sensextoday

[sensextoday]

How to Retire Early? Fire Movement!

Achieving early retirement may seem like a distant dream for most people. However, with the right mindset and financial planning, it can be achievable. One popular movement that has gained popularity over the years is the FIRE movement, which stands for Financial Independence, Retire Early. This movement focuses on living frugally, saving aggressively, and investing wisely to achieve financial independence and retire early. In this article, we will explore the key principles of the FIRE movement and how to achieve early retirement using its principles.

What is the FIRE Movement?

The FIRE movement is a lifestyle and financial movement that advocates for individuals to achieve financial independence as soon as possible and retire early. The movement emphasizes the importance of saving, investing, and living frugally to achieve financial freedom. FIRE adherents believe that by reducing their expenses and investing the savings, they can reach financial independence and retire much earlier than the traditional retirement age. The FIRE movement has gained popularity over the years, with many individuals adopting its principles and achieving early retirement. The movement has gained popularity due to its practical approach to achieving financial independence, which appeals to many people.

How to Achieve Early Retirement Using the FIRE Movement

- Determine your retirement goals The first step towards achieving early retirement using the FIRE movement is to determine your retirement goals. What age do you want to retire? How much money do you need to retire comfortably? These are some of the questions you need to ask yourself. Once you determine your retirement goals, you can create a financial plan that aligns with your goals. - Live Frugally The second principle of the FIRE movement is living frugally. Living frugally involves reducing your expenses and focusing on the essentials. This means cutting back on unnecessary expenses such as eating out, buying expensive clothes, or buying a new car every year. By living frugally, you can reduce your expenses, save more money, and invest in assets that will generate passive income. - Increase your income Increasing your income is another crucial step towards achieving early retirement. This can be achieved by taking on a side hustle, starting a business, or advancing your career. Increasing your income will give you more money to save, invest, and achieve your financial goals faster. - Invest aggressively Investing aggressively is another key principle of the FIRE movement. This involves investing a large portion of your income in high-growth assets such as stocks, mutual funds, or real estate. By investing aggressively, you can grow your wealth faster and achieve financial independence earlier. - Save aggressively Saving aggressively is another important principle of the FIRE movement. This involves saving a large portion of your income and investing it in assets that will generate passive income. By saving aggressively, you can build a significant amount of wealth over time and achieve financial independence earlier. - Pay off debts Paying off debts is another important step towards achieving financial independence. Debts such as credit card debts, student loans, or car loans can significantly impact your ability to save and invest. By paying off your debts, you can free up your income and redirect it towards your financial goals. - Create a retirement plan Creating a retirement plan is crucial towards achieving early retirement. This involves creating a plan that outlines your retirement goals, the amount of money you need to retire, and the steps you need to take to achieve your goals. By creating a retirement plan, you can track your progress and make adjustments as necessary. Conclusion Achieving early retirement using the principles of the FIRE movement is possible with the right mindset, planning, and execution. By living frugally, increasing your income, saving and investing aggressively, paying off debts, and creating a retirement plan, you can achieve financial independence and retire early. However, it's important to note that achieving early retirement requires discipline, patience, and a long-term approach to investing. It may take years of hard work and sacrifice to achieve financial independence and retire early, but the rewards are well worth it. One of the key benefits of achieving financial independence and retiring early is the ability to pursue your passions and live life on your own terms. Instead of being tied to a traditional job, you can pursue your hobbies, travel, spend time with family and friends, or start a new business. It's important to note that the FIRE movement is not for everyone. It requires significant lifestyle changes, sacrifices, and a long-term approach to investing. However, for those who are willing to put in the work and make the necessary changes, the FIRE movement can be a powerful tool to achieve financial independence and retire early. In conclusion, the FIRE movement is a powerful tool that can help you achieve financial independence and retire early. By living frugally, increasing your income, saving and investing aggressively, paying off debts, and creating a retirement plan, you can achieve your financial goals and live life on your own terms. While achieving early retirement may seem like a daunting task, it's important to remember that every small step you take towards your financial goals can make a significant impact over time. With discipline, patience, and a long-term approach to investing, achieving financial independence and retiring early is within reach for anyone willing to put in the work. Read the full article

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Top Instagram Influencers In India To Understand Finance

In recent years, social media has become a powerful platform for sharing knowledge and information on various topics, including finance and the stock market. Instagram has emerged as a popular platform for finance influencers to share their insights and expertise with a wider audience. In this article, we will take a look at the top Instagram influencers in India who can help you learn about the stock market and finance. - Sharan Hegde (@financewithsharan)

Sharan Hegde, also known as Finance with Sharan, is a finance expert and content creator with over 2.1 M followers on Instagram. He provides valuable insights on personal finance, stock market investing, mutual funds, and insurance. Sharan's content is easy to understand, engaging, and informative, making it accessible for beginners and experts alike. He also hosts a popular YouTube channel where he shares his knowledge and experience on various finance-related topics. Sharan's expertise and passion for finance have made him a valuable resource for those looking to improve their financial literacy and achieve their financial goals. - Neha Nagar (@iamnehanagar)

Neha Nagar is a popular finance influencer on Instagram, known for her expertise in personal finance, investing, and the stock market. With over 1.4 M followers, she shares valuable insights and tips to help her audience improve their financial literacy and make informed investment decisions. Neha's content is engaging, informative, and actionable, making it accessible for beginners and experts alike. Her expertise in finance has made her a sought-after speaker at various events and conferences, and she has also been featured in several publications. With her commitment to spreading financial literacy, Neha Nagar is an influencer to watch out for in the world of finance. - Shreya Kapoor (@shreyakapoor_)

Shreya Kapoor is a popular finance expert and content creator on Instagram with over 659K followers. She provides valuable insights and tips on personal finance, investing, and the stock market. Shreya's content is engaging, informative, and actionable, making it a valuable resource for anyone looking to improve their financial literacy. With her easy-to-understand content and expertise in finance, Shreya has become a go-to influencer for people seeking to make informed financial decisions. Her insights and knowledge are helpful for both beginners and experts in the field, and her Instagram account is definitely worth following for anyone interested in learning about finance. - Unfinance (@unfinance)

Unfinance is an Instagram account run by a team of finance professionals who share their knowledge and experience with their over 649K followers. They cover a wide range of topics, including personal finance, investing, and the stock market. Unfinance's content is engaging, informative, and actionable, making it a valuable resource for anyone looking to improve their financial literacy. - CA Twinkle Jain (@catwinklejain)

CA Twinkle Jain is a chartered accountant and content creator who shares her knowledge and experience with her over 390K Instagram followers. She provides valuable insights on personal finance, investing, and the stock market. CA Twinkle Jain's content is engaging, informative, and actionable, making it a valuable resource for anyone looking to learn about finance. - Tejas Joshi (@tejasjosh.i)

Tejas Joshi is a finance expert and content creator who shares his knowledge and experience with his over 366K Instagram followers. He provides valuable insights on personal finance, investing, and the stock market. Tejas's content is engaging, informative, and actionable, making it a valuable resource for anyone looking to learn about finance. - Ashna Tolkar (@moneylancer)

Moneylancer is an Instagram account run by Ashna Tolkar who share her knowledge and experience with their over 119K followers. They cover a wide range of topics, including personal finance, investing, and the stock market. Moneylancer's content is well-researched, informative, and actionable, making it a valuable resource for anyone looking to improve their financial literacy. In conclusion, social media platforms like Instagram have become a valuable resource for those looking to learn about personal finance and investing. Check out their Instagram to enlighten yourself on Personal finance and much more in very presentable way. Read the full article

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Everything To Know About Aadhar PAN Linking

Table of Contents: - Introduction - What is PAN? - What is Aadhaar? - What is the notification about? - What are the implications of the notification? - How to link PAN to Aadhaar? - What if you don't have Aadhaar? - What if there are errors in the Aadhaar or PAN details? - Conclusion In recent years, the Government of India has implemented various initiatives to improve its governance systems and make them more efficient. One such initiative has been the linking of various identity documents to the Aadhaar card, a unique identification number issued to Indian citizens. The latest move in this direction is the government's notification that mandates the linking of PAN (Permanent Account Number) to Aadhaar. In this article, we will delve deeper into this notification and its implications for Indian citizens. What is PAN? PAN or Permanent Account Number is a unique identification number assigned to taxpayers in India. It is a 10-digit alphanumeric number issued by the Income Tax Department and is used to track the financial transactions of individuals and businesses. PAN is mandatory for filing income tax returns and for various financial transactions such as opening a bank account, investing in mutual funds, buying or selling property, etc. What is Aadhaar? Aadhaar is a 12-digit unique identification number issued by the Unique Identification Authority of India (UIDAI) to Indian citizens. It contains demographic and biometric information of the individual and is used as a proof of identity and address for various services such as opening a bank account, getting a mobile connection, etc. What is the notification about? The latest notification issued by the government mandates the linking of PAN to Aadhaar. The notification, issued on 31st March 2021, states that every person who has been allotted a PAN as of 1st July 2021 and who is eligible to obtain an Aadhaar number, shall intimate his Aadhaar number to the Income Tax Department. Failure to do so may result in the PAN becoming inoperative. What are the implications of the notification? The linking of PAN to Aadhaar has several implications for Indian citizens. Firstly, it will help the government to track and prevent tax evasion as it will be easier to identify individuals who have multiple PANs or who under-report their income. Secondly, it will make it easier for individuals to file their income tax returns as they can do so using their Aadhaar number instead of PAN. Thirdly, it will help in reducing the paperwork and administrative burden on both taxpayers and the Income Tax Department. How to link PAN to Aadhaar? Linking PAN (Permanent Account Number) to Aadhaar in India is a simple process that can be completed online through the Income Tax Department's website or the UIDAI (Unique Identification Authority of India) website. Here are the steps to link PAN to Aadhaar: Step 1: Visit the Income Tax Department's e-filing portal at https://www.incometaxindiaefiling.gov.in/home Step 2: Click on the "Link Aadhaar" option under the "Quick Links" section on the left side of the page. Step 3: Enter your PAN and Aadhaar number in the respective fields. Step 4: Enter your name as per Aadhaar and the Captcha code. Step 5: Click on the "Link Aadhaar" button. Step 6: If the details entered by you match with the details in the Aadhaar database, the website will display a message saying that your Aadhaar has been successfully linked with your PAN. Alternatively, you can also link PAN to Aadhaar through the UIDAI website by following these steps: Step 1: Visit the UIDAI website at https://uidai.gov.in/ Step 2: Click on the "Aadhaar Services" tab and select "Aadhaar linking status" from the drop-down menu. Step 3: Enter your PAN and Aadhaar number in the respective fields and click on the "Send OTP" button. Step 4: Enter the OTP received on your registered mobile number and click on the "Submit" button. Step 5: If the details entered by you match with the details in the Aadhaar database, the website will display a message saying that your Aadhaar has been successfully linked with your PAN. It is important to note that the deadline to link PAN to Aadhaar is 31st March 2023. What if you don't have Aadhaar? If you don't have an Aadhaar number, you can apply for one through the UIDAI website or through an Aadhaar enrollment center. The process involves submitting your biometric and demographic information, and getting your photograph and fingerprints taken. Once the enrollment is complete, you will be issued an Aadhaar number. What if there are errors in the Aadhaar or PAN details? If there are any errors in the Aadhaar or PAN details, it is important to get them corrected before linking them. This can be done by visiting the nearest Aadhaar enrollment center or through the Income Tax Department's website. Conclusion The linking of PAN to Aadhaar is a significant step towards making India's governance systems more efficient and effective. It will help in reducing tax evasion, simplifying the income tax filing process, and reducing the administrative burden on taxpayers and the Income Tax Department. Therefore, it is crucial for all Indian citizens to link their PAN to Aadhaar before the deadline of 31st March 2023 to avoid any inconvenience. Amazon Store Read the full article

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Is meatless meat the next megatrend in FMCG?

If you are a long-term investor then you should know about the megatrend. Megatrend means a quick and powerful transformative force that could change the global economy, business and society. Like the EV revolution in the auto sector. So the question is, Is meatless meat the next megatrend in FMCG? Let's figure it out. To figure out this first we need to understand what is meatless meat!? It sounds interesting, right? Meat without meat. It is basically a plant-based protein. Nowadays the world is shifting towards this "meatless meat". Basically, plant-based protein. It sounds similar to vegan. Like no dairy and animal products. So, in the substitution of milk, they used soya milk or almond milk and instead of chicken nuggets they used a plant-based version of soya and pea protein. Now you get the idea of What we are discussing here. This sounds like we are bluffing. Let's check the facts. Around 3 per cent of the world's population is identified as following a plant-based diet. The number is very small but it's continuously increasing. As we act as megatrend identifiers you do have to be sufficiently early to make the most of it. The plant-based shifting is in the early phase right now. There is an initiative called Veganuary. It's an initiative that people from around the world sign up for it and live off the plant-based diet for January month. The movement was started three years ago and now it's very popular and marked a 200 per cent increase in sigh ups. After the corona pandemic, people are becoming very conscious of the food they are eating. They know that a meat-based diet is not always the best and most healthy option. Nowadays people are more conscious about environmental impact also. In India, research was conducted by the Good Food Institute India. In that, they mention that 63 per cent of the Indian non-vegetarian are likely to be a recurring consumer of plant-based protein substitution. No doubt that the research was conducted only in the metro city. But even then the number is very convincing. Every such trend is most likely to be followed in metro cities of India. If you lived in Banglore and you open the food delivery apps like Swiggy and Zomato you can find a whole variety of results spanning multiple pages. Such as chocolates, ice creams, nuggets, sauces and even beauty care products. You can find these types of plant-based products in every supermarket. It means the popularity of plant-based products is increasing day by day. Read Also: TATA STEEL: The backbone of the TATA group You can find lots of startups around this segment. For example, a mother and son duo founded a startup called One Good which is providing plant-based food. The list is very long and includes some celeb-backed startups like Blue Tribe backed by Virat Kohli and Anushka, Imagine Meats founded by Riteish Deshmukh and Genelia, Shaka Harry teams up with celeb chef Manu Chandra and many more. Not just startups some big players also try to catch the trend. Early this year ITC one of the biggest players in the Indian FMCG launched plant-based protein products under its new brand called Chef IncrEdible. And last month TATA's FMCG company called Tata Consumer Products announced its own plant-based protein brand called, Simply Better. Every coin has two sides till now we only see the good part of the meatless meat megatrend. Now let's have a look at the other side of the megatrend. If you visit the ITC IncrEdible website you can observe that the price of plant-based burger patties and plant-based nuggets are high in comparison to actual meat products. The response is very mixed up for taste also. It does not taste like actually chicken. Let's compare actual meat with meatless meat. Actual chicken grill patty for 500 gms they charged around 320 to 350 but on ITC IncrEdible site they charged 630 for meatless. It is almost 2.8 times more expensive.

Conclusion:

At the moment we can not predict whether these types of plant-based products are bound to fail or going to succeed. We only do one thing that is waiting and watch the market. And when you get the confidence you can take a bet on that. For that, you need a Demat and trading account and you can open it in just 3 minutes by clicking here. Read the full article

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Best monopoly stocks in every segment.

Monopoly stocks is the favourite category of veteran investor Mr. warren buffet. Monopoly is the thing which every single investor wants to see in their portfolio companies. A monopoly means a business that is the market leader in its industry or market. It happens due to a significant competitive advantage or a high entry barrier. These types of companies are falls in the MOAT. MOAT is like a castle which is surrounded by water full of alligators. Which represents the margin of safety and high entry barrier. Entry barriers like government restrictions, significant capital, competitive edge, low margin product, or customer trust. Let's take a look at companies which enjoys the monopoly in their segment.

Small Cap: NOCIL

NOCIL is engaged in the manufacturing of rubber chemicals. The company was established in 1961. Rubber chemicals are used in the tyre industries and rubber processing industries. The company handles 40 per cent of the market share. NOCIL serves the industry with a huge product range. Their rubber chemical portfolio includes antidegradants or antioxidants, accelerators, and non-automobile industries products like F, ZDC, ZDBC, ZMBT, SDBC, ZBZDC, and DHTS. NOCIL also manufactures pre-vulcanisation inhibitors and post-vulcanisation stabilizers. The company has two manufacturing facilities located in Navi Mumbai and Dahej. The product manufactured by the company is used in the tyre-tube moulded components for vehicles, industrial belts and gloves. The company has long-term relationships with their clients. They supply their products to Apollo, JK, Sumitomo rubber, MRF, CEAT, Yokohama, Continental, and many more.

Mid Cap: CAMS

CAMS is a mutual fund transfer agency. The company provides investment services and distribution services to asset management companies. It is India's largest RTA technology-driven financial infra provider in the mutual fund services category. CAMS is India's largest registrar and transfer agent of mutual funds. READ ALSO: WazirX, a falling knife; Nobody wants to catch! The company has more than 22 trillion INR worth almost 69.4% market share in India. CAMS offers the services like dividend processing, transaction origination interface, payment, transaction, execution, dividend processing, intermediary, and compliance services related to mutual funds. CAMS launched its IPO in September 2020. At the time of listing the company gives 100 per cent listing gains to its investors. The company in the sunrise industry So, we can expect to do well in the future.

Large Cap: Asian Paints

The company was established in 1942. Asian Paints is the largest paint manufacturer in India. It is also engaged in the business of manufacturing varnishes and surfacing preparation, organic composition solvents, thinners, and accessories that are needed in the construction and decoration of houses and offices. Asian Paints operates in more than 15 countries and it has 26 paint manufacturing facilities. The group company operates through multi-brand images such as Asian Paints Berger, Apco Coatings, SCIB Paints, Taubmans, Causeway Paints and Kadisco Asia Paints. Not just parts the company also manufactures sanitary ware such as baths, sinks, washbasins and similar articles in stainless steel segments and ceramic segments. The company enjoys an 83.70 per cent market in the decorative coating industry. It is the 3rd largest paint company in India.

Final Words:

While investing in monopoly stocks you have to first determine whether the company has the capabilities to hold its monopoly in future. You can do that by understanding the company's margin and entry barrier in that segment. If you have such monopoly companies in your mind do let us know in the comment section. You also can invest in these monopolies just by clicking here. Read the full article

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How to gift stocks, ETFs and bonds with Zerodha.

Nowadays, financial freedom is the most fascinating and mandatory thing. In the old era, we all are used to giving the surprises and gifts such as watches, gold jewels, etc. Now the trend is changing. Everyone wants to do something unique and something that their loved ones don't forget in future. The best way to gift or greet your loved one is "stocks". Stocks are likely to trend in India right now. Basically, financial assets such as Stock, ETFs and Bonds are the best way to gift in our opinion. These types of gifts are unique as well as beneficial to your loved ones. In India right now only one discount broker facilitates their clients to do that which is Zerodha. Zerodha provides a facility to their customers to gift Shares, Bonds and ETFs. Let's understand the step-by-step process that how you can share these financial assets using Zerodha. Gifting these financial assets is very easy nowadays. The complete process is online. Step 1: To instantiate the process you need to visit Zerodha's online platform called console. You can visit it by clicking here. Step 2: Now you reach directly to the page where you have to fill out some details of the recipients. Such as the recipient's name, mobile number and email address. Step 3: After that, you need to choose which financial asset you want to gift. Whether it can be a Stock or it can be an ETF or it might bond. You can visit this sheet to refer to the stocks which are available for gifting in Zerodha. Step 4: Now recipients get a confirmation mail and message that they have confirmed that within 7 days. here you have to take care of one thing if the recipient does not have the Zerodha Demat account that they are not eligible for the gift. To receive the gift they first need to open their Zerodha Demat account then after they can accept the gift. If they already have an account with Zerodha they can instantly accept the gift. OPEN A ZERODHA DEMAT ACCOUNT NOW! Step 5: Once the recipient accepts the gift you receive the mail and SMS notification to confirm the recipient's identity. Also, this is the confirmation step for your gifting. To confirm that you need to enter your CDSL TPIN. If you don't have your CDSL TPIN you can generate one by clicking here. Step 6: Once you confirm the transaction Zerodha will set up the off-market gift transaction at CDSL. After that CDSL verify that transaction by sending you an OTP. Step 7: Once this whole process was done. On that same day when CDSL confirms the trade at 5 PM, you will receive an email and SMS from CDSl asking you to confirm the off-market trade. You have to confirm that on their site cdslindia.com Here you need to enter your 16-digit PAN number and you have to do an OTP verification by 8 PM on the same day. READ ALSO: Tax Harvesting: A way to increase profits. Step 8: And that's all. You are good to go. After this simple process and confirmation, the holding will disappear from your portfolio holding and credits in the recipient's account within the next day.

Fees and charges:

Gifting shares on Zerodha is completely free of cost. But the off-market transaction which was done through CDSL charges some fees. The charges are very nominal transfer fees are INR 25 + 18 per cent GST or 0.03 per cent per stock, whichever is higher. The charges will automatically be debited from the sender's trading account.

Conclusion:

Gifting these type of financial assets are on trend nowadays. You can do it too. You just need to follow a few simple steps. The process might seem too long but here we simplify that with 9 easy steps. Also, it is unique and secure. If you facing any difficulties in the process don't hesitate to ask us in below comment section. Read the full article

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Can India become the 'prize' setter for Gold?

In the 18th century, India was known as the "Sone ki Chidia" a golden sparrow. At present India is still a golden sparrow. But how? It will happen through IIBX; Indians carry the world's largest household gold. We account for almost 25 per cent of total global gold demand. Unfortunately, we have to import almost 99 per cent of our requirements. India mined only 1.7 tonnes of gold as of the figures for FY2020 and we consumed 775 tonnes! Indians are crazy o gold, especially on occasions of weddings and festivals. Indians love to buy gold! It's a good thing but what is the problem then? The problem is in the process of importing gold. the intermediary's monopoly and lack of standards in purity. So, what is the solution for these? Let's take a look at the solution. IIBX India International Bullion Exchange. An exchange formed only for Bullion means precious metals like Gold and silver. It is established in the GIFT City (Gujarat International Finance Tec-City) Gujarat. We are the third in the world who set up a bullion exchange for gold. China and Turkey are the first two.

What are the benifiets of IIBX?

Before IIBX in India gold imports is only allowed for some specific entities. The entities who owned the certification for that. So, jewellers and all can not buy gold or import the gold directly from the international market. They must have to purchase gold through these certified entities. But after the IIBX one like jewellers, investors, etc can buy the gold directly from the international market. We are going to suppress the monopoly of that specific bunch of people who have the right to deal in the international market. Because we are the largest gold consumers in the world. Read Also: The 11 Best Personal Finance Books of All Time: Its Your Money

How do IIBX works?

The working of IIBX is straightforward. Jewellers can directly buy gold in the international market and deal with international dealers. But through the help of IIBX. If the buyer's price and seller's price match the deal will be done! What next? After the deal, IIBX imported the gold and stored it in their super-serious vaults. The exchange IIBX grabs that value in terms of an electronic token called Bullion Depository Receipt(BDR). Also, this token is tradable. This means as other assets like bonds and stocks you can trade them in dollars and might with the rupee in near future. The electronic units are backed by the physical gold stored in the vaults by the IIBX.

Can India become the 'prize' setter through IIBX?

The IIBX thing also helps us to reduce the basic cost of gold. We do not need to pay for the intermediary's high commissions. Also, if jewellers can directly buy their gold from the exchange the gold price gets more consistent. We might see the price can correct up to $50-$80 per kilogram. Also, in the international market as we talk earlier in the article India has a 25 per cent consumption of gold. If we get success in the IIBX we might become the price setter instead of price getters for gold and silver.

Final thoughts:

Everyone is willing that this will pan out successfully. But if we insight into history China and Turkey also have their bullion exchange but they have no such impacts. We can hope that India has more consumption and buying power than others so it is a possibility that it works. IIBX works or not you can still do one thing trade in a commodity such as Gold, Silver by opening an account in just 3 minutes by clicking here. Read the full article

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WazirX, a falling knife; Nobody wants to catch!

"WazirX was acquired by Binance. Zanmai Labs is an Indian entity owned by me & my co-founders. Zanmai Labs has a license from Binance to operate INR-Crypto pairs in WazirX. Binance operates crypto to crypto pairs, processes crypto withdrawal" This was the statement of Nischal Shetty, one of the founders of WazirX. Here every one has a question why both parties are washing hands to officially take over the WazirX? To know that we have a story for you. Please have a look at that first. In December 2020, Some suicides were committed because of the recovery agents. Hyderabad police started the investigation. The victims come from middle and lower-middle-class families. They needed some financial help. So, they took off from an online app which is in the business of lending microloans. The lander charges the interset pretty high and the repayment cycle is around 50 to 60 days. The lenders strategically traped the victims and the result was they give up. The case becomes more critical and the investigation was handed over to ED. In the investigation, ED found that 12 NBFCs are involved in the racket. The landers shake hands with these Chinese NBFCs who needs various ways of income from Indian customers. The alliance worked together in the strategy to target the victims. At the time when an alliance was formed the RBI has some clue that this situation might be formed. So, at that time RBI issued a public interest warning that reminds everyone to stay away from these kinds of things and stay safe. When the RBI releases the notice the lenders and NBFC got a spark that RBI might block such transactions. So, overnight they started cancelling the registration certificates which were used to run such money lending companies. It is the step which brings the ED to WazirX. Read Also: Best monsoon picks for this monsoon season WazirX is a popular cryptocurrency exchange that operates in India. It was founded in late 2017 and helps people to trade in crypto. The WazirX was so-called acquired by the global crypto exchange Binance. At that moment every one feels like Binance acquires the Indian WazirX. But at present both parties decline to accept that WazirX is owned by them. Now back to the story. When ED reaches WazirX. ED needs some transaction history. The transaction is held by the NBFC and Landing companies. Because WazirX as a crypto exchange ties up with Binance converts the INR with crypto. And we all know when any currency which was converted to any crypto is impossible to track. So, ED wants that transaction which was done by NBFCs and land companies. But the twist is that WazirX does not have the proper details. When a company deals in money they need to know the ins and out of the transaction. In simple terms, it is known as KYC: Know your customer. But some companies don't do it properly and violate government rules. WazirX is one of them. Now Ed charged WazirX with violating KYC norms. If the company is found guilty the company draws itself into such big trouble. Now you can easily understand why Binance and the WazirX founder Nischal it self washing their hands from WazirX. But one thing that is very trustable and profitable; was Stock market investing. You can get lots of benefits by opening a Demat account. You need to just click Here. Read the full article

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Best monsoon picks for this monsoon season

On Friday, RBI increased the Repo rates. It increased by 50 BP (Basis Points). RBI increased it for 3rd time in a row since April this year. On the other hand, the monsoon is likely to do well. A good monsoon indicates good agricultural produces. It means an increase in rural demand. We can say that if the monsoon goes well, one may see a lift in farm income and, thus, demand, especially when food prices and inflation are rising. Let's have a look over the best monsoon picks that might be a good grab during this monsoon season.

Coromandel International:

Good monsoon directly relates to the good agricultural right? So, the Agri sector also does well. Coromandel International is one of India's leading Agri solutions providers. The company mainly deals with fertilizers, crop protection, biopesticides, speciality nutrients and organic fertilizers. Coromandel International is a Murugappa group company. Which has a presence across various industries like auto components, abrasives, financial services, transmission systems, sugar and many more. The company has a strong foot in cash flows. They launch new products continuously. Also, the balance sheet looks good with a strong business model.

Kaveri Seeds:

Kaveri seeds are one of the leading seed producers in India. The company is in the research, production, processing and marketing of various Agri seeds and hybrid seeds also. The company was established in 1986 with a single seed-producing unit; now Kaveri seeds has a presence across India with 22 states spanning 12 agro-climatic zones. They have 7 processing plants with an aggregate production capacity of 10,00,000 aq ft across India. A healthy monsoon will increase the demand for seeds. This will eventually be beneficial for the company. The company has strong financial and cash flows. It might be a good pick for this monsoon season. Read Also: Safemoon: Can It Make a Comeback in 2022?

Escorts Kubota:

Escorts are engaged with the manufacturing of Agri equipment. The company is famous for its Agri tractors, engines for the tractors and material handling equipment. Escorts has a 10.3 per cent market share in the manufacturing and marketing of tractors. The company generates its major revenue through Agri equipment. It is almost 77 per cent of total revenue. They have a total of 5 plants and a manufacturing capacity of 1,20,000 units. The company also focuses on the EV segment and EV-related products and technology. The company has a good balance sheet. The good monsoon season in India definitely increases the demand for Agri equipment and tractors.

Hero moto Corp:

The company Hero moto corp is also known as the "Hero Honda". It is one of the first motorcycle manufacturers in India. The company has been the world's largest manufacturer of 2-wheelers for 19 years in a row. In terms of units sold by the company. Hero moto corp has an overall 36% market share in India. The company has a strong balance sheet and cash flows. Because of the company's strong rural presence and increase in government spending Hero moto corp has a bright future.

Marico:

Parachute coconut hair oil is a well-known brand of Marico. The company is in the consumer goods manufacturing segment. It has a presence in over 25 countries across Asia and Africa. Marico is famous for its Coconut oil brand known as a parachute. Also, it is known for Saffola which is the Super premium refined edible oil arm of the company. The company manufactures products for male grooming and styling, skincare and hygine. Marico enjoys a monopoly in coconut oil products with a market share of 62 per cent, with super premium ROCP (Saffola) with a market share of 82 per cent.

Final Words for monsoon picks:

The country is expected to get a normal monsoon season this year. It indicates a good recovery in the Economy. These mentioned companies are our best picks for the monsoon season. Do your own research and grab the opportunity while the market is also recovering. Also, if have such recommendations or thoughts regarding Agri seasons and markets we glad to hear from you. Share your idea in the comment box below. Also : Get Free Amazon Stock ! Read the full article

[sensextoday]

The 11 Best Personal Finance Books of All Time: Its Your Money

Knowledge of personal finance is one of the most crucial things that can keep you alive in this ever-priced market. It teaches you to earn, manage, spend, and save the hard-earned money of yours and your family. A person with a proper understanding of personal finance can keep his earnings and expenses quite stable and consistent in an unpredicted market and achieve both short-term and long-term financial goals.  But where does this understanding of personal finance come from? Well, the best source for learning something new has always been the books, for always. In this article, I am going to list the top 11 best personal finance books of all time that can completely change the way you see your money. With these life-changing books, you can have a much more stable financial life than ever. 

#1. Clever Girl Finance

Till 2020, women were earning only 83% of men at the same position with the same workload according to the reports of statista. It means that for every dollar a man earned for doing a task, a woman only got $0.83. One main reason behind this discrimination is the improper education of women. To support the women's evolution to empower the ladies out there, Bola Sakunbi, a certified financial education instructor, published his book, Clever Girl Finance. The book focuses on guiding women about earning, keeping an eye on their expenses, budgeting, and saving their money to empower them in this world. 

#2. Rich Dad Poor Dad

For me, it has been one of the best personal finance books of all time when it comes to learning the basics of self-finance. Rich Dad Poor Dad is a great book written by the well-known Rober Kiyosaki. The book covers almost every corner of personal wealth and expenses-from earning to saving. Robert has outlined the book into an interesting story of two fathers, one who is well-educated and holds plenty of certification and the other who is a school dropout. The book tells us how the school dropout father died handing a well-established empire to his son while the well-educated handed only debt to his son after his death. 

#3. Your Money Or Your Life

We all know the fact that money is not the only thing we want in life. The book portrays a deep light on the point and guides you to achieve real financial freedom in your life. Living frugal increases (not decreases) the quality of life, this is what this book summarizes. Vicki has outlined the book perfectly in nine easy-to-swallow steps that cover everything-from creating wealth to spending it in the right ways. The book has sold more than a million copies sold and is on its way to changing the world's perspective. 

#4. The Millionaire Next Door

If you are looking for something that can guide you to reach those high-class investment strategies, The Millionaire Next Door is surely your next door to success.  Published by Thomas Stanley and William Danko, the book puts a bright light on the investment strategies of the best investors in the world. The book cites several examples and teaches you how the most intelligent investors work to create wealth and live frugally in their daily lives. Surely it is one of the best personal finance books of all time you will come across. 

#5. The One Page Financial Plan

The One Page Financial Plan becomes your best buddy if you are in your initial phases of making investments and managing expenses. The book teaches you to understand your financial values and objectives. Go through the easy-to-swallow steps to prioritize your life goals and achieve them. Richards has written this book in a simple straight language that makes it best for beginners. 

#6. You Need A Budget

No matter how much we earn, if we don't spend it wisely, we will face a lack of money one day. And that lack of money might make you too afraid to take the next step. This is when this book comes into effect as it teaches you to create a well-stable budget and manage your expenses. The four basic trusted and tried rules help you to turn your burden money into a weapon you can use to achieve great goals in your life. 

#7. I Will Teach You To Be Rich

Ramit Sethi's book, I Will Teach You To Be Rich, helps you learn money management when you are between the age of 20 to 35. The book supports personal entrepreneurship and teaches you amazing wealth creation lessons from its four foundations- banking, saving, investing, and budgeting. One of the best personal finance books of all time for people looking to learn financial management before they get it collapsed. 

#8. The Total Money Makeover

This book is a bit different from the other typical books as it doesn't teach you anything. Instead, it provides you with real-life examples of how people followed Dave's simple tips to achieve their financial goals. The book depicts simple suggestions, motivating aids, and tips to support your desire to be financially free. 

#9. Why Didn't They Teach Me This In The School

Financial management skills do not come to you by birth. It comes from proper learning and education. But the sad part is that we aren't taught these things in our school or college life. The necessity of wealth management starts from the teenage but we aren't aware of these things then. This book does what needs to be done and provides you with 99 amazing principles from eighth money lessons that will help you be aware of your financial conditions right from the start. 

#10. Think and Grow Rich

Back in the 1930s, Napoleon Hill interviewed a number of millionaires to understand their road to success and difficulties. In his first interview with steel magnate Andrew Carnegie, he produced one of the best self-wealth books of all time, Think and Grow Rich. The book supports the notion, greed is good, as long as you are willing to share your wealth. The book teaches you how to bring a never-dimming desire of creating wealth in your life and how to achieve it. 

#11. The Psychology of Money

This super interesting book tells you about the psychology of money, how your ego, pride, anger, and mood affect your financial decisions. Rather than giving you common tips and ideas for creating wealth, this book provides you with invaluable guidance on controlling your inner emotions to use your money in the right way. The book contains 19 short stories to help you overcome your biases and make better decisions. For me, it is one of the best personal finance books of all time, for sure. 

Why Should You Read Personal Finance Books?

Personal finance is one of the most important aspects of our lives. It becomes quite crucial to keep everything well-managed to be prepared for uncertain future emergencies.  Read the full article

[sensextoday]

How To Save Money As A Teenager? [in 5 Easy Steps]

Saving money is always a hard task for teens for so many reasons. It can be the urge to spend money with your friends or the habit of eating at hotels and restaurants. But these habits might make you regret them later. Learning how to save money as a teenager becomes very important to understand the value of money before it's too late.  Learning how to save money at your early stages can help you in many ways. Whether it is to buy your favorite smartphone, go on a long holiday trip with your friends, or throw a superb party on your birthday, spending your own saved money has a unique feeling.  Whether you are 13, 15, or even 19, this article will help you learn how to save money as a teenager. Follow the simple steps and tips and start growing a good habit that'll last forever. 

#1. Open Your Savings Accounts Right Away 

Though saving money without having a savings account is possible, it's too hard. As a teen, you always find it hard to save money, especially when you have it with you.  One good way to start saving your money is by opening a savings account. A savings account provides you with a secure place to keep your money safe.  If you are a minor (under the age of 18), ask your parents to help you open a savings account.  Pro tip: Go for a savings account that has no monthly fee and minimum account balance requirements.  You can do some simple research online to choose the best savings accounts for kids in 2022 quite easily. And here you complete your first stage of learning how to save money as a teenager. Cheers!

#2. Save little but regular 

Set daily, weekly, or monthly goals for your savings and save accordingly. Be disciplined about your savings and try to reach your set limits.  You might feel a bit hesitant to put the money in your bank account if it is not much. But let me tell you, every penny counts! Whether it is $5 or $50, each savings will increase your total balance.  Sometimes, you may go out of cash and think of using the money saved in your account-but NO, don't do that ever. The money you have saved is for something particular or an emergency. Spending it on regular activities would be disrespectful of your efforts.  To avoid this, consider having a checking account (transaction account). While a savings account stands for long-term use, a transaction account is used to meet daily purposes. 

#3. Track your expenses to learn how to save money as a teenager

As a teen, it is often irritating to keep track of your expenses. The psychology behind that is that teens don't want any restrictions on their activities. I also support teen independence but not in this case. If you want to learn how to save money as a teenager, you will need to track your expenses.  Always remember this quote from Warren Buffet; Do not save what is left after spending, but spend what is left after saving. – Warren Buffett Note down each of your purchases and find where you are spending more than enough. This way, you can also avoid spending too much and cut down on it to put in your savings account. 

#4. Buy smartly 

We think that bargaining and buying smartly is only mammas work. But no, buying smartly as a teenager can help you save a lot for your future plan.  Everything you buy need not come out from your pocket completely. A smart buy can be sharing the cost with your friends, siblings, or partners.  Also, make use of coupon cards and vouchers properly. If you have got coupons and vouchers for things you are not interested in, consider reselling to marketplaces that accept them paying a fee.  Another thing that can make your buying quite smart is your student ID. With your student ID, you can get reasonable discounts on your favorite outfits, gadgets, and other stuff.  Remember, everything you are doing today is for learning how to save money as a teenager. 

#5. Make earnings and know how to save money as a teen 

If you really want to learn how to save money as a teenager, earn money. When you start earning, you start realizing the value of money. And then, saving it becomes quite easier.  Now you will ask, how to make money as a teenager? To make money as a teen, you need not go to the office. There are plenty of ways through which you can earn a decent amount of income that you can save for your future plans.  Here are a few ideas on how you can start earning as a student.  - Do housework - Help your neighbors in their stuff  - Do work from home jobs  - Work in cafes, malls, or restaurants  If you are hesitating to take up any of these as your way to start working, remember that no work is bad! 

Conclusion

Saving money as a teenager is possible, however, it is just a bit difficult. But not now, by going through this easily consumable article, you can learn how to save money as a teenager quite easily.  One thing to remember while doing this is that you are saving this money for a good cause. 

FAQs

Q 1. How to save money as a college student? Ans: The best way to save money as a college student is by doing part-time jobs, internships, or tuitions in your free time. For example, instead of wasting your college holidays on parties and all, try doing a paid internship. Along with some quality experience, it will help you save a fair amount of money as well.  Q 2. How to save money as a teenager without a job? Ans: If you are a teenager and don't have a job, it never means that you can't save money. You can help your parents in doing housework in exchange for some fee. You can also do some simple stuff for your neighbors to make and save money.  Q 3. How to save money from salary? Ans: If you are looking to save money from your salary, the best way is by putting it into a savings account or in a fixed deposit.  Read the full article

[sensextoday]

Nickel: From $28000 to $100000 in a Single Day!

Nickel is a pretty useful metal because it does not corrode easily. It is used in stainless steel. Apart from that, it is used in batteries, rechargeable nickel-cadmium batteries and nickel-metal hybrid used in hybrid vehicles. Nickel has a long history of being used in currency coins. It is always in high demand due to the multi-use. But the dramatic thing happened on Tuesday 8th March. When Nickel rides a skyrocket and reaches from $28,000 to $100,000 in a Single Day! It never happened when a contract nearly went up to 300 per cent in the space of a day. It happens on the London Metal Exchange. It was highly impacted and volatile because of the Russia-Ukraine Invasion. Because Russia is the third-largest Nickel producer in the world. Russia alone fulfils the almost 10 per cent demand. But nowadays nobody wants to deal with Russia. The Nickel supply was choked and we might see more price hikes in it in near future.

Types of Nickel Metal

There are two types or we can say variants of Nickel-metal are traded on exchanges. The Nickel which is traded on the London metal exchange is known as the Class 1 Nickel Metal. Because it is the purest form of Nickel. It must be at least 99.8% pure. But our half of the world does not use it. We use the less refined Nickel which is known as Class 2 Metal. It is in the form of ferronickel and nickel pig iron. This form of nickel-metal can be cheaply converted into stainless steel in the smelters.

How Metal trade works?

When you mine Nickel, you have to deal with one problem. The main problem is volatility in the price. Let’s assume that you are the mine owner and mine and sell at $3000 per tonne. But once you mine the Nickel and it is in the process the price will drop to $28000. You have to take a hit of $2000 per tonne in your bottom line. Everyone is facing this problem so they come up with a solution to commodity exchange. Trade-in commodities at no extra cost Open Account Now! Commodity exchange such as London Metal Exchange is the life savvier for the metal ore producer. Where metal ore miner makes a bet or a trade and fixes the price. In our example, the bet is set at $30000. It means when you process and produce it no matter what price it is traded at that time the buyer must have bought it from you at the contract price. Just like a coin, it has both sides. Suppose when it will process and ready to sell the prices dropped then the ore seller is in the profit. But what is the price hike at the time of sale? Ore seller is not able to get benefit from that. But now the Russia-Ukraine invasion happened. Your assumption of the Metal price completely goes wrong. Prices won’t go down and become a skyrocket. Now everyone takes the other side of the bet or risks making a huge loss. With a sudden reversal in expectation, It rises further. Everyone is in panic and then London Metal Exchange adjourned the Trading. So, it comes down from $100000 per tonne to $48000 per tonne. But still fear of price hikes is there.

Conclusion:

So yeah, right now the price of Nickel is still skyrocketing. Also, London Metal Exchange has not re-established its trading sessions. We can not predict how it will be turned out when trading sessions are resumed. Well, we don’t know it but one thing we can assume is that you gain some info through this article and also you shared it with your friends as well!                 Read the full article

[sensextoday]

Safemoon: Can It Make a Comeback in 2022?

Safemoon was launched in March 2021. And right from its birth, it has been positively capturing market attention. With its promising tag to reward long-term investors and a price upswing, it managed to make a breakthrough in its first year.  But as we have headed into 2022, the hype of the crypto is seen to be going down. In the market where people are investing in Dogecoin, Bitcoin, Ether, and Shiba Inu, it has become a bit difficult for Safemoon to grab investors' eyes. As the market price value of the digital coin is going to touch the resistance level, many are predicting that it can be a new start for it.  In this quick guide, we will try to explore the potential of the Safemoon crypto. With that, we will suggest to you whether or not to invest in Safemoon. 

What is Safemoon?

Like all the other cryptocurrencies out there, Safemoon is a digital token launched recently in the market. Along with working like other cryptos such as Bitcoin, Dogecoin, and Ether, Safemoon discourages rapid sales of coins by charging a 10% commission on each transaction made. The goal here is to encourage long-term investments. Also, the digital token tends to prevent greater losses when big investors decide to sell their coins.  Along with the continuous burn, Safemoon also offers manual growth which, according to the creators, helps in maintaining the supply of the coin. 

Some quick stats about Safemoon Crypto 

- After its launch, there are around 2.9 people holding this crypto, according to Utah Business - There are over 585.536 trillion coins in circulation right now, says CoinMarketCap - Currently, the crypto coin brings a value of $0.000002111 - The current market cap of this coin is near $1.236 Billion  - The crypto ranks at 210 in the market today

What's for The Future?

As the reports, Safemoon is all set to bring some exciting things for the people out there. This crypto was invented by a team of 6 leaders who curated new ideas to extend the value and the adoption of the coin in the market.  After the 1st quarter of 2021, the team size doubled and a marketing campaign was started. Now, the company is focusing on bringing some good stuff for the investors.  Here is a list of what you may get in the near future from the Safemoon team.  - The upcoming V2 launch  - A digital app - A crypto wallet, and  - Some crypto games  - Its own crypto exchange platform  This being said, we all would be keen to look forward to the growth of this digital token in the future. 

What's in The Upcoming Safemoon V2 launch?

After becoming the Crypto Community of the Year 2021, at the AIBC gaming summit, Malta, the digital token is all set to get upgraded to a newer version. This is called the Safemoon v2.  This upgrade will probably help the meme coin to reach a wider audience and increase its use cases. It is predicted that the Safemoon v2 upgrade will encourage more investors to try their hands on, leading to price increases in the future.  Only after the upgrade announcement, we have seen a 7.2% rise in the meme coin value.  The v2 upgrade brings a lot of features that include; - Making the digital token seamless - 2-click consolidation process - A web-swap option, and  - A QA option 

What is Preventing It From Being Successful?

Safemoon provides quite pleasurable and colorful decorations for the users. But when it comes to market business, they seem to be falling short.  The entire purpose looks like getting people to buy the crypto and then keep waiting for decades, hoping that the price will increase at the selling point. Apart from that, there are also some issues on the site such as integration with the African markets and Project Pheonix that haven't been solved yet.  The digital coin is too volatile and charges a commission fee of 10% on every transaction made. These also work as the disadvantages of the coin. 

Should You Buy Safemoon in 2022?

When you look at the past few months, crypto has recorded an ascent of around 86%. The current value of the digital coin is nearing $0.00000208.  However, experts say that there is a high chance of Safemoon making a strong comeback in 2022. If the meme coin manages to make an upswing of 55% to a price value of $0.00000321, it may come back into the market.  So yes, if you are really eager to invest in something unique, you should buy Safemoon in 2022.  But wait, what to do if you are losing with your Safemoon crypto? Earn free US stocks with INDMoney and have a reliable backup all ready for you. Read the full article

[sensextoday]

Reason Why LIC IPO May Defers To Next Year!

In execution of a disinvestment plan of INR 78,000 crore Government of India is come up with the Initial Public Offering of Life Insurance Corporation (LIC). Gov holds the 100% stack in the LIC. But they might be deferring the largest IPO of Indian history to the next year. Because of the ongoing Russia-Ukraine War. This war impacts heavily on the IPO because fund managers’ interest in the public issue dampened a lot. So, in today’s article, we talk about the reasons why the Indian Gov. may defer the LIC IPO to the next year. The Indian government was expected to sell a 5 per cent stack of the LIC this month. And it will help them to archive the disinvestment target of INR 78,000 crore in this fiscal year. But now it may defer to the next fiscal year because of the current geopolitical issue between Russia and Ukraine. The invasion of Russia over Ukraine turns the global equity market red. The Indian markets are also impacted. It was corrected nearly per cent from their all-time high. It might be an opportunity to invest in the market. To read more about it click here. In these types of situations where the markets are volatile investors tend to play safe. It means they don’t want to take much more risk and invest heavily. Usually, FPI and DPI are making their stand neutral and refrain to make fresh investments. The LIC IPO is the biggest IPO in the history of the Indian stock market. The face value of the share is INR 10 per share. That means LIC’s overall market valuation would be analogous to Reliance Industries and Tata Consultancy Services. Because of these reasons, IPO will need sufficient liquidity to be absorbed. For that, we need the Foreign Portfolio Investor (FPI) support. That’s why the cabinet approves the 20 per cent allocation towards the FPI investments. Invest In the IPOs In one Single Click If we consider the normal scenario most of the IPOs come at low rates. In simple words, central banks of developed nations keep their interest rates low. The impact of law rates maintains the liquidity in the market. If any market enjoys a good amount of liquidity then it will definitely responds to the public issues. But in the current scenario, the central banks of the developed nations are hiking their interest rates. It means the liquidity may not be as high as we want to adjust the LIC IPO in the upcoming few months. If the LIC IPO defer to the next fiscal year then it will definitely impact the disinvestment plan and meeting the target established by the Government of India. Gov. has to revise the targets and execution plans to compensate for this huge margin gap. In this fiscal year, Gov. has raised some chunk by the CPSE disinvestment and Air India’s strategic sale to Tata Sons.

Conclusion:

Here we can conclude that because of the current geopolitical issue between Russia and Ukraine the Indian Government is likely to be in the favour of deferring India’s biggest public issue of Life Insurance Corporation. And it also impacts the governments’ disinvestment plans. Here we can only make hope that war will stop as soon as possible and the market again face the bull run. Also, investors got the chance to invest in the LIC soon. Read the full article

[sensextoday]

Non-Fungible Tokens: What Makes NFT So Popular?

Have you heard of NFT? Well, I can bet you would have. NFTs are currently one of the most talked-about topics. And maybe one of the richest topics discussed today. But if you haven't heard of the term yet, you might be a few steps behind the fast-growing world. To help you cope with the modern speed, we have brought this short, simple, and effective guide for you where you will get all the important information regarding non-fungible tokens i.e. NFT. To give you an idea of why you should read the guide, here are some stats regarding non-fungible tokens. - More than $41 Billion worth of crypto has already been invested in the NFT marketplace - The most valuable NFT till now is worth more around $91.8 Million - The trading volume for NFT rose around 704% in Q3 and Q4 in 2021 Now you would have got an idea of the value NFT brings along. Let's head to our guide to know more about this. 

NFT Meaning 

I have seen a lot of people considering non-fungible tokens the same as cryptocurrencies. Well, they simply don't know NFT meaning.  NFT stands for non-fungible token and it is a type of unique digital asset. They are cryptographic assets on a blockchain with unique identification codes and metadata that make them unique.   A non-fungible item means that its value cannot be interchanged or replaced. For example, cryptocurrencies such as bitcoin are fungible. It means that one bitcoin will contain the same value as another bitcoin, like physical money. But on the other hand, you can't replace the value of your furniture with another piece of furniture. Every piece has its own value. Similarly, every NFT represents unique ownership of unique digital assets like arts, collectibles, and even real estate.  Non-fungible tokens are used for commercial transactions because they are non-fungible items. 

But Why are NFTs So Popular?

 NFTs have become one of the most popular digital assets today, but why? What are the reasons that make NFTs so popular? The major thing that makes these items so popular is their non-fungibility. An non-fungible token is also created by blockchain, from which cryptos are created. The blockchain created a time-stamped permanent and publicly accessible record of decentralized data.  An NFT, also known as nifties, can be used to represent real-world items like art, real estate, music, and many more. A user can buy or sell an NFT after creating it using cryptocurrencies such as bitcoin, ether, or dogecoin. Though anyone on the internet can view an NFT, its owner will have a special buyer badge that gives him the bragging rights to that digital asset. 

What Can You Do With an NFT?

You can use an NFT to prove ownership of any digital art, item, or real estate. Also, before selling your item, you can add royalties to it so you can earn some percent of its sales in the future as commission. 

How Do NFTs Work?

Mostly, NFTs are created on the ethereum network and are stored there as well. Even if you want to remain anonymous or pseudonymous, the ownership of a non-fungible token can still be traced and verified.  An NFT can have only one owner at a time. The ownership of the digital token is exchanged through its uniqueID and the metadata that cannot be replaced by other tokens. As these are mostly created on the ethereum platform, they are supported by smart contracts that make the ownership and transferability of the item secure. 

The Most Popular NFT Art Pieces of 2022

Below, we have listed the top 10 NFT art pieces that are holding the highest worth in 2022.  - Bored Ape Yacth Club - Crypto Punks  - Pudgy Penguins  - Decentraland  - Doodles  - Autograph.io  - The Galaktic Gang Collection  - Axies - Meebits  - Proof of Beauty Read the full article

[sensextoday]

Crude Oil Price: The Key To The Stock Market

The crude oil price hitting its all-time high since 2008. Crude oil price was up just over 20 per cent within the week. The average price of crude oil per barrel was touched the high of $130. This happened because the stock market was on edge with the first land war in Europe since World War II. The invasion of Russia over Ukraine plays a major role in this crude oil price hike. We all know that Russia is among the few countries that are the largest crude oil exporters in the world. It is hard for stock market participants to avoid the question that How the crude oil price affects the Stock market!? The crude oil price hike will impact the market in a negative way, but it is a good opportunity for us to buy more shares. But first, let’s understand how the crude oil price affects the market. Here we noted down several points where crude oil price has a very bad impact.

Current Account Balance:

India is the largest oil importer in the world. We import approximately 80 per cent crude oil of our total oil consumption needs. When the crude oil price hike it would drive up the values of imports. It increases our current account deficits. The current account deficit means the amount India owes to the world's foreign currency. Assume that the fall in oil price by only $10 per barrel impacts the current account deficit by $9.2 billion (approx. 920 crores). In another way, this amount is almost 0.43% of India’s GDP (Gross Domestic Product). So, when the oil price hike impacts India’s current account balance and the GDP also.

Currency Exchange Rate:

The value of every independent country’s currency is measured as its demand in the currency market. In our case, the demand of Rupee (₹) in the global currency market decides the Rupee value. It is highly dependent on India’s current account deficit. That we discussed earlier in the article. A high deficit means the particular country has to sell more of its currency to buy dollars to pay its international import bills. If the crude price marks an all-time high it means our fiscal deficit will decrease, Although Rupee become weak against the dollar. We have to sell more Rupee to buy dollars to import crude oil. It overall impacts our economy badly. Invest In Crude oil Impacted Stock On One Single Click

Petroleum Producers:

The hike in a global crude price may be beneficial to India. But how!? Because India is the sixth-largest exporter of petroleum products in the world. This industry earns nearly $60 billion annually. Any hike in oil price positively impacts petroleum exports. As we know that Asia’s largest petroleum refinery Reliance Industry produces and exports more petroleum than others. When oil prices are at the pick the exports of crude oil and petroleum products create a positive impact on the current account deficit and currency exchange rates. Every coin has two sides likewise when the cost of petroleum produces increases then the industries which use these products as raw materials have also impacted badly. Such as the Paint industry which uses petroleum products as raw material. So, when the crude oil price hike the profit of paint industries shrinks. So, it has both positive as well as negative impacts.

Conclusion:

The crude oil price will impact the market in a negative way because the country’s current account deficit increases and the Rupee becomes weak against the dollar. But, it’s a good opportunity for us to buy more shares at low prices. So, it has both positive as well as negative impacts.       Read the full article

[sensextoday]

Safemoon: Can It Make a Comeback in 2022?

Safemoon was launched in March 2021. And right from its birth, it has been positively capturing market attention. With its promising tag to reward long-term investors and a price upswing, it managed to make a breakthrough in its first year.  But as we have headed into 2022, the hype of the crypto is seen to be going down. In the market where people are investing in Dogecoin, Bitcoin, Ether, and Shiba Inu, it has become a bit difficult for Safemoon to grab investors' eyes. As the market price value of the digital coin is going to touch the resistance level, many are predicting that it can be a new start for it.  In this quick guide, we will try to explore the potential of the Safemoon crypto. With that, we will suggest to you whether or not to invest in Safemoon. 

What is Safemoon?

Like all the other cryptocurrencies out there, Safemoon is a digital token launched recently in the market. Along with working like other cryptos such as Bitcoin, Dogecoin, and Ether, Safemoon discourages rapid sales of coins by charging a 10% commission on each transaction made. The goal here is to encourage long-term investments. Also, the digital token tends to prevent greater losses when big investors decide to sell their coins.  Along with the continuous burn, Safemoon also offers manual growth which, according to the creators, helps in maintaining the supply of the coin. 

Some quick stats about Safemoon Crypto 

- After its launch, there are around 2.9 people holding this crypto, according to Utah Business - There are over 585.536 trillion coins in circulation right now, says CoinMarketCap - Currently, the crypto coin brings a value of $0.000002111 - The current market cap of this coin is near $1.236 Billion  - The crypto ranks at 210 in the market today

What's for The Future?

As the reports, Safemoon is all set to bring some exciting things for the people out there. This crypto was invented by a team of 6 leaders who curated new ideas to extend the value and the adoption of the coin in the market.  After the 1st quarter of 2021, the team size doubled and a marketing campaign was started. Now, the company is focusing on bringing some good stuff for the investors.  Here is a list of what you may get in the near future from the Safemoon team.  - The upcoming V2 launch  - A digital app - A crypto wallet, and  - Some crypto games  - Its own crypto exchange platform  This being said, we all would be keen to look forward to the growth of this digital token in the future. 

What's in The Upcoming Safemoon V2 launch?

After becoming the Crypto Community of the Year 2021, at the AIBC gaming summit, Malta, the digital token is all set to get upgraded to a newer version. This is called the Safemoon v2.  This upgrade will probably help the meme coin to reach a wider audience and increase its use cases. It is predicted that the Safemoon v2 upgrade will encourage more investors to try their hands on, leading to price increases in the future.  Only after the upgrade announcement, we have seen a 7.2% rise in the meme coin value.  The v2 upgrade brings a lot of features that include; - Making the digital token seamless - 2-click consolidation process - A web-swap option, and  - A QA option 

What is Preventing It From Being Successful?

Safemoon provides quite pleasurable and colorful decorations for the users. But when it comes to market business, they seem to be falling short.  The entire purpose looks like getting people to buy the crypto and then keep waiting for decades, hoping that the price will increase at the selling point. Apart from that, there are also some issues on the site such as integration with the African markets and Project Pheonix that haven't been solved yet.  The digital coin is too volatile and charges a commission fee of 10% on every transaction made. These also work as the disadvantages of the coin. 

Should You Buy Safemoon in 2022?

When you look at the past few months, crypto has recorded an ascent of around 86%. The current value of the digital coin is nearing $0.00000208.  However, experts say that there is a high chance of Safemoon making a strong comeback in 2022. If the meme coin manages to make an upswing of 55% to a price value of $0.00000321, it may come back into the market.  So yes, if you are really eager to invest in something unique, you should buy Safemoon in 2022.  Read the full article