Behavioural finance rests on a simple premise: The biggest risks in investing are embedded in ourselves as decision makers. Biology encourages our brains to take cognitive shortcuts that can cause big problems.
8 Insights on Getting Wealthy
It’s better to be wealthy than rich, even if you’re poor. – Author and NYT columnist, Paul Sullivan
That is the most accurate line I have come across in the context of being wealthy. And we are going to present you with three interesting stories that will help you understand.
Budget 2022 Highlights: CAPEX outlay stepped up to Rs 7.5 lakh crores; No major money transfer into the hands of the masses
Budget 2022 seems to indicate that the government continues on their path of inducing an investment led economic recovery. This budget is, just as the previous one was, very clearly supply-side oriented. The CAPEX outlay has been stepped up to Rs 7.5 lakh crores and no major money transfer into the hands of the masses, through tax cuts or otherwise, has been announced.
You Don’t Need To Be Smarter Than the Rest, You Only Need To Be More Disciplined
If you want to be a great investor, you must resist impulsive actions and understand that the road won’t be straight.
Unprecedented Tax Revenue Collection Can Be Utilised to Close Past Liabilities
India’s burgeoning tax receipts have surprised those who termed the pandemic as a death knell for India’s struggling economy. Rarely has an economic recovery been so dramatic as the one being seen now.
That India’s tax collection is on track to beat pandemic hit FY 2021 is in itself surprising. Even more surprising is that they are well positioned to beat the collections of FY 2020 which was a regular growth year. Indeed, India is in the middle of an unprecedented tax revenue generation cycle.