myfinology Profile picture
Feb 14 8 tweets 2 min read
When Trading met Social Media! 🤩🤩

A Thread! 🧵(1/8)

#stockmarket #finance
Social media has entered people’s daily lives to the point where one can’t eat a meal without sharing it online.

With trading and investment gaining popularity, it’s about time the two facets of people’s lives started mingling. (2/8)
The interaction of these aspects gave rise to Social Trading.

Social trading is a phenomenon where investors publish, observe and mimic each other’s portfolios. (3/8)
The interaction of these aspects gave rise to Social Trading.

Social trading is a phenomenon where investors publish, observe and mimic each other’s portfolios. (4/8)
Social Trading consists of Copy Trading and Mirror Trading.

Copy trading is where the trades are automated, and the assets owned by the user are based entirely on the other trader’s picks. (5/8)
In mirror trading, the autonomy of individual investors is compromised, and the assets are traded based on algorithmic strategies. (6/8)
You might be wondering, “How is this different from the ‘expert tips’ I receive from the many Telegram channels?”

Well, in legitimate social trading, you can see real portfolios and not just claims made by strangers on the internet. (7/8)
Read about Trinkerr, a social trading platform and how it’s making waves among the Indian populace on Finology Blogs (8/8)

blog.finology.in/investing/soci…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with myfinology

myfinology Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @myfinology

Feb 16
Who called #Apple a tech company and not an insurance company!

infact, Apple is the Smartest Insurance Company 😎

Here's why 👇 (1/6)

#NASDAQ100 #stockmarkets
What’s the biggest loss for Insurance companies? 🤔

- Insurance Claim

If policyholder comes & asks for a claim, insurance companies have to pay the claim from their pocket.

But, Apple has found a way to dodge this bullet ⤵️

(2/6)
Apple’s insurance policy for iPhone ‘AppleCare+’ costs around Rs 20K

Without this insurance, if your iPhone’s screen gets broken, you’ll have to shell out around Rs 40K to repair it.

Apple uses this as a bait to sell its insurance policy!

But well, there’s more 👇👇

(3/6)
Read 6 tweets
Feb 16
Did you know? 🤔

In the first half of 2020, India saw a drop of 65% in the arrival of international tourists.

While some in the hospitality industry suffered great losses, some were unaffected.

How? A Thread!🧵 (1/8)

#finance #stockmarkets Image
The hospitality industry is all about people; people to people, and people to businesses. This industry is concerned with services related to leisure and customer satisfaction.

It encompasses all services that cater to the needs of the guest away from home. (2/8)
The following four different sectors make the hospitality industry. 4⃣👇👇 (3/8)
Read 8 tweets
Feb 15
LIC has unclaimed funds of Rs. 21,539 Cr.😲

But, who are the real "Maaliks" of these funds and what LIC does with this fund?

Read the interesting 🧵

(1/8)

#LICIPO #investing
What are unclaimed amounts?

The amount of money that remains due to the beneficiaries or policyholders like :

▶️Maturity claim
▶️Death claim
▶️Survival benefits
▶️Indemnity claims
▶️Premiums refunds

(2/8)
But why does the situation happen?

📌The nominees had lost the original documents
📌 Nominees are unaware of the policyholder having a policy.
📌 Changes in the contract was not notified to the insurance company

(3/8)
Read 8 tweets
Feb 14
𝗦𝗵𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗯𝘂𝘆 𝗠𝘂𝘁𝘂𝗮𝗹 𝗙𝘂𝗻𝗱𝘀 𝘄𝗶𝘁𝗵 𝗛𝗶𝗴𝗵 𝗡𝗔𝗩 𝗼𝗿 𝗟𝗼𝘄 𝗡𝗔𝗩?

Let's answer⤵️

(1/8)
What's NAV?

The Net Asset Value (NAV) of a Fund is the value at which an investor buys or sells the fund’s units; i.e. price per unit of the Mutual Fund.

NAV = (Total Assets – Total Liabilities) / Number of Units

(2/8)
NAV of a fund clearly impacts your returns while investing, which is why people feel what share price is to stocks, NAV is to funds.

So what should you pick?
Mutual Funds with high NAV or Low NAV?🤔

(3/8)
Read 8 tweets
Feb 12
Tax Saving tips you probably didn't know 😯

Read the 🧵to reduce your tax liability in the current year (2021-22)

Hit “Re-tweet” to share the information with maximum people

(1/8)

#taxes #TaxSeason #investing
1) Booking Capital gains :

The Long term capital gain on equity shares & MFs are taxed at the rate of 10%, if your gain is more than Rs. 1 lakh.

So, you can strategically plan your long term investments by booking LTCG upto 1 lakh and reinvesting the money next day.

(2/8)
2) Tax-loss harvesting

If any of your equity holding is experiencing a consistent fall & you feel that the security has lost most of its value & chances of a rebound are bleak, you can offset the loss against capital gains that your portfolio has earned over the period.

(3/8)
Read 8 tweets
Feb 11
Answering every iPhone-lover-new earner's query once & for all👇

Should I buy an #iPhone on EMI?

Please ‘re-tweet’ & help us educate more investors

(1/10)

#personalfinance #investing #loans
Let's understand this with a real example :

I earn ₹35K p.m, live in a rented flat in Mumbai & pay EMIs of ₹10K p.m for education loan.

I'm planning to buy an #iPhone12 on 9-months EMI.

Can I afford to buy now? 🤔

(2/10)
Before moving to 'buy / not to buy' decision, you should understand ur current spending status first. (Recipe.finology.in > Prosperity Ingredients > Spending Habit)

Say, rent 8K, food 5K, fuel 2K, clothes & outings 5K & existing EMIs - 10K.

Which means you are -

(3/10)
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

:(