2021 is almost over, as we head towards 2022. I want you all to focus on these key areas in 2022 that are (Yourself, Passive Income, Mental Health, and Health) lists are short in this article. And, I truly believe that this shortlist will be a guiding light towards a new you.

When you invest in yourself, it gives you the best return. Because no one can take away what you have learned. And more and more you invest in yourself. Whether, learning through courses or books, or mentorship, It not only compounds together, and brings the best return in the future. You can use it anytime, you want as it stays always at your disposal to be used anywhere you need.

Invest in yourself -

Until and unless if you don't have passive income. You will have to work till your last breath. When you earn money while you sleep is the beauty of passive income. You can make passive income, by investing in Stocks, doing Affiliate Marketing, selling courses, or selling eBooks. Or it could be Real estate. And the list goes on.

Learned, how passive income works

There is one beautiful line from a dying Entrepreneur " I have money, cars, and private planes and I can do and go anywhere I want. But, my health is not with me anymore " We neglect our health, and Then, one day it asked for a return through illness. So, invest in your health learn about nutrition, go to the gym, exercise regularly. So, that is after 20 years or 30 years from today. When your health asked for a return it should be good health.

Invest in your health and Mental Health 

personaldevelopment

Personal Development

moneyandinvestments

Money & Investments

health

Health

habits

Habits

BEST Investment  in 2022

Investing is all about informed decisions based on your market knowledge and insights from analytics.

You need to establish a long-term financial goal. It means that you need to figure out the reason why you are investing as in your child’s education, retirement or to multiply your funds; review your age and investment perspective, sort out what you are expecting out of your life. Once you answer these questions honestly to yourself, setting a long-term investment goal becomes easier.

Set long-term investment goals 

Once you have determined your investment goals, you may become over-confident or under-confident about your financial perspective. In both cases, you stand to lose. The mantra here is to strike a balance between over-confidence and under-confidence. You should just be confident regarding your decision towards your investment or SIP plan.

Find a balanced approach 

With a portfolio diversification approach, you can ensure peace of mind. Here’s how. When you distribute your money across mutual funds and asset classes, it lowers your risk of losses. Markets act in different ways in different places at different times. So, it brings a balance in your investment; if some of your investments are facing the downside, others may see the sunny side.

Diversify your portfolio 

Following market sentiments without analysing them is a big mistake committed by many individual investors. It is human psychology to follow the herd and do what others are doing, especially when you can see them tasting success dur to the choices they made. But by the time you try the same and invest, maybe it is too late. The chance of making the same credible profit has already been missed.

Abandon the herd mentality 

Market sentiments are influential in deciding the course of the market, but you should steer clear of emotions while investing in equities or even in SIP investments. You can keep your emotions at bay with the help of the following tips 

Market sentiments are influential in deciding the course of the market, but you should steer clear of emotions while investing in equities or even in SIP investments.

Your Money: Four tips to control your emotions when investing

Don't take the money if it means sacrificing your autonomy.

Ryan Holiday 

Money 

"Be kind whenever possible. It is always possible." -- The Dalai Lama"Unexpected kindness is the most powerful, least costly, and most underrated agent of human change." -- Bob KerreyKindness begins with the understanding that we all struggle." -- Charles Glassman

Kindness Counts

"There is no such thing as a small act of kindness. Every act creates a ripple with no logical end." -- Scott Adams"Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around." -- Leo Buscaglia"Do things for people not because of who they are or what they do in return, but because of who you are." -- Harold S. Kushner

Kindness Counts Cont.

"Compassion bring us to a stop, and for a moment we rise about ourselves." -- Mason Cooley"If compassion does not include yourself, it is incomplete." -- Jack Kornfield"Learning to stand in somebody else's shoes, to see through their eyes, that's how peace begins." -- Barack Obama

Compassion Is A Virtue

"To the world you may be one person, but to one person you may be the world." -- Dr. Seuss

Value Of Self

A new year is an excellent time for self-care and development.

These words will help you make it a practice not just to think about kindness, but to practice it year-round

10 Simple Quotes to Inspire Kindness in the New Year & Help You Build Realistic Resolutions

If you are new in trading and don't know when to buy/sell, then you should have a strategy on which you will take decisions while trading.

Want to Trade ? But don’t know which strategy to use ? (for beginners)

Before telling you about the strategy first you need to keep in mind that no strategy will work every time, as the market is driven by various factors. Sometimes your strategy will work and sometimes not.So our goal is to Increase the Probability of Winning so that in total we will be in profits.

Keep this in mind!

The most common mistake a beginner do is to use so many Indicators and Strategies which makes us so confused and everything becomes so complicated that we can’t even make a decision to take the trade or not and then start taking wrong trades and if it fails then tries to hold it until the price comes up at your level and eventually you become an Investor 🙂.Now let’s understand one of the simplest yet an effective strategy:

Precautions: 

1) Price-based action: EMA acts as good support and resistance. Use 50,200 EMA in 15 minutes time frame.In the uptrend, if the price comes down to ema and takes support from it then we can buy near it and stop-loss a little below ema. In the downtrend, Ema acts as a resistance and price may come to it then fall again so we can short near it (see picture) {Notion page link for all the images used here (but not clearly visible) - <a href="https://internal-tumbleweed-664.notion.site/672070fd663e49e09a96168e846491ad">https://internal-tumbleweed-664.notion.site/672070fd663e49e09a96168e846491ad</a>}

Exponential Moving Average (Indicator)

Notion page link for all the images used here (but not clearly visible) - <a href="https://internal-tumbleweed-664.notion.site/672070fd663e49e09a96168e846491ad">https://internal-tumbleweed-664.notion.site/672070fd663e49e09a96168e846491ad</a>

If price breaks up Ema vigorously(with a big green candle {1or multiple candle can be considered}) then a good uptrend may come and we can buy near it. From this breakout point, the Ema will now act as good support which was acting as resistance before the breakout.Same if the price breaks down the Ema then a good down trend may come so we can sell over there. Ema will act as a resistance now.

2) Breakout Strategy : 

If a short-term Ema crosses up a long-term Ema then an uptrend may come and we can buy at that point.If a short-term Ema crosses down a long-term Ema then a downtrend may come and we can short near it.

3) Cross-over (Golden Ratio): 

Overview: 

So it’s better to not get fascinated by so many indicators at the starting of your trading career.At last, I would suggest using only one strategy at the beginning and testing it, trying a new strategy then testing it too and finding the strategy which suits you and gives you profits. Follow this until you understand the things otherwise, you will become an investor rather than a trader.

Conclusion :

It's very imp. for a beginner who wants to trade but doesn't know which strategy to use!

📈 Doing real trading and experiencing the same.

strategy

Strategy

Trading

Most of the people consider the ” process of getting money ” as a struggle but if we take it as a struggle then we are definitely not going to love the process of achieving money . To create a good energy flow of money you should not only see the money as a positive thing but also enjoy the whole journey of achieving that money .

Remove The Energy Blocking Beliefs

Want to know how to increase Money Energy Flow ? Here is an amazing 7 step effective guide to align with the right money energy and attract wealth and abundance

Understand yourself and those around you.

psychology

Psychology

How To Increase Money Energy : 7 most powerful steps

The privatization of banks are going to happen sooner or later, and with that customer base PSu's would become a huge potential business. This Potential growth also has the potential of churning out continuous and/or constant returns on investments.!

A Good Tip.

Stocks

Predicting the movement of stock prices is an alluring challenge with the promise of riches. Unfortunately, predicting future stock prices consistently and reliably is generally considered impossible. However, we can use models to make useful predictions, manage risk, and profit probalistically .

The options casino

Monthly simple and logarithmic returns of IBM stock with fitted normal distributions. We observe more returns at the extremities of the distributions than the normal distribution would predict. We call these 'fat tails' or 'excess kurtosis'. This image has been taken from 'Analysis of Financial Time Series, 3rd Ed.' by Ruey S. Tsay.

Normal Distribution

<a href="https://stats.libretexts.org/Bookshelves/Probability_Theory/Probability_Mathematical_Statistics_and_Stochastic_Processes_(Siegrist)/18%3A_Brownian_Motion/18.01%3A_Standard_Brownian_Motion">Brownian motion </a>describes the motion of a particle in a fluid or gas. Such a particle bounces around “randomly” within the fluid surrounding it. The path it creates appears quite noisy and random. It can essentially be considered a limiting form of the random walk where both the time between steps and the step length approach zero (with some caveats: namely, if the time step is, the step length must be- this produces a process whose variance scales exactly with time). Consider flipping a coin to determine whether to take a step forward or backward. Now let the time between steps approach zero.<warningtag> </warningtag>

Brownian motion

Monte-Carlo simulation is a statistical technique inspired by the casinos of Monaco. Much like gamblers resigning their fates to probability, we hand over the results of statistical analysis to chance. By running enough trials, we can make conclusions with statistical significance.Consider evaluating a call option with a strike prices of $105 for this stock. What would be the expected value of the option at expiry, given a geometric Brownian model for the stock’s movement?

Option Pricing

Monte-Carlo simulation of terminal values is a relatively simple simulation, and one can probably be completed analytically. The true power of Monte-Carlo simulation is unlocked when analysing scenarios that are more difficult to solve analytically, if not impossible. For example, if we wanted to analyse an American-style option, which can be exercised anytime, we might want to count the probability of a stock price exceeding the strike price at any time during the lifetime of that option. We could do this by counting how many trials cross the strike price boundry.

More Advanced Scenarios

problemsolving

Problem Solving

computerscience

Computer Science

artificialintelligence

Artificial Intelligence

Monte Carlo Options Pricing 

As a company selling products, you need to know the costs of creating those products. That’s where the cost of goods sold (COGS) formula comes in. Beyond calculating the costs to produce a good, the COGS formula can also unveil profits for an accounting period, if price changes are necessary, or whether you need to cut down on production costs.Whether you fancy yourself as a business owner or a consumer or both, understanding how to calculate the cost of goods sold can help you feel more informed about the products you’re purchasing — or producing.

Cost Of Goods Sold: A Primer

Cost of goods sold is the cost of producing the goods sold by a company. It includes the cost of materials and labor directly related to that good. However, it excludes indirect expenses such as distribution and sales force costs.

Defining COGS

When <a href="https://mint.intuit.com/blog/how-to/sell-online/">selling a product</a>, you need to understand the production costs associated with it in a given period, ​​which could be a month, quarter, or year. You can do that by using the cost of goods sold formula. It’s a straightforward calculation that accounts for the beginning and ending inventory, and purchases during the accounting period. Here is a simple breakdown of the cost of goods sold formula:COGS = beginning inventory + purchases during the period – ending inventory

The Formula

To calculate cost of goods sold, you have to determine your beginning inventory — meaning your merchandise, including raw materials and supplies, for instance — at the beginning of your <a href="https://mint.intuit.com/blog/investing/balance-sheet/">accounting period</a>. Then add in the new inventory purchased during that period and subtract the ending inventory — meaning the inventory leftover at the end for your accounting period. The extended COGS formula also accounts for returns, allowances, discounts, and freight charges, but we’re sticking to the basics in this explanation.

Calculate Cost of Goods Sold

Direct CostsDirect costs are the costs tied to the production or purchase of a product. <ul><li>Direct labor</li><li>Direct materials</li><li>Manufacturing supplies</li><li>Fuel consumption</li><li>Power consumption</li><li>Production staff wages</li></ul> Indirect CostsIndirect costs go beyond costs tied to the production of a product. They include the costs involved in maintaining and running the company. <ul><li>Utilities</li><li>Marketing campaigns</li><li>Office supplies</li><li>Accounting and payroll services</li><li>Insurance costs</li><li>Employee benefits and perks</li></ul>

The Steps: Identify Direct and Indirect Costs

The beginning inventory will be the amount of inventory leftover from the previous time period, which could be a month, quarter, or year. Beginning inventory is your merchandise, including raw materials, supplies, and finished and unfinished products that were not sold in the previous period.Keep in mind that your beginning inventory cost for that time period should be exactly the same as the ending inventory from the previous period.

The Steps: Determine Beginning Inventory

After determining your beginning inventory, you also have to account for any inventory purchases throughout the period. It’s important to keep track of the cost of shipment and manufacturing for each product, which adds to the inventory costs during the period.

The Steps:  Tally Up Items Added to Your Inventory

The ending inventory is the cost of merchandise leftover in the current period. It can be determined by taking a physical inventory of products or estimating that amount. The ending inventory costs can also be reduced if any inventory is damaged, obsolete, or worthless.

The Steps: Determine Ending Inventory

Now that you have all the information to calculate cost of goods sold, all there’s left to do is plug it into the COGS formula.

Final Step: Plug the Info Into the Cost of Goods Sold Equation

FIFO: First In, First OutThe first in, first out method, also known as FIFO, is when the earliest goods that were purchased are sold first. Since merchandise prices have a tendency of going up, by using the FIFO method, the company would be selling the least expensive item first. LIFO: Last In, First OutThe last in, first out method, also known as LIFO, is when the most recent goods added to the inventory are sold first.Average Cost MethodThe average cost method is when a company uses the average price of all goods in stock to calculate the beginning and ending inventory costs.

Accounting for Cost of Goods Sold

Business owners are likely familiar with the term “operating expenses.” However, this shouldn’t be confused with the cost of goods sold. Although they are both company expenditures, operating expenses are not directly tied to the production of goods.Operating expenses are indirect costs that keep a company up and running, and can include rent, equipment, insurance, salaries, marketing, and office supplies.

Considerations for Cost of Goods Sold: COGS vs. Operating Expenses

The COGS calculation focuses on the inventory of your business. Inventory can be items purchased or made yourself, which is why manufacturing costs are only sometimes considered in the direct costs associated with your COGS.

COGS and Inventory

Another thing to consider when calculating COGS is that it’s not the same as cost of revenue. Cost of revenue takes into consideration some of the indirect costs associated with sales, such as marketing and distribution, while COGS does not take any indirect costs into consideration.

Cost of Revenue vs. COGS

Since service companies do not have an inventory to sell and COGS accounts for the cost of inventory, they can’t use COGS because they don’t sell a product — they would instead calculate the cost of services. Examples of service companies are accounting firms, law offices, consultants, and real estate appraisers.

Exclusions From COGS Deduction

How do you calculate cost of goods sold? Learn how to use the cost of goods sold formula and how it pays off for companies.

business

Business

Cost of Goods Sold Formula: A Step-by-Step Guide

This study aims to analyse the adoption of mobile payment applications during the coronavirus disease 2019 (COVID-19) pandemic using the technology acceptance model (TAM) and Technology Readiness Index (TRI). TRI constructs affect perceived usefulness and perceived ease of use, with the exception of discomfort which has no significant effect on the perceived usefulness. In addition, attitude is influenced by two main TAM variables: perceived usefulness and perceived ease of use. Meanwhile, the intention to use mobile payment applications is influenced by attitude.

Summary

<ul><li>perceived usefulness and easiness of use determine one’s attitude towards the adoption of a particular technology and consequently determine the intention to use and apply the technology</li><li>perceived usefulness: the extent to which a person believes that using a particular system will improve his work performance </li><li>perceived ease of use: a person’s belief that using a particular system will free him from effort</li><li>readiness for a specific system</li></ul>

Technology Acceptance Model (TAM)

<ul><li>related to one’s tendency to use new technology as well as the general sentiment about the new technology </li><li>16 items, measuring optimism, innovativeness, discomfort and insecurity</li><li>readiness for general technology</li></ul>

Technology Readiness Index (TRI)

H1-4: Optimism/Innovativeness have a positive effect on perceived usefulness/ease-of-use. ✅ supportedH5-8: Discomfort/Insecurity have a negative effect on perceived usefulness/ease-of-use. ✅ H6❌ H5, H7-8H9-10: Perceived usefulness/ease-of-use have a positive influence on attitude. ✅ supportedH11: Attitude has a positive influence on intention to use mobile payment applications. ✅ supported

Hypotheses

<ul><li>TRI constructs have a high level of importance in their effect on attitude and intention to use</li><li>optimism has the highest level of importance ➡️ must be increased by service providers by convincing users of the benefits of using mobile payment applications </li><li>insecurity has a positive effect on perceived usefulness and ease of use (❌H7-8); “explorer”/techno-ready user more likely to learn to use the application</li></ul>

Findings

Predicting the adoption of mobile payment applications during the COVID-19 pandemic - Author: Wahyu Rafdinal, Widi Senalasari

marketingandsales

Marketing & Sales

technologyandthefuture

Technology & The Future

Predicting the adoption of mobile payment applications during the COVID-19 pandemic

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BEST Investment in 2022