FINANCE

Everyone right from the top level to the layman knows the 'HYPED' word recession. But how many of us knows the meaning of it ? We have heard about stocks in our fm class and most of us would have treated it as an easy subject which can be crammed the night before the exams . We might not have cared when our parents were breaking their heads regarding how much tax they need to pay etc etc. But the time has come for us to pay taxes , get to know about all these stuff. Well they are not as confusing as they seem and may seem insignificant to us as they are all done by the payroll depts of our respective companies . But in the broader perspective its essential to understand what these thing s mean to decide how our money goes into what.

People may speak about stocks, saying that this is doing well this is doing bad etc. Investing in equities may seem risky but they are the one with the highest returns and when done properly can fetch us excellent returns. We should know about the current financial health of our country, the company which would enable us to invest in these schemes wisely.

For those who dont invest in stocks and are content with insurance schemes there are also other schemes like unit linked insurance mutual funds etc and all of them avail tax exemption for the amount paid as premium.

This lengthy explanation says a single message. It's our money and the investments we do are binding not only on us but on our future generations. So planning our investments wisely would help us in the long run .

Rather than depending on a chartered accountant on a third party to tell us in what state our investments are :as most people are now ignorant of what they have invested in ; its better we get to know these things .