🔴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🧵 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!

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!!!!!

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.

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.

🧵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.

https://twitter.com/StableInvestor/status/1528973040188391424

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.

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.

My new, new year resolution is to tweet like startup bros and hustle bros.

Startup is 10% skill and 90% luck. Entrepreneurship is like running on a treadmill to diet without consuming carbs.

Oyo filed for an IPO. This is a huge deal. A comprehensive thread on what this means and how it works.

1/n Oyo filed it's DRHP with SEBI. DRHP stands for draft red herring prospectus.

Fun fact: it's not red. It's actually a white pdf.

You have really admire how much money the self-help quacks and pop-psychologists make by peddling seemingly asinine bullshit that masquerades as profound insight.

gsb.stanford.edu/insights/pract… "regular brainstorming sessions are not likely to lead to an increase in unique ideas. In fact, the average novelty of your output — that is, the degree to which your inspirations depart from convention — actually might decrease over time."

Lot of startups who are yet to make profits are filing for IPOs globally. I'm reading the filings and the language is terrible. A few tips on how to do it right.

Here are the right terms to use instead of the current antiquated language. We are making losses.

"We've been consistently making negative profits and growing year on year."

Long term bear warns it's dangerous to invest.

Shocked, I'm really shocked!

2021 It's too dangerous!

2019

A short inspirational thread

Found out a surprising thing yesterday. My uncle had after working in a small company for about 35-40 years retired recently. He's from a typical middle-class Indian family and didn't have much in terms of property, money etc. He's not well educated and had just passed his 10th and he's worked for most of his life doing odd things before settling at his last job.

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

Pretty much all personal finance books, blogs, podcasts I've come across can be summarized as:

1. Start saving early
2. Spend less, save more
3. Don't take debt
4. Avoid credit cards. Use them only if you can manage them
5. Avoid stock picking. Stick to low-cost index funds 6. Don't tinker with your portfolio frequently
7. Rebalance your portfolio -regularly/annually, etc
8. Avoid thematic funds, hot funds, fancy structured products, commodities, etc
9. Don't do market timing
10. Avoid bank RMs and insurance salesman

We are in a structural bull market
We see favorable valuation in select pockets
We're sticking to competitive franchises with strong earnings growth
We're selectively buying at this juncture
We're cautiously optimistic about the global economy

economictimes.indiatimes.com/markets/expert… We're not bullish, but we're not bearish either
Markets have run up substantially but investors should invest as much as they can
Profit booking is not advised
It may be a bubble, but no one can say

Investors might make money or lose money in this rally. But all the snake oil salesmen and gurus will make a killing off all the unwitting traders and investors who are driven by greed and are desperate to make money. Several scammy profiles have have 50K, 100K+ followers and are just blatantly peddling stock tips, options calls etc and all these traders and investors are flocking like flies to a piece of turd.

Trickle and then a deluge 👇
Slow but steady growth in index fund AUM. for all those people crying about then, there's about 1.5 lakh cr in large funds and just 12000 cr index funds for comparison. Excluding g the EPFO ETF allocations.

https://twitter.com/KalpenParekh/status/1351225929981456385

I don't think this number will dramatically change until we have a mega market crash. Crashes are the only things that seem to remind investors how most actively managed mutual funds are useless.

It's a beautiful Saturday on this Corona riddled planet. It's a good day to do the following:

1. Open your account statement and find out how much commissions you are paying. You'd be paying anywhere between 0.7% to 1.3% extra over direct plans. 1.5 You can download your statement on CAMS, KARVY, NSDL etc.

What a story this is. Global ETF and ETP assets at US$7.99 trillion. Millions of small investors across the world getting low-cost diversified access to stocks, bonds and Marijuana ETFs and savings billions in fees.

etfgi.com/news/press-rel… Although ETFs are orphan products in India, one day in the next 7 to 10 years, ETFs will surely see growth in India. Won't happen before the next beat market happens though.

This 👇

This might seem like another "we need financial literacy" tweet. But to me, it's not, here's my theory:

This speaks volumes about the existing system. It's clearly not working for a whole lot of people, particularly the non English folks and young people.

https://twitter.com/aditipar/status/1348965653206630402

The product sellers are partially to blame. The nonsense they spew in the name of "financial education" is an insult. All those god awful videos and nonsensical garbage masquerading as "content" is enough to make you wanna gouge your eyes out.

Holy shit. 8000 crores raised IN NFOs in a month. Look at the schemes, all pointless garbage!

m.economictimes.com/mf/analysis/eq… If you look closely, 4 out of the 6 top NFOs in terms of money raised are from bank owned NFOs. These AMCs are notoriously skilled at selling garbage funds through their banking channels. They've turned mis-selling into an art. They're are Picasso's of mis-selling