BC FINANCE
Saved by @SteveeRogerr

It's a beautiful Saturday on this Corona riddled planet. It's a good day to do the following:

1. Open your account statement and find out how much commissions you are paying. You'd be paying anywhere between 0.7% to 1.3% extra over direct plans.

 1.5 You can download your statement on CAMS, KARVY, NSDL etc.
2. If you are one of those Robinhood Traders and you started mistakenly investing in mutual funds instead of trading mutual funds, commissions can kill you! A simple 1% difference in commissions can add over 10-15 years. This comparison has been done to death but once more.
3. Figure of if whoever sold you these things, be if your advisor or distributor are providing value equal those commissions or not. This is an incredibly hard thing to figure. You need to do deep research, understand money yourself and then ask your advisor/distributors
3.5 This is an incredibly hard thing to figure. You need to do deep research, understand money yourself and then ask your advisor/distributors the right questions. Beware these guys are prone to bullshitting. So, interrogate them as a cop would a criminal.
4. We don't have nearly enough good advisers in India, So if you were to look at the odds that you found a good adviser/distributors vs a sales guys who sold you high commissions garbage, the odds favor the sales guy selling costly garbage.
5. To understand if you've been sold some garbage, you need the ability to distinguish substance from garbage and that takes a lot of time as opposed to buying some Nifty Calls and watching them go up 100%. Or joining some fucking options seminar.
6. Buy any best selling personal finance book, sit your ass down, switch off Netflix, throw that blunt and read that book. You'll fell like committing suicide by the time you reach the insurance chapter. But stay strong, don't kill yourself
7. Now, if you don't want to read a book, read 100 posts on @FreeFinCal, @ZerodhaVarsity, @freefloatHQ, @StockViz, @capitalmind_in, @PortfolioYoga and learn thee goddamn basics.
7.5 Please don't read any of the mainstream financial or business publications. Avoid them.

AND DON"T FUCKING WATCH CNBC, Zee Biz and listen to those gurus. They're on for one reason - to make money
https://t.co/JRsxckZKOJ
8. Now interrogate your adviser, waterboard him. And figure out if that 0.80% to 1.3% in commissions you are paying is worth it.

If it's worth stick with your adviser. the better adviser would be someone who charges a flat fee but there are 7 of those in India. Look for one.
9. If you bought some financial product from a bank, or rather you were sold something, that means it's scammy. get rid of that mutual fund, insurance policy, like you would get rid of a torn underwear - IMMEDIATELY!
9.5 If you bought some investments that were recommended on some platforms, look closely. These platforms have an incentive to sell you garbage that give them the highest commissions.
https://t.co/WgYK5P1at1
10. When people say there are no get rich schemes, THEY ARE LYING. Of course there are get rich avenues like joining some options seminar. One guy was selling and I'm not kidding a "machine gun" Strategy. You can join them.
10.5 But the tiny problem is that your odds of getting rich by joining these seminars, paying 5 laks, trading options and then getting rich is about 1:50767364764. So if you like those odds, JOIN a MACHINE GUN SEMINAR now.
11. Don't fall for fancy bullshit and nonsense sold by AMCs. They'll sell you gabage in the name of AI/ML, Advanatge, Disadvanatge and so on. Be careful.
12. Assuming that you've done everything until 12 and you've built a decent portfolio. Be satisfied, don't mess it up by adding more shiny objects. The AMCs are very gracious and polite, they never say no to your money. Don't say yes!

https://t.co/hRYFBGxy3O
13. Investing is just a small part of your personal finance checklist, in fact I'd say it's the most inconsequential one. Things like insurance, having the right career plans, having a will, making sure your family is taken care of etc matter a whole lot.
12.5 Oh on a side note, STOP LISTENING TO AMC CEOs. It won't work well for you.
14. Keep your money. Stop paying salesman needlessly. You won't get 80C tax benefits for paying pointless commissions. Or donating money to an NFO.
15. 99% of the financial services industry is meant to take your money and give nothing in return.
16. Uninstall your investing mobile application and do something worthwhile. Get drunk and read The Intelligent Investor by Benjamin Graham, or watch Ram Gopal Varma Ki Aag on mute.
17. Stop getting ripped off.
18. Have a good weekend.
Oh and beware of personal finance gurus!!!!!!!!!!!!!!!111

https://t.co/WgYK5P1at1

More from Artificially intelligent fool 🧠

ESG compliant gyani
ESG compliant gyani
@passivefool
A nobody cares thread.

Nobody cares about the things that matter - getting investors in, helping new distributors advisors, making things (Slightly) easier for investors, honest mis-selling etc.

Nobody cares about direct plans of mutual funds


Nobody cares about about mutual funds either

Very few care about mutual funds. Just 2.1 crore unique investors. If you probably take out HNIs/institutions in this, that's maybe 20-30%, what's left are the common gareeb folks.


Nobody cares about direct equity investing either.

Next time when someone says, people are moving away from mutual funds to direct equities, show them this and punch them in the throat.

Only 1.5 cr active demat accounts. If you remove duplicates, maybe 60% of this?


Nobody cares because very few people have money to care either?
TRADING
Sir Metafool
Sir Metafool
@passivefool
Has anyone seen "you are getting mutual fund units at discount" and "India growth story" tweets?

This is a bit worrying.
MFS
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Not dead...yet.
Not dead...yet.
@passivefool
Lot of startups who are yet to make profits are filing for IPOs globally. I'm reading the filings and the language is terrible. A few tips on how to do it right.

Here are the right terms to use instead of the current antiquated language.

We are making losses.

"We've been consistently making negative profits and growing year on year."

We don't yet have a business model.

"We're innovation leaders in several fast growing market segments"

Losses will increase for the foreseeable future.

"Blockchain"

EBITDA is negative

"Our future adjusted EBITDA margin is consistently positive"

We Work got it right with their Community adjusted EBITDA
MARKET CYCLE
#ESG compliant verbal farts
#ESG compliant verbal ...
@passivefool
Holy shit. 8000 crores raised IN NFOs in a month. Look at the schemes, all pointless garbage!

https://t.co/jZoancOqqa


If you look closely, 4 out of the 6 top NFOs in terms of money raised are from bank owned NFOs. These AMCs are notoriously skilled at selling garbage funds through their banking channels. They've turned mis-selling into an art. They're are Picasso's of mis-selling

One would be excused for thinking these are intent based allocations by investors which isn't the case. These funds would've been sold mis-sold by any way possible. Bank RMs are incentivized to do so.

Otherwise, in a country where people don't understand a simple mutual funds, expecting people to understand a worthless and pointless ESG fund a d then allocating 1500 crores is a mega stretch. ICICI Pru too had raised 1000+cr for its ESG fund.

The fact that these new funds are raising so much money to me is a negative. In a time like this, where will retail investors find fresh money to allocate? Which means they must doing stupid things like selling other funds.
TRADING , ALL , NFO
Sir Metafool
Sir Metafool
@passivefool
@TraderIndian
PUMP DUMP

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Grant Williams
Grant Williams
@ttmygh
1/ I'm thrilled to announce the launch of my new website, a one-stop shop for all the content I'm creating.

There you'll find links to all my podcasts, the TTMYGH newsletter, and other exciting future projects.

2/ In 2020, I reignited my passion for interviewing brilliant people by launching The Grant Williams Podcast in various forms, including The End Game, The Super Terrific Happy Hour, and The Narrative Game.


3/ Starting February 1, I'm taking the bold step of moving these podcasts completely behind a paywall.

For the very affordable price of only $10 a month, listeners can gain access to the Copper Tier of https://t.co/fxUfH8maI4, which includes all current & future podcasts.


4/ Why am I doing this? First and foremost, I aspire to create VALUABLE content. By definition, if something is priced at $0, it isn’t valuable. The time, effort and creativity that goes into these episodes is substantial. To keep doing them properly, they can no longer be free.

5/ I also strongly believe content creators should be able to make a living creating content. If everything is free, that’s not possible. I never seriously considered accepting outside sponsors – complete integrity is too critical to me.
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신념의사나이...
@Belposto_korea
Introducing “Financial Service Centers.” The future of the new Financial Service Industry.

There is a need that the banking system has provided for all of society that cannot be eliminated within the new Quantum Financial System./1

The financial system is the glue that holds society together as we go about our commerce one with another. It is essential./2

As long as money is used to exchange goods and services, it is a service that must continue in some form, hopefully, better. Positioning ourselves to perform this service is essential./3

As the Zim Benefactors begin their humanitarian activities, a new Financial Service Industry will need to be created out of the demise of the banks. It is a major facet of society that few Zim Benefactors have given any thought to./4

The Financial Services Industry is just as important as putting food on the table and a roof over the heads of humanity if society is to be successful. Again, it is the glue or mortar, that keeps the bricks of society together./5
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Mostly Borrowed Ideas
Mostly Borrowed Ideas
@borrowed_ideas
1/ Thread: $GOOG 4Q'20 Update

For the first time, GOOG segmented its cloud revenues/income separately, and overall revenue was >20% in 4Q which led to +7% after-hours reaction yesterday.

Here are my notes from earnings/press release.

2/ In the last quarter, here is the segment-wise growth:

Search +17.4%
YouTube ads +46.0%
Google Network Members +22.9%
Cloud +46.6%

Cloud more than doubled in the last two years.
Other bets losses $4.5 Bn in 2020 (vs $4.8 Bn in 2019)


3/ Operating margin in Q4 ~28%
FCF margin in Q4 ~30%

One of the big takeaways was the core business was even MORE profitable than most investors thought since cloud had -42.9% operating margin.

$GOOG's search business is a good comp for Fed in terms of "printing" money. JK.

4/ "you can track takeout and delivery orders when you book or order from Google Maps"

"More than 0.5 million channels livestreamed on YouTube for the first time in 2020"

"videos in our new Shorts player are receiving 3.5 billion daily views."

5/ Google Pay app is now used by >150 mn people in 30 countries.

Cloud backlog $30 Bn now (from $19 Bn in Q3)

# of Deals >$250 Mn became >3x

Waymo is providing hundreds of fully AV rides per week

Retail searches >3x YoY

Cloud operating losses flat YoY
FINANCE
Investment Books (Dhaval)
Investment Books (Dhav...
@InvestmentBook1
10 Key Takeaways from the book: The Emotionally Intelligent Investor


1. Investing success does NOT come from ignoring or suppressing emotion. Assuming that you have relevant expertise, disregarding intuition and empathetic feelings because they cannot be explained, is a mistake!

2. Self-awareness is the first and most important step in improving as an investor. An investment approach needs to fit with your unique set of motivations, personality traits, weaknesses, and strengths. Don’t try to be exactly like Warren Buffett if you are not like him!

3. Humans have certain common investing vulnerabilities, but everybody is unique in their susceptibility to them. Consider your weaknesses to be the investing biases and traps to which you are most prone.

4. Because we are constantly changing, introspection should be incorporated into the daily and weekly routines of any investor. Try writing in a trading/Investing journal.
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Sahil Bloom
Sahil Bloom
@SahilBloom
The Cantillon Effect is the most important economic concept you’ve never heard of.

Here's a breakdown of what it is (and why you should care):


1/ Richard Cantillon was an Irish-French economist and philosopher born in the 1680s.

He achieved success as a banker—which he attributed to the formidable connections made through his family and employer.

At a young age, he had learned of the impact of proximity to power...

2/ Around 1730, Cantillon wrote a paper—Essay on the Nature of Commerce in General—which is considered a foundational work in the study of the political economy.

It was widely circulated in manuscript form, though it was not published until 1755, well after his death.


3/ In the paper, Cantillon posited that the early recipients of new money entering an economy will benefit more significantly than those it trickles down to.

In other words, the "flow path" of the new money matters!

4/ In 18th century terms, those closest to the King—the source of money/power—benefitted first when new money entered the economy.

Broadly, Cantillon observed that new money creates distributional effects based on where it enters the system.

The Cantillon Effect was born...
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Max Fagin
Max Fagin
@MaxFagin
November is here, and that means a massive shift is coming. And by "massive" I am of course referring to the redefinition of the kilogram unit of mass that the world has been building up to for more than 100 years. Let me explain:


1/ I've had an unhealthy fascination with metrology (the study of measurement) ever since my 2nd year as a physics major when I took a class devoted to duplicating historic physics experiments, so please indulge me for going into heavy detail (get it?) about the kilogram.

2/ So what actually *defines* a unit of measurement? If you're American, you probably know a mile is 5280 feet and a foot is 12 inches and an inch is 2.54 centimeters etc. But where does this chain of definitions end? Is it turtles all the way down?

3/ It's actually not! For all units (even the imperial units used in America) the answers all end with the Système International (SI) unit definitions established and maintained for over 100 years by the Bureau International des Poids et Mesures (BIMP) in France.

4/ At the base of this tower are the SI base units. Just 7 SI base units define every other unit in existence. They are:

Kilogram, kg (mass)
Meter, m (distance)
Second, s (time)
Kelvin, K (temp)
Ampere, A (electric current)
Candela, cd (luminous intensity)
Mole, mol (quantity)
SCIENCE
Pieter Levels \u2728
Pieter Levels ✨
@levelsio
Joe Rogan's podcast is now is listened to 1.5+ billion times per year at around $50-100M/year revenue.

Independent and 100% owned by Joe, no networks, no middle men and a 100M+ people audience.

👏

https://t.co/RywAiBxA3s

Joe is the #1 / #2 podcast (depends per week) of all podcasts

120 million plays per month source https://t.co/k7L1LfDdcM


https://t.co/aGcYnVDpMu
MAKERS
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sriram
sriram
@SriramKannan77
Swami Ramanujar:
Important personalities in Sri Ramanujas Life :
🌸ASURI KESHAVA SOMAYAJI-Father of Sri Ramanujar .Asuri keshava somayaji was a learned brahmana living in sriperumbudur.


🌸KANTHIMATHI-Mother of Sri Ramanuja. Kanthimathi was the sister of sri periya thirumalai nambi .
🌸SRI YAMUNACHARYA-Acharya of Sri Ramanuja.Also known as Alavandar.
🌸THIRUKOKOSHTIYUR NAMBI-Also known as Ghosti Purna.He instructed the Rahasya Traya to Sri Ramanujar.

He lived in thirukoshtiyur.
🌸THIRUKKACHI NAMBI-Kanchi purna was born in puvirunthavalli near kanchipuram and met the young ramanuja at an important time.He did the service of Lord Varadha.

🌸THIRUVARANGA PERUMAL ARAIYAR-Important acharya lived in srirangam and rendered the service of playing music for lord Sriranganatha.

🌸PERIYA THIRUMALAI NAMBI-He was the maternal uncle of Sri Ramanuja.He taught sri ramanuja about the epic of sri ramayana and other ithihaas and puranas.Served sri venkateswara at tirumala.
ALL
Ottoman History Podcast
Ottoman History Podcas...
@OttomanHistory
Here is a special thread introducing our series on “The Making of the Islamic World.” It offers 10 episodes about the transformation of Islamicate societies between the 7th and 17th centuries. You can find the series page here: https://t.co/7mL9eWmMmz


This is Chris Gratien posting. I created this series during Fall 2020 for my students as asynchronous material supported by readings and discussion. This is going to be a long thread, but it will be a great shortcut for those looking to make similar use of these materials.

There are two items worth pointing out: 1. This is an overview of the political, social, and cultural history of Islamicate societies. It does not deal with the origins of Islam or many theological questions. It does discuss Islam’s spread and the transformation of Islamic law.

2. This is the first part of a two-part sequence that takes the history of the Islamic world into the present. It emphasizes developments and themes that have particular relevance for later periods.

This is really a multivocal narrative of Islamic history. We feature over 20 scholars from almost as many institutions. Many of those who worked on it, myself included, study the early modern and modern era but have teaching obligations that take us further back in history.
RELIGION
\u2728Anshika Sharma
✨Anshika Sharma
@Anshi_________
Low-risk, High-return stocks are what we look for relentlessly

But many of them we know but ignore
some of them don't grab financial headlines

Here are 10 low-risk, high return stocks (that we ignore):

What I mean by “high-return”?

These stocks have OUTPERFORMED the market:

💹Chart with upwards trend Since IPO
💹Chart with upwards trend Over the last 5 Years or since IPO

These are all long-term winners that will keep on winning

What do We Mean by “low-risk”?

A combination of:

❣️Great management
❣️Broad moat
❣️Financially strong
❣️High ROCE
❣️Low Disruption/Dilution/Volatility
❣️Consistent Organic Growth
❣️Assorted Customers/Suppliers
❣️Low debt

1-#CDSL

A depository is a big business and will grow continuously, Its a sustainable business
cause "Market hai toh CDSL bhi hai or rahega"


2- #Dixon

High Management Efficiency with a high ROE of 19.30%
Healthy long-term growth as Net Sales has grown by an annual rate of more than 30%
High Institutional Holdings
LOW RISK HIGH RETURN STOCKS , LOW RISK HIGH RETURN STOCKS FOR LONG TERM , LOW RISK STOCK IDEAS