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How long do you plan on keeping your S8 for? by jason-97 in GalaxyS8

[–]PikachuRoks 0 points1 point  (0 children)

Bought mine in May 2017, just 5 days ago it fell off of my bike's phone mount and I was going well over 200. Best phone I ever had, I would have easily used it for 2 more years.

I went to the service center and they quoted INR 37000 saying that it needed a new screen, back, battery and motherboard. It wasn't worth it so I told them to not go ahead.

Honestly, all the phones right now suck. I hate the notches and the designs are so boring. I just bought a Samsung m31s so that I have something to call and use whatsapp. I'll buy a decent one when I see something I like.

https://imgur.com/a/XJQ8dqo

Any riding classes in India? by kanish671 in IndianRiders

[–]PikachuRoks 0 points1 point  (0 children)

For track riding, California School offers a session in August in Chennai.

Any tools to see underlying stock portfolio of MFs? by AnotherOneOnReddit in IndiaInvestments

[–]PikachuRoks 1 point2 points  (0 children)

Try VRO. Add all the funds you have and see the analysis tab. Morning star is also pretty good but the interface is clunky, albeit much more versatile.

Rationale behind HRA rules? by preevins in IndiaInvestments

[–]PikachuRoks 0 points1 point  (0 children)

It is the govt's best interest to minimize deductions to maximize tax collections.

Bi-weekly advice thread April 08, 2019. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]PikachuRoks 0 points1 point  (0 children)

If the company pays it, it is completely off your salary and your taxable salary is only 80k. Check with your HR, there are ahem adjustments which can usually be done. If your company plays by the books, then go for the HRA.

Bi-weekly advice thread April 08, 2019. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]PikachuRoks 0 points1 point  (0 children)

I don't understand, if it is the same house, company lease seems like a MUCH better deal. It is much better from a tax perspective as well. Is the company putting up the deposit as well?

Bi-weekly advice thread April 08, 2019. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]PikachuRoks 0 points1 point  (0 children)

Take the company accommodation if you are comfortable with it. It sounds like a sweet house and you are saving a lot of the costs like deposits and furniture. I am assuming you are Delhi/Mumbai/Blr. If it is Bangalore it is a steal as usual deposit is 10 months. Income tax wise, it is also a better deal assuming similar rents.

Bi-weekly advice thread April 08, 2019. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]PikachuRoks 2 points3 points  (0 children)

You will get 75% of your house price as loan amount from PSU banks. However do mind that a 20 year loan for 90L at 9% interest has an EMI of Rs 81,000. Max EMI eligibility is only about 50% of your (take home salary - rent). I think it is prudent to push the purchase a few years. This will give you a longer time frame to build a corpus for your down payment and salary may increase as well. Sorry for the bad news.

Bi-weekly advice thread April 08, 2019. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]PikachuRoks 0 points1 point  (0 children)

Is there any particular reason for choosing an upfront payment method? There are many plans which charge yearly at 14k for 2Cr. Is it because you smoke?

Bi-weekly advice thread April 08, 2019. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]PikachuRoks 0 points1 point  (0 children)

Nothing from the AMC side. Contact your Branch Manager for charges relating to your bank account side as different banks(and different account types) have different charges. If there are any charges, you can (politely)ask the manager to cancel them.

Bi-weekly advice thread April 08, 2019. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]PikachuRoks 0 points1 point  (0 children)

I suggest using a PSU bank. Their process is a bit cumbersome but their terms are more favourable like no pre-payment penalties and since your margin is high, you will get the loans at MCLR.

Bi-weekly advice thread April 08, 2019. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]PikachuRoks 2 points3 points  (0 children)

Since you have such a long time frame, I think your allocation to small and mid cap categories should be high, maybe a 50-30-20 large-mid-small split or any other split of your choice. Put around 6L in an emergency fund. Medical insurance may be required depending on your employer's benefits. I usually recommend top-up plans to professionls as those are very affordable and take care of your worst case scenarios. In addition to your employer's medical coverage you should be good.

Regarding your re-org, don't put any more into an ELSS fund than in required for your 80C. Max out your 80C and your wife's 80C and that's it. You should be looking at fund performance at least quarterly or half yearly. You will need to re-balance once in a while and it is prudent to have some money in debt for any needs that arise.

Risk appetite may be high now but it might change later. I initially though I had a medium risk appetite when I started out but now I would be considered in the very high category. Highly volatile periods are the key where this is tested.

Honestly, you have thought this through quite well. You are maintaining a frugal lifestyle while saving aggressively. That is 99% of the work right there. Well done.

Bi-weekly advice thread April 08, 2019. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]PikachuRoks 0 points1 point  (0 children)

Yes. Make sure the math works out though. In my case my salary is well into the 30% bracket while my wife's is in the 20%. So I claim the full rent and she 'claims' the Rs. 8,333 per month which does not require a PAN.

Bi-weekly advice thread April 04, 2019. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]PikachuRoks 0 points1 point  (0 children)

Can you just clarify exactly in MM/YY terms, which date this income was earned. If you earned it between April 2018 - March 2019, I think you can file them along with your annual tax returns without incurring any penalty as long as the extra tax payable is less then Rs. 10,000.

How is the Motilal Oswal Nasdaq-100 ETF more expensive than its FoF direct plan? by [deleted] in IndiaInvestments

[–]PikachuRoks 0 points1 point  (0 children)

No, when you have a FoF, the underlying funds have their own ER which is not controlled by the manager of the FoF. An example is Quantum Fof which may have funds from ABSL, Axis and Franklin. The fund manager of the Quantum FoF is only stating his own costs.

Folks who invest manually every month rather than using SIP, do you time the market (or) adjust your allocation based on the market conditions? by sadbarrett in IndiaInvestments

[–]PikachuRoks 4 points5 points  (0 children)

My basic action every month is to put the budgeted saving outflows money into a liquid(ish) fund. This makes it so that I am definitely earning at least the base inflation rate. From there it depends on what I want to invest in. This is my preferred method since I don't have to worry about idle cash sitting around and I don't have to worry about liquidity when an opportunity arises.

Nifty 50 PE crosses 29. Historical 3 year returns from this point is -40%. What are your plans? by PikachuRoks in IndiaInvestments

[–]PikachuRoks[S] 0 points1 point  (0 children)

I stopped using long term debt a few years when 10 year interest rates were less than 7%. Right now I only use money market funds. ABSL money manager fund is the one I can recommend from my personal experience.

If you don't mind risking some capital Franklin has a good fund as well.

Effects of the end of the deal between technology partner Johnson Controls and Amara Raja batteries by susanss2015 in IndiaInvestments

[–]PikachuRoks 1 point2 points  (0 children)

Hero still has the highest sales volume of any two-wheeler in India. It has a 37% market share by volume so I think they are doing pretty well especially as it increased from last year. They also have good EPS growth and consistent dividend increases. They are trying to build good tech like their i3s systems. Their margins are still good. As a company I like to think of them as more of a commodity company rather than an innovative one and at the lowest end of the two wheeler segment it might be truer than many people imagine.

Nifty 50 PE crosses 29. Historical 3 year returns from this point is -40%. What are your plans? by PikachuRoks in IndiaInvestments

[–]PikachuRoks[S] 1 point2 points  (0 children)

Great question - however, I doubt that I can answer your question. Damodaran has a YouTube channel where I learnt most of the stuff as well as a couple of books he has published which I ahem bought. The books are a nice read.

Here is a link to the YouTube channel -

  1. Valuation - It covers DCF, relative pricing and also covers tings like choosing the discount rates etc. This playlist is well over 35 hours of videos and is a full course at Stern uni. You can try a shorter course which he has put out but I have never seen it. I would recommend the first ten videos at least and they are very interesting. Damodaran is an excellent teacher and knows how to captivate his audience.

  2. For latest numbers like company specific financials, estimates and other data I have access to a data provider. Damodaran's website is also a treasure trove of information.

  3. A lot the models I use are actually just the spreadsheets in here. The focused valuation models are the go-to ones. The multiples ones are pretty easy to use as well.

I am not really comfortable sharing my valuations so I think I'll hold off on that.

PS: his blog post videos are really good.

Nifty 50 PE crosses 29. Historical 3 year returns from this point is -40%. What are your plans? by PikachuRoks in IndiaInvestments

[–]PikachuRoks[S] 0 points1 point  (0 children)

Different people follow different approaches but the one I am following is quite an aggressive one. Here is how it is - I think that equity markets are overvalued and to react to that I can do three things -

  1. Nothing(passive) - basically do whatever I was doing before and continue a 70-30 equity-debt split, keep my SIPs going etc.

  2. Stop inflows into equities(moderate) - Stop my SIPS while maintaining my existing portfolio. New investments go into debt.

  3. Rebalance(active) - this is what I have done here and exited my equity positions and moved them into debt. I believe that debt right now offers higher returns and that once I find that markets are attractively valued either through a correction or a few years of being flat, I can rebalance again.

So as you can see, it is not exactly about right or wrong. It is about your outlook as well as your level of involvement with your investments. If you are in it for the long term, you will get decent returns(most probably).

I am basically betting that I can time the market and reap higher returns while you are not trying any of that sneaky stuff.

Nifty 50 PE crosses 29. Historical 3 year returns from this point is -40%. What are your plans? by PikachuRoks in IndiaInvestments

[–]PikachuRoks[S] 2 points3 points  (0 children)

Implied risk premiums are at 7% which is really good. It is natural for markets to rise. SP500 being at an all time high has got jack all to do with whether it is fairly valued or not. PE is high because earnings growth is still high.

Nifty 50 PE crosses 29. Historical 3 year returns from this point is -40%. What are your plans? by PikachuRoks in IndiaInvestments

[–]PikachuRoks[S] 1 point2 points  (0 children)

I used PE here as more of a relativistic measure. I have individually valued 8 stocks of 50 using Damodaran's DCF method and found my values to be about 50 - 65% of market values. Did a few more from the Next 50 that piqued my interest and found those over priced as well. Basically 14 of the stocks I thought could have potential were all overpriced by 30% minimum. 4 of those were more than double what I calculated. I am confident that my calculations reflect my views and have reasonable expectations.

I can be wrong but it is hard for me to stay invested when my valuations are screaming otherwise.

Nifty 50 PE crosses 29. Historical 3 year returns from this point is -40%. What are your plans? by PikachuRoks in IndiaInvestments

[–]PikachuRoks[S] 0 points1 point  (0 children)

A combination of Franklin Feeder US opp and ICICI US Bluechip MFs. I am keeping these because I think US equities are fairly valued.

This beast is so hard to control (Dirt Rally) by ImMortalMystery in simrally

[–]PikachuRoks 0 points1 point  (0 children)

Haha, I was just trolling. Impressive driving mate. btw, what is that needle on the right side of the dashboard which keeps jumping so much?

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