BC ECONOMY
Saved by @Alex1Powell

Looking Back to Look Forward: 🧵

Like many, in March 2020 I started feeling very concerned about so many people losing their jobs , not having enough saved to cover basic needs like rent & food for even a month or 2.

And like many wonderful UAE residents, I too did my

 best to support with 💰.
However, they say give a gal 🐟 , & she will eat one day; teach a gal to 🐟 & she'll eat every day.

So partly to quell my anxiety but mostly to help the avg. hardworking person learn how to invest, I started blogging about investing.
If you're new to investing or want a refresher, here is how you can catch up. A short course in blogs & videos.

Lesson 1: Why should you invest?

Well, if we’ve learned anything from this pandemic, it’s the importance of saving for uncertainties.

👀 @ 2 charts below H/T @SamRo
The top 1% holds 61% of their wealth in Equities & only 11% in Real Estate , 12% in 💵

Bottom 50% hold 55% in Real Estate, only 6% 💵 & 4% in Equity.

So, the top 1% have liquid assets that have 👍🏽 compounding effect to grow 💰.
I explain more here:

https://t.co/1nmsgNd2uv
Lesson 2: Budgeting & How To Save

Yes, you want that fancy car, fancy address or clothes, shoes, bags for that extra Instagram shoot. Certainly have fun but remember less is more.

Here’s how I saved 32% of my income in my mid-twenties AFTER taxes.

https://t.co/Mac0XBlpt9
Lesson 3: Time & Compounding Impact

Now that you’re a master & budgeting & saving, here are basic fundamentals of investing.

Time In The Market
Dollar Cost Averaging (Buy Low, Sell High)

Read this to learn more:

https://t.co/BECWNWMU9D
Lesson 4: Thanks to $TSLA, $BTC, etc., Diversification has become a dirty word & not in the naughty way 😉

If you’re new to investing in the stock market, index funds (naturally diversified) funds are a good way to start until you get the hang of things.
https://t.co/oRxIrR7fLT
Lesson 5: Once you get the hang of investing, and you may want to ride the wave 🌊 with a few individual stocks.
But how do you know which to pick?
You must learn to read the financial statements & mgmt reports.
5a:
https://t.co/fOn9ZCDCXO
How to read a balance sheet

https://t.co/UCDDhZtb03
How to read a Cashflow statement

https://t.co/TxoBkbUImh
Lesson 7: Now that you know all about financial statements, how do you quickly assess a stock’s performance?

Can we do that looking at the stock table or chart from yahoo finance website?

https://t.co/vcIAu7uIyG
Lesson 8: Now that you know all about financial statements, how do you compare stocks so you can pick the best as per your analysis?

I compared sports stocks like Nike, Lululemon, FitBit, Adidas etc in this blog.

https://t.co/41CrfqPIdE
Lesson 9: You feel confident and ready to invest but which broker should you choose? What questions should you ask your broker?

https://t.co/bOK7omQClh
Lesson 10: How to compare brokerage firms?
I’ve compared 9 brokerage platforms in this blog so you can choose one that meets your needs.

https://t.co/yaqCLmurk0
Lesson 11: As you start investing you will definitely see the impact of market volatility. It maybe tempting for you to cash out or sell everything in a panic when your portfolio is down.

In this blog I show why holding is better than frequent trading.

https://t.co/ksGrlP8dC8
Lesson 12: As you plan your investments and retirement, I built this nifty calculator so you can figure out how much you need to invest every year to get your goal amount for retirement. Check it out. It’s fun.

https://t.co/o03MoFLZSf
Lesson 13: If you are also keen on investing in Bonds ( buying Government or Corporate Debt) so that you get a fixed amount in interest every year, I briefly explain Bonds & Bond funds here.

https://t.co/OlBT9HfLkt
Lesson 14: if you want to learn how to analyze different sectors or industries, I illustrate the same using Snowflake’s $SNOW’s phenomenal IPO & looking at cloud computing stocks.

https://t.co/UfHDfbxnn0
Lesson 15: if you’ve been excited about recent mind blowing IPO’s, then I’ve read Airbnb’s S1 statements (all 200+ pages) and wrote about it. I expected it to be a $100 B company and it already is. 🤑

But the value investor in me hesitates to buy now.

https://t.co/zf8ylwikEz
🙏🏽 so much for supporting me in 2020 dear twitter friends.
In 2021, I hope to share with you my thoughts on Cybersecurity stocks, Gaming stocks, and crypto and more of what you want to know.

Happy Happy New Year! ❤️❤️❤️🤗🤗🤗

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Shravan Venkataraman \U0001f3a1
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Interpretation of Financial Statements - preliminary filters.

1. Looking for sustainable competitive advantage:

When looking for sustainable moat, you wanna see consistency - in earnings, in having low debt, in having growing earnings, low spending in capital expenditures, etc.

The longer the company has existed, and if it sells you the same product for years (like Coca Cola), it reduces production costs and other costs (R&D, Training, marketing) slowly as the company ages.

When costs are reduced, margins and profits increase.

2. What to look for in an income statement:

Let's take a look at Apple:

i) You want to see earnings grow at a steady pace. Take a look at the net income below.


ii) Another thing that's important is a consistent and high gross margin.

As a thumb rule, Warren Buffett wants to see a gross margin of around 40% or above.

Although not quite 40%, it's around that range with respect to Apple.


Compare this to Apple's competitors.

Samsung's gross margins are around similar range, highest being 45.7% in 2018, and Huawei had a gross margin of 38.6%.
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RoyCohnsGhost
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@AwBlessYerHeart @Gus_802 Keynesian/demand side economics is what made the Middle Class better off but it was applied at a time when it wasn’t always equitable toward PoC or women. We need to bring back Keynesian policies but that means having Dem Mandates in Congress & WH for more than two short years.

@Gus_802 Ultimately we need to stop having arguments about “capitalism vs socialism” because they are both loaded words and imprecise descriptors of how our economy functions. Capitalism and socialism describe systems which, in their purist forms, don’t exist anywhere in the world

@Gus_802 The developed world and even most of the developing world have mixed economies where elements of what is regarded as socialism and capitalism exist. But the real ISM the drives our economy is consumerism as 2/3 of all economic activity is based on consumer/demand side spending

@Gus_802 When we couch these forces as “socialism” or “capitalism”, we automatically created a conflict and a polarizing zero sum argument which often derails honest discussions about our economic system which stifles discussions on ways to improve it

@Gus_802 We should instead call these forces “public funding” and “private funding” as they are more precise and less heated descriptors. We then make the cogent argument that, to support a consumer based economy, we need both public and private funding to do so effectively
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@IlluminateDark8
Billionaires see fortunes rise by 27% during the pandemic.

Well would ya look at that.

While the world's been hiding, going broke, losing their homes and businesses, being corralled and penned like little sheep, the
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Dr. Paige Harden
Dr. Paige Harden
@kph3k
The “Should we get rid of the GRE?” conversation and the “Should we pay undergrad RAs $15/hour?” conversation have three things in common that I think are really unfortunate — 🧵

(For the record, I personally think we should keep the GRE and that the minimum wage should be $15 but I know a lot more about psychometrics than labor economics so I’m more confident about the former opinion)

1- lack of clarity regarding whether a proposed change is seen as a morally good END in itself, versus a MEANS to another end, and if the latter what that end is

1b - for instance, I don’t care whether or not capital punishment deters crime; it’s instrumental purpose is irrelevant to the fact that I think it’s a moral wrong

1c -for the GRE, do you think testing is Bad, regardless of its utility? Or do you think that under representation of some racial groups is Bad? Or do you think the racial wealth gap is Bad? people rarely clarify what ultimate wrong they are trying to right
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Michael Harriot
Michael Harriot
@michaelharriot
I know I’ve been beating this redlining and wealth gap drum for 20+ years but here is a GREAT cliffs notes version.

But don’t take @ambermruffin’s word for it. You should get references...

A thread


How homes in Black neighborhoods are undervalued by $156

Every major bank in the US has been sued for mortgage discrimination and a study that included every mortgage in America found that Banks charge higher interest rates to nonblack customers



https://t.co/sx9tWWB98s

Baltimore redlined areas in 1935 vs Baltimore Drug arrests in 2016
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SRI CHAMPAKADHAMA SWAMY, BANNERGHATTA HILL, BENGALURU (KAR)
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The shrine is dedicated to Sri Vishnu along with Devi Lakshmi and Bhoodevi.
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