As we approach Dec 2016, there will be the flavor of “taking-resolution” season. Everyone will want to make a resolution. In fact, not one but most people would have a list of resolutions. As per Time.com, health-related resolutions comes as top most broken resolutions for a major number of people.
Buckets are such a tools which we have been using from generations. It’s very simple to use. We use buckets for water, popcorn and what not. Today I propose a theory around buckets called “Bucket Theory” for tax planning in India (and similar tax structure countries).
A few days back one of my good friend, let’s name him Amit, asked me a generic question, what’s your thought on Realty Property as an investment? My answer was very simple, Property is meant for consumption. As per his facial expressions, I could understand my one liner answer was not something he was looking for and he was certainly not satisfied with that answer. For obvious reasons my one liner answer arouse many questions and it became a big lunch time discussion topic.
A few weeks back one of a good friend of mine, let’s name him Amit, approached me for some investment advice. At first, I felt honored to guide someone on their investment objectives. As we have been together from past more than 3 years I have had a fair idea about his risk profile. As per his risk profile, I did suggest him a fund to invest, but as fate would have it, few other good friends suggested him few aggressive funds to invest and at the end he was lost in the jungle of suggestions. Analysis Paralysis bug had bitten him. On following up after few days I was shocked to know that he decided to go with Recurring Deposits and discarded all suggestions. I could understand why he did so, he did not want to waste time as his investment objective was time-bound.