Sankrit Iyer

Airline Captain | Entrepreneur | Aspiring to be more Human

[Sankrit Iyer @sankrit90]

@ravihanda @1shankarsharma @morganhousel Over the short term, the “average Joe” will not beat the market. The messaging from Mr. Sharma should have been insistent on staying invested for the long term rather than not participating at all. Completely disagree with him there. 2/2

[Sankrit Iyer @sankrit90]

@ravihanda @1shankarsharma @morganhousel The point was that somebody without prior training can beat a professional only in this field. Also, retail has been incredibly smart and far from the “dumb money” globally for a long time now. They deserve credit where due. 1/2

[Sankrit Iyer @sankrit90]

@narayananh Hands down!

https://t.co/oGiFuy1grh

[Sankrit Iyer @sankrit90]

@ku1deep Indian brands will emerge as winners as well, but not at the cost of Uniqlo. I think the entire pool will keep getting bigger as India’s consumption unfolds.

[Sankrit Iyer @sankrit90]

@ku1deep I think Uniqlo is a long term winner not because of garment manufacturing competence but because of their execution horsepower. To sell at scale, without friction (like their magic billing & returns) is why they blow most brands out of the water globally. 1/2

[Sankrit Iyer @sankrit90]

@TIAG747 @nakulvk Look at the PAX below the right wing tip. I suspect the PAX heading to Bali are going there for a very different type of pilgrimage! 😅

[Sankrit Iyer @sankrit90]

@srijanshetty @championswimmer I spend half the year away, so when I went back, I had to make the trip down unfortunately. It’s hectic, but it worked for me.

[Sankrit Iyer @sankrit90]

@srijanshetty @championswimmer *awful

[Sankrit Iyer @sankrit90]

@srijanshetty @championswimmer That is aweful. I had similar issues and I went into the office next to Kanteerva and there were a couple of kind ladies who helped me sort out my issues. If you are in Luru, maybe you could consider this.

[Sankrit Iyer @sankrit90]

@championswimmer @srijanshetty Absolutely - and I attest to the problems we face (including me) for the portal access and the inability to communicate with them. It’s abysmal and it requires a drastic overhaul.

My point was only to speak to the model itself and that for the general mass, forced savings work

[Sankrit Iyer @sankrit90]

@championswimmer @srijanshetty Let me take this up again with our team to get this checked. I spoke from my personal experience.

If you are a firm <20, you do not need to enroll with the EPFO. That’s correct.

[Sankrit Iyer @sankrit90]

@championswimmer @srijanshetty I think more importantly, the point I was trying to make is that it is a mass product and has worked well for the general public as a concept.

The execution and access remains questionable in India. 2/2

[Sankrit Iyer @sankrit90]

@championswimmer @srijanshetty I am an employer and you can absolutely choose to opt out of EPF. I have been salaried and self employed and in between both, there was a period of no contribution even though I was drawing a salary.

[Sankrit Iyer @sankrit90]

@championswimmer @srijanshetty That’s just a convenient assumption. I don’t think the return is bull shit. It’s true that there are systemic issues but to assume no one gets any money back makes no sense. No bullshit, just reality.

[Sankrit Iyer @sankrit90]

@championswimmer @srijanshetty It is only mandatory for wages up to ₹ 21,000 per month, above which, any employee can opt out similar to the 401k system.

Since India is heavily under invested in index or equities, getting a post tax return or 8% equals about 11% pre tax which most folks don’t generate anyway

[Sankrit Iyer @sankrit90]

@championswimmer @srijanshetty I think and access of the EPFO is questionable and of serious concern. The concept itself makes sense for most folks who earn a salary.

The 401k system has demonstrated why it works. The mean and median 401k balances are significantly higher than savings balances in the US. 1/2

[Sankrit Iyer @sankrit90]

@sahilk https://t.co/OTgBwTsSnJ

[Sean Wright @SeanWrightSec]

🤣🤣🤣🤣

[Sankrit Iyer @sankrit90]

@trdessai I believe that’s why they are trying to acquire InstaMart from Swiggy.