Make Your Money Work For You
In a Base rate fallacy, people prefer to disregard statistical and other commonly accepted facts in favour of merely fresh or recent information that they have been presented with. Consider these two examples – In one example, a Finfluencer, appears in front of a nice high-end luxury car and claims that everyone can make money and …
The stock market in India has been witnessing a substantial influx of new investors in the past few years. There is also a major shift happening in the stock broking landscape, with the spike in discount brokers. So, the major question that comes to our mind is that – “How should new investors select a …
First and foremost, let us try to comprehend what the MWP Act is. The Married Women’s Property (MWP) Act provides financial protection for the spouse in the case of the insured’s untimely death. It assures that the insurance policy benefits are preserved for the wife, independent of any unpaid debts owed by the husband. Irrespective of …
In 1948, the McDonald brothers, Richard and Maurice, briefly halted their barbecue restaurant to simplify their operations. When they reviewed their sales, they realized that the vast majority of their revenue came from a few items (largely hamburgers). Now they had a daring plan: why not concentrate just on the best-seller items? They reduced their food …
As history has shown, we are all smart human beings who try to increase our wealth sensibly. However, when it comes to financial markets, it is widely acknowledged that emotions and psychology often impact our actions, prompting us to react in unusual and unreasonable ways. Behavioural finance is an exciting area of finance that blends …
As chronic illnesses like diabetes, heart disease, and arthritis remain prevalent, it is difficult to navigate health insurance in India. These health disorders need on-going medical care, which heavily impacts health insurance decisions. The waiting time is an important consideration when purchasing chronic disease health insurance. This is the time between when you purchase the coverage …
While most Indians are financially unprepared for retirement, many are unaware of the gravity of the situation. In a recent poll, just 20% of respondents said that real retirement planning should begin before the age of 30. On average, respondents surveyed were unable to visualize the retirement corpus that they would need at the time …
In the rapidly changing field of finance, where emotions sometimes outweigh rationality, base rate investment provides a fresh viewpoint. This method, based on the notion of the ‘base rate fallacy’, enables investors to make judgments based on broad knowledge, minimizing the potential risks of responding to particular short-term influencing information. Let us first try to …
Just to start with a disclaimer here, I am not a proponent of a credit card. I do not recommend people to buy credit card, as I am of the old-school follower that spend what you have in your hand, and do not spend by borrowing or taking credit. But the main objective of this …
In the financial markets or in everyday life, not every challenge to the traditional status quo is successful. In the financial world, microcap stocks are considered hazardous since they are. For every story of meteoric growth, there are many stories of downfall and tragedy. An examination of historical data indicates a startling trend: a sizable …