And in the bargain make yourself a smarter investor.
5 Ways To Rewire Your Brain
Warren Buffett states that "Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ". Instead, what gets people into trouble is their temperament and making the wrong decisions.Yet, once you are aware of it, you can actually control these biases which in turn can have a pretty big impact on your returns.
When we take our family on a holiday, we make several plans – for travel, stay, sightseeing, equipment, food, and other expenses. Many of these decisions however depend on a crucial factor – our travel destination. If we travel to Ladakh we will carry woolens and trekking equipment; if we went to Goa we will pack sun screens and swimming costumes. Our travel plan is defined by the destination. Similarly, our investments have to be defined by our financial goals.
Many prefer to switch jobs in pursuit of growth in their careers. For them it not only opens doors of opportunities and increase earnings, it also enriches one in terms of learning in life. Though one may differ from the view of job switchers, most of us would benefit from switch facility in mutual funds.
It’s been 5 years since Raj married his childhood love Maya. A gradual increase in expenses has been a concern for Maya, even after her conscious efforts of not falling prey to unnecessary expenses. But Raj doesn't give a heed to Maya’s worry and almost every Sunday morning there is a light tension in the air when they discuss about the weekly expenses.
Budget guided by mission to strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors
General highlights
The Union Budget 2018 has given emphasis on strengthening the rural economy and boosting consumption. It ticks all the right boxes with its slew of benefits including higher minimum support prices (MSPs) for kharif crops, upgradation of rural haats to give farmers better access to formal mandis, enhancing the agricultural marketing infrastructure, and promoting organic farming.
Here are 14 ways in which Budget 2018 has come to the rescue of the rural economy:
Fear and insecurity have gripped Dalal Street again. But while the market professionals are still betting big, mutual fund investors, especially the ones who’ve never experienced a crash, are petrified.
Mutual funds are a potential investment vehicle to cater to multiple needs from short term parking of funds, tax savings and wealth creation. While talking about mutual funds, it is essential to be aware about the concept of volatility and how volatility can impact your product selection.
