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Eternal fool 🤡 Profile picture
@passivefool
Jun 1, 2021 • 6 tweets • 2 min read • Read on X
Scrolly
A story of an investor

Gets first salary

Decides to invest

Googles " how to invest" & finds a Moneycontrol article "These stocks can up 30% in short term"

They don't

Writes a blog title "the stock market is a scam"

Sees a P&L screenshot from a 17-year-old trading mentor
Signs up for an options seminar

Makes some profits

Tweets some Jack Shivajinagar quotes

Gets buggered by a malnourished Black Swan event & loses everything

Tags PM, FM, CM asking them to protect "innocent retail investors"

They don't
Gets a reply from a crypto guy saying "this is why you should crypto bro"

Updates the "stock market is a scam" blog

Invests in $ASS coin & $CUMMIES

Loses 90%

Mom finds out
Decides to invest in mutual funds

Picks active funds

After 5 years learns what benchmark is

Finds out active funds are stealing money

Writes post titled "active mutual funds are a scam"
Granny finds out

Invests in FD

Writes post titled "Dear stock market, I believed in you but you gave dhoka"
Discover index funds

Imagines Rocky music in head

Victory!

indexheads.substack.com

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More from @passivefool

Eternal fool 🤡 Profile picture
May 4, 2023
🔴America is going bankrupt and this is going to ruin your life.

America has borrowed $31 trillion and a debt to GDP of 129%. It cannot keep borrowing forever.

A threat🧵 Image
If a person takes a loan, he cannot keep taking new loans to pay the old ones. It's the same with countries too.

Imagine borrowing $31 trillion and then borrowing another $31 trillion to pay it back!
All the people who think US is a safe haven are going to lose their money. The dollar is losing ground and China will start dumping treasuries. The US is going bankrupt Image
Read 6 tweets
Eternal fool 🤡 Profile picture
Mar 4, 2023
I live in Silk Board, the flyover of my dreams 😶‍🌫️

A decent underwear costs Rs 245. People need at least 6 pairs of underwear, but if you are poor 3 will do. But did you know spending on underwear will cost you lakhs? 🤯😲🤯

Here's why I won't buy underwear🧵
To being with you need at least 6 underwears, which means, you'll have to spend Rs 1470. If you had invested at 12% in an index fund, you would've saved ₹ 44,048!!!!!
The world is getting hotter due to climate change, which means chafing will increase, which means, underwear will tear faster. So you'll need 6 more underwear every year.

So Rs 1470 (1470/12=122) every year at 12% for 50 years = 48 lakhs 🤯

Avg Indian life expectancy is 70!
Read 8 tweets
Eternal fool 🤡 Profile picture
Nov 9, 2022
How to become rich in life?
🧵Grab a cup of Ladies Finger juice.

Step 1

Do something moderately noteworthy in life. Like working in McKinsey, Goldman, etc as the head of Xerox machines or as an investment banker.
Step 2

Change your Twitter bio to Ex-McKinsey, Ex-Goldman, Ex-Murugappa Group.
Step 3

Start a crypto company called Fool's Gold and create your own token called $FOOL.
Read 10 tweets
Eternal fool 🤡 Profile picture
Jun 30, 2022
Grap a cup of cabbage juice. I'll explain the 5 investing lessons I learnt from the #MaharashtraPolitcalCrisis

A 🧵☕
Lesson 1

This was the first lesson I learnt.
Lesson 2

This was the second lesson I learnt. Interestingly, I learnt this right after the 1st. Goes to show the randomness in life.
Read 6 tweets
Eternal fool 🤡 Profile picture
May 24, 2022
🧵A thread on why this tweet is wrong.

The anti-threader is confusing yarn and thread. Though used interchangeably, they are not the same. Yarn is mostly used for fabrics, while threads are used for garments.
Yarn is much weaker than thread. So even if you wanted to circle the solar system with yarn, you can't, it will snap. It's science.
Also, to circle the solar system, you need a spaceship and a bunch of spaceship drivers. It's too costly. The original tweeter has failed to consider the costs.
Read 6 tweets
Eternal fool 🤡 Profile picture
May 19, 2022
Someone asked me what to do in this bear market. I didn't know what to say. But there are 4 things you can do, the way I see it.

1. Sell everything. You won't make a loss tomorrow, but you won't make a profit the day after either.
2. Time the market. You'll probably suck at it. But by god's grace, if you're good, Zee Business will do a profile on you. It will be widely watched by 7 guys in Uttar Pradesh that will take a break from chewing gutka and watching funny saas bahu serial videos on Taka-tak.
3. Take the pain.

The next X months/years will feel like a financial colonoscopy by an MBBS trainee who's wearing wrong sized gloves and distracted because he saw the P&L of his blue-chip penny stonk portfolio. But on the bright side, you got the colonoscopy over with.
Read 4 tweets

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