People are constantly searching for the best ways to manage their finances. Though there are several academic studies on the subject, recommending right strategies for people, our discussion with people suggest that people successful at this have arrived at their own ‘Practical Financial Wisdom’ in managing their finances.

Immediately after I introduce myself as a finance or investment professional, the first question I get asked is “How’s the market doing? Is it a good time to invest?” This is usually followed by “So which are the stocks/ sectors do you think will do well this year?”