Learn something new each day .
Laugh out loud . Never take yourself seriously !!
Humour is much needed to reduce anxiety.
Don't worry too much . Extra worrying shall not change anything!
Do something constructive for the community & create things of value. #BeOfValue
10/ SOME INTERESTING CONCEPTS
*WABI SABI*
There lies such beauty in the imperfections , fleetings of nature all around us .
Choose to see beauty in the flaws, in the incompleteness of things and people.
Each one of us is unique!!
Embrace this uniqueness.
11/
* ICHI - GO ICHI - E *
This moment exists only NOW and won't come again .
Stay in the moment. ENJOY the present that life brings us.
Don't dwell in the past .
Don't predict the future .
12/
LOGO THERAPY.
Popularised by Victor Frankl who believed that everything can be taken from a human ,except THE WILL to live .
That becomes the reason to live.
We just need to DISCOVER it .
For he who has a WHY to live for, can bear with almost any HOW .😇
13/
GO WITH THE FLOW IN WHATEVER YOU DO .
Why is this necessary?
When we flow we are focused on the task at hand . NO DISTRACTIONS.
Helps keep mind in order & ensures quality output.
As Taleb says , we need randomness, mess , adventures. uncertainty , self discovery and trauma - All of it ; to make life worth living .
Let's become Anti fragile by
learning to get rid of things that make us Fragile .
HOW ?
👇
16/ To sum it up ,
These are the 10 Rules of Ikigai.
ALL SEEMINGLY OBVIOUS.
But ultimately we need to delve deep within ourselves to find OUR IKIGAI - Our purpose .
The book just emphasises on certain aspects and approaches that help us on our self discovery journey.
17/17
We all have the capacity to do noble or terrible things.
The side of the equation we end up on depends on OUR DECISIONS , NOT ON THE CONDITIONS in which we find ourselves.
Here's my list of #BooksToRead for #investors . It is NOT an exhaustive list ,for there is NO END TO LEARNING.
I have tried to incorporate different learning aspects of #investing here .
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 .