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Avoiding Pitfalls: Key considerations before investing in momentum stocks
The concept of "present value" is rooted in the idea that money's worth changes over time. Essentially, a rupee today is worth more than a rupee tomorrow. This is because money can be invested and earn interest, making it more valuable in the present. Factors like interest rates and people's outlook on the future influence how we perceive the value of money at different points in time.
