VinothVenture Academy

Get Started. It's Free
or sign up with your email address
VinothVenture Academy by Mind Map: VinothVenture Academy

1. Personal Finance Plan

1.1. Budget

1.1.1. Download Excel

1.1.2. Take last 3 months Statements Bank Credit Card Investments Loan

1.1.3. Income Projection - Next 12 months

1.1.4. Monthly Expenses - Next 12 months Recurring One Time in a Year

1.1.5. Sample Budget in Excel

1.2. Online Tools

1.2.1. Google sheet

1.2.2. Google forms

1.2.3. YNAB

1.2.4. Wave Accounting

1.2.5. Microsoft SMS Organiser

2. Risk Profiling

2.1. 1. Investment Goal

2.2. 2. Risk Analysis

2.2.1. Risk Required Risk Profiling - FinaMetrica: Home of Risk Tolerance Testing

2.2.2. Risk Capacity Age Wealth Income levels we compare the cumulative value of all future additions to the value of her portfolio. Think of these as two separate buckets. The portfolio bucket is currently exposed to investment risks while the future-additions bucket is not. The larger the size of the future-additions bucket relative to portfolio bucket, the more it can offset losses incurred in the portfolio bucket. Our investor’s risk capacity is highest at the start of her career because that is the point at which the cumulative value of all her future additions is largest relative to her portfolio’s value. As time passes, the total amount of additions remaining to be made decreases, and the portfolio’s value grows. This lowers our investor’s ability to make up for investment losses through additions to the portfolio, thereby causing her risk capacity to decrease. The risk capacity quiz You are able to save money regularly. You can pay all your monthly bills on time -- including any credit card or other debt. You have enough income or other sources of wealth today to help you withstand any investment losses. If you lose money investing today, your current lifestyle would not be impacted. If you had to stop working for a year, your current lifestyle would not be impacted. If you lose money investing today, you have time to make up any losses before you need your money – and will still be able to reach all your savings goals for the long term. You do not need to draw down more than 5% of your investment portfolio for any major financial goal in the next five years.

2.2.3. Risk Tolerance emotional balance Are you ready to loss 50% in next 5 years 90% 10% 30% 50%

2.3. 3. Asset Allocation

3. Mutual Funds

3.1. How to invest in mutual funds for beginners in india

3.1.1. Know Types of Funds

3.1.2. Complete KYC

3.1.3. Build a Portfolio

4. Share Trading

4.1. Create Investment Account

4.2. Select type DIY or Advisor

4.3. Make a Investment Budget

4.4. Select Long term Stocks

4.5. Balance Portfolio