Today was a special day because there is cricket match which is still going between India and Pakistan. Currently it seems like Pakistan is going to win the match and truly India need a miracle to win this one and I am hoping for that miracle. Pakistan had never won a single World Cup match against India and it seems like history will end today.

India lost the match. Special day turned into a bad day. This is the first time India lost a T20 match with 10 wickets. Little sad but tournament is big and hopefully we will win it. Now there are going to be a lot of memes and jokes about it, so I am just hoping that I will be able to successfully ignore them.

Good part today was that I took some investment related decisions I just hope that they turn around well. I am hoping that I will be able to convince my parents for this because they are not used to "Term Insurance" plans.

My parents are used to getting return when we are alive. They have always considered insurance as if you die you get some money and even if you don't die you get some money. Life Insurance products are not primarily designed like that, they are designed to secure your family if you die. That's the primary goal and I am completely in favour of that. In India Endowment plans are more popular, in these plans what happen is: If you die a very less cover is offered to your family and if you survive till the insurance period then you get return around 6% P.A. This is way too less. You can easily earn about 12% to 15% return in the stock investing or in mutual fund and even if you are taxed on your return let's assume 25%(If tax rates goes up in the future, currently it is around 15%) still you are making far more return as compare to your Endowment plan.

So today's learning: "Learn how Finance works and decide your investments."

Have a Great Day

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