- Earning members in the family: If you are single earning member of the family, then obviously your family’s finances face the risk of a single point of failure. So, it is better to first reach a six-month emergency fund quickly and then keep adding more to it gradually to increase the cushion for the family’s expenses. Something like 9-12 months. On the other hand, if both spouses work and the risk of simultaneous job loss is very low, then having 3-6 months’ buffer is good enough. … [Read more...] about When layoffs and pay cuts abound, how large should your emergency fund be?
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There are two ways through which these companies can be looked at. One is the idiosyncratic risk for a single company; how are their financials and how prepared are they to face the next economic crisis. The second is a systemic risk that looks at the macro-economic context within which the company operates. Since Dr Altman was predicting a downturn we designed our models in a way that could include these two elements. The pandemic has given us a competitive advantage in the market.Altman: The banker can collect data around the expected cash flow, profitability and other financial metrics of the businesses, input those into our model and get a result which predicts the possibility of success for the business. Regulators stress-test the banks; we are stress-testing companies on behalf of the banks. Our Z score model not only evaluates the company but also gives a bond rating equivalent and also shows the probability of default, up to as much as 10 years. This helps bankers get that … [Read more...] about Exclusive | India and the world were already overleveraged when COVID-19 hit, hence there will be massive bankruptcies: NYU professor emeritus Edward Altman
• But if you are willing to see the benefits of liquid funds (like potential for better returns, better taxability if held for long, decent liquidity, ability to withdraw partial amounts as and when needed, etc.), then consider putting some money in liquid funds too. You can split it equally between FD and Liquid fund for starters and gradually increase. … [Read more...] about Viewpoint | Where to invest emergency money – savings account, fixed deposit or a liquid fund?
Harris shifted several of her policy stances in the course of the campaign in a bid to move toward the center. But the Trump campaign made clear it will attempt to paint her as an unrepentant leftist, while suggesting that the 77-year-old Biden could soon be out of office and replaced by her. … [Read more...] about Why Kamala Harris may prove an elusive target for Donald Trump
As an English language studies professor, I wanted to understand how presenters build credibility, so I analyzed the transcripts of 30 panel discussions at the Brookings Institution in 2019 to glean the verbal strategies used by foreign affairs experts. While I have carefully dissected these strategies as a specialist in public speaking skills, they boil down to a simple message for anyone delivering a presentation via a digital screen: Brag and name-drop. … [Read more...] about 11 science-backed ways to boost your credibility when you work remotely