Friday, September 22, 2006
The upcoming 2006 Mississauga municipal election, to be held November 13, features an array of candidates looking to represent their wards in city council.
Wikinews contributor Nicholas Moreau has contacted as many candidates as possible, including Tony Ciufo, asking them to answer common questions sent in an email. There is no incumbent in the newly created ward; the sixteen resident competing for the position are Shah Rukh Alam, John Briers, Jamie Dookie, Dale D’Souza, Prag Euclid, Adnan Hashmi, Elias Hazineh, Jack Janiak, Fasal Javaid, Craig Lawrence, Sue M. McFadden, Patrick Mendes, Barbara Polis, Graziano Roti, Ali Tahmourpour, and Scott Wilson.
October
28
Investments Through Mutual Fund Sip Systematic Investment Planning.
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Investments through Mutual Fund SIP Systematic Investment Planning.
by
Ryan Crown
There are a couple of ways that you can invest in a Mutual fund; one is a one time payment and the other through periodic investments. The later is termed to be Mutual Fund SIP. When you go for one time investments, you just hand over the cheque and you get your fund units depending on the value which is called Mutual NAV (Net Asset Value) of the units on that particular day. When you go in for this kind of investments a couple of factors creep in that determines the number of units you get. A small percentage of your investment is charged as an administrative fee and is termed as entry load. The other charge that is levied is the Mutual Fund NAV, which is the price of the unit of a fund. Say if you are investing Rs 9000/ and if one particular unit costs Rs 30/, then the total number of units that you get to purchase is 300. The other type of investment is done periodically instead of a one time down payment. This kind of investment planning is called Mutual Fund SIP (Systematic Investment Planning). This type of investment is done when you tend to go for high capital gains and you need to invest a bigger amount, but find it difficult to invest it at a single time.
It is then that the concept of Systematic Investment Planning creeps in. If you intend to invest a sum of Rs 10,000/ into a particular Mutual Fund, but your current financial obligations prevents you from doing so, then with the concept of SIP, you breakdown your investment principle into equal installments month wise. If a monthly investment of Rs 1000 is done at the end of the year you end up investing a sum of 12000/. Unlike general investment where you pay an entry load, SIP usually doesnt charge any fee, though as of late some companies have started to in the form of exit loads, which is a fee charged when you sell your units. The minimum amount that has to be invested during a one time investment is Rs 5000/, where as incase of a SIP it could be Rs 500/ or more (depending on the company). In most cases payments through SIP is done month wise, but companies also gives their customers the option of making the payments half-yearly or quarterly. Payments are basically made Electronic Clearance Service from your bank; this means the mutual fund will, as per your instructions, debit a certain amount from your account every month. If you dont have the required money in your account, then for that month, no units will be allocated to you. But, if this continues periodically, the mutual fund will discontinue the SIP. It is a compulsion that you state to the company as to how long you long you would want the SIP. After that during the course of the period if you realize that you cant continue with the SIP, all you have to do is inform the fund 15 days prior to the payout. The SIP will be discontinued. You can continue to keep your money with the fund and withdraw it when you want. The amount invested till then will be considered as the total investment made. Investing in Mutual Fund through SIP makes your budget more disciplined. Every month you are forced to keep aside a fixed amount. It helps you make money over the long term. Since you get more units when the NAV (charge/unit) drops and fewer when it rises, the cost averages out over time. So you tide over all the ups and downs of the market without any drastic losses. In case of SIP basically no fees are charged, but if you sell your units in a year time you pay and exit load. Hence it pays to invest in a longer run. The best way to enter a mutual fund is via an SIP. But to get the benefit of an SIP, think of at least a three-year time frame when you won’t touch your money.
Investment and Financial Planner for a leading Mutual Fund House in India. To read more about Investment planning with Mutual Fund SIP click
here
.
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Investments through Mutual Fund SIP Systematic Investment Planning.
Wednesday, March 30, 2005German retail corporation Rewe plans to open several Penny Market discount stores in Romania in the middle of this year. Rewe is mainly interested in opening stores in cities such as Ploie?ti, Câmpina, Tecuci, Foc?ani, One?ti, Craiova, Caracal, Constan?a, Medgidia, Alexandria and Ro?iori de Vede. Most of these cities have populations of below 100,000 people, and Rewe is hoping to take advantage of a market that has not been highly tapped into, since most of Romania’s larger cities, such as Bucharest, Cluj-Napoca and Ia?i, already have multiple large supermarkets and discount stores.
Rewe also announced that, over the next few years, it intends to open a total of 50 Penny Market and XXL Mega Stores in Romania. Rewe already operates 14 several highly-successful Billa supermarkets throughout Romania, mainly in large cities, as well as 8 Selgros stores. Rewe has previously made announcements that it wishes to expand its Billa and Selgros brands more extensively. The total value of the company’s investment in Romania is around 200 million euro.
Romania is currently going through a retail boom, especially in the supermarket and discount stores area. Large corporations such as Rewe and Carrefour have established very successful branches in Romania, and other retail giants such as Tesco and WalMart have announced their intention to enter the Romanian market, which is the largest in Southeastern Europe.
The mini MAX discount company said it would open three stores in Romania, in April-May of this year, in the cities of Slatina, Târgovi?te and Urziceni. It plans to open up to 100 stores until the year 2010. Meanwhile, Tengelmann, Rewe’s rival, said it would invest 200 million euro in Romania to open 120 supermarkets in the next five years.