The Last of the Mohicans (Instrumental Cover)

Quote of the day

5AM: The hour legends are either going to sleep or waking up - Millionaire Minds

"If you don't make mistake, you're not working on hard enough problems. And that's a big mistake." - Frank Wilczek (an American theoretical physicist, mathematician, and Noble laureate)

“If we don’t change direction soon, we’ll end up where we’re going.”
– Professor Irwin Corey (an American stand-up comic, film actor, and activist)

PUSH YOURSELF, because no one else is going to do it for you.

If you don't BUILD YOUR DREAMS someone else will hire you to build theirs.

You don't need anything different to make money, you just need better.

What we fear of doing most is usually what we most need to do - Ralph Waldo Emerson

Happy people plan actions, they don't plan results - Denis Waitley

Re-set, re-adjust, re-start, re-focus... As many times as you need to.

The first duty of a man is to think for himself - Jose Marti

Not all storms come to disrupt your life, some come to clear your path.

Quote of the day

Hope is passion for what is possible - Soren Kierkegaard 

You develop courage by surviving difficult times and challenging adversity - Barbara De Angelis

Quote of the day

"Everything you can imagine is real." - Pablo Picasso

"Sometimes there's not a better way, Sometimes there's only the hard way." - Mary E. Pearson

Best way to Invest in Gold - SGBs

Sovereign Gold Bonds : Features and Advantages

If you are looking for investment in gold, invest in SGB instead of physical or gold ETF. It is the best way for investing in gold. It is issued by RBI on behalf of the Government of India. It comes in Demat form, not in physical gold. That is why it very safe and pure. In physical gold there is a risk of theft and other costs involved. Also, you are going to get 2.5% per annum interest on it that is a kind of bonus to you for holding it in Demat form. And there are so many benefits of SGBs, which has been highlighted below. Read and explore more.

Storage - Risk free investment, no storage cost or maintenance cost

Tax benefits - No tax on capital gain out of gold price appreciation, if redeem after maturity

Trade on stock exchange - You can redeem in the secondary market (Stock market), if required

Indexation benefit - Long term capital gain from selling it in secondary market are indexed

Interest - Interest @2.5 % per annum on the market price of gold twice a year

Hedge against Inflation

Discount - INR 50 per gram discount on the nominal value

Investment - Minimum 1 gram, Maximum 4 KG per investor, for entities 20 KG

Tenure - 8 years

How to invest in SGB

Use following mode to invest - 

Nationalized banks

Scheduled private and foreign banks

Designated post offices

Stock Holding Corporation of India Ltd. (SHCIL)

Authorized stock exchanges

- Date for subscription for SGB is released on RBI website for year 2021. Check using the link below-

RBI Notification

Read | Invest | Earn | Grow |

References -

https://scripbox.com/mf/sovereign-gold-bonds/

https://www.icicibank.com/Personal-Banking/investments/sovereign-gold-bond/benefits.page

Quote of the day

"Life is not about finding yourself. Life is about creating yourself."

-George Bernard Shaw

Quote of the day

A calm sea does not make A SKILLED SAILOR.

Can you get 1 Cr with just spending of 300 per day and without taking any risk?

Invest in PPF 300 per day or 9000 per month and see the magic of the power of compounding. I am assuming an 8% interest rate on PPF. Keep putting your money for 15 years and don't withdraw it after maturity. Just extend it 3 times more for a period of 5 years each. Your total investment horizon will be 15+15=30 years. In just 30 years, you are going to be a millionaire. Is not it amazing.!

References: https://tinyurl.com/mj9um4nw

Invest in Post Office Scheme and earn 4950 per month

If you deposit 9 lakh in the post office scheme, you will get interest on it @6.6% which will be 59400. You can withdraw this amount @4950 per month. To deposit 9 lakh, you need to open a joint account. The single account holder can deposit up to 4.5 lakh only. The maturity period is only 5 years, so you can extend it after maturity.

Read more here - https://www.msn.com/en-in/money/topstories/post-office-scheme-get-rs-4950-per-month-on-your-investment/ar-BB1gMlue?ocid=XMMO

Also, you can go to your nearest post office to get more information about it.

Quote of the day

 "IF YOU HANG OUT WITH CHICKENS, YOU ARE GOING TO CLUCK AND IF YOU HANG OUT WITH EAGLES, YOU ARE GOING TO FLY"

Do you want to be rich?

The first thing which you need to have a financial discipline. Well! What about income? Definitely, you have to earn before investment. Do your business, job, etc. But the thing is, if you are keeping your money in the saving account, definitely you are not going to be rich. You need to learn how to grow your money. So, here I advise you to keep some money in the savings for emergency purposes and invest the rest money as per your future requirement. Because this is the way you are going to utilize your money in an efficient way which will help you in creating your wealth. The investment avenues can be Stocks, Mutual funds, PPF, NPS, Bonds, Gold, CryptoCurrency, etc. Invest in these funds as per your risk appetite. 

The sooner you start investing for longer-term as much as you can, you will able to create more wealth. The power of the compounding effect has a crucial role in increasing your money, so start early.

Here, the intention is to motivate you to start investing as soon as possible. 

More updates are on the way, till the time expand your financial knowledge from as many as different sources. Learning is necessary for your growth. 

Impact of COVID-19 on Different Sectors of the Economy Using Event Study Method: An Indian Perspective

ABSTRACT

This research examines the impact of the lockdown announcement imposed by the Indian government on the different leading sectors of the economy such as pharmaceuticals, FMCG, Financial services, banking, energy, etc. Event study method has been used to analyze the data. Lockdown announcement day has been considered as the event for our study. We have taken a 40-day event window, i.e., 20 days before and 20 days after the date of the announcement. Secondary data is used in the study and the same is collected from the NSE website. Using MS Excel, we have applied three methods for analysis—mean-adjusted, market-adjusted, and risk-adjusted abnormal return. Auto, Bank, Financial Services, FMCG, IT, Media, Metal, Pharma, Private bank, PSU Bank, Realty, Oil & Gas, and Energy are sectors of NSE that were taken for the study. Our results indicated that most of the sectors performed positively and gained abnormal returns during 21 days after the announcement. It showed that these sectors recovered their position after going down the market index. This shows that investors were confident that the impact was due to the abnormal condition of the market and not due to the fault or fundamental problems of these sectors. Based on the results, investors may decide to hold their position in the stock that has recovered during the period. Also, investors can diversify their portfolio in those sectors to which abnormal return was positive besides the COVID-19 impact. This is the first study to analyze the effects of the announcement of lockdown due to COVID-19 on the stock market performance of different sectors using the event study method in the context Indian stock market.

KEYWORDS - Stock market; sectoral indices; COVID-19; event study method

Read the full text here - Impact of COVID-19 on Different Sectors of the Economy Using Event Study Method: An Indian Perspective