Fee-Only Blog
Featured Posts
All Posts
- All
- Audio
- Banking
- Featured
- Financial
- Governments
- Insurance
- International
- Investments
- Mutual Fund
- Personal Finance
- Press
- RIA
- Taxes
- Uncategorized
- Video
All
- All
- Audio
- Banking
- Featured
- Financial
- Governments
- Insurance
- International
- Investments
- Mutual Fund
- Personal Finance
- Press
- RIA
- Taxes
- Uncategorized
- Video
Personal Finance
Retail investors vs algorithms: Like lambs to slaughter
Read the above article in text format below: Housing societies’ gatherings in the 1980s often featured food stalls and light gambling games. One popular game was ‘Lucky 7’, played with two dice. Players bet on whether the total would be ‘below 7’, ‘above 7’, or ‘exactly 7’. A Rs 10 bet on ‘below 7’ or ‘above 7’ could win you Rs 20, while betting on ‘lucky 7’ could win you Rs 40. Most people bet randomly for fun, winning occasionally. But eventually most lost and quit. I thought I had devised a clever strategy: doubling my stake after each loss ...
October 7, 2024
Governments
IT department´s stock and flow problem
Lakhs of tax payers receive notices from the Income tax dept. regarding their expenses or investments being disproportionate to their taxable income for the same year - implying that the expenses or investments are from unaccounted sources. Most cases have simple explanations - the income was declared in a previous year or it is exempt income - facts already available in the tax dept database. Yet lakhs of tax payers have to duel with the tax authorities to prove their credentials. Most people emerge victorious after a long and arduous ordeal costing time and money. The tax department resources are ...
September 23, 2024
Financial
Usher in competition between EPF and NPS
Employees earning Rs. 15,000 pm pay "tax" @42% (the same rate as those earning more than Rs. 5 crores do). Finance minister late Arun Jaitley in his budget speech for 2015 mentioned “the situation with regard to the dormant EPF accounts and the claim ratios of ESIs is too well known to be repeated here. It has been remarked that both EPF and ESI have hostages, rather than clients. Further, the low paid worker suffers deductions greater than the better paid workers, in percentage terms.” He went on to advocate the solutions listed here. These solutions though promised a decade ...
September 9, 2024
Financial
IEPF Data – Monthly Watch
Market Value of Listed Equity Shares with IEPF – Monthly Watch The Fee Only Investment Advisers LLP team has trawled the shareholding pattern of all companies listed with BSE and NSE. It found that 1561 companies had IEPF listed as a shareholder in their shareholding pattern provided for the quarter ended June 2024. The market value of these shares were as under: Total No of Companies Total value of IEPF (Rs.Crs) (As on 30th Sep 24) 1561 84,393 The detailed list is given below:
August 26, 2024