Warren Buffet's words of wisdom

The best investment you can make is an investment in yourself.
The more you learn, the more you'll earn.
Find something you like to do, and you'll never work a day in your life.
If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes.
Great partnerships will make any job easier.
Risk com/es from not knowing what you're doing.
Price is what you pay. Value is what you get.

Bank Name Interest Rates
Effective From

Andhra Bank August 8th, 2014
Bank of Baroda November 1st 2014
Bank of India Febuary 20th, 2014
Bank of Maharashtra September 22nd, 2014
Canara Bank October 1st, 2014
Central Bank of India 3rd April, 2013
Central Bank of India 2nd April, 2013
Corporation Bank November 1st 2014
Dena Bank November 1st 2014
Indian Overseas Bank September 29th, 2014
Punjab and Sind Bank September 23rd, 2014
Punjab National Bank October 10th, 2014
Syndicate Bank October 10th, 2014
Union Bank of India November 11th , 2013
United Bank of India May 1st, 2014
Vijaya Bank September 6th, 2014
State Bank of Hyderabad November 1st 2014
State Bank of India October 7th, 2014
State Bank of Travancore April 1st, 2014
Deutsche Bank July 10th, 2014
Barclays Bank August 1st, 2014
Citi Bank November 1st 2014
Standard and Chartered Bank April 1st, 2014
HSBC Bank India October 18th,2014
Axis Bank November 1st, 2013
City Union Bank September 15th, 2014
Allahabad Bank March 4th 2014
HDFC Bank September 17th, 2014
ICICI Bank 16th August , 2013
IDBI Bank January 16th, 2014
IDBI Bank January 1st, 2014
IndusInd Bank October 1st, 2014
ING Vysya Bank August 26th, 2014
Karnataka Bank October 15th,2014
Kotak Mahindra Bank November 21st, 2013
Tamilnad Mercantile Bank Limited October 13th,2014
The Catholic Syrian Bank June 25th, 2014
The Jammu and Kashmir Bank Limited December 27th, 2013
The Karur Vysya Bank Limited July 14th, 2014
The Lakshmi Vilas Bank September 15th,2014
South Indian Bank Limited March 1st, 2014
TNSC Bank May 14th, 2013
TNSC Bank May 14th, 2012
DBS India November 1st 2014
Post Office April 1st, 2013
Yes Bank 1st August, 2013
State Bank of Mysore March 4th, 2013
Development Credit Bank Ltd. July 7th ,2014
State Bank of Bikaner and Jaipur September 1st, 2014

Bangalore Stock Exchange.

Bombay Stock Exchange.

National Stock Exchange

What is Asset Allocation?

We have heard the saying "Don't put all your eggs in one basket many times. This is what exactly asset allocation is. It is spreading out your assets into different avenues of investments.

Asset allocation is dividing your investments among different asset classes like bonds, equities, insurance, real estate, gold/gold ETF, fixed income securities, cash etc. The reason is each asset class behaves differently depending on the market conditions. For example, some assets like bonds are useful in creating a portfolio of investments because bonds behave very differently to equities. Bonds issued by Government are considered as one of the safest forms of investments.They often offer lower but consistent returns. If there is a fall in the stock market, this provides as a safety net. So diversification reduces the risk. Asset allocation for each individual has to be tailor made. One can choose the asset classes depending on the risk appetite.

The factors to consider before choosing asset classes are: Risk tolerance, Time horizon and the objectives of the investment.

The different objectives of asset allocation models can be:

1. Preservation of Capital

Cash and cash equivalents such as money markets, treasuries and commercial paper often compose 80% of these portfolios.

2. Income

Designed to generate income. But returns are generally modest.

3. Balanced

A mix of assets that generates cash as well as appreciates over time with smaller fluctuations in quoted principal value than the growth portfolio.

4. Growth

Designed for those that are just beginning their careers and are interested in building long-term wealth.

Age based Asset Allocation

Though there is no hard and fast rule for asset allocations for different age groups, here are 5 general age based allocations which are recommended for retirement planning:

The general thumb rule used in these charts is: % of assets in equity = 100 - your age