Behavioural Biases Affecting Investment Decisions and Their Fixes – II
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 Bias,...
Behavioural Biases Affecting Investment Decisions and Their Fixes – I
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, Hindsight...
Investing in MFs is different from Financial Planning
Executive Summary: Many people make the mistake of considering financial planning and investing in MFs as one and the same. Financial Planning is a comprehensive plan on how to manage your finances and build your wealth. Mutual funds are instruments to help achieve...
Income Tax changes for FY 2017-18
Ayush Bhargava EXECUTIVE SUMMARY: This year’s financial budget failed to please a big portion of economy however, for lower and middle income group this budget will help in saving more money. This article includes several points with respect to changes in...
Insure Your Gadgets
Executive Summary: It is good to insure gadgets like phones, laptops, camera equipment as they are expensive and play an important role in our life. Here is a lowdown on three insurance policies that offer equipment insurance - Bharti AXA Portable Equipment Policy,...
Retirement Planning Tips for Doctors!!!
Download PDF Income, savings, investments and planning all of these come into the picture when doctors actually start earning. Often doctors start earning later than the professionals in other fields due to their educational requirement. Initially doctors face...
All about Confirmation Bias and Hindsight Bias.
Have a balance between Confirmation Bias & Hindsight Bias Download PDF Imagine that you have a Systematic Investment Plan (SIP) amounting to Rs. 5000 worth of investment every month in a large cap diversified equity mutual fund. You plan to accumulate a corpus...
How overreaction and overconfidence affect your money matters.
Now let’s talk about Overconfidence. In simple words, overconfidence refers to the quality of having more confidence than you should, and as a result, you misjudge your ability or knowledge about a specific case. In life, this can often land you in trouble,...
Should you carry your credit cards on your international holidays?
Executive Summary : Planning and managing international holidays is not easy. Apart from deciding on the budget and the itinerary, it becomes very critical to plan on the right mode of carrying money. Further, there should be continuous access to funds...
Retirement Planning Tips for Doctors!!!
Download PDF Income, savings, investments and planning all of these come into the picture when doctors actually start earning. Often doctors start earning later than the professionals in other fields due to their educational requirement. Initially doctors face...
All about Confirmation Bias and Hindsight Bias.
Have a balance between Confirmation Bias & Hindsight Bias Download PDF Imagine that you have a Systematic Investment Plan (SIP) amounting to Rs. 5000 worth of investment every month in a large cap diversified equity mutual fund. You plan to accumulate a corpus...
How overreaction and overconfidence affect your money matters.
Now let’s talk about Overconfidence. In simple words, overconfidence refers to the quality of having more confidence than you should, and as a result, you misjudge your ability or knowledge about a specific case. In life, this can often land you in trouble,...
Should you carry your credit cards on your international holidays?
Executive Summary : Planning and managing international holidays is not easy. Apart from deciding on the budget and the itinerary, it becomes very critical to plan on the right mode of carrying money. Further, there should be continuous access to funds...
Antoine de Saint-Exupéry
A goal without a plan is just a wish!