We Cancelled Our New Year Resolutions!
Hello!!
December really went by in a flash, didn’t it!? We were planning our monthly content calendar a second ago and in a jiffy, we’re now in the last week of December with only a few days to go until New Year!
Usually, during this time of the year, everyone reflects on the year that went by and suddenly starts thinking about New Year Resolutions! To be honest, this year Sayali and I have taken a hard stand to stay away from all these “New year, new me” decisions because a few weeks into the new year, it's always been “New year, same old me”
Not to say that we aren't going to better ourselves personally and professionally, but hey, no pressure this year!
1. What we were up to: We have a very special announcement underway and we will be revealing it in Jan! Most of our week was spent planning and shooting content around this but it's not our usual video format!!! Wanna take a guess? Hit reply and let us know!
2. Market ka haal: The market was a rollercoaster again this past week, corrected almost 950 points and is now showing signs of tiny recoveries! I don't know what’s with COVID but it always seems to be making a comeback this time of the year to stir the markets!
3. Humara Gyaan: This time around we wanna talk about something different! Alternate assets, more popularly known as “new age investments” All the savvy investors are talking about them lately, but what are these alternate assets?
We met our dear friend Ankur Jhaveri through LinkedIn and here’s what he says:
“Basically, any product that’s not your typical product like stock/mutual fund/gold etc is said to be an alternate asset (or alternative asset). So options like antiques, wine, coins, art etc. are alternate assets. Then, we have another species of financing products that are alternate assets. These have terms like lease financing, invoice discounting, debt financing, P2P lending etc.”
Sounds a bit complicated na? But the fun of making these investments is that they deliver non-market-linked, inflation-beating returns!
Our take on these is simple: like Spiderman's uncle, Ben says "With great power comes great responsibility" and with great returns comes great risk! These assets seem to be riskier than vanilla investment options, so it's absolutely important to vet them carefully and then decide if they hold a place in your portfolio. Typically, we suggest using the core-satellite method for assets like this: the core is made up of traditional investment options like stocks, bonds, gold etc and once the core is strong enough, alternate investments could be considered as a part of satellite investments!
If you wanna know more details about these investments head over to Ankur's newsletter. He simplifies finance in a way that even a 10-year-old could understand.
That’s it from us for this week! What are your thoughts on new-age investments? Would you like us to cover them in more detail in our future newsletters?
Until next time,
Niyati
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