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Apr 12 โ€ข 6 tweets โ€ข 2 min read
4 Awesome Ways to Destroy your Wealth ๐Ÿ˜ˆ

Letโ€™s find out โคต๏ธ

#PersonalFinance
โŒ ๐——๐—ผ๐—ปโ€™๐˜ ๐˜€๐—ฎ๐˜ƒ๐—ฒ ๐—บ๐—ผ๐—ป๐—ฒ๐˜†

One of the worst life advice which you could follow is โ€œDo not think about the FUTUREโ€!

It reminds us of the popular KBC contestant Sushil Kumar, who lost his winning prize money worth Rs 5 Cr. due to financial mismanagement ๐Ÿ˜ตโ€๐Ÿ’ซ

#MONEY
โŒ ๐—ง๐—ฎ๐—ธ๐—ฒ ๐—น๐—ผ๐—ฎ๐—ป๐˜€ ๐˜๐—ผ ๐—ณ๐˜‚๐—ป๐—ฑ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—น๐—ถ๐—ณ๐—ฒ๐˜€๐˜๐˜†๐—น๐—ฒ

A big house, a fancy car or an exotic vacation is a dream of many! But no way it symbolizes your financial prosperity.

Many examples like Anil Ambani, Vijay Mallya, etc lost their prosperity to high debt burden ๐Ÿซค
โŒ ๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜ ๐—ถ๐—ป ๐—ฃ๐—ฒ๐—ป๐—ป๐˜† ๐˜€๐˜๐—ผ๐—ฐ๐—ธ๐˜€

A common myth that influences people to invest in Penny stock is that โ€œHow much more can it fallโ€.

Remember if a Rs 2 stock falls to Rs 1, it means 50% capital erosion and to 0 means 100% ๐Ÿ˜
โŒ ๐——๐—ผ ๐—ป๐—ผ๐˜ ๐—ฑ๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐˜€๐—ถ๐—ณ๐˜† ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฝ๐—ผ๐—ฟ๐˜๐—ณ๐—ผ๐—น๐—ถ๐—ผ

The main objective in investing should be the safety of capital and thus, DIVERSIFY!

A lot of people lost their fortune in real estate market crash in 2008 because they were overly exposed to just one asset class ๐Ÿ™„
Well then, what are Awesome Ways to Build your Wealth, you ask? ๐Ÿค”

โœ… Have emergency fund
โœ… Save wisely & manage debt efficiently
โœ… Have ideal insurance coverage
โœ… Prepare ur own asset allocation
โœ… Plan ur goals & start investing

All of this only at Recipe.finology.in

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More from @myfinology

Apr 14
You can save 28 Lakhs while paying a Rs 50 Lakhs home loan ๐Ÿคฏ

Letโ€™s find out how โคต๏ธ
Buying your own house is the best feeling especially when you have been paying rent for a very long time.

Also people feel it's better to pay home loan EMI than to pay rent to a landlord, as at the end of the loan tenure, you get the ownership of your dream home! ๐Ÿ 
But, by the time u repay ur home loan, the interest cost runs into a sizable amt, sometimes 2x of your principal!

For e.g.: A loan of 50 Lakhs will cost you ~ 1 Crore incl. interest of 50.37 Lakhs (assuming 8% int. rate & 20 yrs tenure).

Then how to pay the loan effectively? ๐Ÿค” Image
Read 13 tweets
Apr 13
Who won the Mutual Fund battle of 2021? ๐Ÿ†

In terms of AUM growth:
โ€ข Quant AMC 801%
โ€ข PPFAS 165%
โ€ข PGIM 153%
โ€ข ITI 131%
โ€ข Canara Robeco 70%

Who are the losers? โคต๏ธ

#investing
Highest AUM degrowth:
โ€ข Franklin - 24%
โ€ข Indiabulls - 18%
โ€ข JM Financials - 3%
โ€ข IDFC - 1%

Should you make your investment decision based on this? ๐Ÿค”
The AUM growth of a fund can be because of two reasons:

โ€ข Increase in fund inflow
โ€ข Increase in the market value of holdings/assets
Read 6 tweets
Apr 12
๐ŸŸขFew terms related to Options Trading.

โ€ข In the money
โ€ข At the Money
โ€ข Out of the money
โ€ข Spot Price
โ€ข Strike Price
โ€ข Lot size

Let's understand them in detail. โคต
1๏ธโƒฃ In the money

Call: A call option is In-the-Money when the spot price is above the strike price.

[Spot Price > Strike Price]

Put: When the spot price is below the strike price, it is the In-The-money put option.

[Spot price < Strike price]
2๏ธโƒฃ At the Money

The situation in which the strike price is equal to the spot price is an At-the-money contract.

[Spot price = Strike Price]
Read 8 tweets
Apr 12
Life Insurance penetration of different countries โค๏ธโ€๐Ÿฉน

South Africa 11.2%
UK 8.8%
Singapore 7.6%
Japan 5.8%
France 5.1%
India 3.2%

Let's find out the risks of not having insurance โคต๏ธ

#personalfinance
Lots of people die prematurely every year due to illness or accident.

Imagine the financial and emotional state of the family, if the sole breadwinner passes away!
If you have dependents ๐Ÿ‘จโ€๐Ÿ‘จโ€๐Ÿ‘งโ€๐Ÿ‘ฆ

For replacing lost income, paying for your child's education or making sure your spouse gets the much-needed financial security, life insurance could save the day for surviving dependents.
Read 5 tweets
Apr 1
Few Credit Cards for the following categories๐Ÿ’ณ

โ€ข Salaried Individuals
โ€ข Beginners
โ€ข Premium Credit Card
โ€ข Zero Annual Fee Credit Card
โ€ข Credit Card For Travel

Let's discuss them in detail. โคต
1๏ธโƒฃ Salaried Individual

โญStandard Chartered Platinum Rewards card

๐Ÿ‘‰Joining fee: โ‚น250 + GST
๐Ÿ‘‰Annual fee: โ‚น250 + GST
๐Ÿ‘‰Interest charged: 3.75% p.m., annualized at 45% APR
2๏ธโƒฃBeginners

โญHDFC's MoneyBack credit card

๐Ÿ‘‰Joining fee: โ‚น500 + GST
๐Ÿ‘‰Annual fee: โ‚น500 + GST
๐Ÿ‘‰Interest charged: 3.49% p.m., annualized at 40.8% APR
Read 7 tweets
Mar 31
Take a good look at this list. ๐Ÿ“ƒ

โ€ข Adani Total Gas
โ€ข Tips Industries
โ€ข Coffee Day Entreprises
โ€ข JSW Energy
โ€ข Gujarat Fluorochemical

All these companies are on the ASM list.

But what is this ASM list? Let's Find out. โคต
Should shareholders of these companies be worried?

Well yes & no. ASM stands for Additional Security Measures. Stocks enter this list when they experience extreme price volatility.
Entering this list isnโ€™t a disciplinary action against the company, but an alert to the shareholders regarding unstable prices.
#nifty50 #NIFTYFUTURE
Read 8 tweets

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