Does a "non compete agreement" have any real monetary value in the state of Florida?

I'm evaluating a business for potential purchase and on their balance sheet they have "NON COMPETE AGREEMENT" listed as a current asset with a value of $15,000.00. This seems like an arbitrary number to me to falsely inflate the value of the business and to the best of my knowledge, Florida is a "right to work state" where non compete agreements are not enforceable by law. Should I disregard this as an asset when considering my purchase/evaluation of the company?

Advise on portfolio and asset allocation?

I am 42, an NRI Engineer and my monthly saving is Rs.2 lakhs that I want to invest properly.

My current investment is as follow:

1.40 lakhs in mutual funs invested so far in mutual funds via SIPs
2.5 lakhs in gold
3.5 lakhs to relative with 1% interest
4.25 lakhs in NRE FD with interest rate of 3-4%
5.PPF- Rs.3.5 lakhs
6.MIS total Rs.5 lakhs

Currently investing one lakhs per month, Via SIP in the following mutual funds.
(10,000 X 10 funds = One lakhs per month)

1.Reliance Regular Saving Equity
2.Birla Sun life frontline Equity
3.Reliance Growth
4.HDFC Equity
5.HDFC Prudence
6.HDFC TOP-200
7.Birala Sunlife Mid cap fund
8.Birala Sunlife 95 Fund
9.IDFC Premier Equity Fund
10.Kotak-30 fund

Please guide me for the following.

1.About asset allocation
2.Selection of funds
3.Where I should invest my remaining saving of Rs. One lakhs per month? I don’t need any money for next 6 years.
4.For debt investment, as an NRI what options are best – MIP? Debt funds?

Regards and I am really poor at finance


what is 5 star rating & 3 star rating & 1 star rating in mutual funds ?

I wish to invest in mutual funds , I just taking the knowledge of mutual funds , I had visited several website concern to mutual funds , such as money control , mansukh , bluechip , sarajit datta , etc , Now I wish to ask what is the exact meaning of 5 star mutual funds , 4 star mutual funds , 2 star mutual funds ETC , is that it means that 5 star mutual funds are very very good compare to 2 star mutual funds or 1 star mutual funds , please explain me this , ( please note that I wish to invest in equity diversified or ELSS ) also say if I just invest in 5 star mutual funds or 4 star mutual funds whose fund asset size is large / grater than 1000 crores or 500 crores , is that my thinking proper or I am wrong , please help me , or should I invest in just looking to 5 star funds whose fund asset size is less than 50 crores , but past performance is good , please help me .

How to do planned asset allocation in mutual fund?

Suppose a person aged 35 years with monthly savings of Rs 10,000 wants to invest in mutual funds. How should he proceed? He needs to purchase a flat in 5 years (Rs 25L), needs to raise one kid, help complete his education and prepare for retirement at the same time. How can he achieve all these aims by suitably planning asset allocation?