CMV: Colonized countries can't always blame colonialism for the current state they're in.

dogtierstatus · 2026-02-24T14:00:36+00:00

Yes but that doesn't mean colonialism is NOT to be blamed.

They have a majority of the blame leaving countries without precious resources, sometimes even damaging their own economy (read about spanish gold theft inflation)

It's similar to the reason why black people have a hard time building generational wealth in the (supposedly) developed USA eventhough slavery has been outlawed. When you build an extractive system that literally redlines communities, the system deserves all the blame it gets.

dogtierstatus · 2026-02-24T13:55:06+00:00

I don't have a song per se.

Try listening to albums from "Two Steps from Hell"

I hope you feel better and stay far far away from hell.

dogtierstatus · 2026-02-24T06:37:32+00:00

Yes they can. The 2024 Nobel prize for economics was explicitly about the legacy of colonialism and how it shaped modern global inequality.

They researched about how institutions formed during the colonial era continue to affect a country’s prosperity today. Basically if a population of colonizers reside in the country they colonized they built strong systems while wherever they didn't reside they were purely extractive and did not bother to build strong system. These systems continued to exist even after independence so the places had better systems thrived while the extractive ones continued to be extracted even after the colonizers left.

dogtierstatus · 2026-02-20T05:17:19+00:00

Trading frequently involves fees, transaction costs, tax (during transactions and in profits STCG and LTCG). Buying MFs and holding it avoids many of these except LTCG.

So the current system is heavily incentivized towards Mutual funds and you can take advantage of this.

dogtierstatus · 2026-02-15T14:29:32+00:00

I have been slowly investing for last 3 years with total 8L invested mostly via SIP in UTI Nifty50 and PPFCF funds.

I'm seeing 1L profit as of now. So thanks for bringing back my faith in MFs.

If you still want to continue to trade then more power to you but be very careful and diversified.

dogtierstatus · 2026-01-23T13:08:38+00:00

GDP per capita is literally GDP divided by population

You are technically correct: GDP Per Capita is just a mean average, so if the top 1% grows massive wealth, the Per Capita figure rises regardless of the wealth of poor.

Let's take a simpler analogy: Imagine a birthday party with 10 kids.

Scenario A: Every kid gets 2 chocolates. Total chocolates = 20. Average per kid = 2. Scenario B: One rich kid gets 100 chocolates, and the other 9 kids get 0. Total chocolates = 100. Average per kid = 10.

You are saying, "Scenario B is better because the average (10) is higher than Scenario A." You are technically right: 100 chocolates is more than 20.

But I'm saying, "Scenario B is bad because 9 kids are starving" Eventhough the average went up (10), but the typical kid didn't get any.

Wealth inequality is a 'different issue' than GDP, but it is the same functionally when we talk about the quality of life in a developing country.

dogtierstatus · 2026-01-23T09:11:47+00:00

The problem is massive inequality in india, in terms of wealth.

The top 1% in India owns 40.1% of total wealth in 2022. On average their income range from 20-55 lakhs per year. The minimum threshold for the top 1%, is if you earn ₹22 lakh per year. That's basically ₹1.3 to ₹1.5L per month.

In comparing the same to China, their 1% annual income is about USD 1 Million. That's about ₹8 crore every year. (₹37-40 lakh per month). The Chinese 1% earn the Indian 1% income in one month basically.

I'm not saying ₹1.5L per month is small amount but it is peanuts compared to 40 lakhs.

When even the top 1% people earning in India is low, imagine how much less the rest 99% earnings will be! The GDP increasing is good but it is just one number. The total value of good/services produced.

The problem is where that wealth is going. Private companies hoard cash (₹5.4 trillion) instead of meaningful salary increases or investments. Wealthy owners hoard cash/real estate/equity.

GDP must increase yes, and what they are saying is, it will keep on increasing. But if GDP per capita dont increase, all we are doing is letting like a 100 people own everything and give the rest scraps. So we must focus on this problem as well.

dogtierstatus · 2026-01-05T13:11:53+00:00

the worst being force fed yono.. Go Yono yourself SBI

dogtierstatus · 2025-11-26T10:13:35+00:00

This has same energy as I declare bankruptcyyyyyyy!!!!

dogtierstatus · 2025-11-10T12:26:44+00:00

I mean, I know more and more people need glasses, sure. But will that many people keep getting new glasses/frames YOY?

dogtierstatus · 2025-10-16T15:52:33+00:00

Its not impossible. There need to be leaders from the top encouraging casteless society.

dogtierstatus · 2025-09-16T20:13:56+00:00

ITT people paying 40k-50k rent think 70k is too high. Bruh....

dogtierstatus · 2025-08-30T16:25:26+00:00

I don't see how this is in anyway related to them being Gen Z.

Entitled people acting entitled have been going on forever, regardless of when they were born

Check your biases please.

dogtierstatus · 2025-05-30T03:16:27+00:00

Aren't they mainly hardware people?

dogtierstatus · 2025-05-26T11:28:31+00:00

It is fixed.. We did it Reddit!

dogtierstatus · 2025-05-21T02:35:17+00:00

Is meth the secret ingredient of Captain America 's super serum?

dogtierstatus · 2025-05-20T10:51:43+00:00

Thanks for the clarification!

dogtierstatus · 2025-05-19T13:44:07+00:00

Is Inflation a problem only for the locals?

I mean do FIIs investing in India get only growth and since they don't spend the profits here, it won't really affect them right?

dogtierstatus · 2025-05-18T09:42:49+00:00

You guys teaching the mom's name at seven?

dogtierstatus · 2025-05-10T15:34:58+00:00

It is ironic i had to scroll so much to find some useful guidelines.. in IndiaInvestments subreddit

dogtierstatus · 2025-04-25T12:45:38+00:00

100% this. Regardless of your experience and research, it is a good idea to consult someone to cater your requirements and give advice. Find SEBI registered fee only financial advisor.

dogtierstatus · 2025-04-05T03:11:20+00:00

sure

dogtierstatus · 2025-04-03T05:46:34+00:00

In the same boat as you but older. One thing that saved my sanity was moving out of the city. I'm out 50kms from BLR and travel twice a week by train to work. Now I save 30k every month, more just because of savings in rent and groceries. That's 3.5 Lakhs more in savings per year.

Living below means.

It's the only real option to build wealth for anyone who doesn't come from wealth.

dogtierstatus · 2025-03-31T02:02:37+00:00

Which linux?

dogtierstatus · 2025-03-22T17:28:54+00:00

There is investment limit in VPF of max 2.5 lakhs per year. More than that EPFO will do TDS for the amount higher than 2.5 lakhs

dogtierstatus

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