I had stupidly over indexed on equity, made terrible mistakes with money (see thread the end of this thread) and had no other income stream.
How I invest my money
A thread...
I had stupidly over indexed on equity, made terrible mistakes with money (see thread the end of this thread) and had no other income stream.
So while I had "wealth" I did not have any income.
The last year I have been working on changing that.
A decade back I bought a term insurance plan for 25 years, for 10Cr.
Which means if I die in the next 25 years (by the time I am 55), my family will get 10Cr (over and above my ongoing loans).
If I don't die, I get nothing.
Until then I rely on an insurance plan.
This amount I believe takes care of all current and future needs of my family.
This gives me mental peace, should something happen to me ever!
The first 40% goes into buying stocks of individual companies; split into 25% and 15%.
Shopify
Square
Zoom
Tesla
Indians can invest upto $250,000 every year in international stocks (public + private), which is way more than I will ever have :)
Highly recommended.
My current picks are
ITC
HDFC
Reliance
Spicejet
Indian Hotels
Shree Cement
I am not a big fan of Mutual funds because of the opacity with which they operate.
So I started to use @smallcaseHQ
Think of it like a mix of stocks as per a strategy, where an expert is telling you what to buy/sell
The ones I picked were
Capitalmind Momentum
https://t.co/yvxGWXFvnH
and
Weekend Investing Momentum
https://t.co/vzijXXCDoE
It is where I have lost my most money and made my most money as well.
I would not call myself an angel investor, since I do not have the capital depth to invest in all the good ideas I come across.
I mostly invest in startups through @AngelList
You can follow syndicates on AL, through which you get a deal flow. And most allow you to invest starting $1,000
25% in US tech market leaders - with a 15 year horizon, through @INDmoneyApp
15% in Indian traditional market leaders - with a 15 year horizon, through @zerodhaonline
40% in momentum Indian stocks, through @smallcaseHQ
20% in startups, through @AngelList
I do not have any Fixed Deposits (hate them!)
I haven't invested in any debt funds (frankly, they arent that bad, but I am willing to take on risk)
My only liability is a (BIG) home loan
But that is just me.
This should ideally be the investment strategy for someone in their 20s
30% US Stocks + 40% Indian stocks + 30% Indian Debt (no startups please)
https://t.co/yyvpkvNOv6
It has been converted into an eBook (thank you @shreyashah23)
https://t.co/mRdLJEtn5Y
Mistakes I made with my money.
— Ankur Warikoo (@warikoo) September 25, 2020
A thread...
Take inspiration from others - but eventually build your own.
Oh - almost forgot - the longest word in english language
mutualfundsaresubjecttomarketriskpleasereadtheofferdocumentscarefullybeforeinvesting
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In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.
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