Tuesday, October 12, 2021

How to read market trend and not wait for official inflation and interest rate data,without any financial knowledge?

You don't need to be market expert to read the trend.Why do you want to wait for RBI to declare inflation rate and trend and then take a call on investing accordingly?

One just needs to be aware enough on-

A- is your own spending in new list of items adding or increasing (variable/unknown like vacations, repairs, irregular purchases of clothes/accessories/household items etc.)?

B- is your outflow on regular fixed spending increasing (known like milk, electricity, society maintainance, school fees, cable, internet, vegetables/grains/pulses,travel expenses etc)

C- while talking to near and dear ones are there such spending also increasing? (colleagues, friends, relatives, society members etc)

If your own responses to all the above 3 are 'YES' , the the inflation is already moving up and RBI will take 1 to 3 months to report the same.

This YES will also give indication that the banking interest rates will also start moving up in 3 to 6 months.

Keep it simple.
No need to be expert in reading markets and market technicals.

Happy Investing.
Happy Life Journey travel.....

#inflation #financialfreedom #financialplanning #couplesgoals #travelgoals #lifegoals

0 comments: