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Features and Advantages of National Pension System

The National Pension System is an institutionalized investment fund activity by the Central Government. This system is accessible to representatives from the private, open, and chaotic areas. The plan supports individuals for putting resources into annuity account at standard interims during their work. After retirement, they can take out a particular level of the amount. As an NPS account holder, you will get the remainder of the whole as a month to month annuity benefits post your retirement.

Features and Advantages of National Pension System

a) Liquidity and adaptability through two diverse accounts

The National Pension System permits people to make systematic ventures through both of the accompanying accounts. Account opening with the National Pension System is trailed by the age of a remarkable Permanent Retirement Account Number or PRAN given to every user. Funding the management, including contributing to the scheme is done by means of PRAN.
Tier-I account
Tier-II account

The former account is like a pension account and withdrawals from it are dependent upon explicit limitations. An individual can open this record with a deposit of minimum Rs. 500.
Concerning Tier-II accounts, they are voluntary records giving liquidity of assets by means of investments and withdrawals. The minimum deposit for a Tier II account is Rs. 250. However, investments made in Tier-II accounts qualify only when an active Tier-I account exists in the name of the subscriber.

In this manner, according to the National Pension System, people can invest into the National Pensions Scheme with PFRDA-designated mediators by means of the two accounts listed earlier. These mediators can incorporate –
Trustee banks
Annuity Service Providers
CRA or Central Recordkeeping Agency
NPS trust
PoP or Points of Presence

b) The flexibility of investment through two different alternatives

Subscribers can decide on both the below-mentioned investment options
· Auto Choice
It is accessible as a default for subscribers according to the system. Fund investments under this are consequently by a manager appointed.
· Active Choice
Under this choice, people are allowed to settle on asset classes in which to invest their assets. Additionally, they can designate various rates of contributed of the half for Asset Class E or Equities. Other Asset Classes incorporate Class C, i.e., Corporate Debt Securities and Class G or Government Securities.

c) Option to make a fractional withdrawal

It gives people partial accessibility to their assets spared throughout the years, subsequently permitting them to address money related issues before retirement during crises.

According to the standards in regard to incomplete withdrawal, a can make withdrawals of their Tier I up to a maximum limit of 25%.
Withdrawals are, however, subject to the accompanying conditions.
Contributions up to at least 10 years must be made for the partial withdrawal facility to apply.
Also, there needs to be a gap of 5 years between two back to back withdrawals.

With such advantages and features, the National Pension System is a highly beneficial scheme that lets you develop a significant fund for the post-retirement phase of your life.
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"Don't Worry About Money While Traveling" Is Terrible Advice
Travelers and stuck at home Wanderlusters alike have all heard this phrase, "Don't worry about the money, its about the experience." Well, I am here to tell you that that advice is kind of bullshit. Don't get me wrong, traveling is worth dropping the money, and trust me you will drop money. But taking the spending cost out of the equation will not only leave you completely broke with no hopes for a future trip, but it will also ensure that you will not get the full experience of your travels! Traveling costs money. You have to pay for flights, hostels, food, transportation, tours, city passes, clubs, drinks and every other activity you feel the need to buy or experience aka hang gliding in the swiss alps. And while this is all 100% doable, (people do it all the time), smart travelers are aware of the minimum amount they need to spend, and then factor in more money on top of that for the issues that are bound to arise during the trip. This way they know exactly how much to save and ways to budget money before getting on that flight. Having a set amount of money that you plan on spending means you can figure out just how long your trip can be without having to struggle to pay for simple things like getting on a train or buying a round with your new friends that you met at the hostel. Because trust me you don't want to spend your whole trip worrying if you can spare the 4 euro to buy a drink for your roommate. Heres what will happen if you take this terrible advice: You will run out of money. I have heard of some peoples trips being cut short, or they had to move to crappy but cheaper hostels, or they couldn't even do stuff like the Heineken Experience because they couldn't pay to get in! Yes there are free walking tours and you can explore yourself for free, but seeing only the outside and not paying the money to explore further is a half hearted attempt at traveling. Actually, this means you are wasting all this money to experience only the first layer of the countries experience. The best thing you can do is be honest with the amount you believe you are going to spend and try to stick to it. Pay attention to the money, because you need to it fully experience traveling. But then again, don't let the money control your trip because you will figure out some creative ways to save what you have! So yes, you will be spending a decent chunk of change....but its worth it as long as you're smart about it
This Porn Site Wants To Pay Your Tuition.
College guys have been supporting the porn industry for years, and now one such website wants to give them something back. Popular porn site (or so I've heard) PornHub is offering a $20,000 PornHub Cares scholarship for college students displaying leadership and community involvement. Eligible students must be 18 or older, have a 3.2 GPA or higher, and be enrolled in the Fall 2015 semester. Apparently, all applicants must send in a two- to five-minute video and an essay answering the question, "How do you strive to make others happy?" If you're thinking of making THAT kind of two- to five-minute video, then think again. According to Pornhub Vice President Corey Price: "You don't have to film a porn to be a winner. In fact, anyone who submits a sex video will not be seriously considered. If you're against pornography and an anti-pornography crusader, this is probably not the scholarship for you." For some pretty obvious reasons, there's been some backlash, particularly from national women's groups who feel the scholarship has its heart in the wrong place. A statement released Dawn Hawkins of the National Center on Sexual Exploitation comments that the scholarship is: " amazing and deceptive marketing tactic that aims to exploit financially struggling female students. It's really unfortunate we're forcing our kids to sell their bodies to get an education." How do you guys feel about the PornHub Cares scholarship? Would you apply for aid from such a controversial website? Or is tuition money simply tuition money at the end of the day? Personally, I don't know if I'd be comfortable seeking out a scholarship from a porn site, but I wouldn't judge anyone who did. Money is money, after all. And, realistically, it's nice to see a stigmatized billion dollar industry work to turn a new leaf.
The need for National Pension System (NPS) across India
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What is Financial Planning with Robert Snow of Morgan Stanley
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5 Ways To Control Your Spending
Hello, my name is Tess, and I am a shopaholic. ...This is the part where you say, "Hi Tess." Anyway, I've learned, over the past few months, that controlling your spending can be extremely simple. I've saved a few thousand dollars, and I will tell you how! 1. Budget by week. What I've been doing is taking out around 250 to 350 dollars per week. This way I have a finite amount of money to spend. Keeping track of your expenses by week will enable you to keep a tight hold on your 2. Use Cash Using cash will enable you to see the money leaving your hand. This will encourage you to spend less. It's just a fact of life. If I can see the money going...I won't want to spend it. 3. Leave your Debit card at home. This way you're not tempted to take out more money, or overpay for things. If you have unlimited funds on you at all times, you're not going to want to save, at least, that's what I always thought. Be hard on yourself, and hold yourself accountable for each penny. 4. Make lists NEVER go to the grocery store without a list, this will help you stick to your guns and not end up buying unnecessary stuff. It's liberating to make sure that you can help yourself accountable. It's all about responsibility here! 5. Tell yourself every day what saving can do, buy or set up for you. You are the master of your financial destiny, if you want to be able to say that you're responsible, you've got to take ownership of your money. I guess, me starting to save was a decision of necessity. When you start your life, all of the financial crippling starts to become real. Student loans, rent, car payments and more. You will save when you have to. Better to start now! So there you go! Get out there and make your fortune :)
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Choosing a credit card is almost an inevitable challenge for any modern person. One needs it for different reasons; the question is how to make the right choice. However, it is easier to say than do. There are so many options on the market to choose from and they offer various kinds of rewards. So it is very hard to pick the right side without competent advice. If you are not sure, you need a credit card, try online payday loans no faxing. But choosing a credit card, read answers for all the questions below. Understanding, what are you exactly looking for, is a key. The best card is supposed to simplify its owner's life. They are all about the outspoken solutions, which save time, money, and efforts. We'll show a little example to clarify the matter. When one person travels a lot, getting a reward card brings out a lot of benefits. He will spend the money anyway, so why not to use an occasional free perk. In this case, searching for a credit card with a strong sign-up bonus system is recommended. It allows earning free flights and getting extra points to spend on traveling. The card for the specific needs and requirements is precisely what you need. So here are the roadway markers on the map to success. Find the Great Perks When it comes down to the credit card choice, most of the people devote much of the attention to the cumulative points system. However, non-points benefits may turn out as helpful advantages, although, they don't seem significant at the first gaze. People tend to undervalue them, but it is the wrong strategy. Non-material things like checking in luggage for free or charge less lounge access. These exact benefits make the most out of the actual experience. Many cards also include money-saving perks like travel or car insurance. Customers need to find out, which things are essential to them. How can you do it? Just take into consideration the spending patterns. Analyze them carefully and adjust to their needs. If you often fly abroad, get a credit card that minimizes foreign transaction fees. If you prefer a comfortable flight with the food and drink alternatives, then, probably, it would be reasonable to get an airline credit card. It is just as simple as this, knowing what the great necessities are and going for it without spreading yourself too thin. Keep It Secure You may not consider security to be a perk. Still, here is a thing - security troubles are pretty costly and disturbing. Nearly half of the credit card holders admit that safety is one of the most important factors for rewards card shopping. The majority of the companies offer a standard service package, nevertheless, it is better to look further than that. Some issuers suggest taking an extra safeguard. They offer services like notifications of the mobile app or real-time tracking of the purchase. In this way, any unauthorized order won't go unnoticed. Don't Get It Too Complicated It is often easy to get lost in the praising and detailed descriptions of the services. Mostly, it is always better to keep it simple. Having one simple program is worth a few more complicated rewards plans. As with life, a little goes a long way. To be specific, a simple goes a beneficial way. Signing up for the rewards credit card requires some time and effort, but it is absolutely worth it. One has to pay the annual fee, of course, but the benefits are great.
CFD Trading Order Types: Market Order
Each CFD trade consists of certain types of trading orders each of which stands for performing a certain action and their combination helps to realize a complete trade. The most popular types of orders that form an indissoluble part of each contracts for difference trade are the buy order and sell order. Thus at least two orders are required to make a trade; the one to enter the trade and the other or to exit the trade. If a buy order is used to enter the trade then the sell order will be necessary to exit the CFD trade, and naturally vice versa. So that if you expect to price increase you will correspondingly use buy order to enter the trade and sell order to exit the trade. In case of short trading you first will need to apply sell order as you see the price falling down and then buy order to exit the trade. However, CFD traders are not constrained to only these two types of trading orders. The availability of various types of orders that they can use in different combinations to perform their trade helps to organize the trade and have better results. Unfortunately, not all traders fully realize the importance of trading orders and because of their vague knowledge avoid using them. Below and in the next parts of the article it will be clearly explained to you the essence of each trading order and its usage peculiarities. Market Orders Traders and investors use market order to immediately buy or sell an investment at the current best price. However, market orders do not always get filled at the exact price that the investor would expect. Like, for example an investor would set a market order when the best price is 1.2955 but because of other orders’ getting filled first it might get filled at 1.2957. Those investors who assertively want to use this order are ready to take a risk to get a slightly different price. A market order usually has low commissions. While using market orders on stocks with a low average daily volume you should be careful since in such terms the ask price may exceed the current market price. This means that you may pay a lot more in CFD commission than you have expected.
Legos Are Now Worth More Than Gold.
Looking to invest your money somewhere safe? Well, you might want to head to your local toy store. According to a recent report in the UK's Telegraph, financial analysts are beginning to suggest that - when it comes to turning a profit - Legos are the new gold. Within the past 15 years, the FTSE 100 - an index of 100 companies on the London Stock Exchange - has increased in value by roughly 4.1%. And while gold investments have seen an increase 9.6% annually, LEGO sets kept in pristine condition have surpassed them with a 12% increase on average. Bottom line? Legos are an investment that packs one serious return. So what kind of LEGO sets should you be investing in? According to avid collector Ed Maciorowski (seen right, with lots of Legos), the money is in franchise picks - movies, TV shows, and even more specific product lines within the LEGO brand: "The neat thing is that all sets are retired at some point, and several hundred are retired each year a movie run ends, a licence expires or the Lego company wants to refresh its range. That means anyone with a set at home – large or small, it doesn't matter – could have quite an investment on their hands if it's in good condition, as this stuff appreciates very well in value." The most coveted LEGO set, for example, is the 2007 Ultimate Collector's Millennium Falcon - which originally retailed for $500 and currently goes for over a cool $4,000. However, financial analyst Laith Khalaf warns that 'trendy' investments come with much more risk than more traditional options: "The returns from Lego look pretty awesome, but investors need to beware that the value of collectibles can be vulnerable to fads. There’s absolutely no harm in buying some pieces as a hobby, and you may well make some money, but as a main building clock for your retirement, I would suggest sticking to more traditional shares and bonds." So what do YOU think? Would you take the risk of investing in LEGO sets, or would you stick more traditional options like gold? Let me know in the comments below, and for more WTF news, follow my WTF Street Journal collection!
How NPS benefits people and how you can open its account
NPS or the National Pension Scheme is a social security initiative. This program is open to all the employees whether they work in private, public or any unorganized sector. With this scheme, people are constantly encouraged to invest in a pension account till they are employed. NPS Benefits to people · Returns/Interest NPS Benefits are that it offers returns that are greater than other tax-saving investments. Its been long since this scheme has been in effect. It has till now delivered 8-10% returns, annually. · Tax efficiency – NPS tax benefit You can get a deduction up to Rs. 1.5 lakhs that is to be claimed for NPS for your as well as the contribution of the employer. 80CCD (1) covers the self-contribution, which is a part of Section 80C. The maximum deduction that can be claimed is 10% of the salary. 80CCD (2) covers the employer’s NPS contribution, which is not a part of Section 80C. This does not benefit the self-employed taxpayers. You can claim any additional self-contribution (up to Rs 50,000) under section 80CCD(1B) as NPS tax benefit. NPS, therefore, allows a tax deduction of up to Rs 2 lakh in total. · Withdrawal Rules After 60 years of age Conflicting to common belief, you cannot withdraw the entire amount of the NPS scheme just after you retire. You need to keep 40% of the amount aside, compulsorily in order to receive pension regularly from a PFRDA-registered insurance firm. The rest 60% of the amount is tax-free. · Early Withdraw and Exit rules As per the NPS scheme, its very important that you keep investing until the age of 60. If you have invested for at least 3 years than you can for certain purposes withdraw up to 25%. The reasons for these withdrawals can be your child’s marriage, higher studies, medical treatment for self or family, buying/ building your own house. You can withdraw about 3 times in 5 years. These restrictions are only for tier I accounts and not tier II accounts. · Equity Allocation Rules The NPS invests resources into various plans, and the Scheme E of the NPS puts resources into equity. You can designate a limit of half of your speculation to values. There are two alternatives to put resources into – auto choice or active choice decision. The auto choice chooses the risk profile of your ventures according to your age. For example, the more established you are, the steadier and less hazardous your investments are. The dynamic decision permits you to choose the plan and to split the investments. · Changing the Scheme or Fund Manager With NPS benefits, you get the provision of changing the fund manager or the pension scheme if you aren’t happy with their performance. This option is available for both the accounts: tier I and tier II. NPS is a good scheme for all those who plan to retire early and have a low risk-taking appetite. A regular income during the retirement years is always a help to people especially those who are working in the private sector.
Some Rules of Successful Trading
It is important to understand according to what fundamental reasons the position should work and then check it from the point of view of technical analysis. Only then you can start performing operations. Act on the side of strong people. You should always be on the side of winners and those people, who pay more. Sell things, which demonstrate serious signs of “weakness” and buy those things which have serious signs of “force”. Your task is not to buy low and sell high, but to buy high and sell higher. You may not know that existing price can be low for the moment. But you can make a conclusion about the tendency. If price grows it is better to buy or not to trade. Of course if the price drops it is better to sell or not to trade. Remember, that market can act “illogically” longer than you can maintain solvency. The market’s actions are not always grounded scientifically, as some theorists say. Don’t make hasty conclusions in turning points of market work. Your conclusions during turning points are incorrect as a rule. Though, your reasoning as a rule is true, when a turning point has happened. When you see that there is a great moving in some of directions just wait a little more. Patience is the best helper in this case. You should try to buy (or sell) in the first day of market “breaking”. “Breaking” in some of the sides speaks about the start of “heavy” movement. Add to the existing position on the third day after “breaking” if the market didn’t “turn”. Increase “volumes” and act aggressively during successful cycles and reduce volumes maximum when you have no fortune. It is important to understand that there are fortunate and unfortunate cycles in trading. Never add to losing position. It is illogical to do that, because market says that you are wrong. Try to ease the system of your “technical analysis”. Complex systems trouble the decision making process. It is important to learn to wait the market return for 50-62% after long or strong moving in one direction. If you were late to use the start of strong moving there is a sense to wait for return and then start to act. Remember that “crowd” is usually wrong. In the world of financial speculations it is important to understand the “mass psychology”. It is sometimes even more important than the economics understanding. Independent Investor for more trading ideas.
9 Ways To Survive Being Broke
It's not easy to make money and keep it, and in your early twenties, when you're working for lower salaries and paying off college worth can be non-existent. Have no fear, because there are a few ways you can survive being broke, and even have a little fun too. 1. Get a mobile banking app Okay, this may seem like a nightmare, but always knowing how much money you have will come in handy It'll save you those inevitable, embarrassing "I'm sorry your card was declined" conversations, and it'll make you more aware of your current money situation. 2. Calculate how much you can spend per/day to stay above water. For instance: If I have 400 dollars in my bank account (after transportation, utilities, rent etc...) for living expenses to last three weeks, divide 400 by 14 to get 19.4, which means, by averaging things out you have around 20 dollars/day to spend before you run out of money. It's bringing consciousness to your spending, and can help when things get really tight. 3. When at the grocery store, never buy name brand anything. This is an extreme tactic, but it will cut your grocery bill by at least 20 dollars, just because you're going generic. Things like peanut butter, bread and juice can be spared. If you can't tell the difference, why not save the money? You can splurge for things you really love, but if you can ditch the name brand stuff, your wallet will thank you. 4. Challenge yourself to not to spend money at all. I did this for a while in college and it ended up saving me a lot! When things got tight, I'd give myself a little tally mark in my agenda for every day I didn't spend any money. It helps with progress and gives you a physical track to follow your habits. If you haven't guessed, lots of these tips are just based on consciousness of how much money you actually have. 5. Know when things are priced at their lowest, and NEVER pay full price for anything. You can google what stores put what things on sale, and when. So when you plan a big shopping trip where you have to buy an entire wardrobe for like...200 dollars, check out where you are going, and when the big sales are. If you get suckered into paying full price for something while you're feeling a little more wealthy, you'll pay for it later if you're broke, so always be conscious of if a purchase is realistically in your budget. 6. Avoid credit cards like the plague. If you're broke, applying for a credit card will be tempting, I'm sure you're like "Oh! They gave me a 500 dollar limit? I'll just make my purchases with that, and worry about it later." Don't. You'll end up paying 3 times as much because you'll run them up and never pay them. If you're broke, you don't have enough money to deal with fees and hassles, so just save yoruself the trouble and tough it out. 7. Evaluate what you really need, and what you can live without. Do you really need Starbucks today? Do you really need that candy bar? We make innocuous purchases that end up seeming pretty useless after we're left without enough money to live off of. If we calculate one 5 dollar cup of coffee per every work day (or god for bid two), we end up spending 25 dollars / week ON COFFEE ALONE. That's a lot! So just by putting things into perspective, you can really start to save yourself money, and also survive! 8. Happy Hour Only Buying drinks adds up. You can spend 50 or more in one sitting without realizing it. In order to avoid this, hit up a happy hour, where things are half priced. If that's not in the works, then you definitely need to buy your own alcohol, and drink at home before going out. Or...stop drinking and just save the money. It's not as fun, but being broke never is! 9. Long term: figure out what your money habits are, where you fail at saving, and put better choices in motion to conserve for the future! We don't always keep track of our money, spend it wisely or have the jobs to support the lifestyles we want, but with a little consciousness, some faith and some discipline we can put the steps into place to get better at the money thing! Also, remember, money isn't everything. You can have fun for free doing lots of things, so look up free events in your city and have a ball. Keeping it together is all about perspective.