BLOOMING INSIGHTS

Yes! You read it right! Bill Hwang lost $ 20 billion approximately 17000 crores in INR in just two days. Isn’t that shocking? Just imagine the number of days and efforts he would have put in to earn that sum. The sum aroused curiosity among people to know what exactly happened. Let us understand the entire scene. About Bill Hwang He was a South Korean refugee who took up an English name in America and had several years of experience in managing the portfolio of investors. Due to his risk-loving attitude, he faced several difficulties in his career. However, on the other hand, Hwang was a philanthropic person who donated almost all his income to charity and co-founded the Grace and Mary foundation that helped many needy. About Archegos Hwang created the Archegos family office for his own family without any outsider in it in 2013 by renaming Tiger Management. As of 2020, The family office had $10 billion under management. A family office is a private company that manages wealth for a wea

As individuals, we all have many financial goals like owning a house, going for a vacation, having a lavish marriage and creating retirement corpus. All such goals are achievable if we have a proper financial plan in place. Personal finance assists us in tracking our cash inflows and outflows, saving and investing our surplus money wisely, and in turn fulfilling our individual desires. Without a plan it wouldn’t be easy to fulfill our needs within the financial constraints. Although the sooner you start, the better it is, but, it’s never too late to create a financial plan for yourself and your family’s financial security. We hereby provide some financial tips for your financial well being: Create a budget  If you want to live within your means and achieve your goals, you should create a budget for your finances. You must have heard of 50/30/20 budgeting method which is very effective in managing your money. It goes like: •       Fifty percent of your net income should be spent