The financial lens

paper money is going away.   Today,  bitcoin  is one of the most trending topics on search engines and social media, as investors attempt to keep up with its often dizzying see-sawing in the price – with the coin surging to nearly  ₹30 lakh.   The question arises why do we need a different currency when we have fiat money that is a promise by the Central bank of a country i.e., RBI in India case?  There are certain challenges that are visible in how  fiat  money works.  Firstly , it is centralized and that means you don't have the control or you don't have the control over what the bank is doing with your money. All that you know is that you have the money but how is that money being used you don't have that control because that is a right of your bank, and not yours.  Secondly,  if the government  wants to demonetize this money at some point, they...

Wall Street loves to use confusing terms to make you think only they can do what they do. Or even better, for you just to leave them the fuck  alone, thanks  to The Big short movie for this fuckin dialogue.   Overtime we have seen an increase in so many assets where money can be parked namely stocks, Mutual Funds, Precious Metals, Bank FD, Real Estate, Bonds, Moneyback Insurance etc.   1. Equity (Stocks) – Large cap, Mid cap, Small cap, Futures & Options   2. Mutual Funds (SIP, Lumpsum) – Equity, Debt, Balanced funds, ELSS   3. Bonds – Corporate Bonds, Government Bonds   4. Section 80C Investments – Equity Linked Savings Scheme, Public Provident Fund,          National Saving Certificate, EPF, NPS, SSY etc.   5.Insurance Policies – Endowment, Whole Life, Health cover, Term plan.   6. Deposits – Savings account, FD, RD   This thing gets More confusing when y ou  account for time horizon, Tax advantage ...