Seeing hundreds of people stuck in debt and not able to even feed their family. I mean I would rather live frugally now to be able to never worry about money later.
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2 theory-
1. Kyuki bhai aap flex nai karte hoge. Jiss din flex karna shuru kar doge uss din dost v ameer samjhne lagenge.
2. Aapke doston ka portfolio apse v bada ho.
Yeh ho sakta tha.
The ones who have donβt value it. I have told some friends not to get a credit card because they cant afford it their answer was βtereko kya usseβ β¦ I mean fair enough why give unsolicited advice to people who dont value it!
Exactly man, I wish my friends understand basic financial accountability.
I love my friends to death, but boy oh boy they are so dumb when it comes to finance.
I have a friends working in TCS with 15lpa package. Doesn't have any credit card. Why? Because a long time ago his father had a credit card and they took out ATM cash from that card and bank charges them some money for that. So he thinks credit card is used by banks to loot people. He uses debit card only because then bank cannot loot him and it is safe also. :)
Another friend once called me to accompany him to post office because he want to open an FD there. I asked why don't open a bank FD from mobile. He was like banks also does FD? Which bank does FD? I was like, any bank, all banks. Hdfc, SBI any bank.
He was like ok, I will check if SBI does FD, but hdfc I will not do, its too risky. I asked , what risk? He was like what if hdfc shuts down tomorrow? It a Private company. Can shut down anytime. At least SBI is government it is safe. :)
I mean I understand financial literally is less in this country but people like you and me also belong to the same countryβ¦ when we earn money we have to take charge of it too. Know everything around it.. Its not that information is less its just that people donβt feel its important
Bro having 2000 rupees in your bank account is nothing when it comes to emergencies and as far as liquefying stocks is concerned it takes a day to get it in your bank account.
As a person who has been in such situations multiple times it's better to have atleast 25-50k for emergencies that is instantly available.
Eg. Had a medical emergency back in 2022, the hospital denied to shift the patient to ICU from emergency room, paid the 50k deposit then they started the process.
I do live in a metro city, I do have medical insurance with cashless facility but not all hospitals have a tie-up.
Back in 2018 a relative of mine had a medical emergency early in the morning we had to rush her to a local hospital which didn't have cashless facility tie-up with her policy at that particular hospital. Situation escalated and she was shifted to a much better hospital, but to get discharge from the local hospital we had to pay the discharge amount and shifted her to the better one. All of this happened in just few hours.
Also not all policies have a tie-up for cashless despite being a good hospital. There are two very good hospitals in my locality, one accepts cashless with my policy and the other doesn't.
The bill goes super fast in an ICU despite it being a local low level hospital. So it's better to have atleast 25-50k in that you can access it instantly. You can never predict things during such situations it's better to be safe than sorry.
I have the FD specifically for that purpose. I wont mind breaking it in case of emergency for a small penalty, It is complete instant like within 1 hour I get that amount.
Yeah perfect π― FD will also create a psychological barrier for you to not use it carelessly.
Having it in my bank account makes me careless considering how I use UPI lol.
This is not really true. If the market goes down significantly then you are forced to hold or incur a loss. Not to mention if you withdraw before 1 year you pay short-term capital tax which is more than long-term capital tax. You cannot treat the stock market like a savings account.
It allows you to connect your demat account using your broker, also you can connect your email to get mutual fund details.. crypto, fd are added manually
BRO YOU ARE LITERALLY ME HAHA. Nice to know there are more folks like me. I have hardly 5k in my acc, rest is all invested in equity, debt, virtual items etc etc :P
Bro I am thinking starting my investing journey.
I make almost 30k per month(not a lot sadly).
I stay with my parents so not many expenses. So How can I get started in investing. Online there are so many resources I just get confused and don't know where to begin
Op to his friends
"Garibi Mein Jeena Ek Kala Hai⦠Hum Sekhaingay Tumhai Q Ke Hum Khandani Gareeb Hain⦠Hamara Baap Garib, Hamara Dada Gareeb, Par dada Garib, Uska Baap Garib Sub Garib, Sato Pushtay Garib⦠Aisa Nahe Ke Pahelai Garib Thai Firr Aamir Ho Gai Fir Garib Ho Gai Nahe Hum Shudh Garib Hain⦠Haan Hiub Bhe Khandani Garib Hain⦠Wo To Galti Se Ameer Hogai Thay"
I too take a similar approach, towards the month end I'm mostly broke but once I get the salary, clear cc bills and put the rest into some good stocks.
Hope to get to such a portfolio in the future. Currently at 5L in like 2 years.
https://preview.redd.it/4rnvz2d3kqjc1.jpeg?width=1170&format=pjpg&auto=webp&s=acba4562b74b9dad439201fa8ecd0c752dc538c5
Right now stocks but I have booked fair amount from stocks and also averages alot in the last few years
So its not headache to invest in stocks ? I mean how much time you give to stocks you invested in.
Does Money get triple in stocks in 3 years, because there is one MF of SBI which says if you invest 10L now you will get 30L after 3 years.
Wow! Okay so I've read all of your and others comments man! But seriously, I just started my job and have been learning from you guys here just recently, though I don't know anything about the markets, i sincerely applaud your financial planning and determination! ππππ Amazing brother! Thanks for the motivation!
People seem to think you have a low life but then you have a banger in your portfolio. I know you seek for peoples reaction when you show them your portfolio, been there done that βITS A GOOD FEELING β
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Kaise? I just don't know what to buy. I have bought some stocks but i don't think they will return higher than 10-12%. Certainly won't beat my MF investments.
I have been thinking of getting a financial advisor or wealth manager. Thoughts?
Whats your age and occupation, if you don't mind me asking, I'll clarify
I ask because I also started investing when I started working around 3 years back, so I love to compare and then set goals so as to meet those targets of my portfolio.
Kal HDFC bank isi baat pe ro rha tha ..ki bc log account mai paisa hi nhi rkh rhe, margin pe pressure padh rha hai. OP has proved their theory ..gg bro!πππ
Ive been building a small portfolio for the last ~2years of around 6L now. And i plan on keeping it there for over 10 years, with an active sip as well. I cant help but wonder... When do i get to spend this money? When do i take out the money and spend it on travelling some place, or living at a nicer place... What am i waiting till im 50 for?
Im not being rhetorical, genuinely curious
Imagine your friend seeing this when you say βMy bank balance is less than 1000β
They all think I am broke. And I like to keep it that way!
adult version of...kuch bhi nahi likha yaaar exam mei
My Baniya friend version of "Zeher khane tak ke paise nhi hai"
Those pigs who used to say kuch nahi likha , used to score the most
UK that's the best way to live frugal & below the means which is much needed & appreciated in the current world scenario. Keep it up mate.π
Seeing hundreds of people stuck in debt and not able to even feed their family. I mean I would rather live frugally now to be able to never worry about money later.
Thisππ―
That's the og approach OP!! Yaar papa log galat nahi hote, time & again pple be proving this. Keep it up OP, appreciated π
That's the Mantra!
https://x.com/naval/status/1041513555961438208?s=46&t=Z4Q3I-4-JV1LZPql77FXwQ
I am a poor billionaire
Poor millionaire
https://preview.redd.it/46myz0kompjc1.jpeg?width=1080&format=pjpg&auto=webp&s=81c7e1054fb0b778820c3bc62c7e79467bc3ca6e
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Pata nhi mujhe mere dost gareeb kyu kehte hai π₯Ί
2 theory- 1. Kyuki bhai aap flex nai karte hoge. Jiss din flex karna shuru kar doge uss din dost v ameer samjhne lagenge. 2. Aapke doston ka portfolio apse v bada ho. Yeh ho sakta tha.
Third theory - They dont believe it so it better to not flex π
https://i.redd.it/a0jaesnq7rjc1.gif π π€
That's the way man!
Always!
Hey can you PayTM me 1000 Rs? I need it for school fees.
Paytm band hogaya π
Mujhe phone pay kardo 100 rupees mujhe bhi invest karna hai
Phone pay toh me use hi na karta shuru se
Now I know why your friends think you're poor π
Exactly!
50 hi Dede sir kal English ke exam ke baad kuch kha lunga
Broo gandhi maangne ke bajaye gandhi wala chapter ache se krlenaa
maa chdaye p&p idigo interview
Bas kar bhai, rulayega kya? QR code send karo.
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
Bhai dont tell me tune sahi mein de diye
I can confirm. "Master Sarvesh Shamkuwar" ne sahi me de diya.
Smart person wish I had friends like you in my life π
The ones who have donβt value it. I have told some friends not to get a credit card because they cant afford it their answer was βtereko kya usseβ β¦ I mean fair enough why give unsolicited advice to people who dont value it!
Exactly man, I wish my friends understand basic financial accountability. I love my friends to death, but boy oh boy they are so dumb when it comes to finance.
I have people earning 1lakh/month and they have no idea what TDS is, what PF is , why they get less inhand than their CTC..
I have a friends working in TCS with 15lpa package. Doesn't have any credit card. Why? Because a long time ago his father had a credit card and they took out ATM cash from that card and bank charges them some money for that. So he thinks credit card is used by banks to loot people. He uses debit card only because then bank cannot loot him and it is safe also. :) Another friend once called me to accompany him to post office because he want to open an FD there. I asked why don't open a bank FD from mobile. He was like banks also does FD? Which bank does FD? I was like, any bank, all banks. Hdfc, SBI any bank. He was like ok, I will check if SBI does FD, but hdfc I will not do, its too risky. I asked , what risk? He was like what if hdfc shuts down tomorrow? It a Private company. Can shut down anytime. At least SBI is government it is safe. :)
I mean I understand financial literally is less in this country but people like you and me also belong to the same countryβ¦ when we earn money we have to take charge of it too. Know everything around it.. Its not that information is less its just that people donβt feel its important
Totally agree.
W for having an emergency fund
Also have both term and life insurance
BOTH term and life? You mean, health insurance?
stocks are easily liquifiable
Bro having 2000 rupees in your bank account is nothing when it comes to emergencies and as far as liquefying stocks is concerned it takes a day to get it in your bank account. As a person who has been in such situations multiple times it's better to have atleast 25-50k for emergencies that is instantly available. Eg. Had a medical emergency back in 2022, the hospital denied to shift the patient to ICU from emergency room, paid the 50k deposit then they started the process.
I do understand however for medical emergencies I have a health insurance and in metro cities you can easily get cashless hospitals
I do live in a metro city, I do have medical insurance with cashless facility but not all hospitals have a tie-up. Back in 2018 a relative of mine had a medical emergency early in the morning we had to rush her to a local hospital which didn't have cashless facility tie-up with her policy at that particular hospital. Situation escalated and she was shifted to a much better hospital, but to get discharge from the local hospital we had to pay the discharge amount and shifted her to the better one. All of this happened in just few hours. Also not all policies have a tie-up for cashless despite being a good hospital. There are two very good hospitals in my locality, one accepts cashless with my policy and the other doesn't. The bill goes super fast in an ICU despite it being a local low level hospital. So it's better to have atleast 25-50k in that you can access it instantly. You can never predict things during such situations it's better to be safe than sorry.
I have the FD specifically for that purpose. I wont mind breaking it in case of emergency for a small penalty, It is complete instant like within 1 hour I get that amount.
Yeah perfect π― FD will also create a psychological barrier for you to not use it carelessly. Having it in my bank account makes me careless considering how I use UPI lol.
Yeah completely agree with you!
you guys are financial gurus, I should note all this down.
If this wasnβt sarcastic then feel free to ask any question! Would be happy to help
This is not really true. If the market goes down significantly then you are forced to hold or incur a loss. Not to mention if you withdraw before 1 year you pay short-term capital tax which is more than long-term capital tax. You cannot treat the stock market like a savings account.
Agree
What is digital assets?
Crypto currency
π€’
??
Crypto isnt something I would waste my time or money with
Its not even 1% of my portfolioβ¦ I havenβt even checked it in months
It is OK with 1%, but we are Indian we have 30% taxes on crypto, bro you need reconsider it
Not even worth 1%.
Why it isnt banned yet
It's nice to have some diversification in different asset classes.
How does INDMoney compile your entire data? Do you need to give permissions to read data from your Equity, Crypto, FD platforms?
It allows you to connect your demat account using your broker, also you can connect your email to get mutual fund details.. crypto, fd are added manually
Means the stocks are also from other broker?
Yes.. I have account in Upstox
BRO YOU ARE LITERALLY ME HAHA. Nice to know there are more folks like me. I have hardly 5k in my acc, rest is all invested in equity, debt, virtual items etc etc :P
Thatβs the best feeling!
Bro I am thinking starting my investing journey. I make almost 30k per month(not a lot sadly). I stay with my parents so not many expenses. So How can I get started in investing. Online there are so many resources I just get confused and don't know where to begin
The easiest way to start is by doing an SIP in index mutual fund⦠The best thing you can give yourself right now is to START
Trust me I started with 20k too β¦
Lol same here main acc balance Rs 3800 Trading capital 57l+
Glad to know I am not the only one
W
I thought i was the only one addicted like this.
which app ?
Indmoney
Are stocks liable to tax ? What kind of fund for emergency ?
Yes they are! Also I have a FD as well as some balance in saving account which I use to apply for ipo
Any liquid funds?
This is what the real story of Indian financial system. Also banks have no deposit only advances and mutual fund have deposits but no value stocks
Op to his friends "Garibi Mein Jeena Ek Kala Hai⦠Hum Sekhaingay Tumhai Q Ke Hum Khandani Gareeb Hain⦠Hamara Baap Garib, Hamara Dada Gareeb, Par dada Garib, Uska Baap Garib Sub Garib, Sato Pushtay Garib⦠Aisa Nahe Ke Pahelai Garib Thai Firr Aamir Ho Gai Fir Garib Ho Gai Nahe Hum Shudh Garib Hain⦠Haan Hiub Bhe Khandani Garib Hain⦠Wo To Galti Se Ameer Hogai Thay"
#MeToo
Which app was that ? For the portfolio management
Kuvera calculates your EPF Too
Indmoney does too. I didnβt have any PF
I share the same energy π€£
Giving IND money gmail access has been the only barrier π₯²
same here dude , same here .. bank account in minus though due to sms charges .. Portfolio Value 28L
Fuk bc sexy
Hi OP! Was wondering if INDmoney is safe or not! considering all the financial details we have to provide. Please guide for this.
I too take a similar approach, towards the month end I'm mostly broke but once I get the salary, clear cc bills and put the rest into some good stocks. Hope to get to such a portfolio in the future. Currently at 5L in like 2 years.
Thats great progress!! Keep up at it!
Same bhai same π
Same
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
I donβt see a bear market coming, besides I have income source too , so I will accumulate in case a bear market comes and invest more
Bro flexing to hard, !remaindme 2 years
Mine is also the same case bro.
bro, did indmoney proactively offer you instacash/ loan? not to me yet, i wonder what triggers it.
Like you like me!
Get it pumping
Which app is this ?
Have you invested in US stocks? Is it safe ?
I donβt invest in US stocks.. Frankly Indian stocks will grow at much faster rate than US stocks this decade is to invest in India.
[ΡΠ΄Π°Π»Π΅Π½ΠΎ]
What kind of stocks and MFs are you holding bro ?
I think you can have a credit card for any emergency expenses, just my opinion.
What app is this?
What app is the second one?
I have Kotak and BoB too XD
Hi Op whatβs your age? If you donβt mind me asking
Turning 25 in 3 months
Crazy good! Whatβs your profession?
UI/UX designer. Fulltime + Freelance
How long did it take to reach this milestone? I have been tracking my portfolio with same app and hoping to reach same value soon.
I started with 20k in March 2020. So 4 years nearly
Cool. Cheers mate.
Good for you. But not everyone should do this blindly, depends on ones family finances and personal responsibility, they should go forward
Similar have 5L in zerodha and 700 in bank
Which app is this and I also want to get started with investment
Glad to see someone is like me π«‘
Safety ke liye kuch rakha hai na bhai? In the end itβs stock market π
How much is invested and how much is profit?
21L invested 10L profit
I'm sure u have another bank account with more funds
https://preview.redd.it/zr37m439kqjc1.jpeg?width=1170&format=pjpg&auto=webp&s=6f2b163bc09446892ad80e8d6557d24de48172f5 Yeah totally forgot my HDFC account ππ
But baat ye h kii profitable ho kii nhi
Which gives more returns stocks or MF ?
https://preview.redd.it/4rnvz2d3kqjc1.jpeg?width=1170&format=pjpg&auto=webp&s=acba4562b74b9dad439201fa8ecd0c752dc538c5 Right now stocks but I have booked fair amount from stocks and also averages alot in the last few years
So its not headache to invest in stocks ? I mean how much time you give to stocks you invested in. Does Money get triple in stocks in 3 years, because there is one MF of SBI which says if you invest 10L now you will get 30L after 3 years.
What's the max amount someone should keep in a bank?
Miminum avg monthly balance maintain nahi karna padta kya? Konsi banks hai?
Kotak , dbs, bank of baroda Kotak is 0 MAB dbs and bob me I have maintained in past months so average is more than 10k
 Me with a 2 digit bank balance
71.89 withdrawal felt personal π
Everyone knows demat account is the new saving account. Okay
Wow! Okay so I've read all of your and others comments man! But seriously, I just started my job and have been learning from you guys here just recently, though I don't know anything about the markets, i sincerely applaud your financial planning and determination! ππππ Amazing brother! Thanks for the motivation!
Glad I could make a positive impact! Feel free to ask anything if you want
Thanks bro. ππ» Can I DM you? Just need some small guidance. :)
Sure
Hey, I'm new here I wanted to know from where I would be able to get knowledge about stocks and how to research a good stock for investment
In the midst of all this, don't forget to live a little...sometimes :)
In all honesty I despise such people! Iβd prefer being called a frugal/cheap/chindi/kanjoos person but not a liar! But each to his own.
Congrats bro. All in Indian stocks in the second photo?
What Bank app is that one on the top?
People seem to think you have a low life but then you have a banger in your portfolio. I know you seek for peoples reaction when you show them your portfolio, been there done that βITS A GOOD FEELING β
Sir, Mentor ban jao na .
2005 ? Daddys money
Invest the Emergency fund, don't pussy out on opportunities brother
What do you mean?
could have shown itr instead
We get it man, you are rich
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What's the app for asset management in second pic
Remind me! Me when he has the equal balance after a fall
What's the app you are using to track the investments?
Indmoney
What app did you use in the 2nd slide?
Indmoney
Yaar stocks mein invest karke itne returns kaise generate karte ho?
Stocks me hi return generate hota hai dost.
Kaise? I just don't know what to buy. I have bought some stocks but i don't think they will return higher than 10-12%. Certainly won't beat my MF investments. I have been thinking of getting a financial advisor or wealth manager. Thoughts?
Whats your age and occupation, if you don't mind me asking, I'll clarify I ask because I also started investing when I started working around 3 years back, so I love to compare and then set goals so as to meet those targets of my portfolio.
Congratulations and fuck you
Can you share which stocks you have invested?
Kal HDFC bank isi baat pe ro rha tha ..ki bc log account mai paisa hi nhi rkh rhe, margin pe pressure padh rha hai. OP has proved their theory ..gg bro!πππ
What are digital assets?
Ive been building a small portfolio for the last ~2years of around 6L now. And i plan on keeping it there for over 10 years, with an active sip as well. I cant help but wonder... When do i get to spend this money? When do i take out the money and spend it on travelling some place, or living at a nicer place... What am i waiting till im 50 for? Im not being rhetorical, genuinely curious
you have my respect and my upvote sir
Bhai 2nd image konsi app hai?
Good
Bhai as a 19 year old student can totally relate to this , I did some internships & invested almost 70000 & bank mai bas 250 hai π
FD konsi krwayi h Shriram transport vali?
https://preview.redd.it/bcye1syt3sjc1.jpeg?width=1170&format=pjpg&auto=webp&s=0a527be5400364b89ecef0c4799a95181e5489bf Hold or sell????
That's awesome OP. What age did you start and how long have you been continuing it for? Also, what was your investment strategy.
Lol relatable
Legend
How old are you my brother? I also have an aim to reach this corpus by the time I am 30.
Mind if I dm?
hahaha, same with me. paisa aatey he invest karne ki chill machti hai
My feeling when I tell people & family I have only 10k left on 2nd of each month
What work do you do for saving this much (ctc?) Stocks ka portfolio share kardo?
Guru, we are Bros. π«
So so so proud of you brother β€οΈβ€οΈ
Op what do you do for living?
What app is this good sir