A community of peers, on their journey of financial planning and freedom. Founded by @contliving and @aggyabhishek
May 6, 2021 • 31 tweets • 7 min read
Does It Make Sense To #Invest In The National Pension Scheme?
A thread 🧵👇
National Pension Scheme is a defined contribution scheme launched in 2004.
There are two vehicles to make your investments in:
1️⃣ Tier 1
Tier 1 is primarily for retirement where you get the tax benefits as well.
Apr 7, 2021 • 12 tweets • 3 min read
You spend most of your waking hours working to pay for your day to day expenses and provide for your future.
But most folks barely spend few minutes before making financial decisions.
A 🧵 on financial mistakes that you can avoid early in life -
1. Acting on financial advice from relatives and family.
Buying LIC policy / real estate / fixed deposits. Such investments don't grow with inflation. Concept of compounding & wealth creation are understood very late in life.
Rule - Don't ride on the same bike as every one else
Apr 1, 2021 • 17 tweets • 5 min read
We took a look at PPFAS Flexi Cap Fund today.
You can learn a lot in less than five minutes. We have done the work for you.
Background -
@PPFAS mutual fund was founded in 2013 but its roots go back to early 1980’s when Mr. Parag Parikh, founder of the fund, established Parag Parikh Securities Limited in 1983.
Feb 3, 2021 • 8 tweets • 2 min read
A thread on thinking about emergency funds -
What Exactly Is It?
It is the answer to unplanned events that lead you to look for money at the wrong places. Examples - medical emergency, job loss or any other unusual expense.
How do you define emergency?
It must be an event that needs urgent attention.
It must be unplanned.
The consequences of not taking care of such an emergency could be much worse.
