Contrast Effect: Heard about the cat that didn’t want to drink milk? If not, here’s the story. A cat was given hot milk every day and after a few days, when lukewarm milk was kept, it refused to drink the milk thinking that the milk will be hot. This is the contrast effect. The contrast […]
The contrast effect and how it affects your investment decisions| My Money Sage Read More »
Action Bias: For how long will you be able to keep quiet without doing anything, that is, if you are not meditating? 5 minutes? 15 minutes? Half an hour? I am sure you will be bored after that. Even if you are silently watching Facebook or Insta0gram, will you not react to posts? I am
Action Bias in Investing – How to come over it? Read More »
Have you heard the Reserve Bank of India (RBI) is doing the Twist? I’m not joking. Well, RBI has taken up ‘Operation Twist’. The first lap of this operation was launched on December 19, 2019. This ‘twist’ will help improve long term investments in India. What is this all about? Listen to the Article:Your browser
Operation Twist & how does it affect investors? Read More »
Rahul has got a savings account, equity shares in listed companies, mutual fund investments, and a residential flat. He has also got a life insurance policy. He has named his wife as the nominee under the policy. Rahul has also named his wife and mother as the nominees for various properties that he owns. He
Nominee or Legal Heir: Who will inherit your assets? Read More »
Butterfly Effect Do you know that a butterfly flapping its wings in New Mexico has the power to cause a hurricane in China? That’s the Butterfly Effect! It may take a very long time for that to happen but there is a real connection between the two events. The hurricane would not have been there
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Planning Fallacy: Have you read about that flyover in your city which was supposed to be completed in 2010 but is yet to get completed? There are several such projects in India and abroad. India’s Ministry of Statistics and Programme Implementation says that as many as 340 infrastructure projects, each worth Rs. 150 Crore or
How to Avoid Planning Fallacy In Financial Planning | My Money Sage Read More »
Parkinson’s law When they read Parkinson’s, most of the people think of Parkinson’s disease. However, here I am talking about the Parkinson’s Law. This law states that “work expands to fill the time available for its completion.” This was written in 1955 by Northcote Parkinson, a British naval historian and author. All of us might
How the rich defy Parkinson’s law | My Money Sage Read More »
Mahabharata Mahabharata is one of the greatest and most loved epics in Hindu mythology. This was written by Sage Vyas. The story is about the war between the Kauravas and the Pandavas. It’s a good vs evil, virtuous vs vile story. The story helps you to differentiate between the good and the bad. Your grandparents
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HNIs Financial Planning Is making your wealth grow so difficult? Of course! It is a lot of hard work, especially if you have a huge surplus. Being a High Net-worth Individual and having a lot of money to handle is common. When you have a lot of money, it will not be easy to re-arrange
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Company Deposit Defaults/Frauds An interest rate of 11-12 percent per annum for a period of 3-5 years seems pretty lucrative. Moreover, if it comes from a deposit, it appears safe. No wonder investors rush to buy company deposits. These are fixed deposits issued by companies that include manufacturing firms and Non-Banking Finance Companies (NBFC). What
Here is how to handle company deposit defaults/frauds | My Money Sage Read More »
