Yogesh Jalan

[Yogesh Jalan @YogeshJii]

There should be seperate chat bots on whatsapl for advertising and update on on orders. Can't block the chatbot which also gives me update on my orders.

[BBC News Hindi @BBCHindi]

कार्टून: वंदे मातरम सुनाऊं ?

[Muthukrishnan Dhandapani @dmuthuk]

I'm sharing some of my general thoughts. This is not specific advise to anyone.

I meet many direct stock pickers. Most of them have no clue about the returns they are making. When we sit together and calculate, it is hardly in low single digits.

First realise not all of us can be good stock pickers. Like any other profession, only a small percentage are successful.

I'm not supposed to talk about my portfolio returns in public domain. All I can say is I got decent double digit returns. That was obtained by having a heavily concentrated portfolio there by increasing the risk of wealth destruction.

The same or even better returns could have been obtained through equity funds which has a better risk management through diversification.

Also don't be obsessed with equity. I fully understand that for vast majority of people, there is no other way to build wealth other than through equity.

Unless you're a successful stock picker, take only mutual fund route. Even in mutual funds, cautious advisors like me suggest only flexicap, value, large and midcap, hybrid equity or balanced funds and so on. I'm also going to include in my suggestion balanced advantage funds and multi asset funds.

For those who want ultra safety without every year taxation like fixed deposits (where you've to pay tax even on accrual every year), overnight funds are the best option. Though no guarantees, they have been providing FD like returns. Tax is payable only on withdrawal and not on accruals.

But always keep some decent amount in savings bank account and fixed deposits. They are accessible in few minutes.

Since old habits die hard and I'm not a very bad stock picker either, now capped direct stocks at around 33% of financial assets. This would be spread across a dozen stocks.

One third of financial assets are kept in ultra safe category- only savings bank, fixed deposits and overnight funds. Once you achieve the minimum amount needed as SB and FD, you can keep adding only in overnight funds.

The balance one third of our financial assets, I wanted to keep it in hybrid, where the returns would be decent but risk would be less. Considered balanced funds (equity hybrid), multi asset funds and balanced advantage funds. All are good. But I finally narrowed down on balanced advantage funds for one third of the financial assets.

Also starting SIPs in flexicap and multi asset funds from monthly surplus.

Each one of us is unique in life and financial situation. Consult with your advisor what is appropriate for you.

But in general, don't look only at returns but also risk.

Though nothing is guaranteed, I expect around 12% annualised returns from my financial assets with a maximum drawdown of around 20%.

This is enough for me. At some stage in life you realise, wealth preservation is equally or more important than the rate at which your wealth grows.

[Yogesh Jalan @YogeshJii]

@drmbikaner @RailwaySeva The train is standing here before Vadodara station for nearly 1 hour now.. no action is being taken.

[Yogesh Jalan @YogeshJii]

AC not working on 14702 Coach A1 @WesternRly

[Yogesh Jalan @YogeshJii]

@drmbikaner @RailwaySeva Abhi tak koi solution nahi diya gaya hai.. sabhi passengers pareshan hai suffocation ho raha hai

[Yogesh Jalan @YogeshJii]

@WesternRly @RailwaySeva @WesternRly @RailwaySeva all passengers are awake due to unbearable humidity inside the coach.. pls get this solved

[Yogesh Jalan @YogeshJii]

@WesternRly @RailwaySeva

[Pakchikpak Raja Babu @HaramiParindey]

Indian jawans on the border hearing news about ceasefire with Pakistan

[Grant Dougherty EA @doutaxsolutions]

You can directly put up to $7,000 in a Roth IRA this year

But did you know you may be able to supercharge this and potentially add an additional $69,000 to your Roth?

It’s called the Mega Back Door Roth IRA.

Let’s talk about this lesser utilized strategy:

[Yogesh Jalan @YogeshJii]

@JioMart_Support Great, now delivery date which was originally showing as 12 August shifted to 14th. Worst experience ever.

[Yogesh Jalan @YogeshJii]

@JioMart_Support My order is delayed for 3 days now. No customer care service option available. Tried calling but no response. Pathetic service.

[Andrew Wilkinson @awilkinson]

Elon Musk fired 6,500 employees at Twitter.

A little birdie told me it's down to:

- 2 designers
- 6 iOS developers
- 20 web developers
- Around 1,400 sales and operations people

How is it possible that we are still using this website?

Two words:

Parkinson's Law.

Have you ever wondered why seemingly simple tech companies have tens of thousands of employees?

Sometimes, it's because they have huge sales forces or tech support/operations people.

But often it's also due to Parkinson's Law.

Parkinson's law is like lighter fluid for bureaucracy.

It's a business tapeworm that slowly eats away at companies, making them less and less efficient and innovative over time.

Parkinson's Law is the idea that the work will generally expand to the amount of time, budget, and number of people allocated to it, and no matter how many people you allocate to it, those people will feel busy.

They'll feel busy because, due to the excess time/slack in the system, they'll start focusing on less and less important tasks.

Here's how it manifests on an individual level:

Let's say you have a report due in a week.

The report might only take you around five hours to finish if you really focus and work efficiently. However, because you know you have a week to complete it, you might find yourself spending a lot more time on it than you need to.

You'll be more prone to distractions, take longer breaks, or perhaps decide to add more details, tables, graphs, and so forth.

Essentially, the task becomes more complex and time-consuming purely because you have more time in which to do it.

And here's how it manifests across organizations:

Imagine a big tech company. A social media company with various departments. Each department has tasks that it must complete to contribute to the overall productivity of the company.

Now, suppose each department is given a budget and a set amount of time to complete its tasks for the year.

According to Parkinson's Law, each department will use its entire budget and the entire allotted time, even if the tasks could have been completed more efficiently.

This is because as resources and time increase, departments tend to become more complex and less efficient.

For example, a department might add more steps to its procedures, requiring more approvals and creating more paperwork, which slows down the process.

Or it might use the full budget on additional personnel or equipment that doesn't necessarily improve productivity.

The department might also use the full budget to justify the same or larger budget for the next year, since budgets in many organizations are often determined based on the previous year's spending.

This is a phenomenon known as "budget padding" or "spend it or lose it" mentality.

Inefficiencies can also develop in staff allocation. If a department expands, it might add managerial positions that aren't strictly necessary.

More employees are hired to manage, creating layers of bureaucracy that may not contribute to productivity and can even slow decision-making.

I have seen this occur over and over again in my career. The larger the team, the larger the budget, the longer the timeline, the less gets accomplished.

I'm very curious to see how many more tech companies come to this realization.

So often, good times + revenue growth = Parkinson's Law.

[Manjinder Singh Sirsa @mssirsa]

India comes before Cricket.
I reject Pak propaganda and stand with Arshdeep Singh.

#IndiawithArshdeep

[Sahil Bloom @SahilBloom]

These paradoxes will change your life:

[Yogesh Jalan @YogeshJii]

@_KiranRajput Max Surcharge on dividend is 15%.

[Akshat Shrivastava @Akshat_World]

Your taxes are going to increase.

The last two years have been quite traumatic for the entire world.

As, the world starts to rebuild, the governments would need more money.

[A thread...]

[CA Akhil Pachori @akhilpachori]

First Knowledge Post of Year 2022

When you receive messages with diff. headers, messages can be of different types that may come in your message inbox

Details of how to find the sender and some other details that can be known about the sender of message (A Thread) 👇

1/n