But even among the very rich there is always the lingering doubt if the money they have is sufficient. What is sufficient? What is being rich? What does it take to call yourself ultra-wealthy?
A quick look at the returns of BSE’s sectoral and thematic indices shows that the sectors which have done well in the period between 2014 and now do not include sectors like capital goods, manufacturing, infrastructure, realty, power, and PSUs where most of the policy action has happened. In fact, these are some of the worst performing sectors.
ELSS is one of the most popular instruments for saving on taxes. With its impeccable track record of beating inflation hands down to its lesser lock-in period (of three years), ELSS as a savings instrument has scored over PPF, Bank fixed deposits and other tax-saving instruments. However, investors need to guard themselves against some common mistakes committed while investing into ELSS.
Being lucky, seems totally illogical and unscientific and as a result the human mind rejects the possibility of developing the art of being lucky. On the other hand, Dr Richard Wiseman did a detailed study on the psychological difference between lucky and unlucky people and wrote about it in his book “The Luck Factor”.