Top 5 Financial Gifts for your Valentine
Written on: Februarie 14, 2022
Title : Top 5 Financial Gifts for your Valentine
link : Top 5 Financial Gifts for your Valentine
Top 5 Financial Gifts for your Valentine
Top 5 Financial Gifts for your Valentine
what is this password for your new demand account what hey folks see ya rational randy here and I welcome you all to the valentine's day special video uh by the way everyone knows that valentine's day is around the corner and in this video we are going to discuss about top 5 financial gifts that you can give to your valentine by the way at the end of the video there's a surprise so don't forget to watch the video till the end you know recently me and my husband we were watching a web series and in that the actress had won a beautiful necklace with solitaire and I was like oh wow and I just looked at my husband and he said I would rather buy stocks of that company and you know what he got me wrong he's actually going to give me a lot of titan shares and wait hashtag this is not a recommendation I'm just telling you
what happened the other day okay so can a person gift stocks to someone who he loves yes answer is absolute yes but if you're not comfortable with gifting stocks can you also gift ETFs absolutely yes so it could be something like an index ETF also but then the big question is that okay physically gifting something is very easy but how can you gift stocks or ets which are in a Demat account if you don't know how to give stocks or ETFs you can surely go and check out this video in which I've explained in detail the procedure in very simplified words if you don't have an account with 0 you can also check out the link in the description box by the way but all this said and done are there any charges involved while gifting stocks or ETF's answer is yes you should be aware of this the charges applicable are 25 rupees as a flat fee or 0.03
percent of the gift value whichever is higher additionally eighteen percent gst will also be charged gift charge is calculated per I sign or per company by the way the sender of the gift whatever the charges that I discussed right now those will be automatically debited from whom from the senders trading account that is it about the charges but what about the taxes are not to be borne by the sender the taxes are to be borne by the receiver of the gift this all things are discussed in section 56 of the income tax act about the gifting taxation right but then uh whether the gift is received from a relative whether the gift is received on the occasion of marriage or what there is a lot of ifs and buts to be discussed for this for that I've prepared a separate blog so don't forget to check out this blog for two things number one taxation of the gift received and also
about the charges which are applicable for sending the gift the next gift that I'm going to discuss is generally very less talked about but i believe that it's really important and that is gifting your time remember when was the last time when you all as a single-family unit sat down at the dinner table and maybe were discussing finances if you have recently started earning did you discuss finances with your father or with your mother if you are recently married have you discussed finances with your better half if your child has asked about some financial query have you tried to give time to that query and try to find out a simplified answer for this and communicate it with your child I believe that long gone are those days when discussing
finance was considered as a taboo let finance become something like a free-flowing topic and let that be considered as the new normal so this valentine hashtag break the ice and talk about finances with your loved ones in your family may be in the initial time it might feel awkward for you but please don't shy away from it so moving on with our third financial gift but I believe that rather than what's up sometimes you know songs speak louder than words except [Music] there are so many things which happen in your life without any intimation and if such things happen in your life I'm sure everyone will agree that it can create a big hole in your pocket right so what am I talking about yes you have guessed it right I'm talking about insurance it is something which everyone knows but everyone hesitates while paying the premium for that so this valentine why not think about gifting health insurance for your valentine
this will surely secure their health and also safeguard their long-term financial goals and you can do this through money pal Cigna health insurance that offers a customizable and comprehensive health coverage it's a joint venture between Manipal group which owns and operates Manipal hospitals which is India's second-largest healthcare chain with patient-friendly 27 hospitals across fifteen cities with seven thousand six hundred plus beds and a pool of four thousand plus doctors and sigma corporation is a global health service company with over two twenty-five years of experience they offer health insurance products with some insured ranging from five lakhs to three crore rupees manipula takes care of your health care requirements arising in India and abroad it also rewards your loyalty behavior from the fourth year onwards in the form of loyalty discounts so you can choose a health insurance policy as a financial gift for your valentine and if you
want to know more you can surely check out the link in the description box I'm sure you will agree with me that we Indians have a special love affair with gold we never ask our friends how many diamonds you have how much silver you have how much platinum you have but we'll always ask that is what we'll ask for sure right in fact as per one of the reports which were issued by the world gold council a little bit old report in 2019 it was mentioned that Indian households had accumulated roughly 25 000 tons of gold animation team control her emotions better well this was almost 40 percent of India's then gross GDP in the nominal gross GDP right, in fact, there was one more report which I read uh that was the uh that report mentioned that rbi roughly had 743 metric tons of gold
that is roughly around 819.93 tons of gold so you can imagine that indian households possess more gold as compared to rbi but why should we be talking about gold because this is one of the favorite gifting options that we always consider what are things that we should check before buying gold we should check whether it has a proper hallmark logo or not what is the purity level what is whether the jeweler's logo is present or not what are the making charges what is the weight of gold the stone started and also oh my god lot many things to be considered right but if you don't want to go into all these complexities why not consider gifting a gold bond rather than gifting gold right in fact if you gift a gold bond there is no worry of theft no making charges involved no no fund of what is the you know quality or the purity of gold nothing nothing to be checked here in fact if you are buying a gold bond you will also get a 2.5 percent rate of interest on that so if you want to know more about sgb's i had
covered this video somewhere around in June 2020 surely go and check it out i hope you have understood that gifting gold or gold bonds can be surely considered but you know you can also give something to me what is that just smash that like button that is no less than gold for me you know for many people their hobby or their passion is different from their profession now why does this happen many people give excuses that they never found time to upskill themselves to gain more knowledge on their hobby or on their passion but i think long gone are those days when you can give such excuses right because knowledge is available at your fingertips online many of my friends offer a lot of courses and on a variety of topics just as an example you have a beautiful course from Ekta which is on gardening from Madurai which is about cooking from web hub which is on growth hacking and from raj which is on public speaking and when it comes to investing you have course from me and you have a special coupon code for investing in my courses i don't ask
about discount codes for other courses right well this valentine you can surely consider gifting a course to your valentine which can help them to upskill or re-skill themselves and maybe in next few days or months or years your valentine can tell you that because of you I was able to convert my passion to my profession and become financially independent and I'm sure this will surely make you very happy well I hope you have loved this video on top 5 financial gifts for your valentine are these the only financial gifts answer is obviously no if you can think of any other financial gifts please don't forget to put your comment in the comment box and if you have loved this video don't forget to share this video and share financial literacy with your family and your friends if you want to know more about how to gift stocks you can click here and if you want to know about top three stocks based on budget 2022 you can click here till then take care Jai hind and bye-bye
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