00:00In the U.S., the government actually transferred $1,600 to each individual.
00:03All 30 crore people.
00:05Yeah, essentially when COVID happened, there was no income, right?
00:07So companies were not paying salaries to people.
00:09There were some criteria as to, you know, who gets that transfer.
00:11But essentially, a large part of the population just got money for free.
00:14That's what the U.S. government did.
00:15Yeah, I remember, you know, a cousin of mine was studying out there and, you know, he would never buy
00:18a $200 shoe.
00:19And he bought a $200 shoe.
00:21I said, why did you buy a $200 shoe?
00:22He's like, yeah, you know, I got money for free, so why not?
00:24Wow.
00:25So that's how that, you know, so there are guys who are spending it on things.
00:28And essentially, that's what the government wanted.
00:30That take this money and go spend it so businesses do well.
00:32And, you know, the GDP starts growing again.
00:34That's their own flywheel.
00:35Yeah.
00:38As a 30-year-old, you said, two years later, I have to get married.
00:41I'll need to go on a vacation every year.
00:42For a short-term money requirement, what is the best product?
00:44The best product is, the most tax-efficient product is debt plus arbitrage.
00:48Debt plus arbitrage.
00:49Okay, what has happened is, there is a section.
00:52Government uthi, ek din.
00:53Or ek section introduced kar diya, February 2023.
00:57Section 50AA.
00:57Which made sure that even if you own a debt fund, for even 50 years, 100 years, you will
01:03be called short-term capital game.
01:04That's what section 50AA did.
01:07So made debt funds very tax-inefficient.
01:09If you have 30% in a debt fund in the form of an arbitrage, then two years may ap
01:14long-term
01:14mein gujj jate hain.
01:15That becomes more tax-efficient.
01:20If I can manage my, let's say, 10 lakh, 20 lakh portfolio by myself, you're saying, that's
01:24not going to work out.
01:25Then you have to be really smart.
01:27If you believe that you can do a better job, then all the professional outfits and the huge
01:33research team, then you should do it.
01:34But normally it doesn't happen.
01:36What then you end up doing is to trade.
01:38Because you'll hear from someone that this stock is good, something is happening.
01:42And then all the research goes on the back burner.
01:44And you'll say, le le ta on me.
01:46And it's a 50-50% rule.
01:4850% of the time you'll be right.
01:5050% of the time you'll be wrong.
01:52But the problem is, when you are right, you book profits when the stock goes up 10-20%.
01:56When you're doing on your own.
01:57When you're wrong, you don't want to sell it at a loss.
01:59So typically then your portfolio comprises of stocks where you have gone wrong.
02:02Which is the worst thing to happen.
02:03As I said, you know, if you are confident that you can do a better job than someone
02:07who is doing a good job by charging only 1% fee, then you should do it.
02:11But I would say majority, significant majority, would underperform the professional portfolio
02:17management.
02:20How do you manage your own money?
02:22What is your own asset allocation?
02:23So I have gold because I'm married.
02:25Okay.
02:27Would you have not invested in gold in your fund as well?
02:30I am not a believer in gold.
02:31And I've been wrong always.
02:32I have not come across a single fundamental report justifying gold prices.
02:38I don't think 12%, 14% is a bad return.
02:40At 12%, you double your money in 6 years.
02:42At 14%, you double your money in 5 years.
02:45It's great.
02:45In 20 years, we'll have more Warren Buffet's in India than in US.
02:48But I want 10x in 10 years.
02:50Then you should buy crypto and gold and then pray.
02:55The only problem is everyone wants to become extraordinary rich overnight.
03:0199 out of 100 youngsters are not investors.
03:05They are traders.
03:06And that is your recipe for disaster.
03:12If you're a passive investor who wants to invest and forget, this is what I would recommend.
03:1760% of your money in the Indian stock market, 10% of the money in the US market, 15
03:21% in gold,
03:2310% in fixed deposits and 5% in crypto.
03:26Which means, if you're investing 30k per month SIP, around 18,000 rupees would go into Indian stocks and Indian
03:33mutual funds.
03:333,000 rupees would go into US stocks and ETFs and some tech companies.
03:374,500 rupees would go into gold mutual funds or ETFs or sovereign gold bonds in the secondary market.
03:433,000 rupees would go into a fixed deposit or bonds.
03:46And 1,500 rupees would go into crypto.
03:48This is the ideal portfolio mix for someone who is not an active investor and just wants to invest and
03:55forget.
03:58I think one of the best performing indices has been the Karachi Stock Exchange.
04:02Pakistan Stock Exchange.
04:02The Pakistan Stock Exchange.
04:04But how?
04:04So Pakistan and Turkey have been in a very high inflation environment because they've been in a state of war.
04:09Because what happens in case of war is that the government ends up spending a lot on defense.
04:13And to spend that money, they need to print money because they don't have any income in the form of
04:16taxes, etc.
04:17Yeah.
04:18Right?
04:18So you keep printing, inflation goes really high.
04:20When inflation goes high, the price of goods go up.
04:23But who benefits when the price of goods go up?
04:25Right?
04:25Corporations.
04:25So for example, today, Hindustan Unidever is, say, charging 10 rupees for a chocolate.
04:30If, you know, the raw material price is going to go up, they'll probably charge 20 rupees and you and
04:33I will continue consuming that.
04:34Right.
04:35And the stock price will reflect that.
04:36So think about it, right?
04:37A country that's in such a bad shape essentially has a high performing index.
04:42So even if you were in Pakistan, you would not lose your purchasing power if you were invested in the
04:45index.
04:46You know, I think if you look at the Turkish index in the last 10 years, the index has become
04:49a 10x.
04:50Wow.
04:50If you open up the chart and you see it's become a 10x.
04:52I think the same with the Karachi Stock Exchange.
04:57What is that minimum salary that you need to become a Karatpati in the next 10 years?
05:03We will first assume a 30% savings rate on your post-tax income.
05:07Now I know what you must be thinking.
05:08Most people are not able to do this because they take up too many loans very early on in their
05:14life and living a hand-to-mouth existence.
05:16Do not be that idiot, else you will always be financially poor.
05:20Second, let us also assume that you can increase your savings rate by at least 10% every year.
05:25Now I know what you must be thinking.
05:26Sharon, it's not possible to increase your salary by 10% every year.
05:31I get that.
05:31But I also know that if you work really hard and if you're in the top 20% of the
05:35employees,
05:36it is very easy to get promoted at least once every 3 years and get that 15-20% hike.
05:41And to also do a job shift once every 5 years and get a 30% hike.
05:45That way, on an average, you can definitely generate a 10% salary hike every year.
05:51So if I assume a 30% savings rate and a 10% step up in savings every single year,
05:56you will need to earn at least 12 lakhs per annum after generating 12% post-tax income.
06:04Sharon, I'm leaving.
06:06What?
06:07What did I do now?
06:08Dog sneakers and cat massage oils.
06:10Seriously?
06:11Your online business is always paying.
06:13But babe, trust me.
06:14No.
06:14I'm leaving you before we go back round.
06:18I just need some real business guidance.
06:21How do I sell online?
06:22Real business guidance?
06:24Sambha.
06:24What?
06:25Who is it?
06:26Amazon Sambha.
06:28Learn from the top industry leaders and 7 lakh worth of business benefits.
06:32Wait, did you just say 7 lakhs?
06:35You heard that?
06:35How much is the ticket?
06:37It's just 1 triple 9.
06:38And you can use my code SHARANTEN to get a 10% discount.
06:427 lakh benefits for just 1 triple 9?
06:45Such a smart idea, babe.
06:46So should I book two tickets then?
06:48Book three.
06:49My mother's also coming.
06:50Even she wants to start a business.
06:52So before your babe leaves you over your stupid ideas,
06:55get some real business guidance to boost your e-commerce business at Amazon Sambha.
06:59Amazon Sambha.
07:00Happening on December 10th at Bharat Mandapam.
07:03So what are you waiting for?
07:05The link is in my bio.
07:08Entry level job in 2011 was 3.25 lakhs.
07:11Today it's 3.75 lakhs.
07:13Just a 15% increase in 15 years.
07:15Does working in a corporate setting still make sense?
07:19What is the best habit of a Gen Z employee?
07:22I had a boy called Jatin.
07:23He would come to the office and say,
07:24Hi bro, how are you?
07:27Complete disregard for experience and hierarchy.
07:30When you were working at Nokia,
07:31you had to call back Lacks of phones because of battery overheating issue.
07:34We went to Shah Rukh and said,
07:35Can you be our brand ambassador?
07:36So he said, by all means.
07:37So we ran an outstanding ad.
07:39Huge success.
07:40The next year, Shah Rukh called us back and said,
07:42Hey, you know what?
07:42I'm bidding for KKR.
07:44Would you like to sponsor my team?
07:45And we said, sure enough.
07:4635 years back,
07:48life was much easier for the corporate world employee.
07:50In the late 80s,
07:51all companies in India,
07:53you won't believe this,
07:54used to give their employees
07:563% soft loan for home purchases.
07:59What are you saying?
08:00They used to give us 75,000 rupees lang.
08:02You know, to go buy a car.
08:03How do I ensure that I'm always promoted
08:05and I always get the 20%, 25% hike?
08:08The only thing which the company wants from you is...
08:16Do you know what's more unpredictable than the market?
08:20This useless team!
08:26Hey, bro.
08:27What did I miss?
08:28The entire meeting.
08:30Chirag, yeah.
08:31Why are you so unorganized?
08:33No, shut up.
08:34I'm a genius.
08:36Not a planner.
08:37And you should just accept me for who I am, right?
08:40Chirag,
08:41I will break you from the inside.
08:44You heard me?
08:46Anyway,
08:47I have a plan to help us with our consistency.
08:51Udu.
08:52Udu?
08:52Who?
08:53Udu?
08:54We have no one here, Sharan.
08:56I think I need to explain myself.
08:59This is Udu Project.
09:01The ultimate project management software
09:03to help us keep organized.
09:06Oh, you're replacing me with the software.
09:09Surprising.
09:10Not replacing.
09:12Assisting.
09:13Udu Project organizes all our tasks and subtasks.
09:17Tracks progress in real time through different views,
09:20shows task deadlines and timelines,
09:22centralizes communication,
09:24and even lets you create custom dashboards.
09:26So, basically,
09:27it keeps projects and geniuses on track.
09:31Can't argue with that, man.
09:32Not just project management.
09:34Udu has everything that your business needs.
09:37And the first app comes for free of cost.
09:39So, what are you waiting for?
09:41The link is in my bio.
09:47So, we went to Shah Rukh and said,
09:49Hey, you know what?
09:50You've always been a Nokia guy.
09:51You always carry your communicator with great pride, etc.
09:54Now, can you be our brand ambassador?
09:55So, he said, by all means.
09:56So, it was 15 years of Nokia.
09:58So, we ran an outstanding great ad.
10:00Shah Rukh saying,
10:01The last 15 years of my life,
10:02Nokia has elaborated every single moment of my life.
10:05Huge success.
10:05And within 12 months of handling that crisis,
10:07we became the most trusted brand in India.
10:10The first non-FNCG brand to make it to that list.
10:13The next year, Shah Rukh called us back and said,
10:15Hey, you know what?
10:15I'm bidding for KKR.
10:17Would you like to sponsor my team?
10:18And we said, sure enough.
10:19And we sponsored his team.
10:20And that sponsorship continued for 12 years.
10:23So, there was a huge benefit of that.
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