by Vidya Kumar | Jun 28, 2018 | Ayush Bhargava, Financial Literacy, Health Insurance, insurance, Investment, Life Insurance, Mutual fund, personal finance
Ayush Bhargava Executive Summary – Financial Journey is started as soon as one acquires a job or a work where motive is to earn money. Though in first few months’ people tend to spend earnings, however at a later stage the urge of saving money is felt...
by Vidya Kumar | Jun 20, 2018 | Financial Literacy, personal finance, Vidya Kumar
Executive Summary: We tend to base our decisions on information that is recent or easily available or on recent events or those retained in our memory. This is known as availability bias. It is not an optimum way to make decisions as different aspects of a news item...
by Vidya Kumar | Jun 6, 2018 | Financial Literacy, financial planning, Vidya Kumar
Executive Summary: We tend to overestimate our capacity and benefits of our tasks and underestimate costs, efforts and time to do those tasks. This is called planning fallacy and it can affect our financial plan. We can avoid planning fallacy by setting realistic...
by Vidya Kumar | May 23, 2018 | Financial Literacy, Vidya Kumar
Executive Summary: As humans, we have the instinct to take some action all the time. It feels satisfying. But taking action is not always in the best interests of your investment portfolio. Sometimes it is better to wait till the complex situation passes by, ...
by Vidya Kumar | May 16, 2018 | Financial Literacy, Vidya Kumar
Executive Summary: Behavioural biases affect people’s capability to make the right investment decisions. In this post we talk about Loss Aversion, Herd Mentality, Sunk Fallacy and Self Attribution. In the previous post, we talked about – Confirmation...
by Vidya Kumar | May 9, 2018 | Financial Literacy, Vidya Kumar
Executive Summary: Behavioural biases affect people’s capability to make the right investment decisions. It is important to not let emotions rule over the rational mind when it comes to money matters. Here we talk about Confirmation Bias, Familiarity Bias,...
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