Would love to see a bigger and better example ! @kukdookoo
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Mistakes People Do In Mutual Funds
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People run away from mutual funds when they are in losses ! People need to learn waiting ! 3 months waiting has given 60k increase in value !! Note : Mutual funds are subject to market risk . Pls invest with help of an advisor !
If i had exited in march, would have faced 5k losses ! Now I am sitting on 60k profits !
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U don't time mutual fund at all, invest systemically and redeem only when u meet ur target amount or when u need it, else market up down profit and loss don't bother, better don't even see what p/l u getting only review once in a year
What is third i financial advisors?
It is not just MF, it points to any equity or equity linked product - https://ibb.co/t...60
Basically, FB and Shopify gave me -xx returns but I waited and bought more, Adobe gave massive run up recently.
Expedia is still double digit -ve but I am bullish about them. Tesla and Coinbase are currently -ve and I bought them for swing trading but I am not very active (missed 30% profits).
@third.i.financial.advisors write a thread on how to file income tax(which forms to select etc.) while showing FA if a person is investing in us stocks? it will be benficial for many + @Kochiro @abhishekkjain
Schedule FA is mostly done wrong by CAs they do all incorrect valuations in INR, for volatile currency exchange rates and volatile stocks like coinbase/uber/tesla it is hard to predict max value of investment in INR.
Indmoney and Cleartax have good articles.
https://www.indmoney.com/articles/us-stocks/us-...
https://www.indmoney.com/articles/personal-fina...
https://cleartax.in/s/resident-indians-should-d...
I can help if there are any specifics.
Note I don't take DTAA yet as the CA cost was more than the gains coming out from the agreement. I will definitely use it this year.
These are MF through zerodha, I have few old directly through fund housed sitting at around 16%.
My MF didn't do much good, 20k SIP started 10 months back. This was shared by IndMoney Advisor who later by end of year said 2023 will give 0 returns and good for swing trading only.
my three year old portfolio. have to pay 4 lakh capital gain for moving money from some mutual funds
can you be my financial advisor
@third.i.financial.advisors screenshot from which app/website in your original post ?
I could never understood the reason behind downvotes. Jahan dekho waha downvote self promotion..
From my brief experience I have observed a couple of mistakes people usually do.
- Not knowing the risk
- Not knowing the type e.g. Thematic Funds, Small Cap, etc
- No patience
- Ask/ Don't ask questions
- Follow the band wagon
- Not taking a professional help
Ego comes into play.
So much information
Following this thread
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U don't time mutual fund at all, invest systemically and redeem only when u meet ur target amount or when u need it, else market up down profit and loss don't bother, better don't even see what p/l u getting only review once in a year
Would love to see a bigger and better example ! @kukdookoo
my three year old portfolio. have to pay 4 lakh capital gain for moving money from some mutual funds