Wedding Planning in a Pandemic

Wedding Planning in a Pandemic

Sanna Vohra, CEO & Founder, The Wedding Brigade, an end to end wedding service provider for both online/ offline platform where users can find the best wedding content, buy curated wedding fashion, and book verified vendors and services. While the world needs to heal, and we have to give it time. The article shares a few ideas from The Wedding Brigade, India’s only one-stop-platform for everything weddings: content, e-commerce, and services: On how to use your time productively when you are engaged to be wed, this is an exciting time in your life, and it should be relished as well amidst this pandemic Planning and executing a wedding is as stressful as it is exciting. From caterers to outfits to vendors, the list just does not end. Even just deciding who makes it to the guest list and who doesn’t can sometimes take ages! Now imagine a scenario where every task is finally complete, but last-minute the wedding is unexpectedly postponed – all that planning, effort, and time feels wasted. That is exactly what has happened due to the Corona virus, with millions of couples all over the world in bouts of anxiety over postponing their wedding day. The world needs to heal, and we have to give it time. But if you are engaged to be wed, this is an exciting time in your life, and it should be relished as well. Here are a few ideas on how to use your time productively from The Wedding Brigade, India’s only one-stop-platform for everything weddings: content, e-commerce, and services: Research Research! With plenty of time in your hands, look for what you want. The silver lining is, you now have bonus time to perfect and include everything in your wedding that you might have missed out on earlier. Look for options and explore different ideas for your decor, make up, sangeet, and more! New Designers? Now is the time to help out smaller businesses! India is brimming with talented garment and jewellery designers across the nooks and corners of the country. From Jaipur to Kolkata, look for fresh designers who can help you build your wedding trousseau. Not only will you be encouraging their art, but you can save a bit of money too! *kaching* Scenario Mapping with Family & Friends- Why not discuss various possibilities with family and friends and share the load, instead of freaking out and taking all that stress on your shoulders? Talk about your concerns with close friends and family members and ask them what’s on their mind. Maybe consider trimming down the guest list, or moving the wedding to your home town. Talking about it with your partner will definitely relieve stress and make you feel lighter. After all, you both are in this together! Review Paperwork- We recommend that all engaged couples review all official wedding paperwork. Read all your contracts carefully before you sign anything and if you have, reach out to your vendor and discuss your options. Ask for flexibility and understand mutually how you can best salvage the situation in the wake of a pandemic. Knowing your options will take away some uncertainty. Wedding Insurance – If your wedding is more than two months away, now is a good time to look into wedding insurance in case the coronavirus forces more weddings to be cancelled over the summer months. Don’t take chances! Wedding Planning in a Pandemic

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 Make Your Money Grow

Make Your Money Grow

Mimi Partha Sarathy, MD, Sinhasi Consultants, shares her views on investment during tough times that we’re facing right now. Here are some financial tips that can help you survive through the current crisis when the markets are down. “COVID19 – Market Crash – What should I do – Some Answers to Investor Questions?” “Covid-19 is indeed a game changer and ‘shocking’ event in the way we all see our lives and live today, confined to our homes wondering what next. And, the Equity markets have crashed in just eight weeks and continue to remain extremely volatile and unpredictable. Over the past one month, Large and Mid-cap indices have fallen by 35% and 50% respectively. This has led to a sharp correction in stock prices and NAVs of equity mutual funds significantly. And this sharp crash has happened just in eight weeks – unlike any previous market ‘crash’. Everyone today is rightly working only on curtailing the spread of the Corona Virus, ensuring social distancing, saving lives, and the news is focussed on whether the curve is ‘flattening’ or spiking’ upwards with every passing day, across all countries including India. And with the lock down enforced across the world, some questions lurking in our minds are – when will normalcy resume? What will be the economic impact of Covid 19 and the lock downs on global economies and our own? What will be the ‘new’ normal? What will be the impact on our investments? Have I got ‘shock-absorbers’ for my money and investments? What is most valuable to me today is my 22 years of experience as an Investment Adviser. And, there is no short cut to experience, especially for crisis management. Having been part of the financial service industry as an adviser during two earlier such ‘shocking’ global events namely the 2000 Tech Bubble Crash and the 2008 Sub-Prime Global Crisis, I understand and value even more these earlier experiences and their lessons and learnings. It is these great experiences and learnings that have cultivated resilient best practices combined with intuition to ensure that Dynamic Balance can always be practiced and maintained for sustainable financial success over the long term for our clients. Though equity investments form only part of our financial plans, much of our focus is on our equity investments and the paper or notional losses that are seen during such crashes. And to see this notional loss is definitely painful and very challenging. At the same time the stock markets can be seen as one of ‘the’ best real time live indicators of a combination of both fundamental plus emotional factors. We are indeed confident that this time too will pass. But in the meantime, this is the best time to ask important pertinent questions, which will help us become clearer about our finances and investments, so we feel more confident and ‘on top of our game’ with regard to our money and investments, even during these challenging times. Dynamic Balance with money and investments with prudent resilient action – regular and event based, is the key to financial success with our plans as well as investing in equities. Warren Buffet’s famous quotes are worthy to note – “It is not necessary to do extraordinary things to get extraordinary results” & “Beware the investment activity that produces applause; the great moves are usually greeted by yawns.” “The things we DO or NOT DO might be small, simple, & boring acts of excellence. But they maybe just right and most prudent to do for long term sustainable success with our investments. Covid 19 – Market Crash – Since predicting such events in the stock markets are difficult, do I have sufficient ‘shock-absorbers’ for my investments and money? Should we panic or remain calm with regard to our finances and investments? This is a very important question. And the answers to this question are very relevant especially now. The best ‘shock-absorber’ for your money and finances to manage stock market volatility is if you have a good Financial Plan in place, and if you stick to it! If you have a clear financial plan where your goals are clearly defined along with proper asset allocation and risk profiling, then you as an investor will surely be able to handle such a challenging situation. All we need to do is to stick to it if the plan has been prepared well by a competent financial planner. No doubt our money invested in equities will see negative returns for some time, since in such ‘shocking’ events the markets correct at a very rapid speed in a few trading sessions giving no time to exit. Investments in shares and equity mutual funds come with daily values and NAVs, and, are therefore very transparent for us to see – both daily ups and downs. We don’t give much thought to price corrections or crashes in real estate since we don’t see a ‘daily NAV’ for real estate. And if we did, we would have panicked perhaps even more. But, our asset allocation into equity investments in our plans should be made with a time horizon of 5 years minimum, and only this will ensure that we are able to tide over whatever requirements we would need over the next 12 months. And past experience has clearly shown that because stock markets react rather badly to such ‘shocks’ with very sharp falls, they recover too, and to higher levels. Some examples of Financial Goals are – My retirement plan, my pension during retirement, my children’s education, purchase of my house, upgrading my car, emergency fund (medical, etc). Some examples of Asset allocation are: Allocation between various asset classes i.e. equity, debt, real estate, gold, etc Liquid (FDs, Mutual funds, shares, etc) VS illiquid assets (real estate) Equity (shares, equity mutual funds, etc) VS Debt investments (FDs, debt mutual funds, etc) Lock in Investments (PPF, PF, Structured Products, AIFs) VS Open-Ended Investments (Mutual funds, Shares). Understanding market volatility and the ability to ‘stomach’ such

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 COVID-19 AFFECTING THE MET GALA

COVID-19 AFFECTING THE MET GALA

Corona Virus seems to have affected the whole world, alas the fashion industry too. Met Gala which was called Costume Institute Gala is a fund-raising event of the Metropolitan Museum of Art’s Costume Institute in New York City that is hosted every year in the month of May. Different designers display their work as garments that are worn by different celebrities and this helps the Museum raise funds. This year’s theme for the Met Gala was “About Time: Fashion and Duration”, but due to COVID-19, it is being postponed to further dates. Anna Wintour who leads the chairmanship at the costume institute since the 90’s announced – “Due to the unavoidable and responsible decision by the Metropolitan Museum to close its doors, About Time, and the opening night gala, will be postponed to a later date,” the editor wrote in a letter. The Met’s website announced, “The Met’s priority is to protect and support our visitors, staff, and volunteers, and we have been taking several proactive precautionary measures, including discouraging travel to affected areas, implementing rigorous cleaning routines, and staying in close communication with New York City health officials and the Centers for Disease Control.” An official date hasn’t been announced to reschedule the event and everyone just has to take a seat back and wait to experience the work of art in the form of garments by the designers. -By Preeti Karia.  COVID-19 AFFECTING THE MET GALA

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