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Financial IQ

The Basics of Credit Cards and How to Use Them

A credit card can be a useful tool or it can be a dangerous weapon. Most of this depends on you — the best credit card in the world won’t help if you spend beyond your means. I lived a decade mired in credit card debt, and I don’t recommend it to anyone.If you’re responsible, however, a credit card can be both convenient and efficient. Resource: GetRichSlowly

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Editor's Choice

Dilbert should win a Noble Prize for this unified theory

MarketWatch.com has an article by Paul Farrell on why Dilbert should win the Noble Prize for his simple but unified theory of everything financial. 

OK, so Dilbert didn't win the Nobel Prize in economics this year. There's always next year, right? Or perhaps a parallel universe? You may wonder whether Dilbert and his creator, cartoonist Scott Adams, have any chance, but since the Nobel committee's records are sealed for 50 years our imagination runs free.

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Top Five Equity Linked Saving Schmes (ELSS) which also save Tax E-mail

Rajesh Soni takes a look at the top 5 tax saving Mutual Funds for the purpose of claiming tax benefits under Sec. 80C of Income Tax Act. He has analysed them on their returns as well as the risk profile (standard deviation)

Hop on to his blog for all the details and analysis

The top five based on return and risk profile is as under:

  1. SBI Magnum Tax Gain
  2. HDFC Long term advantage Fund
  3. HDFC Tax Saver
  4. Birla Equity
  5. Franklin India Tax Shield 
 
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