A friend who shares her honest opinion with you is more valuable than a friend who agrees with everything that pleases you.We met a prospective client a few days ago and enlightened him about our 0% commission, conflict-free advisory model. The client deals with a wealth manager from a reputed bank. In a display of confidence, he told us how he does thorough due diligence before purchasing a product and does not completely rely upon the recommendations…
Have you heard of the Income Tax Saving Festival in India? Well, usually it starts in the last quarter of the financial year (Jan-Mar) when many employees scurry to provide investment proof to save tax outgo. Sadly, many of our last-minute decisions prove to be poor investments thereafter and hence it’s a good idea to start the tax planning exercise early on. If not already, why not from today? Let’s start… In India, several financial…
Were you prepared for Russia’s attack on Ukraine? Well, we were at Truemind Capital.Not exactly for the Russia-Ukraine event, but for all the possible events that can puncture the bubble in various asset classes that were created on the back of unlimited and cheap liquidity. Read below to know HOW. The runup in any asset class creates a delusion that the rally will be permanent. Any small correction in the prices is followed by a…
“Ismein meri expertise nahin hai. I am out.” – Namita Thapar on Shark Tank IndiaI highly appreciated this stance by Namita with respect to investments. She came well prepared with an investment framework in her mind where one of the main criteria was if she doesn’t understand the business well, she won’t invest in it.Even when the idea seemed very appealing and others were getting interested, Namita stuck to her investment framework and let go of many…
“IT mein deadly scope hai” “Gaon mein production badh raha hai toh rural economy mein bhi growth hoga””Internet ki demand badh rahi hai toh internet companies ke stocks mein bhi growth hogi”Most of us have seen the wonderful ads by Smallcase advocating investing based on future growth prospects. The concept is simple – if you think a particular sector or theme is going to benefit in the future, you can take advantage of the growth…
A falling market tempts investors to invest more in the stocks they are holding. Everyone around you tells you to invest more in a falling market to average out the buying price.It makes perfect sense to add more stocks when the prices are cheaper but averaging out is an art and needs to be done strategically, else you end up holding losers that will form a significant part of your portfolio and would never go…