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
More from Ankur Warikoo
10 ways I am running my current startup differently from the ones before
A thread...
Difference #1
Bootstrapped as against raising money
https://t.co/RKWB3KfMZt was a venture funded company. We raised $43Mn from top investors, but I couldn’t give them a return that I would be proud of. In the process, learning how raising money works but also doesn’t work
My current startup is bootstrapped.
I do not intend to raise money for it.
It has been profitable from Day 1 and that is the way I hope it remains.
I have raised money from customers.
Difference #2
Slow and small
For the past decade, I was in the mode of fast and big.
Being fast was the only thing that mattered.
And you either go big or go home.
Today, I am taking it slow.
Slow to add costs, slow to take decisions that are irreversible.
I am patient because all good things in life take time!
A thread...
Difference #1
Bootstrapped as against raising money
https://t.co/RKWB3KfMZt was a venture funded company. We raised $43Mn from top investors, but I couldn’t give them a return that I would be proud of. In the process, learning how raising money works but also doesn’t work
My current startup is bootstrapped.
I do not intend to raise money for it.
It has been profitable from Day 1 and that is the way I hope it remains.
I have raised money from customers.
Difference #2
Slow and small
For the past decade, I was in the mode of fast and big.
Being fast was the only thing that mattered.
And you either go big or go home.
Today, I am taking it slow.
Slow to add costs, slow to take decisions that are irreversible.
I am patient because all good things in life take time!
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THREAD PART 1.
On Sunday 21st June, 14 year old Noah Donohoe left his home to meet his friends at Cave Hill Belfast to study for school. #RememberMyNoah💙
He was on his black Apollo mountain bike, fully dressed, wearing a helmet and carrying a backpack containing his laptop and 2 books with his name on them. He also had his mobile phone with him.
On the 27th of June. Noah's naked body was sadly discovered 950m inside a storm drain, between access points. This storm drain was accessible through an area completely unfamiliar to him, behind houses at Northwood Road. https://t.co/bpz3Rmc0wq
"Noah's body was found by specially trained police officers between two drain access points within a section of the tunnel running under the Translink access road," said Mr McCrisken."
Noah's bike was also found near a house, behind a car, in the same area. It had been there for more than 24 hours before a member of public who lived in the street said she read reports of a missing child and checked the bike and phoned the police.
On Sunday 21st June, 14 year old Noah Donohoe left his home to meet his friends at Cave Hill Belfast to study for school. #RememberMyNoah💙
He was on his black Apollo mountain bike, fully dressed, wearing a helmet and carrying a backpack containing his laptop and 2 books with his name on them. He also had his mobile phone with him.
On the 27th of June. Noah's naked body was sadly discovered 950m inside a storm drain, between access points. This storm drain was accessible through an area completely unfamiliar to him, behind houses at Northwood Road. https://t.co/bpz3Rmc0wq
"Noah's body was found by specially trained police officers between two drain access points within a section of the tunnel running under the Translink access road," said Mr McCrisken."
Noah's bike was also found near a house, behind a car, in the same area. It had been there for more than 24 hours before a member of public who lived in the street said she read reports of a missing child and checked the bike and phoned the police.
1/ Here’s a list of conversational frameworks I’ve picked up that have been helpful.
Please add your own.
2/ The Magic Question: "What would need to be true for you
3/ On evaluating where someone’s head is at regarding a topic they are being wishy-washy about or delaying.
“Gun to the head—what would you decide now?”
“Fast forward 6 months after your sabbatical--how would you decide: what criteria is most important to you?”
4/ Other Q’s re: decisions:
“Putting aside a list of pros/cons, what’s the *one* reason you’re doing this?” “Why is that the most important reason?”
“What’s end-game here?”
“What does success look like in a world where you pick that path?”
5/ When listening, after empathizing, and wanting to help them make their own decisions without imposing your world view:
“What would the best version of yourself do”?
Please add your own.
2/ The Magic Question: "What would need to be true for you
1/\u201cWhat would need to be true for you to\u2026.X\u201d
— Erik Torenberg (@eriktorenberg) December 4, 2018
Why is this the most powerful question you can ask when attempting to reach an agreement with another human being or organization?
A thread, co-written by @deanmbrody: https://t.co/Yo6jHbSit9
3/ On evaluating where someone’s head is at regarding a topic they are being wishy-washy about or delaying.
“Gun to the head—what would you decide now?”
“Fast forward 6 months after your sabbatical--how would you decide: what criteria is most important to you?”
4/ Other Q’s re: decisions:
“Putting aside a list of pros/cons, what’s the *one* reason you’re doing this?” “Why is that the most important reason?”
“What’s end-game here?”
“What does success look like in a world where you pick that path?”
5/ When listening, after empathizing, and wanting to help them make their own decisions without imposing your world view:
“What would the best version of yourself do”?
