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Month : November 2017

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  • You need to be a risk minimizer to create and preserve wealth

    Nov 14, 2017 0 comment(s) Categories: Super rich lifestyle
    You need to be a risk minimizer to create and preserve wealth

    Due to the uncertainty of the economy, every investment opportunity brings along with it its own share of risks. With the ups and downs of the financial and stock markets, people are extremely cautious in what venture they invest in as well as the amount. When people think of the term risk, they narrow it down to two main keywords; avoiding and minimizing loss. But more often than not, to truly understand risk, we need to have a broader perspective of the term. It may not always be beneficial to avoid or minimize risk, rather, it may be better for you to embrace it and take on more such ventures. Because sometimes, failure to accept and take on certain risks may ultimately lead to financial disaster’ something

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  • Why holding down multiple jobs is not even close to security

    Nov 14, 2017 0 comment(s) Categories: Risk avoidance made simple
    Why holding down multiple jobs is not even close to security

    Slasher is a term which is commonly used to depict horror movies. So what’s the word doing in an article about job security? The author, Marci Alboher coined this word in the year 2007, which, in the financial sense, meant one person with multiple jobs. It basically gives the meaning of someone who has slashes “/ ” in their job description. Now that the theory part has been explained, let us get to the point of the article. A large majority of the population are slashers. Now the reasons may be different; some of them might enjoy the fast-paced lifestyle or on the other hand, they may want to work in one job, but the pay isn’t enough, so hence they're slashers. So why do people work multiple

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  • The recent RBI rate cut and its impact on Indian economy

    Nov 14, 2017 0 comment(s) Categories: Super rich lifestyle
    The recent RBI rate cut and its impact on Indian economy

    In the month of August, the Reserve Bank of India cut repo rate by 25 basis points to 6% in its latest credit and monetary policy review as was expected, reducing the key policy rates for the first time since October 2016, as falling inflation provided it room for monetary easing. The revised repo rate at 6% is the lowest in six-and-a-half years since November 2010. This is the first policy rate cut since October 2016. Accordingly, the revised reverse repo rate and the marginal standing facility rate will now stand at 5.75% and 6.25%. RBI, in its last policy in June 2017, had narrowed the policy rate corridor by 50 basis points by raising the reverse repo rate and reducing the marginal standing facility rate. Neutral

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  • How Digital technology is transforming the financial-services industry

    Nov 14, 2017 0 comment(s) Categories: Mad Bytes
    How Digital technology is transforming the financial-services industry

    The world is rapidly changing and becoming more digitalized each and every day. Everything is online and nothing is pen and paper anymore. So how is digitalization changing the financial services sector industry? Banks and other financial institutions recommend financial planning and trading applications through smartphones and social media; cloud technologies are now commonly accepted, and in many cases, robotics are already dipping cost and escalating quality. Against the traditional financial services Since the fiscal year 2011, the number of start-up companies in the fintech industry has grown to more than 50 percent. Fintech industry comprises of those companies that are technology-based and compete against the traditional financial services. More and more consumers are moving towards the digital currency, as in the case of Paytm, digital deposits and even investing.

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