<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 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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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