Tag you’re it!!

Ushus tagged me for this elevenesque task and its been ages I did a tag… this one I think I must do… it looks interesting and plus my blog is re-born these days and there is new vigor all around

the tag is called  Tag you’re it!!

The Rules:

1. You must post the rules.
2. Answer the questions the tagger set for you in their post and then create eleven new questions to ask the people you’ve tagged. (That’s a toughie ) I second Ushus there
3. Tag eleven people and link to them on your post.
4. Let them know you’ve tagged them!

So here we go with the 11 questions that Ushus has posted

1. In one word, what have you gained, in life, that you hold most precious? (there, that rules out “weight” )

My friends. Without a doubt. I have always treasured my friend mostest and above all. No life without them Thats a simple one there cracked it
2. In three words, a pet peeve?

three words ? err…  Dhiren go Bathe
3. A word you think you use a lot, unconsciously ?

How would I know… ah.. this is a tough one… maybe I have to ask someone around me.. no clue actually even wifey doesn’t know the answer to this :-/
4. What is it that you love to do, most, and would rather spend your time doing it?

Playing cricket or watching Test Cricket or Travelling wandering to naturally beautiful places would be best
5. What do you think others think of you?

all the girls think I am sexy and hot and handsome and what not (ducks all sandals) lol… no but seriously… Well, most bloggers think I am still a kid, where as in real life apart from a few very close people most think I grew up from a kid too soon Guess in real life they mean I am a lot more boring than the one individual who resides on this blog

Wonder what to make of it eh but does it matter…
6. Who would you say made you who you are today (other than your parents, if that is what you would answer )

Unfair question really.. a lot of them go into it.. people, parents, friends, teachers, relatives circumstances a lot of things… Tom Swayer (Mark Twain) had a huge influence on me as a kid. But to say who made me what I am today ? I think I have to say I am the one who is responsible how I have turned out today

Who else but me and my choices. My parents gave me a lot of liberty and so I am exactly what resulted due to my decisions
7. What gives you joy?

A lot of things… when hriday and I are playing cricket and his reactions on beating me priceless

Travelling – me my backpack, camera, sleeping bag and the meaningless wandering eating in new places everyday meeting new people everyday and learning different ways of life whilst travelling. Somewhere inside me resides a wanderer who just wants to keep moving all the time…

Indian Cricket team doing well and I am kinda so so happy the moment that happens They are my blood relatives I tell ya !

Food !

My Wife’s cheeky smile when she is happy

Sometimes when I hear my Mom speak to someone about how I shared her responsibilities while my two bro’s were young… aah… awesomeness

Too many things… I get happy easily and am generally happy
9. If you could go back to one moment in your past, which moment would it be?

I don’t think that can happen and I don’t want to think like that… I am just thinking of living today and enjoying my life as it is and will rather focus on making it work even better… set some good regular income and then get into travelling all the time
10. Do you believe in alternate lifetimes? If so, what is the you there doing now? (It’s actually one question, with two parts )

If there were an alternate lifetime sigh… I’d be Bear Grylls ! That guy is just simply awesome ! I envy him like hell
11. What makes you you?

eh ? What makes me ? Ok I didnt understand the question and I mailed Usha to ask what does she want to know.. then I read what Sandhya answered and my answer after that is…

I think my ability to forget the past and look ahead and move ahead makes me. I am always rather positive and ready to start afresh no matter how sullen and how hopeless the situation is. I firmly believe in worrying about what to do next then fret over what I just did !

There… that wasn’t as tough as I thought

Now for 11 people ?!

Generally I dont tag people but this time I am gonna do it So after Sandhya and Usha have finished their tags and already tagged 22 people so I have tried to rope in fresh ones …. Lets see…

1. Crafty ( you have to do this hobbes and get back on the blog) I am dying to have a post from you
2. Ashwathy – You knew it was coming eh !
3. Vimal – but ofcourse the devil
4. Sangeeta – Lets spill the beans
5. Monika – You owe me another lunch for this just like that
6. Rakesh – Dude… all work and no play ? you forgot you have a blog ?
7. Nancy – Have you got your voice back ??
8. Pixie – Back home in Denver eh… lets get back to the blog then !
9. R’s Mom – I am just getting to know her… I don’t even know her name but… well I love reading her
10. Pallavi – She is getting fatter by the day… thought I would make her blog and shed some flab atleast
11.  Saxy !   I wouldn’t let the biggest cartoon of the blog world get away would I ?

Now here are the questions for you folks !!!!!! Specially created by me

1.)    If you could have any superpower, what would it be ? Imagine !

2.)    What was your favorite childhood television program?

3.)    Have / had any celebrity crushes ?  you know my answer doncha

4.)    If you could visit anywhere in the world, where would you go?

5.)    Name 1 thing you miss about being a child.

6.)    Name the one comic/book character that you loved the most and why ?

7.)    What is the one thing that you are dying to try but haven’t had a chance to do so yet ?

8.)    Do you have a role model – someone you want to emulate? Whom do you admire the most?

9.)    What do others make of you ? (this is a repeat of the question by Ushus)

10.)   Have you ever gotten into a fight or punched someone ?

11.)    For Girls – If you woke up tomorrow to find out you are Brad Pitt, what would be the first thing you’d say upon looking in the mirror !

11.)    For Guys – If you woke up tomorrow to find you are Angelina Jolie, what would be the first thing you’d say upon looking in the mirror !

FD vs FMP (Fixed Deposit vs Fixed Maturity Plan)

Yes, I guess some of you find these finance posts quite irrelevantly boring. However, there are some souls who have sent me encouraging mails and it is for them that I have not given up.

 

This post could be particularly helpful for all those in the Income Tax Slab of 30%.

 

It is always better to gather knowledge about money. Remember when we work so hard to earn money we must also ensure our money works as hard as us. Optimal Money Management will always ensure you will have more money in the bank and probably a better and early retirement.

 

Anyways, enough of rambling, lets get to the point.

 

First and foremost it is March, financial year end for India and it is raining FMP’s. Let us first explain what are FMP’s.

 

FMP’s are Fixed Maturity Plans are close ended funds that invest in debt and money market instruments and have a fixed maturity period as stated in the offer document. The main aim of a FMP is to provide a income through interest on debt while giving the investor a very low level of risk. ( more details are here : http://www.fixedmaturityplans.com/whatare-fixedmaturityplans-fmps )

 

I have tried my level best to simply things for my readers.

 

Assume

Rate of Interest on FD : 9.25%

Yield on FMP : 9.25%

Indexation (Inflation rate ) : 6%

 

Now sample this, when you invest in an FD of say 9.25% and you happen to be in Income Tax(IT) slab of 30% your post tax yield will be very less.

If Interest is 9.25% on an FD the in hand yield post income tax for a person in 30% IT slab is about 6.11%.

 

However, if the same person invests in a normal FMP with a yield of 9.25% he will have to probably pay a Capital Gain Tax @10% & his post tax yield will still be 8.20% in his hand.

 

And then there are FMP’s that come in March every year with an added advantage of Double Indexation. So if you buy an FMP in march that is for 13 months your yield post tax will be 8.41%.

 

We have assumed indexation at 6% however inflation has been much higher this year so the indexation rate may be higher and in FMP’s with double indexation, perhaps there will be no tax liability at all this year.

 

That is the reason for this post, this is an ideal time to invest in FMP’s with such tax advantages and interest rates set to fall this year

 

The table below might help you understand it more easily.

 

The only tricky thing when you are buying an FMP is that the yield is not as clearly mentioned as in FD’s. However, generally their low tax liability ensures that people in 30% IT Slab will always go for FMP’s compared to Fixed Deposits. Good Fund houses rarely compromise on the quality of paper and FMP’s are pretty safe.

 

 

Folks your feedback, questions, queries are most welcome

 

Why this 1 & halfness U

 

Saturday evening u,

reaching home late from office u,

you asking whats for dinner u,

o why this 1 & halfness u

 

Biwi saying Samosa Samosa u,

You making Samosa chaat u,

Thoda Chutney, Chutney of Imli Imli u,

o why this 1 & halfness u

 

Stuffing Stuffing you do u,

Biwi glad you eating u,

Burp u,

o why this 1 & halfness u

 

Then after dinner friend calling u,

Biwi tired you going for boy gang party u,

strange stares, stares angry, cheeky smile u,

o why this 1 & halfness u

 

Then you come middle of night u,

knock knock… u,

breaking the tired woman sleep u,

o why this 1 & halfness u

 

Then instead of quietly sleeping u,

trying to be 1 & half you mumble u,

I will help you in kitchen tomorrow u,

o why this 1 & halfness u

 

You forgot, Sunday Match, India vs Australia u,

Biwi didn’t, she summoned you, into kitchen u,

Today we make undhiyu she says u,

you chop the green garlic bunch finely u,

o why this 1 & halfness u