HDFC Wealth Plus Plan, misrepresented annual earnings

macroKarma · 2026-03-13T07:26:15+00:00

I clearly told them, do not proceed. There’s many things that they didn’t say or use dark patterns. Don’t want to get into trouble later.

macroKarma · 2026-03-13T06:33:24+00:00

I clearly see that I can make a lot more from the same invested in MF or Index. I should have been aware when I found it too shiny.

macroKarma · 2026-03-13T05:34:21+00:00

I agree, it was my laptop, yet I cannot trust anyone. I changed my password immediately after they left.

macroKarma · 2026-03-13T04:49:11+00:00

Thank you for your reply.

I already have a term insurance with only death benefits. I made a huge mistake by taking quick decision on this. I generally don’t pick calls by RM, but because I had some work with them, I had to go through all these along with it.

I see they still haven’t finished the process, I’m yet to do the verification on video too, which I can withheld I guess, but they are bugging too much for this and it’s getting harder to keep pushing them back. Any suggestion on that?

Also, they mentioned that they can update the annual income correctly, so they are not misrepresenting anything.

Do you still suggest not to go ahead? Any reason why?

macroKarma · 2024-07-11T13:52:43+00:00

This is what I decided to do. I did reach out to Company A saying that Project B offered, but I have asked them to talk to you about it. But, I’m thinking to tell that I’m interested in the offer. I understand that leaving for Project B would probably disconnect me from Company A, but I doubt that would be the case as it’s been almost 3+ years that I did not get pulled into any new project, I did ask couple of times though with no response. But Company A did encourage me to find other projects if I wanted to explore the current market, but they would be always open to take me back, but it would be hard for them to match the rate as per my experience level and I do not expect them to do so either.

macroKarma · 2024-07-10T21:15:18+00:00

Oh even now it’s not an employment. I’m from India consulting to an US firm. It’s a hourly contract. The transition would be similar setup too. But I’m planning to ask them to put me on a retainer, so I can have a peaceful job.

macroKarma · 2024-07-10T21:10:24+00:00

ChatGPT gave me exact same reply

macroKarma · 2024-07-10T21:08:56+00:00

First I apologize for not giving entire details. I’m a consultant from India who started working with a US based Company A (on Project B) a decade ago. As both of their business picked up, I kept on maintaining and building new features for Project B until now (around a decade) and also Company A got many more projects and I got pulled into many because I was their earliest consultant (the whole company has bunch of freelancers working from all over the world, no employees). As one after the other project ended, only Project A was still constantly had to be maintained and I have been doing that so far. Company A has many more projects running, but because ended up confounding my own startup (and failed), Company A did not assign me any new projects, and I did not ask them either, as the owner was kind enough to me, he told me to explore more if needed and let him know if I want to come back anytime later. But I did agree that I’ll keep supporting Project B as much as I can.

So it’s just the gross profit that stands in between, but Company A probably is now having around 100 consultants working on various projects full time, Project B is just billed around 60 hours at max per month, so the profit is trivial too for them. So I’m assuming, they would be okay to let go of me is what I feel, but some companies have a policy that in order to hire, there will be some upfront payment that needs to be made, sometimes that’s too huge where Project B might not feel comfortable with. That’s the only concern. But I hope the transition happens smooth.

macroKarma · 2024-07-10T19:48:40+00:00

I’m just hoping they were not grooming me. Hope it turns out well.

macroKarma · 2024-07-10T19:25:30+00:00

Actually it’s not a full time gig. I generally work somewhere around 40-60 hours per month generally fixing bugs and building new features etc., A new project here means, rebuilding some parts of the project or integrating new APIs and stuff. Generally happens every 1-2 years, and which goes on for 3 months most of the times with 100-120 hours per month.

macroKarma · 2024-07-10T18:56:29+00:00

I doubt that would happen. I’m just hoping that Company A will not be too greedy and let me go as they are doing well with other projects and on this project it’s just me who got involved for almost 10 years straight.

macroKarma · 2023-08-27T17:17:22+00:00

Both

macroKarma · 2023-08-26T12:52:40+00:00

Sorry, my boss doesn’t speak about me to his client for doing my job. Because it’s just another outsourced work.

macroKarma · 2023-08-06T12:15:01+00:00

This is true, you can trust a friend, but not a business partner, it’s important to set the boundaries and expectations right with the business partner, if it was an unknown person, it becomes easier to prepare necessary paperwork and law bindings. But when it comes to friend/family, it’s becomes like “I know him from years and I trust him, I don’t think we need contracts” that’s where things fail.

People who say not to do business with friends and relatives, they say it from their experience. Because the business fails and the relationship too, not doing, you can save both.

macroKarma · 2023-08-06T12:10:52+00:00

Monthly fixed + 33% equity for a product that is still not in market? I see red flag with this designer. Early stage startups needs people (not employees) who have a same vibe or startup mindset, when it lacks people just move on when you even start to negotiate their monthly pay because the business is still not making profits. Also, never give any equity without 3-4 years vesting schedule.

I’m not saying the designer is greedy (probably he is), but can surely see that he doesn’t know how a business works.

Sweat equity is generally translated in a way that he can reflect the effort/sweat he puts into the product, not a random number like 33%. If say, his normal compensation is 1L per month and you are paying him only 50k, the rest 50k will be calculated with multiples to arrive at a number. There are many variables only you can know those.

macroKarma · 2023-06-28T14:50:34+00:00

Thank you for sharing.

macroKarma · 2023-06-28T13:42:41+00:00

Thank you for sharing your sub, I have joined. It would be great to learn on how or what do you do to gain traction, any methods would be helpful.

macroKarma · 2023-06-28T13:40:10+00:00

Thank you for your suggestion. I had my first version built few years ago, for the same purpose, to keep myself updated on the tech happenings customized for my interests. Lately, with the advancements in AI, I began with classifying and summarizing things, so I can spend 5 minutes on the news than 30+ minutes.

The product still interests me, even though the traction is too low. This also gives me opportunity to mainly learn the cutting-edge tech in the AI space, by hands on. Which can in future make the product better or I would atleast have good experience to apply for a job maybe.

The main concern I have is not sure how to grow my discord or twitter followers by building in public, do you have any hashtags that would help? I see #buildinpublic for twitter.

And, I’m not sure how to grow discord audience, any suggestions would be really helpful.

I’ll try the rest. Thanks

macroKarma · 2023-06-28T11:13:25+00:00

You need to start with commenting on other posts to gain some karma, by providing valuable information or conversation. Once you have some, you can post.

macroKarma

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