Everyone I know is worried right now—running for the hand sanitizer and staying home to avoid crowds. If you’re not getting out as much as usual, chances are you also have more time to panic over that other major pain point—the stock market jitters. We are wired for anxiety. It’s not just our reptilian “fight […]
March 2020 was brutal for the Indian mutual funds (MF) industry. The BSE Sensex fell by 31 percent, while the BSE Mid-cap and BSE Small-Cap indices fell by 32 and 32 percent, respectively, between January and March. Equity funds, on an average, fell by 27 percent in this period. All diversified funds fell, but some […]
When life gives you lemons, make Lemonade is a proverbial phrase used to encourage optimism and a positive can-do attitude in the face of adversity or misfortune. Lemons suggest sourness or difficulty in life; making Lemonade is turning them into something positive or desirable. Wikipedia In these unprecedented time of the human race, survival has become […]
In bad times, fundamental qualities and strengths of businesses shine through. The result is that although every company does badly, the good ones do less badly and recover better while many of their competitors just die out. By Dhirendra Kumar One of the problems in living in an environment where there’s a new piece of […]
Women should be equal partners in money decisions and ownership I am at the Bengaluru airport getting back from an event. An old friend calls, “Are you in the city?” “Just getting back home, why?” I ask. “No, my wife just came back from your event and is asking me what we do with our […]
As you are aware, Budget 2020 got a slew of changes for Non-Resident Indians (NRI). We endeavour to collate announced provisions and its impact for you. Residential status criteria under section 6 There are three provisions announced, which you should take note of regarding Residential status. New provision for taxation introduced based upon residency status. […]
Warren Buffett’s annual letter to shareholders of Berkshire Hathaway provides deep insights into how he and his partner Charlie Munger are thinking about investments. His net worth is USD 91 billion (about Rs 6,50,000 crore). 99% of his net worth is invested in a single stock. At the age of 89, he doesn’t want to […]
This one is for all you yogis, meditators, and Buddhists out there. You want to achieve enlightenment? The key is not in down dogs and green smoothies. The key is budgeting. I know that sounds crazy. But take it from Thich Nhat Hanh, “budgeting leads to enlightenment.” I’m just kidding, Thich Nhan Hanh didn’t say […]
Combined contribution above 7.5 lakh in PF, NPS and superannuation fund would be taxed from 1 April. The Budget has been a shock for high salary earners. On the chopping board is a critical tax benefit. If the employers combined contribution to the Provident Fund, National Pension System and superannuation fund exceeds Rs.7.5 lakh a […]
Attitudes about money are formed at a young and impressionable age, says Uma Shashikant. We were at a store. A young family was shopping. The mother picked up an expensive bag and examined it fondly. She looked at the price tag and sulked, but refused to move on. The father shook his head in disapproval. She […]