January is named after the Roman two-faced god #Janus. It’s time to look back at what you’ve achieved and look forward to what you’ve got to do.

3 solid reasons to review your #financialplan in 2021. Are you confident that your financial plan is still relevant and adaptable? Are you in the best of #financial health?

You are not the only one influencing your #financial future! We show you how the world is influencing your financial outcomes. Tell us how you tackled these changes in the comments below!

We recommend reviewing your plan every year. What we’ve done for clients during reviews. To review your #plan today call +919500027285!

#financialplanning

What triggers people to take #financialplanning seriously?
1. Medical emergency
2. Career transitions

1/ Hey guys, remember that time Steve Bannon ran an army of game virtual currency miners in Asia, for sale to westerners at discount prices, arbitraging attention for profit?

That was

2/ “The company was founded by former child star Brock Pierce, and Bannon was an investor. Bannon managed to convince Goldman Sachs to plow $60 million into a company that sold imaginary goods in an imaginary world.”

In 2020, Brock Pierce ran for President. Guess who...

3/ was Pierce’s campaign manager?

Brittany Kaiser, the fake whistleblower who left Cambridge Analytica in late March 2018 — right *after* it blew

4/ Guess who was all excited about today’s $GME activity? Steve Bannon and Russia shill, Jack Posobiec. They called it a “populist uprising against Wall Street.” That’s cool... just leftists, Steve Bannon, and Russia shills cheerleading for the same stuff. It happens...

POINTS RELATED TO #MSP

1) MSP does not have any legal backing till now and farmers can't demand it as a right. Its just government policy and an administrative decision to purchase food grains at MSP. And govt can't even force private players to provide MSP. 👇

And even the new Farm Bills does not mention "MSP" or " government procurement".

CACP, which recommends MSP, is again not a statutory body and its just an office attached to Ministry of Agriculture. CACP just recommends MSP but the decision on fixing and even not fixing 👇

and its implementation lies with Govt.

See there are two things, ONE is declaration of MSP and the SECOND is procurement of food grains at MSP by Govt. Agencies. The declaration of MSP has no meaning (its worthless) if Govt. agencies are not procuring at MSP. 👇

Govt. declares MSP for 25 crops but procurement mainly happens only of Wheat and Rice from Punjab and Haryana. Its practically impossible to purchase the entire 25 crops from all over India at MSP. And there is whole lot of CORRUPTION in FCI MSP operations and govt. 👇

is loosing lakhs of crores of rupees every year in subsidy, not resulting in any benefit to poor but helping only few big farmers. THAT IS WHY GOVT. don't want MSP to make a LEGAL RIGHT.

2) Why farmers are scared about the agri reforms???👇

$GLNG Golar vende Hygo y GMLP. La transacción libera valor inmediatamente. El stake de Hygo ha sido comprado por 18.6M acciones de $NFE y $50M, mientras que la venta de su MLP $GMLP reporta $78M. Al precio actual de NFE, la transacción equivale $1.28bn vs $1.5bn GLNG market cap

En mi opinión Golar podría haber conseguido mayor valoración a través de la salida a bolsa de Hygo. Sin embargo, acabamos de aumentar notablemente la valoración de Golar de LP. ¿Por qué? Golar estaba atado a Hygo con la IPO ya que tendría un stake del 40% y Stonepeak otro 40%

Golar no podría vender su participación y obtener cash para centrarse en el negocio realmente diferencial, FLNG. A raíz de esta transacción Golar posee un 9% de NFE que creo que venderá en los próximos años para acelerar el negocio core. Además, al mismo tiempo se deshace de GMLP

Cada proyecto nuevo de FLNG aumenta la valoración entre 7-10$ y ahora mismo la mayor barrera para nuevos proyectos es el balance débil de GLNG. El FLNG requiere una fuerte inversión inicial ($700M) que se sustituye por deuda en el momento en que el FLNG se encuentra operativo.

Con los precios actuales de LNG en Asia esperamos Hilli completamente operativo en 2H. Además, con el nuevo cash creemos que Golar puede acelerar los proyectos FLNG en pipeline y anunciar Gimi II en los próximos 12-18 meses. Esto incrementaría el precio objetivo de Golar >35$

One of the most influential songs that I can recall is “All Along the Watchtower.” Have you ever really listened to it? This was originally written by Bob Dylan, covered by innumerable artists. Each putting their own spin on the ball as it approaches the plate, and in almost

every case it’s a grand slam. Think of how it begins. It’s in the A minor key, dark and driving. Like a hard rain at your back. The song literally starts off with the musical equivalent of “It was a dark and stormy night…” And there it is, the chords drilling you down into

the spot you’re standing. Try to keep your stride as the intro unfolds. The rhythm arrests you in place – you’re about to hear something important, you can’t miss this. Like an approaching freight train, the locomotive barreling down nearly out of control. You can look away

just the same as you can look away at a car accident you know is about to happen. Out of nowhere you get a taste of the scene, it’s heavy to match the beating wall of sound. “There must be some kind of way out of here, said the Joker to the Thief…” So now we have a

conversation. Two associates, clearly involved in the daily grind coalesce out of the mist. There’s a Joker and a Thief. Who among us has trouble immediately relating to at least one of them? The Joker, obviously troubled. Insanity creeping inwards. The world aflame.

Follow up post on GME answering common questions (e.g. if they short is still >100% of float, wouldn't that cause another short

1/ Official short interest is only posted twice per month. Daily estimates by data firms (e.g. S3 Partners) can be inaccurate, especially if there is high intraday volume and volatility

2/ De-grossing suggests that hedge funds facing existential loss likely to have already covered.

Short positions opened in last 3 days was ~35M shares all above $300 suggesting that the cost basis has been reset. The original shorters have likely covered already.

3/ There is a staggering 1.38m put options open vs. 233k call options. This 1.15m net put exposure means that MM likely owning ~11m shares short for delta hedging. These shares are unlikely to be squeezed

4/ Short squeeze and gamma squeeze likely to have already occurred. Continued share price increases likely driven by new investors joining WSB/RH. Buying of GME has now expanded beyond US to other countries.

One of my fav docs to come back to during all market cycles. Covering Investment principles, checklists, economic cycles/bubbles, value traps & more. Phenomenal compilation by @pcordway👏

cc: @dmuthuk @Gautam__Baid @saxena_puru

Some of my fav content.⬇️

https://t.co/TIkvktVoJC

Pretty good process and checklist.

Tenets from "The Warren Buffett Way"

Some lessons from Ben Graham

Phil Fisher's 15 Questions and 10 Don'ts.

Northkoreas foregin policy,

Most important Nortg korea follows its 주체(Juche) ideologi, wich in short means self-reliance (Independent for itsself) based on historical inavsions by other nations, China,Japan,USA. Causing a genral hostlitiy against US allies.

-Good relations can be saied are
1.China wich is the life source and only one who can curb North korea, but China is in need of North korea as China dosnt want the USA via South korea at its border and so China dose everything to maintain the status of NK. China cant comdem NK

2014 China condemed NK for a nuclear test wich was btw recorded as a 5.3 earthquake. But at that time Kim Jong-un had to show strength to get full controll of the army and curb rivals. NK gets everything needed via China also its the cause of always possible collaps with news.

Russia.

Russia also wants to avoid more US troops at the border and esspecialy in its weaker east but Russia sees in NK a good buyer for missles and gives so sometimes its save veto in the UNSC. All sanctions were due to nuclear tests Russia couldnt prevent without losing face.

Russia and North korea etablished a special industrial cone ar its 18km long border in Rizon for a cooperative production as Russia sales the good and gives money to the Northkorean regime. Kim also visited Putin already in Wladiwostok. Russia buys many minerals from NK.

#Milan 2019/20 accounts cover a season when they finished 6th in Serie A and reached the semi-final of the Coppa Italia, but were excluded from Europe for FFP issues. Second season under the ownership of American hedge fund, Elliott Management Corporation. Some thoughts follow.

#Milan pre-tax loss widened from €143m to €192m (post-tax €195m), the worst result in club’s history (partly due to COVID), as revenue fell €56m (25%) from €228m to €172m, while profit on player sales up €3m to €15m. Expenses slightly lower, including €30m exceptionals.

#Milan largest revenue decrease came from broadcasting, down €42m (40%) from €105m to €63m, though match day also fell €10m (31%) from €34m to €24m and player loans were down €5m to €8m. Commercial was slightly higher, up €1m to €77m.

As a technical aside, this international definition of #Milan €172m revenue is different to the one used in the club accounts, which also includes €20m gain on player sales plus a tiny increase in asset values, giving revenue of €192m, down €49m (20%) from prior year €241m.

#Milan wage bill was cut €24m (13%) from €185m to €161m, while other expenses were down €7m (8%) to €88m. Player amortisation rose €14m (18%) to €95m, while player write-downs increased €18m from €2m to €20m. Net interest decreased €4m from €10m to €6m.

[Thead] Ben Knapper - Arsenal's Loan Manager.

It is usually the big guys, your Artetas, Edus and Vinais who make the headlines for Arsenal but there are so many more men and women who are putting in their best to make Arsenal successful and Ben Knapper is one of them.

His presence might surprise a few but Ben Knapper would be playing a key role during this transfer window as he would looking after some of Arsenal's brightest prospects in William Saliba and potential Joe Willock and Reiss Nelson.

In this thread, I'll discuss

- The background of Ben Knapper and the post he holds.
- His primary duties.
- His impact.

Ben Knapper first joined Arsenal in 2010 as an Analyst from statistical analysis firm Prozone. He has since then worked his way and was promoted from the post of senior football analyst to newly created post of Loan Manager in February 2019.

Arsenal didn't have a loan manager for a long time, though after observing several top Premier League adopt the new model and employing loan manager and few incidents of mismanagement of players out on loan, Arsenal final created a post of loan manager.

just gonna come out and say that it should be considered criminal to force 400 million people into a nine month long period of isolation with no end in sight, no form of easily accessible mental health care, no adequate financial or tenant protections, and cap it off w/$600 each

Quarantine has had astronomically dire consequences on a wide variety of levels. The USD has fallen by 14% and is continuing to plummet, causing a hyper inflation in an already unstable economy. In May, the unemployment rate was nearly 15%—the worst since the Great Depression.

Conservative estimates confirm our homeless population to be at over 500,000, but experts estimate that the number is vastly greater due to lax enforcement of eviction and foreclosure moratoriums across the country and place the number closer to a million.

A survey proved 31% of Americans have experienced anxiety or depression, 26% have experienced trauma/stress, 13% have begun or increased their substance abuse, and 11% have attempted or considered suicide since March. The actual numbers are expected to be much, much higher.

According to Yelp, by May there had been a 60% increase of permanent business closures & over 100,000 businesses have shut down. These are mainly independently owned restaurants, daycares, salons, tattoo parlors and small gyms. 1 in 5 businesses WILL close before quarantine ends.

If the connotation of risk is an intertwined concept and is difficult to quantify, how does a Risk Officer look at it?
Is there any way other than using copula models to determine systemic risk with long tails or a black swan event?
@CQFInstitute @GARP_Risk @SOActuaries

I guess we are worried about Market and Credit Risks or other interrelated financial risks which can create conjoint loss given events.

Any #Gaussian distribution model will enable you to model and predict potential Operational, Liquidity and Balance sheet AL - (Asset - liability) Mismatch, Market and Credit drove losses under normal market conditions.

But in the financial sector, the trend has been to emphasize more on #material and #quantifiable risks, which adhere to SPC #Statistical Process Control such as Credit and Market risks, at least in the context of financial instruments with a #linear pay -off.

Research has shown that even in the financial sector most of the #tail #risk event impacts are #Operational in nature=>
•75- 80% of the loss given events are classified as Operational #LGE - (LOSS GIVEN EVENTS),
•Only 15%- 20% of the LGEs are driven by Market or Credit or both

A 21-Tweet summary of 𝗧𝗵𝗲 𝗣𝘀𝘆𝗰𝗵𝗼𝗹𝗼𝗴𝘆 𝗼𝗳 𝗠𝗼𝗻𝗲𝘆, by @morganhousel.

1/21
A genius with poor emotional control can be a financial disaster.

An ordinary person with a handful of behavioral traits can be wealthy.

2/21
Every person has unique experiences that shape their views about money.

What makes no sense to you might be completely rational for someone else.

You don't know what they know.

Don't judge their monetary decisions based on your worldview.

3/21
Not all success is due to hard work. Not all poverty is due to laziness.

Acknowledge the role of luck and risk in all outcomes.

When you're taking risks, try to protect your downside.

When you get successful, acknowledge the role of luck.

4/21
'Enough' is a decision, not an amount.

Learn when to make it, and don't fall into the trap of risking your reputation for the chance to earn more money.