Saw an Uncle (Senior Citizen) using INDMoney, I asked if I can talk to him for few minutes.
He replied, Yes!
He said, this app is very easy to use and he is tracking PF, Mutual funds, stocks, FD and everything at one place.
Mini Thread 🧵
He got to know about INDMoney from his friend, and it replaced his investment diary. He’s also managing wife’s investments.
He’s using Groww, too, again the reason was easy user experience!
Uncle invest in Mutual Funds, applied for Zomato, Glenmark and Rolex IPO using Groww.
He shared how he used to do trading during a young age, we discussed the dot com crash, RPower IPO, the 2008 market and the recession period.
Despite having a Demat with ICICI Direct, he is using Groww just because it feels nice to use!
And I find it intriguing what Tim Cook says :
And Uncle is not alone, my parents and many other knowns who’re in their late 50s find it difficult to use new apps just because of poor or cluttered UI/UX,
Again I’m not an expert but if you can build for this TG, it’s indeed wonderful. Kudos Team @ashishkashyap@lkeshre🔥🚀
Indian Fintechs have incredibly redefined Banking, Investment, Insurance, Payments and a lot more.
Nothing can beat a spreadsheet but for anyone who’s starting their financial journey, INDMoney is an awesome product that covers almost everything (Investment, Debt, Ins)
e.g. Stocks, Mutual Funds, FD, EPF/PPF, Bonds, PMS, and other instruments.
The credit card offers better fraud protection as compared to debit cards, most of them come with a fraud liability cover that saves you from any fraudulent event.
Just dispute the transaction immediately and the bank will do the job further.
From Underwears to Room Fresheners and pencil to electronics, groceries, and apparel. Amazon is selling almost everything on their own just by rebranding,
Thanks to our regulators for giving them an opportunity to eat the business of our Indian Sellers.
Don’t trust me? ⬇️🧵
Just go through this Wiki, Many Amazon brands are already available in India.
It’s absolutely fine to learn from people who are younger than you, experience does play a significant role but it’s not a bar anymore.
I keep writing on personal finance, credit cards, my startup exp, etc and surprisingly I got some bad wishes and hate today. Here’s a note.⬇️
Some day to day commentary I come across:
I'm older so I probably know better.
How you can earn 3-4x of me?
How you can be a good leader with just 4-5 years of work ex, I’ve 15 so....
You shouldn’t talk about Personal Finance without spending 10 yr in the market... etc etc.
Just a bit of an Introduction. I started earning from part-time gigs when I was just 16-17. Proudly funded my 10+2 education and coaching fee, took admission in engineering, got my first credit card, made mutual fund investments, did solo traveling to almost 15 states in India.