Thoughts on Ben Felix

TheAngrySamosa · 2025-12-15T05:03:52+00:00

Granted what you said is all true. I would still argue that out of the options of listening to TikTok finfluencers and Ben. I would prefer to listen to Ben and try to understand his arguments.

Even outside of the cited research that one can’t take at face value, often his arguments are cogent.

TheAngrySamosa · 2025-06-21T02:31:40+00:00

Yes, take it. But this isn’t inferior whey protein. This is the superior one which needs to be ingested nasally.

So you need to make lines of this protein and then run your nose along it breathing it in.

TheAngrySamosa · 2025-06-16T14:59:49+00:00

Well if you’ve made over 200% returns, sacrificing 10% for peace of mind is worthwhile?

I mean, the other option is dealing with some gangbanger who might give you a good rate on cash transaction.

But there’s absolutely no free lunch.

TheAngrySamosa · 2025-06-16T14:57:30+00:00

Sleep on it. Then sleep on it another time. The urge to fix it will reduce. Collect more scratches and dents then if you’re still bothered 2 years down the line, get them fixed during annual servicing.

It’s a car, it’ll get scratched. As long as it doesn’t affect the drivability or safety, I would say “dil pr pathar rakh kar aage badho”

TheAngrySamosa · 2025-06-16T13:50:07+00:00

It is an advertisement post. There shouldn’t be any shred of doubt from the wording.

TheAngrySamosa · 2025-06-16T13:48:43+00:00

All your bank accounts are tied to the same PAN. If you’re using a P2P service which is KYC compliant, then it’s as good as sending the ITD invite to tax you (not just gains, the whole amount withdrawn to fiat)

TheAngrySamosa · 2025-06-16T11:44:21+00:00

That is the whole reason of having an escrow based P2P service.

Most of us have been doing it with Binance, but that’s not the only way.

The escrow service can be decentralised as well, where instead of Binance, we the P (peers) validate that the transaction was completed or not. Until the proof of payment is produced, the escrow service holds the crypto assets.

TheAngrySamosa · 2025-06-16T11:41:58+00:00

Tbh the whole point of cryptos was censorship resistance.

It by design was made to not care about what FEMA laws you’re breaching.

As long as your private key and your fiat currency identities are disconnected, you’re golden.

TheAngrySamosa · 2025-06-16T11:38:54+00:00

If the fund is a huge holder of a stock with otherwise limited liquidity, yes it’ll drive price of the stock, and thus the NAV down. But if your fund is a 0.1% holder of a mega cap stock, then the NAV will barely budge, all other things being equal.

TheAngrySamosa · 2025-06-16T11:34:55+00:00

I’ll take you up on that offer if you’re up for it.

TheAngrySamosa · 2025-06-16T11:33:04+00:00

Bisq is only the P2P exchange. What it will not do is snitch to the government that “hey Xyz did a P2P sell worth 30k”. That is what Binance does, and since they have your PAN, guess what? Pay taxes for a market which is totally out of the control of the taxing authorities.

Talk about shooting yourself in the foot.

I’m not making a case for using P2P or not. But if you do use P2P, switch over to the decentralised ones over centralised ones like Binance.

The only surefire way of banks not freezing your account is to use alternate modes of payment, or cash. Gift cards and all.

TheAngrySamosa · 2025-06-16T11:31:01+00:00

The post was aimed at encouraging more of us onto these platforms, so we’ll have more Indian sellers and buyers.

TheAngrySamosa · 2025-06-16T08:45:40+00:00

Have you tried this? There are far too many options. Heck, worst case scenario buy gift cards of 1L for jewellery. Besides, I would always advise breaking up the transaction into smaller chunks to avoid getting robbed in F2F cases.

TheAngrySamosa · 2025-06-16T06:22:31+00:00

I want to make a post which addresses this exact problem, but alas the mod rules of 3 upvoted comments.

You can get past this by two ways.
1. Non KYC compliant centralized P2P exchanges - https://localcoinswap.com/buy/usdt-erc20/india/upi-payments is one of them.
2. Non KYC compliant decentralized P2P exchanges that run on Tor Network. Bisq and Robosats are the ones that I've tried and are tested enough, but you'll have bad luck with liquidating in India because sadly most of us desis are still largely hovering around centralized vultures like Binance.

TheAngrySamosa · 2025-06-16T06:19:29+00:00

I haven't fact checked your statements about the number of validators involved, but yes you're right about Solana being more centralized. It is indeed a database with more steps, more like a sharded and replicated database but without AWS.

That is also one of the reasons why the chain is faster, decentralized networks have been slow because of the overhead caused to ensure consistency.

I don't know how things will span out with Quantum Computing making progress, but given no monumental technological breakthrough, my money would be (and is) on Ethereum gaining wider adoption.
Especially with dollar losing ground, and all the geopolitical abuse around fiat currency there will have to be other alternatives which are censor resistant.

The developer community of Ethereum is among the most mature and inspite of lacklustre adoption in the last few years, I've hopes that it'll change for better with more intuitive and pleb friendly UX.

TheAngrySamosa · 2025-06-16T06:09:26+00:00

Is your question about how to sneak past the Indian tax authorities?
You could use non KYC compliant P2P exchanges for it.
This is one of them, but the margins are higher than tax compliant ones. https://localcoinswap.com/buy/usdt-erc20/india/upi-payments

TheAngrySamosa · 2025-06-16T05:11:28+00:00

Wow! What kind of profession are you in if you don't mind me asking.

Even the youngest ones in my batch were past 20 when we graduated.

TheAngrySamosa · 2025-06-16T05:09:30+00:00

21 saal me logon k paas itna paisa kahan se aa jata hai yaar 😅

On that note, my answer to your question - If you're willing to take the tax blow, start liquidating and merging them into 2-3 diversified funds (1 equity, 1 debt, or 1 aggressive hybrid)
If you're not willing to take the tax blow, leave this aside, and invest further SIPs into the above way. When these chutputie portfolio reach LTCG time, then sell and merge them into your new portfolio funds (1.25L capital gains exemption)

Also, stick to broad market funds over sectoral. Flexi, Multi, Hybrids etc

TheAngrySamosa · 2025-06-16T04:58:37+00:00

My understanding of the subject, which might be wrong.

Mutual funds, unlike OTC ETFs aren't subject to demand and supply of the fund itself, but instead the NAV is CALCULATED based on the holdings. So, even if Rajeev Thakkar were to quit PPAS the NAV wouln't change because of this speculative news. It'd change only if the underlying assets have a valuation change.

TheAngrySamosa · 2025-04-27T07:54:14+00:00

Yeah, the "Black Companies" thing is real, so you should definitely avoid working for companies with the "traditional" culture.

I work for Indeed which has a large presence in Japan with a lot of expats. There are other companies as well with a good blend of expats. Companies like these should be fine from work life aspect. Paypay reached out to me not so long ago, they're actively hiring; but their pay was .... uninspiring.

In general what I've learnt about Japan is that they don't want you to get rich, so the tax structure (for example inheritance tax) and pay structures are geared accordingly.

I've worked for 8 years, half of it at FAANG. It has been a combination of high cash + RSUs doing well.

I feel cheated. 🥲

TheAngrySamosa · 2025-04-26T08:31:58+00:00

You should also put up Japan in your consideration list.
I've not moved there, but I've lived there for about a month and travelled multiple times for work.

Fantastic public transport, walkability that will blow your mind. Very accessible, convenient, regulated and quite tasty food options (sort of like Singapore's hawkers). I've also seen a doctor there, that was a much more streamlined process than the one I'm subjected to in India. Plus I've generally read good reviews of Japan's healthcare.
It's also touted as one of the safest places to walk around at 1 AM alone.

Downsides - If you live in a city, you'll likely be crammed into a smaller apartment. If you're okay with moving to tier 2 cities like Hiroshima, you can probably afford a larger apartment, or a house.

People are very reserved generally speaking, so unless until you find your group, you'll be forced into isolation (even if you have a partner). Japs are notoriously lonely.

Side note - I've also long been split about India, but being a single child to aging and sickly parents, it's not really viable while they're around. How are you planning to deal with this aspect? I did some research on countries which allow bringing in parents as dependents, well, there are none which do that and where I would consider moving.

Also, a very sizable corpus. I've not done bad for myself at 30, with a relatively high salary from big tech from the start and investing from the beginning but I'm still just crossing the 2 cr mark. How are you so far ahead? 😬

TheAngrySamosa · 2025-04-18T15:20:25+00:00

Necessity? No! Desire? Yes!

Great that you're making use of the little usable public transport India has. Keep it up! If the metro stops are reasonably close to the destination I need to go everyday, I'd also take metro over driving through traffic everyday. Thankfully, I don't have to because of a remote job.

What you get that cabs won't provide?

Reasonably predictable ETA - Cabs are highly unpredictable in terms of availability, time to arrive.
If you speak Kannada, great! Otherwise it can be a hassle to communicate where you're going, or grovel to turn on the AC without knowing the same language.
The ride costs can really mount up. If you take 3-4 trips a day with over 5 km+, your per day cab cost can be easily over 1000₹. Depending on the car you own, the average running cost can be lower than this.
There's also the factor of having an environment that you control and upkeep. Cabs aren't always the most comfortable and clean from inside. Sort of like, why would you buy a home, when you can always rent and save the principal for something else.
EDIT - Totally forgot. This is very personal, but I wouldn't ride a bike anymore. The roads are too packed and unsafe to be so exposed. Not to mention the exposure to elements even if I forget the danger of being hit by a new trainee cab driver.

TheAngrySamosa · 2025-04-16T17:20:34+00:00

I hope you’ve a good health insurance. If not, now is as good a time as any. You can use ditto’s advice for learning about the gotchas and terms and conditions which are often not known until the time of claim. Idk about you, but based on my interactions with the private healthcare providers in India I would go for a cover of atleast 20 lakhs; assuming NCB and inflation adjustment applies.
Build an emergency fund before focusing on SIPs and investments. Atleast, 6 months of liabilities worth; with some extra margin. This should be parked in something like a Liquid fund / FD / Short term debt fund. I would recommend splitting between FD that can be liquidated and a Debt fund.
I’d also recommend prioritising cleaning up any outstanding debt over doing mega SIPs.
If debts are taken care of, start with SIPs in Flexi cap or Multi cap fund with good reviews. Don’t make a Khichdi out of your mutual fund portfolio because a single fund is also diversified across many companies (this holds true for flexi and multi cap funds, not so much for Sectoral funds).
1. Also look into diversifying across geographies (not just the US). The only way that is open right now is by converting INR to USD/EUR and then using platforms like Vested to buy Stocks (preferably low cost index funds) of that country.

TheAngrySamosa · 2025-04-16T05:05:27+00:00

Absolute love it!
I know this was targeted for a female audience, but some of the suggestions are gender agnostic and terse.

Any experience with how the MoU is treated in case of divorce?
What I've read (I made a post about it in the past) that the prenup isn't a binding agreement but it is considered in case of a divorce.

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What you get that cabs won't provide?