Abubakr SiddiqueCFP®

Psychology | Behavioural Finance | CFP® | Fiduciary Advice | SEBI Registered Investment Adviser | Abubakr Siddique A G | INA200000910

[Abubakr SiddiqueCFP® @WealthTraits]

A great resource related to psychological issues affecting your daily physical and emotional well-being. https://t.co/aBzNW0BKiE
Much helpful now.
#COVIDー19 thanks @APA

[News18 @CNNnews18]

#TamilNadu | Confident that AIADMK will cross 125 mark, we are giving Vijay too much credit: Apsara Reddy, AIADMK

DMK always maintains voting percentage of 40%, it is a two-party contest: @puhazh_gandhi, DMK

#ResultsWithNews18 #ExitProjections | @AnchorAnandN @RShivshankar

[Abubakr SiddiqueCFP® @WealthTraits]

@abhymurarka Bharat Forge

[AstroCounselKK 🇮🇳 @AstroCounselKK]

Shocking 😲 Amazon Fraud 😑..

You won't beileve it ..
Watch and understand.
what's happening ..

[Abubakr SiddiqueCFP® @WealthTraits]

@BoucherNicolas Claude

[Abubakr SiddiqueCFP® @WealthTraits]

>85% of bank accounts in top banks are individual accounts,” said BG Mahesh @bgmahesh of @sahamati at the ARIA Aspire event @aria_india1.

For a country built on strong family bonds and shared finances, that feels odd.

What about you?

#ARIAASPIRE #financialliteracy #banking

[Association of Registered Investment Advisers @aria_india1]

A well-deserved moment to recognise the volunteers of ARIA, whose passion and dedication continue to strengthen the ARIA community. Their efforts behind the scenes play a vital role in advancing the vision and initiatives of ARIA.

#ARIA #ASPIRE2026 #ASPIRE #InvestmentAdvisers

[Abubakr SiddiqueCFP® @WealthTraits]

Where do you get your investment advice from?

[Abubakr SiddiqueCFP® @WealthTraits]

“62% of investors are influenced by finfluencers,” said SEBI Chairman Mr. Tuhin Kanta Pandey at the #ARIA ASPIRE event.

In the age of social media, financial advice is everywhere — but credibility matters more than ever.

@aria_india1

#Investing #SEBI #ARIAASPIRE

[Abubakr SiddiqueCFP® @WealthTraits]

“62% of investors are influenced by finfluencers,” said SEBI Chairman Mr. Tuhin Kanta Pandey at the #ARIA ASPIRE event.

In the age of social media, financial advice is everywhere — but credibility matters more than ever.

@aria_india1

#Investing #SEBI #ARIAASPIRE

[Abubakr SiddiqueCFP® @WealthTraits]

@BojanRadojici10 AI liberates

[Gaurav @Gaurav_kumrawat]

@BaluGorade Shpuld be mandatory by the goi, its equally important safety feature. Wouldn’t cost a bomb to do it at a mass scale.

[Abubakr SiddiqueCFP® @WealthTraits]

More control over the NPS corpus.

[Neil Borate @ActusDei]

PFRDA officially cuts annuity in NPS from 40% to 20%! For govt employees it remains 40%. Big move!

[Abubakr SiddiqueCFP® @WealthTraits]

Healthy & Debt free life = Stress free life.

[Balu Gorade @BaluGorade]

You see the BMW, the big house, the fancy gadgets.

But you don't see the debt, the EMIs, and the silent pain behind them. 🙂

[Ben Carlson @awealthofcs]

I'm always impressed when a 50 word blog post says more than most 50k word books

(this one from Seth Godin)

[Abubakr SiddiqueCFP® @WealthTraits]

Indeed!!!

[Abubakr SiddiqueCFP® @WealthTraits]

🛡️ Vigilance Awareness Week 2025
📅 27 Oct – 2 Nov
Theme: “सतर्कता: हमारी साझा जिम्मेदारी”
Vigilance: Our Shared Responsibility
Let’s stand for integrity, transparency & good governance.
🔗 https://t.co/iJWxFpgzov
#VigilanceAwarenessWeek #CVC #IntegrityMatters

[Sridhar Vembu @svembu]

What is ailing the software job market is not AI taking away jobs (not yet anyway).

Here is my thesis, as a participant and observer of software for 30 years. Over those 30 years:

1. Massive over-capacity steadily developed in enterprise software due to a flood of VC, PE and IPO money.

2. Software vendors applied liberal doses of marketing spending to spread Fear (of missing out) and Uncertainty ("tech is changing, you need us") and Doubt ("are you confused? trust us") among corporate customers and the result was ever growing IT spending. Enterprise IT budgets kept rising because which CIO or Board would want to be seen as lagging? Major corporations in the West have layers and layers of duplicated IT systems, lots of money spent to acquire them and even more money spent to get the disparate systems to work together. The more inefficient IT systems ended up becoming permanent resource drains, requiring vast human resources to simply keep them running.

3. Large enterprises in the West found those needed human resources in India - transferring those inefficiencies to IT services firms in India, often multiplied by 3 or even 4! That "multiplied inefficiency" happened because IT budgets were kept fixed in dollar terms and more people got hired in India to "get more done".

Result? A large number of IT jobs in India came to depend on those original inefficiencies and the multiplied inefficiencies.

4. Note how Indian banks and financial institutions are more IT savvy, while spending far less, than established financial majors in the US - Indian firms did not have the budgets to splurge! Necessity made them highly efficient and today India's financial institutions are able to fend off foreign competition easily.

5. One of the deep facts about software is that often a 2 person team can solidly outperform a 20 person team and a 10 person team can do the work of a 200 person team. This is not just due to talent disparity - even when the large teams have equivalent talented people, they can easily end up being wasted on unproductive projects.

6. When people are billed by the hour or by the staff month (input metrics), as it happens often in IT services, there is zero incentive to remove those inefficiencies, to empower the 2 person team as opposed to hiring 20.

It is those multiplied inefficiencies in IT, built up over decades, that is facing a reckoning now.

Now enter AI. A large amount of code is boilerplate code in many projects and AI can eat such code for breakfast. Depending on the nature of a project AI can offer 10-20% productivity gains. Significant but not the 10x or 100x leap yet to destroy jobs on a vast scale.

But those AI gains of today pale in comparison to the "multiplied inefficiencies" built up over decades.

This reckoning nearly happened in the aftermath of the Global Financial Crisis (GFC 2008-9). It got postponed because the central banks flooded the world with money and a part of that money flooded into enterprise IT.

The pandemic unleashed another flood of money into enterprise IT.

Those floods are now history and we have a serious drought.

That is why I am pessimistic about the software job market, even before accounting for AI.

[Abubakr SiddiqueCFP® @WealthTraits]

@BojanRadojici10 Hi. Send the link

[The Kaipullai @thekaipullai]

If you are wondering why India is not able to compete with China / Vietnam in Manufacturing, here is a gist.

If you are a brave Indian who decides to start an MSME or a Manufacturing company or a factory

1. A Municipal clerk / officer can reject your land registration file because of a missing annexure on the 16th page of the 17th form
2. A clerk from the GST office could misplace your online GST Certificate application.
3. Your GST Application could be marked for physical verification despite digital Aadhar verification, because your Insta photo and Aadhar card photo, doesn’t match
4. A GST officer can reject your application and force you to start over, because you committed the cardinal offence of not being in office at 7:30 PM when the Good God McLord GST Officer visited without any warning.
5. The Tehsildar can reject your application for using your own land for your own company, citing some obscure provision which was written in annexure 578 of the Factories Act 1948
6. Their superior district officer can send you a stop work notice, under some random act which was passed in 1869
7. The Salt Commissioner's office (There actually is such a department) can send you a notice for misuse of salt pan land, despite your land being 600 kms from the nearest sea.
8. The Environment ministry can send you a notice for cutting a tree that wasn’t there.
9. The Agricultural department can send you a notice for illegal conversion of Farmland to industrial use, despite the land being barren since 1857.
10. Customs can withhold your manufacturing machinery citing wrongful declaration and impose a 600% penalty for its release.
11. Power department can refuse you a connection citing a missing signature on Pg 301 of your commercial power application form.
12. The Water Department can stall your water connection because they have run out of smart meters - This is Digital India you see.
13. State Pollution control board can impose a penalty for toxic effluence, despite your factory being idle and having no effluents
14. A no name, random, Local Political Party can stop work at your factory because they want 120% reservation for local people
15. A different no name, random Local political party can destroy your factory because you didn't give prominence to local language on the name board. We cannot tolerate Language imposition, you see.
16. The Factory opening can be indefinitely delayed, because the local councilor / MLA / MP is too busy for inauguration
17. The Import Export department can block your export license and classify you as an international smuggler because you put a wrong comma in Page 354, Annexure 45, para 6. This, while the real international smugglers, happily smuggle.
18. RBI can Freeze your bank account, for some FERA / TERA / MERA violation of $1.08
19. You can receive a random Penalty, and a stop-work notice from a department, that you didn’t know existed
20. The Legal Metrology Department can block your production, because your 1 Kg is not equal to their 1KG
21. The GST department can send you a Notice for wrongful GST interpretation, an interpretation that you ironically fixed with consultation from the same GST Department.
22. They can impose additional GST retrospectively and just for kicks, put a 1200% penalty on top of it. And freeze your bank account if you don’t pay in 7 days.
23. A random disgruntled local guy, probably paid off by someone, can shut you down by filing a petition in district court for "health hazards”
24. CBDT can freeze your bank account due to non-payment of taxes, despite the factory not earning a single rupee of revenue.
25. The local municipality can suddenly decide to re-dig and re-concretize the already dug up concrete road, which is in front of your factory.

That’s why most aspiring entrepreneurs quit and go back home wondering if they should have simply stuck to a normal salaried job.

And few of the great souls who persevere, they spend most of their time and energy fighting the Indian govt machinery on compliance.

Not China / Vietnam on cost and quality.

[Abubakr SiddiqueCFP® @WealthTraits]

@BoucherNicolas Free template