing">in this spreadsheet link by clicking here</a>.<br />
<br />
<br />
You may also see the applet in mobile devices.
<iframe scrolling="no" src="http://www.appsbar.com/WebApp/Facebook/?AppID=391454&Device=Embed&Style=app" style="border: 0px; height: 600px; width: 350px;">
Your browser does not support iFrames please visit:<br><br>
<a href="http://www.appsbar.com/WebApp/Facebook/?AppID=391454&Device=Embed&Style=app">http://www.appsbar.com/WebApp/Facebook/?AppID=391454&Device=Embed&Style=app</a>
</iframe>
<br />
Contact for your planning advice: Mukundan SN, CFA, CFP mail: reliable.planner@gmail.com<br />
Mob: 9789098720 Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-19703222310889549792013-04-07T05:11:00.000-07:002013-04-07T05:11:16.543-07:00Wealth Creation through Mutual Funds<span style="font-size: small;">I was thinking once it would be better to invest directly in equities than invest through Mutual Funds because of their expensive loads. But one cannot time the entry and exit and closely follow all the scrips that we have selected endearingly once. </span><br />
<br />
<span style="font-size: small;">To know more<span style="font-size: small;"> <span style="font-size: small;">you may watch the slides entitled <a href="https://docs.google.com/presentation/d/1pFTlrYcdaa8Snh_CZeNGg9cFZzfzYdKABoUhQ1IILi4/edit?usp=sharing" rel="nofollow" target="_blank">Advantages of Mutual Funds</a></span></span> </span><br />
<br />
<span style="font-size: small;">We generally buy and hold blindly and blissfully unaware of what is actually going on the value of our portfolio we have created. One day we wake up to find our portfolio having lost its value considerably following the trend in global markets. </span><br />
<br />
<br />
<span style="font-size: small;"> Then I came to know about as to how a <b>Systematic Investment Plan</b> is the best way to invest into Mutual funds.</span><br />
<br />
<span style="font-size: small;">Though it is advisable to buy any investment low and sell high, it is almost impossible to time the markets on a regular basis. The only way you can overcome this is to follow the Systematic Investment Plans (SIPs) route. </span><br />
<br />
<span style="font-size: small;">An SIP does not <span style="font-size: small;">offer </span>assured profit or protection against a loss but the chances of making a loss through an SIP over a longer period of time is almost negligible. <span style="font-size: small;">In general, </span>systematic investment p<span style="font-size: small;">lan</span>s have been identified as an <span style="font-size: small;">apt</span> method for wealth accumulation. </span><br />
<br />
<span style="font-size: small;">Under the SIP the investment is spread over a period of time. <span style="font-size: small;">A</span> pre-determ<span style="font-size: small;">ined</span> amount is periodically invested into a mutual fund scheme.
The number of units that accrue to you on each periodic investment are a function of the then prevailing net asset value (NAV) of the scheme you have opted for. By using this technique, SIPs make the volatility in the market work in your favour. </span><br />
<br />
<span style="font-size: small;">More units are purchased when a scheme's NAV is low and fewer units when the NAV is high.
As a result, even if the market is falling or rising, the average per unit cost price in a SIP will always be less than the average per unit sale price.
Therefore, the average unit cost is lower than average unit price irrespective of market rising or fluctuating. This happens because you get the advantage of buying more units when the market is low and averaging out the purchase price. </span><br />
<br />
<span style="font-size: small;">Fo<span style="font-size: small;">ll<span style="font-size: small;">owing points are to be kept</span></span> in mind: </span><br />
<br />
<ol>
<li><span style="font-size: small;">Ascertain your investment horizon. </span></li>
<li><span style="font-size: small;">Decide on the periodicity of investment. </span></li>
<li><span style="font-size: small;">Determine the amount you can comfortably invest in a SIP periodically. </span></li>
<li><span style="font-size: small;"><span style="font-size: small;">Pick a scheme according to your risk profile.
Invest for long term.</span></span></li>
<li><span style="font-size: small;"><span style="font-size: small;">Keep <span style="font-size: small;">free balance in y<span style="font-size: small;">our account to the extent of SI<span style="font-size: small;">P amount. However absence of <span style="font-size: small;">balance may lead to rejection that particular instalment. But subsequent<span style="font-size: small;"> instalments can continue.</span></span></span></span></span></span></span></li>
<li><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">You may modify or cancel the SI<span style="font-size: small;">P at any point of time<span style="font-size: small;">. </span></span></span></span></span></span></span></span></span></li>
</ol>
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"></span></span></span></span></span></span></span></span></span><br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"></span></span></span></span></span></span></span></span></span><br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"></span></span></span></span></span></span></span></span></span><br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">Mukundan SN, CFA, CFP<span style="font-size: small;"> -- <span style="font-size: small;">Per<span style="font-size: small;">sonal Fina<span style="font-size: small;">nce and Retirement Planner. Mututal fund advisor</span></span></span></span></span></span></span></span></span></span></span></span></span><br />
<span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;"><span style="font-size: small;">Mob: 9789098720. email: reliable.planner<span style="font-size: small;">@gmail.com</span> </span></span></span></span></span></span></span></span></span></span></span></span></span><br /><span style="font-size: small;"><br /></span>Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0tag:blogger.com,1999:blog-5912823179168655546.post-51773031607902351122013-03-29T15:35:00.000-07:002013-04-16T08:41:29.282-07:00Sab Banenge Crorepati, if you plan and executeSab Banenge Crorepati (Everybody can be a multimillionaire) if we dream, plan and execute systematically. Systematically saving a constant or variable amount with a minimum threshold termed as SIP (Systematic Investment Plan) is essential. It offers the following advantages.<br />
<br />
<ul>
<li>Compounding effect especially very steep in the long run.</li>
<li>Disciplined and planned attempt keeping you in the path of goals.</li>
<li>Dollar (Rupee) cost averaging especially while saving vacillating market conditions. </li>
</ul>
The calculation of compounding effect is <a href="https://docs.google.com/spreadsheet/ccc?key=0AvHVw4LLMMBXdG5FeTE5alhCV09WVVVnVVhETklOdFE&amp;usp=sharing" target="_blank">shown in the spreadsheet worked out which you can see by clicking here</a>. You can find that as little as 6000 rupees can bludgeon into One Crore (10 Million) rupees if you systematically save for 30 years.<br />
<br />
<br />
<ul>
</ul>
Anonymoushttp://www.blogger.com/profile/14524292537209826878noreply@blogger.com0