https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349586
Would love to see a bigger and better example ! @kukdookoo
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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https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349694
just today someone posted on reddit that he made 250%+ gains in adbe within 4 months. it seems ai will take the markets to pluto and beyond. not wasting time to take screenshot and post here as kuch logo ki jal jaati ha.
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https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349614
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
https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349637
What is third i financial advisors?
https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349643
It is not just MF, it points to any equity or equity linked product - https://ibb.co/t...60
https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349647
Can you share your portfolio bro ? where do you invest ?
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https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349701
Basically, FB and Shopify gave me -xx returns but I waited and bought more, Adobe gave massive run up recently.
https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349710
How to invest in US market ?
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https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349716
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).
https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349736
@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
https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349770
I was paying 1k a month to IndMoney to file my and my family taxes + advice, they had to shut down the process as they entered as Indian stock broker. I am not sure on specifics but that's what I learnt. Only old active subscribers were kept.
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.
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.
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https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349782
These are MF through zerodha, I have few old directly through fund housed sitting at around 16%.
https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349788
When did you start?
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https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9349797
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.
https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9350295
10 months old started mutual funds are doing really good ... whats your portfolio like ?
https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9350012
my three year old portfolio. have to pay 4 lakh capital gain for moving money from some mutual funds
https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9350083
can you be my financial advisor
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https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9350370
@third.i.financial.advisors screenshot from which app/website in your original post ?
https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9351345
I could never understood the reason behind downvotes. Jahan dekho waha downvote self promotion..
https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9351355
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
https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9351373
Ego comes into play.
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https://www.desidime.com/discussions/mistakes-people-do-in-mutual-funds?page=1#post_9352006
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