What we experience early on (in our adult life) is more compelling than what we learn second hand, which is why each person thinks about #Risk & #Reward DIFFERENTLY.
In theory we SHOULD make our investments based on OUR goals & options available.
3/31
However we tend to include our unique experiences of how the world works (albeit with incomplete information) which might seem crazy to others .
* Spreadsheets cannot replicate human emotions which is why no amount of studying can make one truly UNDERSTAND the underlying.
With Diwali around the corner along with our economy rebounding , only fair that we be bombarded with "PATAKA STOCKS" by EXPERTS from Indore to the enthusiastic newbie who made 30% returns on his portfolio ( of ₹10,000) in 1 week 🙄
2/14
So here are my 2 cents gently reminding how much of WEALTH has ACTUALLY been created for the enthusiastic retailers by PATAKA / PENNY / MULTI BAGGER stocks recommended in the past few years .
DISCLAIMER : Being a learner, I am mostly wrong 😇🙏
To each his own .
3/14
A small snapshot of a few Penny stocks ( using this word a little liberally here ) that were recommended LEFT , RIGHT AND CENTRE on Social Media & how they are doing currently :))
P.S - These are still recommended to newbies with the recount of their glorious past ! 🤦
1/8 Often hear salaried people complaining about volatility being the reason they stay away from markets .
IMHO I feel #volatility is not risk . It's actually an opportunity to be capitalised upon sensibly .
( T&C being applicable as always*)
A few pointers on the same.
2/8 * Being salaried helps immensely as one gets a fixed sum of money monthly . Less uncertainty of cash inflows aids in better decision making as we don't resort in knee jerk reactions .
* With proper planning one can keep aside money to invest systematically in markets.
3/8 * In the event of a sudden melt down we won't be forced to sell our holdings for want of money for next month's expenses.
* Thereby , we ensure we do not interrupt the process of #compounding . Otherwise, one is forced to sell even good stocks for want of money . 🤷
Met someone who lost heavily in markets( sizeable amt) which makes me write this thread .
DISCLAIMER : There are exceptions always.However the chances of us being in that exception is rare !🤷 Hence the thread.
2/14
Pls DON'T ENTER markets without ensuring you have
- An Emergency Fund in place
- A good comprehensive Life & Health insurance policy for all .
- Term Insurance ( especially if taken a house on loan)
Consider investing in markets as money locked in ( like in a PPF account) for a few years atleast & THEN decide how much money you CAN AFFORD TO LOCK IN.
Else we may have to sell ( even a good)stock at lower price BECAUSE we need money urgently .
1/12
A quickfire thread based on a book I read recently titled " 80/20 YOUR LIFE " .
Disclaimer : This is MY interpretation & the ratio (80/20) is variable..
The essence here is to identify what matters & weed out the inconsequential & thereby manage time accordingly.
2/12
The #Pareto principle - 80/20 Rule is pretty well known & discussed in context of work & business productivity.
But it can also be applied practically in our day to day life in all possible aspects to ensure smooth sailing.
How do we do that? 🤔
3/12
Pretty simple actually !
Our Top priority goal must be a S.M.A.R.T goal aka :
Specific
Measurable
Attainable
Relevant
Time based goal .
Everything is #time based as time saved can be used constructively for other purposes or even wasted happily ! :))
Ajanta : Dating from 200BC ,these caves were excavated in 2 phases.
Ellora : 34 caves known for Buddhist , Jain & Hindu cultural influences.
Disclaimer : Based on MY understanding solely . 🙏
2/17
Before proceeding to #AjantaCaves make a small detour (16kms approx) to see the panoramic view of the caves & scenary from AJANTA VIEW POINT.
( Car goes easily. Lil walking of few steep steps)
Totally worth the view. :))
3/17
Archaeologists have numbered the caves from East to West.
Best mural works found in Caves 1,2,16,17 and 19.
Best sculptures found in Caves 1,4,17,19,24 and 26.
Most of it is sadly ill maintained. Hence unless one takes a guide( govt approved) along ,makes no sense.