Finance
This Mother’s Day, Choose Finance Over Flowers, Gift Her the Best Investments Money Can Buy
Aai. Ammi. Amma. Mumma. Mai
No matter the way you select to deal with her, moms are a continuing supply of consolation, selfless love, greatest recommendation and soul-satiating meals. And whereas she deserves a celebration every single day for all that she does, the world singled out Might the eighth so that you can present your appreciation.
And should you’re uncertain about what to get her, or it has merely slipped your thoughts, it’s not too late. However transfer over merely scrambling and placing collectively the usual present ensemble of a bouquet, jewelry, day-out and muffins.
Take some gifting cues from standard content material creator Anushka Rathod, who lately helped her mom work out all property, liabilities and insurance policies she needed to her title.
“Though my mom handles the administration of family bills and budgets, she is totally oblivious to the opposite very important monetary affairs. And for that cause, I helped my mom work out all finance-related issues in her title in addition to my father’s. This ranged from the reason on the working of monetary devices to en-cashing property in case of emergencies,” she says.
Certainly, what higher present than one thing that empowers and instills confidence in her, notably in issues of cash? Even one thing as small as instructing her the way to use net-banking options can go a good distance.
And like Anushka’s mom, you probably have additionally seen your mom being passive in points like investments, insurance coverage covers and extra, it’s time to vary that, beginning at the moment.
Spend money on Her, Make investments With Her
Take a more in-depth take a look at your mom’s funds. Does she manage to pay for saved for contingencies? Does she have a separate fund which is simply hers to spend? Whether or not she desires to take a solo journey or enroll for theatre lessons, having this cash put aside would give her the independence she deserves in uninhibitedly pursuing what she likes.
One of the best ways to begin off on this course is to begin an SIP (Systematic Funding Plan) for her. A small quantity dedicatedly invested each month might finally turn out to be the gas on your mom’s goals.
Says Archit Gupta, Founder and CEO of Clear, a fin-tech firm: “Whether or not it’s the ability of compounding, negating rupee-cost averaging or comfort, SIPs when invested in over a big time period generate actually good returns. These returns may also help your mom obtain her monetary objectives and dwell a life she enjoys.”
Moreover, you may as well take into account shopping for her shares of the merchandise she makes use of, identical to content material creator Shreyaa Kapoor did.
“As an alternative of shopping for her favourite issues, why not purchase shares of those firms as a substitute? They won’t solely recognize in worth over time but additionally spark an curiosity within the artwork of investing. High this up with a dialogue across the significance of investing and you have your self the best present for mom’s day,” she says.
What’s extra, you may as well open a senior citizen financial savings scheme account in your mom’s title.
“It’s a nice funding choice if she is above the age of 60. The scheme provides a superb charge of return (presently at 7.4%), which stays fastened for a five-year interval after the cash has been invested. The curiosity is obtained from the scheme each three months with the higher restrict for every particular person being Rs 15 lakh,” explains Gupta.
And should you’re nonetheless searching for choices, you’ll be able to at all times give her the present of monetary training. Nema Buch, private finance strategist and founding father of Wishing Tree, a monetary advisory, states: “When it comes about investments in property class comparable to fairness, our moms are woefully unaware. However by searching for required monetary data from the authorised sources together with some change within the mindset, she will get higher.”
Her Well being is Your Precedence Too
Each baby desires their mom to be immortal. Effectively, you’ll be able to positively be certain that she stays within the pink of well being. And nothing, not even draining medical bills, ought to are available in the best way of that.
First, take her on that long-due full health-checkup. Then, you can begin by renewing her medical health insurance. If she doesn’t have one to her title, get her one instantly. A great medical health insurance plan will assist cowl all the prices of future hospitals visits and remedy. Additionally, take the time to determine and clarify to her the nitty-gritties of her insurance coverage add-ons comparable to vital sickness cowl, OPD care, room hire waiver and extra.
And all younger and to-be moms must be equally cautious of their well being.
Nema Buch has some recommendation. “Motherhood is superb, however adjustments in life and life-style will be overwhelming. If homework is finished on the monetary planning aspect, then younger moms can focus fully on the child and herself for at the very least a yr and don’t have to be pressured about all of the bills related to it, together with post-partum self-care.”
Learn all of the Newest Information , Breaking Information and IPL 2022 Dwell Updates right here.
Finance
Recruiting Journeys | Finance: Max Yamamoto ’24, Dimensional Fund Advisors
What was your recruiting journey like?
In the first year of my MBA, I applied to internship positions at investment management firms. Unlike consulting or investment banking, the process is not very structured. I found a bunch of firms by doing research on the internet, utilizing a list of employers created by the Career Development Office (CDO), and making cold calls to alumni or people inside the company. I applied to about 50 internships, and eventually landed one at Dimensional Fund Advisors.
I didn’t immediately get a return offer at the end of my summer internship. When I returned to SOM in the fall, I started to re-recruit for full-time jobs, but ultimately a position opened up at Dimensional Fund Advisors, and I accepted a full-time offer.
Which SOM classes prepared you for your current role?
Quantitative Investment, a core class for the Master’s in Asset Management program taught by Professor Toby Moskowitz, teaches you to research financial markets with a quantitative review. It’s directly related to what I’m doing right now, and has been very helpful. Another important core course was Asset Pricing Theory, taught by Professors Saman Majd and Jeffrey Rosenbluth; we learned how the market works and how you should view the market based on mathematical or financial theory. A third course is Employer, which is now called Workforce. What I learned in that class helped me understand how a company works, and prepared me to navigate professional culture in my internship and current role.
Finance
Financial Services Legislation Is in the Spotlight as the 119th Congress Settles In | PYMNTS.com
The 119th Congress has now been seated, and is poised to consider, to take up — or to scuttle — financial services legislation that may touch on everything from credit cards to earned wage access (EWA) to digital assets.
The incoming majorities belong to the Republicans, of course, and it’s no secret that president-elect Trump and other members of his party have expressed misgivings about the Federal Deposit Insurance Corp. (FDIC) and the Consumer Financial Protection Bureau (CFPB), and the roles and scope of those agencies are as yet undetermined.
The House Financial Services Committee now is being chaired by Rep. French Hill, R-Ark. The Senate Banking Committee is being chaired by Sen. Tim Scott, R-S.C.
What May Be Up
As for what may still be considered “outstanding”:
Front and center will be what happens with the Credit Card Competition Act. It’s been a long road for the CCCA, which, among other things, would enable card payments to be routed over at least one network that competes with Mastercard and Visa. Since being introduced in 2023, the act has been stalled in Congress, and should it be taken up again, there’s no surety that it would make it through into law, but it may indeed come up for debate. Now vice president-elect JD Vance had signed on to the bill.
At issue will be the ways in which the bill would change the dynamics of the card industry. Supporters say that the routing provisions would open up competition. But as Karen Webster noted in a recent column, “Notwithstanding a lack of understanding of how dual routing would work for credit card transactions, the flaw in Sen. Durbin’s bill is a lack of understanding of how the current credit card ecosystem works. And, more fundamentally, how platform ecosystems ignite and scale — and are monetized.”
Separately, the Earned Wage Access Consumer Protection Act would define EWA providers and sets strict operational boundaries, specifically regulating both employee-sponsored programs and direct-to-consumer offerings.
Digital Assets
There have been various attempts to have legislation that would set frameworks for digital asset markets to be structured. One bill, the Financial Innovation and Technology for the 21st Century Act passed in the House but did not make it through the Senate. The act would, among other things, set standards for digital assets and consumer protections, and segregation of funds.
Crypto and artificial intelligence (AI), of course, will also be on the agenda.
In an interview with PYMNTS, Mike Katz, a partner in Manatt, Phelps and Phillips Financial Services Group, said that “despite the razor-thin Republican majorities, there is a growing bipartisan consensus in Congress around the need for thoughtful, innovation-focused crypto and AI legislation,” adding, “It will be interesting to see if any digital asset bills are part of the tax-and-border-focused reconciliation package already being discussed in Congress. I’d expect a strong stablecoin bill to move quickly given existing bipartisan support.”
And he added: “Keep an eye out early in 2025 for a repurposed or chopped up version of the pro-crypto bill FIT21 [which passed the House with a large bipartisan majority in May]. Regardless of form or timing, new legislation will finally provide clarity on the questions of whether crypto assets are ‘securities’ or ‘commodities’ … and on which regulatory authority is charged with oversight.”
Finance
Protecting Your Future: How Cognitive Decline Affects Financial Decision-Making | University of Denver
RadioEd co-host Emma Atkinson sits down with medical doctor and finance expert Eric Chess to break down why financial decisions can be an early indicator of cognitive decline.
Podcast •
News •
Hosted by Jordyn Reiland and Emma Atkinson, RadioEd is a triweekly podcast created by the DU Newsroom that taps into the University of Denver’s deep pool of bright brains to explore the most exciting new research out of DU. See below for a transcript of this episode.
Show Notes
As we get older, things change. Our priorities shift, viewpoints and opinions evolve, and our bodies—and brains—age.
Many of these changes are good—we can celebrate the process of aging as one that invites wisdom and joy. But there are natural consequences of getting older, and one of those consequences is cognitive decline.
Eric Chess is a former medical doctor who has also earned degrees in law and business. Chess is the director of the Paul Freeman Financial Security Program at DU. He seeks to identify the earliest signs of cognitive impairment—and works to protect the lives and financial assets of older people experiencing cognitive decline.
Dr. Eric Chess is a physician, lawyer and professor with a focus on prevention, comprehensive well-being, financial security and older adults. He has over a decade of
experience in internal medicine practice (board certified), as a hospitalist and as an outpatient physician. He is currently a Clinical Professor at the University of Denver’s Knoebel Institute for Healthy Aging, serving as the founder and director of Aging and Well-being/The Paul Freeman Financial Security Program. Additionally, he serves as an adjunct Professor at the University of Denver’s Sturm College of Law and Daniels College of Business. Dr. Chess has an undergraduate degree in economics and political science, and a graduate law degree with experience as an attorney and economic consultant.
The Knoebel Institute for Healthy Aging creates and implements solutions for aging issues through multidisciplinary research, education and outreach by serving as an information clearinghouse for media on matters related to aging; educating and training a diverse workforce to serve a rapidly aging population; and promoting innovation, research and business development related to aging.
The Paul Freeman Financial Security Program combines the expertise of faculty, researchers and students at the University of Denver. Their interdisciplinary team of researchers in law, finance, psychology, social work, business, neuroscience, and medicine is led by Eric Chess, MD, JD. Goals of impact include four main areas: Research and Development; Outreach and Collaboration; Education; and Policy. Part of the program’s core mission is to address the need for more impactful solutions regarding financial exploitation and fraud of older adults. Target areas currently include developing a financial vulnerability scale, leading a state-wide collaboration, developing a financial-protective team legal instrument, and addressing the significant transfer of wealth affecting older adults and potential future generations and clients.
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