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X @The Economist
The Economist· 2025-08-01 23:00
America’s currency, shares and bonds all plunged after the Liberation Day shock, but they have taken Donald Trump’s encore in their stride. These charts show how the damage will be distributed the second time around https://t.co/WzoXf1KtrU ...
The Financial Mess in India: A Way Forward | Pratiksha Pai | TEDxPodar Intl School Sangli
TEDx Talks· 2025-06-30 16:48
Financial Awareness & Education - Financial knowledge is crucial for navigating job insecurity, career gaps, longer lifespans, and managing inheritances [6][7][8][9][11][12][13] - Indians are hesitant to discuss personal finances, leading to approximately 200 billion rupees (2 lakh crore rupees) unclaimed in various financial instruments as of April 2025 [3][4][5] - Financial literacy can be improved through discussion and education, especially within Indian households [2][3] Investment Strategies & Management - Individuals should inform family members about their investments to ensure funds are accessible during emergencies [14][15][16][18] - Access to investments is critical; families should have a way to access funds in emergencies, such as maintaining a password-protected record of credentials [19][20][21][22][23][24] - Nomination is essential for investments, as it provides legal access to investments after the investor's passing, preventing them from becoming dormant [25][26] - Emergency funds should be built based on age and life stage, ranging from 3 months of expenses in one's 20s to 1 year in one's 50s [28][29][30][31] - Emergency funds should be parked in easily accessible avenues like savings deposits or liquid funds [32] - Instead of liquidating investments during emergencies, consider pledging them to obtain a loan, ensuring the asset remains under ownership and continues to appreciate [33][34][35][36][37] - Seeking professional financial advice is crucial to align investments with individual risk profiles and financial goals, rather than making decisions based on incomplete knowledge or copying others [39][40][41][42][43]