My views

This is my review of a fascinating book on finance called The Psychology of Money . Written by Morgan Housel who is a partner at the Collaborative Fund, this book focuses specifically on personal finance - how to make, manage and maintain your wealth. The book offers a deep dive into investor behavior and the mindset required to stay wealthy using a variety of analysis points and real world examples. Here are a few of my favourite learnings from The Psychology of Money: 1.    Mindset - The Psychology of Money gave me a brand new perspective on investor values and made me understand the importance of developing a stoic mindset with an optimistic outlook whilst investing as it is a fundamental aspect of creating a long term track record of success .  Housel also emphasizes the need for cultivating moderation whilst managing money, which will in turn be reflected in one's lifestyle . The myriad problems of becoming too attached to successes and failures are highlighted...

With an ongoing global recession occurring due to the Covid-19 pandemic, it has become  extremely important for everybody learn the basics of Economics . This will benefit you in so many ways as is about to be discussed below.  Day to Day Decisions: Often more than not, people ponder why certain products cost more in the market than others. With the knowledge of the basics of supply and demand,  they can understand that it is usually because of a low supply and high demand that products have a high price. Furthermore, learning e conomics helps you to not fall to misleading marketing strategies and also pushes you to think about both positive and negative externalities while doing a task. Life Decisions: Learning economics helps with making important decisions that can benefit your whole life. You will be able to choose between loans of various interest rates and decide which plots of land to buy in accordance to the real estate market trend. By analyzing th...

Why Do Firms Need Marketing? Marketing is for firms what breath is for humans. Generally speaking, the 3 main reasons why entrepreneurs say the reason their company faced heavy losses is because it was either undercapitalized, employed the wrong people or the market conditions were bad. However, I would like to add a fourth point here which is poor marketing. Not only does effective and good marketing help a company sell its product thereby generating revenue, it also helps build indirect customer and business relationships and helps the company gain widespread fame and an increased customer base.  Types of Marketing : 1. Print Advertisements 2. Word of Mouth 3. Radio and Television Advertisements 4. Social Media Advertisements 5. Cause Marketing - Marketing that involves messages about social causes and activist messages 6. Relationship Marketing - Marketing campaigns that stress customer satisfaction more than sales transactions. The Advent of Digital Media Marketing Prior to the...

As a build up to my previous blog which was also on the Stock Market , I will be explaining the various types of  Orders for buying shares, the notion of Intraday Trading and a very important concept for traders which is Short Selling . Types of Orders There are various types of orders which an investor can place to buy shares. They are:  Limit Order (LO) - Usually, an investor buys shares at their current market price. However, if the share's market price is at ¥500 and the investor wants to buy it at ¥475, he can place a Limit Order; following which, the order will get executed only when the market price drops to ¥475.  Market Price Order (MPO) - This is an order where the buyer/seller is ready to execute the order at the current market price. After Market Order ( AMO) - In India, investors can trade/invest in the stock market from 9:30 A.M till 3:30 P.M. However, if an investor wants to buy/sell shares after the market hours, he can place an AMO. However, the ...

During the ongoing Covid-19 pandemic that is raging the entire world, more people are looking at ways to multiply their money. In this post and the upcoming one, I will be covering the basics of one of the best ways to multiply your money, the  STOCK MARKET . What is Investing?  Investing means putting your money into any financial scheme with the hope of achieving a profit. Depending on the medium, profits gained from investments may take from 2 days to 20 years! However, it should also be noted that there is an even possibility for an investor to incur losses.  5 Types of Investments There are 5 main types of investments which are 1. Stock Market .  2. Gold .  3. Real Estate .  4. Bonds .  5. Mutual Funds I will be explaining all the other types of investments in another blog. However, I will be going over the difference between the Stock Market and Mutual Funds .  Stock Market VS Mutual Funds In the Stock Market, the investor is in charge of hi...

In the second blog of the duology exploring the disparate footprints being left by the coronavirus, I will be focusing on the various economic impacts that has been caused by it. The virus has caused a global recession that can only be comparable to the Great Depression of 1929. It has led to 100 million people losing their jobs globally and countries have had to close down their economies in order to tackle the virus. The stock market had crashed in February, although it had risen up in May because out of the 5 investing options( Stock Market , Gold , Bonds , Mutual Funds and Real Estate ), the 4 apart from gold were on a downturn too. Hence, investors had little other choice rather than investing in the stock market. Most sectors have been impacted in a negative manner mainly due to the business restrictions that the governments have imposed upon their country. Among the sectors which have been hit hard is the Information sector, where 254,000 people lost their jobs in the U...