Wealth of Wisdom - WOW

https://srikavimoney.blogspot.com/2024/02/empowering-your-daughter-with-sukanya.html

Everything that you wanted to know about SUKANYA SAMRIDDHI YOJANA

Deduction Allowed in New Tax Regime
There are many exemptions allowed, which you can reduce your tax liability with these deductions:

Standard deductions – Rs. 75,000/- for salary/Pension.
Family Pensioners – Rs.15,000 or 1/3rd, whichever is lower.
Interest received on Post Office savings u/s 10(15)(i) the maximum amount of Rs. 3,500.
Gratuity up to Rs. 20,00,000 for private employees.
Adhoc deduction – 30% on Rent.
Interest on Home Loan – If property is rented.
Employer contribution in NPS 80CCD(2) – 14% of Basic Salary + DA
Transport Allowance for specially abled people
Deposits in Agniveer Corpus Fund u/s 80CCH(2)
Expenditure incurred for travelling to work, 80JJAA.
Depreciation u/s 32 of the IT Act except additional depreciation.
Allowance for travelling for employment.
Income from Life Insurance Policy on maturity u/s 10(10D).
Leave encashment 10(10AA) on retirement, retirement cum death benefit.
Deductions u/s 54 long-term Capital Gain on sale of a House Property and u/s 54F long-term Capital Gain on sale of any asset other than a House Property.
PPF and Sukanya Samriddhi Account Interest and maturity amount.
By planning wisely, you can lower your taxable income significantly.

Wisdom of Patanjali Yoga Sutras
Asana - Balance ⚖️

Restaurant pe restaurant. Restaurant pe restaurant
When will it stop?

With so many restaurants, people end up overeating, paying a very high markup for restaurant food, and incurring high medical costs due to overeating.

The system wants to keep you unhealthy.

Well, the solution is not to stop eating or shut down restaurants.

The solution is to consult a good dietitian and find what is best for you from a health and pleasure point of view.

You don't eat at every restaurant you see, you don't order the entire menu but use your discretion to select food for your health. The same thing applies to wealth.

Get a good dietitian for health and a good Mutual Fund Distributior or Advisor for wealth.

STOP SIPs!

SELL EQUITY!

INVEST IN GOLD!

Dear Investors,

It’s time to act! Stop your SIPs immediately. Redeem all your equity holdings. Put everything in gold or FDs.

Why?

Because FIIs are selling, and retail investors like you are being told you’ll be the “suckers” left holding the bag.

And you know what?

I want to be that sucker. I want to be the dump yard for FIIs. I want to give them their golden exit.

Some experts say you should buy US stocks instead. I fully support that—just make sure you first dump Indian equities before doing so.

As for me, I believe in long-term investing. I want to keep buying more units for the same amount. I prefer my money to be caged, compounding quietly in Indian businesses while others chase the next big panic trade.

Yes, I am an MFD.

Yes, I make money when investors stay invested. But I have no problem losing revenue if it means sticking to what actually works in wealth creation.

So, go ahead. Follow the noise.

Panic-sell.

I’ll be waiting to buy.

Simple example of why FIIs are exiting currently

If you are sad about the market crash, it means you have not understood these 5 things:

1. You have not done the right asset allocation.
2. You don’t have a trusted financial advisor.
3. You don’t know or have forgotten the history of the market.
4. Volatility is the nature of the market, accept it happily! – Stop worrying about every fall, otherwise you are going into the ocean and are afraid of the waves!
5. What are you doing by watching quotes every hour on TV and apps? – Are you increasing anxiety or investing? By doing this, your senses work, not the mind.

If you keep these 5 things in mind, then you don't need to be afraid. This fall is auspicious for you, know how and why? Do research, talk to your advisor!

Stay calm, be patient, and continue moving your investments in the right direction while understanding the uncertainty of the market.

#investing

"Tax-saving season is back! 📅
Don't rush into decisions. Take a strategic, long-term approach.
Think about your financial goals, risk comfort, and investment timeframe before picking any option. 📈💼" #dontretirerich

Wisdom of Patanjali Yoga Sutras - Self Study

Photo from Srikanth Matrubai

https://www.linkedin.com/posts/srikanth-matrubai-93b28014_a-spy-came-running-to-lakhan-sens-court-activity-7297182076817063936-S0Sa?utm_source=share&utm_medium=member_android&rcm=ACoAAALjJT8Bm-qQTMD1dI2o3MMdPfHnENBLiSM

Zero Tax on Business Turnover up to ₹2 Crore! Under the new tax slab 🚀

📌 Presumptive Taxation (Sec 44AD): Businesses with digital transactions & turnover up to ₹2 Cr pay zero income tax.

💼 Who Benefits? Small businesses & MSMEs opting for digital payments.

💰 How? Profits assumed at 6% of turnover (instead of 8% for cash transactions), reducing taxable income.

✅ No Need for Audit: Simplifies tax filing & compliance.

📈 Boost to Digital Economy: Encourages cashless transactions & business growth.

RC (Ramdom Caller): Sir, i invested in some scheme three months back.

VK : OK

RC: My account shows Rs. 25 Lakhs has now become Rs. 90 Lakhs in Three months.

VK: Congratulations!

RC: I have a problem... I took loan and invested, now to withdraw they are asking me to deposit Rs. 5 Lakhs as service fee.

RC: What should i do?

VK: How you know me?

RC: I called u few months back to invest, but since you didnt commit returns i went there.

VK: Thats what... people don't trust someone who is in the industry past 2+ decades but go with random fake promises.

RC: Sir what should i do? Should i pay Rs. 5 Lakhs?

VK: If you don't pay you will lose Rs. 25 Lakhs Capital (forget profit) and if you pay Rs. 5 Lakhs then you will lose total Rs. 30 Lakhs!

End of Real Story!

*Share the post, you never know how many people may get saved!

Courtesy : Whatsapp

A spy came running to Lakhan Sen’s court, the then ruler of Nadia and shared the news of Ikhtiyār al-Dīn Muḥammad Bakhtiyār Khaljī coming to attack the fort with 10,000 horsemen. Sen fled immediately. Later at his wit’s end, he found out that Khilji had only arrived with 12 men and the dust storm created by the horses’ hoofs 🐎 was narrated out of proportion. The fear and speculations costed a dynasty! 🚫

Whenever markets swing with a negative sway, narrations and calculated speculations fly across segments. Strategies to time the market, stop and re-start SIPs and N number of suggestions are put on the tables.

Take a moment.
Go back to the basic strategies, focus on the goals and sit across your financial advisor.

Decisions taken in haste are seldom the best.

Photo from Srikanth Matrubai

Note for DIY investors!

Many DIY investors often overestimate their ability to manage their finances after consuming a few articles, podcasts, or videos.

While financial literacy is essential, the reality of managing money effectively involves much more than surface-level knowledge.

Here’s the insinuation :

1.⁠ ⁠Knowledge ≠ Experience:

Understanding investment theories is different from applying them in real market conditions.

Experience in handling volatility, behavioral biases, and economic cycles is crucial.

2.⁠ ⁠Time and Effort:

Managing money requires consistent effort—monitoring investments, rebalancing, staying updated with market changes, and ensuring financial goals remain on track.

Most DIY investors underestimate the time commitment.

3.⁠ ⁠Behavioral Biases:

*DIY investors often fall prey to emotional decision-making—panic selling in downturns, chasing returns during rallies, or timing the market—all of which harm long-term outcomes.*

4.⁠ ⁠Holistic Planning:

True financial management isn’t just about investments. It involves tax optimization, estate planning, insurance, risk management, and aligning your money with life goals—a much broader approach than DIY often covers.

5.⁠ ⁠Cost of Mistakes:

The mistakes made by DIY investors (e.g., improper diversification, overlooking risks, or missing asset allocation) can be far costlier than the fees paid to a professional advisor.

While self-education is commendable, recognizing when to seek expert advice can be the difference between wealth creation and missed opportunities.

A good financial advisor brings structure, accountability, and a roadmap tailored to individual needs, something DIY approaches often lack.

Last but not the least :

The map is not the terrain. It is a useful model. But it is an abstraction, not reality.
And forgetting that can lead to surprise when you actually set foot in the terrain.

https://jpkoning.blogspot.com/2025/02/the-end-of-el-salvadors-bitcoin.html?m=1