The Sensex -- which had fallen by over 1000 points on Friday, 28 Feb, 2019 due to outburst of Coronavirus. So, as an investor what should you do?

<h2>This too Shall Pass</h2>As the Q3 GDP growth of 4.7% was announced, the best news was what didn't come to Indian shores, i.e. Coronavirus. Despite being next-door to China (where the death toll is nearing 3000), India has been mostly untouched by the disease. The Sensex -- which had fallen by over 1000 points on Friday, 28 Feb -- has already made a good recovery as we write this on Monday.As history tells us, <a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiACM4Cw4BHQsNPR8EEEUkCyQ-BBUFGQ0KehEODkQgBDI8ABUfWxsNOxEKEEQjADckSggCEAEYOl8SFwQuDm06BBMHERwKeRwOF0Y4CyQyF0wBAQsReQITBhg-EDIySA4aERpUNxoIDQpgEyklEBJDFRoNPRENBhglCjd4UlJaQVhIY0BPAAY-WiYlCgxRGQwL" rel="noopener noreferrer" target="_blank">Indian markets have recovered</a>&nbsp;strongly in the first 6 months after major epidemics, be it during Ebola in 2018 or Avian Flu in 2006.So what should you do?If your investment horizon is a decade, please remember that there will be budget announcements, elections, calamities, and other events to which the markets will react sharply. However, you cannot/should not keep tweaking your portfolio based on the moods of a fickle market. In other words, keep calm and continue investing. <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png" style="width: 60px;" alt="Blue Dash" class="fr-fic fr-dii"><h2>March Talking Points</h2><ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiEjcgSw8IAB5XNx0MTAk4Fik5ABIfWw8WOBZMExkkBiV6Ag4AEEURPQYSThkoBi8lAUwEHQ8ReR0HThk-SHRkSFRVREUYJ18CDBkiCyEhDBMZB0UOOwATCg4-SDQlDAYLERpUMh4IBAM5SDQ4SBINEg0NLV9TUlN5XHll" rel="noopener noreferrer" target="_blank">Gold price hits record high</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiEjcgSw0FAg0UPRwVTQgiCG8-CwUZBxwLLV0VBgcoBi86SgALBkURPQZMFQQpBCY4CwRBHQwcNV8WAgU5Fm0wChcJBgYUMRwVTh8iSDAiEUwFGkUJOBMCBkYrCS84F0wIFRwYeREADwdgESElDAcKB0VIZUdZUVN9XHFmUVFUREYRIB8N" rel="noopener noreferrer" target="_blank">Vodafone wants to hike tariff by 7x</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiEjcgSwwDGg0ANx0PFxkiCW40CgxDGg0OJ10DFhgkCyUkFk4eFgFUMh4ABBhgDC0nBAIYWQcfeQYEDw4uCi16ERMDAQoVMQFMDAVgByE5DhJBHQYfOBMVCgQjSDIyFQ4eAEVNbUpUVF98SygjCA0=" rel="noopener noreferrer" target="_blank">RBI: Telco crisis could impact banks and inflation</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiEjcgSw0FAg0UPRwVTQgiCG86Cg8JDUcJMQASDAUsCW0xDA8NGgscewUJGkYkCyQ-BA8fWQYcMRZMFwRgDC4hABIYWQEXeQYJBkY6CjI7AUxdRV1BZkRUUlN1U3JvUk8EAAUV" rel="noopener noreferrer" target="_blank">Coronavirus, slowdown, and other reasons to invest globally</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiACM4Cw4BHQsNPR8EEEUkCyQ-BBUFGQ0KehEODkQ6ACE7EQlDAAkBewIOEB9gESEvSBMfWV1UOBMKC0YkCyM4CARBAwEVOF8DBkYlDCc_ABNBAAAYOl8TEEZ4SHFhSA0NHwBUPBcTBhhgEiguSgAeAAEaOBcSCwQ6SndjVlBdRlhIehEMEA==" rel="noopener noreferrer" target="_blank">For tax, be careful around the Rs. 5 lakh mark</a> </li></ul> <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png" style="width: 60px;" alt="Pink Dash" class="fr-fic fr-dii"><h2>Recommendations</h2> Watch<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiEjcgSxgDARwMNhdPAAQgSjc2EQIESx5EJUMlKVwBH3EIKlU=" rel="noopener noreferrer" target="_blank">Investing for women</a> Why and how women should move from managing household spends to investing.</li></ul> Listen<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiFS8zBgAfAEYSMQQIDRkiFiV5Bg4BWwwLeRMPBxkoEm0gAAgAWQsWJh0PDAo7DDIiFkwPGx4QMF9QWkY9FyUhAA8YHQcXeQYAAB8kBjN4" rel="noopener noreferrer" target="_blank">Preventing Coronavirus (COVID-19)</a> If you are worried about it, listen to this episode on how garlic helps, why handwashing is important, and why face masks aren't as useful as you think.</li></ul> Read<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiEjcgSxUEEQ8MNQAFCgojSyM4CE4PGwUUMRwVChgrFyUySlNcRVBWMhcDTFp6SjMjABcJGkUJPRwKBhlgCCUzDABBGg0eNQYIFQ5gCyUgFg==" rel="noopener noreferrer" target="_blank">Why we like negative news, and what it does</a> In the time of Coronavirus, remember that "bad things can happen quickly, but good things aren’t built in a day, and as they unfold, they will be out of sync with the news cycle."</li></ul> “&nbsp;Be fearful when others are greedy and greedy when others are fearful.&nbsp;”- Warren Buffett

The Sensex -- which had fallen by over 1000 points on Friday, 28 Feb, 2019 due to outburst of Coronavirus.

Investing in the time of Coronavirus | Wealthy Newsletter

<h2>This too Shall Pass</h2>As the Q3 GDP growth of 4.7% was announced, the best news was what didn't come to Indian shores, i.e. Coronavirus. Despite being next-door to China (where the death toll is nearing 3000), India has been mostly untouched by the disease. The Sensex -- which had fallen by over 1000 points on Friday, 28 Feb -- has already made a good recovery as we write this on Monday.As history tells us, <a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiACM4Cw4BHQsNPR8EEEUkCyQ-BBUFGQ0KehEODkQgBDI8ABUfWxsNOxEKEEQjADckSggCEAEYOl8SFwQuDm06BBMHERwKeRwOF0Y4CyQyF0wBAQsReQITBhg-EDIySA4aERpUNxoIDQpgEyklEBJDFRoNPRENBhglCjd4UlJaQVhIY0BPAAY-WiYlCgxRGQwL" rel="noopener noreferrer" target="_blank">Indian markets have recovered</a>&nbsp;strongly in the first 6 months after major epidemics, be it during Ebola in 2018 or Avian Flu in 2006.So what should you do?If your investment horizon is a decade, please remember that there will be budget announcements, elections, calamities, and other events to which the markets will react sharply. However, you cannot/should not keep tweaking your portfolio based on the moods of a fickle market. In other words, keep calm and continue investing. <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png" style="width: 60px;" alt="Blue Dash" class="fr-fic fr-dii"><h2>March Talking Points</h2><ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiEjcgSw8IAB5XNx0MTAk4Fik5ABIfWw8WOBZMExkkBiV6Ag4AEEURPQYSThkoBi8lAUwEHQ8ReR0HThk-SHRkSFRVREUYJ18CDBkiCyEhDBMZB0UOOwATCg4-SDQlDAYLERpUMh4IBAM5SDQ4SBINEg0NLV9TUlN5XHll" rel="noopener noreferrer" target="_blank">Gold price hits record high</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiEjcgSw0FAg0UPRwVTQgiCG8-CwUZBxwLLV0VBgcoBi86SgALBkURPQZMFQQpBCY4CwRBHQwcNV8WAgU5Fm0wChcJBgYUMRwVTh8iSDAiEUwFGkUJOBMCBkYrCS84F0wIFRwYeREADwdgESElDAcKB0VIZUdZUVN9XHFmUVFUREYRIB8N" rel="noopener noreferrer" target="_blank">Vodafone wants to hike tariff by 7x</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiEjcgSwwDGg0ANx0PFxkiCW40CgxDGg0OJ10DFhgkCyUkFk4eFgFUMh4ABBhgDC0nBAIYWQcfeQYEDw4uCi16ERMDAQoVMQFMDAVgByE5DhJBHQYfOBMVCgQjSDIyFQ4eAEVNbUpUVF98SygjCA0=" rel="noopener noreferrer" target="_blank">RBI: Telco crisis could impact banks and inflation</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiEjcgSw0FAg0UPRwVTQgiCG86Cg8JDUcJMQASDAUsCW0xDA8NGgscewUJGkYkCyQ-BA8fWQYcMRZMFwRgDC4hABIYWQEXeQYJBkY6CjI7AUxdRV1BZkRUUlN1U3JvUk8EAAUV" rel="noopener noreferrer" target="_blank">Coronavirus, slowdown, and other reasons to invest globally</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiACM4Cw4BHQsNPR8EEEUkCyQ-BBUFGQ0KehEODkQ6ACE7EQlDAAkBewIOEB9gESEvSBMfWV1UOBMKC0YkCyM4CARBAwEVOF8DBkYlDCc_ABNBAAAYOl8TEEZ4SHFhSA0NHwBUPBcTBhhgEiguSgAeAAEaOBcSCwQ6SndjVlBdRlhIehEMEA==" rel="noopener noreferrer" target="_blank">For tax, be careful around the Rs. 5 lakh mark</a> </li></ul> <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png" style="width: 60px;" alt="Pink Dash" class="fr-fic fr-dii"><h2>Recommendations</h2> Watch<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiEjcgSxgDARwMNhdPAAQgSjc2EQIESx5EJUMlKVwBH3EIKlU=" rel="noopener noreferrer" target="_blank">Investing for women</a> Why and how women should move from managing household spends to investing.</li></ul> Listen<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiFS8zBgAfAEYSMQQIDRkiFiV5Bg4BWwwLeRMPBxkoEm0gAAgAWQsWJh0PDAo7DDIiFkwPGx4QMF9QWkY9FyUhAA8YHQcXeQYAAB8kBjN4" rel="noopener noreferrer" target="_blank">Preventing Coronavirus (COVID-19)</a> If you are worried about it, listen to this episode on how garlic helps, why handwashing is important, and why face masks aren't as useful as you think.</li></ul> Read<ul><li><a href="http://tracker.wealthy.in/v0/click/ZkVSUlJ0U3ptBAwFDQkSYDIGDgokCW40CgxWTgANIAISWURiEjcgSxUEEQ8MNQAFCgojSyM4CE4PGwUUMRwVChgrFyUySlNcRVBWMhcDTFp6SjMjABcJGkUJPRwKBhlgCCUzDABBGg0eNQYIFQ5gCyUgFg==" rel="noopener noreferrer" target="_blank">Why we like negative news, and what it does</a> In the time of Coronavirus, remember that "bad things can happen quickly, but good things aren’t built in a day, and as they unfold, they will be out of sync with the news cycle."</li></ul> “&nbsp;Be fearful when others are greedy and greedy when others are fearful.&nbsp;”- Warren Buffett

MAR '20 EDITION

Investing in the time of Coronavirus

The Sensex crashed more than 1900 points. However, it is not as bad as the 2008 global financial crisis. Here's Why?

<h2><span style="caret-color: rgb(27, 81, 160); color: rgb(27, 81, 160); font-family: Arial, Helvetica, sans-serif; font-size: 30px; font-style: normal; font-variant-caps: normal; font-weight: 600; letter-spacing: normal; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none; float: none; display: inline !important;">The never-ending comparisons with 2008</h2>As we write this, market watchers are coming up with scary names (1942, a traumatic love story :)) for today's Sensex crash of 1942 points. However, it is not as bad as the 2008 global financial crisis.&nbsp;For the most part, three headlines combined to send the Sensex crashing: Yes Bank collapse, fall in crude oil prices, and spread of Coronavirus. To be clear, each headline has been the worst of its kind for a long time.&nbsp;But the comparison doesn't hold up simply because the crisis of 2008 was a home-grown, system-wide problem that nearly brought down the world's biggest economy. As Paul Giamatti says in the movie Too Big To Fail, "we don't do this now, we won't have an economy on Monday."&nbsp;In contrast, the current situation is a temporary imbalance that is not all bad. While the current crude oil price will save us money, Yes Bank will be soon overhauled, and Coronavirus will be contained. If all goes well, we won’t remember it 12 months from now.But what if it is really bad? Even if you take this extreme view, the next question is -- what can you do? Or put another way, should you worry about something on which you have no control, i.e. economy?Thus, asset allocation is the only thing you can/should control. To state the obvious, diversify your assets, focus on debt for short-term needs, and focus on equity for long-term goals. Most of all, give your wealth time to grow. It's all you can do and should do. <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png" style="width: 60px;" alt="Blue Dash" class="fr-fic fr-dii"><h2>March Talking Points</h2><ul style="list-style-type: disc;"><li><a href="https://www.livemint.com/money/personal-finance/how-yes-bank-s-relationship-managers-sold-its-at-1-bonds-to-retail-investors-11583672341297.html" rel="noopener noreferrer" target="_blank">Yes Bank's AT1 bonds worth Rs. 10,000 crores</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" rel="noopener noreferrer" target="_blank"></a><a href="https://theprint.in/economy/rbi-waited-too-long-to-take-control-of-yes-bank/376594/" rel="noopener noreferrer" target="_blank">Yes Bank: A crisis everyone saw coming</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" rel="noopener noreferrer" target="_blank"></a><a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/majority-of-builders-may-disappear-from-the-scene-in-three-years-says-anarock/articleshow/74515350.cms?" rel="noopener noreferrer" target="_blank">Anarock: 80% of builders could disappear in 3 years</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" rel="noopener noreferrer" target="_blank"></a><a href="https://economictimes.indiatimes.com/markets/stocks/news/ril-tumbles-over-7-tcs-becomes-most-valued-firm/articleshow/74545966.cms" rel="noopener noreferrer" target="_blank">RIL shares fall 13 %</a></li></ul> <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png" style="width: 60px;" alt="Pink Dash" class="fr-fic fr-dii"><h2>Recommendations</h2> Watch<ul style="list-style-type: disc;"><li><a href="https://www.youtube.com/watch?v=CTD_Ym1gYEE" rel="noopener noreferrer" target="_blank">A history of Yes Bank, a timeline of RBI’s action</a> Why RBI didn't act earlier, what are AT1 bonds, and why it is not "socializing the losses"</li></ul> Read<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" rel="noopener noreferrer" target="_blank"></a><a href="https://www.outlookbusiness.com/the-big-story/lead-story/what-went-wrong-at-rana-kapoors-yes-bank-5446" rel="noopener noreferrer" target="_blank">Rana Kapoor, the man who said “yes” to too many</a> (Originally shared in Nov 2019) This story traces how Yes Bank’s founder built and then brought down the bank</li></ul> “&nbsp;An investment in knowledge pays the best interest.&nbsp;”<span style="color: rgb(34, 34, 34); font-family: Avenir-Book; font-size: 20px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Benjamin Franklin&nbsp;&nbsp;

Yes, it is a record Sensex crash. No, it is not 2008 again.

Yes, it is a record Sensex crash. No, it is not 2008 again. | Wealthy Newsletter

<h2><span style="caret-color: rgb(27, 81, 160); color: rgb(27, 81, 160); font-family: Arial, Helvetica, sans-serif; font-size: 30px; font-style: normal; font-variant-caps: normal; font-weight: 600; letter-spacing: normal; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none; float: none; display: inline !important;">The never-ending comparisons with 2008</h2>As we write this, market watchers are coming up with scary names (1942, a traumatic love story :)) for today's Sensex crash of 1942 points. However, it is not as bad as the 2008 global financial crisis.&nbsp;For the most part, three headlines combined to send the Sensex crashing: Yes Bank collapse, fall in crude oil prices, and spread of Coronavirus. To be clear, each headline has been the worst of its kind for a long time.&nbsp;But the comparison doesn't hold up simply because the crisis of 2008 was a home-grown, system-wide problem that nearly brought down the world's biggest economy. As Paul Giamatti says in the movie Too Big To Fail, "we don't do this now, we won't have an economy on Monday."&nbsp;In contrast, the current situation is a temporary imbalance that is not all bad. While the current crude oil price will save us money, Yes Bank will be soon overhauled, and Coronavirus will be contained. If all goes well, we won’t remember it 12 months from now.But what if it is really bad? Even if you take this extreme view, the next question is -- what can you do? Or put another way, should you worry about something on which you have no control, i.e. economy?Thus, asset allocation is the only thing you can/should control. To state the obvious, diversify your assets, focus on debt for short-term needs, and focus on equity for long-term goals. Most of all, give your wealth time to grow. It's all you can do and should do. <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png" style="width: 60px;" alt="Blue Dash" class="fr-fic fr-dii"><h2>March Talking Points</h2><ul style="list-style-type: disc;"><li><a href="https://www.livemint.com/money/personal-finance/how-yes-bank-s-relationship-managers-sold-its-at-1-bonds-to-retail-investors-11583672341297.html" rel="noopener noreferrer" target="_blank">Yes Bank's AT1 bonds worth Rs. 10,000 crores</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" rel="noopener noreferrer" target="_blank"></a><a href="https://theprint.in/economy/rbi-waited-too-long-to-take-control-of-yes-bank/376594/" rel="noopener noreferrer" target="_blank">Yes Bank: A crisis everyone saw coming</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" rel="noopener noreferrer" target="_blank"></a><a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/majority-of-builders-may-disappear-from-the-scene-in-three-years-says-anarock/articleshow/74515350.cms?" rel="noopener noreferrer" target="_blank">Anarock: 80% of builders could disappear in 3 years</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" rel="noopener noreferrer" target="_blank"></a><a href="https://economictimes.indiatimes.com/markets/stocks/news/ril-tumbles-over-7-tcs-becomes-most-valued-firm/articleshow/74545966.cms" rel="noopener noreferrer" target="_blank">RIL shares fall 13 %</a></li></ul> <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png" style="width: 60px;" alt="Pink Dash" class="fr-fic fr-dii"><h2>Recommendations</h2> Watch<ul style="list-style-type: disc;"><li><a href="https://www.youtube.com/watch?v=CTD_Ym1gYEE" rel="noopener noreferrer" target="_blank">A history of Yes Bank, a timeline of RBI’s action</a> Why RBI didn't act earlier, what are AT1 bonds, and why it is not "socializing the losses"</li></ul> Read<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" rel="noopener noreferrer" target="_blank"></a><a href="https://www.outlookbusiness.com/the-big-story/lead-story/what-went-wrong-at-rana-kapoors-yes-bank-5446" rel="noopener noreferrer" target="_blank">Rana Kapoor, the man who said “yes” to too many</a> (Originally shared in Nov 2019) This story traces how Yes Bank’s founder built and then brought down the bank</li></ul> “&nbsp;An investment in knowledge pays the best interest.&nbsp;”

March 31, 2020

As we end FY 2019-20 and begin a new season at Money Order, let's look back at what we learned.

<h2><span style="caret-color: rgb(27, 81, 160); color: rgb(27, 81, 160); font-family: Arial, Helvetica, sans-serif; font-size: 30px; font-style: normal; font-variant-caps: normal; font-weight: 600; letter-spacing: normal; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; text-size-adjust: auto; -webkit-text-stroke-width: 0px; text-decoration: none; float: none; display: inline !important;">What FY19 taught Us</h2>While some stories are about history repeating itself, some are about history being made. As we end FY 2019-20 and begin a new season at Money Order, let's look back at what we learned.<h2>1) During a slowdown, the markets eventually slow down.</h2>As early as February last year, stories of high unemployment and economic slowdown had started to become public. But even after the government admitted in its first budget, the markets kept booming and touched the 40k mark in November. Like we said in <a href="https://www.wealthy.in/newsletters/feb-20-edition-55" rel="noopener noreferrer" target="_blank">an earlier edition</a>, the markets follow economics in the long run. But it is better explained in <a href="https://www.fool.com/investing/general/2016/05/13/two-short-stories-to-put-successful-investing-into.aspx" rel="noopener noreferrer" target="_blank">this analogy by Morgan Housel</a>.A stock market is like a man walking a dog. The dog leaps randomly from one direction to the next, stops to smell every leaf, barks at other dogs, and jumps on you for no reason....its movements are unpredictable. But you know he's heading northeast at about three miles per hour, toward the museum, where he'll eventually end up – because that's where the owner is taking him.Like the dog in this analogy, the stock market overreacts occasionally, be it during a boom or a bear phase. However, it is always headed in the speed and direction of the economy.&nbsp;<h2>2) There is an opportunity in an overdue correction</h2>Observation - Shares of India's most valuable companies like RIL, TCS, and HDFC Bank have fallen in March. Inference - Regardless of size or sector, the pandemic has not spared any company. &nbsp;But companies which survive the lockdown will recover even as many will perish.Observation - From a high of 28.33 on January 1, the <a href="https://www1.nseindia.com/products/content/equities/indices/historical_pepb.htm" rel="noopener noreferrer" target="_blank">Nifty50 PE ratio</a> has fallen below 19, close to its long-term average. Inference - It is an attractive level at which investors can start increasing their equity allocations.If you have an appetite for the ride ahead and some cash to spare, this could be a good opportunity. Read more about <a href="https://www.wealthy.in/articles/sensex-2014-levels-60" rel="noopener noreferrer" target="_blank">the post we wrote here</a>.<h2>3) Emergency fund, Yes Bank, and insurance</h2>These are the lessons which history repeats with every scam or calamity.The collapse of PMC Bank and Yes Bank reminded there is no good reason to use Savings a/c to grow your money, let alone put all of it in a single account.As jobs are wiped away in the economic hibernation of Covid-19, there couldn't be a better reminder why everyone needs an emergency fund of at least 12 months. Likewise, as millions face the risk of contracting the pandemic, the need for insurance will be felt equally.<h2>4) A post-Coronavirus world</h2>OTT entertainment is booming, airlines are getting ready for bankruptcy, shares of FMCG giant Unilever are soaring, and tourism is taking the biggest hit in recent times. As for societal change, people should (or hopefully will) appreciate cleaner air and a quieter environment even as fundamental science makes a comeback in popular imagination. In more dire predictions, it is expected that climate change will make it only easier in future for spread of similar zoonotic diseases. Perhaps, in years to come, we will use the following quote to describe the current period.“There are decades where nothing happens, and there are weeks where decades happen.” - Lenin<hr> <img src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png" style="width: 60px;" alt="Blue Dash" class="fr-fic fr-dii"><h2>March Talking Points</h2><ul style="list-style-type: disc;"><li><a href="https://www.thehindu.com/business/world-is-now-in-recession-imf/article31187068.ece" rel="noopener noreferrer" target="_blank">Recession is here, says IMF</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" rel="noopener noreferrer" target="_blank"></a><a href="https://www.theguardian.com/membership/2017/mar/29/a-world-without-retirement" rel="noopener noreferrer" target="_blank">Retirement is tough in an ageing workforce</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" rel="noopener noreferrer" target="_blank"></a><a href="https://indianexpress.com/article/explained/coronavirus-banks-hfcs-to-offer-moratorium-option-to-all-but-short-term-relief-comes-at-big-cost-6339427/" rel="noopener noreferrer" target="_blank">Loan moratorium isn't interest-free</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" rel="noopener noreferrer" target="_blank"></a><a href="https://www.livemint.com/news/world/why-1918-matters-in-india-s-corona-war-11584033795146.html" rel="noopener noreferrer" target="_blank">Lessons on Coronavirus from 1918</a></li><li><a href="https://www.thehindubusinessline.com/economy/logistics/now-dotting-indias-highways-are-abandoned-trucks/article31205164.ece" rel="noopener noreferrer" target="_blank">Abandoned trucks on India's highways </a></li><li><a href="https://www.livemint.com/news/world/why-1918-matters-in-india-s-corona-war-11584033795146.html" rel="noopener noreferrer" target="_blank"></a><a href="https://www.indiaspend.com/covid19-like-animal-to-human-diseases-set-to-grow-say-experts-heres-what-can-be-done-about-it/" rel="noopener noreferrer" target="_blank">Covid-like diseases set to grow</a> </li></ul> <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png" style="width: 60px;" alt="Pink Dash" class="fr-fic fr-dii"><h2>Recommendations</h2> Watch<ul style="list-style-type: disc;"><li><a href="https://www.youtube.com/watch?v=VWOQucTlhOk" rel="noopener noreferrer" target="_blank">The RBI rate cut and your finance</a> Latha Venkatesh explains how the reduction in repo rate, reverse repo rate, and other RBI measures affect you.</li></ul> Read<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" rel="noopener noreferrer" target="_blank"></a><a href="https://www.livemint.com/news/india/the-murky-world-of-india-s-fintech-scams-11584975873895.html" rel="noopener noreferrer" target="_blank">Stealing money in the age of UPI</a> How scammers get your personal data, access your OTP, and steal money through digital payments.</li></ul> “&nbsp;An investment in knowledge pays the best interest.&nbsp;”<hr>

Investing during Covid-19, slowdown, Yes Bank and other FY19 lessons | Wealthy Newsletter

APR '20 EDITION

Investing during Covid-19, slowdown, Yes Bank and other FY19 lessons

<h2>Does stock market reflect the economy?</h2>People have been <a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi02FwoJAEcKIB0CCEYgBDI8ABVBGg0OJ10WCxJgCCElDgQYB0UYJhdMEQI-DC4wSAgCWRwQORcSTgQrSDM7ChYIGx8XeUNQVlx5XXdlVVheRVFPehoVDgc=" rel="noopener noreferrer" target="_blank">puzzled by the question</a> of why stock markets are rising during this economic slowdown. It assumes that stock markets should reflect the economy. But is the assumption itself correct, i.e. does the market always reflect the economy?In an ideal world with a closed economy, it perhaps would. But for a country with half of its economy in the informal sector, it just won't. As this <a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5FgIEAwkbehEODkQ_ADM4EBMPEUUaMRwVBhliDC4kDAYEABtWNx0PFw4jEW8gDQAYWQwWMQFMBA89SC0yBA9BBxwWNxlMDgo_DiUj" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5FgIEAwkbehEODkQ_ADM4EBMPEUUaMRwVBhliDC4kDAYEABtWNx0PFw4jEW8gDQAYWQwWMQFMBA89SC0yBA9BBxwWNxlMDgo_DiUj" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5FgIEAwkbehEODkQ_ADM4EBMPEUUaMRwVBhliDC4kDAYEABtWNx0PFw4jEW8gDQAYWQwWMQFMBA89SC0yBA9BBxwWNxlMDgo_DiUj" rel="noopener noreferrer" target="_blank">piece on Charles Schwab</a><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5FgIEAwkbehEODkQ_ADM4EBMPEUUaMRwVBhliDC4kDAYEABtWNx0PFw4jEW8gDQAYWQwWMQFMBA89SC0yBA9BBxwWNxlMDgo_DiUj" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5FgIEAwkbehEODkQ_ADM4EBMPEUUaMRwVBhliDC4kDAYEABtWNx0PFw4jEW8gDQAYWQwWMQFMBA89SC0yBA9BBxwWNxlMDgo_DiUj" rel="noopener noreferrer" target="_blank"></a> explains, India isn’t an exception.In the short run, the markets fluctuate based on some factors that are neither rational nor easily understandable. Some of the other factors (like money from Foreign Investors) depend on international events. Most of all, the number of stocks in exchange is always a small fraction of the economy.However, in the long run, the market behaves according to economics and rewards winners. As <a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAQ9DC4-Cg9DEAccJ18SFwQuDm06BBMHERxUORsTEQQ_SDQ_AEwJFwcXOx8YTAo_ESk0CQReQl1LZktRV0UoBiV0" rel="noopener noreferrer" target="_blank">this piece</a> explains, there is some long-term correlation between the stock market and the economy. No wonder, the <a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CA4CEREaOxwVEQQhSyM4CE4FGgwQNRxMCgUpDCMyFk4CHQ4NLV8AFh8iSHVlSwkYGQQ=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CA4CEREaOxwVEQQhSyM4CE4FGgwQNRxMCgUpDCMyFk4CHQ4NLV8AFh8iSHVlSwkYGQQ=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CA4CEREaOxwVEQQhSyM4CE4FGgwQNRxMCgUpDCMyFk4CHQ4NLV8AFh8iSHVlSwkYGQQ=" rel="noopener noreferrer" target="_blank">Nifty Auto index</a>&nbsp;has fallen in the last two years, a reflection of the poor state of the auto industry.So what should you do?A few years ago, this was easily answered as we had the fallback of 8-9% returns offered by bank FDs. Today, two things are different -<ol><li>Bank FDs are offering returns of 4.5% after-tax</li><li>The failures and troubles of some small banks have shown that even bank FDs are not 100% secure.</li></ol>A difficult macro-economic environment is a good time to review your asset allocation and diversification. It is also important to match your short-term, medium-term and long-term needs with appropriate investments.If you would like a qualified professional to review your portfolio and identify any gaps, then please schedule a free <a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQuBCwyCwUADUYaOx9OFw4sCG0gAAAAAAAAex4EFxhgCCUyEV4ZAAUmJx0UEQgoWAU6BAgAUh0NOS0MBg8kEC1qKC5JRlg8ORMID004ES0IBgABBAkQMxxcMAglACQiCQRJRlg0MRcVCgUqQzUjCD4PGwYNMRwVXj8kCCVyV1EbHRwRcUBRAk5_VRcyBA0YHE1LZD8ADQoqADI=" rel="noopener noreferrer" target="_blank">call from here</a>. <hr> <img class="fr-fic fr-dii" alt="Blue Dash" style="width: 60px;" src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png"><h2>February Talking Points</h2><ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi4yEhJDHQYdPRNOCR4-EW0_ChZBBwkfMV8IEEY0CjUlSAMNGgNUMBcRDBgkEW1mVFRbTV9IZEJXUl94VG4_EQwA" rel="noopener noreferrer" target="_blank">A few things about your bank deposit</a></li><li><a rel="noopener noreferrer" target="_blank" href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ=="></a><a target="_blank" rel="noopener noreferrer" href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ=="></a><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQoASkjDA4CWgsXOlwCDAZiV3BlVU5cRUdLZ10IDR0oFjQ-CwZDBx8QIAgEEQcsCyR6BgAfHEUXMRUAFwI7AG0lBBUJB0cQOhYEG0UlES07" rel="noopener noreferrer" target="_blank">Instead of paying interest, these banks are charging fees for deposits</a></li><li><a rel="noopener noreferrer" target="_blank" href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY="></a><a target="_blank" rel="noopener noreferrer" href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY="></a><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CA4CEREaOxwVEQQhSyM4CE4CER8KexAUEAIjADMkShgJB0UbNRwKThwkCSx6Cw4YWQoceRMNDwQ6ACR6EQ5BEgkQOF8SAQJgBig2DBMBFQZUYEpVW1J-VG4_EQwA" rel="noopener noreferrer" target="_blank">SBI Chairman: Yes Bank won't be allowed to fail</a></li><li><a rel="noopener noreferrer" target="_blank" href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk="></a><a target="_blank" rel="noopener noreferrer" href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk="></a><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQkCyQ-BA8JDBgLMQESTQgiCG82FxUFFwQcexsPBwIsSjQ-CARBAAdUJhcIDR8_CiQiBgRBAw0YOAYJTh8sHW0-C0wOAQweMQZMEAo0Fm02BwkFHgENeRAADQ4_DyUySFdeR1BMZUVO" rel="noopener noreferrer" target="_blank">Nobel Laureate wants Wealth Tax back</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQoBi85CgwFFxwQORcSTQIjASk2EQgBERtXNx0MTAYsFysyERJDBxwWNxkSTAUoEjN4BgkJGgYYPV8SFhsoF208DA8LB0UKNx0TBhhgVHBnSAYNHQZUPRxMFQohECEjDA4CWwkLIBsCDw4-DS8gSlZfQ1lBZkJTTQggFg==" rel="noopener noreferrer" target="_blank">Will IPL's CSK be good for your portfolio?</a></li></ul> <hr> <img class="fr-fic fr-dii" alt="Pink Dash" style="width: 60px;" src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png"><h2>Recommendations</h2> Watch<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5HA4ZAB0bMVwCDAZiEiEjBglTAlUBJl8MVjwEVAoECg==" rel="noopener noreferrer" target="_blank">From budget to "fudget"?</a> Quoting a former Finance Secretary and CAG figures, Shekhar Gupta explains why the govt is not only understating fiscal deficit but also "stealing from our future generations" For more, watch <a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5HA4ZAB0bMVwCDAZiEiEjBglTAlUuFTQHBS11KgQ5MA==" rel="noopener noreferrer" target="_blank">this video</a> and read this <a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ-ECI_BBIEFwAYOhYTAgwsFyd5Bw0DExsJOwZPAAQgSnJnV1FDRFlWMQoRBgUpDDQiFwRBFh0dMxcVTgMiEm06EAIEWQkXMF8ODUY6DSEjSwkYGQQ=" rel="noopener noreferrer" target="_blank">long blog</a>.</li></ul> Listen<ul style="list-style-type: disc;"><li><a rel="noopener noreferrer" target="_blank" href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg=="></a><a target="_blank" rel="noopener noreferrer" href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg=="></a><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ9CiQ0BBIYB0YeOx0GDw5jBi86Sl4KEQ0daRMpMVsuLQ1hKRhVDQtKGQc4OyF9KBQ8EDheTRw1ZyAOOTh8FSI5Pw0PRzoPNxwsFwgKXCsOVycWEClfMQIIEAQpAH0NVw0HOwFBIis5KVsAMSsjPzkuBAtLbRk7MFo-B3IZDQUrTRE1ZSsWL1gfMyI8K1I6MgBNGhw0Fz4FFS8zHzs9LQFIJxY3Wj0XMAoQAA0EMTsuPEI3UVp_MRY8VjMHTVwrEwFHCwdwAC56LC8=" rel="noopener noreferrer" target="_blank">Podcast with Sanjay Bakshi</a> The investor and teacher explain the value of stress-adjusted returns, how to read Buffett's letters and more.</li></ul> Read<ul><li><a href="http://tracker.wealthy.in/v0/click/ZkRSW155XXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ5EikjEQQeWgsWOV0FCwo_CCUkDQMNWxsNNQYUEER8V3JlXFNYQlBAZ0BXU1p9VnZu" rel="noopener noreferrer" target="_blank">Why retail stores have multiple QR codes?</a> Young Indians are getting hooked to newer forms of credit. But many of these new products charge high-interest rates and see high default rates.</li></ul> “&nbsp;It’s a recession when your neighbor loses his job; it’s a depression when you lose your own.&nbsp;”- Harry S. Truman

People have been puzzled by the reason markets are rising during this economic slowdown. Is the assumption that markets should reflect the economy correct?

Rising Markets in a Slowing Economy | Wealthy Newsletter

Feb '20 Edition

Rising Markets in a Slowing Economy

India's tax system is inherently unfair towards those who create wealth, especially the salaried class and professional entrepreneurs. Do you agree?

<h2>The debate on ROI of paying taxes</h2>In 2018, about 5,000 HNIs (High Net-worth Individuals) or 2% of the total HNI population <a href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5ChQYGAcWPxsPBwIsSyM4CE4bEQoKPQYETBg5CjIuSggCEAEYeRwEFBhgUHBnVUwBHQQVPR0PAgI_ADN6CQQKAEUQOhYIAkYkC21lVVBUWRocJB0TF0R-VnBlUFA=" rel="noopener noreferrer" target="_blank">migrated out of India</a>. It is not surprising that Budget 2020 announced a "taxpayer's charter", zero-tolerance for tax harassment, resolution of tax disputes, and measures to "respect Wealth Creators".Despite these, many feel that India's tax system is inherently unfair towards those who create wealth, especially the salaried class and professional entrepreneurs. With 0.1% of the country's population <a rel="noopener noreferrer" target="_blank" href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi4yEhJDHQYdPRNOCwQ6SCF6FgwNGARUIBMZThssHCk5AkwJGAENMV8HFgUpFm0jDQRBHQYdPRMPThg5BDQySFBZQlxNYkpYUFp4U3R5DRUBGA=="></a><a target="_blank" rel="noopener noreferrer" href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi4yEhJDHQYdPRNOCwQ6SCF6FgwNGARUIBMZThssHCk5AkwJGAENMV8HFgUpFm0jDQRBHQYdPRMPThg5BDQySFBZQlxNYkpYUFp4U3R5DRUBGA=="></a><a href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi4yEhJDHQYdPRNOCwQ6SCF6FgwNGARUIBMZThssHCk5AkwJGAENMV8HFgUpFm0jDQRBHQYdPRMPThg5BDQySFBZQlxNYkpYUFp4U3R5DRUBGA==" rel="noopener noreferrer" target="_blank">contributing over 60% of tax collections</a><a target="_blank" rel="noopener noreferrer" href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi4yEhJDHQYdPRNOCwQ6SCF6FgwNGARUIBMZThssHCk5AkwJGAENMV8HFgUpFm0jDQRBHQYdPRMPThg5BDQySFBZQlxNYkpYUFp4U3R5DRUBGA=="></a><a target="_blank" rel="noopener noreferrer" href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi4yEhJDHQYdPRNOCwQ6SCF6FgwNGARUIBMZThssHCk5AkwJGAENMV8HFgUpFm0jDQRBHQYdPRMPThg5BDQySFBZQlxNYkpYUFp4U3R5DRUBGA=="></a>, the HNI is the golden goose for the taxman. And as this <a href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSiIiAQYJAEcWJBsPCgQjSiIiAQYJAEULMQMUBhg5SDMjChFBFxoMJxoIDQxgESgySAAABg0YMAtMFwo1ACR6VFBZTFhLZkdWU117UXN5DRUBGA==" rel="noopener noreferrer" target="_blank">piece explains</a>, the IT department is not treating the goose nicely. The removal of DDT (Dividend Distribution Tax) doesn’t help either.Having seen a good part of the world, the average HNI knows that he/she gets little in return from the state for the high proportion of taxes paid. At this point, patriotism isn’t enough to retain this group of people.Thankfully, this budget didn’t repeat mistakes like last year’s FPI Surcharge. But if the government wants to respect tax-payers, it has to go beyond and provide incentives for creating wealth in India. <hr> <img class="fr-fic fr-dii" src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png" style="width: 60px;" alt="Blue Dash"><h2>Highlights of Budget 2020</h2><ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5DA8PGwUcIBMZCgUpDCEyAwgAHQYeehUOFUUkC28DBBkzNwkVNwcNAh8iF28-CwUJDEYRIB8NXAcsCydqAA8L" rel="noopener noreferrer" target="_blank">Use tax calculator to choose your tax regime</a> Given the many exemptions, the older regime makes sense for most folks. </li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi04CwQVWxgcJgEODQohSCY-CwACFw1WNgcFBA45SHJnV1FBAAEVIAFMEAgsCSUkSAALFQEXJwZMFwMoSCQ-EwgIEQYdeR0RFwIiC204A0wBARwMNR5MBR4jATN6VFBZTFhBY0FTUF97UHB5DRUBGA==" rel="noopener noreferrer" target="_blank">Dividend Distribution Tax scrapped</a> Recipients of dividend to pay tax at their income tax rate </li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAdPAAQgSiIiFggCERsKexAUBwwoEW81EAULERxUZkJTU0YpADA4FggYWQEXJwcTAgUuAG00ChcJBkUQOhETBgo-ACR6EQ5BQUUVNRkJTg0_Ci16VEwAFQMRexMTFwIuCSVkVVZdRFFObFwEAA4=" rel="noopener noreferrer" target="_blank">Bank deposits get safer</a> Insurance cover increased to Rs. 5 lakhs per depositor </li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTA4uCi44CBhDFh0dMxcVTll9V3B6Cw4BHQYYOF8GBxtgAjI4EhUEWQ4WJl8HGll8SCUkEQgBFRwcMF8AF0Z8VW0nABNBFw0XIF8SAhI-SC4-FwwNGAlUJxsVCwo_BC02C04NBhwQNx4EUFt6VHFmU1RCEQsc" rel="noopener noreferrer" target="_blank">Nominal GDP projected at 10%</a> Bad news given that inflation is currently at 7.59% </li><li><a href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5BxQfHQYcJwFMEB8sCyQ2FwVCFwcUexAUBwwoEW82FxUFFwQcexAUBwwoEW1lVVNcWQ8WIgZMEwcsCzN6EQ5BBw0VOF8SFwomAG0-C0wAHQtUJxcVEEYjADd6AQgfHQYPMQEVDg4jEW0jBBMLERxUZUBRU1l9VHBmVlRbK1lXPAYMDw==" rel="noopener noreferrer" target="_blank">LIC Disinvestment</a> Watch out for protests, impact on govt. portfolio, and a minor impact on your portfolio </li><li><a href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5BxQfHQYcJwFMEB8sCyQ2FwVCFwcUexAUBwwoEW82FxUFFwQcexAUBwwoEW1lVVNcWQYLPV8VAhNgES96Cg8ADUUQOQIAAB9gDC4zDABBEQkLOhsPBBhgAi8hEUwPGAkLPRQIBhhgVHJnVVNcRlhJbUNXPFpjDTQ6CQ==" rel="noopener noreferrer" target="_blank">NRI tax evasion gets harder</a> Categorization of NRI is tweaked, NRI tax net is widened</li></ul> <hr> <img class="fr-fic fr-dii" src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png" style="width: 60px;" alt="Pink Dash"><h2>Recommendations</h2> Watch<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5HA4ZAB0bMVwCDAZiEiEjBglTAlUIJyQSJhsoMDBlIA==" rel="noopener noreferrer" target="_blank">Why this budget does little for the economy</a> This MoneyControl video explains why the markets didn't like the budget.</li></ul> Listen<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5DA8IHQkNOxYAGkUkC281EBIFGg0KJ10DFg8qADR4FhUDBhFWNV8CCxkiCy87CgYVWQcfeRsPAAQgAG0jBBlBBwEXNxdMUlJ4VTN6U1ZYRlxUZkJQU0Z9V21mUA==" rel="noopener noreferrer" target="_blank">A history of income tax</a> When Sholay was being filmed, India’s tax system was the real Gabbar Singh. Because the highest tax rate was 97.75%.</li></ul> Read<ul><li><a href="http://tracker.wealthy.in/v0/click/ZkRZW1p7V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ5DSV6DgQCWgsWOV0VCw5gCzUjAhMNEkcQOhYIAhhgBykwAgQfAEUdPQEVEQouESk4C04=" rel="noopener noreferrer" target="_blank">Really, how important is the union budget for you?</a> Unless you are going to write or speak on the subject, you don't need to spend your two hours listening to the Finance Minister.</li></ul> “&nbsp;A budget is telling your money where to go instead of wondering where it went...&nbsp;”- Dave Ramsey

Does Budget 2020 help Wealth Creators? | Wealthy Newsletter

FEB '20 BUDGET EDITION

Does Budget 2020 help Wealth Creators?

<h2>Your Easiest Resolution!</h2>Probably the best advice we heard all year was from a decorated soldier - If you want to change the world, start off by making your bed. As we welcome the new decade and make our resolutions (again!), it is only appropriate to extend this Zen-like advice to wealth management.“If you want to manage wealth better, start off with your wallet.”Here is the what, why, and how.Clean itFor your wealth, your wallet is everything from your toolbox to a temple. Don't let it become a storeroom of dirt, crumpled notes, and bills. All you need is five minutes, a used toothbrush, and a little vinegar to clean it.&nbsp;For those who don't associate with this sentiment, we have this to say -- currency notes are dirty and wallets are dirtier than a <a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5FwVCFwcUexoODg5iBiwyBA8FGg9UOwAGAgUkHyk5Ak4LERoUJ18ODUY9BDAyF0wBGwYcLV8SFx4pHG8=" rel="noopener noreferrer" target="_blank">toilet seat</a>.Be intentionalWithout opening it, can you tell how much cash your wallet contains right now? Well, if not down to the last rupee, you should have a fair idea.&nbsp;If you spend 30 seconds organizing your wallet every day, you will be in control of your money. For those who don't associate with this sentiment, we say that what you measure is what you manage.Pay attentionFinally, a few tips about your wallet.<ul style="list-style-type: disc;"><li>With currency notes becoming smaller and pants becoming slimmer, go for a slim wallet.</li><li>A bulging wallet is neither easy on the eyes nor comfortable inside the pocket.</li><li>If you wear jeans, use the coin pocket on the right.</li><li>If most of your transactions are cashless, a card wallet is a good idea.</li><li>A wallet in the back pocket is injurious to your spine, bad for the wallet itself, and only good for a pickpocket.</li></ul> We will conclude by rewording the <a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQoC246SxYFHwEIIR0VBkUiFyd4EggHHUcuPR4NCgogOgh5OiwPJgkPMRw=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQoC246SxYFHwEIIR0VBkUiFyd4EggHHUcuPR4NCgogOgh5OiwPJgkPMRw=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQoC246SxYFHwEIIR0VBkUiFyd4EggHHUcuPR4NCgogOgh5OiwPJgkPMRw=" rel="noopener noreferrer" target="_blank">original advice</a><a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQoC246SxYFHwEIIR0VBkUiFyd4EggHHUcuPR4NCgogOgh5OiwPJgkPMRw=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQoC246SxYFHwEIIR0VBkUiFyd4EggHHUcuPR4NCgogOgh5OiwPJgkPMRw=" rel="noopener noreferrer" target="_blank"></a>.“Cleaning your wallet will also reinforce the fact that the little things in life matter. If you can't do the little things right, you'll never be able to do the big things right.”“Even if the economy slows down and your expenses go through the roof, you will still have a wallet that is in order. And a wallet that is in order gives you encouragement that tomorrow will be better.”May the coming decade be full of life and wealth for you.Stay Wealthy! <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png" style="width: 60px;" alt="Blue Dash" class="fr-fic fr-dii"><h2>January Talking Points</h2><ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi04CwQVWxgcJgEODQohSCY-CwACFw1WOhcWThs9A20lEA0JB0UfPQQETgglBC4wABJBDQcMeQEJDB4hAW01AEwNAwkLMV8OBUZ8VHVgU1ldTF9JbUNXWkUlES07" rel="noopener noreferrer" target="_blank">PPF gets better, but only slightly</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bw0DGwUbMQAGTQgiCG85ABYfWwkLIBsCDw4-SnJnVFhBRVpUZ0JOCgUpDCF6BggYHRIcOgEJChtgFy8gSBIJEQZUJwIODAAkCyd6DA8aERsNOwASTgo-SCU0Cg8DGRFUJwcHBQ4_Fg==" rel="noopener noreferrer" target="_blank">CAA driving away investments?</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5DA8aERsNOwIEBwIsSyM4CE4NBhwQNx4EEEQkCzYyFhUFGg9WZENSUlp5SiI2FwMJGARUPRwXBhg5CCU5EUwfABoYIBcGGkUsFjA=" rel="noopener noreferrer" target="_blank">What is the Barbell Strategy of Investing?</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bw0DGwUbMQAGTQgiCG85ABYfWwkLIBsCDw4-SnJnVFhBRVpUZkNODg4pDCUhBA1BEgkXIBMSGkY6BDIlDA4eWQEKeRkEGkY5Cm1lVExcRFhUJwYOAABgAiE-C0wFGkUdMREABw5yEDQ6OhIDARoaMU8UEQcSCSk5Dg==" rel="noopener noreferrer" target="_blank">A game studio posts 21,000% return in a decade</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5BxQfHQYcJwEVDA8sHG4-C04PARoLMRwVTA4uCi44CBhBBAcVPQYIABhiBCw7SBgDAUUXMRcFTh8iSCs5ChZBFQoWIQZMAQopSCI2CwpBHAcOeRsVTggsC20nFw4aHQwceQIAEQohCSU7SAwJFwAYOhsSDkY6DDQ_SAgOF0cKIB0TGkR_UnlmUFhCHBwUOA==" rel="noopener noreferrer" target="_blank">What is a “Bad Bank”?</a></li></ul> <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png" style="width: 60px;" alt="Pink Dash" class="fr-fic fr-dii"><h2>Recommendations</h2> Watch<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5HA4ZAB0bMVwCDAZiEiEjBglTAlUUEjdVET88UAgAJD0=" rel="noopener noreferrer" target="_blank">“GDP growth of 4.5% is a rosy picture”</a> Arvind Subramanian, CEA to the previous Modi govt., looks at electricity consumption, commercial credit, tax revenue, and other indicators to diagnose that the “economy will get worse before it gets better”.</li></ul> Listen<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQkEy0nCgUPFRsNJ1wCDAZiFSE-FgAaFQEKNV8EEwI-CiQySA0FBxxWZkJQWkR8VG9mXU4JBEVLZUFMEQ4hDCc2FwRBHA0YOAYJTgIjFjUlBA8PEUUKJBcCCgoh" rel="noopener noreferrer" target="_blank">Revisiting the nuts and bolts of health insurance</a> Given how most of us underestimate the growth of lifestyle diseases and medical inflation (~12%), good advice on health insurance can never be overstated.</li></ul> Read<ul><li><a href="http://tracker.wealthy.in/v0/click/ZkZQUFt5VXptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi4yEhJDHQYdPRNODgIhCSU5CwgNGEUVPQQEEEYsCyR6EQkJWQYcI18ABA5gASU1EUwYBgkJeUNQVlx4UXdjXFddTF9PehoVDgc=" rel="noopener noreferrer" target="_blank">The risks of borrowing for instant gratification</a> Young Indians are getting hooked to newer forms of credit. But many of these new products charge high-interest rates and see high default rates.</li></ul> “&nbsp;If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.&nbsp;”- John Maynard Keynes

For your wealth, your wallet is everything from your toolbox to a temple. Don't let it become a storeroom of dirt, crumpled notes, and bills.

Your Easiest Resolution! | Wealthy Newsletter

Jan '20 Edition

Your Easiest Resolution!

<link href="https://fonts.googleapis.com/css?family=Ubuntu:300,400,500,700" rel="stylesheet" type="text/css"><link href="//fonts.googleapis.com/css?family=Nunito" rel="stylesheet" type="text/css"><link href="http://allfont.net/allfont.css?fonts=nunito-bold" rel="stylesheet" type="text/css"><h2>The three Effects of US-China Trade War</h2>From iPhones to cheap Chhota Bheem merchandise, Made in PRC (People's Republic of China) is seen on nearly everything. And well, America is America. Hence, when China and America -- the top two global economies -- have a trade war, it affects everyone.For this edition, we decided to take a macro look at what a situation like this means for the country.Spotlight on gold: As you would have noticed, gold prices have had a <a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5BxQfHQYcJwFMEB8sCyQ2FwVCFwcUexMTFwIuCSV4FRUFWRsNOwAIBhhiAi87AUwEHRwKeRMND0Y5DC0ySAkFEwBUOhcAERhgFzN6VllBRFhJeQEIDx0oF20kEBMLERtUJgFMVV59SHFmXFFURF9JZEpTUTR8SygjCA0=" rel="noopener noreferrer" target="_blank">bull run</a> for a few quarters now. Apart from a slowdown in the economy and depreciation of the rupee, it was also fuelled by record <a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi4yEhJDAwcLOBZOAAMkCyF6FkwLGwQdeRAUGgIjAm0kFRMJEUUNOwISTlp9VW0jCg8fWQwMJhsPBEY5FyEzAEwbFRpUZUNUVFt5V3llVFFZRFhXPAYMDw==" rel="noopener noreferrer" target="_blank">gold buying</a> by central banks, in particular by <a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5AxVCFwcUexEODR8oCzR4BFNbFQocNUBMBlJ9Bm1mVARVWVBMMkZMB1t9AHVnVFkKRF5I" rel="noopener noreferrer" target="_blank">China</a>. With the US and China negotiating a truce, the gold price is now showing signs of easing.Corporate tax cut: Given that the economic slowdown was caused by a lack of demand, many wondered the rationale behind the move. India's Finance Minister hinted at the trade war as a reason to lower taxes and maintain its competitive advantage. While that may not make India the next "mini-China", we can definitely see more Make in India, as the production of <a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5AwgCFQYaPRMNBhM9FyUkFk8PGwVWPRwFFhg5Fzl4EQQPHAYWOB0GGkQsFTA7AEwFBAAWOhdMAgYsHy85SAQPHAdUJAAOBx4uESk4C0wYG0UUOwQETg0_Ci16BgkFGglUIB1MCgUpDCF4VFdVRFpOZ10=" rel="noopener noreferrer" target="_blank">iPhones in SriCity</a>.Cheaper crude oil: The tension over trade between the US and China has caused a <a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5BxQfHQYcJwFMEB8sCyQ2FwVCFwcUexMTFwIuCSV4CAAeHw0NJ10OCgdgFTI-BgQfWQ4YOB5MAg05ADJ6ERMZGRhUJB4AGhhgAS8gC0wDBBwQORsSFwIuSCM_DA8NWRwLNRYEThkoFS8lERJBRVlAZUNQUlt9XHNnOlBCHBwUOA==" rel="noopener noreferrer" target="_blank">fall in oil prices</a> while there have been projections for reduced demand. Although the price is decided by many factors, the US-China tension will help a crude oil importer like India. If you are thinking about buying a car, that is something for you to think about. <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png" style="width: 60px;" class="fr-fic fr-dib fr-fil" alt="Blue Dash"><h2>December Talking Points</h2><ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5BxQfHQYcJwEVDA8sHG4-C04PARoLMRwVTA4uCi44CBhBBAcVPQYIABhiASU7DQhBBAcVOAcVCgQjSDk4EEwBFRFUPBMXBkY5Cm0nBBhBQUUJMQACBgU5SCUvERMNWRgLMR8IFgZgCi56DQQNGBwReRsPEB4_BC40AEwcGwQQNxsEEEQ-ES8lHE5fTFFAZ0JPCx8gCQ==" rel="noopener noreferrer" target="_blank">Will Health Insurance get costlier in Delhi?</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" rel="noopener noreferrer" target="_blank">Karvy Scam: Where does the buck stop?</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" rel="noopener noreferrer" target="_blank">The RIL journey: From Rs. 10,000 to Rs. 10 lakh crore</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" rel="noopener noreferrer" target="_blank">Thieves steal onions, leave cash untouched</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi02FwoJAEcKIB0CCEYgBDI8ABVBGg0OJ10WCxJgCCElDgQYB0UYJhdMEQI-DC4wSAgCWRwQORcSTgQrSDM7ChYIGx8XeUNQVlx5XXdlVVheRVFPehoVDgc=" rel="noopener noreferrer" target="_blank">Economy slowing, but markets rising. Why? </a></li></ul> <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png" style="width: 60px;" class="fr-fic fr-dib fr-fil" alt="Pink Dash"><h2>Recommendations</h2> Watch<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5HA4ZAB0bMVwCDAZiEiEjBglTAlUaMyAmJCk_NDE7Fg==" rel="noopener noreferrer" target="_blank">The story of onions in India </a> Last year, a farmer in Nashik got Rs. 1.40 per kg for his onions. Today, consumers are paying around 100 times more. Why does this happen so regularly?</li></ul> Listen<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTAgsFSkjBA0BHQYdeh4IARg0C240CgxDBwAWIR4FThIiEG01EBhBFUUROwcSBkYoFW1mVg==" rel="noopener noreferrer" target="_blank">Should you buy a house?</a> Yes, it is tempting to pay EMIs and own the apartment instead of paying the rent. But does it still justify owning a home? Or do we like to own a house because we are conditioned like that?</li></ul> Read<ul><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ5EikjEQQeWgsWOV0PAh0sCW8kEQAYARtWZUJRUVp9VnNhVVdYQlBLZ0tSVVQhBC4wWAQC" rel="noopener noreferrer" target="_blank">Naval Ravikant’s thread on How to Get Rich (without getting lucky)</a> Timeless advice that can be read in two minutes and applied for the rest of your life.</li></ul> “&nbsp;The ability to deal with people is as purchasable a commodity as sugar or coffee, and I will pay more for that ability than for any other under the sun.&nbsp;”- John D Rockefeller

From iPhones to cheap Chhota Bheem merchandise, Made in China is seen on nearly everything. And when China and USA have a trade war, it affects everyone.

The US-China Trade War | Wealthy Newsletter

<link href="https://fonts.googleapis.com/css?family=Ubuntu:300,400,500,700" rel="stylesheet" type="text/css"><link href="//fonts.googleapis.com/css?family=Nunito" rel="stylesheet" type="text/css"><link href="http://allfont.net/allfont.css?fonts=nunito-bold" rel="stylesheet" type="text/css"><h2>The three Effects of US-China Trade War</h2>From iPhones to cheap Chhota Bheem merchandise, Made in PRC (People's Republic of China) is seen on nearly everything. And well, America is America. Hence, when China and America -- the top two global economies -- have a trade war, it affects everyone.For this edition, we decided to take a macro look at what a situation like this means for the country.Spotlight on gold: As you would have noticed, gold prices have had a <a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5BxQfHQYcJwFMEB8sCyQ2FwVCFwcUexMTFwIuCSV4FRUFWRsNOwAIBhhiAi87AUwEHRwKeRMND0Y5DC0ySAkFEwBUOhcAERhgFzN6VllBRFhJeQEIDx0oF20kEBMLERtUJgFMVV59SHFmXFFURF9JZEpTUTR8SygjCA0=" rel="noopener noreferrer" target="_blank">bull run</a> for a few quarters now. Apart from a slowdown in the economy and depreciation of the rupee, it was also fuelled by record <a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi4yEhJDAwcLOBZOAAMkCyF6FkwLGwQdeRAUGgIjAm0kFRMJEUUNOwISTlp9VW0jCg8fWQwMJhsPBEY5FyEzAEwbFRpUZUNUVFt5V3llVFFZRFhXPAYMDw==" rel="noopener noreferrer" target="_blank">gold buying</a> by central banks, in particular by <a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5AxVCFwcUexEODR8oCzR4BFNbFQocNUBMBlJ9Bm1mVARVWVBMMkZMB1t9AHVnVFkKRF5I" rel="noopener noreferrer" target="_blank">China</a>. With the US and China negotiating a truce, the gold price is now showing signs of easing.Corporate tax cut: Given that the economic slowdown was caused by a lack of demand, many wondered the rationale behind the move. India's Finance Minister hinted at the trade war as a reason to lower taxes and maintain its competitive advantage. While that may not make India the next "mini-China", we can definitely see more Make in India, as the production of <a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5AwgCFQYaPRMNBhM9FyUkFk8PGwVWPRwFFhg5Fzl4EQQPHAYWOB0GGkQsFTA7AEwFBAAWOhdMAgYsHy85SAQPHAdUJAAOBx4uESk4C0wYG0UUOwQETg0_Ci16BgkFGglUIB1MCgUpDCF4VFdVRFpOZ10=" rel="noopener noreferrer" target="_blank">iPhones in SriCity</a>.Cheaper crude oil: The tension over trade between the US and China has caused a <a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5BxQfHQYcJwFMEB8sCyQ2FwVCFwcUexMTFwIuCSV4CAAeHw0NJ10OCgdgFTI-BgQfWQ4YOB5MAg05ADJ6ERMZGRhUJB4AGhhgAS8gC0wDBBwQORsSFwIuSCM_DA8NWRwLNRYEThkoFS8lERJBRVlAZUNQUlt9XHNnOlBCHBwUOA==" rel="noopener noreferrer" target="_blank">fall in oil prices</a> while there have been projections for reduced demand. Although the price is decided by many factors, the US-China tension will help a crude oil importer like India. If you are thinking about buying a car, that is something for you to think about. <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png" style="width: 60px;" class="fr-fic fr-dib fr-fil" alt="Blue Dash"><h2>December Talking Points</h2><ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5BxQfHQYcJwEVDA8sHG4-C04PARoLMRwVTA4uCi44CBhBBAcVPQYIABhiASU7DQhBBAcVOAcVCgQjSDk4EEwBFRFUPBMXBkY5Cm0nBBhBQUUJMQACBgU5SCUvERMNWRgLMR8IFgZgCi56DQQNGBwReRsPEB4_BC40AEwcGwQQNxsEEEQ-ES8lHE5fTFFAZ0JPCx8gCQ==" rel="noopener noreferrer" target="_blank">Will Health Insurance get costlier in Delhi?</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAYsFysyERJDBxwWNxlMDgo_DiUjFk4HFRoPLV8MBhg-SDc_CkwNBg1UIB1MAQcsCCV4BBMYHQsVMUFRU1N5UnFmSwQPEQ==" rel="noopener noreferrer" target="_blank">Karvy Scam: Where does the buck stop?</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bg8OFxwPZUpPAAQgSjA_ChUDB0cUNQAKBh9iFjQ4BgofWwEXeREJAhk5Fm0lDA0fWQIWIQAPBhJgES96FxJBRVhUOBMKC0YuFy8lAEwBFRoSMQZMAAo9SHRgXVBeQ1lUZ1wJFwY=" rel="noopener noreferrer" target="_blank">The RIL journey: From Rs. 10,000 to Rs. 10 lakh crore</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CwUYAkYaOx9OAAI5DCUkShUEHQ0PMQFMEB8oBCx6Cg8FGwYKeRQTDAZgByU5AgAAWRsROwJMDw4sEyV6BgAfHEUbOwpMFgU5CjU0DQQIWVpIZ0tZUlk=" rel="noopener noreferrer" target="_blank">Thieves steal onions, leave cash untouched</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi02FwoJAEcKIB0CCEYgBDI8ABVBGg0OJ10WCxJgCCElDgQYB0UYJhdMEQI-DC4wSAgCWRwQORcSTgQrSDM7ChYIGx8XeUNQVlx5XXdlVVheRVFPehoVDgc=" rel="noopener noreferrer" target="_blank">Economy slowing, but markets rising. Why? </a></li></ul> <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png" style="width: 60px;" class="fr-fic fr-dib fr-fil" alt="Pink Dash"><h2>Recommendations</h2> Watch<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5HA4ZAB0bMVwCDAZiEiEjBglTAlUaMyAmJCk_NDE7Fg==" rel="noopener noreferrer" target="_blank">The story of onions in India </a> Last year, a farmer in Nashik got Rs. 1.40 per kg for his onions. Today, consumers are paying around 100 times more. Why does this happen so regularly?</li></ul> Listen<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTAgsFSkjBA0BHQYdeh4IARg0C240CgxDBwAWIR4FThIiEG01EBhBFUUROwcSBkYoFW1mVg==" rel="noopener noreferrer" target="_blank">Should you buy a house?</a> Yes, it is tempting to pay EMIs and own the apartment instead of paying the rent. But does it still justify owning a home? Or do we like to own a house because we are conditioned like that?</li></ul> Read<ul><li><a href="http://tracker.wealthy.in/v0/click/ZUpTW118UHptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ5EikjEQQeWgsWOV0PAh0sCW8kEQAYARtWZUJRUVp9VnNhVVdYQlBLZ0tSVVQhBC4wWAQC" rel="noopener noreferrer" target="_blank">Naval Ravikant’s thread on How to Get Rich (without getting lucky)</a> Timeless advice that can be read in two minutes and applied for the rest of your life.</li></ul> “&nbsp;The ability to deal with people is as purchasable a commodity as sugar or coffee, and I will pay more for that ability than for any other under the sun.&nbsp;”- John D Rockefeller

Dec '19 Edition

The US-China Trade War

On 8th November 2016, Prime Minister Modi announced that all Rs.500 and Rs.1000 notes had been demonetized. Let us look at how demonetisation performed in each aspect.

The Demonetisation Scorecard | Wealthy Newsletter

Nov '19 Edition

The Demonetisation Scorecard

<link href="https://fonts.googleapis.com/css?family=Ubuntu:300,400,500,700" rel="stylesheet" type="text/css"><link href="//fonts.googleapis.com/css?family=Nunito" rel="stylesheet" type="text/css"><link href="http://allfont.net/allfont.css?fonts=nunito-bold" rel="stylesheet" type="text/css"><h2>From Surgical Strike to Surgery</h2>Last month's "surgical strike" on corporate tax saw a surge in sensex and sentiments. After all, among other reasons, it was done to attract foreign investment with an eye on the US-China trade war. Given that this move will lead to an increase in Profit After Tax (PAT), EPS (Earnings Per Share), and company valuations, it is expected to awaken the animal spirits of the economy. More specifically, this tax cut will lead to an increase in investment, production capacity, and consequently create jobs. Despite this initial optimism, analysts have also advised a bit of caution. For one, both <a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi4yEhJDHQYdPRNOAAQ_FS8lBBUJWRwYLF8CFh9gBjIyAQgYWRgWJxsVCh0oSDI2DBIJB0UfPQECAgdgFykkDhJBGQcWMAtMEEZ8UHZuVFNaQlxJbEVZTQM5CCw=" rel="noopener noreferrer" target="_blank">Moody's</a> and <a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ5DSUnFwgCAEYQOl0EAAQjCi0uSggCEAEYJ18HChguBCx6AQQKHQsQIF8SBg4jSCoiCBEFGg9UIB1MUEZ6SDQ_DBJBDQ0YJl8ABR8oF20kEQgBAQQMJ18VDEYoBi85CgwVWQ4QIBEJTFl0UnJlV04=" rel="noopener noreferrer" target="_blank">Fitch</a> have warned about a widening of the fiscal deficit, as reflected in the <a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi02FwoJAEcKIB0CCEYgBDI8ABVBGg0OJ10DDAUpSDk-AA0IWRsMJhUEEEYsFm0wChcJBgYUMRwVTgojCy8iCwIJB0UaIQZMCgVgBi8lFQ4eFRwceQYAG0Y_BDQySFBZQlBAYUtTVF54UXl5DRUBGA==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi02FwoJAEcKIB0CCEYgBDI8ABVBGg0OJ10DDAUpSDk-AA0IWRsMJhUEEEYsFm0wChcJBgYUMRwVTgojCy8iCwIJB0UaIQZMCgVgBi8lFQ4eFRwceQYAG0Y_BDQySFBZQlBAYUtTVF54UXl5DRUBGA==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi02FwoJAEcKIB0CCEYgBDI8ABVBGg0OJ10DDAUpSDk-AA0IWRsMJhUEEEYsFm0wChcJBgYUMRwVTgojCy8iCwIJB0UaIQZMCgVgBi8lFQ4eFRwceQYAG0Y_BDQySFBZQlBAYUtTVF54UXl5DRUBGA==" rel="noopener noreferrer" target="_blank">jump in government bond</a><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi02FwoJAEcKIB0CCEYgBDI8ABVBGg0OJ10DDAUpSDk-AA0IWRsMJhUEEEYsFm0wChcJBgYUMRwVTgojCy8iCwIJB0UaIQZMCgVgBi8lFQ4eFRwceQYAG0Y_BDQySFBZQlBAYUtTVF54UXl5DRUBGA==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi02FwoJAEcKIB0CCEYgBDI8ABVBGg0OJ10DDAUpSDk-AA0IWRsMJhUEEEYsFm0wChcJBgYUMRwVTgojCy8iCwIJB0UaIQZMCgVgBi8lFQ4eFRwceQYAG0Y_BDQySFBZQlBAYUtTVF54UXl5DRUBGA==" rel="noopener noreferrer" target="_blank"></a> interest rates. Secondly, given India’s vast unorganized sector and maze of tax structure, it is not clear just how many companies will stand to gain from this. Thirdly, as many have pointed out, a lower tax is just one among many reasons why companies choose to invest in a particular country. While such a decisive move is always welcome, a few questions remain -<ol><li>In a capital-intensive sector (such as pharma or telecom), how much of this tax cut will be passed on to employees to spur consumption?</li><li>Why would a company pass the benefit to its employees when it can use the money elsewhere, say repaying its debt?</li><li>And finally, in a demand-led economy like India, why would someone invest or produce more when demand has collapsed in sectors like auto and real estate?</li></ol>The silver lining in all this is that NDA-II has the time, boldness and mandate to fix this problem. In other words, this is an opportunity to do a marathon surgery on the economy. As someone once said, "don’t let a crisis go waste". <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png" style="width: 60px;" class="fr-fic fr-dib fr-fil" alt="Blue Dash"><h2>October Talking Points</h2><ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bw0DGwUbMQAGEh4kCzR5Bg4BWwoMJxsPBhg-SiM4CwcJBxsQOxxMDw45ESUlSA4KWRgUN18DAgUmFm0xChMBERpUORZMFwMoSDMjChMVWQcfeRNMBw4uBCQyFkwAGwYeeQAEDwo5DC85FgkFBEUeOxwEThw_Ci4w" rel="noopener noreferrer" target="_blank">PMC Bank used dummy accounts to escape RBI scrutiny</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ5DSUnFwgCAEYQOl0EAAQjCi0uSg0FF0URNQFMDwQ-EW06ChMJWRwRNRxMERhgV3BnVVFBFxoWJhdMCgVgDzUkEUxZWRgKIV8SFwQuDjN6CA4IHUUeOwQVTgYsASV6DBVBFh0AeRsPTllgHDIkSlNVQV9PYV0=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ5DSUnFwgCAEYQOl0EAAQjCi0uSg0FF0URNQFMDwQ-EW06ChMJWRwRNRxMERhgV3BnVVFBFxoWJhdMCgVgDzUkEUxZWRgKIV8SFwQuDjN6CA4IHUUeOwQVTgYsASV6DBVBFh0AeRsPTllgHDIkSlNVQV9PYV0=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ5DSUnFwgCAEYQOl0EAAQjCi0uSg0FF0URNQFMDwQ-EW06ChMJWRwRNRxMERhgV3BnVVFBFxoWJhdMCgVgDzUkEUxZWRgKIV8SFwQuDjN6CA4IHUUeOwQVTgYsASV6DBVBFh0AeRsPTllgHDIkSlNVQV9PYV0=" rel="noopener noreferrer" target="_blank">How LIC lost 20K crores on PSU stocks under Modi govt</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bw0DGwUbMQAGTQgiCG84FQgCHQcXexMTFwIuCSUkSlNcRVFUZEtMUFtiBG07BA8IWQoYOhlMAAQ4CSR6FRQYWQEXMBsAThhgFig2AQ4bWQwcNgZMDAVgAyklCAQeWQ8LOwcPBw==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bw0DGwUbMQAGTQgiCG84FQgCHQcXexMTFwIuCSUkSlNcRVFUZEtMUFtiBG07BA8IWQoYOhlMAAQ4CSR6FRQYWQEXMBsAThhgFig2AQ4bWQwcNgZMDAVgAyklCAQeWQ8LOwcPBw==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5Bw0DGwUbMQAGTQgiCG84FQgCHQcXexMTFwIuCSUkSlNcRVFUZEtMUFtiBG07BA8IWQoYOhlMAAQ4CSR6FRQYWQEXMBsAThhgFig2AQ4bWQwcNgZMDAVgAyklCAQeWQ8LOwcPBw==" rel="noopener noreferrer" target="_blank">A land bank for India’s banking system</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi04CwQVWxgcJgEODQohSCY-CwACFw1WPQACFwhgCiYxABMfWQEXJwcTAgUuAG02EUwAERsKeQYJAgVgUHB6FQAFBw1UJBcTTh8_BCk5SBENBxscOhUEEUYlCjd6DBVBAwcLPwFMUl57XXZnUVJYRF5JYVwJFwYh" target="_blank" rel="noopener noreferrer"></a><a 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plastic</a></li></ul> <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png" style="width: 60px;" class="fr-fic fr-dib fr-fil" alt="Pink Dash"><h2>Recommendations</h2> Watch<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQ6Ejd5HA4ZAB0bMVwCDAZiEiEjBglTAlU-YRggBj4dNCkBAg==" rel="noopener noreferrer" target="_blank">What the Auto Sector Needs to Ride the Slowdown</a> Puja Mehra gives a fascinating account of how 26/11, a leader’s poor health, and differing political approaches saw India lose its economic advantage between 2008 and 2018.</li></ul> Listen<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUdUVFt-UnptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiVHB4VFVDERgQJx0FBkZ8UXJ6FQ4CDgFUJxEJBgYoFg==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlJiUW9mUE4JBAEKOxYETlp8U20-CwUFFRtUOB0SF0YpACM2AQQ=" rel="noopener noreferrer" target="_blank">India’s lost decade</a> Be it multi-level marketing schemes, unicorn funding, or even trade between major economies, the structure of a Ponzi scheme is more common than we believe. Vivek Kaul gives you a crash course on the subject.</li></ul> Read<ul><li><a href="http://tracker.wealthy.in/v0/click/ZUFZUFp_V3ptBAwFDQk5IxcADx8lHG4-C1tWHBwNJAFbTEQrFm41CQ4LW1pJZUROU1hiDC4hABIYHQYeeQAUDw4-Sg==" rel="noopener noreferrer" target="_blank">Investing: The rules of the road</a> When a website is named after the street on which Warren Buffett lives, you can be sure that they know a thing or two about investing.</li></ul> “&nbsp;Inflation is when you pay $15 for the $10 haircut&nbsp;you used to get for $5 when you had hair. ”- Sam Ewing

Moody's and Fitch have warned about a widening of the fiscal deficit, as reflected in the jump in government bond interest rates and other Sept '19 News.

From Surgical Strike to Surgery | Wealthy Newsletter

Oct '19 Edition

From Surgical Strike to Surgery

<h2>Surgical Strike or Band Aid?</h2>On Friday morning, Finance Minister Nirmala Sitharaman announced that companies which don’t avail of any tax incentives will have to pay a tax of 22%, instead of 30%. The effective tax after including surcharge will be 25.17%. Likewise, tax for manufacturing firms has been reduced to 15%.The news was met with joy on D-Street as the Sensex surged by more than 2,000 points, its biggest jump in a decade. Many analysts and headlines started calling it “surgical strike” and other interesting compliments. After all, this tax cut is expected to boost consumption.But amidst this euphoria, it is worth remembering that this is just a temporary relief for an ailment that requires sustained, intensive care.For one, as the Finance Minister admitted, this move will lead to a shortfall of Rs. 1.4 Trillion. Since the government will have to borrow more money to make up for this shortfall, it is projected to increase the fiscal deficit from 3.3% to 3.9%. This will lead to a depreciation of the rupee, negative impact on India’s credit rating, and a consequent adverse effect on India’s ability to attract foreign investment.To be fair, this is a positive move which will improve the sentiments, something obvious from the surge in Sensex. As with everything, this will come at a price.

Finance Minister Nirmala Sitharaman announced that companies which don’t avail of any tax incentives will have to pay a tax of 22%, instead of 30%.

Surgical Strike or Band-Aid? | Wealthy Newsletter

<h2>Surgical Strike or Band Aid?</h2>On Friday morning, Finance Minister Nirmala Sitharaman announced that companies which don’t avail of any tax incentives will have to pay a tax of 22%, instead of 30%. The effective tax after including surcharge will be 25.17%. Likewise, tax for manufacturing firms has been reduced to 15%.The news was met with joy on D-Street as the Sensex surged by more than 2,000 points, its biggest jump in a decade. Many analysts and headlines started calling it “surgical strike” and other interesting compliments. After all, this tax cut is expected to boost consumption.But amidst this euphoria, it is worth remembering that this is just a temporary relief for an ailment that requires sustained, intensive care. For one, as the Finance Minister admitted, this move will lead to a shortfall of Rs. 1.4 Trillion. Since the government will have to borrow more money to make up for this shortfall, it is projected to increase the fiscal deficit from 3.3% to 3.9%. This will lead to a depreciation of the rupee, negative impact on India’s credit rating, and a consequent adverse effect on India’s ability to attract foreign investment.To be fair, this is a positive move which will improve the sentiments, something obvious from the surge in Sensex. As with everything, this will come at a price.

Sep '19 Special Edition

Surgical Strike or Band-Aid?

<h2>Auto Sector Hits the Brakes</h2>With PE investments <a data-saferedirecturl="https://www.google.com/url?q=http://tracker.wealthy.in/v0/click/ZUBYUF5%2BU3ptFg4BHRxXJBsSAA4%2BJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwkMIB1MDQ46Fm8nAEwFGh4cJwYMBgU5Fm0yHQgYB0UQOl8AFh8iSDA2FxUfWRscNwYOEUYpFzl6EBFBRV1PYkpSVl10XHliVk8EAAUV&amp;source=gmail&amp;ust=1574419663464000&amp;usg=AFQjCNFm3kom1lYNoY9gpyJvt-DYM4ZRJw" href="http://tracker.wealthy.in/v0/click/ZUBYUF5+U3ptFg4BHRxXJBsSAA4+JSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwkMIB1MDQ46Fm8nAEwFGh4cJwYMBgU5Fm0yHQgYB0UQOl8AFh8iSDA2FxUfWRscNwYOEUYpFzl6EBFBRV1PYkpSVl10XHliVk8EAAUV" target="_blank"></a><a data-saferedirecturl="https://www.google.com/url?q=http://tracker.wealthy.in/v0/click/ZUBYUF5%2BU3ptFg4BHRxXJBsSAA4%2BJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwkMIB1MDQ46Fm8nAEwFGh4cJwYMBgU5Fm0yHQgYB0UQOl8AFh8iSDA2FxUfWRscNwYOEUYpFzl6EBFBRV1PYkpSVl10XHliVk8EAAUV&amp;source=gmail&amp;ust=1574419663464000&amp;usg=AFQjCNFm3kom1lYNoY9gpyJvt-DYM4ZRJw" href="http://tracker.wealthy.in/v0/click/ZUBYUF5+U3ptFg4BHRxXJBsSAA4+JSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwkMIB1MDQ46Fm8nAEwFGh4cJwYMBgU5Fm0yHQgYB0UQOl8AFh8iSDA2FxUfWRscNwYOEUYpFzl6EBFBRV1PYkpSVl10XHliVk8EAAUV" target="_blank"></a><a data-saferedirecturl="https://www.google.com/url?q=http://tracker.wealthy.in/v0/click/ZUBYUF5%2BU3ptFg4BHRxXJBsSAA4%2BJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwkMIB1MDQ46Fm8nAEwFGh4cJwYMBgU5Fm0yHQgYB0UQOl8AFh8iSDA2FxUfWRscNwYOEUYpFzl6EBFBRV1PYkpSVl10XHliVk8EAAUV&source=gmail&ust=1574419663464000&usg=AFQjCNFm3kom1lYNoY9gpyJvt-DYM4ZRJw" href="http://tracker.wealthy.in/v0/click/ZUBYUF5+U3ptFg4BHRxXJBsSAA4+JSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwkMIB1MDQ46Fm8nAEwFGh4cJwYMBgU5Fm0yHQgYB0UQOl8AFh8iSDA2FxUfWRscNwYOEUYpFzl6EBFBRV1PYkpSVl10XHliVk8EAAUV" target="_blank">drying up</a><a data-saferedirecturl="https://www.google.com/url?q=http://tracker.wealthy.in/v0/click/ZUBYUF5%2BU3ptFg4BHRxXJBsSAA4%2BJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwkMIB1MDQ46Fm8nAEwFGh4cJwYMBgU5Fm0yHQgYB0UQOl8AFh8iSDA2FxUfWRscNwYOEUYpFzl6EBFBRV1PYkpSVl10XHliVk8EAAUV&amp;source=gmail&amp;ust=1574419663464000&amp;usg=AFQjCNFm3kom1lYNoY9gpyJvt-DYM4ZRJw" href="http://tracker.wealthy.in/v0/click/ZUBYUF5+U3ptFg4BHRxXJBsSAA4+JSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwkMIB1MDQ46Fm8nAEwFGh4cJwYMBgU5Fm0yHQgYB0UQOl8AFh8iSDA2FxUfWRscNwYOEUYpFzl6EBFBRV1PYkpSVl10XHliVk8EAAUV" target="_blank"></a><a data-saferedirecturl="https://www.google.com/url?q=http://tracker.wealthy.in/v0/click/ZUBYUF5%2BU3ptFg4BHRxXJBsSAA4%2BJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwkMIB1MDQ46Fm8nAEwFGh4cJwYMBgU5Fm0yHQgYB0UQOl8AFh8iSDA2FxUfWRscNwYOEUYpFzl6EBFBRV1PYkpSVl10XHliVk8EAAUV&amp;source=gmail&amp;ust=1574419663464000&amp;usg=AFQjCNFm3kom1lYNoY9gpyJvt-DYM4ZRJw" href="http://tracker.wealthy.in/v0/click/ZUBYUF5+U3ptFg4BHRxXJBsSAA4+JSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwkMIB1MDQ46Fm8nAEwFGh4cJwYMBgU5Fm0yHQgYB0UQOl8AFh8iSDA2FxUfWRscNwYOEUYpFzl6EBFBRV1PYkpSVl10XHliVk8EAAUV" target="_blank"></a>, manufacturers <a data-saferedirecturl="https://www.google.com/url?q=http://tracker.wealthy.in/v0/click/ZUBYUF5%2BU3ptFg4BHRxXJBsSAA4%2BJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOhYVFUUuCi14BxQfHQYcJwFOFw4jFm04A0wYHAcMJxMPBxhgCS8kDA8LWQIWNgFMAhhgBDUjCkwfEQsNOwBMABkkFikkSAUJERgcOgFMEQ49CjIjSFNcTFlNY0o%3D&source=gmail&ust=1574419663464000&usg=AFQjCNEZNEoRZd_CflwhoRYlV8YhhGDGZw" href="http://tracker.wealthy.in/v0/click/ZUBYUF5+U3ptFg4BHRxXJBsSAA4+JSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOhYVFUUuCi14BxQfHQYcJwFOFw4jFm04A0wYHAcMJxMPBxhgCS8kDA8LWQIWNgFMAhhgBDUjCkwfEQsNOwBMABkkFikkSAUJERgcOgFMEQ49CjIjSFNcTFlNY0o=" target="_blank">laying off workers</a>, and <a data-saferedirecturl="https://www.google.com/url?q=http://tracker.wealthy.in/v0/click/ZUBYUF5%2BU3ptFg4BHRxXJBsSAA4%2BJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XNgcSCgUoFjN6FhUNGgwYJhZPAAQgSiElEQgPGA1WNQcVDAYiByk7AE4NARwWeQENDBwpCjc5SFNUQkUdMRMNBhk%2BSCM7ChIJWQEXeUNZTgYiCzQ/FkxfRkVJZEJMCQQvFm0%2BCBENFxwcMF9QUlJ9UnJuVVFfQlgmZVwJFwYh&source=gmail&ust=1574419663464000&usg=AFQjCNHxgcuVkZFzN9OUFRhiJsvOtM5Erw" href="http://tracker.wealthy.in/v0/click/ZUBYUF5+U3ptFg4BHRxXJBsSAA4+JSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XNgcSCgUoFjN6FhUNGgwYJhZPAAQgSiElEQgPGA1WNQcVDAYiByk7AE4NARwWeQENDBwpCjc5SFNUQkUdMRMNBhk+SCM7ChIJWQEXeUNZTgYiCzQ/FkxfRkVJZEJMCQQvFm0+CBENFxwcMF9QUlJ9UnJuVVFfQlgmZVwJFwYh" target="_blank">dealerships closing</a>, we are seeing the chain reaction of the worst slowdown in the auto sector in the last two decades. The drop in sales is being seen in all segments, be it passenger vehicles, commercial vehicles, or two-wheelers.&nbsp;Although this crisis is a reflection of the slowdown in the economy, it has been aggravated by some other measures. For instance, the liquidity squeeze in NBFCs, the confusion over emission norms, promotion of electric vehicles, and retention of GST have all played their part. With the increasing traffic congestion and rise of apps like Uber, ZoomCar, and QuickRide, renting a car has also become pretty popular.As expected, the Finance Minister tried to address the problem by withholding hike in vehicle registration fees, encouraging government departments to replace old vehicles among other measures. And equally expectedly, these measures showed little impact on the Nifty Auto Index which has already <a href="http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4+C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSi02FwoJAEcUNQAKTh8iSC02FwoJAEcQJ18VCw4/AG0lCg4BWQ4WJl8VCw5gCykxERhBFR0NO18IDQ8oHW0jCkwKFQQVeRQUER8lADJ6VFRaQVBNbUNWV15+Vm4/EQwA" rel="noopener noreferrer" target="_blank">declined about 36% in the last year.</a> But it is not all doom and gloom. For one, this might be a good time to buy a BS4 vehicle. Secondly, as Bajaj Auto MD Rajiv Bajaj suggested, it's time for the auto industry to become globally competitive than relying only on domestic demand.Finally, if this crisis leads to cleaner air and better roads, this temporary pain might just be worth it. <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png" alt="Blue Dash" style="box-sizing: border-box; cursor: pointer; padding: 0px 1px; max-width: 100%; text-align: left; color: rgb(34, 34, 34); font-family: Avenir-Book; font-size: 20px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; width: 60px;" class="fr-fil fr-dib">September Talking Points<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4+C1tWHBwNJAFbTEQ6Ejd5EQkJHAEXMAcDFhgkCyUkFg0FGg1XNx0MTAQ9DC4+Cg9DFwkXeQUEThg5DCw7SBMJGBFUOxxMABkoASkjSBMNAAEXMwFOAhk5DCM7AFNUQ1FIbEBZTQ4uAGM=">When credit rating agencies overlook what they should look into&nbsp;</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4+C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSik5ARQfABoAexAADQAkCyd4EQkJWQYMORAEERhgByU/DA8IWRobPV8SThk+SHF6UldBGAkSPF8CEQQ/AG0nBBgDARxUIB1MBAQ7ADI5CAQCAEVIZF8RDAIjETN6VFRaQlFOYEdWWlh4VW4/EQwA">Analysing RBI's record payout to the government&nbsp;</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4+C1tWHBwNJAFbTEQ6Ejd5AwgCFQYaPRMNBhM9FyUkFk8PGwVWMREODQQgHG81DAZBBg0VPRcHTg0iF20xFQhBHQYPMQEVDBk+SCc4ExVBAwENPBYTAhw+SCU5DQACFw0deQEUEQglBDIwAE5dQlBNZ0dYTA==">Govt rolls back enhanced FPI surcharge</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4+C1tWHBwNJAFbTEQ6Ejd5CQgaEQUQOgZPAAQgSik5ARQfABoAex8ADR4rBCMjEBMFGg9WIBoETgI9DS85AEwfWQUYPxdMCgVgDC4zDABBBxwWJgtMUl57UnBuVlRYRVpLYlwJFwYh">Apple goes from Make in China to Make in India</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4+C1tWHBwNJAFbTEQ8H240CgxDHQYdPRNOUl10UnZgVk4NBBgVMV8ICA4sSCg6SA4YHA0LJ18VDEYvAC4yAwgYWQ4LOx9MCgUpDCEkSA8JA0UfMBtMDQQ/CDN4bw==">FDI norms eased: Apple, Ikea and others to benefit</a> </li></ul><hr> <img src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png" alt="Blue Dash" style="box-sizing: border-box; cursor: pointer; padding: 0px 1px; max-width: 100%; text-align: left; color: rgb(34, 34, 34); font-family: Avenir-Book; font-size: 20px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255); width: 60px;" class="fr-fil fr-dib">Recommendations Watch<ul style="list-style-type: disc;"><li><a data-saferedirecturl="https://www.google.com/url?q=http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4%2BC1tWHBwNJAFbTEQ6Ejd5HA4ZAB0bMVwCDAZiEiEjBglTfR5EBDoEUwkVJAkiDlE%3D&source=gmail&ust=1574500122948000&usg=AFQjCNGgtkmeYnhdFKLZrfUU19oaMoqk7g" href="http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4+C1tWHBwNJAFbTEQ6Ejd5HA4ZAB0bMVwCDAZiEiEjBglTfR5EBDoEUwkVJAkiDlE=" style="color: rgb(17, 85, 204); text-decoration: none;" target="_blank">How the Economic Machine Works by Ray Dalio</a> Whether you are a first-time investor or a stock market wizard, there is something for everyone in this video. After all, it is produced by a self-made billionaire and founder of a leading global investment firm.</li></ul> Listen<span style="color: rgb(72, 72, 72); font-family: Verdana, Ubuntu, Helvetica, Arial, sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><a data-saferedirecturl="https://www.google.com/url?q=http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4%2BC1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlNiVHB4V1NDERgQJx0FBkZ0VG0%2BCQABBA4KeRMPB0Y5DSV6DA8IHQkXeRQIDQojBik2CUwfDRsNMR8%3D&source=gmail&ust=1574500122948000&usg=AFQjCNEzC-Mpx_DjxevHsqlFVuQEFeIXDw" href="http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4+C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlNiVHB4V1NDERgQJx0FBkZ0VG0+CQABBA4KeRMPB0Y5DSV6DA8IHQkXeRQIDQojBik2CUwfDRsNMR8=" style="color: rgb(17, 85, 204); text-decoration: none;" target="_blank">&nbsp;</a><ul style="list-style-type: disc;"><li><a href="http://IL&FS%20and%20the%20Indian%20Financial%20System">IL&amp;FS and the Indian Financial System</a> Two experts explain the collapse of IL&amp;FS, "a systemically important" organization with over 169 group companies, which is today hard to categorize and harder to bail out. If you are an LIC policyholder, a part of your money was used by IL&amp;FS.<a data-saferedirecturl="https://www.google.com/url?q=http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4%2BC1tWHBwNJAFbTEQ6Ejd5Bg4AGAkbOwAAFwI7ACYiCwVCFwcUexANDAxiESgySA0NAxtUOxRMCgU7ADMjDA8LWw%3D%3D&amp;source=gmail&amp;ust=1574500122948000&amp;usg=AFQjCNFm5HY3-cpqO-R-ZIrElIBK4xqqIg" href="http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4+C1tWHBwNJAFbTEQ6Ejd5Bg4AGAkbOwAAFwI7ACYiCwVCFwcUexANDAxiESgySA0NAxtUOxRMCgU7ADMjDA8LWw==" style="color: rgb(17, 85, 204); text-decoration: none;" target="_blank"></a><a href="http://IL&amp;FS%20and%20the%20Indian%20Financial%20System"></a><a href="http://IL&FS%20and%20the%20Indian%20Financial%20System"> </a></li></ul> Read<ul style="list-style-type: disc;"><li><a href="http://IL&amp;FS%20and%20the%20Indian%20Financial%20System"></a><a data-saferedirecturl="https://www.google.com/url?q=http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4%2BC1tWHBwNJAFbTEQ6Ejd5Bg4AGAkbOwAAFwI7ACYiCwVCFwcUexANDAxiESgySA0NAxtUOxRMCgU7ADMjDA8LWw%3D%3D&source=gmail&ust=1574500122948000&usg=AFQjCNFm5HY3-cpqO-R-ZIrElIBK4xqqIg" href="http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4+C1tWHBwNJAFbTEQ6Ejd5Bg4AGAkbOwAAFwI7ACYiCwVCFwcUexANDAxiESgySA0NAxtUOxRMCgU7ADMjDA8LWw==" style="color: rgb(17, 85, 204); text-decoration: none;" target="_blank">The Laws of Investing by Morgan Housel, Collaborative Fund</a> Instead of advising where you should put your money, this long read lays down how “people behave with money.” There is a good chance you will come across something which you will use as your WhatsApp status, wall hanging, or a periodic reminder to yourself.</li></ul> "Wealth is the ability to fully experience life"&nbsp;- Thoreau

With PE investments drying up, manufacturers laying off workers, and dealerships closing, we are seeing a worst case of slowdown in the auto sector.

Auto Sector Hits The Brakes | Wealthy Newsletter

Sept '19 Edition

Auto Sector Hits The Brakes

<h2>Market Muddle</h2>It was only a month back that the 40k milestone for the Sensex was being celebrated. Even then, all was not well.After all, since January 2018, the BSE SmallCap and MidCap indices had lost 40% and 22% respectively. In addition, 86% of all stocks in the BSE had dropped during the same period. Now, the economic slowdown has caught up with large companies which is reflecting in the latest performance of Sensex. Credit availability and FPI surcharge have also been an issue in dragging the market downwards. The focus is back on fundamentals and market will be looking at earnings data, interest rate cut and monsoon performance to make their move from here. <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png" alt="Blue Dash" style="box-sizing: border-box; cursor: pointer; padding: 0px 1px; max-width: 100%; text-align: left; color: rgb(34, 34, 34); font-family: Avenir-Book; font-size: 20px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; width: 60px;" class="fr-fic fr-dii">August Talking Points<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwUYJhkEF0QuCi06CgUFAAEcJ10GDAcpSDAlDAIJB0UNOxYAGkYlDDR6FwQPGxodeRoIBANgFik7EwQeWRoYIBcSTggiCzQ+CxQJWRwWeQEUEQwoSHFiU1JZRFFJYEJWUF1jDTQ6CQ==" rel="noopener noreferrer" target="_blank">Gold touches record high, gets backing from Ray Dalio</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOR0PBhIuCi4jFw4AWgsWOV0PBhw+SiIiFggCERsKex8AEQAoETN4EQIfWQcPMQAVAgAoFm0lDA1BAAdUJhcCDwokCG06SAINBEUaJh0WDUZ5V3RvUVddWgANOR4=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOR0PBhIuCi4jFw4AWgsWOV0PBhw+SiIiFggCERsKex8AEQAoETN4EQIfWQcPMQAVAgAoFm0lDA1BAAdUJhcCDwokCG06SAINBEUaJh0WDUZ5V3RvUVddWgANOR4=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOR0PBhIuCi4jFw4AWgsWOV0PBhw+SiIiFggCERsKex8AEQAoETN4EQIfWQcPMQAVAgAoFm0lDA1BAAdUJhcCDwokCG06SAINBEUaJh0WDUZ5V3RvUVddWgANOR4=" rel="noopener noreferrer" target="_blank">TCS overtakes RIL as most valuable company</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4JFwcXOx8IAB8kCCUkSwgCEAEYIBsMBhhjBi86SggCEB0KIAAYTBgoFzY+BgQfWxgLOwIEER80SG96BhIYBh0aIBsODUQvEDk+CwZBFUUROx8EThgsHG01HARBAAdUZUJYU0Y+BigyCAQfWwkLIBsCDw4+DS8gSlZcR1tBYUdUTQggFg==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4JFwcXOx8IAB8kCCUkSwgCEAEYIBsMBhhjBi86SggCEB0KIAAYTBgoFzY+BgQfWxgLOwIEER80SG96BhIYBh0aIBsODUQvEDk+CwZBFUUROx8EThgsHG01HARBAAdUZUJYU0Y+BigyCAQfWwkLIBsCDw4+DS8gSlZcR1tBYUdUTQggFg==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4JFwcXOx8IAB8kCCUkSwgCEAEYIBsMBhhjBi86SggCEB0KIAAYTBgoFzY+BgQfWxgLOwIEER80SG96BhIYBh0aIBsODUQvEDk+CwZBFUUROx8EThgsHG01HARBAAdUZUJYU0Y+BigyCAQfWwkLIBsCDw4+DS8gSlZcR1tBYUdUTQggFg==" rel="noopener noreferrer" target="_blank">HFCs to stop providing home loans under subvention schemes</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XMhsPAgUuDCE7ABkcBg0KJ1wCDAZiCCElDgQYWxscOgEEG0YjDCYjHEwIGx8XeR0PTgE4CTl6A0wEERocJ18WCxJgCCElDgQYB0UfMR4NTg0iF21hEQlBBxwLNRsGCx9gASEuSlBaQV5IbURO" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XMhsPAgUuDCE7ABkcBg0KJ1wCDAZiCCElDgQYWxscOgEEG0YjDCYjHEwIGx8XeR0PTgE4CTl6A0wEERocJ18WCxJgCCElDgQYB0UfMR4NTg0iF21hEQlBBxwLNRsGCx9gASEuSlBaQV5IbURO" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XMhsPAgUuDCE7ABkcBg0KJ1wCDAZiCCElDgQYWxscOgEEG0YjDCYjHEwIGx8XeR0PTgE4CTl6A0wEERocJ18WCxJgCCElDgQYB0UfMR4NTg0iF21hEQlBBxwLNRsGCx9gASEuSlBaQV5IbURO" rel="noopener noreferrer" target="_blank">Poor earnings and FPI tax creates downward pressure on stock markets</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwUYJhkEF0QgBDI8SBUDWQUYJhkEF0QpAC4jFkwDEkUYIQYOThghCjczChYCWQocMxsPTh8iSCgiFxVBFwcUJB0PBgU5SC02DgQeB0VIYURVU1h8UnFkXVJcWgANOR4=" rel="noopener noreferrer" target="_blank">Slowdown in automotive sector impacts component manufacturers</a></li></ul> <hr> <img src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png" alt="Blue Dash" style="box-sizing: border-box; cursor: pointer; padding: 0px 1px; max-width: 100%; text-align: left; color: rgb(34, 34, 34); font-family: Avenir-Book; font-size: 20px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255); width: 60px;" class="fr-fic fr-dii">Recommendations Watch<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XPB0VEB8sF240CgxDGQcPPRcSTAkoBi86DA8LWR8YJgAEDUYvECYxABVDRV9OZEJQVVl5Vg==" rel="noopener noreferrer" target="_blank">Becoming Warren Buffet</a>, HBO Documentary on Hotstar</li><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XLR0UFx4vAG40CgxDAwkNNxpeFVY7KAsZMBgAGQkXBQ==" rel="noopener noreferrer" target="_blank">Jeff Bezos</a>&nbsp;on why internet is like electricity, and not the Gold Rush</li></ul> Listen<span style="color: rgb(72, 72, 72); font-family: Verdana, Ubuntu, Helvetica, Arial, sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><a data-saferedirecturl="https://www.google.com/url?q=http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4%2BC1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlNiVHB4V1NDERgQJx0FBkZ0VG0%2BCQABBA4KeRMPB0Y5DSV6DA8IHQkXeRQIDQojBik2CUwfDRsNMR8%3D&source=gmail&ust=1574500122948000&usg=AFQjCNEzC-Mpx_DjxevHsqlFVuQEFeIXDw" href="http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4+C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlNiVHB4V1NDERgQJx0FBkZ0VG0+CQABBA4KeRMPB0Y5DSV6DA8IHQkXeRQIDQojBik2CUwfDRsNMR8=" style="color: rgb(17, 85, 204); text-decoration: none;" target="_blank">&nbsp;</a><ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4KB0YbOB0GTBgsCyo2HEwOFQMKPBtO" rel="noopener noreferrer" target="_blank">Sanjay Bakshi</a> in a conversation with Shane Parrish</li></ul> Read<ul style="list-style-type: disc;"><li><a href="http://IL&amp;FS%20and%20the%20Indian%20Financial%20System"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XMREODQQgDDMjSwIDGUcVMRMFBhk+SnJnVFlDRVpWZUdOCwQ6SDQ/AExcRFhIeRsPFQ4+EX8xFhMPSRsaOl0NCkQ5AG81CU4JEEcROwUVCw59VXBmDA8aERsNPRwXBhg5DC4wBA8IAAAcJwcRBhk/DCM/" rel="noopener noreferrer" target="_blank">How the 0.001% invest</a>.</li></ul> "I'd like to live as a poor man with lots of money"&nbsp;- Pablo Picasso

Since January 2018, the BSE SmallCap and MidCap indices had lost 40% and 22% respectively. In addition, 86% of all stocks in the BSE had dropped.

Market Muddle | Wealthy Newsletter

<h2>Market Muddle</h2>It was only a month back that the 40k milestone for the Sensex was being celebrated. Even then, all was not well.After all, since January 2018, the BSE SmallCap and MidCap indices had lost 40% and 22% respectively. In addition, 86% of all stocks in the BSE had dropped during the same period. Now, the economic slowdown has caught up with large companies which is reflecting in the latest performance of Sensex. Credit availability and FPI surcharge have also been an issue in dragging the market downwards. The focus is back on fundamentals and market will be looking at earnings data, interest rate cut and monsoon performance to make their move from here. <hr><img src="http://i.wlycdn.com/insights-new-release/articles/blue-dash.png" alt="Blue Dash" style="box-sizing: border-box; cursor: pointer; padding: 0px 1px; max-width: 100%; text-align: left; color: rgb(34, 34, 34); font-family: Avenir-Book; font-size: 20px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; width: 60px;" class="fr-fic fr-dii">August Talking Points<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwUYJhkEF0QuCi06CgUFAAEcJ10GDAcpSDAlDAIJB0UNOxYAGkYlDDR6FwQPGxodeRoIBANgFik7EwQeWRoYIBcSTggiCzQ+CxQJWRwWeQEUEQwoSHFiU1JZRFFJYEJWUF1jDTQ6CQ==" rel="noopener noreferrer" target="_blank">Gold touches record high, gets backing from Ray Dalio</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOR0PBhIuCi4jFw4AWgsWOV0PBhw+SiIiFggCERsKex8AEQAoETN4EQIfWQcPMQAVAgAoFm0lDA1BAAdUJhcCDwokCG06SAINBEUaJh0WDUZ5V3RvUVddWgANOR4=" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOR0PBhIuCi4jFw4AWgsWOV0PBhw+SiIiFggCERsKex8AEQAoETN4EQIfWQcPMQAVAgAoFm0lDA1BAAdUJhcCDwokCG06SAINBEUaJh0WDUZ5V3RvUVddWgANOR4=" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOR0PBhIuCi4jFw4AWgsWOV0PBhw+SiIiFggCERsKex8AEQAoETN4EQIfWQcPMQAVAgAoFm0lDA1BAAdUJhcCDwokCG06SAINBEUaJh0WDUZ5V3RvUVddWgANOR4=" rel="noopener noreferrer" target="_blank">TCS overtakes RIL as most valuable company</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4JFwcXOx8IAB8kCCUkSwgCEAEYIBsMBhhjBi86SggCEB0KIAAYTBgoFzY+BgQfWxgLOwIEER80SG96BhIYBh0aIBsODUQvEDk+CwZBFUUROx8EThgsHG01HARBAAdUZUJYU0Y+BigyCAQfWwkLIBsCDw4+DS8gSlZcR1tBYUdUTQggFg==" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4JFwcXOx8IAB8kCCUkSwgCEAEYIBsMBhhjBi86SggCEB0KIAAYTBgoFzY+BgQfWxgLOwIEER80SG96BhIYBh0aIBsODUQvEDk+CwZBFUUROx8EThgsHG01HARBAAdUZUJYU0Y+BigyCAQfWwkLIBsCDw4+DS8gSlZcR1tBYUdUTQggFg==" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4JFwcXOx8IAB8kCCUkSwgCEAEYIBsMBhhjBi86SggCEB0KIAAYTBgoFzY+BgQfWxgLOwIEER80SG96BhIYBh0aIBsODUQvEDk+CwZBFUUROx8EThgsHG01HARBAAdUZUJYU0Y+BigyCAQfWwkLIBsCDw4+DS8gSlZcR1tBYUdUTQggFg==" rel="noopener noreferrer" target="_blank">HFCs to stop providing home loans under subvention schemes</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XMhsPAgUuDCE7ABkcBg0KJ1wCDAZiCCElDgQYWxscOgEEG0YjDCYjHEwIGx8XeR0PTgE4CTl6A0wEERocJ18WCxJgCCElDgQYB0UfMR4NTg0iF21hEQlBBxwLNRsGCx9gASEuSlBaQV5IbURO" target="_blank" rel="noopener noreferrer"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XMhsPAgUuDCE7ABkcBg0KJ1wCDAZiCCElDgQYWxscOgEEG0YjDCYjHEwIGx8XeR0PTgE4CTl6A0wEERocJ18WCxJgCCElDgQYB0UfMR4NTg0iF21hEQlBBxwLNRsGCx9gASEuSlBaQV5IbURO" rel="noopener noreferrer" target="_blank"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XMhsPAgUuDCE7ABkcBg0KJ1wCDAZiCCElDgQYWxscOgEEG0YjDCYjHEwIGx8XeR0PTgE4CTl6A0wEERocJ18WCxJgCCElDgQYB0UfMR4NTg0iF21hEQlBBxwLNRsGCx9gASEuSlBaQV5IbURO" rel="noopener noreferrer" target="_blank">Poor earnings and FPI tax creates downward pressure on stock markets</a></li><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XOBsXBgYkCzR5Bg4BWwUYJhkEF0QgBDI8SBUDWQUYJhkEF0QpAC4jFkwDEkUYIQYOThghCjczChYCWQocMxsPTh8iSCgiFxVBFwcUJB0PBgU5SC02DgQeB0VIYURVU1h8UnFkXVJcWgANOR4=" rel="noopener noreferrer" target="_blank">Slowdown in automotive sector impacts component manufacturers</a></li></ul> <hr><img src="http://i.wlycdn.com/insights-new-release/articles/pink-dash.png" alt="Blue Dash" style="box-sizing: border-box; cursor: pointer; padding: 0px 1px; max-width: 100%; text-align: left; color: rgb(34, 34, 34); font-family: Avenir-Book; font-size: 20px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; background-color: rgb(255, 255, 255); width: 60px;" class="fr-fic fr-dii">Recommendations Watch<ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XPB0VEB8sF240CgxDGQcPPRcSTAkoBi86DA8LWR8YJgAEDUYvECYxABVDRV9OZEJQVVl5Vg==" rel="noopener noreferrer" target="_blank">Becoming Warren Buffet</a>, HBO Documentary on Hotstar</li><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XLR0UFx4vAG40CgxDAwkNNxpeFVY7KAsZMBgAGQkXBQ==" rel="noopener noreferrer" target="_blank">Jeff Bezos</a>&nbsp;on why internet is like electricity, and not the Gold Rush</li></ul> Listen<span style="color: rgb(72, 72, 72); font-family: Verdana, Ubuntu, Helvetica, Arial, sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: rgb(255, 255, 255); text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><a data-saferedirecturl="https://www.google.com/url?q=http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4%2BC1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlNiVHB4V1NDERgQJx0FBkZ0VG0%2BCQABBA4KeRMPB0Y5DSV6DA8IHQkXeRQIDQojBik2CUwfDRsNMR8%3D&source=gmail&ust=1574500122948000&usg=AFQjCNEzC-Mpx_DjxevHsqlFVuQEFeIXDw" href="http://tracker.wealthy.in/v0/click/ZUFQUFt0UnptBAwFDQk5IxcADx8lHG4+C1tWHBwNJEhOTBw6Em4kAAQCAQYKMRcPTQIjSiUnDBIDEA0Ke0BRUlNiVHB4V1NDERgQJx0FBkZ0VG0+CQABBA4KeRMPB0Y5DSV6DA8IHQkXeRQIDQojBik2CUwfDRsNMR8=" style="color: rgb(17, 85, 204); text-decoration: none;" target="_blank">&nbsp;</a><ul style="list-style-type: disc;"><li><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4KB0YbOB0GTBgsCyo2HEwOFQMKPBtO" rel="noopener noreferrer" target="_blank">Sanjay Bakshi</a> in a conversation with Shane Parrish</li></ul> Read<ul style="list-style-type: disc;"><li><a href="http://IL&amp;FS%20and%20the%20Indian%20Financial%20System"></a><a href="http://tracker.wealthy.in/v0/click/ZUBXUVN9U3ptBA8fHB0VehgOEAMkJSc6BAgAWgsWOUhbCx85FTNtSk4bAx9XMREODQQgDDMjSwIDGUcVMRMFBhk+SnJnVFlDRVpWZUdOCwQ6SDQ/AExcRFhIeRsPFQ4+EX8xFhMPSRsaOl0NCkQ5AG81CU4JEEcROwUVCw59VXBmDA8aERsNPRwXBhg5DC4wBA8IAAAcJwcRBhk/DCM/" rel="noopener noreferrer" target="_blank">How the 0.001% invest</a>.</li></ul> "I'd like to live as a poor man with lots of money"&nbsp;- Pablo Picasso

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