• ISBN13: 9788126934072
• Binding: Paperback
• Subject: Business Management
• Publisher: Atlantic Publishers & Distributors (P) Ltd
• Publisher Imprint: Atlantic
• Publication Date: June 3, 2023
• Pages: 330
• Original Price: INR 550.0
• Language: English
• Edition: N/A
• Item Weight: 320 grams
• BISAC Subject(s): General

Very few of us understand money in its totality and true essence. The book presents a wholesome perspective about money and how to handle it with due care and prudence, without developing an obsession for it. The approaches suggested here are simple and practical for a common investor to comprehend and follow. The purpose of investment is to develop adequate financial security by way of wealth creation, that eventually leads to freedom all of us aspire for. The route to the freedom from money, therefore, is through the money—you have got to be in total control of your finances to be eventually free from money. The ideas presented here are simple yet insightful, and often question the conventional wisdom on logical grounds while offering a more rational explanation for practical use by common people and ground level professionals alike.

Dr Rajiv K. Tayal, B.E., M.E., Ph.D., and Diploma in Project Management, has a long and distinguished professional career of forty years in industry and government in techno-managerial roles across multifaceted functions of policy framework, scientific research, innovation and technology development, and commercialization. He has worked at several senior positions in government organizations, including leadership roles in two most prestigious institutions in the Indian Science and Technology eco-system—as Executive Director in the Indo-US Science and Technology Forum (IUSSTF) and as Secretary in the Science and Engineering Research Board (SERB). He is a Certified Assessor for ISO 9000 Quality Management Systems, Certified Assessor/Trainer for Laboratory Accreditation Systems, and Certified Assessor for Environment Management Systems. Finance, Investment, and Taxation has been a personal passion for him from a very early age which he practiced concurrently both inside as well as outside the mainstream profession for the last forty years, almost as a second career in an informal way. The knowledge, wisdom, and experience that he acquired during the course of his life journey in personal finances and investments are aptly captured in the book.

• Preface
• Acknowledgements
• Abbreviations

• Section – I: The Concept of Money

• 1. What is Money
• 2. Why Money is Important
• 3. The Four Quadrants of Money
• 4. Money and the Choice of Profession
• 5. The Most Important Dimensions of Money

• Section – II: Savings and Investment

• 6. Importance of Savings and Investment
• 7. Role of Deferred Gratification
• 8. How to Control the Expenses
• 9. How Much to Save
• 10. Too Little versus Too Much
• 11. Capitalism and Financial Choices
• 12. Right Understanding about Money

• Section – III: Overall Framework of Investment

• 13. Quality of an Investment
• 14. Sound Strategy and a Good Investment Plan
• 15. Personal Proficiency versus Expert Advice
• 16. Classification of Assets and Asset Allocation
• 17. Avenues and Options for Investment
• 18. Management of Risk and Diversification
• 19. Risk Profile and Asset Allocation
• 20. Expected Rate of Return

• Section – IV: Landscape of Investment

• 21. Investment in Debt Instruments
• 22. Investment in Equity
• 23. Why to Invest in Equity
• 24. Investment in Gold
• 25. Investment in Real Estate
• 26. Investment in Insurance Products
• 27. Loans and Borrowing

• Section – V: Investment in Equity

• 28. Options for Investment in Equity
• 29. Initial Public Offerings (IPOs)
• 30. Mutual Funds
• 31. Index Funds
• 32. Direct Investment in Equity
• 33. Systematic Investment Plans (SIPs)
• 34. Trading and Investment

• Section – VI: Stock Analysis for Investment

• 35. Margin of Safety
• 36. Valuation of Stocks
• 37. Important Parameters and Ratios for Stock Analysis
• 38. Approach to Stock Investment
• 39. Simple Strategies for Stock Picking
• 40. Risk and Reward
• 41. Overperforming the Benchmark Index
• 42. Buy, Hold and Sell Recommendations
• 43. Cost Averaging and Sunk Cost
• 44. Timing the Market

• Section – VII: Practical Wisdom About Money

• 45. Personal Choices and Financial Prudence
• 46. Value of Time and Mind
• 47. Rich People and Poor People
• 48. How Much Money

• Section – VIII: Money and Other Dimensions of Life

• 49. Money and Sense of Worth
• 50. Money and Happiness
• 51. Purpose in Life
• 52. Feeling of Abundance
• 53. Attitude of Gratitude
• 54. Giving and Sharing
• 55. Virtue of Contentment

• Section – IX: Historical Perspective and Way Forward

• 56. Emergence of Equity Cult
• 57. High Interest Rate Regime
• 58. Way Forward
• 59. Revisiting Investment in Gold
• 60. Making Sense of Past Data
• 61. Inferences for the Future

• Section – X: A User’s Roadmap to Investment

• Section – XI: Final Word

• Index