Every week I try to share the top 5 things I read and want you to read them too. You can take a look at the past weekly digests.
1. Do you suffer from Learned Helplessness? The post talks about:
The Misconception: If you are in a bad situation, you will do whatever you can do to escape it.
The Truth: If you feel like you aren’t in control of your destiny, you will give up and accept whatever situation you are in.
2. Deepak Shenoy writes a post on the choice between ULIPs and Mutual Funds. Deepak has a lucid way of explaining fiancial jargons.
3. How to take control of your finances in 2011. JDR says that taking control of your finances can be intimidating — there’s so much to do! — but it doesn’t have to be that way. One effective solution is to take a vacation day from work: designate one specific date as your personal “Money Day”.
4. OneMint has a detailed post on ELSS Mutual Funds. Have you done your tax planning yet? It would be useful if you are still in the tax planning mode.
5. Hindu Business Line has a post on Diversification as a placebo. B Venkatesh says,
Suppose you have 15 stocks in your portfolio. Assume the market crashes and eight stocks in your portfolio fall 20 per cent and the rest fall by less than 10 per cent. You take relief from the fact that you did not lose 20 per cent in the other seven stocks as well! Diversification is the sugar pill that helps us typically drive away our investment blues!
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Thanks for the mention – much appreciated.