Life is beautiful , good weekend reads.., inspirational , investing charts, life purpose , success

How do successful people operate & some extreme charts … Weekend good reads..

👉 Life is beautiful … Make it count… Weekend good reads …

(1) ❓How Do successful people COMPOUND TIME

👉 Some Common attributes of the likes of Warren Buffet ,Albert Einstein , Ben Franklin , Steve jobs , Oprah …. and many more …. on how they expand their time despite the “busy” ness … of life

How Successful people Compound time?

(2) 🏞They say a picture is worth a thousand words but in investing it is worth so much more.

📌Having a few extreme charts on your wall can be a helpful reminder that there is no such thing as “can’t,” “won’t,” or “has to” in markets.

👉And that’s why listening to the endless prophesies of gurus and pundits can be useless

❓They don’t know anything more about the future than you or I, which is to say they don’t know anything at all.

👌🏼 A wonderful read …..Put these Charts on your Wall 

Have fun….

Delayed Gratification, Marshmallow test, Long term investing

Delayed Gratification ~ The Marshmallow test !!! ~ The one quality must for success…

👉Weekend good fabulous short video …

👉 DELAYED GRATIFICATION , or deferred gratification, is the ability to resist the temptation for an immediate reward and wait for a later reward.

👉40 Years of Stanford Research Found That People With This One Quality Are More Likely to Succeed

👌🏼The following popular short video experiment of MARSHMALLOW TEST test has over 5M+ views ….

❓What were the results of the experiment The researchers followed each child for more than 40 years and over and over again, the group who waited patiently for the second marshmallow succeed in whatever capacity they were measuring.

⭐⭐In other words, this series of experiments proved that the ability to delay gratification was critical for success in life.

👉 Show it to children .. they would love this video

👌🏼Some excellent pointers towards a better thought process and attitude – #investwise

Behavioural finance, Behavorial finance, Outcome Bias, Investing

Never Judge a Decision by Its Outcome: Outcome Bias

Never Judge a Decision by Its Outcome: Outcome Bias

A quick hypothesis: Say one million monkeys speculate on the stock market. They buy and sell stocks like crazy and, of course, completely at random. What happens? After one week, about half of the monkeys will have made a profit and the other half a loss. The ones that made a profit can stay; the ones that made a loss you send home. In the second week, one half of the monkeys will still be riding high, while the other half will have made a loss and are sent home.

And so on.

After ten weeks, about one thousand monkeys will be left—those who have always invested their money well. After twenty weeks, just one monkey will remain—this one always, without fail, chose the right stocks and is now a billionaire.

Let’s call him the success monkey.

How does the media react?

It will pounce on this animal to understand its “success principles.” And they will find some: Perhaps the monkey eats more bananas than the others. Perhaps he sits in another corner of the cage. Or maybe he swings headlong through the branches, or he takes long, reflective pauses while grooming. He must have some recipe for success, right?

How else could he perform so brilliantly? Spot-on for two years—and that from a simple monkey? Impossible!

The monkey story illustrates the outcome bias: We tend to evaluate decisions based on the result rather than on the decision process. This fallacy is also known as the “historian error.” (more…)

Reduce Tax , India Taxes, Save Money in tax , Year end TAX planning

Five SMART things to do in Feb / March from TAX perspective.

Last 2 months left for financial year end.
Five SMART things to do in Feb / March from TAX perspective. (Financial Year End 2016-2017 ends in March)
1. Make sure that the 80C investments are done 1.5L for you and spouse(if applicable)
2. Check your short term Capital Gains (from Stocks/MF) – if possible plan to REDUCE GAIN by realizing losses (if any) from underperforming MF or Stocks
3. Check your Other sources of Income and make sure to pay timely Advance TAX to avoid interest cost later.
4. Do not generate income by means of selling assets (House/MF/Stocks/Bonds/etc) in Feb / March. POSTPONE it to April (next financial year)
5. Make timely declarations to your company for components like HRA/Interest/Loss from house property/80C declarations etc.
Conceptually, All the above helps INCREASE your monthly Cash Flow.
Plan to keep things SIMPLE. Simplicity is the way to BRILLIANCE….
… Kapil