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  • Olm Page82 20101215

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    OutlookMagazine
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    Rates for FDs, where you have parked your retirement money, are going up, but far slower than the price rise. Avoid premature redemptions in FDs to migrate to a higher paying FD, since you are likely to be a net loser. Try increasing your savings as much as possible to offset inflation.

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    Rates for FDs, where you have parked your retirement money, are going up, but far slower than the price rise. Avoid premature redemptions in FDs to migrate to a higher paying FD, since you are likely to be a net loser. Try increasing your savings as much as possible to offset inflation.

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    244 vues1 page

    Olm Page82 20101215

    Transféré par

    OutlookMagazine
    Rates for FDs, where you have parked your retirement money, are going up, but far slower than the price rise. Avoid premature redemptions in FDs to migrate to a higher paying FD, since you are likely to be a net loser. Try increasing your savings as much as possible to offset inflation.

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    Attribution Non-Commercial (BY-NC)
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    sur 1

    SUNNY’S

    MONEY SHRINKING PIE STORYBOARD SIDDHARTHA SARMA ILLUSTRATION ANIRBAN BORA


    CONCEPT UDAYAN RAY

    Sunny’s father gets a shock each time he buys a gift for his
    grandson or plans a purchase: his fixed deposit savings just can’t
    keep up with inflation. But Sunny has ideas...
    At the toy shop Are you telling me that the price This high inflation is making life difficult
    of this game has gone up by for a retired man like me. I am forever
    `150 since I checked it three falling short of money, be it vegetables or
    weeks back?!! my grandson’s birthday gift.

    I also get confused. Every time


    You are right. Rates for FDs, where you I invest in an FD, a few days later I
    have parked your retirement money, are find some other bank is offering
    going up, but far slower than higher rates.
    the price rise.

    Maybe you shouldn’t put all the


    money in one place, but rather invest
    in FDs over time, so that you get the
    benefit of rising rates.
    Yes. Our neighbour, Ramesh
    Babu, is smartly putting away some
    of the money he doesn’t need
    right away in large-cap funds and No, not a candle but ice-cream
    Yeah, inflation is sure like melting! Ice-cream!!! Granddad,
    MF monthly plans. a bright fire melting the can I have one please, please?
    candle of money.

    Next tim
    e:
    TAXING
    TIMES
    Ms SINGH’S MONEY TIPS QUIZ
    ● In times of high inflation, stagger your fixed income investments, such as FDs. What is the interest rate on Public Provident Fund?
    ● Avoid premature redemptions in FDs to migrate to a higher paying FD, since (a) 7.5 per cent (b) 8 per cent (c) 10 per cent
    you are likely to be a net loser. (d) 12 per cent (Answers in the next issue)
    ● Try to increase your savings as much as possible to offset inflation. Answer to the last quiz question:
    ● The risk-averse could invest money not required in the near future in index funds. (D) UNIT TRUST OF INDIA

    http://twitter.com/OutlookMoney; http://www.outlookmoney.com/Facebook/financialplanning editor@outlookmoney.com

    [ 82 ] O U T L O O K M O N E Y 1 5 D E C E M B E R 2 0 1 0

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