Finmission's Class

The similarity between viral fever & equity market corrections Markets are down by almost 15% from the top. Portfolio values are also down. Investors have a common question. Will markets recover? Should they sell now? What is the outlook? Well, rather than answering this question directly, I want to use the analogy of viral fever. How do we get viral fever? Do we know it is coming? We get viral fever just about anytime. There is no specified timeline. Mostly, we don't know if it is going to hit us. It may happen twice in two months or may not happen for many years. Sometimes, our body gets indications a few days before but we can't do anything about it and we have to face it as it comes.  👉(Same with equity markets. We know it will fall but don't know when. It strikes when we least expect it.) What happens when we get viral fever? Our body aches. We get the temperature. We don't have the energy to go to work or accomplish pre-defined activities. We like to rest. We...

Yew ! Keeping expenses under control. An activity that baffles most of us! On understanding how to keep a check on expenses, saving enough and also keeping pace with the rising costs often makes us think that managing expenses is a tall task! but it is not that cumbersome-- Here’s the good news that budgeting of household finances can be made simpler. A little more of being organised and disciplined, and some simple math can help with you with budgeting. Discussing today – the 50/30/20 rule. (A practical thumbrule to get started ) Don’t let the numbers confuse you – it is actually simple. It means that 50% or half of your salary should go into basic expenses, 30% should be used for discretionary and 20% should go into savings. So,  whatever your net earnings are, half of it should be budgeted for your basic expenses, or what we can call essentials. This includes your rent, EMIs, transportation, utility bills such as electricity, gas, internet, hired help etc, and groceries an...