5 PERSONAL FINANCE HABITS THAT WILL MAKE YOU RICH

Ayush Arya, Leave a comment
How to Use a 21-Day Financial Fast to Improve Spending Habits

First of all, i will clear one thing that there is nothing like “overnight successes” ,may be you see some people become successful at a very young age but the thing you don’t see is years and years of hard and deliberate work.The good news about creating wealth is their are nothing secrets,their are some principle that works for everyone.If You can sacrifice your time and spent that in building some core skills while many of your friends may enjoy this time having fun,then i would assure you that your efforts and sacrifices would not be wasted and you will surely get reward for that in future

The habits that i mention below can work but like everything this also needs time.You just have to start now and start creating your wealth.

Here are five personal finance habits that will make you rich.

1.Invest Your Money At A Young Age

This is one of the most important habit that will be greatly help you to attain financial freedom at younger age,You know traditionally many people starts investing money when they starts earning well enough but soon they realised that they must started investing earlier with small amounts so that till now they could have a decent finance but now, millennials wants to be rich early as possible so they starts investing as soon as they have sufficient funds to invest.

I will advise to all millennial out there to please follow this habit and starts investing and enjoy the power of compounding and if you want to earn money online check out our post-Make money online in 2020.

2.Avoid Debt

Nowadays, there are many fin-tech startups have opened,which make it easier for people to get loans with less paperwork or usually at the comfort of their home through mobile phones.As,we know that previously,taking loans from bank is not as easy because it demands lot of paperwork and sometimes even collateral security so people don’t take loans from banks and take it from some another money lenders but this facility of taking hassle free loan make people sometimes tension free of all loan process and due to that ,they starts taking loans for everything they need or wants starts with home loans to personal loans, and soon they realise that they are in a debt-trap and they end-up paying a huge sum of their income in form of EMIs.

So to all millennial out there i will suggest you, its better to not take loan for everything we want,we must have to convince ourselves to buy it after sometimes and also not spend too much on materialistic things for just to show people

3.Save As more money as you can

I will suggest you to not to save just for the sake of saving money instead create some financial goals like buying a house,car etc then starts saving money for it,one thing you can do to save money is whenever you purchase something remind yourself that you have a financial goal that maybe also have a certain time limit and then realise that is you really need to purchase that thing,maybe yes or maybe not and also keep that in mind that your small saving can too help you to achieve your financial goal but you need to remain consistent in that

So,just start saving money right away keeping in mind your financial goals and saving money not only help you in achieving financial goal but also reduced unnecessary purchase or wastage of money on unnecessary things

4.Spend Less Than You Earn

some people say that this thing is a common sense but due to the availability of credit cards and some offers on things most people end up spend more than they really earn,this is the basic habit to have to be rich faster as if you spend less then you can invest that money in something else which can give you some return on that,i will not write long on that because this is very simple to understand this many people follow 70 : 30 rule means invest 70%of income and spend 30%of income which you can follow too and also before investing your hard-earned money,do analyse the investment options properly on the basis of risk-return factor and your goal.

if you want know some investment options check out our post-
Know your investment options in 2020

5.Choose your career wisely

Choosing your career is one of the most important decision in everyone’s life,we spend most of our life in our career doing our job so please choose your career wisely, don’t choose your career just for the sake of money or any other benefits please be make sure that you love doing the nature of work and you must get satisfaction from your work .There are many people who hate their job but still do it because of the compulsion of money or any other priorities.

So,try to think about that and choose a career which you enjoy and for which you passionate about,it will save you from a great degree of stress which many people suffers who hate their job

There are some more habits that you can follow to be successful faster but the above ones are very basic and important,there are many people who have interest in stock trading and investing,and if you are a beginner and really interested in stock trading then you can check our post – How to do successful trading at stock market, by reading this you can get a basic idea on how to start trading,

please share this post to spread financial literacy among people

How to do successful trading at stock market

Ayush Arya, , , Leave a comment
Stock Market: Why buy low, sell high is a dicey approach to making ...

You have to do some effort to be a successful investor—there’s nothing wrong about that fact.Previously,some people who don’t know much about stock market and how it works, they use to see it as a gambling opportunity where there is a equal chance of either winning or losing,they don’t do any fundamental or technical analysis before buying it.Sometimes Investors who buy or sell on their “gut or feeling” about a stock are maybe right but most of the time they will be wrong.

I know there are many people and their blogs out there in which they tell you about some awesome strategies and things about stock market like how to earn more money,how to choose stocks etc and some of them are really good but some of them are long enough that i lost of my interest and i myself as a beginner needs some simple yet effective knowledge about it but in concise format so i started reading about it through many books,blogs,interviews and make it in a simple format which make it more understandable to me and i know there are many people who most of them are beginners want to indulge in and try to make money through stock market but sometime they struck,to how to start it what is the first step toward trading,so i try to share what i learn as a beginner about stock investing and also strategies that you can use while trading.So,here we go

First,get some knowledge

You know many people see stock market as the easiest and fastest route to double your investment,but in the pursuit to earn more money they forget to learn some fundamental knowledge about trading and investing and as a result they lose money,and its a real truth that many people have lost their huge sum of money.So,basically i just want to tell you first get some knowledge then start investing and believe me its not a simple thing to earn money from stock market on consistent basis without proper knowledge,and for knowledge you have to read books on finance and investing to really understand the business and also know about how to do fundamental and technical analysis by your own

some recommended books – The intelligent investor by Benjamin Graham,security analysis by Benjamin Graham,Rich Dad poor dad by Robert kayosaki

VALUE AND GROWTH INVESTING

Companies that consistently manage to grow their profits faster than their industry peers are called growth stocks. Their faster growth is generally the result of some sustainable competitive advantages. Since they need to constantly fund their growth, they typically pay out little or no dividends. The investors get reward in form of appreciation in stock price,a trader can really earn profit by investing in growth stocks these are the top 50-100 stocks in the stock market but these stocks are also risky

Value stocks are those stocks which are trading at lower price than its intrinsic value but these shares have potential to increase your wealth in future.Some big investors like graham bell also called father of value investing focuses more on value stocks for a long-term gain and others investors like warren buffet,rakesh jhunjhunwala are the renowned investors who had make their fortune through value investing.So,try to invest more on value stocks which have a potential growth in future

ITS ALL ABOUT STRATEGIES

You can pick a stock based on fundamental analysis but stock market is of very volatile nature you can’t 100% sure that the price of a particular stock would surge.So,now its all depend on your strategies,which can make you or break you.So,it would be great to have well-versed with your strategies beforehand.I will mention some of the strategies which have been implied by many and also takes a benefits from it.

Averaging down

When the stock price falls,you can use this strategy,to reduce the Average price of stock and also the break-even point(i.e.,the point where get no profit no lose).Try to understand with the following example:

Buy 200 share @200 – 40000 .If there will be a fall in price of 50 rupees

Now, the 200 share is trading @150 – 30000

Then,but additional 200 shares at trading price i.e., 150 per share

Now,you have 400 shares,and your break even point is also decrease from 200 to 175,means now you can even sell your shares @ 175 without bearing a loss.

OR,if you believe that the stock price will rise to 200 then you can earn a profit of 10,000 rupees.

Averaging up

This strategy is also widely used by many traders to reduce the losses and increase their winning chances.you can use this strategies

  • When price starts to rise to increase the profit
  • use it in bull market
  • When there is a significant potential in the stock

Let understand this with the following example

A’s invested in 1000shares of ITC ltd. @ 1200 rupees,then the price starts to increase so A buys additional 1000 shares @ 1500, then again price starts to rise and again A buys additional 1000 shares @ 1800,Now lets sum up,A has 3000 shares with the average cost of 1500.

Now there is also a another investor B who also invested in 1000 shares @ the price of 1200 per share Now lets calculate how much profit will they earn if they sell it at 2000

A has 3000 shares with the average price of 1500 so if sells at 2000 he gets a profit of 15,00,000.On the other side A has 1000 shares with the price of 1200 and if he sells @2000,he gets a profit of 8,00,000

 This clearly demonstrates how averaging up strategy can be profitable if made use of in a bull market.

The risk arises for trader A when there is a reversal in trend since he has pushed the average price per stock higher with each successive purchase.

There are many more strategies available which you can apply in your trading and soon after getting some trading experience you can develop new strategies according to your trading plan and goal and if you are a beginner and don’t have enough confidence first try trading in a trading simulator and practice it well before try to trade in a real market.This will surely improve your confidence,and keep it in mind that stock trading is not a quick rich scheme its like any other profession which demands knowledge,skill,dedication towards work.

Additional Tips

  • Bought share with 50% of total capital then after analysing it for sometime if you see it can grow then buy additional share
  • Focus on reducing the break-even point to reduce your loses
  • Also,try to balance your emotions while trading don’t let your emotion take over you while trading.Frequently faced trading emotions like greed,regret,hope etc.
  • Try to make a trading plan then act accordingly it.
  • Never trade with other’s money because stock market is very volatile
  • Only trade with enough money that you can bear in case of loss.

If you like this blog then please share this to your friends and groups and let me know in comments section that you like it or not.We will be continue to providing you some more awesome content.

Coronavirus-WHAT,WHEN,WHY

Ayush Arya, , , Leave a comment

All you need to know about Novel Coronavirus

Coronavirus: What it does to the body - BBC News

WHO declared coronavirus a pandemic disease.The name “coronavirus” is derived from Latin corona, meaning “crown” or “wreath”, itself a borrowing from Greek, “garland, wreath”.COVID-19 is the illness caused by the novel coronavirus. Those People who are old age or above 50 is at the highest risk for severe complications.

As of 28 March 2020, there have been at least 27,333 confirmed deaths and more than 595,953 confirmed cases in the coronavirus pandemic.  The virus has a 96% similarity to a bat coronavirus, so it is widely suspected to originate from bats as well.] The pandemic has resulted in travel restrictions and nationwide lockdowns in several countries.

What is coronavirus ?

Coronaviruses are a group of related viruses that cause diseases in  birds. In humans, coronaviruses cause respiratory tract infections that can be mild, such as some cases of the common cold, and others that can be lethal, such as SARS, MERS, and COVID-19. So,basically coronavirus is a group of virus that attack you respiratory organs and creates problems like common cold,mild fever,headache,Respiratory problems,sore throat etc. COVID-19 is mainly spread person to person, likely through respiratory droplets when someone coughs or sneezes. Transmission can happen when people are in close contact with one another, usually up to about six feet. COVID-19 can also live on surfaces up to a few days.

When it All Started ?

Human coronaviruses were first discovered in the late 1960s. The earliest ones discovered were an infectious bronchitis virus in chickens and two in human patients with the common cold (later named human coronavirus 229E and human coronavirus OC43),but the recent case has been found in the city of wuhan in china or we can say that China is the epicenter of coronavirus for which china was criticised by many different countries to give birth or increase this epidemic disease.

In December 2019, a pneumonia outbreak was reported in Wuhan, China. On 31 December 2019, the outbreak was traced to a novel strain of coronavirus,[61] which was given the interim name 2019-nCoV by the World Health Organization (WHO), Some researchers have suggested that the Huanan Seafood Wholesale Market may not be the original source of viral transmission to humans.From then,this coronavirus has been spread to other nations .Italy and USA are the most affected nation by this virus.

Effects of coronavirus across world

Which countries are impacted the most by the COVID-19 coronavirus ...

The Novel coronavirus has not only become a reason of death for thousand of people but also shattered many business due to which some people lost their job too,due to this novel coronavirus many goverment have ordered lockdown in their respective nations and this lockdown become the reason of shutting down the operations of all businesses across all sectors.The most affected country is italy in which almost 8000 people lost their lives,and it followed by china from where this virus emerged,almost 3,500 people died due to coronavirus and now, US have become the number one in this list as their total number of coronavirus exceeds 100000.Those people who tests positive are putting in quarantine for which many quarantine have been setup be goverment and also many hotels,train coaches has been turned into quarantine centre,and some people are also self-quarantine who have some past travel history.

Blip or bust: coronavirus economic impact still in doubt

Due to this virus the share market also effected,in India,sensex was at 10 year low and not only in India this virus affect the market condition worldwide.The WB officials states today that world, ‘can see depression as bad or worse than 2009 due to this pandemic of novel coronavirus‘. This pandemic has been worst affected to the poor people in India,due to nationwide lockdown, they lost their jobs and now they don’t have enough resources to survive and now they are returning to their hometown though walking,some people are going to their hometown through walk on the roads which is very bad news as these things will increase the spread of coronavirus among people.

Steps taken by different Goverment to tackle this pandemic

The Goverment of different countries had started initiating action plans now,because novel coronavirus is the contagious disease it may be infected 100% population, if no steps taken by the goverment but the goverment are taking it seriously and jointly work with goverment of different countries to tackle this problem.To tackle this problem Indian goverment has stopped public gathering,events and sites like amusement park,cinemas schools and colleges and also imposed section 144 in some areas to restrict public gathering but after seeing rising cases of coronavirus the goverment has ordered nationwide lockdown to restrict the people going outside their house to stop the spread of coronavirus. The goverment and some social institution also helping poor and middle-class families by providing free masks,free food and shelter to the poor people those who lost their jobs and also goverment is providing double pension to handicapped person,old-age person and widows,maybe this could help these poor and middle class family to survive amidst this pandemic.

In Italy,Public gatherings have been banned and freedom of movement sharply stop. All domestic events in the country have been suspended while,Iran has reported more than 8,000 cases and nearly 300 deaths from COVID-19 and for this Public gatherings, including Friday prayers in Tehran and other major cities, have been canceled. Schools have been closed and crews of cleaners have been dispatched to disinfect trains, buses and gathering places.South korea has become very successful to slow down the spread of coronavirus in its respective nation by applying techniques like T3-trace,test and treat,this technique has helped South korea to beat the coronavirus. Like this,many countries are now step forward and taking strict action to tackle this novel coronavirus.

But only goverment can’t do much to stop this we as a responsible citizen,should also need to do something to help goverment by following all preventive measure like not going outside except if its very important,wash hands frequently and also help some helpless people by providing them resources , or in form of donation etc and I don’t know when this pandemic will stopped but i can surely say one thing that by jointly efforts and co-ordination among countries and its citizens. we can slow down the spread of this epidemic disease and maybe after 4-5 months we could live a normal life.

Lastly,I would request to all of my readers to be safe and stay at home.

References

wikipedia:https://en.wikipedia.org/wiki/Coronavirus

NPR:https://www.npr.org/sections/goatsandsoda/2020/03/10/813794446/life-during-coronavirus-what-different-countries-are-doing-to-stop-the-spread

Image source 1.https://assets.weforum.org/editor/qYVN3oOcjCPT6qICcQt2ebhRsoOQSB22Bk8qdaXBtyA.jpeg

2.https://static.bangkokpost.com/media/content/20200301/c1_3547354.jpg

The rise of OTT platform in India

Ayush Arya, , , , Leave a comment
Image result for ott platform

An over-the-top (OTT) media service is a streaming media service offered directly to viewers via the Internet. OTT bypasses cable, broadcast, and satellite television platforms, the companies that traditionally act as a controller or distributor of such content.[1]

Examples include , Netflix, Prime Video,Hotstar, and YouTube Premium.

OTT (Over the Top) media services which offer direct streaming services to viewers, have been gaining popularity worldwide.  The top rank in this field has been held by Netflix and Amazon Prime, which remain popular worldwide. However,In India the scenario is quite different for OTT industry.  As per some reports , the Indian streaming platform Hotstar is the most popular OTT platform in India due to the live streaming of IPL and other major cricket matches then 2nd spot is taken by Amazon’s Prime Video for their popular series like mirzapur ,made in heaven etc and 3rd spot is held by sonyliv which mostly offers popular reality tv shows while Netflix ranks 4th and i know webseries like sacred games has increased popularity of netflix in india but still it ranks fourth due to their high pricing as compared to others.

The popularity of some OTT platforms have been increasing with the emerging of some Indian OTT platforms like ALTBALAJI, Voot,ULLU and these are directly giving competition to these major foreign players like netflix and amazon prime due to their Regional content and knowledge about what the Indian audience want to watch and in order to tackle or compete with these Indian OTT platforms.Netflix and Amazon had started to showing original series like Sacred games by Netflix and the family man by amazon prime which have receive overwhelming response and appreciated by the Indian audience

Reason behind increasing number of OTT platforms

THE RS 5,000 CR OPPORTUNITY FOR OTT PLATFORMS IN INDIA

The main reason behind so many new OTT platforms coming to the market is the increasing profits generated by such platforms in India.

Indian video OTT service to grow at 21.8% CAGR to reach $1.7 billion by 2023 from $638 million in 2018.

Subscription video on demand to grow at 23.3% CAGR to $1.5 b, 89.4% of overall revenues.

Indian OTT market to overtake South Korea to become the 8th biggest market in the world by 2023.With over 500 million mobiles users,this industy has been growing at the rate of 8% .

Challenges faced by OTT platform in India

These ott platform like netflix and amazon are quite popular outside india But the Indian market is not easy to understand that’s why netflix has suffered failure in india at the starting because they are not giving the relate able and original content to the Indian audience. In India, particularly the youth is tired of seeing repetitive drama and plot of TV soaps and their is a diverse population in India having different taste,different culture,different interest etc,it would become difficult for these ott platform to analyse what type of content produce for the Indian viewers but after analysing it get to know that Indian audience want more organic,more regional and more relate able content,and in the view of these things many OTT platforms are focusing on making original series according to their tastes as well as by providing regional language films also on their respective Apps.

Pricing

Another factor affecting the popularity of these ott platform are its respective pricing policy.Many of us know that netflix has suffered in india due to their pricing policy too .As,the other Indian players offers subscription at the affordable rate through it they manage to increase their market share.Some of them are even providing free content on their platform and due to that netflix has to change its subscription rate to takeover them.Now,Netflix is offering at 199/device through only that they are able to compete with these Indian ott platform and slowly increasing their market share

Popular webseries by different OTT platforms

These ott platforms have been gaining popularity due to some of their webseries which were very much popular among the youth in india and only these webseries have become a source of interest in original series by the people.Well,there are many ott platform having different webseries but i mention only few which are most popular among people of different ages.

Netflix–Sacred games,Money heist,Sex education

Amazon prime video-Mirzapur,Made in heaven

Hotstar-criminal justice,hostages

sonyliv-mainly popular for tv shows but have some webseries like gullak

AltBalaji-Gandi baat,Apaharan

voot select-Asur

In the era of digitalization and having the availability of affordable data and love for digital content by indian audience there is increase in these platform from the past 1-2 year and also these platform are also focuses more on original content which quite become a successful factor for these ott platform to make the webseries popular among youth and these platform also spend more on advertising because the competition has become tough and it interesting to see what kind of strategies these OTT platforms will follow in order to attract more audiences to their channels.In the next 4-5 years India will see significant growth in media and entertainment industry and these ott platform will play a major role in that by providing original and personalised content to the audience.

Make money online in 2020

Ayush Arya, , , , , Leave a comment

Simple yet effective ways to earn money online

As we all know that due to the pandemic of coronavirus every other country has issued an ordered for the lockdown of their respective nation.spefically in india,there is a lockdown of 21 day and many of us are thinking how to make these 21 days productive. So,i am here to tell you some simple but proven ways to earn money online,there are many ways to earn money online but i have mention only the proven ways where if you do work with dedication and be patient then,you can earn some decent money,and i also mention the requirements of things that you needed in the respective field.

#1. start a blog

So whenever anyone talk about earning money online blogging is the first thing people recommend because blogging has been emerged as one of the best way to earn money online through google adsense etc and it is the proven way to earn a decent money

Requirements-for starting a blog the first thing you must have is patience if you are starting a blog only for the sake of earning money then you must have to wait for atleast 6 months to earn something or even more

You know everyday 10 million blogs have been starting by the people so i think you understand how worse is the competition there so when you start the blog first focus on its marketing,publish the blog in related groups,pages etc and make your audience

picking a niche topic or subject is also very important to grow the blog

My view-I refer you this option if you like writing or if you have a deep knowledge of something and you want to share your knowledge with people so you can start a blog but as i say first focus on content and marketing, because there are millions of blogs out there and people become smart now if you publish any random things on blog or plagrism content then people don’t follow your post so be aware of that and always publish honest and rational content.

#2. Youtube

Youtube is the second thing come to everyone mind when discussing about earning money online.youtubers can earn money in mainly 2 ways through adsense and through sponsership. well it is a very good way to earn money online but it also required patience and resouces

Requirement-As like blogging,you also need to have patience to earn money through youtube

Because the competition level is also increase so you also need some creativity to grow your youtube channel and making your videos different and unique from others.

My view-If you have good presence of over social media and also have some good marketable skills like acting,dancing,singing or deep knowledge of subjects then you must start a youtube channel bcoz it would also spread knowledge towards people.

#3. Be a freelancer

i would suggest you this way,if you have some mareketable skill only and to be honest you can only get gig if you have some top skills like digital marketing,seo expert,content writing etc. if you have skills like these than you can use this way and be a freelancer,there are many websites which hire these websites like fiverr.com,freelancer.com,guru.com etc you can register on thesse websites and earn some good money

Requirements-You just need a good skills to earn through this way,if you have not these skill then you can also do some online courses which would improve your chances of getting a gig and also clear some basic concepts

My view-I would suggest this way to those people who have technical background or are expert in some field and also people having skills like graphic designing,language expert etc

#4. Buy & Sell Domains

You may not know but you can rent your website if you have good traffic. Many people use this. Many people buy existing website from people instead of building out his own website from scratch, then you can sell that website

The social media scheduling company, buffer, bought buffer.com in $600,000 last year. In a similar way, you can buy expired domains and sell at a higher price to people who need that. Honestly, domain trading business is tricky and you have to be an expert even to start, otherwise, you may lose money.

But, if you already have a domain and not using it, you can try selling on marketplaces like Flippa.com

Requirements-some sound knowledge of terms like hosting and domains and having a knowledge of digital marketing is a plus point.

my view-i would suggest this to students and working professionals having related to technical background

#5. Be a reseller

A reseller is a person who sell someone else product throgh their own online store,or to their contacts or by posting the products in the fb group or in instagram page,in this way you can earn money though selling that product and earn commission on that

Requirement-willingeness to do i.e., you must be willing to earn money through this method because it needs much time and dedication because you have to convince the buyer to buy the product while solving all their queries

My view– i would suggest this way to students and houswives as they have quite free time and in order to earn some decent money they can use this way

If you like this blog then please share this to your friends and groups and let me know in comments section that you like it or not.Please provide your feedback.

5 Kind of online frauds,where investors have lost money

Ayush Arya, Leave a comment

With the inrease of technology, online frauds have also been increased.This is the digitalisation era where people are using internet for everything including buying,selling,payment etc, there data have been flows on the internet,there data privacy is not much hide from these fraudster and these fraudster use there data to find the potential person to whom they can make fraud. So today, we are gonna discuss about some of the very common type of frauds that these fraudster using in order to make people fraud

Fraud #1 – Verification Call from Bank using OTP

This might be a not a new thing for many investors. In this type of fraud, the target is generally uneducated investors who are not that much educated or who are very new to internet banking. The fraudster poses them as a bank verification officer and gets all the information like debit card number, expiry date, CVV number, and even OTP number while doing the online transaction parallelly.

Fraud #5 – Please verify your bank details (Phishing)

It’s a very common kind of fraud in the online world. It’s called Phishing, which aims to steal your sensitive data like username, password or card details.They send you the link on which by clicking open a fake website which maybe look like an original bank site or You get an email asking you to verify your account or details, failing which your account will be closed.

When you click on the link, it takes you to the website which looks exactly similar to your bank or card company, you enter your details thinking that it’s your bank website only. But in reality, it’s a fraud website which captures your sensitive information, which later is used to do transactions and you lose the money.

Fraud #3 – Fake Job Offer

In India, there are millions of people unemployed and due to that this fraud have increased i.e, job offer scam. In this, you get an email offer from a reputed company which invites you for their interview. You see all kind of numbers, venue, last date etc, and then you see a line mentioning that you need to deposit a security deposit or some basic fees, which will be refunded later.

Due to being unemployed many people fall into this trick. The emails look very genuine when you read it, as it contains the company logo, or it might be on the letterhead of the company, but when you dive deeper and check the email id from which it was sent or the website link, you can figure out that something is wrong.This type of fraud is still prevaling in some areas.

Fraud #4 -Buying products over phone

This is a new type of fraud which only happen with people doing e-commerce or with resellers and selling products online using facebook,instagram or other social media sites where you find potential buyers for your products.So,let dive deeper and let’s know about the whole process of this

Firstly, you know selling a product online is not an easy process as people don’t trust you and if a person trust you and thinking to buy then he/she is also having various queries related to products like delivery date,mode of payment etc so its difficult for a reseller to sell their products and these fraudster take this advantage and they order the product without having much question bcoz they don’t have to do anything with the product they just want to lure the reseller and after placing the order they don’t want to do payment in cash but they want to do online payment through UPI(unified payment interface) and if the reseller agree to accept online payment then the fraudster ask him for his/her whatsapp no. and then send his barcode of UPI(on which by scanning through any other phonepe app the amout would be deduct from their account) and after sending the barcode he call the reseller and explain what to do next in order to accept payment and he speak very quickly and the person on the other side just do whatever he said without knowing ki uska hi katt rha hai and then the fraudster say click the barcode i sent to you in your phonepe or paytm app the money has been transferred from your account to the fraudster and when you realise it will be very late my friend so be sure if you are doing e-commerce or if you are a reseller.

Fraud #5 – I am calling from IRDA

This is a popular scam these days. Almost every investor has some or the other kind of insurance policies, especially from LIC. So these fraudsters give a call to you and ask you about your policy and tell you that they are calling from IRDA and you are eligible for some bonus after many years and in order to get your bonus you will have to either send some money or buy some policy again.

A lot of times, they have some more details about you and your policy and they look genuine at times. And many investors fall for these scams.

Fraud #6 – Help a child in an Emergency situation

Many of us have sometime got a call from somewhere where someone request us to help us by giving some money for the treatment of a child or for education of a poor child who also have lost his/her parents.

 There are many other scams going on in the name of helping someone.There are n number of website of fraud campaign also who disguise themselves as an NGO who are providng education or providing money for poor person’s treatment.

How to prevent yourself from getting trapped in these situations? 

From the last 10-12 yrs, this kind of online frauds has increased because the whole world has moved to the web and all kind of transactions are now online. It’s important to be protect from these frauds and keep safe our hard earned money

  1. You will never receive a phone from RBI or Other banks for reasons such an Aadhaar not linked etc.. Please be aware that if there is any recent activity such as if you have deposited some cheque then you might receive a call if bank officials want some information regarding the cheques. Otherwise, no calls from banks for any backdated activity.
  2. Never share your card number, CVV number, OTP etc.. to anyone.
  3. keep yourself updated with technology to be smart and aware.
  4. Don’t visit at suspected sites or don’t login with you ID at every site
  5. Keep protect your data by not sharing it unnecessary.

Know your investment options in 2020

Ayush Arya1 Comment

Investments are essential for a person to live a better life(in monetary terms) as you have some money saved for your rainy day as well as your money would also grow as per the interest you receive but many people in India have lack of financial knowledge due to which they suffer a lot to manage their finances and sometimes also fall in debt-trap which affects their lifestyles too.

Some people still invest their money in a traditional way such as investing money in FDs, buying properties and investing in gold which is a good thing but with the change of time, there are some new and better investment option available some of them may give high return but low liquidity as well as some of them, give high liquidity but low return having high risk. So it is up to you to select a better investment plan according to your income, financial objective, age, based on liquidity, your financial situation and risk appetite.

Today we are gonna talk about some new as well as some traditional investments options a mango person have :

1. Equity shares– an investment in shares is a risky option because of the volatility and risk factor associated with the market but these shares have huge potential as well many people become rich by investing in these shares but one has to make sure while purchasing it you should first do the fundamental and technical analysis because so many people wealth too here.

2. Bonds and Debentures-This is also a way of raising capital by companies but this investment requires huge capital and a long maturity period such as 10 or 15 years but it is less risky as compared to the above one.

3.Mutual Funds-These days mutual funds are become quite popular due to their high return and less risk as compared to equity shares because it managed by investment professional. mutual funds have less maturity period as per your financial goals and your money could be invest in stocks,bonds,gold or other investments instruments by your fund manager but this option have risk too (i.e. market risk) as your return could be affected by the market condition.

4.Bank Fixed Deposits or FDs: Well this is the traditional investment option as you can invest money in the form of FDs in bank many people choose this option as it has lower risk but not so good return i.e. (fixed Return) and a fixed maturity period but people belived that their money can be safe in bank only

5.Public Provident Fund or PPF– This is a popular low risk investment option for investors.  It gives a fixed rate of interest which is given by the government and is compounded annually over the long term.

6.Real Estate– This is one of the most popular investment option for investors and many investors choose this option over other becuase of many reasons like if someone invest his money in buting real estate then he is creating some assets for him and real estate is an appreciation asset means its value don’t depreciate or decrease along with time but appreciate or decrease with the span of time and also a person can give his property on rent and earn some extra income and also this option have less risk but this option require more money than others and suitable for people having decent money and want to invest for long term

7. Gold: Gold is the most traditional form of investment.People still tends to buy more gold in india In addition to physical gold, it can be now bought via Exchange Traded Funds (ETFs) and Mutual Funds in electronic format.

8.Life Insurance – well,its not a investment option but still many people treat it as investments. people buying insurance as a mode of investments which is not the right thing to do because insurance are meant for bad times or it is a compensation you received in case of death of a person

It is advisable to take the above factors into account and create an investment plan to diversify your investments across various investment in order to spread your risk and create a balanced portfolio of investments.

WHAT WRONG HAPPENED AT YES BANK

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As many of us knows that India’s fifth largest bank has been taken over by RBI and put it on moratorium and suspended its board and appoints a new ceo as well on friday rbi has announced a new reconstruction plan for Yes bank to protect the deposits of account holders but it certainly move its ownership to public sector bank or SBI.

Meanwhile, those who have accounts in the bank can withdraw a sum of Rs. 50,000 per month. and soon after its announced the various facilities net-banking,debit cards and credit cards as well the yes bank backed UPI payment app PHONEPE has been on outage working letting to create the chaos between people.

Now comes to the point what wrong happened with yes bank. well its not a new thing or not a suddenly change in yes bank but there has been some troubles at yes bank from a years now.YES bank is one of the fastest growing private banks in India.It begun its operations from 2004 and seen a quickly growth by having the transaction of over 3 lakh crore and due to that the share price of yes bank also touching the sky high(by trading at 1400 at one point)

But the turning point in the destiny of yes bank is when its one of the co-founder died giving the control of management to promoter Rana kapoor and then in order to expands its opeartion it gave loan to the firms which don’t get credit easily elsewhere but it was risky as well

And when the economy starts to shrunk the firms where yes bank had given loan to also fall leading to increasing to NPA TO 7.4% as of september 2019 but this is not only the thing which become the reason of YES BANK downfall but also there was many questions about the management control,conflicts of interest which led the RBI eventually refuse to permit an extension to MR. RANA KAPOOR as CEO due to “highly irregular credit management practices,serious deficiencies in corporate governance and a poor compliance culture”

Over the last few months, a new CEO and a board which also included one RBI appointee attempted to raise fresh capital from new investor by promising that bank would be get capital from major tech firm microsoft and by an unknown man who claimed to be canada’ richest person but when it become clear that no one were likely to save yes bank from downfall then RBI decided to jump and save before the major bank went burst and effecting the financial sector on large scale.

WHAT NEXT FOR YES BANK

On Friday, RBI put a reconstruction plan for yes bank and decided to give its ownership and management control to SBI buying the shares upto 49% shares at a price <10 and it means sbi is paying around 11,760 crore for the purchase existing shareholders will see thier shares diluted and end up with just 11% of the total shares while 40% would come from other financial institutions

On saturday some media firm had reported that may be LIC will also invest money into yes bank and the existed employess have their jobs for atleast 1 year except for key managerial jobs as they were dismissed by the new board.

Area of Finance

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Traditionally,Finance can be described as   the study of money and how it is used. Specifically, it deals with the questions of how an individual, company or government acquires the money needed – called capital in the company context – and how they then spend or invest that money but now finance has come far away from what it was, now Finance has become broad there are new concepts evolved rapidly and now it has been often split into three areas: personal finance, corporate finance and public finance.we are gonna talk about each area in a summarized form[2]

personal finance

As the word suggest this area of finance is related to someone’s personal wealth and its management.Basically there are are some fixed expenses in everyone’s life such as paying for fees,food and travel expenses etc and also making good investment decisions in order to make good wealth in future for yourself so personal finance is that thing when you manage your money or finance in order to make most out of it through investments and also make sure that you don’t suffer in live a good lifestyle

Some suggestion to follow for a good personal financial plan :

  • Invest in appreciating assets such real estate property etc.
  • Start investing early in your career in stock market(with proper knowledge)
  • Don’t fall in the debt trap
  • start investing in mutual funds with stable return
  • Don’t buy anything unnecessirely

corporate finance

corporate finance is mainly deals or used in big companies or organization. It helps to answer to questions like how to get finance,from where to get finance,how to invest that finance(long term or short term) and how should be your capital structure of the company. Corporate finance helps to achieve objective of increasing the wealth of the shareholders

Corporate finance is one of the most important area of finance and those who want to make a career in finance must have a good grasp knowledge of corporate finance as he/she must work using this in day-to day task

Public finance

Public finance describes finance as related to sovereign states and sub-national entities (states/provinces, counties, municipalities, etc.) and related public entities (e.g. school districts) or agencies. It usually encompasses a long-term strategic perspective regarding investment decisions that affect public entities.[9] These long-term strategic periods usually encompass five or more years.[10] Public finance is primarily concerned with:

  • Identification of required expenditure of a public sector entity
  • Source(s) of that entity’s revenue
  • The budgeting process
  • Debt issuance (municipal bonds) for public works projects

Central banks, such as the Federal Reserve System banks in the United States and Bank of England in the United Kingdom, are strong players in public finance, acting as lenders of last resort as well as strong influences on monetary and credit conditions in the economy.[11]