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Financial Tips I follow- India

Some tips I follow to manage my personal finance in India (Tweet Thread)

If someone suggest insurance+ investment combo opportunity …RUN:
NEVER EVER mix insurance and investments. It makes no financial sense. So many of us are stuck paying premiums for junk polices like Jeevan Anand, just because our neighbourhood uncle convinced our parents that it is a good deal.
Should we start a “Jeevan Anand Peedit Sammelan”

Remember Benchmark:
Whenever someone talks about “great returns” always benchmark it against its peer. Eg in last one NIFTY 50 gave 42% returns. Almost everything did well post the covid market crash. I am pretty sure some agents are trying to sell you policies quoting an awesome 20% return last year . Ideally ignore the last year anyways

Nifty 50 growing 50% in last 12 months


Fee only financial planners ONLY .
Avoid your bank’s wealth managers at all costs. The incentive of anyone who makes money via your investing is not aligned. More often than not they would try and sell you what gets them maximum commission rather than be beneficial to you.

Direct mutual funds only: There is no real advantage of giving commission to the brokerage. Direct mutual funds not only give better returns, they are now super accessible. Just go open an account with Zerodha (referral link) and start investing there. I liquidated all my MF holdings after they crossed the threshold of exit load and moved to Zerodha

No point buying an apartment:
I personally see no point plonking in a huge sum of money into an apartment, especially in places like Bangalore.
– The rise in real estate is more or less correlated with stock market growth
– Rental yield is just 2-3%.
– The houses you want to stay would not have the same EMI as rent ( as some ppl claim). You just end up paying “Rent” to the banks, and its super expensive and you are locked in
– There is also cost of non mobility

The only reason to buy a house is emotional which obviously cannot be priced in. If owning a house helps you feel good and has a positive effect on your self image, thats your call. To me at the moment it makes no sense. I may eventually buy when I have enough spare.

Book I recommend

Lets Talk money by Monika Halan

More Book recommendations

Also see: My US stock investment ( I invest from India)

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Product Management

My US stock Investments [Updated July 29 2021]

I sometimes share my holdings in US stocks on twitter.

Before you ask: I use Vested to invest in US stocks from India (my referral ink)

It’s a fun exercise, and people’s comments help me learn as well. I am also a strong believer in putting your money where your mouth is, hence when I say I like company X, it carries more conviction if I actually hold that stock.

This is obviously NOT an investment advice of any sort. It’s just be tracking how my personal portfolio evolves over time. There will probably be NO financial estimates

This also does not include my Employee Stock options from Google and Microsoft( haven’t sold a single share in MSFT ever). This is only my Vested holding


July 29 2021

US stock holdings
  • Palantir remains a big bet as before. I think with China US tensions escalating, Palantir has a chance of becoming an even more important company
  • Moderna growth is primarily due to growth in stock value itself. Bought it as soon as they had vaccinations available. MRNA is a watershed moment in vaccine development and it was an almost mindless decision to double down on the pioneer.
  • Twitter as usual remains an all time favorite . I think they are extremely undervalued, but seem to have recently been shipping at incredible pace. It’s a pure and pure product company, something I hope i=I understand :), and I like what I see. (Twitter as identity and social capital management)
  • Sold most of Snapchat after stellar earnings. Will enter again
  • Sold a lot of clover to take money off table during short-squeeze, entered again when price dropped. Will hold long now
  • My cash holdings are down to <2% primarily because I did some short term investments when the market went significantly down
  • Small wild bets:
    • Didi , because why not.
    • Still hold a bit of AMC
  • Plan: More cash holding . Target ~15%

June 11 2021

US stock holdings
  • Biggest change: CASH : <1% –>17%
  • Clover got short squeezed , so YAAY
  • Uber FTW as always
  • Palantir , Moderna, Twitter conviction still stands
  • Added Snapchat

Feb 26 2021

US stock holdings
  • Doubled down on Twitter and is now my BIGGEST holding
  • Doubled down on Palantir, its becoming an extremely important company
  • Exited most of Apple. It feels like it may be a while before M1 sales show up. I also have Mutual funds in india that invest in Apple so may not need such a significant bet. Not to mention, despite great results the stocks didnt show any excitement. I obviously don’t understand stock market.
  • More clover added. It looks like a sound company

Jan 25 2021

US stock holdings
  • Reduced my stake in Tesla, I wanted to book some profits. I had opened US stock account primarily because I wanted to buy Tesla stocks 🙂 , that was a good decision in hindsight and paid off handsomely
  • Sold most of Uber to book some profits at 42 (should have held on, but I had bought a bunch at 16, 30, 38 )
  • Added Moderna. It’s an almost mindless investment. Not just because of covid vaccines but because MRNA is possibly the future of vaccination. It’s like buying amazon of future. Thats how vaccines would be designed
  • I am hoping Apple earnings would surprise everyone 🙂 . Their new processor is a game changer
  • Risky bet: Clover health. In Chamath we trust..sometimes 🙂

June 30 2020

Thus was my holding last year when I started posting .

Largest holding first

US stock holdings
  • Norwegian cruise line was a wild bet primarily because it seemed like the most stable cruiseline with deep pockets. Big pandemic recovery bet 🙂
  • Slack and Tesla, favorite since long
  • Entered Twitter
  • Uber stocks still held in morganstanley employee account. not sold a single share

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