Follow us on Social Sites

Showing posts with label Fundamental News. Show all posts

NICKEL 1085 to 1234 in 10 Session DO You Know why????

No comments
mcx nickel

OPERATOR TRADES IN NICKEL AS WELL AS 
SOME FUNDAMENTAL NEWS SUPPORTED TOO.

INTRA CALL UPDATE 1232 SELL RECOMMENDED PROFIT BOOKED AT 1188
SUPER SHOT OF 44000/- IN 4 LOTS TRADE

WE WERE IN BUY SIDE FROM 1085 PRICE BUT BOOKED 1140 AND BOUGHT AT 1128 BOOKED 1182 AND TODAY WE SOLD AT ALMOST DAY HIGH FROM 1232 FOR 1188 ...


Do You Know Why NICKEL Price is so volatile??


nickel mcx

Why Nickel is So Volatile??
Nickel prices are on a tear. Since January 12, when the Indonesian government surprised nickel market participants by going through with its plan to ban unprocessed ore exports, the metal has risen precipitously.
In terms of just how precipitously, the numbers speak for themselves. Though the metal’s gains were modest at first, by mid-March, London Metal Exchange (LME) nickel for three-month delivery had reached an 11-month high of $18,230 per metric ton (MT). That positive performance continued in April, when nickel was the best-performing commodity; most recently, LME nickel for three-month delivery hit $19,380 per MT Today, as per the Financial Times.
As one Singapore-based metal trader told the news outlet, “[i]t’s simple: the ban stays in place, the nickel price goes up further. Prices above $20,000 are perfectly plausible.”
That sounds promising for those who are bullish on nickel, but is it really that simple? Unsurprisingly, the short answer to that question is: “no.” While the ban is certainly significant, since it was put in place another factor has begun to influence nickel prices: Russia.

Russia’s nickel price impact has been building since early this year, when the Supreme Council of Crimea voted to secede from Ukraine following a referendum in which an overwhelming majority of Crimean citizens voted to join Russia. The referendum was quickly declared invalid by the United Nations, but that hasn’t stopped countries like the United States, Canada and Germany from expressing their disapproval of Russia by enacting sanctions on the country...
Vale (NYSE:VALE), the world’s second-largest nickel producer, believes that the base metal will continue to perform well in the next couple of years, climbing “significantly” in 2015.
Vale anticipates continued growth--- REPORT published in Feb 2014 when prices trading near $12-13k at LME...
As mentioned, mining giant Vale said recently that it sees nickel’s gains continuing not only in the upcoming months, but also for the next couple of years, particularly 2015. Specifically, the company believes nickel may climb as high as $20,000 per MT.
Justifying that outlook, Peter Poppinga, executive director for base metals at Vale, told Bloomberg, “[i]t is about Indonesia today, everybody knows that. The ore ban is in place and it’s holding, and I think the authorities in Indonesia are very reasonable and very serious about that.”
Explaining why it will take until next year for prices to really get moving, Bloomberg states that the nickel market is still in surplus. Though that surplus is expected to decrease to 41,000 MT this year, down significantly from the 2013 total of 181,000 MT, it won’t be until 2015 that the market slips into deficit — a 36,000-MT deficit, to be specific.
Poppinga gave no word on what Vale thinks will happen with prices if Indonesia changes its mind about the ban. However, given that Saleh Abdurrahman, a spokesman from Indonesia’s Energy and Mineral Resources Ministry, has said the country has no plans to do so, nickel’s positive outlook seems safe for now...

Top Most Reason of Loosing Money in Commodities trading

No comments
Lost Money in trading

MCX Live Rates FREE Trial in MCX 

As we all are Commodity Trader, so this post is really very much important to know as well as need to understand the facts ...


If you have not heard by now, most people who trade commodities lose money. Most of the estimates range in the 80 to 95 percent range of those who have lost or who are losing in the world of trading commodities. Those statistics are dismal for someone who wants to venture into trading commodities. Fortunately, many of the losers have common traits that contribute to their losing and they can serve to help others become successful.


Here are four of the most common reasons why commodity traders lose money. If you can have the discipline to consistently overcome these common mistakes, you will put the odds much more in your favor.

Lack of Education on Commodity Trading


Many new traders do not educate themselves on how to trade commodities properly. This goes beyond learning the ticker symbols, futures margins and contract sizes of a variety of commodities. You are competing against other traders who have had the best training in the business and have been trading professionally for many years. Believe me, they will not take it easy on you. You keep score with money in this business and everyone is trying to score as many points as possible – no charity here.


At the very least, I recommend reading several good books on trading, starting with Trading By The Book by Joe Ross and Come Into My Trading Room by Dr. Alexander Elder. Don’t just read the books – implement their trading philosophies. I would also suggest learning how to trade from a successful trader. There are many professional traders available for instructing or you can take classes specifically devoted to trading commodities.

Over Leveraged Commodity Trading


Almost every small trader who ventures into commodities falls into this trap. There is huge leverage when trading commodity futures and a couple bad trades can wipeout the over leveraged trader. Fortunately, there is a simple rule you can follow to take care of this problem - do not risk your whole account on one trade. Also, do not trade a contract that is too large for your account size. For example, you shouldn’t trade three futures contracts that average a $2,000 move a day when you have a $10,000 account.

Money Management


Do not risk more than 5 percent on any one trade. Most professional money managers risk less than 2 percent on any one trade. This is tougher if you start trading commodities with only a $10,000 account. In this case you should risk no more $500 on a trade. If you want to risk no more than $500 on a trade, all you have to do is place a stop loss order $500 away from you entry. It doesn’t guarantee you won’t lose more than $500, but it is as close as you can get.
Money Lost in trading

Commodity Trading Plan


I cannot stress enough how important it is to have a trading plan in place before you begin trading commodity futures. A trading plan is your guide to how you will control your trading. It should be in writing and reviewed regularly. The trading plan should include the markets you will trade, your trading strategy, money management and even a plan to stop trading for a period of time if your account equity drops to a certain level. Trading without a plan will lead to erratic an undisciplined trading, which ultimately leads to painful losses.

Don't Forget to Share this Post with Your Friends !!
we will welcome your Suggestion in comment box below.
Check Our Related Posts Below

Latest FMC NEWS applied from 1st April : Commodity traders must read !!

2 comments
broker in commodity

NEW DELHI: Commodity markets regulator FMC has decided to levy up to 5 per cent penalty - of the shortfall in the required margin money - on members of the national commodity bourses from April 1 for failing to collect the required amount from clients.
www.mcxoperator.com
Exchanges have also been asked to put in place a suitable mechanism to enable members report collection of all margins from the
ir clients at the end of each trading day and to report short collection and non-collection on fifth day.
www.niftyoperator.com

Members, also called brokers, are required to collect the 'margin money' from clients, which is later deposited with the exchange. Margin money includes a percentage of the value of commodity that a client is keen to trade.
www.commodityoperator.com
FMC has issued fresh guidelines as the regulator has noticed several instances of non-collection and short collection of margins by members from their clients during inspection of their books of accounts.

As per new guidelines, a penalty of 5 per cent of the shortfall in margin money would be imposed on members who are repeated defaulters.

One per cent would be levied on each day if members fail to collect the margin money for more than three consecutive days after trading plus two working days (T+2). The same penalty would be imposed from the day one if initial margin is not collected.


The new guidelines will come into force from April 1. FMC said members will have to collect upfront initial margins from their clients. They are given time till 'T+2' working days to collect margins (except initial margins) from their clients.

Members are required to report to the exchange on T+5 day, the actual short collection/non collection of all margins from clients, it said.

The penalties collected should be credited to the Investor Protection Fund. The exchanges are directed to submit the report on the penalties to the FMC by the 10th day of the following month.

FMC said that incorrect reporting on collection of margin would attract members a penalty of 100 per cent of amount short collected.

Best Trading Strategies : Commodities

2 comments
trading strategy

STOCK AND COMMODITY TRADING STRATEGY

A lot of commodity traders frequently enter into the trap of not being totally sure when to pick out gains on their commodity trades. Generally they take gains too speedily and other times they hold on for a big movement and their quick gain becomes into a loss. Knowing when to move out of a trade can often be quite difficult, but there are some simple steps to pick out that will help ease this trouble.
 
The 1st matter that all traders must see is that you will never get the top and bottom of every market on every trade. In point of fact, you wont still get close. There is no such matter as perfection in trading. The perfection that a trader requires to consider is applying the principles of a trading system to the letter and keeping discipline. 

A trader must think of trading more as a game of figures and possibly not trying to enforce system of logic on the markets. The markets will do no matter what they are going to do and nonentity can nail 100 percent of the about time what they will do. Generally a technical or fundamental frame up in a market will suggest that the market will make a large movement. Generally it will and sometimes it wont. Basically because of this, a trader has to be uniform on when to pick out gains. 

For instance, say that you most of the time buy a commodity at trendline financial support on the daily charts. You might risk $ 250 per contract on each trade and you strive for $ 500 gain. After that trading for a time period, you realise the markets will sometimes move far away from $ 500 gain objective and you leave lots of money negotiable. Other times, the market moves up $ 300 and reverses. You finally get stopped out at breakeven or you continue to hold and finally take a loss on the trade. 

After that a while, it is simple for a trader to get mixed up and disappointed. After that a couple trades in a row where the market goes well past the $ 500 gain objective, the trader decides she will hold on for a $ 1000 gain on the next trade. The markets will frequently mess with your head during the time you decide to do this. Sure enough, the market makes a $ 500 move in your way and so reverses. You end up getting out at breakeven, as you didnt want to handle your stop up too tight. 

This could happen over and over again. The more than times you change your gain objectives, the bad things will become. It is best to stick with the same gain scheme. If you have a high ease that you can be successful taking $ 500 gains and $ 250 losses, then stick to it. Dont worry about a market making a $ 2000 movement and missing out on gains. That will only drive you nuts. There will always be another trade coming in the future. If you have a profit and loss scheme that works, dont mess with it. 

There is one pinch that I commend traders to do. You can assess the average daily reach over a period of time of 10 or 20 days and correct you profit end goal consequently. In time of high unpredictability, you might want to have an objective of $ 700. In periods of low volatility, you might want to lower the target to $ 350. I wouldnt make changes too frequently, but this gives you some ideas for tweaking your formula. 

It is important for a trader to stay In the Zone so to speak. This means focus on taking your little slice of gains out of the market. Dont get greedy or egotistical and think you have to get every last penny of every movement. That type of thought is what gets traders to get mixed up and second-guess their trading. It clutters up their ideas and finally gets them to generate losses.

LIVE MCX PRICES HERE




Successful And Unsuccessful People 5 important Difference

No comments

some of the biggest deviations between successful and unsuccessful people. understand five of them :. 

Successful And Unsuccessful People 5 important Difference


1. Successful people adopt change. Unsuccessful people fear it. "Adopting change is one of the hardest things a individual can do," . With the planet acting quicker and technology speeding up at a speedy fastness, it's essential that we adopt these changes and accommodate, rather than fear them, deny then, or hide out from them, he says. Successful people are able to do just that. 


2. Successful people speak about thoughts. Unsuccessful people speak about people. Alternatively of dishing the dirt specialized in people - which gets you nowhere - successful people talk about ideas. "Sharing ideas with other individuals will only make them better,"


3. Successful people admit responsibility for their losers. Unsuccessful people fault other individuals. Truly successful leaders and business people experience both ups and downs in their lifetimes and careers. But they always admit duty for their losers. Kerpen says faulting other individuals solves not anything. "It just puts other individuals down and perfectly no good comes from it.". 


4. Successful people give other individuals all the credit for their victories. Unsuccessful people take all the credit from other individuals. Letting people have their instants to shine needs them to work harder, and, accordingly, makes you look better as a leader or teammate. 


5. Successful people want other individuals to have success. Unsuccessful people in secret hope other individuals fail. "When you 're in a company with a group of people, in order to be successful, you all have to be successful," . That's why the most successful people do n't wish for their loss of life ; they want to see their workfellows win and develop. 

Other major deviations : successful people exude joy, share data and info, read every day, and continuously learn, while unsuccessful people exude anger, hoard data and info, see TV every day, and fly by the seat of their pants.


FINAL WORDS,

I KNOW THERE ARE LOTS OF OTHER MAJOR IMPORTANT THINGS IN BETWEEN SUCCESS AND UNSUCCESS BUT THESE WERE JUST VERY IMPORTANT I FELT.
YOU CAN COMMENT ON OUR COMMENT BOX IF YOU HAVE ANY SUGGESTION.


Many Thanks to our readers and followers.
Don't forget to share with your friends and realtives about this site.

we provie best operator calls in the market. our motive every single trader who associated with us should get nice profit with our superb shot operator based intraday commodity sureshot calls in mcx commodity and nifty future.



Latest Fundamental to watch for commodity Trading : Must Learn

No comments

economic calendar

A set of small -, mid -, and large cap US indices broke to new statistical levels this calendar week after shaking off a set of market-rattling geopolitical events, including Russia's appropriation of Crimea and additional derogation in the Chinese renminbi. Friday was also a triple-witching options expiry day, implying monthly stock, index, and quarterly index future options all expired at the same time. Traders can await overhang from these expirations on Mon.


The release of the FOMC's economical projects and inputs from Janet Yellen at her first press conference as Fed head have stimulated substantial volatility in interest rates. On Friday, FOMC talkers played down Yellen's comment that the Fed would begin growing its standard interest rate six calendars month after it discontinued its asset purchase programme. Next calendar week, the markets will be giving keen attending to eight addresses from various FOMC members. If the addresses were to clear up any of Yellen's inputs, they would likely be a convinced accelerator for equities. 
Next calendar week has three important economical data accounts in the US : Feb durables, personal spending, and new-home sales. Studying the harsh weather during the calendar month, there's a risk of missing prospects to the downside with all three accounts. Manufacturer prices already reported for Feb pointed to a important retardation in trade services, which ever implies that long lasting and capital goods orders for the calendar month may prove similar helplessness. Improvement retail sales for Feb rose 0.3 % month-over-month. 


www.commodityoperator.com

The third and final estimation of fourth-quarter domestic GDP will be published on Thursday. Economics expert are requiring a slight increase in the quarterly annualized growth rate due to a sizeable decrement in the current account shortfall for the quarter. Economics expert are now requiring growth will be 2.7 % in the quarter, up from the most recent government-reported estimation of 2.4 %. 
This coming Sunday, the advance estimation of China's Mar HSBC Market manufacturing PMI will be published. Basically because of the recent retardation in China's economical activity -- a dip attributed to the Lunar New Year holiday, which ever usually shuts factories for much of Feb -- it's very likely any convinced movement therein index ends up being a convinced accelerator for Chinese risk pluses on Mon. The written report will be published on Sunday at 9:45 p.m. EDT. 
Earnings season has not officially started for the first quarter, so the coming calendar week will only feature a few accounts. Companies of note include Walgreen (NYSE : WAG), Paychex (NASDAQ : PAYX), Gamestop (NYSE : GME), and PVH Corp (NYSE : PVH). 
Mon, Mar 24. 
US Economics (Time Zone : EST).

08:30 Chicago Fed - expected 0.10, prior -0.39.
09:45 Markit US Manufacture Preliminary PMI - exp 56.5, prior 57.1.
11:00 Fed to purchase $ 500m - $ 750m notes in 11 to 20-year range.
11:30 Treasury selling $ 25b 3-month, $ 23b 6-month bills. 


Fedspeak.

09:00 am Stein addresses in Washington. 
Global Economics (Time Zone : GMT). 

01:45 CNY HSBC Markit Flashing Manufacture PMI (Mar advance). 
09:00 EUR Eurozone Manufacture & Services PMI (Mar advance). 


Tuesday, March 25. 


US Economics (Time Zone : EST). 
09:00 FHFA Home Price Index (Jan) MoM - exp 0.5 %, prior 0.8 %. 
09:00 S&P CS 20-City Complex MoM - exp 0.60 %, prior 0.76 %.
09:00 S&P CS YoY - exp 13.40 %, prior 13.42 %.
10:00 Consumer Trust - exp 78.5, prior 78.1. 
10:00 Richmond Fed - exp 3, prior -6.
10:00 New Home Sales - exp 445K, prior 468K.
11:00 Fed to purchase $ 1b - $ 1.25 b notes in 22 to 30-year range. 
11:30 Treasury selling 4-week bills.
1:00 Treasury selling $ 32b 3-year notes. 

Fedspeak. 

4:00 pm Lockhart addresses in Atlanta.
7:00 pm Plosser addresses in New York. 


Global Economics (Time Zone : GMT). 

05:00 JPY Small Business Trust. xEOL .09:00 EUR German IFO Current Assessment, Expectations. 09:30 GBP CPI. 


Wednesday, Mar 26. 


US Economics (Time Zone : EST).
07:00 MBA Mortgage Applications.
08:30 Durable Goods Orders (Feb) - expected 0.7 %, prior -1.0 %. 
08:30 Durable Goods ex Transports - exp 0.3 %, prior 1.1 %. 
08:30 Cap Goods Orders Nondef Ex Air - exp 0.5 %, prior 1.7 %. 
08:30 Cap Goods Shipments Nondef Ex Air - exp 1.0 %, prior -0.8 %. 
09:45 Markit US Services PMI Preliminary - exp 5.40, prior 53.3. 
11:00 Fed to purchase $ 2.25 b - $ 2.75 b notes in 7.5-10-year range.
11:30 Treasury selling $ 13b 2-year FRN. 
1:00 Treasury selling $ 35b 5-year notes. 


Fedspeak. 

2:00 am Bullard addresses in Hong Kong on monetary policy. 
8:20 pm Bullard addresses in Hong Kong on monetary policy. 


Global Economics (Time Zone : GMT). 

07:00 EUR German GfK Consumer Trust.
07:00 CHF UBS Consumption Indicator. 


Thursday, Mar 27. 


US Economics (Time Zone : EST). 
08:30 Initial Jobless Claims - expected 322K, prior 320K. 
08:30 Continuing Claims - exp 2882K, prior 2889K. 
08:30 GDP Annualized QoQ (4Q final) - exp 2.7 %, prior 2.4 %.
08:30 Core PCE QoQ - exp 1.3 %, prior 1.3 %. 
10:00 Pending Home Sales MoM - exp 0.1 %, prior 0.1 %. 
11:00 Kansas City Fed - exp 5, prior 4. 
11:00 Fed buying $1b-$1.25b bonds in 22 to 30-year range

Fedspeak

12:45pm George speaks in Kansas City
Global Economics (Time Zone: GMT)
JPY Jobless Rate
JPY CPI
JPY Retail Sales
CNY Leading Index
09:30 GBP GDP (4Q final)
10:00 EUR Eurozone Economic Confidence

FOR MORE FUNDAMENTAL NEWS MUST WATCH

FOR LIVE MCX WATCH

FOR ECONOMIC CALENDAR click here

INVESTED IN MUTUAL FUND ?? FACING LOSSES???

2 comments

Mutual funds offload Rs 10,000 cr of shares by mcx operator

Mutual funds dealt shares worth over Rs 10,000 crore during the first 11 calendars month of the most recent fiscal year on kept salvation force per unit area. 
In contrast, they pumped in a staggering Rs 4.43 lakh crore in the debt market during the time period. 

Mutual funds offloaded Rs 10,319 crore of shares in the first 11 months of this fiscal year, according to data with market regulator Securities and Exchange Board of India. 
Fund businesses firm have been net marketers in the equity market since September, while they were net buyers of shares to the tune of Rs 1,607 crore in August. 

Mutual funds sold equities in nine of the first 11 months and were net buyers in May and August. 
The bighearted outflow in equities during this period was in October, when fund businesses firm pulled out Rs 4,018 crore. 

Besides, the quantity of leaves in equity-oriented strategies plunged by more 35 lakh due to volatility in the stock exchange

Mutual funds collect money from investors and buy stocks, admiting IPOs (primary market), and bonds. 

Market players believe that fickle stock exchange, the depreciating rupee and an uncertain interest rate regime were the factors that determined investment flow in the mutual fund industry this fiscal year. 

"During the most recent fiscal, mutual funds have seen a rise in influxes primarily due to gains in debt fund. Nevertheless, equity funds have been facing redemption pressure for some time," a market player noted. 

"Equity fund investors have been withdrawal method at higher levels of the market, indicating their lack of trust in the market's ability to sustain at these levels," he added. 

Nevertheless, analysts are optimistic about equity strategies in 2014 on hopes that a stable government after the general elections will help boost the stock exchange.

why todays Gold rate in MCX and Comex falling because of ?? : Commodity News

No comments

Gold in MCX and Comex falling because of ?? : latest commodity news

Mcx operator has proved accuracy 90 to 100% in past 8 years..
always profitable and even we have money back package too..
call us and ask to our managers what packages is best for you?

Article about MCX GOLD movement today read below

money back package in mcx


Gold prices fell more 1 % on Tuesday, as investor demand for safe haven assets declined as tensions over the political and military crisis between Russian and Ukraine eased. 
Gold extends losses following Putin comments Gold futures fall more 1 % as Ukraine-Russia concerns ease. 



On the Comex division of the New York Mercantile Exchange, gold futures for April delivery decreased to a session low of $ 1,331.70 a ounce. Prices last traded at $ 1,333.30 an ounce during U.S. morning hours, down 1.25 %, or $ 17.00. 
Gold futures rallied to $ 1,355.00 an ounce on Monday, the most since October 30, before trimming gains to settle at $ 1,350.30, up 2.17 %, or $ 28.70. 
Prices were likely to find support at $ 1,319.30 a ounce, the low from February 28 and resistance at $ 1,355.00, the high from March 3. 



Meanwhile, silver for May delivery tumbled 1.8 %, or $ 0.38 cents, to trade at $ 21.10 a ounce. The May contract ended Mondays session up 1.15 %, or $ 0.24 cents, to settle at $ 21.48 an ounce. 



Silver futures were likely to find keep at $ 21.02 a ounce, the low from February 27 and resistance at $ 21.74, the high from March 3. 



Speaking at press conference earlier in the day, Russian President Vladimir Putin said he currently sees no need to use military unit in Ukraine, but Russia has the option to do so. He added that use of military unit is a choice of pis alter. 
Putin also said that sanctions against Russia would cause mutual damage and any threats towards Russia would be counter-productive. 
Gold prices were already on the decline as the chance of military conflict in Ukraine eased after the Russian defense minister ordered troops engaged in military exercises around Ukraine's margins to return to their bases. 
Futures beat up sharply on Monday as geopolitical tensities mounted after Russia's parliament authorized President Putin to use military group in Ukraine. 
Elsewhere on the Comex, copper futures for May delivery came up 0.6 % to trade at $ 3.191 a pound, as investors looked ahead to the start of Chinas National Peoples Congress annual meeting on Wednesday. 
The latest meeting of the legislature, the first to be overseen by President Xi Jinping and Premier Li Kenning, comes amid lingering concerns over the health of the country's economy. 
The Asian nation is the worlds largest copper consumer, accounting for almost 40 % of world consumption last year.

Common errors you should avoid while investing to save tax : MCX Operator

No comments

Mistakes We Make
(Picture for representation only)

A young married couple walks into the local branch of a private bank on a cloudy, cold weekday of January. Both of them are getting late for office, but have enough time tostart a tax-saving fixed deposit (FD).
The bank executive, instead, sells them a 'better' product, whose gains are non-taxable, unlike FDs.
The product that he offers is a tax-saving plan that also gives them life cover, guaranteed returns and bonus. And guess what, they can withdraw the money after five years, when they will receive the premium along with added bonus. They think it's a good deal and write the cheque.
This story is repeated so many times every year between January and March. The ending, too, is always the same-people making costly financial mistakes while investing to save tax or declaring expenses against which they can claim tax deduction. We discuss a few such mistakes.

DELAYING TAX-SAVING INVESTMENTS:

The most vulnerable are those who consider tax saving as once-in-a-year ritual to be repeated at the end of every financial year.
The first casualty is the monthly budget, which may go haywire because of a large one-time investment. Therefore, the mantra is to plan early and invest in a staggered manner.
You can start systematic investment in a tax-saving fund or put a small amount every month in Pubic Provident Fund (PPF) or National Pension System (NPS). Both PPF and NPS allow 12 transactions a year.
INVESTING IN ENDOWMENT INSURANCE PLANS: This usually happens when you walk into a bank and seek the advice of its executives. Banks usually prefer to sell a product that gets them the highest commission, which is invariably an endowment insurance plan. So, while they receive 30-35% of the first-year premium as commission and 5% in the subsequent years, the investor earns 6-7% a year if he pays premium for the full term.
Most people do not realise that an endowment plan is a long-term product with a maturity period of 10-20 years. If you pay premium for only five years and then redeem the investment, it's likely that you will get less than even your principal. They also do not realise that a part of the endowment plan premium goes towards mortality charges and distributor commission.
All you need is a simple investment plan such as a tax-saving mutual fund or PPF, both of which give taxfree returns. For insurance, buy a term plan. The premium is eligible for tax deductible.
HAVING TOO MUCH MONEY IN FDs AND NSCs:
Another common tax-saving strategy involves starting a fiveyear FD or purchasing national saving certificates (NSC). The interest earned on both is taxed, which makes these products less attractive. Interest earned on both FDs and NSCs is taxed as per the person's income tax slab. Besides, the interest rate on tax-savings FDs is lower than what normal FDs pay.
"FDs and NSCs give post-tax returns that are less than the inflation rate," says Tanwir Alam, CEO and founder, Fincart, a financial planning company.
TAX-SAVING OUT OF SYNC WITH OVERALL PORTFOLIO:
The tax-saving investment is a subset of your overall portfolio. The two should not be viewed separately.
"Not choosing tax-saving options keeping in mind the overall portfolio is wrong. It causes imbalance," says certified financial planner Pankaj Mathpal.
For example, if your overall portfolio is equityheavy, you may want to save tax using fixed income products such as PPF.
But most investors usually have a debt-heavy portfolio due to employee provident fund, fixed deposits, endowment plans, etc. So, they can look at tax-saving mutual funds, which have 100% exposure to equity, or NPS, where equity exposure is up to 50%.
You must figure out the ideal equity-debt ratio for your portfolio and allocate funds accordingly. The equity-debt ratio of your portfolio will depend upon your age, risk appetite and financial goals.
NOT LOOKING BEYOND SECTION 80 C:
People often do know that they can save tax over and above the Section 80C limit of Rs 1 lakh. Interest on housing and education loans, health insurance premium, medical expenses, etc, are also eligible for income tax deduction. Apart from these, donations to political parties and for scientific research, rural development and government relief works are also deductible.
"While making donations under Sec 80 G make sure you are doing it to institutions approved under Section 80G of the Income Tax Act," says Kapil Narang, chief operating officer, Ameriprise India Advisory Services.

Google gives Hangouts iOS app WhatsApp-like makeover

1 comment

Google gives Hangouts iOS app WhatsApp-like makeover

Google gives Hangouts iOS app WhatsApp-like makeover
Google has reportedly updated its Hangouts app for iOS, which looks strikingly similar to rival apps Facebook Messenger and WhatsApp. The updated app includes tabs at the bottom of the screen with categories like Hangouts, Favorites, and Contacts, akin to the rival messaging apps.
According to Mashable, the new version also includes features like sending videos, stickers and location within a conversation, which was earlier not possible. The new Hangouts app has been also optimized for iPad and includes two panes, allowing users to chat on one side of the screen while scrolling through their contacts or existing Hangouts on the other.
The report said the latest change to Google's Hangout reflects the heightened expectation that mobile users have regarding their messaging apps, especially in light of the recent multi billion-dollar purchase of WhatsApp by Facebook. 

Warning: Stocks Will Collapse by 50% in 2014

No comments
It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts.

“We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it."

Unfortunately Spitznagel isn’t alone.

“We are in a gigantic financial asset bubble,” warns Swiss adviser and fund manager Marc Faber. “It could burst any day.” 

Faber doesn’t hesitate to put the blame squarely on President Obama’s big government policies and the Federal Reserve’s risky low-rate policies, which, he says, “penalize the income earners, the savers who save, your parents — why should your parents be forced to speculate in stocks and in real estate and everything under the sun?” 

Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well. The “Warren Buffett Indicator,” also known as the “Total-Market-Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment. 

So with an inevitable crash looming, what are Main Street investors to do?

One option is to sell all your stocks and stuff your money under the mattress, and another option is to risk everything and ride out the storm.

But according to Sean Hyman, founder of Absolute Profits, there is a third option.

“There are specific sectors of the market that are all but guaranteed to perform well during the next few months,” Hyman explains. “Getting out of stocks now could be costly.”

How can Hyman be so sure?

He has access to a secret Wall Street calendar that has beat the overall market by 250% since 1968. This calendar simply lists 19 investments (based on sectors of the market) and 38 dates to buy and sell them, and by doing so, one could turn $1,000 into as much as $300,000 in a 10-year time frame. 

Editor's Note: Sean Hyman Reveals His Secret Wall Street Calendar in This Controversial Video, Click Here

“But this calendar is just one part of my investment system,” Hyman adds. “I also have a Crash Alert System that is designed to warn investors before a major correction as well.”

(The Crash Alert System was actually programmed by one of the individuals who coded nuclear missile flight patterns during the Cold War so that it could be as close to 100% accurate as possible). 

Hyman explains that if the market starts to plunge, the Crash Alert System will signal a sell alert warning investors to go to cash. 

“You would have been able to completely avoid the 2000 and 2008 collapses if you were using this system based on our back-testing,” Hyman explains. “Imagine how much more money you would have if you had avoided those horrific sell-offs.”

One might think Sean is being too confident, but he has proven himself correct in front of millions of people time and time again. 

In a 2012 interview on Bloomberg Television, Hyman correctly predicted that Best Buy would drop down to $11 a share and then it would rally back up to $40 a share over the next few months. The stock did exactly what Hyman predicted.

Then, during a Fox Business interview with Gerri Willis in early 2013, he forecast that the market would rally to new highs of 15,000 despite the massive sell-off that was haunting investors. The stock market almost immediately rebounded and hit Hyman’s targets.

“A lot of people think I am lucky,” Sean said. “But it has nothing to do with luck. It has everything to do with certain tools I use. Tools like the secret Wall Street calendar and my Crash Alert System.”

With more financial uncertainty that ever, thousands of people are flocking to Hyman for his guidance. He has over 114,000 subscribers to his monthly newsletter, and his investment videos have been seen millions of times.

In a recent video, Hyman not only reveals the secret Wall Street calendar, he also shows how his Crash Alert System works so that anybody can follow in his footsteps (click here to watch it now).