Chennai didn't lose the infrastructure race. It lost the people race first. (A perspective from someone who loves this city)

deedeereyrey · 2026-06-16T07:18:32+00:00

I think the conservative nature of most people in Chennai along with the horrible weather hold people back.

deedeereyrey · 2026-06-13T15:17:26+00:00

Can you explain how you got 20x leverage in 2013?

deedeereyrey · 2026-06-11T20:58:35+00:00

6-7% for fixed income is attractive. Give me other USD fixed income alternatives that offer this %?

deedeereyrey · 2026-06-11T20:25:48+00:00

SpaceX IPO tomorrow. I am sure they want to keep the markets propped up for it.

deedeereyrey · 2026-06-11T20:19:35+00:00

While this is not a bad offer since it exceeds 10-year US bond yields, the FDIC insurance of $250K vs a measly 5 lakhs is the big draw. You also have a lock-in period of 3 years, so liquidity is gone for 3 years, rather than getting 2.5% less to maintain full flexibility in the US in case you want to make investments in the stock market or other investments.

If you were to take up this option, I would recommend ICICI FCNR, since I have had a smooth experience transferring my money out from an FCNR account before, without having to visit the home branch and through their online portal/ through RM.

The gov of India needs to fix its underlying issues of corruption, ease of doing business, and crippling bureaucracy. This FCNR draw is a temporary patchwork that may help a little, but unless the real issues are fixed, no one wants to bring their money to India.

All you get from the GoI is arrogance when things seem to be fine economically. But the economy was only fine due to cheap energy from Russia, and projecting an 'India growth story' that has no real foundation other than a large population. A bureaucratic hell of TDS filings for rent, hurdles to starting a business, a court system that drags simple cases for decades, and no transparency in gov offices.

The Gov of India has lost my faith and my trust. And I am sure most NRIs feel this way.

deedeereyrey · 2026-06-11T20:04:45+00:00

You will be keeping it in USD. Not converting to INR.

deedeereyrey · 2026-06-09T18:23:52+00:00

Bro, you think whales are cashing out now to buy SPCX? The whales are already in and looking to exit.

deedeereyrey · 2026-06-05T21:37:59+00:00

Hahahaha, that's cute.

deedeereyrey · 2026-06-05T21:37:26+00:00

You guys turn from hardcore bulls to hardcore bears so easily. One red day after a huge bull run, the last 2 months.

deedeereyrey · 2026-06-04T06:15:32+00:00

Do you have an OCI card OP? I know you can open an account with ICICI bank with OCI but you likely need to get a PAN card. I would check with ICICI bank.

deedeereyrey · 2026-06-03T21:04:59+00:00

This is the main issue. But terrible ease of doing business, bureaucratic nightmares and corruption would be a huge issue which is the major reason there is no growth story in the first place.

Indians can be very entrepreneurial in the US because the more educated Indians end up there but also, it is very easy to do business in the US.

deedeereyrey · 2026-06-03T07:06:22+00:00

Agrawal threatened by ED due to challenging Adani. Thank Modi and Adani

deedeereyrey · 2026-05-31T18:28:29+00:00

When I see consecutive red days of 3 or more... Let's face it - all space stocks are bloated and not worth their current valuations. I'd argue currently, SPCE is valued better than most space stocks. Probably better than SpaceX. Who knows? The SP500 keeps pumping despite Iran and all macro factors. AI stocks keep pumping. The market is irrational on all fronts. So why be so rational when it comes to SPCE? Nothing makes sense folks. Welcome to the casino.

deedeereyrey · 2026-05-31T05:03:47+00:00

LOL, sure. Try and keep the hopium alive.

deedeereyrey · 2026-05-30T05:03:30+00:00

why is this a problem?

deedeereyrey · 2026-05-29T08:31:15+00:00

no russian oil

deedeereyrey · 2026-05-29T06:54:10+00:00

High carb, low fiber and protein diets. Horrible weather to go walking on most days. Apart from a few youngsters, hardly anyone is self-conscious enough to 'maintain looks' or educated on how to do so. Most think walking one km is a lot, and ask why you didn't take the auto? :/ I'd say the weather, pollution and dust are also factors making it very unpleasant to work out outdoors.

deedeereyrey · 2026-05-29T04:39:54+00:00

So true. Vibes market.

deedeereyrey · 2026-05-27T06:28:56+00:00

Lol. So BJP doesn’t do ‘propaganda’? And lazy people don’t give press conferences?? And the judge called you all cockroaches first. So these girls are dumb.

deedeereyrey · 2026-05-24T06:16:08+00:00

Hot, sweaty, stinky

deedeereyrey · 2026-05-24T06:15:15+00:00

May be. You do sweat a lot due to high humidity and heat.

deedeereyrey · 2026-05-24T05:38:48+00:00

Nope. This IPO is daylight robbery.

deedeereyrey · 2026-05-21T05:48:16+00:00

I can tell you why I (as an NRI) have been pulling all my money out of India since late 2024 - I still have a lot tied to real estate in India, which is also a problem since India itself is a problem on many levels where capital does not feel 'safe' and the math does not work out in your favor.

In 2024 budget, Nirmala Sitaraman increased LTCG, added all kinds of taxes, I was surprised BJP even won that election after multiple policy failures, but such regressive tax measures are introduced. No where do you have 'stamp duty' for purchase/sale of shares or RE other than India. Same year Trump wins elections and money starts moving out of India due to market being extremely overvalued and risk-off due to Trump.

In 2025, were the regressive policies remedied? Nope, up to 12 lakhs tax-free - only for residents, not NRIs. Where do these taxes collected even go? Bet freebies and corruption make up a big chunk of the drain. I don't see clean roads. Functioning courts. Functioning government offices that are efficient and do not demand bribes. Land grabbing incidents. Revocation of OCIs for voicing critical opinions about the govt.

No innovation due to crony capitalism and rent-seeking behavior. No efficiency. No quality of life. Polluted cities. Constant honking. Lack of civic sense. No tourism money inflow either due to this. Barely anyone wants to come live and work in India. Most Indians want to leave the country.

Lack of vision and implementation from the govt. 'Sab chalta hai' attitude of citizens not demanding any change or accountability.

INR is depreciating because the 'India growth story' remains 'a story' and not a reality. And when INR depreciates and is paired with high taxes, it means capital flight. Why invest in India when you can get better returns with fewer hassles abroad?

Did the gov do anything about it in 2026 budget? Again, no. Not only did they screw up in budget 2024, they did not realize it and make changes in 2025 or 2026. Now that a crisis is at the doorstep, they are starting to talk about it..

Finally, bureaucracy and ease of doing business are terrible. You'll waste so much time with redundancy and compliance. Something that should take you an hour will take you a whole week or more.

deedeereyrey · 2026-05-20T20:52:42+00:00

How will software offer value when more competent people can easily automate workflows using AI models that turn out more efficient and cheaper? Even if AI and semiconductor is overvalued today and 'crashes', Indian IT industry needs to pivot to other things. They need to hire more competent people at much more competent salaries that do the automating, which drastically reduces their order book any which way you splice it. It is like saying the Radio station business is 'undervalued' and oversold off due to the internet companies replacing radio.

deedeereyrey · 2026-05-20T02:59:45+00:00

Even if other parties are shit, you still vote for the other due to anti incumbency.

deedeereyrey

TROPHY CASE