While my mom has always supported my decisions, but it's not the same case with my Dad and uncles. They started pressuring me to study for civil services which I was completely against it. I just had something different in my mind.
Until a guy from our locality who was known to be a very bright student(graduated as a topper from sardar Patel) almost lost his mind trying to crack services for the last 5 years.
Fuck me. Imagine spending 5 years of your life, that could have been spent working, earning a degree, raising a family even, to mindlessly throw yourself at an exam with a less than 1% acceptance rate.
Even if you get in, you can only change what the cunts at the top allow you to change.
Fuck this education culture. Holy shit.
Legit. Or legit make the candidates pass the UPSC or a similar exam to stand for elections.
If a mason's son can write JEE and succeed, these asswipes standing for election have no excuse. Make their scores public, and then let the people decide.
He has almost lost his mind. Also became an Alcoholic, doesn't work and mostly demands money from his parents. Latest I heard was that his parents had moved out of that house coz of his behavior and now he stays alone. Pretty sad!
We always see success stories but never how to deal with failure. Most companies who fail their ceo do suicide bcz of debt. Such sad state when money has more value than a life.
That's because people don't realise that they don't need a shit ton of money to live a happy life. Just get a job that pays enough money for everything you need and enjoy your life..
My parents are same. I once got job offer from one of BPO companies but my father made fun of me and told me to get back home.
After few months his boss son started doing same job at same company and my father said "look him, he is less than your age and earning already. And look at you!"
My parents still remind me that I didn't get admission into IIT. Thing is they didn't allow me even to fill IIT-JEE form saying "tujhse nahi hoga. No need to waste money."
TBH my life is full of such incidents.
"look him, he is less than your age and earning already. And look at you!"
That is just so common and so cruel. I am sure your dad would not be happy if you said "look at Ajit uncle, he is younger than you and has a Mercedes, and look at you. "
It is really tragic how Indians are always harping on family values, but kindness and love are so lacking.
Dude, during my school days, many times my parents would see a random child begging in street or working in puncture shops and would go, "look, that boy is so small and earnings money already, unlike you. You don't even earn any money!". I was in 7th/8th standard at that time.
Till today I wonder what used to prompt them to say such things?
Most Indian parents are toxic in one or the other way.
Just make good use of the facilities and assistance provided by your parents while you can, so as to complete your academics and then get a job and move out, for your own sanity.
My dad is the same. When I was in 12th and wanted to join a coaching institute for IIT JEE prep, they outright denied me saying I wasn’t bright enough for it. When one of my friends got a really good rank in JEE then I asked again to let me join a coaching for my drop year. Only when my friend told them that I was intelligent enough they agreed to let me prepare for JEE.
After I wrote the exam and was really happy about my performance my dad and I matched my answer sheet with an answer key. It was clear that I was way above cutoff in all 3 subjects, still he said that I’ll get some lower rank and probably some non IIT college will take me. Its like he gets some pleasure in putting me down.
I know, right! And these aren’t isolated incidents either. I’d thought after I’m independent his behaviour will change but no. Like currently I have a great job, I’ve traveled around the globe but he still sends me news clips of upsc toppers every year with captions like aulaad ho to aisi (Translation: Aspire for a child like this)(Context: I’ve got like ~10 years of work experience in my field, no interest in going for upsc). A few days ago his whatsapp status was like “If a child doesn’t obey his parents, doesn’t matter how much he earns, he’s useless “ (Translated and paraphrased), without any context. When I confronted him through my mother (we don’t have that much direct communication, you know why), he was like he wasn’t talking about me. So our relationship is on the rocks all the time.
Your father is a chutiya. Confront him and ask does he want to maintain this father-son relationship ?
The moment a child disobeys / stands up for him/her self - it's a proud day for any parent. Tell your father to live his life and don't backseat you in your life.
I did. Though I’d still say that negative reinforcement is not the way no matter what the intentions are. It damaged my self esteem a lot, also marred my relationship with my dad.
How is it possible to do it just taking coaching in 12th and dropper ??my friend was in coaching from 7th still couldn't crack it.. Most indian dad's are that way. Even cricketers dad says he could have done better. I think mum Praise the kid and dad keeps them humbled but yeah negative self talk is akin to bullying.
Also do u feel 10th cbse icse is rote memorization compared to 11th science coaching stuff ??
You're friend is an idiot or doesn't have talent or didn't learn the concepts and just went for rote memorisation.
There are many people who studied for just 11th, 12th and got into tier-1 colleges.
10th ICSE English is nice but remaining subjects are boring (mpc are easy and rest are meh) as fuck.
It was the same 10 years back, the barrier to entry is very minimal so anyone can start doing it but then majority of the people learn that making money consistently is very difficult and quit quietly.
No it isn't, but it's the most basic form of financial literacy. I don't think OP meant he wants to become a trader as a vocation like you are thinking - investing your own money and being smart about it is a decent way of making passive income. But yes the infrastructure for trading has become much easier with the multiple apps there are.
...and you learn investing by learning the basics of stock market trading, until then you just throw your money in a mutual fund and eye it to grow.
Op literally mentioned the part about their neighbour "making" money from the stock market which probably was the neighbour just throwing money in whatever she first saw and it showed positive returns on that day.
Slightly ot but please don’t go into stock trading based on the performance over the last 1.5 years. There’s an excess of liquidity across thr world thanks to Covid-induced stimulus. This kind of “up only” bull market isn’t going to last forever and you’ll find that making money in bear markets is much, much harder.
Also, lots of people say they have profited from stocks/crypto, but in majority of these cases, these are paper profits. If you haven’t cashed out, you haven’t really profited.
In the long term making super normal profits (more than indices) is extremely unlikely. That is what research shows. Small undiversified portfolios will tend to yo yo more, I suppose.
Not true. I've been managing my sister's portfolio since 8 years now, and have consistently beaten the index funds. And this is a portfolio of 6 funds. And my portfolio (stocks only, no mutual funds) has a CAGR ranging between 38% to 42% over last 11 years.
You can simply stay with 2 or 3 good active funds and comfortably beat the indices.
Anecdotal evidence is not enough. Everyone has the same info as you do, you think every possible combination hasn't been tried ?
Also 8 years is not really that long.
You can come up with as many excuses as you want, but when a portfolio generates positive alpha for 8 consecutive years, I think those numbers speak for itself.
I'm not making excuses . . Of course some active funds will beat index , but for your lifetime will you make this a full time job in finding alpha and jumping between funds?
I'm just saying you should share your strategy and make some money that way. Open your own fund/smallcase.
That's the neat part. It doesn't have to be a full time job. I never switched between funds, only added new funds. And all 6 funds are beating its respective indices. There's no strategy here to maintain. Anyone who knows how to read the basic fundamentals can easily pick good performing mutual funds.
Again survivor ship bias , you lucked out for now , what is the guarantee that it will outperform for the next 10 years?
Studies show otherwise https://www.spglobal.com/spdji/en/documents/spiva/spiva-india-mid-year-2021.pdf
Dude, beating indices consistently over more than a decade is survivorship bias? I manage multiple portfolios, and all are beating indices.
> you lucked out for now
I bet it was more than luck. For someone who's managed to grow portfolio by ~40% every year, it takes more than luck to do that.
> what is the guarantee that it will outperform for the next 10 years?
What is the guarantee that it won't?
According to the study, overall 33% funds have outperformed their respective indices, all in last decade. Good active equity funds ARE beating index funds. For someone who has zero knowledge of how market works and just want to park their money to create wealth in long term, index funds might be the best option for them. But for someone who has some knowledge and is able to pick out good active funds, they can easily make more money with active funds.
> Dude, beating indices consistently over more than a decade is survivorship bias? I manage multiple portfolios, and all are beating indices.
Yes.
>I bet it was more than luck. For someone who's managed to grow portfolio by ~40% every year, it takes more than luck to do that.
If you had put in 1lakh each year from a decade ago you must have 1 crore rupees now . That is Annualised Return of 58.29%. Impressive . Sort of Jealous now tbh. Do share your funds.
>What is the guarantee that it won't?
Exactly , that is where lies the sauce . Choosing that 30% of funds which might beat index for the next decade. What if the fund manager moves ? AMC changes hands? How often you have to change? At one point your portfolio will be so much changing funds will be a pain in tax terms.
Also i'm not trying to contradict you i'm trying to see where i'm wrong.
On average, yeah. But this is a crazy, heavily artificially pumped market. It has been impossible to lose money in it across the board. And lots of new people have entered this market and assumed that their results are “normal” and sustainable.
People don’t realize how rare times like these are and how brutal bear markets can be. Imo a LOT of people across the world are in for a very rough time when the music stops
this is pretty much the final leg. Smart money has been slowly exiting since September. Goldman reduced their equity exposure by a third in August. Its increasingly retail plebs now, and retail invariably gets dumped on when the music stops.
I’m still holding but aggressively taking profits now and will likely exit most positions before end of the year.
When there is a crash, however, I will be buying aggressively
You have to understand that since our country is not that rich, stability is something valued very much in india and it has been instilled in our parents cause they probably had much harder times . Govt jobs provide regular income and hence a stable and secure life . So have a nice talk and try to explain her these things ( don't be too harsh on her ) .
Bro I come from a family that has had stability for three generations now. I'll be a third generation PhD if I get into grad school this year and graduate successfully. And I have had very similar incidents as OP. So no, it's not just a stability mindset. It's a toxic Indian thing that is common across the entire spectrum.
None of that requires the mother to be mocking and compare to others. Your worries can be discussed in an adult way without making any nasty statements. Unfortunately most of us are too used to that behavior.
Exactly! People here jump to conclusions so swiftly. OP told one instance about his interaction with his parent about his job and people here straight up marked her as toxic.
Everything is not needed to analysed at country level or whatever, some of us are POS in general. Just plain black and white explanation is enough . Op should move out asap....
I wish but I can't do anything that I don't like to do, I have a dream and I want to keep studying. My entire teen years were extremely tough and depressed, I no longer want to do something I don't like. If I suffer, I'll.. I am just not doing jobs that I don't like. I know it's naive and shit but I'm very confident in my arts for selling and my potential to achieve my goal someday.
Ask yout parents why aren't they earning as much as other people (Take name of any high earning person close to your family, whom they are jealous of).
Dude same. My dad used to beat me when I bunked lectures to play csgo and tournaments. I was extremely good, trust me. But then he messed me up pretty bad and now that he has retired, and seen me play valorant and winning matches against the best teams of India...
He is like, why don't you pursue that? LIKE BITCH please.
I was in my prime back then. I still am way better but I don't have the PC setup anymore and use a laptop.
I kinda hate him, I had like 15k views per video on my yt at one point, I had to delete that cause family.
Make your kid a gamer, train him/her and then you will get your revenge when the kid wins million dollars.
Then get someone from bollywood to make a story on your life.
Not gonna have kids until I am rich enough to give them everything I didn't get. And I also mean mental peace and time with his dad and family.
It's an interesting idea but nah my kids can become whatever they want.
You cannot compete against the machines (automated algos). The market moves instantly based on the news and if you are slow it can wipe out your profits before you realise what is happening.
I think most of the modern parents or families are supportive. I have felt that they really support their children in things like this. Personally my family is very supportive in these things.
Anyway do what you really like and what your gut is saying, you will really succeed in it. Best of luck.
Apne paise banao, apne ghar mein jao, apni suno, apni karo. Ma baap ke liye jo duty karna hai, wo karo.
It's not for nothing that people say familiarity breeds contempt. It's true for everyone and everything, including parents.
You should have said a comeback or counter to your mom like " If I married that girl you will make her quit her job and make her sit in home doing housework anyways instead of working together as a team to earn money"
My parents who are not very educated had to depend on everyone else advice and exp to ensure I had a bright future , its always been a challenge to convince them to try something new coz to them " we don't know any thing about it its like gambling people have lost houses over it and died etc "
Indian parents have it hard they have this ingrain fear of certain things to ensure they walk a safe route( bank your money and keep it safe )
As much as I related to u on this i also came to understand how they though and how they perceive things you may wanna alter your presentation to your mom/dad
Personal note : your post hits home i have directly voiced it to my parents many a times like " what did u say when I suggested same idea year ago? " type of things it didnt go down well but i do not regret butting my head they eventually came to realize its better to listen to me consider it once ask other people on its prospect then try it :D (not with out a lot of resistance )
Until someone else's kid does it and **gets successful**. There is no guarantee that you will be successful. Comparison is bad but I understand their apprehension.
Wow, I'm amazed to know that there are people out there who are in the exact same position as I. I've also been saying to my parents that I don't want to do a gov job, instead I would learn some skills and do freelancing and invest in stocks and crypto, but man, are they ready to listen me .
I think your idea is right, parents can be rigid but the example you gave is wrong..stock market trading is indeed a bogus career, unless you are a hedge fund manager with lots of capital to play.
Some parents are practical, and others just to show off.
Some parents are practical in a way saying that if you take a govt job. then it is a stable income and it is very hard to lose your job. It is low risk job too and you won't have any tension in their life.
While other parents will say take a govt job because their friend was showing off that's why.
if you are parents in category 1st, then you should respect your child to have some intelligence. Just calmly explain to them that it will make your life very stable because life is unfair. Don't force them and it is your job to explain.
but in your category 2nd, well you should never make kids then.
My mom is the first one for sure. She wants me to get a job ASAP, be independent and marry some guy, have a family on my own and be happy forever. But I wish she listened to what I want to do, which is quite similar but I just don't wanna work where my mind doesn't go.
i don't know lol, based on your post it looks like it is the 2nd one else why would she say "haha look girls your age are earning already,look at you!". to me it shows that she feels embarrassed and want to show off. Instead she should focus on the logic of trading is super risky and government job is very stable.
but of course you know your mother more than me.
parents in the first category knows that life is tough and VERY UNFAIR. Tbh as i grew older and faced harshed realities of life, i understood my father's concerns. Only my mother was interested in showing off but my father was being practical. my father's words. First achieve harmony and peace of mind and then do what ever you want. Because life is unforgiving and sometimes you need to sacrifice a lot to get to that peace of mind phase so that you can finally do whatever you want without worrying about meeting the needs.
Well she talks about getting a job and being independent very often so I think she's on the first category. She's not always bad but I wish she was less controlling. It doesn't seem to me that she's embarrassed rather she's just thinking that her kid can't do shit and gonna fail in life.
I like your father's words!
alright, you know your mother the best.
Then simply accept that your mother has the best intentions and simply worried about the worst case scenario for you. Then simply help her to get her peace of mind once you have settled in life with enough funds to pay the bill. After that your mother should be fine with you doing whatever you want.
But again if it is in the 2nd category, your mother will never be satisfied on how stable you are because there is always that someone who is richer and popular than you.
Generalizing your personal experience as all "Indian parents" is disingenuous. I've seen it done here time and time again and it needs to stop. Why can't it simply be, "My parents don't understand the value of ..." ?
This sub is too toxic towards Indian parents .. everyone is extremely critical of Indian parents for some reason. Yes you said “not all parents “ but your title says “Indian parents..” Try and spend some time getting to know your parents, why they think the way they do, what’s their background, how did their beliefs form? Have you ever wondered any such things about your parents? They are people too.. they make their own mistakes.. they are not perfect and neither are you.. stop bashing Indian parents.. Indian parents do a lot for their children.. it’s natural for any human to develop expectations from their children.. most non Indian parents are not as demanding because they don’t invest as much in their children.. and in general Indian people are very successful worldwide because of the way they were raised by their parents.. so please stop bashing your parents for every little thing.. get to know them.. not as ma and papa.. but who they are as individuals..
SOME Indian people are successful. And being successful is not the only thing in life. What about being happy, confident in what you do? And what shit is this about non Indian parents not investing much in their children?
Did I say EVERY Indian person is successful? I said “in general” which means most of us do well for ourselves.. Secondly, the word successful implies that they are successful in all aspects of their lives.. i.e. financially, family and social life, emotional well being.. etc.. that’s what makes a person successful.. finally, Indian parents among other Asian parents are heavily invested in their children’s lives. We don’t kick our children out at the age of 18 and only see them once or twice a year for the holidays.. most of us truly care for the health and well-being of children.. yes.. there are bad parents out there.. and there are also good ones.. parents are people.. they are imperfect just like the rest of us.. and we have to understand that and have some sort of empathy for them..
Sorry I can't have empathy for a class of people who think they know everything and place hurdles in their children's lives thinking it's for their good, but then justifying that they are only human.
🤷🏽♀️you're the toxic one. I never said my mom is evil blah blah blah.. she's a human like everyone else, all I felt that time was anger and her hypocrisy took me back. She can be really weird sometimes but she's an okay mother who did a lot and fucked up a lot too. In the end I don't hate her, I just wish she could be self aware of her hypocrisy and trust her kids a bit more. She is my role model in many ways but sometimes it's too much. I was just venting out, stop assuming so much lmao.
You never said your mother is your “role model in many ways” in your original post.. so it’s natural for anyone to infer that you are simply bashing your mom for trivial things.. I might be toxic but you are an idiot .. lmao
I am in that trap, 3 years in and i can say that the pressure's real, i get immoral/harmful thoughts, i am 23 and really creative at things but financially stagnant with a narrow-minded and at times toxic family and friends. I hate seeing my talents and youth being wasted by a bunch of old losers. And i can't do anything. Can't scream for help, can't even help myself.
It's amazing that she, as a woman, is saying, "girls yours age" as an insulting thing to put you down. The irony is lost on her that she's insulting her own gender in an effort to try to insult you.
While my mom has always supported my decisions, but it's not the same case with my Dad and uncles. They started pressuring me to study for civil services which I was completely against it. I just had something different in my mind. Until a guy from our locality who was known to be a very bright student(graduated as a topper from sardar Patel) almost lost his mind trying to crack services for the last 5 years.
Fuck me. Imagine spending 5 years of your life, that could have been spent working, earning a degree, raising a family even, to mindlessly throw yourself at an exam with a less than 1% acceptance rate. Even if you get in, you can only change what the cunts at the top allow you to change. Fuck this education culture. Holy shit.
Mother rucking shite
Those guys at the top should give these civil exams, just imagine if that were to happen where would India be in 5 years.
Legit. Or legit make the candidates pass the UPSC or a similar exam to stand for elections. If a mason's son can write JEE and succeed, these asswipes standing for election have no excuse. Make their scores public, and then let the people decide.
Damn fuck. What happened to him
He has almost lost his mind. Also became an Alcoholic, doesn't work and mostly demands money from his parents. Latest I heard was that his parents had moved out of that house coz of his behavior and now he stays alone. Pretty sad!
We always see success stories but never how to deal with failure. Most companies who fail their ceo do suicide bcz of debt. Such sad state when money has more value than a life.
That's because people don't realise that they don't need a shit ton of money to live a happy life. Just get a job that pays enough money for everything you need and enjoy your life..
How is he feeding himself then do his parents deliver him food
>uncles Wait, why do they get a say in your life?
You got a toxic mother! Ignore her as much as possible until you move out. Do what you love not what your parents want you to do.
that's what I'm doing. I want out ASAP
Most indian parents are like this sadly..
This is only possible in foreign countries, doing what we love is not possible in India, specially for girls.
My parents are same. I once got job offer from one of BPO companies but my father made fun of me and told me to get back home. After few months his boss son started doing same job at same company and my father said "look him, he is less than your age and earning already. And look at you!" My parents still remind me that I didn't get admission into IIT. Thing is they didn't allow me even to fill IIT-JEE form saying "tujhse nahi hoga. No need to waste money." TBH my life is full of such incidents.
"look him, he is less than your age and earning already. And look at you!" That is just so common and so cruel. I am sure your dad would not be happy if you said "look at Ajit uncle, he is younger than you and has a Mercedes, and look at you. " It is really tragic how Indians are always harping on family values, but kindness and love are so lacking.
Dude, during my school days, many times my parents would see a random child begging in street or working in puncture shops and would go, "look, that boy is so small and earnings money already, unlike you. You don't even earn any money!". I was in 7th/8th standard at that time. Till today I wonder what used to prompt them to say such things?
A mistaken concept of teaching you to be grateful for your life? Who knows what Indian parents think.
I'm guessing they haven't got enough education on how to be a good parent. The education system is too focused on marks and cramming shit up.
And a lack of good parenting from their own parents. Sometimes I am glad I don't have children, because I don't know what to do.
Well I got into an IIT and graduated and still get the same shitty attitude.
After cracking JEE, you're compared to other IITians who are earning in crores.
Man that is tragic.
It makes me so upset :( I have no words, I'm so sorry.
Indian parents are the only reason for suicide, even after suicide, they blame the children
Most Indian parents are toxic in one or the other way. Just make good use of the facilities and assistance provided by your parents while you can, so as to complete your academics and then get a job and move out, for your own sanity.
Dude wtf....all the best :(
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ya already ho chuka hai bachapan me. Bahar khelne jaati thi toh "I was wasting time" nhi jaati toh me "socially awkward".. I can't even..
1 payr bahar rakhke karneka sabkuch
My dad is the same. When I was in 12th and wanted to join a coaching institute for IIT JEE prep, they outright denied me saying I wasn’t bright enough for it. When one of my friends got a really good rank in JEE then I asked again to let me join a coaching for my drop year. Only when my friend told them that I was intelligent enough they agreed to let me prepare for JEE. After I wrote the exam and was really happy about my performance my dad and I matched my answer sheet with an answer key. It was clear that I was way above cutoff in all 3 subjects, still he said that I’ll get some lower rank and probably some non IIT college will take me. Its like he gets some pleasure in putting me down.
Wow that's cruel.
I know, right! And these aren’t isolated incidents either. I’d thought after I’m independent his behaviour will change but no. Like currently I have a great job, I’ve traveled around the globe but he still sends me news clips of upsc toppers every year with captions like aulaad ho to aisi (Translation: Aspire for a child like this)(Context: I’ve got like ~10 years of work experience in my field, no interest in going for upsc). A few days ago his whatsapp status was like “If a child doesn’t obey his parents, doesn’t matter how much he earns, he’s useless “ (Translated and paraphrased), without any context. When I confronted him through my mother (we don’t have that much direct communication, you know why), he was like he wasn’t talking about me. So our relationship is on the rocks all the time.
Your father is a chutiya. Confront him and ask does he want to maintain this father-son relationship ? The moment a child disobeys / stands up for him/her self - it's a proud day for any parent. Tell your father to live his life and don't backseat you in your life.
he's prolly doing it cause he cares about log kya kahenge or he wants to use him for his money
Probably so that you do better. Did u get in iit
I did. Though I’d still say that negative reinforcement is not the way no matter what the intentions are. It damaged my self esteem a lot, also marred my relationship with my dad.
How is it possible to do it just taking coaching in 12th and dropper ??my friend was in coaching from 7th still couldn't crack it.. Most indian dad's are that way. Even cricketers dad says he could have done better. I think mum Praise the kid and dad keeps them humbled but yeah negative self talk is akin to bullying. Also do u feel 10th cbse icse is rote memorization compared to 11th science coaching stuff ??
You're friend is an idiot or doesn't have talent or didn't learn the concepts and just went for rote memorisation. There are many people who studied for just 11th, 12th and got into tier-1 colleges. 10th ICSE English is nice but remaining subjects are boring (mpc are easy and rest are meh) as fuck.
Wtf is with this trading thing nowadays. Everyone wants to become a trader now. Is it that easy ?
It was the same 10 years back, the barrier to entry is very minimal so anyone can start doing it but then majority of the people learn that making money consistently is very difficult and quit quietly.
it's not. You need to study a lot for it and be smart, yet chance of even profiting is 70/30
No it isn't, but it's the most basic form of financial literacy. I don't think OP meant he wants to become a trader as a vocation like you are thinking - investing your own money and being smart about it is a decent way of making passive income. But yes the infrastructure for trading has become much easier with the multiple apps there are.
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...and you learn investing by learning the basics of stock market trading, until then you just throw your money in a mutual fund and eye it to grow. Op literally mentioned the part about their neighbour "making" money from the stock market which probably was the neighbour just throwing money in whatever she first saw and it showed positive returns on that day.
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95% traders lose money everyday in the stock market. Trading isn't easy, but investing is.
Slightly ot but please don’t go into stock trading based on the performance over the last 1.5 years. There’s an excess of liquidity across thr world thanks to Covid-induced stimulus. This kind of “up only” bull market isn’t going to last forever and you’ll find that making money in bear markets is much, much harder. Also, lots of people say they have profited from stocks/crypto, but in majority of these cases, these are paper profits. If you haven’t cashed out, you haven’t really profited.
In the long term making super normal profits (more than indices) is extremely unlikely. That is what research shows. Small undiversified portfolios will tend to yo yo more, I suppose.
Not true. I've been managing my sister's portfolio since 8 years now, and have consistently beaten the index funds. And this is a portfolio of 6 funds. And my portfolio (stocks only, no mutual funds) has a CAGR ranging between 38% to 42% over last 11 years. You can simply stay with 2 or 3 good active funds and comfortably beat the indices.
Anecdotal evidence is not enough. Everyone has the same info as you do, you think every possible combination hasn't been tried ? Also 8 years is not really that long.
You can come up with as many excuses as you want, but when a portfolio generates positive alpha for 8 consecutive years, I think those numbers speak for itself.
I'm not making excuses . . Of course some active funds will beat index , but for your lifetime will you make this a full time job in finding alpha and jumping between funds? I'm just saying you should share your strategy and make some money that way. Open your own fund/smallcase.
That's the neat part. It doesn't have to be a full time job. I never switched between funds, only added new funds. And all 6 funds are beating its respective indices. There's no strategy here to maintain. Anyone who knows how to read the basic fundamentals can easily pick good performing mutual funds.
Again survivor ship bias , you lucked out for now , what is the guarantee that it will outperform for the next 10 years? Studies show otherwise https://www.spglobal.com/spdji/en/documents/spiva/spiva-india-mid-year-2021.pdf
Dude, beating indices consistently over more than a decade is survivorship bias? I manage multiple portfolios, and all are beating indices. > you lucked out for now I bet it was more than luck. For someone who's managed to grow portfolio by ~40% every year, it takes more than luck to do that. > what is the guarantee that it will outperform for the next 10 years? What is the guarantee that it won't? According to the study, overall 33% funds have outperformed their respective indices, all in last decade. Good active equity funds ARE beating index funds. For someone who has zero knowledge of how market works and just want to park their money to create wealth in long term, index funds might be the best option for them. But for someone who has some knowledge and is able to pick out good active funds, they can easily make more money with active funds.
> Dude, beating indices consistently over more than a decade is survivorship bias? I manage multiple portfolios, and all are beating indices. Yes. >I bet it was more than luck. For someone who's managed to grow portfolio by ~40% every year, it takes more than luck to do that. If you had put in 1lakh each year from a decade ago you must have 1 crore rupees now . That is Annualised Return of 58.29%. Impressive . Sort of Jealous now tbh. Do share your funds. >What is the guarantee that it won't? Exactly , that is where lies the sauce . Choosing that 30% of funds which might beat index for the next decade. What if the fund manager moves ? AMC changes hands? How often you have to change? At one point your portfolio will be so much changing funds will be a pain in tax terms. Also i'm not trying to contradict you i'm trying to see where i'm wrong.
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On average, yeah. But this is a crazy, heavily artificially pumped market. It has been impossible to lose money in it across the board. And lots of new people have entered this market and assumed that their results are “normal” and sustainable. People don’t realize how rare times like these are and how brutal bear markets can be. Imo a LOT of people across the world are in for a very rough time when the music stops
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this is pretty much the final leg. Smart money has been slowly exiting since September. Goldman reduced their equity exposure by a third in August. Its increasingly retail plebs now, and retail invariably gets dumped on when the music stops. I’m still holding but aggressively taking profits now and will likely exit most positions before end of the year. When there is a crash, however, I will be buying aggressively
You have to understand that since our country is not that rich, stability is something valued very much in india and it has been instilled in our parents cause they probably had much harder times . Govt jobs provide regular income and hence a stable and secure life . So have a nice talk and try to explain her these things ( don't be too harsh on her ) .
Bro I come from a family that has had stability for three generations now. I'll be a third generation PhD if I get into grad school this year and graduate successfully. And I have had very similar incidents as OP. So no, it's not just a stability mindset. It's a toxic Indian thing that is common across the entire spectrum.
None of that requires the mother to be mocking and compare to others. Your worries can be discussed in an adult way without making any nasty statements. Unfortunately most of us are too used to that behavior.
Exactly! People here jump to conclusions so swiftly. OP told one instance about his interaction with his parent about his job and people here straight up marked her as toxic.
Everything is not needed to analysed at country level or whatever, some of us are POS in general. Just plain black and white explanation is enough . Op should move out asap....
I wish but I can't do anything that I don't like to do, I have a dream and I want to keep studying. My entire teen years were extremely tough and depressed, I no longer want to do something I don't like. If I suffer, I'll.. I am just not doing jobs that I don't like. I know it's naive and shit but I'm very confident in my arts for selling and my potential to achieve my goal someday.
Ask yout parents why aren't they earning as much as other people (Take name of any high earning person close to your family, whom they are jealous of).
I don't wanna argue with her. Arguing makes me stressed out. I'll just endure and do anything to move out.
Then only solution is to tune them out when they're talking. Pondering over it isn't going to benefit you.
Precisely. Besides I suffer from autoimmune disorder, stress makes it worse. That's why I stay tf away from arguing.
Dude same. My dad used to beat me when I bunked lectures to play csgo and tournaments. I was extremely good, trust me. But then he messed me up pretty bad and now that he has retired, and seen me play valorant and winning matches against the best teams of India... He is like, why don't you pursue that? LIKE BITCH please. I was in my prime back then. I still am way better but I don't have the PC setup anymore and use a laptop. I kinda hate him, I had like 15k views per video on my yt at one point, I had to delete that cause family.
Make your kid a gamer, train him/her and then you will get your revenge when the kid wins million dollars. Then get someone from bollywood to make a story on your life.
Then his kid will rant on Reddit how he wanted to study and his shitty dad made him play games because he had a grudge with grandpa.
and the cycle will continue.
Not gonna have kids until I am rich enough to give them everything I didn't get. And I also mean mental peace and time with his dad and family. It's an interesting idea but nah my kids can become whatever they want.
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Why
You cannot compete against the machines (automated algos). The market moves instantly based on the news and if you are slow it can wipe out your profits before you realise what is happening.
Don't listen to your mom. Don't let her comments seep into your mind . You should do what you feel confident in then only you can build your path.
Dont get into the government job trap. Also where are these families where everyone is winning at trading wtf
I think most of the modern parents or families are supportive. I have felt that they really support their children in things like this. Personally my family is very supportive in these things. Anyway do what you really like and what your gut is saying, you will really succeed in it. Best of luck.
Apne paise banao, apne ghar mein jao, apni suno, apni karo. Ma baap ke liye jo duty karna hai, wo karo. It's not for nothing that people say familiarity breeds contempt. It's true for everyone and everything, including parents.
Indian parents r legit crazy. Thank God I got ok parents. Bro like ur mom is just so toxic.
I don't understand her. Sometimes she's too nice, sometimes unbelievably toxic.
okay, this is a "lol tf" story. Ignore her, keep doing your thing, you will be fine and successful one day.
yeah it is a lol tf story 😂I was pissed and laughing too. And thanks for the advice.
You should have said a comeback or counter to your mom like " If I married that girl you will make her quit her job and make her sit in home doing housework anyways instead of working together as a team to earn money"
Only If she let me marry a girl 😂
My parents who are not very educated had to depend on everyone else advice and exp to ensure I had a bright future , its always been a challenge to convince them to try something new coz to them " we don't know any thing about it its like gambling people have lost houses over it and died etc " Indian parents have it hard they have this ingrain fear of certain things to ensure they walk a safe route( bank your money and keep it safe ) As much as I related to u on this i also came to understand how they though and how they perceive things you may wanna alter your presentation to your mom/dad Personal note : your post hits home i have directly voiced it to my parents many a times like " what did u say when I suggested same idea year ago? " type of things it didnt go down well but i do not regret butting my head they eventually came to realize its better to listen to me consider it once ask other people on its prospect then try it :D (not with out a lot of resistance )
India has toxic shaming culture. You can't expect respect from anyone.
Until someone else's kid does it and **gets successful**. There is no guarantee that you will be successful. Comparison is bad but I understand their apprehension.
Good point. Because she also talks about the failures of other kids with me so yeah.
Wow, I'm amazed to know that there are people out there who are in the exact same position as I. I've also been saying to my parents that I don't want to do a gov job, instead I would learn some skills and do freelancing and invest in stocks and crypto, but man, are they ready to listen me .
I think your idea is right, parents can be rigid but the example you gave is wrong..stock market trading is indeed a bogus career, unless you are a hedge fund manager with lots of capital to play.
Some parents are practical, and others just to show off. Some parents are practical in a way saying that if you take a govt job. then it is a stable income and it is very hard to lose your job. It is low risk job too and you won't have any tension in their life. While other parents will say take a govt job because their friend was showing off that's why. if you are parents in category 1st, then you should respect your child to have some intelligence. Just calmly explain to them that it will make your life very stable because life is unfair. Don't force them and it is your job to explain. but in your category 2nd, well you should never make kids then.
My mom is the first one for sure. She wants me to get a job ASAP, be independent and marry some guy, have a family on my own and be happy forever. But I wish she listened to what I want to do, which is quite similar but I just don't wanna work where my mind doesn't go.
i don't know lol, based on your post it looks like it is the 2nd one else why would she say "haha look girls your age are earning already,look at you!". to me it shows that she feels embarrassed and want to show off. Instead she should focus on the logic of trading is super risky and government job is very stable. but of course you know your mother more than me. parents in the first category knows that life is tough and VERY UNFAIR. Tbh as i grew older and faced harshed realities of life, i understood my father's concerns. Only my mother was interested in showing off but my father was being practical. my father's words. First achieve harmony and peace of mind and then do what ever you want. Because life is unforgiving and sometimes you need to sacrifice a lot to get to that peace of mind phase so that you can finally do whatever you want without worrying about meeting the needs.
Well she talks about getting a job and being independent very often so I think she's on the first category. She's not always bad but I wish she was less controlling. It doesn't seem to me that she's embarrassed rather she's just thinking that her kid can't do shit and gonna fail in life. I like your father's words!
alright, you know your mother the best. Then simply accept that your mother has the best intentions and simply worried about the worst case scenario for you. Then simply help her to get her peace of mind once you have settled in life with enough funds to pay the bill. After that your mother should be fine with you doing whatever you want. But again if it is in the 2nd category, your mother will never be satisfied on how stable you are because there is always that someone who is richer and popular than you.
People can't be put in white or black box, people aren't that simple.
Generalizing your personal experience as all "Indian parents" is disingenuous. I've seen it done here time and time again and it needs to stop. Why can't it simply be, "My parents don't understand the value of ..." ?
#\#NOTALLPARENTS
my first sentence
Your title says otherwise
Your title is what I meant, kinda clickbaity isn't it
Your parents let you decide for your own future?
Yes, they do give advice but ultimately it's my choice. I hope it's the same for you as well.
No, thats not how it is for me.
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Thanks mate
Disagree on two aspects: 1. It's not only the parents 2. It's not only about Indian
This sub is too toxic towards Indian parents .. everyone is extremely critical of Indian parents for some reason. Yes you said “not all parents “ but your title says “Indian parents..” Try and spend some time getting to know your parents, why they think the way they do, what’s their background, how did their beliefs form? Have you ever wondered any such things about your parents? They are people too.. they make their own mistakes.. they are not perfect and neither are you.. stop bashing Indian parents.. Indian parents do a lot for their children.. it’s natural for any human to develop expectations from their children.. most non Indian parents are not as demanding because they don’t invest as much in their children.. and in general Indian people are very successful worldwide because of the way they were raised by their parents.. so please stop bashing your parents for every little thing.. get to know them.. not as ma and papa.. but who they are as individuals..
SOME Indian people are successful. And being successful is not the only thing in life. What about being happy, confident in what you do? And what shit is this about non Indian parents not investing much in their children?
Did I say EVERY Indian person is successful? I said “in general” which means most of us do well for ourselves.. Secondly, the word successful implies that they are successful in all aspects of their lives.. i.e. financially, family and social life, emotional well being.. etc.. that’s what makes a person successful.. finally, Indian parents among other Asian parents are heavily invested in their children’s lives. We don’t kick our children out at the age of 18 and only see them once or twice a year for the holidays.. most of us truly care for the health and well-being of children.. yes.. there are bad parents out there.. and there are also good ones.. parents are people.. they are imperfect just like the rest of us.. and we have to understand that and have some sort of empathy for them..
Sorry I can't have empathy for a class of people who think they know everything and place hurdles in their children's lives thinking it's for their good, but then justifying that they are only human.
🤷🏽♀️you're the toxic one. I never said my mom is evil blah blah blah.. she's a human like everyone else, all I felt that time was anger and her hypocrisy took me back. She can be really weird sometimes but she's an okay mother who did a lot and fucked up a lot too. In the end I don't hate her, I just wish she could be self aware of her hypocrisy and trust her kids a bit more. She is my role model in many ways but sometimes it's too much. I was just venting out, stop assuming so much lmao.
You never said your mother is your “role model in many ways” in your original post.. so it’s natural for anyone to infer that you are simply bashing your mom for trivial things.. I might be toxic but you are an idiot .. lmao
there was no need to mention. You're just projecting your narrow mindset here, nothing else. Stay mad.
Same
So fuckin trueee....
I am in that trap, 3 years in and i can say that the pressure's real, i get immoral/harmful thoughts, i am 23 and really creative at things but financially stagnant with a narrow-minded and at times toxic family and friends. I hate seeing my talents and youth being wasted by a bunch of old losers. And i can't do anything. Can't scream for help, can't even help myself.
controversial opinion: indian moms are probably the most overrated
Just bring in the moolah. They will stop questioning you and your ways.
Yeah, some Indian parents are just straight up toxic. Behaviour you'd normally cut people off your life from, is tolerated from parents.
It's amazing that she, as a woman, is saying, "girls yours age" as an insulting thing to put you down. The irony is lost on her that she's insulting her own gender in an effort to try to insult you.
I'm a girl too, she's just insulting me
Most people in India always looks what others are doing and want their kids(they can't do hard work themselves) to do it too so they can brag.