Parag Parikh (PPFAS) Mutual Fund Unit Holders Meet

#PPFASAGM2022 Live Thread 🧵 👇 1/

Neil Parikh (@npparikh6) Sir presenting now. {Am paraphrasing}

'Volatility is a feature not a bug.'

'No asset class is bad, understand the risks' (While talking about crypto)

'AMC shouldn't mean or become Asset Marketing Company'.

Tax Saving is an Art. There are 100+ legal ways to reduce your income tax slab ₹ ₹ ₹.

But only a handful of them is applicable to almost every Indian reading this.

These are the 6 ways you MUST know to avoid paying huge amounts of tax 🧵👇 1/10

1⃣ House Rent Allowance (HRA)

If you're living on rent, make rent agreement & have rent receipts signed each month.

Even if you're living with your parents, you can still make a rental agreement with them - transfer rent each month & claim that as HRA.

Dividend Investing is one of the best ways to achieve financial freedom. There are 2012 different stocks listed on NSE.

But only a few of them are good for long-term investors ₹ ₹ ₹.

These are the 4 things you MUST know for creating your dividend portfolio: 1/10

1⃣ High Dividend Yield is Stupid

Just chasing high yields is a fool's game. You should always look at a dividend stock with context.

Just because ABC gives 4% dividend and XYZ gives 2% dividend - doesn't make XYZ bad for your dividend portfolio.

What to check?...

ETFs are better than most Mutual Funds. There are 122 different ETFs in India.

But only a few of them are good for long-term investors ₹ ₹ ₹.

These are the 5 ETFs that every Indian should own. And YES, you can own Apple, Microsoft etc. with an ETF mentioned below: 1/8

Before going to the ETFs, let's understand what the heck an ETF is?

This is a dumb version of a complex answer: ETF stands for Exchange Traded Fund. ETFs are a type of Index Funds that are directly listed & traded on stock exchanges like NSE or BSE.

Crypto World's largest "decentralized" stablecoin $DAI has started buying US Govt Treasuries to back their coin.

It is the same US treasuries that China is dumping from their reserves because US Govt froze (censored) billions of $ of treasuries owned by Russia.

1/... They'll buy $500 Million worth of treasuries.

In short, if you own $DAI you have to believe that US Govt won't get angry at people running MakerDAO (company running the DAI coin) or crypto in general.

2/4...