Markets

NASDAQ100 index was down by 1.28% last week majorly due to Nvidia stock taking the beating despite delivering strong earnings. On the other hand Bitcoin crashed 12% last week to be lowest in last three months.

News last week

• President Trump and President Zelensky sparred in white house in front of the media while negotiating Peace deal and to get Ukraine sign a Rare earth minerals deal in exchange for the Ammunition and funds provided by the US towards the ongoing war with Russia. >>
• Vivek Ramaswamy has announced his bid for 2026 Ohio Governor. >>​
• India’s first Transgender clinic has shut the shop after USAID freezes the funding. >>​
• President Trump signed an order to designate English as the official language of the US. >>​
• Rekha Gupta, a first time MLA became the Delhi CM last week. BJP has stormed into power after 26 years by defeating AAP. >>​
• India’s Q3(Oct to Dec) GDP picked up pace at 6.2% compared to Q2 GDP of 5.6%. IMF published that India to remain fastest growing nation at 6.5% for 2026 financial year. >>

Immigration

President Trump announced new ‘Gold card’ visa program for people seeking US citizenship with a price tag of 5 million USD. He hopes that this would bring in investments from wealthy foreigners. This could potentially replace EB-5 category visa that is currently in operation.

Currently for EB-5 visa, foreigners need to invest little more than 1 million USD or $800K in Targeted employment areas. >>

Personal Finance

In continuation to our last weeks IRA Contributions series, this week lets discuss about Roth IRAs. Similar to Traditional IRAs, Roth IRAs also have same contribution limit of $7000 or $8000 if your age is 50 or above. This is the total limit across Traditional and Roth IRAs.

Contributions to Roth IRAs are not tax deductible(i.e. After tax), but the growth of that investment is tax exempt. You may withdraw your contributions anytime tax or penalty free, but earnings can be withdrawn only after 5 years of account opening and age above 59.5 years. otherwise, you will have to pay tax and penalty on those earnings withdrawal. There are some exceptions like First time home buyer, Disability, Death etc.

To contribute to Roth IRAs, there is some income limits. In 2024, your Modified Adjusted Gross income(MAGI) has to be under $146,000 for single filers or under $230,000 for joint filers to make the full Roth IRA contribution. In 2025, your MAGI has to be under $150,000 for single filers or under $236,000 for joint filers to make the full Roth IRA contribution.

Sports

• Pakistan, England, Bangladesh and Afghanistan are eliminated out of Champions Trophy 2025.
• Next India game – India vs New Zealand is scheduled on Sunday Mar 2nd and the game may be underway by the time you read this newsletter

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