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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 …
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 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 …
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 …
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 …
Many individuals believe that transactions between spouses are tax-free. But the truth is bit more complex. While certain measures exist to avoid the application of taxes on asset transfers between spouses, there are also laws in place to discourage the abuse of these exceptions for tax evasion. Individuals must understand both sides of the income tax equation …
Many people neglect or ignore a few basic and frequent factors of their financial well-being. As we all know, major investment classes include real estate, gold, and financial instruments such as stocks and bonds. If you buy a house to live in, this is considered consumption. In a similar way buying gold or jewellery to …
Everyone is understandably concerned about the cost of health insurance premiums. Regardless of the reasons, it is a good idea to examine your health insurance plan on a regular basis to ensure that it still fulfils your needs and whether it is the most suitable one available in the market for you. Porting of insurance should ensure that …
The Indian equity and bond market has seen a tremendous shift over time. With its strong economic expansion, rising disposable income, and the advent of technology propelled platforms, the whole financial ecosystem is seeing an upsurge in investing. This has resulted in a considerable growth in the number of capital market investors, changing India from a …