This post has been in the cold storage for a while now. This isn’t a blogpost in the strictest sense but rather my incoherent thoughts on the subject of advice. I intend to keep this as a live post and keep updating it as and when I think there’s some new thought worth sharing. Being…… Continue reading All the financial advice in the world
When you fish in filthy waters, you get filthy fish
There’s nothing new in what I am about to write. Countless people have written about this in past. In fact, you can find 100s of such posts in the archives of Moneylife. Somebody sent this tweet to me the other day. This person seems to have invested in 3 scammy stocks which were your run…… Continue reading When you fish in filthy waters, you get filthy fish
The 7 best mutual funds you should definitely invest in 2020
If you clicked on the link to actually get mutual fund recommendations then you are an idiot. Like a big one, like a world-class idiot. Now to the matter at hand. ‘Tis the season to be jolly and ’tis also the season for financial wankery. All the so-called “advisors”, “experts”, “analysts”, brokers, mutual fund platforms,…… Continue reading The 7 best mutual funds you should definitely invest in 2020
What fund managers said and what they meant
We are all suckers for good stories and narratives. As Noble Laureate Robert Shiller writes in his book, narratives shape our world. But narratives are more than mental shortcuts for the real world – they increasingly are the real world. One of the most common and dangerous narratives in the world of investing is that…… Continue reading What fund managers said and what they meant
Everything is free or almost free. The great cost compression in financial services
Before you start reading the post, just a small background. Recently, several large stockbrokers in the United States such as Schwab, TD Ameritrade, and Fidelity went free. This was interesting for a whole lot of reasons I’ve outlined in the post. Thinking about what’s going on in the US and comparing it with India was…… Continue reading Everything is free or almost free. The great cost compression in financial services
I’m full of biases and you’re full of shit
We have a peculiar problem in the world right now. Ever since Daniel Kahneman, Amos Tversky, and Richard Thaler proved that we humans are flawed and full of biases, every other idiot has taken to pointing them out. Off late, I cannot go two scrolls on twitter without some fucking moron using terms like “recency…… Continue reading I’m full of biases and you’re full of shit
Edelweiss PSU debt ETF to use a target maturity structure
UpdatesThe cabinet has approved the launch of the Bharat Bond ETFUnit size: Rs 1000 for the ETF. NAV of the FOF will be Rs. 10 during the NFO period but Edelweiss has yet announce the minimums. Expense ratio: 0.0005 percent NFO Date: 12th December to 20th December The NFO of the Bharat Bond ETF (PSU…… Continue reading Edelweiss PSU debt ETF to use a target maturity structure
Update: Indian mutual fund platforms are in trouble
Last month I wrote a post on the brewing trouble with Indian mutual fund platforms after the FundsIndia debacle. The post surprisingly evoked some strong sentiments. I had said that there would be a shakeout among the mutual fund platforms and looks like it has begun. Upwardly, a regular mutual fund platform with about Rs.110.7…… Continue reading Update: Indian mutual fund platforms are in trouble
What does retirement mean to you?
Here’s an interesting and thought-provoking perspective. https://twitter.com/behaviorgap/status/1156657561694691328?s=20
So you want to invest for the long term?
Bridgewater recently published some research on how geographical diversification can save our asses. The research is really detailed and has some amazing data points. 2008 was the biggest crash of our generation. But little did I know, that there were far bigger crashes that made 2008 look like a kiddie party. Geographic Diversification Can Be…… Continue reading So you want to invest for the long term?