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Par.eth

Aug 2 • 8 tweets • 4 min read

@dmuthuk

Thinking about taking a loan for buying a house?
Worried what if the project fails and your money is stuck?

There have been multiple instances of real estate scams but now you help avoid getting into one yourself.

c.c - @dmuthuk @KirtanShahCFP @iam_balaji @abhymurarka

Here's the solution- "APF Code" which is the “Approved Project Financial” Code.

A. A developer is required to have a valid APF code or number for every project.

B. You should always ask your developer about the APF code or number of your project as it is an easy way to check whether the property/project is registered, and approved by Housing Finance company or bank.

C. Banks considers developers who’ve been in the real estate business for a long and have a history of finishing projects timely, for at least two to three projects.

D. The construction quality is also a significant factor.

E. Similarly, banks don’t consider builders who’ve been on the RBI’s negative list.

What happens in case your project doesn’t have an APF Number?

DO NOT BUY THAT HOUSE OR TAKE A HOME LOAN FOR THAT PROJECT.

In case any project doesn’t have an APF code, then it means that the project isn’t approved by an HFC or bank. The reason can be not having the required technical/legal approval or licenses.

How to Check APF Number Online?

You can visit the official website of your builder and do a quick APF number search to check the APF number of your preferred project. Alternatively, you can ask the developer about the same in person.

Cheers!

Every Sunday, I send out a newsletter to help you become a better investor. Join 310+ investors here for free: lu.ma/advisoira

#realestate #finance #construction #money #property

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Par.eth

@partha0799

Feb 28

If bitcoin falls 20-30% in a day, it makes severe headlines. But what about the currency of a nation falling 50% in a day?

Well the Russian currency: Ruble just lost 50% of its value in a day.

Scary hours for its citizens who might be pushed to eventually fight hyperinflation, pushing a lot of people to the streets.

Since Jan 1 2022, the inflation in Russia stands at 69.4%. That’s extreme.

Russia has lost the economic and media war.

Let see what the future holds for them.

Every Wednesday I send a newsletter to help you become better investors. Join 150+ investors here: lu.ma/advisoira

Cheers!
***
advisoira.com

Read 4 tweets

Par.eth

@partha0799

Feb 7

Want to learn Fundamental Investing?

I am committing to teaching basic fundamental investing, which will include a balance sheet, cash flow statement, income statement and all ratios revolving around them.

I will add one ratio every day to this thread🧵🧵:

1) Quick Ratio:

As the name suggests, this ratio is used to analyse how quickly can a company generate cash during turbulence or need.

It represents assets of a company that can be converted to cash in less than 90 days against its liabilities.

A ratio of 2 denotes it has twice as much cash to pay off any short-term liabilities, while a ratio of less than 1 denotes it might struggle in the short-term in case there's a cash crunch or business failure.

Read 65 tweets

Par.eth

@partha0799

Feb 5

If you are thinking about how low churn affects your returns, here’s an example why booking short term gains makes no sense:

Assume a portfolio worth $100 million.

If you churn this portfolio after every 2 years, assuming you get 10year average Sensex return and the cost is around 100 bps;

Over a 10 year period your CAGR amounts to 13.8.

If however you do not churn it often, it amounts to 14.5% CAGR.

Which means 9% of your final corpus would have been lost.

Which is $350000 in absolute dollar terms.

Read 6 tweets

Par.eth

@partha0799

Feb 4

Most of us read but rarely retain.

Hence I wanted to understand how do the best people out there learn.

Here are the top 3 ways in which most leaders learn:
(This is how I'm building my reading habit and you can build yours)

🧵🧵

1) 3 ways of reading with increasing retention power downward:

a) Overview - Simply skim through the content without question why or how.

b) Analytical- You converse with the author and try to ask questions, challenge assumptions and then also find answers to your questions.

c) Synoptical - Here you try to relate everything you read to your previously read books, articles and try to find an application, either in the past, present or future.
(I read like this)

Read 18 tweets

Par.eth

@partha0799

Feb 1

Here’s the entire summary of crypto taxation:

The finance minister announced that virtual digital assets including cryptocurrencies will be taxed at a rate of 30% from 1st April 2022.

Virtual digital assets are defined as,” Any information or code or number or token (not being Indian currency or foreign currency), generated through cryptographic means or otherwise, by whatever name called, providing a digital representation of value exchanged..

..with or without consideration, with the promise or representation of having inherent value, or functions as a store of value or a unit of account including its use in any financial transaction or investment, but not limited to investment scheme; & transferred, stored or traded”

Read 9 tweets

Par.eth

@partha0799

Feb 1

According to AI, Rafael Nadal had a meagre 4% chance of winning the Australian Open after being down 2 sets and trailing 3rd set by 3-2, yet he did win.

Just because the “odds aren’t in your favour”, doesn’t mean it won’t work out.

Odds are the least understood.

Do what you believe in without worrying about the effective outcome. Take it one step at a time.

Miracles happen all the time.

#motivation

Every Wednesday I send out a newsletter, which includes one financial insight, and a motivational quote to help you push yourself.

Join 100+ investors here: lu.ma/advisoira

Read 4 tweets

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