CFOBuddy

@Sachan8574 Use public transportation

My dad was asking me to buy a shop for sale and use it as a garage for my car. Price around ₹23L which will save me around ₹40K annually for parking fee. Is it a good deal?

@dmuthuk It’s about how much you save How early you started And did you need to buy a house

In general, even among high income earners, let me tell you when someone reach a wealth of say Rs.3 crores. Age in late forties to early fifties. Designated as Vertical Head or Senior Director or similar titles. CTC anywhere between Rs.60 lakhs to Rs.1 crore per annum. Own a 3 BHK flat. Would have repaid home loan. Say 2 children in high school or college. A decent car mostly under company (employer) lease. Mutual funds, shares, money in bank and Provident Fund - roughly around Rs.3 crores. In exceptional cases, close to Rs.5 crores. This is general standard among high income earners in our country. So don't fall for finfluencers trap of creating wealth of Rs.50 or Rs.100 crores is easy. Except for extremely lucky or corrupt, making every single crore is difficult.

@safiranand Is hdfc banks pathetic stock market performance due to govt policies or tax?

If govt starts addressing capital market taxes and fii uncertainty issues we will be back in top 100. Our mkt will rally, people will pay more tax on stt, capital gains, cos will raise funds easily, govt can do divestment, consumption will be boosted as people will have gains, fii outflows will reverse, insurance products will do well as many linked to equity, capex will benefit as debt to equity will improve. @narendramodi @PMOIndia

@VishalBhargava5 Completely agree.

I used to think that Builders were always in a perpetual sulking zone. But Stock Market guys are cry-babies of a different level. The moment markets slump for a while, they cry about STCG, LTCG etc India should care more about improving business environment than pander to them

@WeekendInvestng Why did he move the money to India ? He took FX risk Also pl check on taxation before asking for a break

A friend who is a long time resident in UAE was complaining that his INR deposits of the last 2 years are showing capital loss for him as INR has depreciated 17%. This must be the case for so many NRIs who keep money here and this is very worrying for the flow of forex in. @nsitharaman a Tax break for all money coming in is a need of the hour !

@dmuthuk Completely disagree that people should not invest regularly Pl do the math with even a simple 10k sip increasing by 5% per year starting at 25 years till say 50 years Is how your company doing in your hand ?

Huge wealth is not usually created by investing a small sum every month in say an equity fund or gold. You need big income for which extraordinary luck is required. The people I referred to who had wealth of say Rs.2 crores or Rs.3 crores even twenty five years ago, they all had ESOPs. And which year you joined made a very huge difference. If you joined in say 1996 or 1997, you ended up with few crores. Even few years delay, those people are still working.

@Number10cat @Pascal_Laurent_ Wonder what UAE residents say about the influx of British tax exiles. Do they ask them to learn Arabic ?

@Pascal_Laurent_ Cat check: This is very obviously AI.

🇬🇧 POUR LES ABRUTIS ET LES TRAÎTRES QUI DISAIENT QUE LE GRAND REMPLACEMENT ÉTAIT UN FANTASME D'EXTRÊME DROITE...

@atul1602 Must ask the millions of HNI investors who invest in ppf for decades

@CFObuddy Why do you think that PPF is so important ? I don't have PPF as well. Happily beating inflation, 14-15% Xirr for last 13+ years. Have emergency fund, term insurance, health insurance, liquid funds as per my plan.

My client Suresh, 52 from Noida. Senior engineer earns ₹1,80,000/month. Came to me 3 years ago. Completely panicking. Atul bhai - I am retiring in 8 years. I have ₹8L in savings. That's it. 22 years of ₹1L+ salary. ₹8L saved. Not because he was careless. Because nobody ever told him to invest systematically. We started immediately 👇 ₹60,000 SIP monthly. NPS top up - ₹50,000/year. Health cover - upgraded. Today — 3 years later. Portfolio — ₹28L growing. NPS corpus — ₹2L building. On track for ₹1Cr+ by 60. Not perfect but decent retirement. Starting late beats never starting. What age did you start investing? Comment below. 👇 #personalfinance #earlyvslatestart @sarang_contra @anupkhamkar @AmeyaInvests @swingcrafthq

@atul1602 No wonder Suresh has a crappy portfolio if he feels PPF!!! is an uncomfortable investment. He has not been guided properly maybe his advisors are not aware of the scheme and benefits.

@CFObuddy He was not comfortable doing it.

@atul1602 It’s not a 15 year lock in Also does he not expect to be alive till 67?

@CFObuddy He had not started his PPF unfortunately during early years. At 52, 15 years lock in felt long.

@atul1602 Ok he would have pf at least

@business_today @shail_bhatnagar @RajeevThakkar Does Korea Taiwan or Japan have it own crude ?

Rajeev Thakkar explains why weak rupee & FII selling aren’t major threats Watch: youtube.com/watch?v=ShqwiE… | #PPFAS #IndianEconomy #Rupee #StockMarket #FII #Sensex @shail_bhatnagar | @RajeevThakkar

@_soniashenoy Can you tell me what technology india ever had ?

Ramesh Damani tells me his view for the next 2-3 years is A) the bull market continues . What we are seeing is a deep correction an ongoing bull market B) oil will remain elevated , 85-90 to remain a bottom C) the importance of asymmetrical warfare will increase as every country wants to up their self defence. @_groww

@sumitkbehal Not after inflation

Investors are criticising PM Modi for decline of INR against USD but they are missing most important macroeconomic indicator 1 INR is still worth 1 INR

@kushallodha548 Investor in some PMS may make a profit. But PMS fund manager will always make a profit for listening to his stories and reading his book

A construction worker or JCB operator now earns more than an employed graduate! On my podcast, I got to know some hard-hitting realities: -> A Mumbai construction worker makes ₹4 to ₹5 Lakhs annually. -> An entry-level engineering graduate makes just ₹2 to ₹3 Lakhs. -> 30% of all graduates are currently unemployed, while unemployment for uneducated people is just 3%. -> The middle class (earning ₹5 Lakhs to ₹1 Crore) pays 70% of India's income tax. -> Nifty 50 average salaries grew from ₹10 Lakhs to just ₹11 Lakhs in 10 years (1% CAGR). -> Even a CA made ₹10 LPA in 2015, and the 2026 average is still just ₹11 LPA. -> With expenses rising 9-10% yearly, professionals are actually 25-35% poorer over a decade. Saurabh Mukherjea (Founder of Marcellus Investment Managers, and a bestselling author) shared these insights while discussing his new book on the middle class on my podcast. This episode is powered by @_groww. Watch the full episode on my YouTube channel. #finance #investing #stockmarket #mutualfunds #kushallodha

@Panks_Arora His income went down too

A family friend invested 28L in a “star” PMS in 2021. Today it’s 37L (~5.7% CAGR). Meanwhile, Nifty/index funds did better, yet the PMS still charged hefty annual fees. Investor took the risk. Manager took the guaranteed income. #PMSReality

@zoru75 Each would have their own cost Center code and there will be a team monitoring each xerox.

HDFC Bank One branch with 3 internal levels Where printers/xerox on 1 level are not working And staff on other level don't share their printers/xerox machine So hdfc staff have to exit branch And go 15 mins away just for a xerox My HDFC Bank Taking babudom to the next level

@niraj_shah 2032 ?

Quant MF's Sandeep Tandon did an interview with us tdoay. Small thread of the key takeaways (1/5) -We’re in a structural bull market for yields & inflation that runs till the end of the decade. Geopolitics stays elevated till 2032-33. Stop waiting for calm. Markets reward clarity, not certainty - learn to hunt opportunities in chaos. Effectively, active portfolio management is now table stakes.

@connectgurmeet Guess you missed the ASML announcement

Top billionaires are accelerating capex in AI, Humanoids , Spacetech, fuel cell , defence tech Our top business houses (with few exceptions) are doing paints ,colas, icecreams , house fittings, IPL teams etc..nothing against them as India is a large consumer market but the urgency to pivot n innovate is missing . Nifty 50 and Nifty 100 composition will change big time in next 3 years.