A shorter commute would save your relationship

How long is your commute to work? If it's longer than 45 minutes, according to this study you're 40% more likely to get divorced.

But, there's some good news. If you're already commuting for over 45 minutes for five years or more, you're only 1% more likely to get divorced than short commuters (probably because by then you've weathered the long-commute storm), and if you were a lengthy commuter before you began the relationship you're also a lot less likely to get divorced (probably because you knew what you were getting into.)

Why the steep rise in divorce rates due to a long commute? I'm sure there are a number of reasons, but here are a few theories:

One partner may have to take a job closer to home, especially if the couple has kids. Say the man takes a job with a long commute: Limiting his partner's job prospects in a smaller geographic area may mean she has a less satisfying career and is forced to assume an even bigger role in raising the kids and taking care of the home. (Hardly a recipe for personal fulfillment.)

Time is the glue that holds relationships together. Long commutes take away the time -- from significant others and from kids — that has been lost forever.

The money is rarely worth it. Say you get a 20% bump in salary... But you have to drive an extra hour. According to another study, economists determined you need a 40% increase in pay to make an additional hour of commuting time pay off.

Long commutes are stressful, especially when heavy traffic and frequent delays are involved. It's hard for anyone to walk in the door happy when they've done everything but play bumper cars on the freeway for an hour. (For 3 years a friend commuted 2 hours each way, but the actual drive was a breeze -- he actually felt recharged and centered after all the quiet time.) But even more so...

The guilt could eventually get to you. When your partner and your kids so obviously miss you, it's easy to feel like your decision that the trade-off between time and money was selfish or in some way self-serving. So you start to act differently -- either defensively or indulgently (or both). You make decisions you might not have made. You say things you might not have said.

Maybe you don't have a choice. Maybe a long commute is your only option. In that case, it's best to make the most of it and do what you can to make the rest of the time at home count.

But increasingly, at many companies, you have a choice. With high-speed Internet (which most of us have at home) and contemporary collaboration tools, most people can get work done just fine even when they're not at the office.

So, if you do have a choice, think hard about the trade-off between time and money (or job title or prestige or whatever the lure is.)

If nothing else, think of it this way: You might regret the opportunity that slipped away... But you will always regret the time with your loved ones that slipped away.

Write your thoughts below in the comments section 

Emerging Markets Powerhouses India and China

This blog write up is of Mr. Mark Mobius- Executive Chairman, Templeton Emerging Markets Group at Franklin Templeton Investments

Check original blog post LinkedIn

I put this up here as I felt that it is important to share-

Given their heft in the emerging markets world, India and China are among the countries I get asked most often about, particularly when they show market distress signals like economic slowing. This past week, the Templeton emerging markets team and I have been in China as part of a large research trip, doing further analysis on the market and key company prospects. I thought it would present a good opportunity to share a few of my answers to recent questions on both India and China.

INDIA

The Rupee reached record lows in August, making it one of the worst performing global currencies so far this year. What is your view on the weakness?

It is true that the Rupee has weakened recently. Some of the weakness is symptomatic of the country’s poor policy and investment environment. If that is rectified, we believe the Rupee can once again be more stable. The weakness in the currency can be good for certain investments. For example, the weak Rupee is excellent for India’s outsourcing industry that has its costs in Rupees and income in US Dollars. So our interests in such companies have risen.

There have been fears of a downgrade in India’s credit ratings. What do you think the chances are of that happening?

Rating agencies generally look at a country’s current environment and could take action based on that country’s current prospects. It is for the government to make its case that the economy’s long-term fundamentals are intact.

Do you expect inflationary pressures to increase in India amidst slowing economic growth, a depreciating currency, rising interest rates and higher commodity prices?

My team and I believe the government must counter inflation by improving productivity. That is an ongoing task. There is no reason a country that makes some of the cheapest and highest quality medicines and is the software and services factory to the world should not be able to manufacture goods at a competitive cost.

What can the Indian government do to tackle the depreciation in the Indian Rupee this year, high fiscal and current account deficits and slowing economic growth?

We believe it is most important for the Indian government to do all it can to harness the significant potential that India has. The fact remains that India is a net exporter, barring its energy requirements. We should not be too concerned about the current account deficit and we should avoid any knee-jerk reactions. In our view, what needs to be done is to ensure that the many Indian and multinational companies that truly want to make investments and make a difference to India make the right level of investments. We believe the government must slowly reduce the extent of public sector involvement in the economy and allow private enterprise to make investments. This could lead to an increase in productivity. then growth rates should improve and the currency should likewise strengthen, in our view. It is heartening to note that the government is finally taking steps to liberalize investments; however, that should not be done just to increase inflows, but also to enhance efficiency and productivity.

CHINA

Do you expect the Chinese economy to slow down further?

The Chinese economy grew 7.5% year-over-year in the second quarter of 2013, in line with the government’s growth target for the year. Although the Chinese economy may be growing at a slightly slower pace than in the first quarter, when GDP grew 7.7% year-over-year, China’s GDP growth remains stronger than in many other major markets, which we believe could remain the case for some time. Moreover, on a positive note, China has been slowly becoming less dependent on exports and adjusting its structure for more sustainable growth.

There are a few reasons why my team and I believe China has the potential to maintain strong long-term economic growth. For instance, as disposable income increases for China’s middle class—many consumers in China have been benefitting from annual increases in wages of 20% or more—more personal assets could be funneled into savings and investments.

In addition, urbanization is continuing apace, with the government devoting more resources to infrastructure and subsidized housing as well as extending social security, education and health benefits to migrants who have moved to cities.

Also, we anticipate the authorities will continue to reposition the Chinese economy to depend less on export and investment spending and more on domestic demand. Efforts to tilt activity away from low value-added and labor-intensive industries and toward higher-technology activities will likely continue as wage levels move up and as the labor force in China becomes ever more educated.

What are your views on the weakness of the A-share (domestic) market in June?

A-shares are those of local Chinese companies denominated in Renminbi, traded primarily between local investors on the Shanghai or Shenzhen stock exchanges. We suspect the recent weakness in Chinese A-share prices is an overreaction to recent events. Indications that US quantitative easing might be scaled back can be seen as a sign of growing confidence in the sustainability of a US economic recovery, which would be positive for Chinese exporters. Moreover, Japan’s measures of monetary and fiscal stimulus that are due to increase in coming quarters could help offset any potential tapering of US liquidity. Similarly, the People’s Bank of China’s actions to influence interbank rates, by curbing some excessive “shadow banking” activities, could create healthier and more sustainable financial markets. We have already seen a rebound, with the A-share markets on an upward trend since the end of June through mid-September.[1]

In a market of China’s size, the story isn’t all good or all bad, thus it would be wrong to generalize the market. Over the long term, we believe there should be a rising trend in the outlook of the A-share market since China’s economic growth rate currently remains high and market reforms appear to be on the right track. According to our analysis, equity valuations overall are currently not much above their 2008 lows, and we believe that many of China’s A-shares are attractively priced at the moment.

Important Legal Information

Dr. Mobius’s comments, opinions and analyses are for informational purposes only, may change without notice, and should not be considered individual investment advice or a recommendation to invest in any security or to adopt any investment strategy. Information contained herein is not a complete analysis of every material fact regarding any country, region, or market. All investments involve risks, including possible loss of principal. Investments in foreign securities involve special risks including currency fluctuations, economic instability and political developments. Investments in emerging market countries involve heightened risks related to the same factors, in addition to those associated with these markets' smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets.