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Like me and other common men and women, you would be interested most in tax related announcements. Whether you will be able to save more taxes this year? Will you get more deductions for your home loan repayments? Or will there be no change at all?
But think of it….we focus so much on saving taxes….and so little on correcting our money related common sense.
– We buy insurances to save tax!! And to top it all, we call these insurances as ‘Investments‘ under some section 80C. Ridiculous!!
– We want to Invest for few months. But we Save for years. Ridiculous again!! (Why?)
– Everybody wants to know the name of that next multibagger stock. But nobody is ready to put in the effort to find it. Its just like saying that everybody wants to go to heaven, but nobody wants to die. Ridiculous!!
– We want to double our money overnight. And that does not happen. But we will not understand this simple fact, unless we burn some of our hard earned money. Ridiculous!!
– Currently, Indian markets are trading at almost 24X multiples (Proof in image below). But people are buying stocks like all of them are value investors. Ridiculous!! (Why?)
|Nifty P/E Ratio (16-Feb-2015 to 20-Feb-2015) – Source: NSE Website|
– I have this strange feeling that number of people calling themselves as Value Investors increases during Bull markets. But theoretically, this number should be more in Bear Markets. But surprisingly, its more in Bull Markets. Ridiculous!!
– Everybody believed that new government had a magic wand and it will change everything in a flash. But its almost a year, and frankly speaking nothing much except talks (some are calling it false hopes) have been delivered. But markets are still making new highs every few days. Ridiculous again!!
Apologize my rants 🙂