FF is a stage in your financial journey of life where your Passive Income exceeds your living expenses. In other words, you don’t need to pursue active job to afford your expenses.
3/ “Financial Freedom is the ability to quit your job so that u never have to work again”.
-Van K Tharp
Generally when people plan for their retirement their main focus is to find out how much corpus is sufficient for a decent retirement life. The spending part is usually ignored.
The 4% rule is one such plan which talks of the spending phase.
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The 4% rule tells us about how much a retiree should withdraw from his retirement a/c each year which shall continue to provide him a steady source of income without depleting his retirement corpus.
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This is the 3rd post in the series of ETF education. Here I'll explain some negative aspects & disadvantages of ETFs. Much on basics & workings has been covered in previous threads. U may check the same with hashtag #etfseriesbytradersushma
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Let us start with disadvantages of ETFs.
🛑 FLASH CRASH
A flash crash is rapid fall in prices of stock or any other securities, due to a sudden withdrawal of orders, with quickly recovery, usually within the same trading day.
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Trading is still not acceptable career choice in our societal structure but nevertheless it definitely is one option. You can find numerous full time successful traders who earn their bread & butter by trading.
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Is Trading a Legal Profession?
YES
It is one of the most common doubts among many Indian people- whether trading is legal even!
Mostly trading is considered similar to gambling hence this doubt.