How Stocks, Bonds and Mutual Funds Affect Doing Your Taxes

January 11th, 2012 by Bank Loan | No Comments | Filed in News

How Stocks, Bonds and Mutual Funds Affect Doing Your Taxes

Article by Amanda Demers

Programs like TurboTax and H&R Block At Home can help simplify tax preparation if you own investments. It’s important to make sure you know the tax rules when preparing taxes yourself in any case. Tax laws are subject to change on a year-to-year basis. It also helps to be somewhat familiar with how investments affect taxes for better planning. Taxpayers with an idea of how much they might owe in taxes will have a better ability to pay their taxes on time every year.

Stocks

Simply buying stock doesn’t cause a tax liability or have distinct advantages. If a dividend is issued, the income from the dividend is taxable. Selling stock is taxable if a profit is made, and many experts suggest that stockholders wait a year or more before selling. This minimizes the amount of taxes that you have to pay, since it’s taxed at a different rate from your regular income.

You’ll need to make sure you have records of every transaction. If trading on your own, you’ll need to have access to your receipts. When you use a broker, the necessary documents are usually provided. A profit on the sale results in a tax being paid. If you take a loss, this loss can be claimed. In addition to reporting the dividend on your federal tax return, you may also have to report the dividend on your state income tax return.

Bonds

Bonds have some different tax considerations from stocks. There are several types of bonds that must be kept in mind, as bonds are taxed differently depending on the type. Zero Coupon bonds pay at maturity only. However, you’ll be taxed based on the implied annual interest rate. Municipal bonds are subject only to state and local taxes if purchased in your state of residence.

U.S. Treasury bonds are the most popular type of bond purchased. The interest paid on these bonds is taxable at the federal level. You don’t have to pay local or state taxes on these bonds. Bonds issued by corporations are subject to federal and possibly state taxes. As with stocks, be sure to save any tax forms or receipts that are given to you.

Mutual Funds

Mutual funds are a little more complex than stocks and bonds. They can be taxed based on capital gains distributions, sales of shares, and dividend distributions. Capital gains distribution taxes are often assessed at a lower level than the fund owner’s regular employment income. Like stocks, the lower rate depends on the fund having been held for more than a year. Dividends and sales are counted as income. As such, they’re reported on your regular 1040 form.

Special Considerations for Deferred Accounts

Some mutual fund and other investment owners prefer to keep their investments in a deferred account. This could possibly include a 401K account or an IRA. When you own a deferred account, the tax liability becomes an issue when you decide to withdraw funds. If you’re considering setting up your investment accounts this way, be sure you know about any possible tax issues.

To find H&R Block At Home coupon codes or Turbo Tax coupon codes, visit UltimateCoupons.com

Amanda Demers is a freelance writer for UltimateCoupons.com










Tags: , , , , , ,

Transamerica IDEX Mutual Funds Adds Three to Lead Divisional Sales

February 12th, 2011 by Bank Loan | No Comments | Filed in News

Transamerica IDEX Mutual Funds Adds Three to Lead Divisional Sales











Denver, CO (PRWEB) July 23, 2007

Transamerica Capital, Inc. announced today that it has expanded its mutual fund sales team with the addition of three divisional vice presidents. The vice presidents will lead regional distribution efforts for Transamerica IDEX Mutual Funds, a leading provider of multi-manager fund solutions for financial professionals and their clients.

The addition of Doug St. Myer, Western Divisional Vice President for the Transamerica IDEX Bank Channel; Scott Ramey, Eastern Divisional Vice President for the Transamerica IDEX Bank Channel; and Rob Thompson, Eastern Divisional Vice President for the Transamerica IDEX National Broker/Dealer Channel, adds deep industry experience and enhances Transamerica CapitalÂ?s national distribution strategy. All three will report to Michael Petko, Executive Vice President, National Sales Manager for Mutual Funds.

Â?I am pleased to have the opportunity to bring such quality leadership to the team,Â? said Petko. Â?We continue an aggressive sales expansion program and these latest moves will bolster sales efforts with a focused approach to wholesaling our award-winning family of funds.Â?

The newest members of the Transamerica Capital, Inc. management team include:

Doug St. Myer, Divisional Vice President for Transamerica IDEX Bank ChannelÂ?s West Division:

A 15-year veteran of the financial services industry, St. Myer was promoted from within Transamerica Capital, Inc., where he served as regional vice presidentÂ?taking a Â?startupÂ? territory and transforming it into the top-performing territory in the channel. Previously, St. Myer served as an investment representative at Signet Bank (now Wachovia), Huntington National Bank and Fifth Third Bank, as well as regional brokerage firm, Stifel, Nicolaus & Company.

Scott Ramey, Divisional Vice President for Transamerica IDEX Bank ChannelÂ?s East Division:

Ramey came to Transamerica Capital, Inc. from Wachovia BankÂ?s Retail Retirement Group, where he managed a group of retirement consultants responsible for developing and implementing the companyÂ?s annuity, IRA and general retirement initiatives. Prior to Wachovia, he was a consultant with The Fusion Group, where he worked with industry-leading asset management firms on advanced sales strategies, communication strategies and organizational and cultural change. He also worked as a mutual fund wholesaler for eight years, including four years at Evergreen Investments.

Rob Thompson, Divisional Vice President for Transamerica IDEX National Broker/Dealer Channel East Division:

With an 18-year track record in the securities industry, Thompson joined Transamerica Capital, Inc. from Evergreen Investments, where he spent four years as a regional vice president covering Ohio, Kentucky and West Virginia. Thompson was a top wholesaler at Evergreen and was selected to serve on EvergreenÂ?s leadership council. He began his career as a financial advisor in 1989 and later became producing manager for ING.

About Transamerica IDEX Mutual Funds:

Transamerica IDEX Mutual Funds has provided multi-manager mutual funds to financial professionals and their clients since 1985. The fund company uses outside firms, as well as affiliated firms, as sub-advisers in the management of its funds. Transamerica IDEX has more than $ 11 billion in assets under management and is headquartered in St. Petersburg, Florida.

About Transamerica Capital, Inc.:

Transamerica Capital, Inc., an AEGON company, is a wholesaling broker/dealer for variable annuities, fixed annuities, life insurance and mutual funds. The company partners with financial professionals at wirehouse, regional, independent and bank firms to provide solutions for clientsÂ? financial needs. Transamerica Capital, Inc. is headquartered in Denver.

About AEGON:

AEGON is one of the worldÂ?s leading life insurance and pension groups, and a provider of investment products. AEGON empowers local business units to identify and provide products and services that meet the evolving needs of customers, using distribution channels best suited to local markets. AEGON takes pride in balancing a local approach with the power of an expanding global operation.

With headquarters in The Hague, the Netherlands, AEGON companies employ approximately 29,000 people worldwide. AEGONÂ?s businesses serve millions of customers in over 20 markets throughout the Americas, Europe and Asia, with major operations in the United States, the Netherlands and the United Kingdom.

Respect, quality, transparency and trust constitute AEGONÂ?s core values as the company continually strives to meet the expectations of customers, shareholders, employees and business partners. AEGON is driven to deliver new thinking with the ambition to be the best in the industry.

Mutual funds are subject to market risk, including loss of principal. Investors should carefully consider the investment objectives, risks, charges, and expenses associated with mutual funds before investing. The prospectus contains this and additional important information about the funds. Contact your financial professional or call Transamerica IDEX at 1-888-233-4339 for a prospectus, and read it carefully before investing. Transamerica IDEX Mutual Funds are distributed by Transamerica Capital, Inc.

Troy Rusniak    

Senior Marketing Manager, Mutual Funds

Transamerica Capital, Inc

720-493-4014    

Morrison Shafroth

Communications Strategy Group

720-470-3653

###









Attachments


















Vocus©Copyright 1997-2010, Vocus PRW Holdings, LLC.
Vocus, PRWeb and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Tags: , , , , , , , , , , ,

Tips to Discovering the Best Performing Mutual Funds

February 8th, 2011 by Bank Loan | No Comments | Filed in News

Tips to Discovering the Best Performing Mutual Funds

Article by Peejay Goodman





You can diversify your portfolio by adding the best performing mutual funds, which are groups of stocks instead of individual stocks. Another good thing is that the professional fund manager who assorts these companies in which you make investment is dependant on the performance of your fund. Mutual funds are problematic because money is deducted from the value of the fund to pay for its own management. Your income through your investment generation would be seriously affected due to this. It is extremely advisable to check out the various types of fee that are charged by a mutual fund company before investing even in the best of funds.

Morningstar and Mutual Funds have become synonymous with one another.If you want information on the best performing mutual funds this web site is a good place to start. The site provides its users with a lot of free helpful data about the top performing mutual funds, and it divides them into groups that you can browse through and pick the fund or funds that are right for you. You will see these categories for the best performing mutual funds written on the left side of the website.

I also use MSN’s Money website to gather data about the best-performing mutual funds. Like Morningstar, the website gives you helpful information about best performing mutual funds, yet it’s the Expert Picks part that has a lot of meaning. Mutual fund research is created exceedingly better by allowing you to assess a professional mutual fund chooser as he analyzes a mutual fund portfolio in right then and there.

Lastly, you can get information about the best performing mutual funds and sector mutual funds from the brokerage house that holds your account. Whilst it might appear to be easy to see, a lot of the times, internet brokerages give a lot of information to their customers that gets overlooked. Many brokerage houses have websites one can explore. There one can receive suggestions or advice on the services they provide.


About the Author

Peejay Goodman is your typical web geek/financial wizard who enjoys electronics, computers and anything tech related.

Tags: , , , , ,

What Should You Look For in a Mutual Fund?

February 5th, 2011 by Bank Loan | No Comments | Filed in News

What Should You Look For in a Mutual Fund?

Article by Jim Knight





A mutual fund is a collection of stocks or bonds. One can think of a mutual fund as a company that brings together a group of people and invests their money in stocks, bonds, and other forms of investment. Each investor owns shares which represent a portion of the holdings of the fund.

Mutual funds have become extremely popular over the last two decades. What was once just another obscure financial instrument is now a part of our everyday lives. More than one half of the households in America invest in mutual funds. Trillions of dollars are spent on mutual funds alone in the US.

Investing in mutual funds is better than simply letting your cash waste away due to inflation in a savings account. But, for most investors, that’s where the understanding of mutual funds ends.

Originally, mutual funds were constructed for the average small investor. It was the way for the little guy to participate in the market. Mutual funds have been regarded as an excellent idea in theory, but, in real world, they haven’t always delivered. Not all mutual funds are equal in every aspect. Making investments in mutual funds isn’t as easy as throwing money at the first salesperson who solicits one’s business.

For the individual who wants to get in the stock market by investing, there are various mutual funds that are worth looking into. When conducting research, it is best to choose different genres of mutual funds. Various benchmarks should be kept in sight in order to compare the mutual funds.

The performance of the chosen mutual companies should be properly evaluated. One has to see how the company has weathered the ups and downs of the stock market over a previous period of years. Although, this is not an absolute indication of future success, it lets us know, whether the company is capable of performing well, even if there is no clear indication of volatility in the stock.

Expense ratios of different fund houses and their schemes should also be properly reviewed. These costs include administrative costs, advertising costs, buying and selling of stocks and bonds and load costs. Thorough research should be done by the prospective investors themselves, because these expenses are also borne by them alone.

Detailed information about the different fund houses and the schemes therein can be found in newspapers, brochures and on financial websites. However, one should make sure that they fully understand all of the information that is given, as this makes investing in a mutual fund easier.

After properly analyzing all of the information, one can make a well-informed decision about mutual funds. This research work helps the average investor to select a mutual fund to invest in, according to their individual financial goals. One must ensure that they go through all of these details when they are ready to start investing. The knowledge gained from comparing different mutual funds gives the average person confidence to invest in the risky, yet rewarding, world of mutual funds.

About the Author

You should consider the MLP mutual funds’ investment objectives, risks, charges and expenses carefully before investing in MLP. For a prospectus, or summary prospectus, that contains this and other information about SteelPath MLP Funds, call 1-888-614-6614.

Tags: , , ,

Mutual Funds : A Good Long-Term Investment Plan

January 29th, 2011 by Bank Loan | No Comments | Filed in Bank

Mutual Funds : A Good Long-Term Investment Plan

Article by Suman Ahliya





Investing in mutual funds is considered one of the safest options. Today, a large number of people are engaged in investing their money in them. Many financial experts believe that if you are a fist time investor then a mutual fund is good for you. It is a simple and hassle-free way to start accumulation of your capitals at low risk.

Popularity Reasons* One of the biggest benefits and popularity reasons of the mutual funds is that a person who does not have much money may able to invest in a mutual fund. Most mutual funds require a minimum of 00-00 for the initial investment.* The second reason of their popularity is that you may select thousands variety of mutual funds and may easily get information on this matter. Many magazines or newspaper provide expert views regarding this matter, so it is very easy to get detailed information about their authenticity.* The initial investing of a mutual fund is very low, so it allows people to continue their deposition and give opportunities to pay for other investments or issues like loans and medical expenses.* Like the stock market stocks, these fund values are not changing frequently. So, you do not need to keep an eye on the regular updates of your mutual fund.* A mutual fund gives compound interest. If you have fixed your money for about 10, 20, or 30 years in a mutual fund, it will give you high returns.* The diversification has made this online investment plan more popular among masses. It is a risk management technique which implies that your money is in a safe place. In this investing plan, the collected money invests in different countries stocks. It refers the idea that your country stocks are either increasing or decreasing, it will not effect the increasing rate of your mutual fund. So, the chances of low interest rates are very rare. * These funds allow its investors to choose different sectors to invest their money. If you are interested in banking sector, it allows you to invest your money in this sector without any hassle. According to financial expert’s point of view, choosing the real estate sector for mutual fund is good and safe. They think the future of this sector is bright.However, investing in a mutual fund is not very tough task. You can take help of an expert broker. He will teach you the rules and regulations to invest in this plan. Many online financial companies are ready to give any type of financial assistance, you may also take help from these companies.
About the Author

How to save your money and how to do any type of online investment types of issues are now solved with the site, redwealthzone.com The site provides great ideas on investment related problems and also provides information about well know investment companies.

are mutual funds are good long term investment,mutual fund good for long term,MUTUAL FUNDS A GOOD INVESTMENT?

Tags: , , , , , , , ,

Understanding Mutual Funds  

January 8th, 2011 by Bank Loan | No Comments | Filed in News

Understanding Mutual Funds  

Article by James Smith





That’s all well and good if you’re “in the know,” but it can be problematic if you’re not. A mutual fund is basically a competently managed pool of money from frequent investors. This allows thousands of little investors to band jointly to buy a large portfolio stocks, bonds, etc. The fund manager/company after that invests the pooled finances according to the affirmed goals of the mutual fund.

Mutual funds can be vigorously or passively managed. With a vigorously managed fund, there is a fund manager who “actively” seeks to create available better returns than the broad market. Obviously, not everyone can be above average, so you’re essentially gambling on the manager’s ability to break.

In the case of inactively managed index funds, the reserves are managed to mirror the holdings of a fundamental investment index such as the S&P 500, or the stock market as a whole. As such, these funds seek to match the returns of the overall marketplace (deficiency a small amount to cover operating cost).

The most important improvement of mutual funds is that they allow small investors to accomplish broad diversification. As an alternative of having to invest in abundant different companies, buy a boatload of individual bonds, etc., you can buy shares of individual or a small amount of mutual fund that are fractionally collected of hundreds or thousands of individual holdings.

An additional benefit for small investors is with the intention of mutual funds decrease costs as compared to direct investments. Because mutual funds create fewer, larger trades, they experience much less in the method of transaction costs.

Yes, you have to pay for administration, but that cost is spread across everybody that has invested in a particular mutual fund. It’s value noting here that directory funds are characteristically far cheaper than vigorously managed funds. Moreover one, however, is likely a large amount cheaper than creation a bunch of small trades, even if you would otherwise use a reduction agent.

About the Author

If you are interested in learning how to invest in mutual funds you must find aIndependent Investment Advisor and you shouldn’t do it on your own. You need to find someone who has experience and knows which ones are considered risky and which are not. Speaking to an investment adviser is the first step you should take.

Tags: , ,

Mutual funds, shares, and guidance from online trading portals   

January 5th, 2011 by Bank Loan | No Comments | Filed in News

Mutual funds, shares, and guidance from online trading portals   

Article by Nirmal Kumar





One popular investment segment that has witnessed rising investors in recent times is the mutual fund. The market of stocks in India is no doubt an attractive platform for investors but mutual funds of India are equally gaining momentum in terms of investors’ count. There is not much of a difference between the two types of investment except on the risk factor involved as well as the investor’s involvement. While in stocks you need to devote more time besides considering price, value, market performance, company performance, etc. these factors hold little importance for mutual funds.

A collective investment scheme is what identifies a mutual fund. It is professionally managed and money is pooled in from the public. The collected money is then utilized in investment securities that are inclusive of stocks, commodities, bonds, etc. It depends whether you want to put in your money for a year or more. But yes, you will have to be cautious which mutual funds of India are performing well. With most of the mutual funds, you can expect fixed returns in addition to the extra returns based on the market conditions.

The performance of the funds varies from time to time as per market trends. For example, at present there are five mutual funds in India that are topping the list in terms of the returns generated. These include SBI Magnum FMCG at 44.41%, Reliance Banking(G) at 44.21% followed by DSPBR Micro-Cap(G) at 43.26%, ICICI Pru Technol at 41.44% and Religare Mid N Sm at 36.95%. Such charts are displayed at brokerage portals that provide the A-Z of investment solutions encompassing stocks listed in the NSE of India and BSE of India, commodities, futures, mutual funds india, etc.

Are you an active trader in the market of stocks in India? How many years of expertise do you have? Or are you a novice investor? Are you still facing losses though you have several months of experience in trading in stocks listed in the NSE of India and the BSE of India? The best solution here is getting registered at an online trading platform, one that offers solutions beyond brokerage. As aforementioned, such a portal offers the A-Z of investment solutions. Right from customized stock tips, commodity tips to suggestions on investment options and more, you will get the right guidance. Against a meager amount as fee, you can avail a whole lot of services to your advantage. Those who have not yet ventured into the market of stocks in India can get registered here, open a trading account and get guided right from the beginning. Do not go by rumors or stocks tips suggested by non-experts. There is no assurance that such stock tips will yield you results.

Both the NSE of India and the BSE of India have been influential in bringing smiles to lakhs and millions of lips. This is because these are the two bourses in India that facilitate people to invest in the listed stocks.

About the Author

Nirmal Kumar is author of Stock market analyst and is writing reviews articles on stocks and shares, BSE India and NSE India, Online stock trading platform.

Tags: , , , , , , , ,

How to build a mutual fund portfolio

November 15th, 2010 by Bank Loan | No Comments | Filed in News

How to build a mutual fund portfolio

This article was written by Personalfn for Business India, and was carried in its May 6, 2007 issue with the title, “Building a mutual fund portfolio”. The original draft, in its entirety, has been retained here.

With new fund offers (NFOs) becoming the order of the day (there are dozens launched every month) in the mutual fund industry, investors often find themselves stumped while evaluating whether a particular fund should be a part of their portfolio. Add to this the fact that most of the NFOs fail to offer anything significantly different from existing mutual funds. This confuses the investor even further, since he is forever agonising on whether the NFO is truly a great investment opportunity as the advertisement often claims.

At Personalfn, we are flooded with queries from investors on how to go about building a portfolio that will involve minimal tracking and churning and can help them achieve their investment objectives over the long-term.

To be sure, this is not an easy task given the number of mutual funds in the market, many of which seem to be saying (as dictated by the investment objective) and doing (in terms of investments) totally different things.

Out of the varying categories of mutual fund investors (long-term, short-term, risk-taking, conservative), we have considered the category ” i.e. risk-taking, long-term investor since a lot of investors belong to it or will belong to it at some point of time in their lives.

Among the numerous problems plaguing the mutual fund industry, we have highlighted the ones that are particularly irksome for the risk-taking investor attempting to build a long-term mutual fund portfolio.

Building a mutual fund portfolio is not an easy task. For the benefit of investors, we have split this process in two steps. The first step, outlined below, is relatively easy as it involves eliminating the mutual fund schemes that should not be a part of your portfolio.

Step 1: Process of elimination

Reason why we started with the process of elimination is because for some unfathomable reason, investors like to populate their mutual fund portfolios with a lot of schemes. Even more unfortunate is when you ask them why they invested in a particular scheme, there is no answer except the customary ” my agent told me it’s a great fund.”

To investors who believe that more mutual fund schemes is in harmony with the principle of diversification and therefore a virtue, we would like to quote Warren Buffet, arguably the most successful investor of all time. With regards to diversification he says, “Diversification is a protection against ignorance. It makes very little sense for those who know what they are doing.”

So the need of the hour for the mutual fund investor is not to go by what his agent is telling him, but question the existence of every mutual fund in his portfolio so that he is left only with the very best and critical funds. The rest of the funds can be redeemed. It is vital for the mutual fund investor to guard against over-diversification; your fund manager (if he is smart) is taking care of the diversification. There is little point in diversifying something that is already diversified.

While eliminating mutual funds (whether they are a part of your portfolio or not), one has to keep some points in mind.

1. Restrain the urge to invest in sector/thematic funds no matter how compelling an argument your agent or the fund house makes. Over the long-term, there is little value that a restrictive and narrow theme can bring to the table. It is best to opt for a broad investment mandate that is best championed by well-diversified equity funds.

2. If there are two or more mutual funds that seem to be doing the same thing (in terms of mandate, style), then you have to ensure that you are left with just the best in that category and eliminate the rest.

3. Since equity funds are long-term investments, it’s a must to evaluate them over the long-term (3-5 years) and over a market cycle. That way you get a fairly good idea about whether the equity fund under review has stood the test of time. Many NFOs launched over the last 2-3 years have done reasonably well leading investors to believe they are well-managed funds, while the fact is that the markets have appreciated sharply over this period. So a fund manager would have to be really incompetent to lose money over this period. It takes a bear phase to separate the men from the boys.

Step 2: Process of selection

If you have performed the elimination process diligently enough, the second step should come naturally. For instance, if you have ignored all the sector/thematic funds, that leaves you with just the well-diversified ones. Likewise, if you have disregarded the equity funds that have yet to complete a 3-Yr track record, you are automatically left with those who have a minimum 3-Yr track record. While selecting mutual funds, you must keep the following points in mind:

1. The debate on whether large caps or mid caps reward the investor better is an ongoing one and it would be inadvisable to choose one over the other because both have inherent strengths and (if well-selected) can reward the investor handsomely over the long-term. Therefore, there is merit in selecting a well-managed mid cap and large cap fund for your mutual fund portfolio. It also pays to invest in an equity fund that can invest in both large caps and mid caps depending on the opportunity; these funds are therefore referred to as opportunities/flexi cap funds.

2. On the same lines, investors should go for both ” well-managed growth style and value style equity funds. This way they can capitalise on opportunities across the board. Growth funds invest in well-managed companies that are fairly valued with a view that they are likely to perform even better going forward. Value funds invest in well-managed companies that are undervalued (temporarily) with the view that they will achieve their fair value going forward.

3. Although, balanced funds have their own set of critics, for one, we are firmly in favor of them. We are further vindicated by the fact that most equity funds to be launched in the recent past have a provision to invest a portion of their assets in debt. The fact is, everyone, including equity fund managers, realizes the importance of debt in a mutual fund. So including a well-managed balanced fund in your portfolio is a must.

4. Your selection process must be based on cold research and analysis; your agent, neighbor and colleague are welcome to air their views, but remember at the end of the day it’s your money, not theirs. While researching equity funds, go for the ones that have a 3-5 track record over a market cycle. The performance (or lack of it) of an equity fund during a market downturn should be noted. Usually, investors are enamored by ‘bull run wonders’, ignoring the fact that it is actually the downturn that is the biggest test for the fund manager.

Speaking of the fund manager, don’t rely too heavily on him either; instead rely on a fund management team. This way, even if the fund manager quits the fund house (which is very common today), the processes of the fund management team can replace him seamlessly.

To summaries, the mutual fund portfolio of a risk-taking investor must include the following funds:

Large cap fund
Mid cap fund
Opportunities fund
Growth style fund
Value style fund
Balanced fund

A lot of what we have said in terms of the research process may appear a little difficult and time-consuming to the investor. That is not surprising, after all investing is a full-time activity and if you give it part-time attention, the results can be disastrous. That is why it is important to engage the services of a competent and experienced financial planner who can help you build a mutual fund portfolio on the lines we have recommended.

PersonalFN provides  Financial Planning , Investment Planning and Mutual Fund Portfolio services for those looking to invest in India. The services are available on a personalized basis as well as online.


Article from articlesbase.com

how to manage mutual fund

Tags: , , , , , , , , , , , , , , , , , ,

Engage Mutual and Yorkshire Bank Join Forces To Conquer Three Peaks, Three Countries in 24 Hours

October 18th, 2010 by Bank Loan | No Comments | Filed in Bank


Engage Mutual Insurance


(PRWEB) June 24, 2010

Representatives from two well known Yorkshire financial organisations have joined forces to raise money for their nominated charities and complete the rigorous national Three Peaks Challenge.

Staff teams from Yorkshire Bank and Engage Mutual will aim to climb Snowdon in Wales, Scafell Pike in Cumbria and Ben Nevis in Scotland, within a gruelling 24 hours from 8am on 23 June to 8am on 24 June.

Yorkshire Bank’s climbers will raise funds for its charity partner Help the Hospices, a national charity which supports over 200 hospices across the UK; and Engage Mutual has pledged its fundraising efforts to the Steve Prescott Foundation, which raises money for the Christie Cancer Hospital and Try Assist, the Rugby League Benevolent Fund.

Both teams have been training with a number of endurance walks, tackling some of the highest peaks in the Yorkshire Dales, in preparation for the challenge.

Yorkshire Bank’s Steve Fletcher, Head of Retail Banking England, stated:

“We’re raising money for three worthy charities, and that alone will give us the motivation needed to cover the 6,800m up and down the three peaks in 24 hours, as well as the best part of 500 miles by road.

“The challenge is sure to test us all to the maximum but with some great teamwork I’m sure that the Engage & Yorkshire Bank team will be able to complete the task.”

Engage Mutual’s Business Development Director, Steve Treasure, added:

“The decision to take on the Three Peaks Challenge in partnership with Yorkshire Bank extends our successful working partnership, which has been running for more than three years now.

“As a joint team, we are putting 100 per cent into the challenge and are hopeful that our efforts will raise much needed funds for our respective worthy charities.”

Eighteen months ago, Yorkshire Bank launched the successful Vision tax exempt savings plan in partnership with Engage Mutual. This built on an existing distribution partnership for the Engage Guaranteed over 50 Life Insurance.

For further information please contact:

Kathryn McLaughlin        

PR Manager                

Engage Mutual Assurance    

Tel: 01423 855245            

Natasha Lobley

Media Relations Manager

Yorkshire Bank

Tel: 08456 035447

NOTES TO EDITORS

1.    Engage Mutual Assurance is a trading name of Homeowners Friendly Society Ltd (HFSL), Registered and incorporated under the Friendly Societies Act 1992, Registered number 964F and its wholly-owned subsidiaries, engage Mutual Funds Limited (EMFL) and engage Mutual Insurance Ltd (EMIL). Both HFSL and EMFL are authorised and regulated by the Financial Services Authority (FSA). HFSL’s Register number is 110072, EMFL’s Register number is 181487. EMIL is authorised to conduct general insurance business by the Financial Services Commission Gibraltar and is regulated by the Financial Services Authority for the conduct of UK business. EMIL’s FSA Register No is 485680. You can check this on the FSA’s Register by visiting the FSA website www.fsa.gov.uk or by contacting the FSA on 0845 606 1234.

2.    Engage Mutual is one of the larger UK mutuals providing simple, value for money savings, protection and investment products. It currently helps over 438,000 customers of all ages to protect, preserve or enhance their welfare, with some of the most straightforward products on the market. Engage Mutual prides itself on being a family-oriented, modern mutual, providing products that help enable households of all kinds to plan their finances to help meet their future needs. More information on Engage Mutual is available at www.engagemutual.com

3.    Engage Mutual supports mutuality through links with the Association of Financial Mutuals and Mutuo.

4.    Engage Mutual Funds Limited (EMFL) is a provider of the Child Trust Fund direct and in partnership with organisations including Yorkshire Building Society.

5.    Engage Mutual has been the title sponsor of the Rugby Super League since 2005 and has extended its agreement to 2010.

6.    Engage Mutual announced its entry into the health cash plan market in July 2008 following an agreement of partnership with Wakefield & District Hospital’s Contributory Scheme (WDHCS). Further to this, 30,000 health cash plan customers transferred from Premier Health Benefits (part of WDHCS) to Engage Mutual Insurance Limited.

100513/002

# # #





Tags: , , , , , , , , , , , , , , ,

Mutual Fund Investment – Top SIP Plans 2010 in India

October 13th, 2010 by Bank Loan | No Comments | Filed in News

Mutual Fund Investment – Top SIP Plans 2010 in India

Investing in Mutual Funds is one of the best way to earn more money in India. It gives good returns more than the regular savings schemes offered by the banks. The mutual fund industry in India is growing at a good pace and more investors are now investing in the mutual funds.

Some of the investors are feeling difficult to invest funds in the schemes at a single time. If they get a chance to invest on a monthly basis, it will be easy for them. So the mutual funds introduced the “Systematic Investment Plans” for the investors. In this SIP Plans, the investors can invest on a monthly basis. The minimum investment amount to be invested per month is Rs 500. But some companies have some schemes which has the minimum investment amount of Rs 100 per month. For example, SBI Chotta SIP and Reliance schemes have a minimum investment amount of Rs 100 per month.

Click here to download —->> Top Performing SIP Plans

Some of the best SIP Plans to invest for the year 2010 are:

HDFC Tax Saver Fund
SBI Chotta SIP plan
SBI Magnum Sector Funds Umbrella – Contra Fund
SBI Magnum Sector Funds Umbrella – Emerging Fund
Reliance Equity Fund
SBI Midcap Fund

There are lot of schemes that has SIP Plans to invest. But you have to spot the best by analyzing the returns given by them in the past 6 months, 1 year and 3 years.

How to Find the best SIP Investment?

Get the details of the returns given by the SIP plans. You can spot the best plan by analysing their returns. The details are available in related websites.

Iam a system engineer


Article from articlesbase.com

top sip in india

Tags: , , , , , , , , , ,

« Older Entries