VINΛI

India's food delivery market is now a duopoly: Zomato: 57% Swiggy: 43% First, win users with discounts. Then, build habit. Finally, increase prices. And by the time you notice, you are already hooked.

The future of AI is not just efficiency. It is intimacy. And we are far closer to that future than most of us realize. -@warikoo

@Thebestfigen @grok whats the movie name and where can i watch this

A great movie and adapted from the book! The true story of Russian sniper Vasily Zaitsev.

Most of what you believe is not what you've chosen to believe but what you were told to believe.

@PPFAS Hello Team, My current month SIP got reverted mentioning KYC issue. I didn’t get with this message. Can you please respond to my email or message in twitter. I am in US currently and cant reach you over the phone. Please help me with the issue. Thank you

AUM of India's top AMC is below 1% of BlackRock's. Will the gap narrow down going forward?

Next 10 years will be a golden period for Indian stock market considering the following facts : India : only 3.8% people invest in stock market. China : 13% of people invest in stock market. USA : 55% of people invest in stock market. In china retail investor base is 99% and hold great influence on stock market.

@XfinitySupport @Xfinity @XfinitySupport stop sending this bot messages. Atleast check your DM before responding!!

@VinayThum We appreciate your time in working with us. We will continue to work with you in DM to be sure the issue is resolved. -Kassie twitter.com/messages/compo…

@XfinitySupport I have opened a case (ECM0004479465) on Oct26th. Even after chasing multiple times and spending more than 6 hours on use less chatting with customer service didn't resolve my issue. May I know how many months will it take for you to resolve your own created issue?

@XfinitySupport @XfinitySupport @Xfinity , I have been chasing on the fraud you did to me in trading my mobile and Its been 3 mnths since i have opened the ticket for the stupid issue that you have done from your end and for which am paying extra amount every month?

@XfinitySupport I have DMed you all the details. Can you please acknoweldge the issue there?

This is a perfect summary of Compounding in Investing - Portfolio value when investing Rs 30000 every month and assuming you get 12% returns every year - It takes a 8 long painful years to reach your first Rs 50 Lakhs It takes only half the time - 4 years to reach the second Rs 50 Lakhs It takes only ~3 years for the third Rs 50 Lakhs By the time you reach the 20th year, you add Rs 50 Lakhs almost every year! This is the magic of compounding - Initially, it is close to nothing, but if you give it enough time and stay put - you get to enjoy the fruits of your patience! We also call it the snowball effect, you have to keep pushing a snowball initially which takes a lot of effort. But once it reaches a certain stage, it keeps getting bigger and bigger and unstoppable! Live example of this Snowball effect - Warren Buffet started investing at Age 11, and he became a Billionaire at age 56. In his 60s he was at 10 Bn $, in his late 70s he was at 50 Bn $ and as of 2023 end (Age 93), he is worth a staggering 120 Bn $!

@XfinitySupport I have sent my details several times but of no use. Is this just a bot handle or will even respond with anything else other than send us a DM with your name and address? Please acknowledge my issue

@VinayThum I am truly sorry to hear about the experience you're having. Your emotions are valid, I know the value of getting the best experience with our chosen service provider. We'd like to help! Please send us a DM with your name and address to get started. twitter.com/messages/compo…

@XfinitySupport @XfinitySupport @Xfinity , I have DM you the details almost 10 hours ago but still no acklowledgement from you. Is there any use of this handle in twitter?

@VinayThum We are here for you. You can DM us with your first name, last name and complete service address to investigate further. twitter.com/messages/compo…

@XfinitySupport @XfinitySupport , Please let me know if this will be resolved or again waste of my time here? I have been charged extra $$ every month for this issue from you?

@XfinitySupport I have given you the case details. Do you still need my personal details?

Sovereign Gold Bond (SGB) Series I is estimated to have fetched investors an XIRR return of ~12.9% from the issue to maturity. The 1st Tranche launched on 30th Nov 2015, has now matured after 8 years and can be redeemed at Rs 6,132 per unit. SGB's redemption value is calculated as a simple average of 999 purity gold's closing price in the preceding week prior to the redemption date, i.e. between 20 - 24th Nov 2023, as reported by the India Bullion and Jewellers Association Ltd (IBJA). The issue price of SGB 2015-I was fixed at ~Rs 2,684 per gram of gold, similarly calculated as the redemption price. Investors earned per unit returns linked to gold prices 👇 = Redemption Price - Issue Price = Rs 6,132 - Rs 2,684 = Rs 3,448 per unit The bond also fetched an interest income at a fixed rate of 2.75% per annum, which was paid semi-annually. = Rs 2,684 * 2.75% p.a = Rs 73.81 per unit p.a = Rs 36.91 per unit semi-annually. The subsequent tranche was launched as Series II in Sep 2023 at an issue price of ~Rs 5,923 per gram of gold with a revised interest rate of 2.5% per annum. SGBs are exempt from capital gains tax when held until maturity. However, the interest income will be taxable as per your income-tax slab. Here are the key features of SGBs that can help you understand the gold instrument better 👇

40,000 times in 100 years is 11.3% A bungalow in Nepean Sea Road, South Mumbai was bought for around Rs.1 lakh in 1917. It is now going to be sold for Rs.400 crores. The value of the bungalow has multiplied by whopping forty thousand times in 100 years. Real estate is always discussed in terms of how many times it has multiplied. Rarely anyone in that industry calculates XIRR or annualised returns. 40,000 times in 100 years when expressed in terms of XIRR is 11.3%. Not a bad return at all. But nowhere as glamorous as saying 40,000 times. Many tell me something like that the property they bought 25 years ago has multiplied by 10 times. Sounds fantastic. But the annualised return works out to 9.6%. When I say Birla Sun life Tax Relief’96 has provided around 26% returns in last 20 years, it doesn’t sound much sexy. When I rephrase that the fund has multiplied wealth by 100 times in 20 years, it suddenly looks very attractive. Generally, finance people always talk in terms of annualised returns. If I say, you may expect around 15% annualised returns from equity over next 20 years, what it means is that the money getting multiplied by 16 times.   Do one thing. Use the simple function in excel or a financial calculator to calculate returns in terms of XIRR. An exotic 10 times in 25 years would be converted into a modest 9.6% XIRR. Comparison between asset classes would become meaningless if not measured in the same way. Learn to measure everything in terms of annualised returns. This would not only impart better financial literacy, it would also reset your expectations to more realistic levels. If a prime property in Mumbai can ‘only’ deliver 11.3% over 100 years, you would learn to be contended with 9% annualised returns from your real estate investments. The 2004-07 bull market in stocks, the 2004-09 boom in real estate are more of exceptions than the rule. As I’ve mentioned before, in the long run, you may set your expectations as follows: Fixed Deposits: Inflation + 1% Gold: Inflation + 1.5% Real Estate: Inflation + 3% Equity: Inflation + 7% Calculate how much annual returns your real estate investments has delivered over last 2 decades. The number may surprise you. ( I wrote this piece in 2016)

I asked my Guru “What is important for happiness that cannot be bought, but must be earned?” He answered “A calm mind, a healthy body and a house full of love.”

Heard from someone: Your degrees are just a piece of paper, your education is seen in your behavior. #mondaythoughts