Discover and read the best of Twitter Threads about #SIPS
Most recents (3)
A simple hack helps you save tax on #stocks and #mutualfunds.
Here’s what you do:
- Sell your investments
- Book profits & losses
- Repurchase immediately
This is called Tax Harvesting
A 🧵on how it’s done.
Here’s what you do:
- Sell your investments
- Book profits & losses
- Repurchase immediately
This is called Tax Harvesting
A 🧵on how it’s done.
Let’s first talk about the #tax on #equities.
The profit you book is divided into two buckets.
1. Shot term: If you sell within one year (of purchase)
2. Long-term: If you sell after one year
You pay a higher tax for short-term profits and lower for long-term (Check table)
The profit you book is divided into two buckets.
1. Shot term: If you sell within one year (of purchase)
2. Long-term: If you sell after one year
You pay a higher tax for short-term profits and lower for long-term (Check table)
Now, let’s jump to the sweet part - how to reduce taxes?
You pay LTCG tax only when your gains exceed Rs 1 lakh.
So the trick is not to let your gains go beyond this tax-free limit.
How to do it? Sell a part of your gains to book LTCG and reinvest it.
An example will help.👇
You pay LTCG tax only when your gains exceed Rs 1 lakh.
So the trick is not to let your gains go beyond this tax-free limit.
How to do it? Sell a part of your gains to book LTCG and reinvest it.
An example will help.👇
Should you stop SIPPING now?
*Thread* (1/6)
*Thread* (1/6)
1. One year doesn’t mean much with #MF #SIPs
a) Those who began an #SIP a year back, i.e, at the start of 2018, may be breaking into a sweat right now because the SIP NAVs of equity funds have dipped anywhere in the range of -2 to -20% in 2018.
(2/6)
a) Those who began an #SIP a year back, i.e, at the start of 2018, may be breaking into a sweat right now because the SIP NAVs of equity funds have dipped anywhere in the range of -2 to -20% in 2018.
(2/6)
b) Still, considering the fact that equities generally do well over the long run negative returns within a period of just 12 months can be safely ignored.
(3/6)
(3/6)
I am embarking on my own #PaperPerDayChallenge where I read at least one paper, well, per day for a whole year. To kick start, nature.com/articles/43573… inspired by @ukrepro Reproducibility Workshop @CumberlandLodge and a talk by @MarcusMunafo
Paper #2: Hard not be cynical about advocates of reproducibile science given most have careers built on the very questionable practices they wish to stamp out, so great to see @russpoldrack tackling this head on and offering great advice along the way 👍 ac.els-cdn.com/S0896627318310…
Paper #3 - false positives from multiple testing in anovas and importance of distinguishing exploratory and confirmatory hypotheses — also I thought anovas corrected for Multiple testing and this paper shows so too do many others, I’m not the only idiot! link.springer.com/content/pdf/10…
