BC ALL
Saved by @shubham2122

SIP (Trick) of 1% of the Home Loan amount.

Many call it the SIP trick to compensate for home loan interest.

What exactly is it?

Here is the thread🧵that tries to explain this simple idea 👇👇

(1/n)

 Suppose you take a Rs 50 lakh home loan at 8.5% for 20 years. Your EMI will be Rs 43,391 per month. The total interest you pay to the bank will be Rs 54-55 lakh.

So in total, and including principal repayment of Rs 50 lakh as well, you pay the bank Rs 1.05 Cr in 20 years

(2/n)
Now let’s see what is this so-called 1% SIP trick for Home Loans

(3/n)
You start a SIP for the same tenure as your home loan (20 years). The home loan is Rs 50 lakh.

So SIP of 1% of the home loan amount, comes to Rs 50,000 (i.e. 1% of Rs 50 lakh). This is the annual SIP amount.

(4/n)
Converting this annual investment of Rs 50,000 to monthly figures, we have Rs 4167 or Rs 4200 per month – that becomes your 1% SIP investment.

(5/n)
Your total investment over 20 years would be 20 x 12 x 4200, which is Rs 10.1 lakh.

(6/n)
Assuming your investments generate returns ranging from 9-12%, here is how much you will have in 20 years:

- At 9% returns, you have Rs 28-29 lakh
- At 10% returns, you have Rs 31-32 lakh
- At 11% returns, you have Rs 35-36 lakh
- At 12% returns, you have Rs 40-41 lakh

(7/n)
Depending on returns (9-12%), you will have between Rs 29 lakh to Rs 41 lakh after 20 years.

(8/n)
Even if you deduct your SIP money invested which was Rs 10.1 lakh from the total amount, even then you will get Rs 18-30+ lakh – which, in a way, takes care of a decent portion of your overall home loan interest of Rs 54 lakh, if not full amount.

(9/n)
I have heard people call this approach as SIP based Interest-free home loan, and at times interest-free home loan mutual fund trick, and what not. I don’t want to call it that.

(10/n)
But nevertheless, it’s a useful idea to invest some additional amount so that if need be, you can one day prepay your home loan with the accumulated amount even earlier.

(11/n)
I have written an article on this topic as well. Please do check –

Doing SIP of 1% of the Home loan – SIP Trick?

https://t.co/wqBeUZHQPG

(12/n)
I know you might be thinking that what if instead of monthly SIP, you started doing a monthly prepayment of Rs 4200 per month towards the home loan itself.

(13/n)
In that case, your loan tenure will come down to 17 years (from 20), and your total interest outgo will come down to Rs 42 lakh (from Rs 54 lakh).

(14/n)
If home loan prepayment interests you, then do check the 3 popular threads I wrote 👇👇

(15/n)
How to quickly prepay Rs 50 lakh home loan in a few years 👇👇

https://t.co/XNiJz2sEKe

(16/n)
What happens when you pay just ONE extra EMI every year towards your home loan -

https://t.co/EFnOtJEz0a

(17/n)
When is the best time to prepay your home loans 👇👇

https://t.co/e187EDmHbG

(18/n)
So eventually, it is up to you. Some want to get rid of their home loans quickly (& as fast as possible). Others want to just keep paying the basic EMI & let the loan run its course. They instead invest extra amounts elsewhere (mostly equity) to get higher returns.

(19/n)
Depending on what your risk appetite and preferences are, you should pick an approach accordingly.

But remember - Your home loan is not your only priority. You need to invest for other financial goals as well. So don’t get too obsessed with the home loan prepayment.

(20/n)
That was the thread about 1% SIP of Home Loans. If you found this thread 🧵useful, then do share it with others.

You can also retweet the link to the first tweet of this thread to spread the word. Link below 👇👇

https://t.co/JFI3CkC1lj

More from All

libertyandjusticeforall
libertyandjusticeforal...
@Mark923to25
1. #Qanon told us that Saudi Arabia is a central piece of the puzzle in taking out the Deep State...we are watching the Deep State attempt to remove Crown Prince MBS and disrupt Pres Trump's administration's ties with MBS and the "new" Saudi/US coalition. Early in his admin,


2....@Potus sent Jared Kushner (JK) to SA on an undisclosed trip and told King Salman that business as usual was over, and if he wanted Pres Trump's support, Prince Alwaleed would have to be divested of $ and power; Alwaleed is one of top Deep State $ men and was tied to HRC.


3. @Potus knew that before he could begin cleansing the US and the rest of the world of the DS, he would have to cut one of the financial head's off the snake (Alwaleed). After JK met w/ King Salman, Alwaleed was arrested and divested of billions; MBS became leader of SA.


4. SA loves Pres Trump because he's a man of his word; SA could not trust Hussein or Clintons because they use SA for oil and leverage; SA has many factions, but essentially you have the new and upcoming SA that is attempting to modernize through Crown Prince MBS, and then you


5...have the old guard represented by Alwaleed who was one of the Deep State financial heads and loyal to the DS more than SA; SA knew Hussein was financing Iran to hold western world hostage, and SA was caught in middle of Deep State black mail; this is why @Potus was celebrated
ALL
Anu Satheesh \U0001f1ee\U0001f1f3
Anu Satheesh 🇮🇳...
@AnuSatheesh5
Stories of Guruvayurappan
Shri Krishna Leela

This is a beautiful story of Guruvayurappan. Once there lived in Guruvayur a poor family. Kitta, his wife & kids were struggling for their daily needs. With only a coconut tree in house, he earned a living by selling coconuts.


Kitta was from a low caste family. He was a great devotee of Guruvayurappan. Everyday before going to work he always prayed infront of a picture of Guruvayurappan in his house. His only wish was to worship at Guruvayur & have annadanam in temple. But he was not allowed there


It was Utsavam time in Guruvayur. From far behind kitta and family worshipped Guruvayurappan. Annadanam was given daily and no one was left empty stomach. Only Kitta didn't receive. That night, it was only Kitta's family who was sleeping without food. After temple nada closed


Shri Krishna, dressed himself as a Brahmin went to temple Kitchen. He packed food and went directly to kitta's house. Reaching Kitta's house, Shri Krishna told he was sent by a cook of Guruvayur temple and gave them the food he packed. Kitta and family was very happy seeing food.


When Kitta finished his food, Brahmin asked it will be better if he get a tender coconut( karikku)to drink. Kitta climbed the tree and gave all coconuts to him. After having 1 tender coconut, the Brahmin asked to bring remaining coconuts to Guruvayur temple the next day.
ALL
Advertisement
\u0936\u094d\u0930\u0940\u092e\u093e\u0932\u0940 \u0939\u093f\u0924\u0947\u0936 \u0905\u0935\u0938\u094d\u0925\u0940
श्रीमाली हितेश अवस्थी...
@HiteshAwasthi89
#Thread
Lessor known facts of Sudarshan Chakra or Neela Chakra of Puri Jagannath Temple.

The metal wheel at the top of Bhagwan Jagannath temple is also known as Neela Chakra (Blue Wheel). The wheel is made of eight metals comprising of.. 1/n


iron, copper, zinc, mercury, lead, brass, silver & gold. It's circumferance is about 36 feet & it is so designed that there is a wheel within the wheel. The circumferance of the inner wheel is about 26 feet. Eight hubs join together the inner and the outer wheels. 2/n


There are decorative designs on the outer wheel. The thickness of the Neela Chakra is 2 inches.The wheel is said to be Bhagwan Vishnu's most powerful weapon, Sudarshana Chakra. Inside Jagannath temple, Lord Vishnu's wheel is also worshipped in the name of 'Sudarshana'. 3/n


But inside the temple Sudarshana is not in the shape of a wheel, but in the shape of a small wood pillar placed to the left of image of bhagwan Jagannath. It is believed that the same Sudarshana is also at the top of the temple and is known by the name of Neela Chakra. 4/n


There is a specific category of people among the temple sevaks to serve the Neela Chakra and they are known as Garuda Sevaka or Chunara Nejoga. The pilgrims hold these sevaks in high esteem because everyday at Sunset. 5/n
ALL
Ben Meer
Ben Meer
@SystemSunday
The best morning routine?

Starts the night before.

9 evening habits that make all the difference:

1. Write down tomorrow's 3:3:3 plan

• 3 hours on your most important project
• 3 shorter tasks
• 3 maintenance activities

Defining a "productive day" is crucial.

Or else you'll never be at peace (even with excellent output).

Learn more


2. End the workday with a shutdown ritual

Create a short shutdown ritual (hat-tip to Cal Newport). Close your laptop, plug in the charger, spend 2 minutes tidying your desk. Then say, "shutdown."

Separating your life and work is key.

3. Journal 1 beautiful life moment

Delicious tacos, presentation you crushed, a moment of inner peace. Write it down.

Gratitude programs a mindset of abundance.

4. Lay out clothes

Get exercise clothes ready for tomorrow. Upon waking up, jump rope for 2 mins. It will activate your mind + body.
ALL
Hasan Toor \u272a
Hasan Toor ✪
@hasantoxr
ChatGPT is a phenomenal AI Tool.

But don't limit yourself to just ChatGPT.

Here're 8 AI-powered tools you should try in 2023:

1. KaiberAI

@KaiberAI helps you generate beautiful videos in minutes.

Transform your ideas into the visual stories of your dreams with this Amazing Tool.

New features:
1. Upload your custom music
2. Prompt Templates
3. Camera Movements:

Check here

https://t.co/ivnDRf628L


2. @tldview TLDV

Best ChatGPT Alternative for meetings.

Make your meetings 10X more productive with this amazing tool.

Try it now:

https://t.co/vOy3sS4QfJ


3. ComposeAI

Use ComposeAI for generating any text using AI.

It’s will help you write better content in seconds.

Try it here:

https://t.co/ksj5aop5ZI


4. Browser AI

Use this AI tool to extract and monitor data from any website.

Train a robot in 2 minutes to do your work.

No coding required.

https://t.co/nNiawtUMyO
ALL

You May Also Like

Greg Olear
Greg Olear
@gregolear
Strange things are afoot at the Circle K. Let’s sort it out.

[THREAD]


1/ Two nights ago, Rupert Murdoch called on Mitch McConnell, after hours. Since then, two Fox News-related Twitter accounts have not tweeted.

2/ Trump fired Sessions on Wednesday, replacing him with human dildo/Putin collaborator Matt Whitaker. Sessions had asked to stay until Friday and was told to leave immediately. So there was clearly some urgency to install the dildo...er, puppet.

3/ The Democrats won the SHIT out of the Midterms. Come January, the House check on Trump will leave him so hobbled, he’ll be like the dude from Misery.

4/ Trump went to Paris, ostensibly for an Armistice Day centennial event. He skipped the event, and much of the dinner tonight, because of “weather,” which everyone seems to agree is a bullshit excuse.
POLITICS
Khatvaanga
Khatvaanga
@khatvaanga
Starting my 2nd thread on Sringeri Parampara. This will cover the Jagadgurus after Sri Vidyaranya to Sri Shivabhinava Nrisimha Bharati.

It is really very tough to match the brilliance and achievements of Vidyaranya. After whom came 15 - Chandrashekara Bharati [1386-1389].

The next Acharya was Nrisimha Bharati [1389-1408]. Harihara raya found a town for this Acharya - Narasimhapuram. Acharya helped the king by guiding him in political affairs. He also initiated the kind with mahamantras for spiritual development.

Subsequent Acharyas were
15-Puroshottama Bharati [1408 - 1448]
16-Shankara Bharati[1448 - 1455]
17-Chandrasekhara Bharati II [1455 - 1464]
18- Nrisimha Bharati II [1464 - 1479]
19-Puroshottama Bharati II [1479 - 1517]

20-Ramachandra Bharati [1517 - 1560]. Sadashiva Raya was emporer of Vijayanagara during this time.
21-Nrisimha Bharati III [1560 - 1573]
22-Nrisimha Bharati IV [1573 - 1576]
23-Nrisimha Bharati V [1576 - 1600]

24-Abhinava Nrisimha Bharati [1600-1623]. When he visited Malahanikareswara temple for first time he noticed there was no Vinayaka there so he took piece of turmeric and drew outline of Ganesha on a pillar and offered puja.
ALL
Advertisement
\u092c\u094d\u0930\u093e\u0939\u094d\u092e\u0923\u094b\u0902 \u0915\u093e \u0907\u0924\u093f\u0939\u093e\u0938\U0001f441\ufe0f\U0001f441\ufe0f
ब्राह्मणों का इतिहास👁️...
@BRAHMIN_0052
MOHIYAL_BRAHMIN_KING
RAJA_PORUS
King_Porus_History

1)King Porus was a famous Indian king, his real name was #Purushotama. He belonged to PURU tribe mentioned in #RIG_VEDA, the Ancient books of India.


2) Porus ruled the Punjab region and expanded his kingdom between the Jhelum River and Chenab River in the Indian Subcontinent. He was a legendary warrior and more war skills. He made the army most powerful with war skills. Even Alexander had also made difficulty to defeat Porus.

3)Word of Mouth Oral tradition in #Mohyal_Brahmin families since ancient times has kept the Great Saga of their Great Elder known to them as Maharaja “ #Puru” alive.

4) When #Alexander the Great invaded India in 326 BC he was challenged near Taxila by a mere chieftain of the Area. He was King #Porus, a #Vaid_Mohyal. After his encounter with Porus, Alexander met with more resistance near Multan where the forces were predominantly #Mohyal.

5)The Bali rulers of Multan fiercely engaged with Alexander's army in skirmishes in which many senior Generals died. Later during the long and bitter fighting in #Multan, Alexander got hurt by an arrow which pierced his chest ,
RELIGION
Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
SRISAILAM: KASHI OF THE SOUTH (AP)
#andhratemples

The divine abode of Mallikarjuna Swamy (Jyotirlinga) and Devi Brahmaramba (Shaktipeeth).

When Ganesha was married before Kartikeya, he left in anger to Kraunch mountain. Shiva and Parvati also followed him there.


Shiva assumed the form of Jyotirlinga and resided on the mountain by the name of Mallikarjuna. Mallika means Parvati while Arjuna is another name of Shiva
It is also said that once, a princess Chandravathi, saw a cow shedding milk on a rock resembling a shivlingam.
@DubeyYash1911


She started praying to the lingam daily and used to offer jasmine (mallika pushpam) daily. Pleased Shiva appeared before her and agreed to wear jasmine garland (mallika pushpmala) on his head permanently. Since then, Shiva became known as Mallikarjun Swamy.


At this place, Shakti took the form of Bhramaram (bee) to kill Arunasur and settled as Bhramaramba Devi. The place is a Shakti Peeth as the neck portion of Devi Sati fell here.

It is said that by merely seeing the hill, one is emancipated from all his sins and worries.
ALL
Trader knight
Trader knight
@Traderknight007
Pyramiding 2.0

A thread-


What is pyramiding?

It is simply adding to your winners.

Why use pyramiding?

1. It makes your winners bigger than your losers.

• Because you are adding positions when your trades are going your way, you are increasing your gains but your losers will be small comparatively.

2. You lose less during Draw-down time ( it saves you from losing big during whipsaws )

• Many times when the market is in sideways mode, Entering a trade with full risk might not be the best idea.

• So, you test the waters with a small position first, it could be ⅓ or ¼ of your total risk.

• So if the Breakout fails or whipsaws come, then you will only lose a small part of your overall risk.

• Then when position starts to go in your favor you can add to it.

3. It helps you to concentrate on a few trades,

They say that don’t put all your eggs in one basket, but don’t put them in too many either.

• See, Everyone can see charts and find breakouts, pullbacks etc.
ALL , SWING TRADING , PYRAMIDING