Vidya Profile picture
Sep 28, 2020 β€’ 12 tweets β€’ 5 min read Twitter logo Read on Twitter

Having a self owned home is a dream come true for the majority of us . We still equate it with prosperity & being settled .
But with the alarming cost of reality (especially in Metro's) when does this make sense?
My viewpoint on the same.
(So called)Pro's :
*Having your own place - Pride of possession.
*An investment .
*Having liberty to decorate as per choice { provided the wife permits πŸ˜‰ }
*No need to shift often.
*Loan available at low interest rate.
Easy way to #leverage in markets (Common blunder!)
Are these really as good as they sound?

*The pride of owning a house comes with buckets of stress ,for most of the properties are purchased taking huge #loans spread across 2-3 decades of repayment.
So are we actually owning a house or is the bank possessing us ? πŸ€”
Another point :
A huge loan makes us #RiskAverse. Instead of improving skillsets we end up bound to the same job out of fear. Sure, increments shall happen but what about opportunity cost?
Focus should be on career & if needed one must be ready to move as per opportunity.

*No shifting of houses*
Very subjective.
What is the point of travelling hrs each day to reach work ? Half the life is spent such with no time for anything else!!
Buying your dream house only to stay in it on a Sunday too exhausted to do anything! 🀷
* Decorate the house *
Many claim this to be important!
I really think this is just emotions. A house becomes a home when people residing in it are happy & stress free. Even rental places can be done up nicely !! 🀷
Financially feasible & better.
Using #leverage & investing loan amt in equities whilst extending tenure of home loan can backfire big time . An acquaintance lost most of his capital trading whilst sitting on a loan as well.
What if something happens to us meanwhile ?
RISK REWARD ratio seems skewed .
To sum it up.
*Purchasing a house is ONE of the MOST important financial decisions. MUST be done PRACTICALLY.

*Stay WITHIN MEANS .Don't get carried away to own that DREAM property shown by the realtor for the cost paid for such dreams can BURN your pockets completely !
* Take a #TERMLOAN while purchasing the property to ensure nothing untoward happens to the house in the event of untimely death .

*Save up 60-70% atleast towards down payment.
Take min loan & plan repayment in a short duration. (Calculate beforehand) .
9/ 10
*#JointLoan helps immensely. Both for tax benefits & the burden becomes considerably less.

*Stay WELL WITHIN MEANS while purchasing first property. One can always buy a BIGGER,BETTER one if earnings improve drastically!

*Stay on #rent as per HRA & claim tax exemption.
Let's not over estimate our income /under estimate our expenses in the quest to own our home & pile up #debt upon us in the quest to wow the society .

@dmuthuk based on your tweet today.
Pls note : It is a Term Insurance and NOT Term loan . πŸ™
Noticed my mistake after posting it and sadly Twitter doesn't have an edit option yet ! πŸ™„

Clarified it thrice but it got lost in the sea of messages! 😟

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More from @VidyaG88

May 13


A book that must be read by all direct equity investors but will be appreciated & understood by a few, that too only after witnessing an entire cycle play out in markets.

Few of my takeaways from this πŸ’Ž by Howard Marks.

πŸ‘‡πŸ½ Image

To consistently beat the market,
You either need a ton of luck or superior insight & awareness of psychology.

Because investing is at least as much of an art as it is a science, it is essential that one's investment approach be intuitive & adaptive always.

All investors can't beat the market, since collectively, they are the market.

Stellar returns majorly come from correct non consensus forecasts.

Here Second Level Thinking matters immensely.
And the number of people capable of it is tiny.

What is Second Level Thinking ? ImageImageImage
Read 30 tweets
Apr 28

We 80's kids are truly blessed.
Life was simple then !

We used to play until we were screamed at to return home.

We enjoyed our childhood without mobile phones & WIFI by playing a wide variety of games which improved our hand eye coordination,stamina & focus.

#Nostalgia Image

Weekends used to consist of watching episodes of Mahabharata , Ramayana,Mogli ,He Man and the likes.

We danced clumsily to the 90's Indi Pop songs & thought WWF was real.

We created so many memories with hardly any photos thanks to the 32 film roll. πŸ˜„

Small things like a top , marbles , a rubber ball , or even a piece of cake with some frosting ( there was no concept of black forest cake ) used to make us insanely happy.

We valued each & every possession of ours.
And somehow never craved for more ...

We were content. ImageImage
Read 10 tweets
Sep 11, 2022
#BookRecommendation #BookTwitter

How To Decide by Annie Duke.

A brilliant no frills book that offers a framework for thinking about how to improve your decision making , along with a set of tools that help execute it.

A few of my takeaways from this gem !
There are only 2 things that determine HOW your life turns out : LUCK & QUALITY OF DECISION MAKING.

We have some control over only one of those two things.

When you make better quality decisions, you increase the chances of good things happening to you.
Our objective is to choose an option that gains most ground in achieving our goals.
Sometimes which entails the least risk.

Thereby we examine the quality of the beliefs informing the decision,the available options & try to envisage the future based on our choices.
Read 18 tweets
Jun 12, 2022

Do you know why most of us are majorly unhappy with our lives ?

Why do we constantly feel anxious or secretly envy others' life ?

Why do we feel unhappy despite having quite a few things going for us?

The answer is actually simple.... πŸ™‚


It's because we humans constantly COMPARE ourselves to others.

Comparison gives birth majorly to all our emotions, especially the negative ones.

So why do we compare our lives with those of others' we (think) we know of?

Why do we benchmark our happiness to theirs' ?
Ever wondered why we constantly crave to equal or better our peers ?

What purpose does it truly serve ?
Isn't everything in life fleeting ?
Be it fame , beauty , money , laurels ....

So does it really matter ?
And if so, then how much ?

And at the cost of what ?
Read 5 tweets
Mar 18, 2022


Bitly links of the #BookSummaries I have written from Non-Finance to Finance.
Do share if helpful !πŸ™‚

πŸ”Έ The only self help book I recommend.
Made these notes post my 3rd reading & implementation of the book.

Atomic Habits :
πŸ”ΈThe secret to a productive, happy & healthy life.
Wisdom in simple words !

Ikigai :

πŸ”Έ My all time favourite , read in any mood kinda book, for simplicity is the ultimate sophistication.

A Book Of Simple Living :
πŸ”ΈSocial Media makes us crave for validation. How one can stay true to themselves despite it.

The Courage to be Disliked :

πŸ”Έ Nuggets of wisdom by Naval Ravikant shared by Eric Jorgensen

The Almanack of Naval Ravikant :
Read 8 tweets
Mar 12, 2022

One of the first books I read on investing in 2009 was this πŸ’Žof a book on Warren Buffett called


A great read for investors, given current stock market conditions.

A 🧡


Buy an easy to understand business run by honest & capable management with MINIMAL VARIABLE PARAMETERS( Avoid Complex Bus.)

Pay less for your share than what it is actually worth in terms of future earning potential.
Hold onto it patiently !

πŸ”ΈGain basic knowledge of accounting & financial markets.
πŸ”ΈRead business Magazines , Periodicals, Annual Reports & Concalls
πŸ”ΈGet going !

A basic checklist that shall help you figure if you are actually a Long Term Investor or not.
Read 19 tweets

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