BC INVESTING MONEY
Saved by @Alex1Powell

How I invest my money

A thread...

 Last year when I stepped down as the CEO of nearbuy - I was a classic case of paper wealth with no cash in hand.

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.
I realized the biggest mistakes I had made was investing in largely illiquid assets - startups and real estate. With extremely poor liquidity.

So while I had "wealth" I did not have any income.

The last year I have been working on changing that.
1. Term Insurance
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.
My logic at 30 was that by 55 I should be able to get to the 10Cr mark myself.
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!
Of the disposable income I have (after paying for my bills and needs) I split it into 40:40:20

The first 40% goes into buying stocks of individual companies; split into 25% and 15%.
25% in US stocks - I pick market leaders in emerging tech. So the 4 stocks I have currently are
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 :)
I use @INDmoneyApp for investing - it is incredibly easy to use and helps me track.
Highly recommended.
The remaining 15% goes into Indian company stock. Again, I pick market leaders, but instead of emerging tech I go for established sectors.

My current picks are
ITC
HDFC
Reliance
Spicejet
Indian Hotels
Shree Cement
I use @zerodhaonline for all my stock investing. It is such an incredible product to use and while it is known to suffer from outages, it doesn't affect me since I do not actively trade.
Next 40% of savings rides on experts, who know their stuff :)
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
I follow Momentum investing strategy on smallcase - which rides on stocks that are on an upward momentum.

The ones I picked were
Capitalmind Momentum
https://t.co/yvxGWXFvnH
and
Weekend Investing Momentum
https://t.co/vzijXXCDoE
I invest every month and if there is any surplus generated then as a one-time investment as well.
The last 20% is reserved for startup investing.
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.
So I rarely invest directly in a startup (unless highly recommended or a founder I absolutely loved interacting with)

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
I am yet to see any gain come through AL - this is more of a wild bet on my part.
In summary:
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
PS:
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
My investment strategy is aggressive for a 40 year old with a family of wife, 2 kids and 2 parents.
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)
Here is a thread I wrote on mistakes I made with my money
https://t.co/yyvpkvNOv6

It has been converted into an eBook (thank you @shreyashah23)
https://t.co/mRdLJEtn5Y
PLEASE do not blindly copy this strategy - for that matter anyone's
Take inspiration from others - but eventually build your own.

Oh - almost forgot - the longest word in english language
mutualfundsaresubjecttomarketriskpleasereadtheofferdocumentscarefullybeforeinvesting
Ask me anything on the strategy or guide me further if you have some feedback

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A thread...

Habit 1:
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20s is the decade of self doubt. Where we feel inadequate, incomplete, lost.

The simple habit of smiling at the mirror, makes me drop my emotions in that moment.

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Habit 2:
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A thread...

1.
It is easy to respect people from a distance.
True respect is when you get to know them, and still respect them.

2.
People assume that a verified Twitter profile is someone smart. Ironically, the blue tick says, "this person is EXACTLY who they claim they are"

3.
Your guides, your mentors, your managers are not there to fix your mistakes.
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4.
Not every problem needs to be solved.
Some need to just be heard.
Just be felt.
Just be empathized with.

5.
The only success for a company is when it raises money from customers.
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Congratulating a founder on raising money is like congratulating a chef on buying vegetables.

6.
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7.
When you share your failures openly, you instantly take away all power that the world had over you.

8.
Work becomes most joyous when you are working with a set of people you would want to spend time with, even beyond work.
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Almanack of Naval Ravikant
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Waking Up: Search for spirituality without religion
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Pick up his works!

Psychology of Money
My most awaited book of this year, since the day @morganhousel announced his book.
A must read for all ages, especially those in their 20s.

I predict this to reach levels of "Rich Dad Poor Dad" over the next 10

Courage to be disliked
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Not for the
BOOK
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3. The Power of Your Subconscious Mind

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Gaidinliu belonged to the Rongmei clan of the Zeliangrong tribe in the Tamenglong district of western Manipur. Born on January 26, 1915, she was fifth among eight children.


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