Today I learned that a lot of people think that paying minimum due on credit cards avoid penalties and interest. And they end up paying 30% plus interest annualised on balance due.
Why is it not explicitly mentioned on the minimum due figure that this is bare minimum and this incurs heavy interest on outstanding amount along with interest? Can’t RBI and finance ministry mandate a rule that against minimum due amount on statement they have to clearly say how much extra interest people have to pay if they only pay minimum due?
Please retweet so that this reaches the right people. I will also be reaching out to the RBI
@drjaymehta Hello Dr. Mehta, I want to book a consultation for your next Ahmedabad visit. My wife dealing with endometriosis and infertility and need your specialized opinion. Please share your upcoming dates and the reports required. Thank you!
The best Risk to Reward for each trading style:
Scalper - 1RR
Day Trader - 2RR
Swing Trader - 3RR
The higher time frames give you a higher RR but less setups.