Why We Procrastinate Investing And How to Overcome It.

We all know and struggle with procrastination, particularly starting our investing journey.

Many of us know that it’s the best way for us to achieve our financial goals, but yet we still put off making our first investment.

A major reason we put off investing is because we’re "afraid of losing money."

This is known as "loss aversion", a cognitive bias in which we tend to prefer avoiding losses, even if it will give substantial profits in the future.

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How you can overcome it?

Change your thoughts about investing from “I’m afraid of losing money” to “I will definitely make money”. 

This small shift in your mindset, can help you get over your inertia in investing.

It may have been a difficult first step to make, but once you do it, you’ll not regret starting your investing journey.

Do it now!

What Is the 50/20/30 Budget Rule?

What Is the 50/20/30 Budget Rule?

The 50/30/20 budgeting rule – also referred to as the 50/20/30 budgeting rule – divides after-tax income into three different buckets:

  • Essentials (50%)
  • Wants (30%)
  • Savings (20%)

503020 rule

Essentials: 50% of your income.

Your essential expenses are those you would almost certainly have to pay, regardless of where you lived, where you worked, or what your future plans happen to include. In general, these expenses are nearly the same for everyone and include: Housing, Food, Transportation costs and  Utility bills.

Wants: 30% of your income.

The second category, and the one that can make the most difference in your budget, is unnecessary expenses that enhance your lifestyle. Some financial experts consider this category completely discretionary, but in modern society, many of these so-called luxuries have taken on more of a mandatory status. It all depends on what you want out of life and what you are willing to sacrifice. 

The fewer costs you have in this category, the more progress you’ll make paying down debt and securing your future.

Savings: 20% of your income.

The next step is to dedicate 20% of your take-home pay toward savings. This includes savings plans, retirement accounts, debt payments and rainy-day funds


This budget rule is a simple method that can help you reach your financial goals.

Saving is difficult, and life often throws unexpected expenses at us. By following the 50-20-30 rule, individuals have a plan with how they should manage their after-tax income. 

If they find that their expenditures on wants are more than 20%, they can find ways to reduce those expenses that will help direct funds to more important areas such as emergency money and retirement.

Life should be enjoyed, and it is not recommended to live like a Spartan, but having a plan and sticking to it will allow you to cover your expenses, save for retirement, all at the same time doing the activities that make you happy. 

SGX Nifty Futures to start trading at GIFT City

 SGX Nifty Futures to start trading at GIFT City.

Nifty futures contracts on Singapore Exchange (SGX) are set to start trading at the International Financial Service Centre (IFSC) from Friday, 15th July  2022. Prime minister Narendra Modi will launch dollar-denominated Nifty futures and inaugurate the India International Bullion Exchange on Friday.


SGX Nifty will trade simultaneously in GIFT City and Singapore initially, before discontinuing in Singapore. SGX Nifty will reportedly trade at GIFT City for close to 19 hours a day.

Nifty derivatives contracts on the SGX are among the most traded ones. They are used by global investors to hedge their exposure to India. 

Prudential ICICI launches Silver ETF NFO

Prudential ICICI launches Silver ETF NFO.

After Market regulator Securities and Exchange Board of India (Sebi)'s move to allow the launch of silver exchange-traded funds (ETFs), Prudential ICICI Mutual Fund launches Silver ETF.

This Product is suitable for investors who are seeking investment returns that closely track domestic prices of Silver, subject to tracking error. This will act as diversification of investment portfolio, among other asset classes.

Silver ETF India

NFO Details: 

Issue open: Jan 5-19.

Benchmark: The Scheme shall be benchmarked against the price of Silver (based on LBMA Silver daily spot fixing price).

The minimum investment is Rs.100.

The ETF will list in NSE and BSE.

Gold ETFs offered by domestic MFs had average asset under management (AUM) of Rs 16,500 crore.

Globally, there are at least four silver ETFs with AUM of more than $1 billion. iShares Silver Trust, the world’s biggest silver ETF, has an AUM of over $12 billion.

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Industry participants believe silver ETFs have the potential to become as popular as gold ETFs given their appeal among local investors.

Several investors prefer ETFs over buying physical silver as they don’t have to worry about purity and storage, which is managed by the professional vault managers.