Listened to an excellent episode of Paisa Vaisa podcast with:

Monika Halan @monikahalan author of the best-selling book "Let's Talk Money" hosted by Anupam Gupta @b50

A thread 🧵 on key takeways from this excellent podcast.
#PaisaVaisa
@IVMPodcasts

Learnings from pandemic:

~ Need for a bigger emergency fund
~ Move money from equity to emegency funds during bull runs

~ Re-balance portfolio as per market changes
~ Maintain asset allocation

Beware of current environment

~ Unauthorised & unqualified people are giving equity investing advice

~ New investors haven't seen deep crash & scary market environment

~ Times of get rich quick schemes through stock & crypto

Understand your impression about the market

Most youngster's idea of the market is:
~ Driven by the current environment
~ Influenced by the media & news
~ Motivated by bull market returns

Understand who are you?

~ Are you a trader or an investor.
~ Stock market is for all types of people.

Once you understand yourself, then choose the investment path accordingly.