Vivek Agarwall

Small town boy looking to make it big

[Vivek Agarwall @agarwall_vivek]

@StockGoel vs joint prob (multiplicative), will conditonal prob b better....as the multiple legs r seldom independent....they are more or less conditional

[CA Manish Goel @StockGoel]

The Conjunction Fallacy: Tversky & Kahneman's 1983 'Linda Problem' — Why Indian Investors Believe Elaborate Multi-Leg Bull Theses Are More Probable Than Simple Ones

[Vivek Agarwall @agarwall_vivek]

@InvestWithJoshi Curious why apl apollo itself cudnt fund its dealers...its borrowing cost was yet cheaper...

[Vivek Agarwall @agarwall_vivek]

@SakshamBherani Perhaps hdfc merger has led to this growth..else the growth might be lagging icici...pl check base of 5 yrs back

[Vivek Agarwall @agarwall_vivek]

@mid_day The more things change the more they stay the same

[Vivek Agarwall @agarwall_vivek]

@ActusDei Its not a virtue...we will suffer time correction...end of day we wont make money

[Vivek Agarwall @agarwall_vivek]

@ActusDei @VedantVichare99 How can it be ltcg after 12 m....is there a special dispensation for sifs?

[Vivek Agarwall @agarwall_vivek]

@vsvicky_ Any reason why cumi didnt buy out wendt?

[Vivek Agarwall @agarwall_vivek]

@FinRight @ActusDei But does it not go into suspense acc after 7 yrs...and getting back from there is a tall ask

[Vivek Agarwall @agarwall_vivek]

Beyond words!! Someone has to bear responsibility for this gross mishandling

[MANISH PANDEY @ManishPandeyLKW]

Keeping in mind the rising fuel costs in the country, I bought an MG Windsor EV a few months ago. I genuinely believed I was making a smart decision. Unfortunately, what followed has been one of the worst ownership experiences of my life.
About a month ago, while returning from my son's school, a speeding Mahindra Thar rammed into my car from behind. My vehicle was moving at barely 30–35 km/h when the impact pushed it into an Innova ahead. The rear section of the car suffered significant damage.
The very same day, I handed the vehicle over to MG's service center for repairs.

From that point onward, for weeks, I kept making the same phone call:
"When will my car be ready ?"
Every time, I received a different excuse.

Last Saturday , I was informed that the repair work had been completed and only the insurance company's delivery order was pending. I was assured that the order would arrive on Monday and the car would be handed over immediately.
Monday came and went.

By afternoon, having heard nothing, I decided to visit the workshop myself.
And that's when the real story began.
The service advisor responsible for my vehicle didn't even know where the car was parked. After searching across three floors, we finally discovered it in the basement.
What I saw there left me speechless.
The car was in worse condition than it had been immediately after the accident.

At that moment, I realized that my biggest mistake wasn't the accident it was buying an MG. In the last 20 years, I have owned vehicles from almost every major automobile manufacturer. I've dealt with repairs, insurance claims, and service centers countless times. But I have never experienced such disorganization, negligence , and lack of accountability from any company.
Keeping a customer's vehicle for nearly a month, providing misleading updates, and then not even knowing where the car is parked is not poor service it's complete disrespect for the customer's time , trust, and money.

As I was leaving the workshop, I told the advisor "Brother, sell this car for whatever you can get even if I have to take a loss of a few lakhs. I don't have the courage to bring it home anymore. If I ever have to come back to this workshop again, I might genuinely lose my mind."

People may debate how good or bad the MG Windsor EV is as a product.
But as far as MG's after-sales service is concerned, my verdict is final.
This has been, without a doubt, the worst customer service experience I have ever had with any automobile company.

If you're considering buying an MG vehicle, don't just visit the showroom. Spend some time at their service center first. The difference between the two may help you make a much better decision.

@MGMotorIn
@MGSupportIndia

[Vivek Agarwall @agarwall_vivek]

@ritujoon2j Its a nut case ;)

[Vivek Agarwall @agarwall_vivek]

@moneyworks4u_fa Perhaps we need to check correct benchmark fund follows and not common benchmark we have

[Vivek Agarwall @agarwall_vivek]

@KobeissiLetter Guess they r not reqding each other's conditions...just giving their own...whosoever blinks first

[Vivek Agarwall @agarwall_vivek]

@StableInvestor @dhirendra_vr Profit share in any form is questionable...specially when u hv an alternative in mfs...

And when u do it above some absolute number, its criminal...i mean u sud atleast hv a suitable benchmark to beat first

[Vivek Agarwall @agarwall_vivek]

@mihir_patki @sumedhbhagwat96 Profit sharing per se is an issue...

[Vivek Agarwall @agarwall_vivek]

@ActusDei we @DVIAdrishti have therefore used ria style fees even in our pms as ria and pms are just modes of execution...and kept fee at 0.5%.

[Vivek Agarwall @agarwall_vivek]

@uptickr Also any profitshare has to be on profits beyond a suitable benchmark n not any absolute fig...else u hv to share profits even if no alpha.

we @DVIAdrishti have therefore used ria style fees even in our pms as ria and pms are just modes of execution...and kept fee at 0.5%.

[Vivek Agarwall @agarwall_vivek]

@dhirendra_vr @sandeepjethwani Also any profitshare has to be on profits beyond a suitable benchmark n not any absolute fig...else u hv to share profits even if no alpha.

we @DVIAdrishti have therefore used ria style fees even in our pms as ria and pms are just modes of execution...and kept fee at 0.5%.

[Vivek Agarwall @agarwall_vivek]

@hsinha1445 Also any profitshare has to be on profits beyond a suitable benchmark n not any absolute fig...else u hv to share profits even if no alpha.

we @DVIAdrishti have therefore used ria style fees even in our pms as ria and pms are just modes of execution...and kept fee at 0.5%.

[Vivek Agarwall @agarwall_vivek]

Absolutely agree and something yhat we @DVIAdrishti practice as part of our investment philosophy

[abhishek @abhishec_s]

Is there "clarity" today?

Markets up 3.5%.

A few days ago the question was: "Why not wait for clarity?"

Is there clarity today? What changed? If POTUS becomes best friends with the Supreme Leader next week and markets are up another 10%, will you invest then? Post 14% rally? With clarity?

And if you do invest then and the conflict flares up again in two weeks?

There is no clarity. There never is.

If you are well diversified, running proper asset allocation or doing long term systematic investing, a 15% or even 30% move is not a crisis. It is the price of admission. You should expect it.

But many investors save 5% to 10% of their portfolio each year, or come into some money, or find their asset allocation has drifted for whatever reason. They face the question of when to deploy. For long term investments, good entry odds are all we can ensure. We shouldn't be too cute about it.

When odds are favorable, increase your bet. If they become more favorable, increase more. Don't think in binary terms. Don't ask "should I go from 60% to 80%?" Can you go to 62% then can you go to 68%? 75%? Gradually. Continuously. Without waiting for a clarity that will never arrive.

The only approach that reliably beats this is a systematic, rule based, pre committed allocation. And that works precisely because it removes you from the decision.

[Vivek Agarwall @agarwall_vivek]

@jitenkparmar Tax saving happens if stcl is booked n set off vs stcg..else as u pointed out, its tax deferral.

If u include transaction charges such as stt, brokerage etc it is all the less lucrative unless 25% stcl is there in the position being harvested.

And then you loose the decay