Kapriraj Bhatia

By Kapiraj Bhatia Investing wisely is essential to building long-term wealth, especially in a stable and opportunity-rich market like Canada. For beginners, two of the most accessible and cost-effective investment options are ETFs (Exchange-Traded Funds) and Index Funds . In this guide, Kapiraj Bhatia breaks down what these funds are, how they work, and how Canadians can start investing in them today. What Are ETFs and Index Funds? 📊 ETFs (Exchange-Traded Funds) ETFs are investment funds that trade on stock exchanges, much like individual stocks. They are designed to track the performance of a specific index, sector, commodity, or other assets. Benefits of ETFs: Low fees High liquidity (buy/sell anytime the market is open) Built-in diversification 📈 Index Funds Index funds are similar to ETFs in that they also track a market index, but they are purchased through mutual fund companies and are priced only once per trading day. Benefits of Index Funds: Great for passive in...

  By Kapiraj Bhatia In today's fast-paced financial world, understanding the psychology behind our monetary decisions is crucial. As Kapiraj Bhatia, a Chartered Professional Accountant and financial educator, I've observed that our relationship with money is deeply rooted in our emotions, experiences, and perceptions. This article delves into the psychological aspects of money, offering insights to help you make informed financial choices. 1. Emotions Over Logic Financial decisions are often driven by emotions rather than logic. Fear, greed, and overconfidence can lead to impulsive actions, such as panic selling during market downturns or overspending during economic booms. Recognizing these emotional triggers is the first step toward making rational financial choices. 2. The Power of Compounding Albert Einstein reportedly called compound interest the "eighth wonder of the world." Understanding and leveraging compounding can significantly impact your wealth accumulati...