Whenever investment comes to mind, people think of real estate and stocks. But, these days, buying argyle diamonds are in huge demand for investment purposes. In recent times, coloured diamonds have seen a tremendous rise in popularity because of its lucrative nature. Still, many investors are confused whether they should make argyle diamond investments or not. [Read more…] about A Guide – What Makes Buying Argyle Diamonds Worth An Investment?
Investing
Double Benefit Of Tax Saving Investments
Coming April the tax saving benefits for both the salaried along with non – salaried a tax payer would have saved tax saving options for the coming fiscal year. From the point of view of an investor they should not only look to save tax but try to generate tax free income. In your quest to obtain the right tax saver mechanism, you need to figure out how returns are expected to be taxed. If any income earned appears to be taxable, then the taxes are expected to eat on to your returns. For example tax free mutual fund does seem to be one of the options of investment. Below are some of the options that will not only help you save tax but help you generating tax free income.
Public provident fund
For a long time since 1968, public provident fund has worked out to be the favourite savings option among investors and still stands tall. You can open a PPF account in your own name or in the name of a minor. The minimum amount of money you can keep in this account is Rs 500 and in a financial year it is 1 lakh 50000 maximum. This would be a combination of you along with the account of a minor.
Basically this is a 15 year scheme that can be extended in 5 years slab. At a bank branch or a post office you can open this account. In case of a few banks it can be opened via an online source. A person of any age can open a PPF account. Even if someone has an EPF account they can open a PPF account.
Provident fund for employees
For salaried employees this presents not only an option to save taxes but generate tax free corpus. Towards an EPF account an employee goes on to contribute 12 % of their basic salary. An employee also puts their share but only 3.67 % goes on to the account.
Unit linked insurance plan
This replicates to be a hybrid product offering a combination of savings and protection. Not only life insurance is provided but it also provides a channel where you evolve your savings on to market linked investments. This helps to take stock of your long term goals.
In most of the ULIPs there are 5 to 9 investment options and normally it can have a period of 10 to 15 years. But the standard lock in period is 5 years. If you exit the policy after 5 years the amount is tax free. In between if you go on to switch the holding period between operations it is also exempt from tax.
A point to consider ULIP might not work for all investors. For any investor who is comfortable and adept in managing the ELSS schemes and at a parallel level holds an insurance plan, there is no need to opt for a ULIP. The mind set of investors to invest in ULIP would be to look at funds in the next 10 years.
Finding Your Niche
It is unlikely that there will ever be an investment that is right for everyone. [Read more…] about Finding Your Niche
Sovereign coins – reasons for the fascination
There are various essential coins present today that collectors like to attain. The most popular kind of coin is sovereign coins. Gold sovereign coins are those coins that introduced around 500 years ago and persist to be manufactured today. It is the sovereign coins’ attractiveness and their fascinating history that attracts people. From the time when sovereign coins were initially casted in the United Kingdome in 1489, during the supremacy of Henry VII, people have been mesmerized by these coins.There are various reasons for the fascination of these coins. This article will discuss all the reasons for this attraction.
The first and foremost reason is the temptation of gold. Certainly this is hardest thing to understand and explain, but people are engrossed to gold moderately like a squirrel is engrossed to shiny objects and accumulates them to line its nest. From the earlier times gold has fascinated human being like a magnet.Moreover, gold investment is one of the best investments that a person can ever make. One feasible explanation is its extraordinary color and luster. Another reason is its softness which makes it simple to work into complicated pieces of jewelry.
During tumultuous economic periods or times of political disturbances, gold has in current history been considered as a secure location to accumulate wealth. There are various stories of human beings implanting sovereign coins at the back of the door post of their homes so that when problem blows over, whatsoever destiny has done to their jobs or wealth, they won’t have lost all.
Numismatists or coin collectors are not the only the human beings who accumulate sovereigns for their scarcity value. If you are planning to buy gold then you need to do a little research as they are not very easily available coins. However, you can go online and search for a gold dealer who deals with sovereign coins.
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The Article is written by physicalgold.co.uk providing Sovereign Coins and Bullion Gold Investment. Visit http://www.physicalgold.co.uk for more information on physicalgold.co.uk Products & Services
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Gold sovereign coins
A sovereign coin is a gold coin which was originally issued in 1489 for Henry VII of UK and still in manufacture as of 2010. When these coins were initially introduced coins were 96% gold, which means coins were 23 carats. However, Henry VII lowered the content of gold to 92% or 22 carats.
It receives the name sovereign because that initial gold sovereign demonstrated a photograph of the kind accommodated on the throne. The sovereign was mainly an authorized piece of gold with no blotch of cost anyplace on the coin itself. There are various websites available on the internet that provides large selection of such coins for sale at amazing costs. The sovereign coins provide an amazing way to invest your cash into gold coins. These coins are considered as good gold investment because they always keep the worth of the gold content, which may differ, and some numismatic worth to coin collectors.
These coins are popular all across the world as the most standard gold coins; they include less gold than the Krugerrand which includes a full ounce of gold, which makes these coins more liquid, or in simple terms easier to sell. Silver, gold and other valuable metals have been considered as a store of wealth, because its shortage and worldwide recognition as a unit of expense mean that it can never go out of trend.
From the earlier times, gold investment has been considered as one of the major investments. Gold is not only used as jewelry but it can be used in tough times of life. One of the major problems with these coins is that they are not very easily available. However, a reliable gold dealer can provide these coins at reasonable cost. It is always recommended to buy gold from a reliable source.
About Author
The Article is written by physicalgold.co.uk providing Sovereign Coins and Bullion Gold Investment. Visit http://www.physicalgold.co.uk for more information on physicalgold.co.uk Products & Services
___________________________
Copyright information
This article is free for reproduction but must be reproduced in its entirety, including live links & this copyright statement must be included. Visit physicalgold.co.uk for more services!