Discover and read the best of Twitter Threads about #financialplanning

Most recents (22)

Lessons you can incorporate in your #financialplanning from one of the greatest texts on warfare and military strategy- the Art of War by Sun Tzu.

Thread.🧵 Image
Sun Tzu believes the general that makes many preparations prior to a battle is victorious. Image
Plan your finances with proper research and due diligence, and you've already won half the battle. Image
Read 9 tweets
👍The 4% Rule of Thumb for Withdrawals from Retirement Fund👍

A Thread🧵
Generally when people plan for their retirement their main focus is to find out how much corpus is sufficient for a decent retirement life. The spending part is usually ignored.

The 4% rule is one such plan which talks of the spending phase.
The 4% rule tells us about how much a retiree should withdraw from his retirement a/c each year which shall continue to provide him a steady source of income without depleting his retirement corpus.
Read 13 tweets
Educational thread: Investment mistakes you can make in your 20s:
1. Not a having a plan: 20s is the perfect time to start thinking about finances. There are less responsibilities, expenditure and the scope of savings is huge. Now is the time to think long-term.
2. Not knowing what to do with your earnings: In this knowledge-driven world, there is no shortage of data needed for research kn investments. Find out the investment options, the risks associated and make an investment plan.
Read 9 tweets
Educational thread: 6 Bad Financial Habits you should Avoid at all costs! Read and share:
1. Biting off more than you chew: While loans, credit cards ease your financial burden at the moment, piling them up is never a great idea. If this is your case, investing will be a distant dream.
2. Bad credit score: Most Indians are unaware of how credit scores are calculated. Even simple things like not paying bills, late payments can reflect adversely on your credit score. This can backfire in your future, if you apply for loans.
Read 9 tweets
A Thread on Financial Planning for Middle Class Family👇

நடுத்தர குடும்பத்திற்கான நிதி திட்டமிடல் பற்றிய பதிவு:

1. நிதி திட்டமிடல்
2. சேமிப்பு VS முதலீடு
3. பணவீக்கம்
4. முதலீடு
5. நிதி திட்டமிடல் செய்வது எப்படி?
1. நிதி திட்டமிடல்:
நிதி திட்டமிடல் என்பது சம்பாதித்த பணத்தைச் சேமிக்க, செலவழிக்க, முதலீடு செய்யத் தேவையான தொகையைத் தீர்மானிக்கும் ஒரு செயல்முறையாகும்.
அதில் வரவு, செலவு, சேமிப்பு மற்றும் முதலீடு ஆகிய கணக்குகளை உள்ளடக்கியது.
இன்று நாம் செய்யும் நிதி திட்டமிடல்களைப் பொறுத்தே,
நமது எதிர்காலத் தேவைகளைப் பூர்த்தி செய்யவும் மற்றும் வாழ்க்கைத் தரத்தை மேம்படுத்த முடியும். நிதி திட்டமிடல் என்பது செலவுகளைக் குறைக்க, முதலீடுகளை ஒழுங்குபடுத்த, நாம் வாழ்நாள் முழுவதும் நமது இலக்குகளை - திருமண செலவு, ஒரு வீடு / நிலம் வாங்க, குழந்தைகள் பள்ளியில்,
Read 39 tweets
Daily Bookmarks to GAVNet 05/18/2021…
To make particles flow more efficiently, put an obstacle in their way…

Researchers find order in a process previously assumed to be random…

#order #randomness
Read 10 tweets
Important Thread🧵on common #Financial Mistakes which people normally commit.

Credits: CA Govind M Chandak.

#WAFwd #InvestmentPlanning #Investing

Avoid these mistakes for better financial future.

@dmuthuk @Vivek_Investor @VidyaG88 @caniravkaria

🙏 RT to maximize reach🙏
❌ Buying Insurance Policies for investment purpose.

Always go for #TermInsuance
❌ Not able to wisely use Credit Card ...

As always pointed out by @dmuthuk sir & @FI_InvestIndia avoid #CreditCard for purchasing unnecessary stuff on credit.
Read 28 tweets
Kalpfin Wealth Byte (30 seconds read)

Too much, too soon, too fast!

Everyone knows the investing duo of Warren Buffett and Charlie Munger. But 40 years ago, there was a third member, Rick Guerin. The three made investments together.
Then Rick kind of disappeared while Warren and Charlie became the most famous investors of all time

A few years ago, hedge fund manager Mohnish Pabrai asked Buffett what happened. Rick, Buffett explained, was highly leveraged & got hit with margin calls in the 1970s bear market.
Some things scale well. Double their size & you get double the output (or more).Other things don’t, & it is important to know which is which.

A good summary of investing history is that stocks pay a fortune in the long run but seek punitive damages when you try to be paid sooner
Read 6 tweets
You are constantly making #financial decisions. Are you making the best possible ones?
What can a #financialadvisor do for you?
Situational concerns are specific to YOU! There are no right or wrong choices, but there are right and wrong financial behaviors. Who’s helping you master behavior?

Read 7 tweets
Smriti was always an organised person, yet her finances were all over the place!
#Tax was her nemesis.
Paid more #TDS than required
Rushed her tax saving investments
This time on Essence of Planning, we’re showing you how financial planning changed Smriti’s life for good!
She started by preparing a #Financial checklist of things review financially. How many things have you crossed off? Comment your answer below!
Read 8 tweets
January is named after the Roman two-faced god #Janus. It’s time to look back at what you’ve achieved and look forward to what you’ve got to do.
3 solid reasons to review your #financialplan in 2021. Are you confident that your financial plan is still relevant and adaptable? Are you in the best of #financial health?
You are not the only one influencing your #financial future! We show you how the world is influencing your financial outcomes. Tell us how you tackled these changes in the comments below!
Read 9 tweets
#MCPersonalFinance | Coming in April, a new standard home insurance policy: Should you buy it? @Preeti__Kul explains:…

#HomeInsurance #Insurance #IRDAI
#MCPersonalFinance | Many senior citizens suffer from inadequate cashflows. Reverse mortgaging their residence would enable them to get a steady income over their lifetime, writes @thanawala_hiral.

#SeniorLiving #FinancialPlanning…
#MCPersonalFinance | Mutual funds vs unit-linked insurance plans - Here are some factors that can help you assess the products and decide what suits you.

(By Joydeep Sen) #MutualFunds #Investment #Insurance…
Read 5 tweets
The new wage rules come into effect in April 2021. In this thread, we break down
•How this could impact you
•How a financial adviser can help
The government is seeking feedback on these rules and is yet to publish the final rules.

What: Basic component of #salary to be at least 50%
Impact for Individuals: Contribution to #PF increases, Take home reduces.
Impact for Corporates: Employee costs go up
Should you be worried that your take-home is less? No, because you’re not losing money. In Richard Thaler’s book Nudge,he highlights the importance of automatic contributions to #retirement accounts. You’ll end up saving more money towards retirement without any additional effort
Read 4 tweets
#FirstThread #FinancialPlanning
நிதி திட்டமிடல்

கொரோனாவுக்கு அப்புறம் உங்களோட நிதி நிலைமை சரி இல்லனா நீங்க முதல்ல செய்ய வேண்டியது இனிமேல் உங்க வரவு செலவை திட்டமிட்டு செய்தல்தான் உங்களை காப்பாத்தும். இதை கவர்மெண்ட்டே செய்யறதில்லைங்கிறது வேற விஷயம்!
எதுவுமே நிலையில்லா வாழ்க்கை இதுன்னு இந்த கொரோனா நல்லாவே உங்களுக்கு காட்டிருக்கும்னு நினைக்கிறேன். இனி வரும் காலத்தையும் நிதானமாவும் பண நெருக்கடி இல்லாமையும் முடிந்தவரை எல்லா வகையான வாழ்க்கை சூழ்நிலைகளையும் சமாளிக்க நீங்க உங்களோட நிதி நிலைமையை திட்டமிடனும். குறிப்பா முதல் முறையா
இதைப்பற்றி யோசிக்கிறவங்களுக்கு என்னோட இந்த பதிவு உபயோகமா இருக்கும்னு நினைக்கிறேன். அதுக்கு முன்னாடி நிதி திட்டமிடலையும், பட்ஜெட்டையும் குழப்பிக்கவேணாம். ரெண்டுக்கும் சில வித்தியாசங்கள் இருக்கு அதுல ஒன்னு முக்கியமானது பட்ஜெட்னா உங்களோட வரவு செலவை முறையா பராமரிக்கிறதுன்னு சொல்லலாம்
Read 31 tweets
OK, some people in Aussie #FinServ are clearly unsettled by Vanguard's decision to boldly have a crack (again) at #superannuation.

So I'm gonna break it down in this thread.

I may be on the money, or way off base. You decide.
It's important to note that @vanguard_au was its first presence outside the US.

From memory, around 1995-96.

So this hasn't exactly been an overnight success story.

For much of the first two decades, & paying $0 commissions, it was broadly shunned by #financialplanning.
The prize that lured Vanguard to Australia was #superannuation.

But the cost of client acquisition for retail is high.

Funds without a dedicated salesforce (or default status) struggle.

Plum, the corp super JV with MLC, was a bit meh for market penetration.
Read 14 tweets
A thread on
#CreditCards a " Yes" or a "No" ?

Decided to write an honest opinion on the usage of credit cards & whether it is "As bad as it made out to be" or "That good as claimed" !!

Disclaimer: This is MY experience & my opinion on the issue addressed at hand .
Points in favour
1) #Convenience !!
2) Lot of reward points .Yay!
3) Usage at airport lounges & movie tickets & the likes (subject to T&C)
4) Extra time to repay the debt. Duh !! Who doesn't like that!
6) Kind of a status symbol . Mere paas AMEX card hai ,
hain.... 😎
Points against usage

1) Too much convenience results in thriftness. We end up spending much more.
2) Reward points come with a host of T&C. Are we actually being rewarded also ?
3) Freebies to keep our inflated ego in check . Many a times changed/stopped overnight! 🤷
Read 13 tweets
Long Thread on F.I.R.E.
Financial Independence & Early Retirement

#financialindependence #financialfreedom #earlyretirement #financialplanning #retirementplanning
FIRE = Financial Independence Retire Early
Less than 1% people really understand the true meaning of financial independence. And even less than 1% (of that 1%) are capable of aspiring for it. And even less than 1% (of that 1% of that 1%) are capable of achieving it.
Read 48 tweets
1/ If I owned a financial planning business, here's what I would be doing right now when it comes to client communications and Marketing:
1. Write one article per week (to be posted on my blog + emailed out to clients and prospects) summarizing the week’s events and give my thoughts/provide historical perspectives

#DigitalMarketing #WealthManagement #financialplanning #fintwit
2. Record a video on my phone (to be embedded with the article), going over the key points of that week’s post.
Upload video to Youtube and share across social media natively (meaning, don't link to Youtube, upload natively)

Here's how:…
Read 11 tweets
Budgeting for 2020? Let's talk about finance.

If your mortgage or rent cost more than 33% of your income, you need to reevaluate.

#finance #Vision2020 #ListenMoneyMatters ImageImage
Are you in need of a budget template to help plan your money for 2020?

#FinancialPlanning #MoneyMatters #BudgetTemplate #savings ImageImage
Are you wondering how much you need to save before you can retire?

#EarlyRetirement #investment #STEMandFinance #Expenses Image
Read 6 tweets
We have been told #LongTerm is 3-5 years. From Jan 08 to Nov 19, Sensex has delivered only 5.50% CAGR. Isn't 11 years long term?

So where did we go wrong? And what defines long term?

#mutualfunds #Nifty #financialplanning
Long term cannot be defined in number of years holding. Intention of defining long term is so Investments deliver decent returns for Investors over a defined period of time.

Then what defines this period?
Long term gets defined by valuation at the time of your investment. If you invest when valuations were high, hold for longer period; horizon gets shortened if you invest at lower valuations like investments made in March 2009.
Read 5 tweets
New to the stock market? Get started with this primer!

Road to Financial Freedom:…

#wealth #financialplanning #WealthManagement #freedom

For investing, I follow Mark Minervini's trend template / methodology to identify Superperformance stocks. Read his books:

Trade like a Stock Market Wizard:…

Think & Trade Like a Champion:…

#investing #superperformance #stocks 2/n
The screener I use to identify stocks that satisfy @markminervini 's trend template:…

You also need to manually check for
1. Volatility contractions - Price, Time and Volume
2. Number of Stage-2 bases < 3
3. Magnitude of previous Stage-4 fall < 50%

Read 6 tweets
Emergency Fund : Stepping Stone of Financial Planning

One of the 1st things u s'd consider b4 u invest is ask below questions to urself -
1. What would I do if I lost my current source of income?
2. How would I survive for the first six to 12 months of unemployment ?
You start an investment be it SIP or FD for a purpose of wealth creation and when any kind of emergency takes place, you redeem the amount or break the FD to suffice the requirement of emergency.
While doing so, the compounding effect does not take place.
It is always
recommended to have an emergency corpus of around 6-9 months of entire salary.
Yes, entire salary because your recurring FD’s, Insurance premium, SIP’s are part of your salary
You will find people recommending an emergency corpus of 6 to 9 months of expenses which is wrong
Read 8 tweets

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