Discover and read the best of Twitter Threads about #financialplanning

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New to the stock market? Get started with this primer!

Road to Financial Freedom:

drive.google.com/file/d/1-1kqa-…

#wealth #financialplanning #WealthManagement #freedom

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

Trade like a Stock Market Wizard:
amazon.in/Trade-Like-Sto…

Think & Trade Like a Champion:
amazon.in/Think-Trade-Li…

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

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%

3/n
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
If you know why you are investing, for whom and for when, you will invest responsibly. 1/5

#investing #mutualfunds #MutualFundsSahiHai #financialeducation #financialplanning
Goals help you hold your guard, make for good markers and act as effective milestones. #mutualfunds #MutualFundsSahiHai #financialeducation #FinancialFreedom #financialplanning 2/5
Successful investors also need to plan. They need to manage their risks and returns actively. Being clear on their do’s and don’t’s helps them avoid investment mistakes, skirt blunders and wisen choices. #mutualfunds #MutualFundsSahiHai #FinancialFreedom #financialplanning 3/5
Read 5 tweets

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