20 Timeless Financial Lessons from the book:

"THE PSYCHOLOGY OF MONEY"

– Thread –

$USOIL

With the inching up of reaction lows, the targets are placed at $125 and $134.

In a different case scenario, Let's not rule out the possibility- If the price continues to sustain above the level of $104, Might see a hit towards the level of $150 as well.

#CrudeOil

#ASAINPAINT

With the harmonic pattern in place, the Potential reversal zone is at 2400.

#StocksToWatch

#INFOSYS

Looking at the price structure, A moderate decline between the two peaks followed by a breakdown of the baseline is indicating of hitting Point D.

#StocksToWatch

1/22
I first read this book in 2009 after losing 80% of my monies on Penny stocks as a student when the 2008 drawdown happened.

Thought it was too simple !

Now in 2021, I think this is one of the best books to absorb & implement.

A 🧵

#BookTwitter
#BookRecommendations

2/22
Investing means different things to different people - Be it health/ career/external assets with an intent to reap benefits in future.

So then is everyone an Investor ?
No.
When people do different things with even same investment products we give it a different name.
👇

3/22
Investing is a PERSONAL Plan .
It's NOT a product . NOT a procedure.

One needs to have a clear picture of one's financials BEFORE making an investment plan.

Investment products comprise of items with distinct characteristics DESIGNED to satisfy a particular need.
👇

4/22
Nothing is permanent except CHANGE.
Same applies for market cycles.
Different Asset Classes help us in that.

By smart movement one can increase the velocity of one's money.

It is NOT about timing the markets.
It's ABOUT the trends in an asset class.

Few pointers
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5/22
Many folks acquire Speculative habits mistakenly thinking they are Investing. ☠️

L.T Investing is central for optimum returns.
Markets will be volatile.
But in long run shall only go ⬆️

Some notes on Cash Flow & Capital Gains Model , Speculation & Law of The Farm
👇

21 books that will make you a millionaire this decade 📚

...And a happy one. ☀️

Pair with action; knowledge without embodiment is useless

THREAD //

1. Atomic Habits, @JamesClear

“Every action you take is a vote for the type of person you wish to become.

No single instance will transform your beliefs, but as the votes build up, so does the evidence of your identity.”

2. The Daily Stoic, @RyanHoliday

“Never be so tied to your former acquaintances and friends that you are pulled down to their level.

You must choose to be loved by these friends and remain the same person or become a better person at the cost of those friends”

3. Navalmanack, @naval

“Seek wealth, not money or status.

Wealth is having assets that earn while you sleep.

Money is how we transfer time and wealth.

You will never get wealthy renting out your time.”

4. Turning Pro, @SPressfield

“Fear is the primary color of the amateur.

Fear of failure. Fear of success. Fear of looking foolish. Fear of underachieving.

The amateur fears that if he turns pro and lives out his calling, he will have to live up to who he really is.”

My daughter has just finished reading 'Atomic Habits' and I have started to observe a few changes in her behavior, most notably, she is now better prepared for Sat 7AM swim session. Her swim bag and costume are right by her bedside the night before. I was impressed by this tiny

change so asked her to summarise the book for me. I found it very impactful for behavior change and building new habits so sharing here
@dmuthuk @unseenvalue @nishkumar1977 @connectgurmeet @ishmohit1 if you find it useful, kindly like or RT so that it reaches the wider audience.

1. A large portion of our daily actions are influenced by our automatic habits, habits that have been formed through repetition over the course of our entire life. There are healthy and productive habits that serve us and negative ones that work against us.

2. We are what we repeatedly do and the quality of our lives often depends on the quality of our habits.


Lesson 1: Tiny changes lead to big improvements


“Atomic habits” is all about showing how small and seemingly unimportant changes and adjustments can lead to a massive

3. transformation. If you make a tiny 1% improvement to something on a daily basis in the course of just one year, you end up being 37 times better...37 times better health, 37 times better finances or relationships, even a fraction of that will significantly transform your life

9 Best Lessons From "48 Laws of Power" by Robert Green

- 𝙏𝙝𝙧𝙚𝙖𝙙-

1. Always Say Less Than Necessary

The more you talk the more likely you will say something foolish.

- Ask questions and listen more
- Control what you reveal about yourself
- Avoid revealing your weaknesses to others

2. So Much Depends on Reputation – Guard It With Your Life

You can use it to intimidate and win.

But it can also kill you and the opportunities that present themselves to you.

Being unpopular and going against what's popular might seem cool, but it can harm you too.

3. Win Through Your Actions, Never Through Argument

Any triumph you gain through argument doesn't have much value, won't last long and is a waste of time.

The more you think about this, you realize how true it is.

Focuso on your actions.

4. Avoid the Unhappy and the Unlucky

Emotions can be as infectious as a pandemic.

Avoid people who portray themselves as victims. You won't be able to cure them, so don't sink trying to save them.

Surround yourself with happy and ambitious people.

10 lessons from @warikoo ’s book “DO EPIC SHIT”

An illustrated thread. 🧵

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