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Mar 26 • 4 tweets • 1 min read
Spending money on health insurance is hard but paying your medical bill is HARDER
Investing 25% of your income is hard, but working post 60 is HARDER

#investing #personalfinance
Compromising on your luxury aspirations is hard, but repaying your debt is HARDER
Choose Wisely! 😇

Recipe.finology.in

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More from @myfinology

myfinology Profile picture
Mar 26
Arranged marriage is scary, what if his/her salary is five-digits and EMI six 🤦‍♀️
Arranged marriage is scary, what if their only emergency fund is you 🤥
Arranged marriage is scary, what if his/her portfolio is in GB & not in Lakhs 🙄
Read 4 tweets
myfinology Profile picture
Mar 25
What is BTST Trade?

A Thread! 🧵

#StockMarketindia #finance
BTST stands for Buy Today, Sell Tomorrow, also sometimes called ATST- Acquire Today, Sell Tomorrow.
In BTST, you have the option of selling shares that are not yet received in your Demat account.
Read 6 tweets
myfinology Profile picture
Mar 25
We all do SIP in Mutual Funds kyuki vo sahi hai!

But should we consider SIPs in stocks? 🤔

Let’s find out.⤵️

#stocks #personalfinance #StockMarketindia
What is Stock SIP?

Stock SIP is a simple way to invest in equity market by buying stocks in a systematic amount/quantity on a periodic basis (weekly, monthly, etc.)
What are the Benefits?

⏩In the long run, systematic investment plans vs market-timed investments yield similar returns with negligible difference in most cases.

Additionally, it also reduces the price of volatility risk.
Read 10 tweets
myfinology Profile picture
Mar 24
Few indicators to evaluate the Management of the Company. 🏦

• Promoter’s Background
• Promoter’s Salary
• Capital Allocation
• Related Party Transactions

Let's discuss them in detail. ⤵
1️⃣Promoter’s Background

The factors that define the quality of management include the experience and skills of the promoter or the Board of directors.

#StockMarketindia
2️⃣Promoter’s Salary

As per section 197 of the Companies Act, the total managerial remuneration paid by a public company to its directors should not exceed 11% of the company's total profit.
Read 6 tweets
myfinology Profile picture
Mar 24
Are you buying Insurance this year just to save taxes?

DON'T. 🤫

It could cost you more than it saves in taxes!

Here's how ⤵️
Suppose there is a Mr Rahul who gets Rs 7.5 Lakh a year as his salary (with no other sources of income).

➡️ In India, if you earn more than 5 Lakh, you have to pay taxes.

#taxpayers
But there are ways by which you can reduce your Taxable income. Some of them are:

° By investing up to 1.5 Lakh in PF, NSC, ELSS, Insurance, etc (80C)
° By investing up to 50 Thousand in NPS (80CCD)
Read 15 tweets
myfinology Profile picture
Mar 23
Top 4 ways to save Income Tax in India.

👉 Equity Linked Saving Scheme (ELSS)
👉 National Saving Certificates (NSC)
👉Public Provident Fund (PPF)
👉Employees Provident Fund (EPF)

Let's discuss in detail ⤵
1️⃣ Equity Linked Saving Scheme (ELSS)

Equity Linked Saving Scheme is the only mutual funds category that provides the facility of tax deduction under the Income Tax Act. ELSS comes with a lock-in period of 3 years.
2️⃣ National Saving Certificates (NSC)

NSC is another income tax saving technique that comes with a tenure of 5 years. The National Saving Certificate provides a fixed rate of interest, which is currently 6.8% per annum.
Read 6 tweets

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