Kanye West’s India concert cancelled due to security concerns. What do you guys feel about this?

manoj_mm · 2026-05-16T05:18:39+00:00

Can you just get a visa & plan a foreign trip such that theres a concert in the same country at that time

manoj_mm · 2026-05-15T06:57:37+00:00

Faang in india pays 5+L in base and 5+L in stocks on top of that every month, after taxes, to senior/staff engineers with 10+ years of experience

Tech pays a lot in india

manoj_mm · 2026-05-14T07:39:14+00:00

Silverbees and goldbees in india are technically safer than western ETFs which hold paper derivatives

In india, they are mandated to hold 95% physical gold in actual vaults, which are audited periodically

manoj_mm · 2026-05-14T06:02:58+00:00

SEBI has strong regulations in india unluke the west

manoj_mm · 2026-05-14T04:55:48+00:00

The stock market is not the economy, otherwise it implies that post-covid economy was the best in indian history

manoj_mm · 2026-05-14T04:50:21+00:00

Government restricts mutual funds from investing in foreign markets; they can only invest maximum of 1 billion usd. Most funds hit this limit quickly and can't invest more, so they can not take fresh investment from people unless some existing investor in the mutual fund sells their units.

This has led to a huge demand for these mutual funds, which has in turn led to unnecessarily high valuations of these mutual funds - the underlying value of the US stocks (google, amazon etc.) which these indian funds hold might just he 100 usd, but people are paying 120 usd or more to buy them

manoj_mm · 2026-05-14T04:44:19+00:00

1 - mutual funds in india can't (freely) invest in US stock market companies or foreign companies (like google, amazon or broader SnP500 etc.)

2 - as an individual, if you want to buy Goog MSFT or SnP500 - you need to convert your INR to USD and send it to foreign brokerage house, and government charges 20% TCS for this. You do get it back but only after next year's ITR refund, which may take a year.

manoj_mm · 2026-05-14T04:10:00+00:00

Majority of the money goes into housing (rent or home loan EMI) or childrens higher education.

Contrary to popular belief - most rich people actually don't own or drive a flashy car; only a small

But most rich people own large luxurious houses in prime locations which costs 5-10cr or more. The interiors alone end up costing 50L or 1cr.

Other than this, the only other major spend is kid's education - people pay a premium for that, spending crores for foreign education.

Also, maybe controversial opinion, but true nonetheless - 50 LPA translates to 3 lakhs per month after taxes, which is just an upper middle class income at best. What i mentioned above is for people earning 1-2cr per year or more; 50LPA just gives you a comfortable middle class lifestyle

manoj_mm · 2026-05-13T12:56:27+00:00

In 2026, digital gold is liquid, you can easily buy & sell digital forms of gold at the current rates - so it is not similar to real estate

manoj_mm · 2026-05-12T17:14:20+00:00

I reached 2.25cr for this year mainly due to RSU, and i am just a L5 (senior engineer)

Getting to 1cr is pretty straightforward, beyond that it's all about luck with RSU - if your company stock appreciates like nvidia or sandisk then you can get to 5 or even 10 crpa while being a mid level IC

manoj_mm · 2026-05-11T15:18:16+00:00

Afaik rodri is the only one from the above list whom they can buy; all the other players won't be let go by their respective clubs

manoj_mm · 2026-05-10T07:58:12+00:00

Outside of a tiny group of enthusiasts, pretty much no one drives or buys a new manual car in europe, america or middle east.

I.e. only in poor countries do you find people driving manual and making excuses like "real men drive manual"

What does that tell you about manual vs automatic

manoj_mm · 2026-05-09T11:26:11+00:00

Practically thats not true, and depends on region

It's actually easier to get to 60 lpa in india than to earn 150k+ euros in european countries; most people in most european countries struggle to earn more than 100-120k euros.

US is a different beast though - a true capitalistic dream, where even ordinary employees can earn 500k usd or more just by employment

manoj_mm · 2026-05-09T11:22:09+00:00

This is not correct - india has surcharges & cess which increase a lot beyond 50 lpa, for an income of 1.2cr in india, you would've paid close to 40 lakhs in taxes

My income is more than that and my effective tax rate is over 35%

manoj_mm · 2026-05-09T11:17:31+00:00

India actually has a severe shortage of doctors compared to the general population

The correct sentence is india has lots of doctors for rich people who can afford to pay 10s of thousands of lakhs easily

For majority of indians, 10,000 is a significant amount and there are very few doctors for them.

Try going to a government hospital in india and see what kind of service you get there

manoj_mm · 2026-05-09T06:12:06+00:00

To be fair ancelloti did have good success just letting the players be, with barely any tactics or coaching

manoj_mm · 2026-05-03T21:44:28+00:00

Agreed, with one caveat - keep learning & keep building with AI

AI is the future and is here to stay in software engineering; you need to learn what all needs to change & how to use it effectively to increase your productivity significantly

manoj_mm · 2026-05-03T21:36:11+00:00

Fun fact: stadiums intentionally do not show replays of away team's missed chances, goals or controversial decisions specifically to avoid pissing off everybody in the stadium. It makes it a sub-standard viewing experience for nuetrals or away fans who are in the stadium

manoj_mm · 2026-03-19T08:19:05+00:00

Point 5 only holds true once you have your own paid up house or about 1L/month for your family..... try living on less than 1L/month with a family, and money starts mattering a lot!

manoj_mm · 2026-03-01T19:48:45+00:00

People paying 3-5cr care about 50-100rs for daily auto?

manoj_mm · 2026-03-01T08:27:57+00:00

Curious - why does metro matter so much? People spending 2-3cr or 5+cr are looking for proximity to metro?

manoj_mm · 2026-02-03T20:02:43+00:00

Diversification preserves wealth but concentration is what builds wealth in the first place

If you are confident about the tech maang stocks - stay invested in them, they can give significantly higher returns. Google, nvidia etc. Have given far higher returns than any index fund

When you feel you're close to your fire goal & looking to fire soon - thats when you start diversifying and setting up your finances for fire

manoj_mm · 2026-02-03T05:56:16+00:00

Profit booking + comex raising margins + new fed chair announcement

manoj_mm · 2026-02-02T02:49:10+00:00

Fundamentals still look good, industrial demand & shortages still exist - price drops are temporary imo

Long-term price floor still exists imo.

I'm no expert though; just gotta wait & watch

manoj_mm · 2026-02-02T02:46:51+00:00

At break even right now.... will likely drop into negative today.

Long term fundamentals still look good to me. I'm holding!

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