I like to know about money management.?

Answer 1

this site helped me a lot
http://www.indiahowto.com/how-to-manage-your-money.html

Answer 2

Money management is used in Investment management and deals with the question of how much risk a decision maker should take in situations where uncertainty is present. More precisely what percentage or what part of the decision maker's wealth should be put into risk in order to maximize the decision maker's utility function.

Money management gives practical advice among others for gambling and for stock trading as well.

Money management can mean gaining greater control over outgoings and incomings, both in personal and business perspective. Greater money management can be achieved by establishing budgets and analysing costs and income etc.

Answer 3

is used in Investment management and deals with the question of how much risk a decision maker should take in situations where uncertainty is present. More precisely what percentage or what part of the decision maker's wealth should be put into risk in order to maximize the decision maker's utility function.

Money management gives practical advice among others for gambling and for stock trading as well.

Money management can mean gaining greater control over outgoings and incomings, both in personal and business perspective. Greater money management can be achieved by establishing budgets and analysing costs and income etc.

Answer 4

The imp question is Are you trying to do it, or Are you trying to give money for someone to do it for you.

If it is the former, then go to the many Money Management sites that will teach you how to do it. It will also tell you the rules of SEBI or SEC.

If you are trying to have your money managed for you, then you can start by investigating what style of money manager you are looking for.

I do money management in $ right now only. In the future, I will be doing it in Rs as well as $ investments. I will be able to do stocks, ETFs and some CEFs with a return based on the risk profile that you fit into.

Good luck.

KKP

Answer 5

TIME VALUE OF MONEY
Assume you have Rs100 with you. You are able to purchase the material X for that Rs100. But , for purchasing X after five years you may need to give more than Rs100. ie the purchasing power of the money has been reducing. This phenomenon is known as 'inflation'.So you should deploy the money with ensuring that your return( say,interest) is more than inflation.

OPPORTUNITY COST
It can be defined as the cost of next best opportunity.If you keep your money stagnant you loose opportunity cost too.

MONEY MANAGEMENT
The art of managing money in the most effective way, after considering time value of money and opportunity cost , that result in the best possible net present value.

Answer 6

You will know it from books and people and from sites like this. But the HARD REALITY is that you will know it only when you earn your FIRST RUPEE BY "S W E A T". It will automatically make your brain work on money management.
Remember
SWEAT money is SWEET money.

Answer 7

Go to http://www.amazon.com/s/ref=nb_ss_gw/104-6413577-5764709?url=search-alias%3Dstripbooks&field-keywords=money+management&Go.x=0&Go.y=0&Go=Go
and you'll get a long list of books on money management.

Answer 8

Educate yourself by reading books and newspapers that deal with financial matters. Or better still go to school and get a MBA or CPA degree.