Wise Investing

 Six investment myths/mistakes you should ignore    When you are a new investor, you must ensure to avoid falling into the trap of investment myths that swirl all around us. Let us find out what those myths are    As a new investor, when you ask about good market strategies, the experts may give you several ‘truisms’, which may not actually be true. So, you should be quite careful as you begin your investment journey. In fact, what perhaps you believed to be the key tenets of the investment may turn out to be investment myths.    Let us shed light on the six investment myths that you must ignore:    1. Waiting for the market to fall before investing: It is often believed that investors should buy the stocks at the right time when they are trading lower. Although this is an ideal thing to do, sadly no one knows the right time. So, if the stock you want to buy is available at the right price, you may buy it. If you wait too long, you may not ge...

 What is US dollar index? The US dollar index is used to measure the value of US dollar against a basket of six major worth currencies of the US’ significant trading partners. These currencies are Euro, Swiss Franc, Japanese Yen, Canadian dollar, British pound, and Swedish Krona. The value of the index an indication of the dollar’s value in global markets. A higher reading means a stronger dollar.  The dollar index was established in 1973 after the Bretton Woods Agreement dissolved with a base of 100.  The Euro makes almost 57.6 percent of the basket and is the largest component of the index followed by Japanese Yen with 13.6 percent. GB Pound has 11.9 percent weightage, Canadian dollar 9.1 percent, Swedish Krona 4.2 percent and Swiss Franc has 3.6 percent weightage. How does it affect Indian markets? The Indian rupee (INR) is not included in the basket of currencies in the dollar index However, any change in the index has an impact on the rupee as well. The appreciation ...