Droplet Wealth

 We at Droplet believe in giving a better perspective to a known fact that will help our readers take decisions that make sense. Today's piece is one such attempt. Nifty has corrected about 15% from its current peak and most of our portfolios too would have felt the burnt and the bad news is - It does not look like its going to stop here!  Many of us know a simple fact that to make profits from Markets (or In fact in any trade), we need to Buy Low, Sell High. Easier said than done because we never know where the low is, right? Below is funny but brutally honest representation of what happens to stock price when we actually buy a stock thinking of becoming the next rich person.  And we eventually sell at loss or get stuck not knowing what to do. So the Good News is we are going to help you find that "Low". Ah! What? Are you simply going to give the "Holy Grail" over a blog. Well, we can give only the knowledge. Holy Grails are matters of wisdom .  The Knowledge

 RBI increased the Interest rates this week, as a result, the EMIs on loans are going to go up. In such a situation, People who will be most affected are the ones who have long term loans on high principal amount aka the Home loaners. In this week's blog, we decided to share a simple hack to help the home loaners gain back the amount paid to the banker irrespective of the Volatility in Interest rates. Lets get into the Assumptions and Math of the Hack.  Assumptions -       The Average size of home loan now a days is 50 lacs (60 lacs being the cost of 2BHK). The Interest rate is about 7.4% and Buyers generally opt for 15 years pay back period since they believe 10 years is too heavy on the budget & 20 years is too long. So the EMI will work out to be INR 46,000  Hack -  Our hack (suggestion) is that the day you start paying your Home loan, you start saving 20% of the EMI amount, in this case, it will be INR9000. Now a lot of you would think that "46K itself we are not able