If you thought SEBI RIAs are the best people to advise you on money, check out the dumb shit Sujith has put out on his Linkedin:

If you have 10 crore, put it in FD.
6-7 lakh a month is enough. Let’s look at the problems.

A) 6-7 lakhs a month means 72-84 lakhs a year.

That is a rate of 7.2-8.4%. No big bank is offering that. (Chart below. Might be a bit outdated but I hope you get the point.)

If you put that 10 crore in a small finance bank, good luck!

If you are planning to invest in Gold, Sovereign Gold Bonds are available at a discount.

There is no better way to buy Gold.

You can buy them in the like you buy any other share. SGBs, as they are commonly known, provide two key benefits over other forms of Gold.
a) No capital gains tax
b) 2.5% Interest

Got a shock early in the morning, thanks to the cab driver.

Here is the funny story filled with North Indian paranoia.

I was supposed to go to a studio in Jayanagar from Residency Road to shoot a podcast with @Akash_singla99 for @JarAppHQ Disheartened by the constant and never ending rejection by Uber drivers and general unavailability of cabs in Bangalore - I thought I will book a car for a day.

Told a friend @youkaey do it with a reliable guy for me because I didn’t want to trust an app. And he did.

This interview with Ravi Sutanjani has snowballed into something I didn't imagine.

I have not endorsed him in any way. Nor was my interview designed as a tool to whitewash his action.

I think I should be able to interview whoever I want without being hated for it. But... Clearly a large number of people don't think interviewing him was a good idea.

I asked for money for someone to sponsor the video. 3 people agreed.

This got more hate.

I don't think this was wrong either.

You know how the mutual fund industry defines HNIs or High Net-worth Individuals?

Anyone who has more than 2 lakh rs in a folio (term for an MF account).

Only 8.2% of accounts meet that criteria. In actual numbers it is just 1.1 Crore folios because these HNIs have accounts at various fund houses which can each have multiple folios with 2 lakh or above.

I would say the actual number of people would not be more 20 lakhs.

#TIL - Punit Renjen, now CEO of Deloitte, had to drop out of a school because his parents couldn't afford the school fees.

Graduated from a local college in Rohtak because it was cheap.

Went to Delhi to find jobs based upon an advert for Usha that he saw in a newspaper. And then he got a 'Rotary Scholarship'.

Yes - the same 'Rotary Club' which organizes small cultural events. At least it used to when I was a kid in Bharatpur.

He seized that opportunity and made the most of it.

I could understand founders / CXOs / Elon Musk fans pushing their employees to work-from-office for maximum productivity (whatever that means).

I was really surprised at the 35-45 year old middle managers pushing for it. I just didn’t get it. But after talking to a few of them and reading a bunch of them on social media, I am starting to understand.

It is one or more of the following:

1) They deeply distrust the people they manage. (Sab naalayak hai. Jab tak danda nahi maaro kaam nahi karenge)

For those who are thinking that the Indian equity markets have crashed and this is absolutely a great time to buy - YOU ARE WRONG!

The markets are still over-valued, richly valued, have a lot of froth - whatever term you want to use.

Here is why I say so: A few months ago, I attended a seminar by @ICICIPruMF where I learnt about something called the Booster STP.

For those of you who don't know, STP is Systematic Transfer Plan.

Thread on #MyCovidJourney and some things I learnt along the way.

Will be happy to answer any questions that I can.

Please ask - I have nothing better to do and my limited internet connection only allows twitter and whatsapp. First questions first - HOW DID I GET IT?

No confirmed answer but most probably I got it from Cocoon hospital when I went there for a checkup on 18th November. It was a closed AC space where I had to wait for slightly less than an hour.

That's the only exposure I had.

Here are the details for @Tata_Crucible
2020

Round 1 - Open for all. Select 100

Round 2 - 100 from a cluster. Select 12

Round 3 - Two semifinals to select 6 out of 12.

Round 4 - Cluster winner to be decided from 6 of previous round.

Winner gets 35000
Runners Up gets 18000 Round 5 - Two semifinals to select 6 out of 12 cluster winners.

Round 6 - National winner to be decided from 6 of previous round.

Winner gets 250000

Thank you @dmuthuk Couple of things I want to add to this.

1) I just wanted to appreciate Muthu for all the gyaan that he gives on twitter. More often than not, I like what he says and I agree with him.

Muthu is a big fan of ITC so the dividend reminded me of him and hence the tweet.

Going to watch a school quiz today by @canarabank conducted by @makebighappen

Will try to live tweet the questions.

General quiz. Content by @greycaps

Me with the QM. Pretty decent set up.