BUDGET 2022 CRYPTOCURRENCY REAL ESTATE STOCK MARKET

Budget 2022 has, as usual, brought excitement and expectation among the Indian middle class. Tax slab, standard deductions for the middle class' income has thrown water as there has been no increase in 1.5 L Tax savings. Long Term Capital Gain Tax has been enhanced and is going to be levied at a whooping 15% rate !!! This does not auger well for Real estate and the Stock market. Yet, Today's market has somewhat cheered the Budget 2022 in expectation of Govt's confidence in a boosting future of India. GDP rate has been improving, Factories are being operated in full throttle. So, Make-good-feeling larks in Dalal street.

The Union Minister has declared taxing Cryptos as asset class. This means exchange, trading of this currency is going to be recognised by the Govt. This will revert the bearish sentiment of crypto market. Stocks may see temporary run up, but in the near term to mid term, liquidity is going to be dried up as the US Fed and India's RBI are eventually going to begin Tapering sucking the liquidity from the system. Besides, a better sentiment in crypto market will divert the liquidity from the stock market in this direction. The Robinhood investors will soon divert their attention to gain and make quick bucks in the cryptocurrency trading. The trading and Depositary Crypto platforms have introduced Fixed deposits in INR while keeping the purchased Cryptos in the stock for the investor. Hence, while one will enjoy the possibility of crypto bull market, one may still earn FD  rates on their crypto holdings. It's a double edged benefit.

I think the Real estate will start booming soon. When GDP increases, Interest rates are also hiked by the RBI. Such a situation arrives when employment starts being generated and people start having surplus money through a reviving economy. Real estate, every 9-11 years, undergo a bull and bear cycle. Since 2011 bull ended and bear rule began in Indian Real estate scenario. I guess the market is going to bottom out in matter of next couple of years soon.

Stock market bull run happens even during the most bleak economic condition in anticipation of a better economy and increasing GDP sometime soon. Indian stocks showed exponential increase from mid 2020 to early 2022 . But, Real estate starts moving up when the economy actually starts showing healthy increment. We're going through this situation now in the beginning of 2022. This is when the Real Estate is at the rock bottom, Stocks are insanely valued, economy is showing the green soot.

It's the right time to buy a Real estate at a cheap price as within a span of three to four years, their price will zoom up. Resale properties are being sold at a throw away price. New properties will quote much higher prices as their cost of material and labour charges are very high now.

New stock market entrants should step cautiously as another 10-20% correction in Nifty is possible any time around. One may deploy 10% of one's disposable investment in cryptos and then keep investing little to the extent of only 5% of their monthly income. It has a potential to give very good returns in near future.

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ATTENTION ECONOMY – FUTILITY OF NEWS ENTERTAINMENT VIDEOS OTT - POVERTY AND UMPLOYABILITY

 20 years ago, when I’d visit a friend’s house, he’d sit talking to me over sweet nothing without distraction. We’d occasionally be served tea, snacks and the Addda would snowball into a congregation of 8-9 young people. When we’d visit our relatives’, they would be busy entertaining us ruminating over our common past and heartily cracking jokes. When, after a day’s heavy engagement, my father would return home, we’d sit together to exchange our day’s happenings among us. Thus, we’re counselled by our parents and our interpersonal bondage would grow. We had emotional attachments. We actually came to the rescue of anyone who were in dire situation or digressing from moral, ethical path.

On the contrary, today we find people sitting in a place together not talking to each other, rather engrossed in their respective mobile phones. Father has lost connection with the other members of the family, ditto with other people in the family. They do not have an iota of an experience and knowledge to guess as to how and where the young members are being led to.

Human sensitivity is evidently found lacking in today’s world. Moral and emotional values are eroding. Children, in some cases, are sky rocketing in their career, earning well and are seen settled in life apparently. But, inwardly, they are unhappy, having intense counselling under some psychologist, undergoing monitoring under a psychiatrist, consuming pills every day to keep their outward mental balance. Most of the young couples are queuing up in the Doctor’s chambers for IVF babies, for they are incapable of begetting babies naturally. The very root of pleasure and sexuality are dropping down among the young couples. They are earning in millions, but are unhappy. Lawyers’ services are pressed into action either to reconcile or litigate between the young couples.

Over obsession with competitive careerdom together with virtual lifestyle have its toll on these unfortunate souls.

Where do they spend time in the virtual world? Let us begin with the people in their forties, fifties. They are addicted to news. What are contents of this news? Are they of any practical help in the life of these people? I doubt. These middle aged people might have, instead, generated their second source of income, a mode to obtain value’s call in life or get recognition, do charitable work to their satisfaction, persued their hobby to their heart’s content, had they prudently employed their time. It’s time for them to prepare for a life of happy retired life. It may be augmented by securing their existence with a view to have surplus corpus that could support them until their nineties neutralising the adversity of inflations and economic volatility.

This may, for them, be done if they hone their talent, prune their hobbies, interests and keep themselves upgraded by way of reading educative books, seeing videos, surfing the net productively to learn more with a focused mind instead of seeing useless news items.

Coming to housewives. They are seen enjoying hours together on social media platform chatting, seeing OTT entertainments which, in no way, is going to enrich them. They are hooked on Facebook,  Tiktok, Reels, Youtube goggling up at the screen at  sweet-nothing-kind of production. The creators earn, they lose their time. They might have concentrated on building and enhancing relationship among family members, looking after and encouraging them to go and get more from the world. They might have started doing small enterprises like cooking, knitting and fashion, singing, dancing, teaching kids etc. Such efforts would have augmented their family income add up to their value. To achieve this, they must tear themselves from these purposeless entertainments and focus on enhancing their quality.

Children are the most effected lot. They are lost in Reels, movies, Cartoons, Games. They need to employ their time more constructively. It’s, unfortunately, they who lose it the most. It’s their time to enlighten themselves with the knowledge of Finance, Sports, Careers and professions. It’s time for them to educate themselves into the new modes of earning, new technologies and how these can be turned into generating wealth.

Until we get our elders to recognise this and push this in secondary education syllabus on pragmatic use of mobile phones and internet, there is no scope of brightening our children’s life, let alone guide them.

[By profession this author is a 38 years' experienced private tutor. Visit  https://www.dbhattacharjee.com to know more.

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GEOPOLITICAL TENSION ACROSS RUSSIA UKRAIN--MARKET TANKS, CAUSE FOR WORRY ??

 Sensex and Nifty with Dow have been showing weakness. Already market has been slashed by about 10% from its recent peak. Is it time to worry?

War has always been a very very lucrative business since time immemorial. It provides opportunity to fish in muddy water. It helps people in power to divert commoners' attention from the murky politics. This, in turn, gives them time to incite nationalism and send the young to death. Shady deals in politics happens across the globe. That's why there is so much competition to go to the top in politics. War game provides the politicians to enrich themselves by the way of weapon-buying and the associated kickbacks.Remember the figure, worldwide, is in trillions. Without putting up hard core business or spending laborious time in profession, politicians make billions of dollars. Their heirs can spend life for seven generations to come. That's why war is so necessary.

Coming to economy. Disruptions happen while war happens. Supply chain is damaged. This leads to panic and inflation. This leads to increase in the price of Gold in short term. Real estate tanks even lower. Stocks become jittery. It's time to fish in muddy water for the Hedge fund managers and make shady deals with the cheap companys' promoters. Money is made in trillions while commoners, again, lose.

It's always the ordinary investors who lose and clevers make money. Question is, when in a wartime situation can this happen? It happens only when trade sanctions are placed among the countries  as a retaliatory measure. Can US, Russia EU afford trade sanctions at this moment? I doubt. Because inflation at US ids all time high at 7%. It'll shoot through the roof if sanctions are put in place. Hence, to my mind, it's going to be temporary phase to make money.

[By profession this author is a 38 years' experienced private tutor. Visit www.dbhattacharjee.com to know more.

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