Finances when buying a house

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sharekhan's research report on Housing Development Finance Corporation With its theme of ‘actionable intelligence’ in its annual report, HDFC has been adapting to newer and faster ways of communicating with stakeholders through digital interface, changing with the landscape to remain competitive and be future-ready. Currently, the company receives 91% of home applications through digital channels. The management believes that India’s housing loan market would double to ~$600 billion in the next five years with estimated mortgage penetration of 13% of GDP which would still be lower as compared to emerging economies. It believes that the optimum path to scale up housing finance is to be housed within a banking structure. The resources pool for lending will be significantly larger and at lower … [Read more...] about Buy Housing Development Finance Corporation; target of Rs 3025: Sharekhan

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The National Stock Exchange has added Indiabulls Housing Finance as the third stock on its futures and options ban list for June 15 after the scrip crossed 95 percent of the market-wide position limit. RBL Bank and Delta Corp are already on the ban list. RBL Bank was at the top in the short-covering list on Tuesday, which was down just half a percent following nearly 23 percent slump in the previous session after R Subramaniakumar was appointed as the chief executive officer of the bank for three years after the exit of long-time CEO and Managing Director Vishwavi Ahuja nearly six months ago. Delta Corp shares rebounded by 2.2 percent June 14 after a correction of 20 percent consistently since May 30. Indiabulls Housing Finance , which fell 15 percent in last four consecutive … [Read more...] about NSE adds Indiabulls Housing Finance as third stock to F&O ban list for Wednesday

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on Shriram City Union Finance SCUF reported a healthy disbursement momentum despite seasonality (relative to 3Q of the fiscal year). Product mix change in favor of personal loans has aided yields while improvement in borrowing costs has allowed SCUF to deliver healthy spreads/margins. Asset quality exhibited significant improvement with GS3 declining ~100bp QoQ without having to resort to elevated write-offs (like in SHTF) and is perhaps the best in the last six years. Shriram Housing continues to demonstrate a lot of promise in all aspects ranging from AUM growth, margins and asset quality. Technical reasons (of a potential supply overhang after the merger) aside, the merged entity will emerge stronger than the respective standalone businesses. … [Read more...] about Buy Shriram City Union Finance; target of Rs 2150: Motilal Oswal

The market seems to have seen extreme bearishness after the recent fall way below even its March lows, indicating the Nifty50 index moved near the oversold territory, experts said. A rising concern over inflation and fears of a recession because of rapid tightening of monetary policies weighed on the sentiment. The March 2022 low was 15,671. The Nifty50 plunged nearly 18 percent from its record high of 18,604 on June 19 last year, to 15,183 levels on June 17 this year. Even from its June high (current month), it lost nearly 10 percent, followed by recent recovery of 3.4 percent from 15,183. ICICI Direct highlighted four factors that clearly indicated that we are in an oversold territory, indicating more than 9 percent recovery from the recent lows. Only around 15 percent stocks traded above 200 day moving average in the recent fall, which means around 85 percent stocks fell below 200 DMAs, which clearly signifies extreme pessimism in the market. Technical experts usually … [Read more...] about Pullback likely as sentiment turns extremely bearish. These 19 stocks are bargain buys now

Share to Twitter Share to Linkedin If you’re struggling to figure out who to vote for in the presidential primaries next year, you’re not alone. With so many contenders (at least on the Democratic side), let's look at what plans do the candidates have to keep college costs down. Not every candidate has taken a clear position yet, but we read the tea leaves a little bit on the main Republican and Democratic candidates. This is different from the proposals to tackle the student loan debt crisis, which you can read here: 2020 Presidential Candidates' Proposals On Student Loan Debt . Instead, this article is specific to proposals around lowering the ballooning cost of higher education. Photo Credit: Getty Getty Republican: Donald Trump In general, Republicans don’t believe the government (federal or state) should have much of a role in funding public higher education, and see responsibility for costs as falling entirely on the … [Read more...] about The 2020 Presidential Candidates’ Proposals On Lowering College Costs

Share to Twitter Share to Linkedin Average Credit Card Interest Rates Have Topped 20% Rising interest rates have pushed the annual percentage rates on credit cards to new highs. The average annual percentage rate on a new credit card is now more than 20%, according to LendingTree’s tracker. It’s the first time that rates have topped 20% since the tracker began in 2018. And rates are poised to go even higher across the board. Credit card balances reached $841 billion in the first three months of the year, according to a report from the Federal Reserve Bank of New York. In the same timeframe, 229 million people opened new credit card accounts, an increase from the previous quarter. [ CNBC ] Inflation Causing 85% Of Americans to Adjust Their Essential Purchases You don’t have to follow the news to know inflation is raging. Inflation in May 2022 was up 8.6% from the past twelve months. A quarter of respondents selected that they only have a little … [Read more...] about This Week In Credit Card News: Average Card Interest Rate Tops 20%; Inflation Wrecking Personal Budgets

Share to Twitter Share to Linkedin The advice that helps your parents build wealth likely won't be the financial guidance to help you maximize your inheritance well into the future. Many people who receive a large inheritance find a new financial advisor who fits their current financial planning needs better. There were probably times when your parents' financial advisor was great for them but terrible for you. I have a gay financial planning client whose parents' advisor is homophobic. That relationship will not likely be a good fit going forward (to say the least). I have also spoken to many women who recounted being mansplained by their parents' male advisor. That, and many other reasons, led one successful businesswoman to find a new financial advisor when she received her inheritance. Research suggests that 70 to 90% of people who inherit significant wealth, immediately fire the financial advisor who worked for their parents. I have been … [Read more...] about 4 Reasons To Fire Your Parents’ Advisor When Receiving An Inheritance

Share to Twitter Share to Linkedin Investors are getting hit with scary news and stock market volatility they haven't seen since the beginning of the COVID-19 Pandemic. There are a few significant and problematic topics in the news headlines ranging from Russia invading Ukraine, the ongoing global COVID pandemic, and inflation, to name a few. These negative headlines could lead you to make some costly investing mistakes. If you are a day trader or speculate on the hottest stocks of the day, you should likely make major adjustments to your investment portfolio based on short-term news. On the other hand, if you invest for long-term goals like retirement or financial freedom, making significant adjustments to your financial plan based on daily news will greatly reduce the odds of reaching your various financial goals. Doing nothing may seem counterintuitive, but it is often the best course of action for those with a well-thought-out financial plan and diverse … [Read more...] about 3 Investing Mistakes To Avoid During A Stock Market Correction

Prateek Agrawal is the Business Head & CIO at ASK Investment Managers “Overall, I would stay focussed on earnings and valuations and policy making in India rather than what is happening elsewhere. This should be especially true because the influence of foreign capital on the Indian market is reducing,"  Prateek Agrawal - Business Head and Chief Investment Officer (CIO) of ASK Investment Managers, told Moneycontrol in an interview. Large FPI selling has been readily absorbed by MFs, insurance, Pension and PF funds and this is a structural change that has taken place, he believes. Agrawal's preferred valuation methodology, at present, is to look at 5-year PE averages and earnings yield to bond yield indicators. "These indicators point to an index target of 18,250 to 18,500 over 2022. This leaves just about 7 percent upside from the present levels," says Agrawal, who has over 27 years of experience in capital markets, with long, distinguished stints in sell side research, … [Read more...] about Daily Voice | With valuations no longer cheap, volatility could recur: Prateek Agrawal of ASK Investment Managers

- A + A (June 22): Australia’s Macquarie Group Ltd is in talks about a potential acquisition of Kuwaiti plane leasing firm Alafco Aviation Lease & Finance Co, according to people with knowledge of the matter. Macquarie’s aircraft financing arm is aiming to reach an agreement within as soon as the next few weeks, the people said, asking not to be identified because the information is private. Alafco, which is backed by the Kuwaiti government, has also drawn interest from other suitors, the people said. Shares of Alafco have fallen 17% in Kuwait trading this year, giving the company a market value of about US$565 million. Aircraft lessors have turned to dealmaking to gain scale, in part because airlines are seeking finance plane purchases without risking their own balance sheets. Leasing titans AerCap Holdings NV and General Electric Co combined their operations last year, in a bet the aviation industry was poised to rebound. In May, SMBC Aviation Capital … [Read more...] about Macquarie in talks to acquire Kuwaiti lessor Alafco