Suneet 🇮🇳

I read Sajjid Chinoy's piece today, and some of the things are on the lines of what he has spoken to me through the years. Its a good time to get a reminder/refresher 'course'. Here's a short thread on his latest take. Hope its useful - (1/6) The world is no longer going through temporary turbulence. Trade wars, geopolitical conflicts & AI disruption are the new normal. For India, the question isn't if shocks will come — it's how ready are we when they do?

"I saw AI working in India's Uttar Pradesh. Illiterate women farmers can take a photo of a disease on a leaf and an app will tell them how to kill it. PM Modi was talking about small AI and I want to do this with the world's emerging markets," says World Bank President Ajay Banga

@Iamsamirarora @drallenbaby @safiranand Its the easiest thing to do..extrapolate and arrive at numbers. This is not a BAU scenario and once the dust settles down, crude will too. Temporary hit for sure, no one can deny that

@drallenbaby @safiranand My my- someone's ego is seriously hurt.

I enjoy very much how economists analyze: Oil is up $50. India imports 5 million per day. This is US$ 250 m extra per day or US$ 7.5 billion per month. How will India make up for annual US$ 90 billion extra outflow? Imagine if investors did analysis like this. Stock A is up 0.5% today. That means it will be up 11% this month and some 115% in next 12 months. I am not even considering compounding in this. What will I do when I make so much return- I better book my new car right now.

greysmiles.com/common-emotion… Emotional decisions are a huge danger to retirement corpus, where family & cultural pressures are strong. Here's a compact list of emotional mistakes people make with retirement funds, why they hurt, and simple steps to avoid them. greysmiles.com

Beating Inflation in India: The Case for Strategic Investment Diversification greysmiles.com

@ShivrattanDhil1 Buggers in Thar, they think they own the fucking road. Some silly sense of machoism and entitlement

What hurts the most isn't just the lack of concern for the safety of people with drivers like these—it's the utter disrespect shown to the vehicle, a machine built to perform and protect when treated right.☺️

@connectgurmeet Well said..Sip book will swell exponentially immediately after the current meltdown. Therefore, in your points you might like to add..keep investing and don't stop SIPs during such corrections

SIP book before Covid 8000 cr Now 25000 cr No of demats before Covid ~ 5 cr Now 17 cr Almost 70% investors in markets have come post Covid. This is their first experience of correction. It’s collective responsibility of MFDs, advisors, Portfolio managers to handhold them responsibly. Few points - 5 year returns of mid n small cap index is still 27-28%.. this isn’t normal . Do not extrapolate - have 12-15% expectation over long term. - corrections r integral and usually a good time to accumulate more units/ stocks. -do goal based investing and not tip based.

You always have a primary god. The god who is prayed at home, god whose pictures are in the house, the car, office but what about the secondary gods..as Iike to call them. Gods of HEALTH, WEALTH AND TAXES. Always have them close to you.

@Curious_Shubh But have you taken into consideration our "Chief Tax Officer" Nimmi aunty? She'll surely kill anything that starts to fly with her new taxes

Only 4% Indians have Car Only 6% Indians travel abroad Only 8% Indians have AC Now imagine the potential of these sectors in the next 10-20 years

@IndianTechGuide This is the kind of equality and non vip culture I like. If my roads, homes and offices are sunk, so are yours.

🚨 Flooding in new parliament house.

@rohaninvestor I've started with 3.. 1. Parag Parikh Flexi 2. HdFC mid cap opp 3. UTI nifty next 50

My friend plans to start two mutual fund SIPs next month for his daughter. Can you recommend a mutual fund for monthly SIPs?

@kumarmanish9 Precision work 👏 👏 👏

SDRF rescued a devote drowning in the Ganga in its ferocious avatar in Haridwar. The Kawadia was swept away in the strong current of the Ganga. SDRF made jump at the right time. The devotee saw the “GOD” in action. #kanwadyatra2024 #haridwar

@kattappa_12 This is the best hand that this guy ever got. Best win for both today

इसको सलाम है 🫡🫡 twitter.com/PalsSkit/statu…

@Sydusm Moved out of this community 4 ago after living here for 16years. Too much going on and infra here is unable to take the load. Location is awesome but school next door is a bummer too, cars create chaos. Massive construction activity on plots is another nuisance

Gurgaon after a few hours of rain. Maybe we haven't given enough tax.

@deepakshenoy @NDTVProfitIndia That's still some relief for the old house owners. There are certified evaluators who will put a Fair mkt value if the year 2000/ 2001 based on certain criteria.

@suneet0606 @NDTVProfitIndia Not indexation - it's just that the 2001 price is used as the base.

Revenue secretary clarifies that indexation benefit for properties bought after 2001 will be removed while retaining it for properties bought earlier. Read: bit.ly/3LW3Sjb

@DhanValue She is more clueless that ever but less arrogant. Surprisingly not at all arrogant. Nut a big blow to Old people who have held on to their real estate bought thru the 70s-90s. They will stand to lose the most. They are anyhow not respected by any political party, not a vote bank

Question: You raised LTCG from 10% to 12.5% and STCG from 15% to 20%. What is the rationale behind this? Listen to Response of our FM

@amitgupta0310 This will surely work well for those who jave high risk appetite but unwilling / unable to invest 50L. I think this will rock, especially with better taxation and lower expenses as compared to PMS

SEBI releases a consultation paper for allowing MFs to build 'an alternate asset class' to bridge the gap beteween MFs and PMSs. Minimum 10L ticket size. Long/short and Inverest ETs allowed. Ticket size cannot fall below 10L due to redemptions from investor at any time. Max 10% of a single stock exposure allowed. Index/Index ETFs exposure can be 100% Mutual funds with minimum of 3yrs in operation and 10,000 cr average AUM in last 3yrs can apply. If the above condition is NOT met, then CIO with minimum 10yr and 5000cr AUM experience. Additional FM of minimum 7yr and 3000cr AUM management experience required. Essentially, this is AIF category 3 with min 10L ticket size for HNI and UHNI investors. sebi.gov.in/reports-and-st…

x.com/RestrictedVids… What's wrong either this life

Ivermectin and fenbendazole kill cancer. They don’t work 100% of the time because nothing so simple does, but I would take them before nuking myself with chemo. What I recommend to those willing to make drastic changes is a comprehensive and deeply personalized protocol from a close friend and colleague who regularly cures cancer in those committed enough to follow his directions.