Why only entertainment?

One thing that struck me when I did the calculation of my expenses is that it is bit of in a wrong direction. I could see the expenses rising up and up. But it's not the issue. Its the place where I'm spending. Literally no penny for education and majority for entertainment. The excuses while spending money on learning has been never visible while spending on entertainment. Even half of ir changes a lot.

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Investing with index

Expecting return a way more than the index average can be of greed influence. Index do gives a handsome return that sometimes even surpasses majority of the stock performance. But it is also true that index may stands still for some years. Yet in the very long it is way better than FDs.

Private blockchain

The ledger in blockchain need not necessarily backed by a currency. For a system that need large amount of nodes, like in case of public permissioned blockchain, it is essential to give an incentive either in form of reduction in transaction fee or some currencies. This is a high incentive for those who works with high computational powers. They would demand this. But in case of private blockchain there is no need of providing a currency in the form of incentives. Private blockchains are used when the peer nods comes to know each at least half of them. They form a network of peer group and validate the transactions. Since private blockchain entitles the identity of each nodes, it is impossible to get a lot of people through. So these private blockchain lacks popularity and hence there is no coin. But this is extremely helpful in large corporations to store and validate data. They can create a supply chain where everything could be traceable form the very beginning. It involves no s...

Upskilling

Upskilling is a relevant thing when it comes to career upgradation. Skill which is time based will yield benefits that are far greater than the efforts put in.

Focus on one thing

Concentrating on one field gives us a tremendous edge than giving a shallow focus on various different things. The difference here is that we get a lot of information from one sector which enables us to master the field.

Decision

Taking decision in anything is important part of progress. By becoming a well knowledgeable person, we can make better decisions.

Diversify

Diversifying your portfolio is the best way to sustain in the market. When one goes down, other tops. But make sure that everything you invested was invested based on your knowledge.

Growth is needed

It makes sense to quit a profession when it fails to give any intellectual or monetary growth. The reason I point these two parameters is that with these others will follow automatically.

Pattern

Patterns are a reflection of behaviour. We can predict the behaviour to a most probable extent by simply analysing the pattern an make better decisions.

Dips in investment

Market always makes some corrections during its journey. For a short term investor, it is the stage where he books profits. And many times they misplace their trade loosing money. But for an investor with long term view, it is just a other minor dip that is to be ignored. Dip are obvious and it happens to everything in progress. It is a universal law that states anything going forward must go through dips. Or we fan see dips as a form of test. For every improvement we make, we must test it whether we are really improves or not. Dips makes us go through it. In investing it is a mental test. Patience is a prime factor for a good investment. While in a dip, when we see other prices moving high making frequent all time highs, we tend to withdraw our price and veer it to other one. In this test we failed to sustain the promise. So dip is a very good thing which makes us to learn things faster and better.

Insanely Practical

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