Deviated Finance

@dmuthuk It definitely reflects your smartness that you're able to see it through & not believe in one thesis for life.

This year is coming to an end in which radical shift happened to my investment thought process. I started the year as a completely different investor and fully changed now. I no longer want all my money in markets. Since life has been kind, want to keep 10 to 15 years of lifestyle expenses outside market. No longer view indexing or always staying invested with a favourable lens. Regularly investing money in index is nothing but buying more of over valued stocks and less of undervalued stocks. Indexing is a better option for those who know nothing or not interested in knowing about markets. A small percentage of stocks only create wealth. In many cases, majority of the wealth is already created by the time a stock qualifies for index. Market weighted index are extremely concentrated in favour of over valued stocks. Also I'm forced to own even 200 PE or 500 PE stocks. No benchmarking or planning to beat benchmark. What ultimately matters is how much wealth you create in absolute terms and how much of it you can protect during bad times. Stocks can individually correct even 50% or more. But no point in financial assets dropping by 50%. It is no solace that my portfolio fell only by 47% when index fell by 50%. Buy when there are opportunities. Hold good companies. When fortune of businesses change or stock gets obscenely valued, just sell. You cannot define investing by any rules. Be flexible. When assymetric bets are available, take chances. When there are no opportunities, keep the money in bank. Unless you are a professional fund manager, benchmarks or exceeding benchmarks doesn't matter. For individual investors what matters is what is the absolute amount you can make during good times and how much you can limit your losses in absolute amount during bad times. Cash doesn't provide returns. It provides optionality which is more important than returns. It so happened at some point this year I was fully on cash for the purpose of transitioning to new stock picking philosophy, diversification, asset allocation, keeping lifestyle expenses away from markets and so on. Simultaneously I was reading a lot about different industries and dozens of companies. In my view, I was able to create a high potential portfolio roughly at one third of cost compared to the valuations prevailing last year. I was able to get some gems for pittance. It was not planned. Just pure luck. Felt like sharing this.

Hey @zerodha Facing problems with 2FA even after putting in the correct app code from Kite. I can DM account details.

Hey @waterscience_in My order was supposed to be delivered on 5th Dec, but it has still not been delivered. This is the order link: shopify.com/4098581/accoun…

GST cuts are meant to ease costs for consumers, not pad profits. How do we ensure companies pass on the benefit instead of profiteering? It would be great if someone can make an opensource tracker and alerter. #GST #IndiaEconomy

hello @CarrierIndia I've raised a ticket with you one week ago. Still no callback, no technician assigned, nobody came. It's very poor service from you.

I think Rome is falling...

@A_K_Mandhan 007

Boring process makes a lot of #money. I started a #SIP in an equity scheme in May 2011 with Rs. 5,000/month. Total investment: Rs. 8,50,000 Current value: Rs. 45 Lakh Returns: 20% p.a. 💰 Start your SIP as soon as you can ! comment= 007 to get mutual funds list

So @AskPerplexity can just add blabbering on top of a web search. Does it add any intelligence other than summarizing it? @AravSrinivas

If I ask ChatGPT, Give me 3 stocks with XYZ criteria, it searches the web, refers to articles online, and gives, then if I question it, it says sorry and moves on. Pathetic, performing poorer than a research intern. @ChatGPTapp @OpenAI @sama

LLMs r as useless/useful as Jr research analyst in the share market. if you show your conviction, they say good things, you doubt the same strategy/share, it also raises the alarm. Fuckin grammatical autocomplete, no intelligence. Just go to it for confirmation bias🤡

One thing I have learned in 5 years, if you're investing casually (not tracking actively, but selecting stocks with basic research) Always add stocks that are doing good. It's always counter intuitive since we tend to average down the laggards.

If you would have bought Ola IPO instead of Ola scooter, you could buy 2 scooters 💀🥰😂

I have a friend whose Zentec avg is 100, I added 10 shares at 1300 & I'm 25% up in a month! Insane rally.

Making money in stock market is very easy, until it's not

The only thing that can stop the MapMyIndia rally is me buying it 😂 I have experience of stopping other historic rallies like irctc, dmart lmao

Sensex above 65.5k is obscene 😂😂

@GST_Council @nsitharaman Why to make GST registration and obstacle and for individual freelancers. There are so many services these days, people can provide online, from home or from anywhere, especially software consultancy, professional writing etc.

Utter stupidity by Aap tho

How many more dips to buy Milord 🥹

Should I touch Adani shares. I have inverted Midas touch and I don't like Adani shares sailing so much. Maybe if I touch, they might be back to where it belongs lol