Why you should ignore investment advice from friends and family

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THE ECONOMIC TIMES Tue, Aug 01, 2017 | 06:33 AM IST ET Wealth Newsletter

WHAT'S HOT #Tax Filing, #RERA, #sukanya samriddhi yojana calculator, #income tax,#tax filing,#critical illness,#taking a personal loan,#tax saving

Why you should ignore investment advice from friends and family Several studies in the field of behavioural finance show that peers can influence our asset-buying decisions. Free advice can do more harm than good. How to file income tax return for FY2016-17 From checking Form 16 to calculating taxable income, here is all the information you need to file your income tax return for FY2016-17 Filed your income tax returns? Tax notices that you may get and how to deal with it Here are some sections of the IT Act under which you can get a tax notice. ET Wealth tells you what to do if you get one. The best investment advice in 87 words Savers who don't understand investing don't know how to tell good advice from bad. So why not listen to a cartoonist for a change. From our Partners Leadership 2.0- Sculpting leaders of tomorrow for a new financial paradigm The Financial Sector needs new leaders! From our Partners Have Rs. 500 in your Account; Invest in Mutual Funds now with ET Money A complete investing solution for smarter generation; Invest in Mutual Funds, Manage Expenses & Buy Insurance online Will metal company stocks continue to outperform? The Nifty Metals Index has surged 11.6%, even as the Nifty 50 jumped 4% during the same period. Is the buoyancy likely to sustain? 5 stocks that pushed Nifty to 10,000 mark in 2017 ET Wealth looked at where Nifty would be if these five stocks were not included in its computation. Together, they have added 863 points to the Nifty this year. 5 tips for last-minute travel deals If you've been too busy to book a holiday for the long weekend in August, here are some ways that can help you secure a good deal now. 7 smartphones to look forward to this August The Indian smartphone market is expected to witness multiple smartphone launches in August. ET Wealth profiles some of the most interesting ones out of the crowd.

Financial Calculators Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

5 smart things to know about modes of filing income tax returns One can take help of the IT department appointed tax return preparers to prepare and file income tax if one finds it difficult to do so. How to schedule future transactions in mutual funds Instead of carrying out the transaction on the date of cash flow or expense, it is now possible to set up the transaction in advance online. Why some wealthy people find it difficult to spend money Wealthy people suffer from insecurity about money but sensible asset allocation and cultivating a giving attitude can help them enjoy their wealth. Here's how your money matters will be impacted if financial year ends on Dec 31, 2017 If the current financial year ends on 31 December, the basic exemption and deduction limits under various sections may be reduced on a pro rata basis. How should one invest in a rising equity market? Market is expected be volatile and if one staggers investments, one may be able to buy at lower levels, a sort of a natural hedge against volatility. Which online money transfer method will suit you? Find out How do you decide which digital payment to opt for? Here's help to find what suits you best. Sovereign gold bonds to be available on tap, rules revised The government has increased the annual investment limit in Sovereign Gold Bonds from 500 g to 4 kg. 83% retail investors invest directly in stocks, only 57% invest in MFs: Survey A survey by Geojit reveals that a larger percentage of millennials, in the age group of 20-30, is willing to take risks to earn higher returns. Family Finance: Nilajkars need to speed up their investments to reach financial goals The Belgaum-based Sunil S. & Kaveri Nilajkar will need to raise the equity exposure in their investments if they want to reach their goals. Stock pick of the week: What makes Mahindra CIE analysts' favourite Focus on growth, improved profitability, diversification of client risk, growth opportunity in India has made Mahindra CIE analysts' favourite. Tax Optimizer: NPS, rejigging salary structure can help Jain cut tax by nearly Rs 1 lakh Jain can reduce the tax outgo by asking his company to offer a few more tax-free allowances, such as LTA and reimbursements of telephone and newspaper bills. What makes Principal Growth Fund a worthy candidate in the flexi-cap mutual fund category The portfolio is heavily diversified as a result of a conscious approach to distribute risk thinly across stocks with lower market-cap. Deliver flats to 1.5 lakh buyers on time or face action, Yogi Adityanath warns Noida builders "My government's experience of the last four months has been that there is a big issue between the builders and buyers in the state," he said. Startup CogniCor is improving customer engagement efficiency via virtual assistants "Our projections indicate that we will clock Rs 7.5 crore by end-2017," Sindhu Joseph, Co-founder and CEO, CogniCor Alternative investment returns monitor: For the week ending July 26, 2017 The scope and attractiveness of alternative investments is increasing. Here's a weekly tracker of returns from such investments.

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