Thread by @KirtanShahCFP

Today I am so happy that investors in #Franklin have received some part of their investments back. I am purposely writing this small thread, not to show that I am technically sound but because I want to answer the trolls who made my life difficult over the last 10 months (1/n)

(1) Franklin funds were wound up on the 23rd of April 2020. It was the 9th of April 2020, that I wrote the below tweet and warned my twitter followers on the rising borrowing levels in FT funds and why it was not normal, rest is history (2/n)

https://twitter.com/KirtanShahCFP/status/1248255822380929027?s=20

(2) After the wound up, we had multiple media reports floating on how investors will receive their monies back at the average maturity of the funds, which I believed was otherwise. (3/n)

I wrote a detailed thread (attached) on how only 50% will be recovered in 6 months in the ultra short-term fund as an example, which is how it actually happened ☺(4/n)

https://twitter.com/KirtanShahCFP/status/1254449833102004227?s=20

3) While there were investor associations, couple of large investors & a popular twitter handle misguiding the investor community 2 go 2 the courts, I believed, going to the courts will work against the investors & in the hindsight, 10 months wasted!(5/n)

https://twitter.com/KirtanShahCFP/status/1268166818801295364?s=20

(4) Also did my bit in guiding investors to vote a 'yes' during the winding down (like many others who started talking about FT by then ☺) which actually led to the release of the funds (6/n)

https://twitter.com/KirtanShahCFP/status/1335780611529744385?s=20

This thread is a reply 2 the trolling I went through! Feeling really happy to have contributed in my own small way towards investor awareness

While there have been few handles sharing updates about FT, @SumairaAbidi deserves a special mention for her reporting in this case.