You know June 30th is the last day to report your foreign bank accounts details (fbar) to IRS. So remember, if you’re an American citizen, and have over K in foreign bank account, savings account, you need to file this report (FBAR FORM) by June 30. Deadline for 2010 FBAR forms is JUNE 30, 2011 … Read more
Many foreign investors and private equity funds putting money in Indian firms will soon realize that pulling out of the country can be a lot tougher than they imagined. For years, offshore financial and strategic investors have struck deals with their Indian partners to put in place an easy exit arrangement. It gave the abroad … Read more
In financial circles, the stock market and the Forex market are considered the best investments to create quick return on your money. While experienced traders often make huge profits, other traders lose their investment. What you need are the right tools to help you become successful. The current economic crisis was not foreseen by … Read more
Emergency savings funds are money that you set aside to use in the event of an emergency. The amount in your emergency fund will depend entirely on you and your situation. How much are your monthly expenses? Which ones can be reduced in the event that you have to live off the rainy day fund? … Read more
A mutual fund is an investment company that pools together the money of its shareholders, and invests it in a variety of stocks, bonds or money market instruments. A Mutual fund is usually managed by a professional fund manager, who is responsible for making investment decisions. By owning a share of a mutual fund an … Read more