Should you fear the All Time High ?

Special LIVE to Celebrate Mi India Top 10

We have a special - data packed - LIVE discussion tomorrow at 11 am to celebrate Mi India Top 10's 2nd anniversary !

Date : 03 Aug 2024

Time : 11 am

Click on this link to get notified when the session goes LIVE.

Looking forward to having you all there !

Reading Time : 4 Minutes

Today’s Daily Byte

It's been quite an eventful day, not just locally but globally. The Japanese market has crashed very hard today, down nearly 6%, marking the worst day for Japanese stocks since 1987. This has had repercussions all over Asia, initiated by the Fed's indication of a rate cut a couple of days back. Although the rate wasn't cut that day, the statement that a cut is likely in September led to falling yields, which caused the carry trade in yen to unwind. We'll discuss this in more detail in the middle of the session.

The main subject I want to address today is a lesser-known index that many people are missing. We'll discuss some data about this fantastic index in the video

Reading Time : 4 Minutes

Don’t fear All Time high

There’s a fascinating chart that shows the S&P 500 index over the last 70-80 years. This chart highlights the days when the market reached all-time highs and how the market performed afterward. The common fear is that investing at an all-time high means you might get stuck if the market drops. But data suggests otherwise.

The chart shows that if you invest at an all-time high day compared to any other day, the outcomes are. . . . .

Reading Time : 4 Minutes

Inflation – A secret Tax

The recent budget changes have removed indexation benefits on real estate, highlighting a crucial point: we cannot ignore inflation when discussing taxation. Indexation is logically right because it adjusts for inflation, ensuring that people are not taxed on illusory gains.

Without it, the government seems to be taxing individuals unfairly, even when they haven’t made real profits. . . . .

Reading Time : 3 Minutes