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.