Summer Splurge Damage Control 🏖️⛷️🤑
Hello Fam!
Summer is here, vacations are around the corner, the heat is hitting us, and how!! I know many of you might be thinking of traveling to cool it off in the mountains or hit the coasts if you’re a beach bum, so I have some interesting finance-fun info for y’all!
But before we get to it, you know the grind…
Market ka haal: Well, there's no easy way to say this, but it's been a week in the red for the Indian indices due to broad-based sell-offs resulting in significant losses. The American and Asian counterparts have also mirrored this trend, while the European market saw a glimmer of rise. ✨
The recent buzz surrounding a potential US Fed rate cut ahead of the FOMC meeting, along with the Central Bank of Japan's trend reversal, has had a notable impact on global sentiments, particularly in the Asian stock market. Additionally, factors such as weakness in the broad market, income tax planning as the current financial year draws to a close, and the strengthening US dollar have collectively contributed to the downward pressure observed in the Indian stock market over the past few days.📉💰
What I was up to: It's been a busy week as we've been planning with the A-team for the upcoming financial year, aligning our content, writing this newsletter, and struggling to beat the heat, all in all. Additionally, we have another super-exciting collaboration underway: I was invited to the podcast by Upsurge just yesterday, and we had a blast discussing personal finance for Gen Z. I can't wait for y'all to see and hear it!🎉
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Humara Gyaan: As summer rolls in and bonuses start to flow, our minds often drift to thoughts of luxurious getaways. While many dream of exotic destinations abroad, it's worth considering the wonders closer to home.
Take my recent ski trip to Gulmarg, for example. The dedication of the instructors was simply awe-inspiring. From 10 am to 4 pm, they patiently guided us through every ski lesson. What's even more remarkable? The entire day's experience cost me just about ₹3,500. Compare that to Europe or France, where a mere 3-hour lesson could set you back a whopping 350 Euros and that's a HUGE difference!
Now, if you're more of a beach baby like my husband Avinash, this is for you. Having earned his diving license in the Andamans, he swears by its unmatched beauty and affordability. He says the pristine waters offer the perfect backdrop for diving adventures, all at a fraction of the cost you'd not find elsewhere (about 1/3th to 1/5th of the cost, to be exact) and what's not to love about that?
Mota Bhai pinned Jamnagar on the world map, and Modiji's prompt inspired Bollywood stars to celebrate their weddings right here in India. Going local, perhaps, has something in it for you too! From snowy slopes to breathtaking beaches, India has it all. So why not dive into the treasures of our own backyard?
Until next time,
Niyati❤️
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