This is a new tax-saving investment scheme introduced by our finance minister and is now approved for roll out. RGESS is a tax saving scheme meant to invest retail investor’s money into the stock markets that will allow tax breaks. This scheme is similar to ELSS . Let us take a quick insight at its […]
Money
A Day in the Life of an Ordinary Billionaire –
CLASSIC BUFFETTISMS: “Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.” “Only when the tide goes out do you discover who’s been swimming naked.” “It’s better to hang out with people better than […]
Eighth Wonder of the World to get Rich – The Power of Compounding
Albert Einstein, arguably one of the most intelligent people who ever lived, was asked what he thought was the greatest of mankind’s discoveries. His answer: “compound interest.” He went so far as to call it the eighth wonder of the world. As an example of just how powerful this can be, consider the following scenario. […]
What Benefits can I Expect From Utilizing the service of a Certified Personal Financial Advisor
There are many benefits from undertaking the services of Financial Coaching. Depending on your circumstances and your commitment to change, these could be many and varied and include: Confidence and knowledge in handling your finances and planning for your future Setting your kids up to be financially successful Knowing how much you need to save for […]
Are you investing in real estate? Unsold housing may trigger price cuts!
If the sales pitch for real estate has suddenly gone up, as have the discounts, don’t think it is the generosity of the builders driving this kind of sales. Poor sales in newly developing areas and a dip in demand from homebuyers is leading to an inventory pile up. This in addition to regular launches […]
Loss aversion? Most investors and traders are victim of this phenomenon!
Loss Aversion: In economics and decision theory, loss aversion refers to people’s tendency to strongly prefer avoiding losses to acquiring gains. Some studies suggest that losses are twice as powerful, psychologically, as gains. V Raghunathan explains this phenomenon in his book The Corruption Conundrum and Other Paradoxes and Dilemmas. ‘The pleasure of Sensex going up […]