The Intellectual Odyssey: Navigating Your Enlightened Future

  What Is a PPF Account. The Public Provident Fund (PPF) is a long-term government savings scheme in India that provides tax-free returns and wealth accumulation over a long term. PPF account holders can also avail tax benefits as per Section 80C of the Income Tax Act, 1961. PPF account or Public Provident Fund scheme is one of the most popular long-term saving and investment options, especially because of the combination of security, return and tax benefits. The PPF was first opened to the general public in 1968 by the National Savings Institute of the Finance Ministry. Since then, it has emerged as one of the strongest pillars for building wealth over a long term for investors. With a PPF account, investors can build a retirement corpus by investing a certain amount of money regularly over long periods of time (PPF has a lock-in period of 15 years, with an option to further extend). Because of its attractive interest rates and tax advantages, the PPF is continued to be a favorite...

               Charlie Munger  was brutally honest when it comes to money. Berkshire Hathaway’s legendary vice chairman famously said back in the 1990s at a shareholder meeting, " The first $100,000 is a b*tch, but you got to do it. I don’t care what you have to do—if it means walking everywhere and not eating anything that wasn’t purchased with a coupon, find a way to get your hands on $100,000. After that, you can ease off the gas a little bit". Munger is trying to illustrate how difficult having your first $100,000 is, which is a crucial milestone for wealth-building. Reaching this point comes with sacrifices,  predominantly living below your means . At this level, the individual begins to take advantage of the compounding effect and everything becomes easier. He encapsulates the idea that  the hardest part is getting started , but once you’ve accumulated a solid Foundation, wealth-building becomes easier, and you can s...

  There is a famous quote that floats in internet. "Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it."  -Albert Einstein   We are not going to investigate whether it is really said by einstein or not, rather we are going to investigate how true the sayings are.   Compound interest is the interest calculated on both the principal and the accumulated interest from previous periods. In simpler terms, it’s "interest on interest," .   This is the formula for calculating compound interest Let’s see a real-world example why it is called as eight wonder. Check this figure. Sarah has started to invest in compound interest scheme at the age of 20, she invested 1 lakh every year until her 25 th age then she stopped. When she turns 34, her current amount is 1583772 (15  lakhs 83 thousand 7 hundred and 72)   . Her overall invested amount is 6 lakhs and the interest gained is 983772 ( 9 lakhs 83...

  Just assume, our current civilization is wiped out completely. I am going to take you to 99 th  century. we have two anthropologists, one is senior, and another is junior (newly joined) they are trying to build a theory on a part of newly excavated 21 st  century shopping mall. the shopping mall is three story building. The first thing they noticed was an escalator. The junior  - it looks like a mechanical device which 21 st  century humans used to move from one floor to another. This building looks like a consumeristic hot spot The senior  – our ancestors are no fools. The arrangement is the metaphorical representation. The three floors represent, three stages to reach god. The first represent the self realization (awakening), the second represent the detachment and  the third floor represent the enlightenment.        This is a temple where rituals are done. Then they saw a Starbucks coffee shop. The junior  – I sent the tra...

       T oday let’s see how to protect our capital and improve our risk taking ability. In my last blog https://psychesymphony.blogspot.com/2025/02/dont-put-all-your-eggs-in-one-basket.html we have seen the important of asset allocation and why not to put all your eggs in one basket. to continue that. After allocating 60 % of land of plant A and 40 % land of plant B, the job doesn’t end there. One should monitor it and take care of it. sometimes plant A in the farm will outgrow and occupy most of the land. In such cases one should remove or crop the plant A to maintain perfect balance in the farm. the same applies to the portfolio. After allocating 60 % for equity and 40 % for fixed income /bonds the job does not ends there. We should monitor our portfolio in quarterly, half yearly or annual basis.  If any asset class had grown beyond or expanded significantly big, We should make sure that our asset allocation is maintained. this can bring perfect balance. the...