One Important Aspect of Budget which No Expert is talking about. Must read and Understand

3^rd February 2020

One Important Aspect of Budget which No Expert is talking about. Must read and Understand

Greetings from Hitesh! The budget is over. India witnessed a surge in a lot of Short-Term Economists in the last two days. I think this trend will continue for a week or so before these guys get over with their analytical stimulus. I was patiently reading all the experts and their opinions. Most guys have condemned the budget in the last two days and they are right as the market had also seen selling on Saturday.

I want to deal with one of the most important aspects of the Budget which NO-EXPERTS are talking about. I suggest you read and understand the same. But before I deal with them – let me share what happened on SATURDAY in the market.

Nifty Fell by 300 odd points: -

On Friday FII sold stocks and futures worth Rs.6000 crs and there was no severe fall on that day. But FII sold just over Rs.1000 Crs and Nifty was down by 300 points on Budget day. Out of these – 150 points selling came in the last 30 minutes only. Most stocks had delivery below 30%. I am sure SEBI and TOP guys would not have time to look into this anomaly.

Now coming back to the MOST IMPORTANT ASPECT: -

Income Tax Rates and Slabs: -

From the last 25 years I have been sharing only one thing – Be FINANCIALLY LITERATE. All my blogs are a testimony to take my readers towards that direction. Most guys having a degree, earning in 5 or 6 figures salary or income assumes they understand the FINANCE. But the FACT is 90% does not pay attention to understand the WORLD of FINANCE in a way they should understand.

What finance minister has done is to make income tax the simplest in 5 slabs. Since people have the love of old while going towards NEW – She has kept that WINDOW open for the time being. Ultimately, we will have these slabs or fewer slabs in the future. She has given the choice to the AAM ADAMI to spend his money the way he wants. The onus to invest or not to invest is with an individual now. Experts are crying foul over fewer investments in Insurance/tax saving schemes or housing loans due to this.

Normal people want SOMETHING FOR NOTHING. They want GOVERNMENT / SOCIETY / RELIGIOUS leaders to take a decision for them. I have seen the most fearful thing for a NORMAL guy is to take a DECISION about ANYTHING. His usual way of taking a decision is to find out what others are doing and just COPY-PASTE the same.

If you study the SANATAN DHARMA – VEDIC TIME – we had UPANISHADS. They are nothing but a recording of the questions and answers between Disciple and Guru. Now, if you study the questions and answers – you will find that the GURU is not giving him a categorical YES or NO or DO THIS and DO THAT. All GURU is doing is to give him the information and leave the choice of making the decision to the disciple. In fact, after having a DIALOGUE with ARJUN, Krishna in the 18^th CHAPTER of Gita – told ARJUN that he had shared with him the top-secret knowledge with him and now ARJUN has the liberty to do  “yathecchasi tatha kuru”– Do as you please.

Taking decisions at each step was TOO MUCH for NORMAL minds and they moved towards other religions. If you look at MOSES 10 COMMANDMENTS / JESUS / MOHAMMAD/ Jainism / Buddhism – they gave categorical steps what to do and what not to do. Normal minds like these as this FREES them for the RESPONSIBILITY of taking decisions. When they are not taking decisions – the onus of failure is also not on them. They want to save their EGO.

What Finance Minister has given is an opportunity to manage your FINANCE the way you like. The guy who will learn and master the finer aspects of FINANCE – will be more wealthy over a period of time.

I have told you in my past blogs – MERA DESH BADAL RAHA HEY, whether you like it or not / whether you believe or not. Finance Minister has started a major change in one go. What about you?

What INVESTORS should do?

I have given my calls of CORONAVIRUS and Market categorically in the past blogs. At the beginning of this blog also I said that POST BUDGET SELLING wat not SUPPORTED by DELIVERY and VALUE. Good companies are available at mouth-watering valuations and discounts due to Mr. MARKET’s behavior. USE it to invest and make good money in the coming time.

The DARK HORSE EVENT: -

I see a sudden FLOW of FOREIGN money coming to the INDIAN market. They will take the market up.

What NEXT?

You need to earn/learn and manage your finances with the utmost responsibility now. If you want to equip yourself with WARREN BUFFET kind of SHREWDNESS while investing – join us now.

Happy Investing.

Follow me on Twitter @hiteshmparikh / WhatsApp – +91-9869425399.

Live With Passion…Invest With Passion.

Hitesh Parikh