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Ravisutanjani Kumar Profile picture
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19 May, 4 tweets, 2 min read
Okay so now everyone can see bloodbath around #cryptocurrency 🛑

Let me tell you something, I’ve been in crypto before the trend, invested through Unocoin in 2016.

My holdings were locked till Supreme court orders, and booked massive gains in the last really!

Learnings ⬇️🧵
I never ever consider #cryptocurrency as an asset class and strictly advice to anyone if you’re investing for diversification etc.

Beware from people who talk about decentralisation, future etc!
You can take a ride if you’ve excess cash and you’re ready to lose it,

There’s a high probability that it may give you massive returns or can become 0 as well.

Understand your risk profile before investing, Elon Musk and your friends wouldn’t compensate for your losses!
If you don’t feel comfortable with equity markets, didn’t explore Mutual Funds and blindly invested/investing in crypto based on some stupid recommendations, social media etc.

You probably deserve to lose your capital, Sorry if my words hurt you but that’s how this works! ⬇️

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More from @Ravisutanjani

Ravisutanjani Kumar Profile picture
20 May
If you use Credit Cards, this thread is for you.

We’ll discuss some cool hacks to understand payments, save fees and how to avoid charges!🧵⬇️

#Payments #Fintech #Banking #CreditCards 💳
Credit Card Bills aren’t like Electricity Bill and you can literally pay any amount whenever you want, regardless of billing cycle and dates.

e.g - You can pay in advance or even before bill generation date for 0 outstanding. (1/n)
Now this is very important, we’re talking about Payment.

Always consider paying in full and don’t carry forward balances to the next month, minimum due is a trap. In case if you’ve large debt, take a personal loan and settle off your dues asap! (2/n)
Read 10 tweets
Ravisutanjani Kumar Profile picture
18 May
I had started trading in the Equity Market way back in 2016. Had absolutely no idea about the stock market so made a lot of mistakes and have learned some meaningful lessons.

I see people share their profits but showing losses are equally important, Here you go! ⬇️💡🧵
2) Except for some initial losses, I've been profitable in Equity. I never enjoy Intraday trades so BTST and Delivery worked well in my case,

In 2020 IPOs had a major share in making number greens. F&O is a big 'No' unless you’re giving full time and have such a risk appetite.
3) In 2017 I was sitting with around +60k in equity profits and 3 big trades (wrong) turned everything red 🔻 so I'd to take a break.

Tried to fun with F&O in 2020 and again lost a big sum of money, profit of +95k turned into -41k due to some stupid calls and 'GREED.'
Read 16 tweets
Ravisutanjani Kumar Profile picture
17 May
Gold is one of the most favoured investment options for Indians and it works as a hedge against inflation.

Sovereign Gold Bond 2021-22 Series I is open for subscription from May 17, 2021, to May 21, 2021

Date of Issuance-May 25, 2021

SGB Price-₹4727/g
Gold Price-₹4979/g
SGBs are government securities in grams of gold, issued by the RBI on behalf of the Government of India.

Official information is on the RBI webpage - rbi.org.in/Scripts/FAQVie…

If you have an 8-year horizon, SGBs are the best choice as you can save LTCG tax.
Where can you buy SGBs?

You can buy it from your bank, post offices, NSE/BSE, either directly or through agents.

You can apply for Sovereign Gold Bonds through your Net Banking or Demat accounts, like Zerodha, Upstox etc.

zerodha.com/gold/
Read 11 tweets
Ravisutanjani Kumar Profile picture
15 May
5 Years and 21 Credit Cards, ⬇️

Never paid a single ₹ as int, charges or penalty, using high-end cards that includes 3 American Express, 2 HDFC Diners, Citi etc.

Churned around 3 Lakhs till date in the form of Airline, Hotel Voucher, Cashback etc. (I maintain a tracker!)
I can certainly understand if someone uses a CC without any discipline they’re bound to fall into the debt trap,

As I said, it’s a pure blessing for people who know how to use them effectively, my TL is full of information about CCs and their amazing benefits.
You can conveniently pay via your bank accounts like UPI or Debit Cards, but technically you're funding the MDR which merchants pays to Bank/PG and they spends money on marketing,

That benefits aware CC holders, obviously banks doesn’t like us who pays before or on-time.
Read 6 tweets
Ravisutanjani Kumar Profile picture
15 May
When I started my professional career, I took some time and designed a spreadsheet to track cash inflows, investment and spends.

Planned my taxes, read, researched, when salary increased my SIP multiplied but one thing remains constant -

‘Consistency and Patience’ ⬇️💰
Couple of my friends at college and office colleagues used to criticise me for planning everything so early.

I could have chilled and enjoyed things in the flow instead of investing etc.

But rather I chose to ‘spend everything I earn on the name of investments in equity’
In the last 5 years I took around 7-8 international trips and covered more than 130 cities in India,

Bought so much so-called materialistic stuff for myself and my family, Did party and cherish every moment of life.

I don’t have any regrets nor I feel that I missed anything.
Read 5 tweets
Ravisutanjani Kumar Profile picture
14 May
Ever explored quite underrated but yet powerful platform DigiLocker?

Have been using it for around 4 years and would really urge all of you to pay a visit this weekend and get your most important documents updated.

Really helps in an emergency! 🧵 ⬇️
You can sign-up on @digilocker_ind Mobile App or at accounts.digitallocker.gov.in/signup by just using basic details and Aadhar Number

Post-sign-up, you will see a dashboard like this. ⬇️

You can pull your documents from the issuer, can also upload your important documents by scanning them Image
Like currently, I've fetched around 20 documents like-

Aadhar Card
Birth Certificate
Class X/XII Mark-sheets
Domicile Certified
Driving License
Income Certificate
LIC Policy
Life & Term Insurance
PAN Card
Vehicle Registration
UAN (EPF)

It's pretty to use actually. Image
Read 6 tweets

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