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@pvsubramanyam
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Sanathana Dharma. Kanchi Shankara the only Jagadguru I have seen. Indian, Hindu.
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This is my blog..
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NRI do not come to India for their 'roots'. They come for their 'root-canal' treatment
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17K
In
#chennaiairport
Ola works a little differently. I booked a cab...it said Rs. 550. Driver called and said "Rs. 800 payable by cash". I walked to the main road took an auto for Rs. 350.
Poda, go take a walk
@Olacabs
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Not enough credit is being given to the Govt for this amazing penetration of UPI. Friends coming from Australia, Canada, US, UK....are amazed and STUNNED. IN fact a friend from France did a zoom call to his TECH TEAM in France to show how he paid Rs. 123 for a few cups of CHAI!
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I have seen 97.5% Income tax, 5% wealth tax, and an unbelievable Max marginal Estate Duty at 85%. Ha, Gift tax too!!
Honest families who had to sell their assets to pay the tax.
This was Congress Rule. VOTE CAREFULLY.
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please don't build those 8 bhk houses 'hoping' your 2 children will stay with you, you will have a dog, will need a servant room for the nurse who is supposed to look after your parents!
your kids leave, dogs die, parents move on.
After that the 8,432 sft flat haunts
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met a super Hni - Leaving 3 houses and about Rs. 1 crore to 3 servants. About Rs. 30 crs to charities.
Leaving NOTHING for his son who -he has a start up in US and has a net-worth of 30-40 M US$. Son said good idea!
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72 year old..annual expenses Rs. 10L wife also same age. He has a portfolio of Rs. 23 crores - 1 cr in bonds and 1 cr in gold...
Remaining money in equities.
Dividend income Rs. 34L between H and wife.
He is worried about market falling...and taking away the gains.
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I realised after 40 years of research - the only way to reduce your Income tax is to work less - and thus earn less.
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My father took a huge loan of Rs. 28000 to buy a house in 1966. I took a huge loan of Rs. 2,50,000 in 1981 to buy a house.
My nephew has recently borrowed Rs. 2.6 crores (year 2023) to buy a house.
For your info..salaries were Rs. 48000 for my dad, Rs. 200,000 for me and Rs. 1.24…
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How much do you need for Retirement?
Rs. 20 crores if
@narendramodi
comes to power and Rs. 50 crores if
@RahulGandhi
comes to power. Acc to RG he is going to tax you for voting for Namo in the past. Vote
@BJP4India
if you want to retire peacefully.
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In 2014 I voted for the CM of Gujarat -he deserved the promotion from CM to PM.
In 2019 I voted for a PM who had a good track record as a PM for 5 years. Now I voted a PM, wanting him to be a PM for 5 more years
In 2024 I will be voting for a Global Leader...who is incidentally…
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A Rs 75 lakh house, purchased with a Rs 15 lakh downpayment and the remaining Rs 60 lakh home loan at 8.5% (avg.) for 20 years, actually costs Rs 1.40 crore.
How? Include the interest of Rs 65 lakh on the loan you took to the house cost of Rs 75 lakh.
If you sell it for Rs. 2…
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Yesterday my daughter got a rank in CA. My Grandfather's elder brother set the ball rolling by joining AF Fergusson in 1926. He enrolled as GDA in 1935...Got CA degree in 1956.
She is the 4th gen CA
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A woman I know stopped her 'employment' at age 42. Her portfolio now has EARNED more than her career. She started investing in direct equity at age 23 years. The sheer power of Equity investing and never ever withdrawing for 33 years!
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A friend bought a house for Rs. 1.67 crs in 2015...kept it locked a little, let it out a little. Paid Rs. 3L per annum for 8 years.
Now selling it for Rs. 2.15 crores.
Huge loss...because of the interest paid...Rs. 33L
Good news: No Income tax.
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@ImtiazMadmood
Congratulations to the youngsters. With a gov that has no guts to do anything, welcome to people power!!
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if you are over 45 years of age, working for a younger boss and feel you are not getting ENOUGH respect, remember you are there for the money, not running a popularity context.
Save well, invest smartly, and see how to get out.
Don't resign emotionally...
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if you invest 10 minutes of your time every day...I will teach you all that I know about Investing in equities in 2 weeks.
I will give you free access to my blog, videos, etc. for an all inclusive price of Rs. 99.
Coming soon.
btw: all this I learnt over the past 44 years, fyi.
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Heard of a 55 year old who lost Rs. 7.5 crores in FnO. Rs.4 crores from an inherited portfolio wiped out. Tries selling his house in a Mumbai suburb. Expects Rs. 3.5 crs. best offer on hand is Rs. 2.5 crs.
Broker has offered to take the flat at 2.5. Deficit Rs. 1 crore!
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when i see people earning Rs. 2L per month (Husband+wife) stay in a rented house (can't afford EMI), own a car with an EMI of 12k per month (second hand) have 2 kids in school, have ZERO savings, no sip, no bank fd, no emergency fund.
But paying many EMI (personal loans) and buy…
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'your son is earning in USA why can't you pay me more' says a male nurse looking after a 80 year old bed-ridden man.
He is currently being paid Rs. 3000 per day.
He thinks the 74 year old wife has no choice but depend on him.
Ageing is not easy, I can assure you.
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For my daughter who had seen many Indian airports much BEFORE she saw Heathrow, Charles De Gaulle, Italy, Zurich airports -she feels Delhi, Mumbai, Bengaluru airports were much better. This is the impact of
@narendramodi
I was talking to one UP person (security guard) his wife…
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2014 bought a flat in Powai. Had given it on rent. rent was Rs. 35k (pre covid), now it is Rs. 26k. Unable to sell it at the PRICE that they bought it - 8 years NO RETURN. Poor rent - and a lot of it lost in society charges, painting, repairs etc. Lol.
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....a 23 year old girl joins an Mnc in India on a CTC of Rs. 35L -no variable bonus
Another 23 year old boy joins a Mnc consulting firm for Rs. 35 fixed + bonus (estimated 20L) in India.
both Mumbai based companies. Both rankers.
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My Dad paid Rs. 1250 for 50 shares of Colgate
@25
per share. After selling some shares over the years, my mother gets more than 1,60,000 as dividend...after TDS...150x the cost...
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If you keep paying their rent, food, vacation bills, your kids will spend their life looking for work-life balance, happiness, purpose, fighting inequality, climate change worries....
Kick them out, they will find MOTIVATION - paying the F..... bills.
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i started investing in class 12, did CA, ran a research company, worked as a lawyer, as a CA, as a MF trainer, in audit, in tax.....and now I learn that all it needs is 15 minutes to become an equity market expert.
Sala bahut time tp kar sakta tha
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I am a CA working in big 4 and my husband is a director in a Law firm. Between us we earn Rs. 2 crore CTC per annum.
WE are both about 40 years of age and have a home loan of which is a 20 year (remaining) loan.
Should we prepay this or continue to pay Rs. 2L per month or repay…
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@amitandon
In one of the events we organised - it was a woman's run - they started the run thrice...so that ENOUGH number of photographers could get the start ...I was one of the photographers...
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Don't give LOANS to your domestic help, etc. for paying their fees -or their kids fees - just pay the full fees. You will not miss that amount....they will bless you.
No daan like Vidya daan....school college fees time is July. It is also the time when I get dividends.
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@SheetalPronamo
she is well dressed, not exposing any skin...what more do you want? Of course it is a great way to get 35k hits..or may 350k hits eventually...chalo aaj
@deepikapadukone
ko gaali de do. Good attempt.
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All 25-year-old investors are not the same. Ihf your parents have a Rs. 20 cr networth your investment portfolio will be very different from a 25 yr old who is supporting her parents and paying college fees of her siblings, and is the ONLY earning member.
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Mathematically, if you had invested Rs. 10,000 in Wipro in 1980, today (apart from dividends) it would be worth say Rs. 700 crores.
Question to ask is
would you have had the EQ and IQ to sit tight for such a long time while watching it go from 10k to so much.
ALMOST IMPOSSIBLE
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Total of 12% of all Indian Judges have revealed their assets.
None from the Supreme Court of course.
CJI thinks transparency does not matter...
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@suhasinih
@PMOIndia
@MEAIndia
I did not even realize that there are enough Pakistanis in India who will judge me and what my company does. Exactly same reply that
@elonmusk
gave to
@Disney
If I put that reply, I will get banned...!!
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Why do people want to get rich at 35 and retire at 40? What will you do for the next 70 years? Getting Rich Slowly is better.
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@prettypadmaja
@prakashraaj
this is part of the tool kit...P Raj may not even know who is Umar...he has been asked to tweet. Like his movies...he can only deliver the dialog.
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One thing very clear in 42 years of investing. Never done asset allocation. Almost always in 85-100% in equity. Most dividends re-invested. Still investing. The race was over long ago. Now running for fun.
Can live off dividends - this is my Financial Independence.
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I used to run an Equity research company long back. Our dilemma "in a bull market, nobody needs reseach. In a bear market, nobody affords research"
Still true 30 years later.
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Retiring Early is extremely attractive, but terribly over-rated thing.
Most Indian men can't spend a week at home being useful
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My Goal is to give Rs. 5 crores to each of my 2 children when they turn 21.
Current age is 3 yrs and the younger kid is 6 months old.
I can invest Rs. 1.5L sip for each kid she said.
Interesting parents I thought.
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In 2014 I voted for Modi because he had a track record in Gujarat.
In 2019 I voted for Modi because he had a track record in Gujarat and India
In 2024 I will vote for Modi because he has a lot of unfinished agenda
In 2029 I will vote for Yogi because he has a track record in UP.…
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If you are 32 years of age and are building Wealth for your lifetime, you don't NEED a fund that looks good today. U need a fund that will look good in 2081 when you withdraw. Stop believing that a fund has to look good throughout the journey. That's Amc fantasy.
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#RaghuramRajan
the more you hear him, and read his back articles, the lesser respect you will have for him.
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how many people know that
#VijayMallaya
has repaid all the loans to SBI?
This happened a few years ago....
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the markets are assuming that
a) nothing can go wrong
b) NDA will get 350 seats
c) All top people will live permanently
d) FII inflows will be unabated
e) SIP inflows will go to 35K crs p.m.
......what else?
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@UnSubtleDesi
I liked the last 6 words.
We should stop saying we have freedom of speech....we can criticise the PM, but not the people who call us Kafirs.
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I stopped EARNING when my daughter was born. I was just 30 years of age. Now at 47 I have deep, deep regret because my husband (aged 48) has lost his ability to earn. We have some money, but not enough to retire and not enough to give her goodSu education.
I quit at 30, and at 34…
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'Indians are not saving enough for retirement' - true and I don't blame him/her.
One person earns money (pays tax), then accumulates in (say) mutual funds (pays STT, and income tax if he switches), at say age 60 he redeems mutual funds (pays a draconian 10% tax without…
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hello jerks first finish your education, repay the money that your parents spent on you, go and get a f... job, buy a house, car and whatever toys you want with YOUR OWN money. After this you can change the world. Don't take a political stand with your parent's money!
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I met somebody with 38 houses in Chennai - all given on rent and his son is a RE broker in Mumbai. The capital for this came from doing a successful business in Saudi. He has a full time manager - who has a team of electricians, carpentar, plumber. They do regular maintenance.…
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I think of Namo as one of the best PM we have had, and that does not change Covid or no Covid. If this tweet loses me a few followers, honestly, it will not matter.
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when you put 3.15L in a company and that becomes 9.6 L you have got a good return, but if you put 31.5L and that becomes 96L it has a greater impact on your portfolio.
This is the need to understand sizing.
Very, very few people get that right.
Takes a long time, I agree.
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If Medical Insurance premium is allowed under section 80D, why should Hospital bills not be allowed as a deduction?
@nsitharamanoffc
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Subra my dividend income is about 5 times my annual expenses. My children are settled, and my cash-flow for them is zero. When I travel, they buy me tickets.
He wanted to know whether he could retire.
Annual exp: Rs. 5L....dividend income Rs. 26 lakhs.
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I am impressed by
@RahulGandhi
's equity portfolio -a great portfolio most likely built over the last 10 years when he KNEW that the economy will do well. He did not have a portfolio in 2014.
His fund manager choice has been good.
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Why would a real rich person (net worth Rs. 20 crores, age 74) travel economy to USA when his kids don't need the money?
Beats me.
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Kerala collects tax revenue from 100% of its population and uses 90% (Ninety percent) of this to pay to its BABUDOM - 1.5% of the population as salaries and pensions.
TN is 63%...
this is a disaster...
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Can a person aged 30 years RETIRE if he has Rs.10 crores?
Tough question...I didn't have the answers...
what do you think?
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friend had bought a flat in a metro city (ok, suburbs) 9 years ago. Today he is unable to get the amount paid as cost in 2014.
Anybody else with such terrible experience? Do you think this is an exception?
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if your dividend income is 2x your annual expenses, chances are your portfolio will double in 5 years (half the dividend being re-invested.
Extremely likely that you will NEVER have to touch your capital.
Teach your children RESPONSIBLE investing.
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Why not issue free Toll for people paying more than say Rs. 30L of Income tax?
#justasking
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school fees at a top school in Mumbai...Rs. 14L for Kindergarten.
For someone who needs good security, car park, etc. this does not seem to be high is what a friend told me.
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a friend - a top lawyer/CA who deals with tax and enforcement authorities - says "when you walk into this room -make an assumption that the authority knows EVERYTHING about you"
they have amazing brains and software to trace you digitally.
Arvind K is in serious trouble.
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Son in USA, daughter in NZ. 92-year-old man falls from his bed. Wife is bed-ridden. Neighbor (76 yrs) takes him to hospital. Should we have a law that after a particular age people are Compulsorily moved to geriatric care?
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Remove LTCG, Increase 80C to 10L, keep tax slabs the same. See the amounts flowing into PPF, etc. Seriously a lot of people have money and are shit scared to deploy. Gov will get tons of money at 7%...what more do you want? Spend it on infra.
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@rupamurthy1
don't make fun...you are not understanding his mental health problems. If he was not suffering...he would have used a stronger bomb and earned his 72...Now he has to make do with spending time with some burly policmen..have some pity.
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When my uncle retired as the MD of a big company, he too gave up his huge 8000sft company 'house' back to the company.
Sadly we did not make any videos of this dramatic sacrifice of vacating was not made for posterity ....
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I am amazed how in an election year the PM thinks that containing deficit to below 3.5% is MORE important than cutting duties on fuel. Amazing guts and proof that he has nation's interest ahead of NDA. That alone is enough for me to vote for him...
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@ANI
yes Sam, first 1 M US $ is tax-free. Mr. Pits did you know that Rajeev Gandhi ABOLISHED Estate Duty in India in 1981 so that he does not have to pay ED on the property of Indira - he did not want to file Indira's balance-sheet. Wake up
@sampitroda
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Is your portfolio ready for a Sensex journey of 7 years from 60,000 to 65000 via 48000?
Just asking. Mentally, Physically, financially, socially, ...in all respects.
That is important.....
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honestly I did not expect such a huge, huge response. I drove through 80km in Navi Mumbai, Mumbai and Thane.
I doubt I passed by any place where I did not see a flag or Tee-shirt...
Amazed. Honestly.
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If you held on to your equity portfolio during the fall of 2020 'worrying about the Imminent fall' - but didn't sell, go and celebrate 60,000 sensex. Pat yourself - we deserve it and have earned it.
You ignored the pundits and the media? Congrats.
Now repeat the behavior. Again
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I will vote for
@narendramodi
and
@BJP4India
in all the forthcoming elections...and I have many reasons...give only ONE reason why you will vote for the BJP in 2024
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Bank deposits pay about 5.5%, Gov inflation figures (does not include fuel) comes in at 7.61%. Assuming post-tax you get about 4.2%, it means you are getting 3.4% p.a. NEGATIVE RETURNS. If you still hold money in a bank, you are as STUPID as I AM!!
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'I am a Brahmin' - just a statement of fact. No feeling of Pride or Shame. Luckily I lived my life in Mumbai (my Dad was a Mumbaikar too) - and Maharashtra did not persecute us the way TN does.
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One HUGE loot by this govt is equity taxation. 10% without INDEXATION. Anybody who understands investing (or just plain arithmetic) will know what a loot this is. It is criminal. Inflation of 8% is eroding your money - now calculate how much is the taxation.
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the default option for filing IT returns is the New regime of taxation - 7L tax free, no 80C and 80D.
When the gov gives PLI and other incentives for Apple, Lenovo, and Samsung, they gov wants YOU to spend money, not save it in PPf, nsc, elss and such stuff.
So if we have people…
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If I bought Colgate in 1977 and am still holding, it is not 45 years of DOING NOTHING. It is telling myself "it is worth keeping for the next quarter" about 180 times. That is "passive" investing done "actively".
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In a country with so many 'Lawyers' can't we dramatically increase the number of Judges and make the courts work from say 7am to 8pm including full Saturdays - all Saturdays? Increase the court staff to handle the increased load. Make it work throughout the year -cancel…
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I invested, I retired when my dividend income was greater than my expenses. Incidentally, I was 39. I am vegetarian, teetotaller, and frugal by choice. Happy that I don't have any peer, sibling, neighbor,....pressure to 'conform'. I took 6 vacations in 2021. By choice.
When someone tells you they retired from work early n invested their money and now don’t work because of their investments, do ask them to be more candid in disclosing their lifestyle too. Life can be very diff if you want it to be minimal too. Continue working. You’ll do better
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When
@adarpoonawalla
took the risk of creating capacity for vaccine manufacturing how many of us said "we will share your risk"? what if the
#COVID19
had vanished? and he was wondering what to do with the capacity. If you want REWARDS, learn to share RISKS.
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a man who found Rs. 130 for a coffee high 'forgot' to include Rs. 20,000 crore in his declaration. Hello Newton / Einstein please explain Relativity to this man!!
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tax on dividends, tax on long term capital gains, increased STT, capital gains without indexation, ..have all hurt us.
I am paying far more IT now (relative to income as a %age) in 2023 than I was paying in 2013.
And we keep saying "There Is No Alternative".
Sadly, TINA is true.
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Yes I am a Hindu Sanatani and I have always shown my Brahmin identity. Why shouldn’t I? After all, I have come up in life based on merit, I have never begged for freebies in the name of caste, never demanded government to accept mediocrity in the name of caste oppression,…
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Imagine a person who bought a few shares and did not sell. He died and I saw his widow's equity holding - 2000 Hdfc bank, 2000 Hdfc Ltd, 1800 Reliance, 1754 Titan, 2200 Carborundum Universal, 5430 Unilever, ...adding up to an impressive 11 crores.
Fairly obviously she lives off…
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Best time to start investing was in 1922 by your Great Grand father, or in the 1945 by your grand father or in 1977 by your father or in 1998 when you were born.
Since your family missed all that, DO IT NOW. It is the best time.
Don't let your son feel bad in 2045!!!
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Indians who left India in the '70s/ '80s can't reconcile that in technology, digital reach, equipment, banking - we are at least equal to the US, if not better, and AT MUCH lower prices. They hate it when they feel that those who stayed back are not groveling. Right?
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I made a Fantastic investment in
@HDFCLife_Cares
-SPWOL policy. Invested Rs. 25000 in 2004. In 17 years of managing it brilliantly, they have doubled it!! If death was to happen, I will get 52,000. If I surrender it will be worse. Awesome.
@suchetadalal
@BalakrishnanR
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I am an investor, not a trder - cost is not a consideration. Zerodha platform is just far superior to the Hdfc Sec platform. Agree?
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@paragparikh
must be proud that even though
@PPFAS
is a small fund house, it is the ONLY fund house that has the guts to run just one Equity fund, and the guts to hold unitholder meetings. Even better, no other fund house has even copied them! Congrats guys.
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What Luck and what Karma of
@myogiadityanath
and
@narendramodi
that Lord Ram invited them for his Grihapravesh which got delayed by 496 years...
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I don't sell my portfolio so easily. If
#Pappu
becomes PM and completes 365 days in office...I will sell all my shares and migrate ...no clue where.
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Instead of spending I invested! Now I have a lot of money...but no experiences to share with children, grandchildren and friends!
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#JRDtata
- My uncle was standing in the Q for an Air India check-in. Just then JRD entered..the girl at the counter rushed and asked "may i help you". He said "yes of course, AFTER helping the other 7 FARE-PAYING passengers standing in the Q".
Will this culture come back?
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@sumanthraman
ha ha...so you want them to DO IT, but not talk about it till the 4th of June. Great idea sir.
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