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Jose Paul Martin Profile
Jose Paul Martin

@jpmartin

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JOSE | ജോസ് | जोस • partner @ & @bayfolio • thinker @

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Joined April 2007
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@jpmartin
Jose Paul Martin
29 days
Pessimists are often right, and optimists are often wealthy. I've come across optimists and pessimists - both are necessary - the optimists created the airplane, the pessimists created the parachute. #quotes
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@jpmartin
Jose Paul Martin
7 months
@ravihanda Old days they used to hide money in the walls, so cement and paint were required to cover things up. Washing machine is a mystery, oh... maybe they thought it was for money laundering! Someone in the GST council has been watching too much Ozark! 😆
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@jpmartin
Jose Paul Martin
1 year
@Ravisutanjani If Indian companies can offer cheaper products than similar ones produced outside the country. Then this makes sense! But which companies have launched recently? Oh yes... Jio. Are there any other manufacturers that can compete? or is this just a monopoly game.
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@jpmartin
Jose Paul Martin
5 months
@ipo_mantra Wealth follows a cycle... there are periods of wealth creation and wealth destruction. Just like any free market... No matter which govt comes to power, we have to understand where we are in the cycle.
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@jpmartin
Jose Paul Martin
2 months
@saketh1998 Tax Hunting Season is coming up... Govt just wants to increase income, without justifying their expenses. Nothing new.
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@jpmartin
Jose Paul Martin
5 months
@Akshat_World "Before buying, always ask the builder to justify the price." - They'll just say, take it or leave it...
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@jpmartin
Jose Paul Martin
29 days
@autocarindiamag If only the babus could put the same effort into maintaining the roads!
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@jpmartin
Jose Paul Martin
1 month
@Akshat_World Now you know why ppl want to escape to lower tax havens like Dubai!
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@jpmartin
Jose Paul Martin
30 days
GST Collected On Health Premium = ₹19,600 Cr GST Collected Life Premium = ₹68,000 Cr GST Collected (Life & Health Insurance) = ₹87,600 Cr Priorities. This brings a new meaning to health is wealth... Whose health and whose wealth is the question! #gst #insurance
@dmuthuk
D.Muthukrishnan
1 month
Anything to do with insurance, you can always rely on @YashJain88 . See his post below. Government is making huge money out of health and life insurance premiums people pay. As @nitin_gadkari said, don't levy tax on uncertainties of life. Rough Math On GST Collected By Govt In
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@jpmartin
Jose Paul Martin
27 days
@shobhitic @ravihanda @dmuthuk Never knew this for search. That's what I love about x - u learn something every day! Thanks.
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@jpmartin
Jose Paul Martin
1 year
@Ravisutanjani Those who voted with their finger, can now vote with their wallet.
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@jpmartin
Jose Paul Martin
1 year
@anandmahindra Happy Onam! The best restaurant....? I would say home... they serve with love, and don't charge you anything 😂
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@jpmartin
Jose Paul Martin
4 years
Always have loved this cartoon... #sensex #nifty #dowjones #nasdaq
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@jpmartin
Jose Paul Martin
17 days
@jpmartin
Jose Paul Martin
19 days
A fine is tax for doing wrong. A tax is a fine for doing well. #tax #gst #incometax #taxhunt
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@jpmartin
Jose Paul Martin
1 month
@WeekendInvestng Seems so... for LTCG.
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@jpmartin
Jose Paul Martin
1 year
@ankurnagpal @liquidamber_h to get fit or to cross 35? 😜
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@jpmartin
Jose Paul Martin
1 month
@CAChirag If you remove indexation as a concept, you also DO NOT need to acknowledge that there is inflation anymore. Is there any asset class that still has indexation benefits?
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@jpmartin
Jose Paul Martin
23 days
@FI_InvestIndia → GST on Helicopter, Airplane, Cruise Ship - 5% → GST on Bike, Scooter, Car - 28% Priorities.
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@jpmartin
Jose Paul Martin
1 month
@deepakshenoy Typical!! Privatize Profits. Socialize Loss.
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@jpmartin
Jose Paul Martin
29 days
@Panks_Arora Have an advisor. The reward is worth the cost.
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@jpmartin
Jose Paul Martin
27 days
@AdityaD_Shah I've noticed billing in India takes so much time. I don't know why, it just does!!!
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@jpmartin
Jose Paul Martin
2 months
@chandrarsrikant @ChristinMP_ @BhavyaDKumar @moneycontrolcom Now I understand why the Uber CEO said.... Indians want everything, but don't want to pay anything!
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@jpmartin
Jose Paul Martin
7 years
"Invest Like a Bull, Sit Like a Bear & Watch Like an Eagle." - @VijayKedia1 great #quote I'm going to steal it!
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@jpmartin
Jose Paul Martin
4 years
@vijayshekhar If I could give you my 2 cents, that would be 2 barrels of #oil 😞
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@jpmartin
Jose Paul Martin
4 months
@WeekendInvestng We're all "part of the family", until we ask for a raise... 🫠
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@jpmartin
Jose Paul Martin
1 year
@paulg Ever wondered why Indian Americans make the highest?
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@jpmartin
Jose Paul Martin
2 months
@pitdesi Made a recent trip to Europe, bought some luxury brands, only to be disappointed when I reached India, that they were not made in Europe, but labels said they were either... Bangladesh, China - mostly China. For my next trip, I might as well go to the source and buy directly!
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@jpmartin
Jose Paul Martin
6 days
@ActusDei Smokers will smoke. No amount of warnings will help.
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@jpmartin
Jose Paul Martin
1 year
@aveekmitra India will disappoint both the pessimists and optimists.
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@jpmartin
Jose Paul Martin
17 days
@rajtoday @moneycontrolcom 2 years wasted, all for a difference ₹5 crore per set? Something definitely amiss here. Did some babu not get his kickbacks??!
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@jpmartin
Jose Paul Martin
2 months
@evernote 100K notes?! Please interview these guys, so we can all learn from them how they manage so much!
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@jpmartin
Jose Paul Martin
1 month
@dmuthuk Increase the strength of the currency, and at PPP level this graph will look different.
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@jpmartin
Jose Paul Martin
17 days
@active_mobility Looks great, in theory. More architects should be involved in design of roads, and urban planning. India really needs to evolve in this area. But in reality, we still deal with roads like this...
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@jpmartin
Jose Paul Martin
5 days
@StableInvestor The "Assured Minimum Pension" is basically UBI. UBI is basically a socialist/communist/marxist playbook.
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@jpmartin
Jose Paul Martin
19 days
A fine is tax for doing wrong. A tax is a fine for doing well. #tax #gst #incometax #taxhunt
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@jpmartin
Jose Paul Martin
12 days
@deedydas There was a missing cog in the Meta Machine, he saw that and filled it up. Where does that leave him? He's still a cog in the machine. Don't need a college degree any more for that. Is the system broken or was it designed like that?
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@jpmartin
Jose Paul Martin
1 month
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@jpmartin
Jose Paul Martin
5 months
@pvsubramanyam @narendramodi We're all proud to see airports improve in India irrespective of which govt was in power when it was built, BUT unemployment is still quite high in India. As per ILO & IHD joint report published recently, nearly 83% of the jobless population belongs to the youth demographic.
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@jpmartin
Jose Paul Martin
2 months
@deepakshenoy 5L to 25L is a bit of an increase, should have been 3x instead of 5x. Reducing the number of weekly expiries is required, too much was spread out. Deepak, doesn't reduced liquidity cause its own problems?
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@jpmartin
Jose Paul Martin
5 months
@NikitaKharakia @dmuthuk We have plenty of greenary in Kerala, I don't think it has anything to do with lack of trees. The weather is hot!
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@jpmartin
Jose Paul Martin
3 months
@malpani One of the things they did in Singapore was increase salaries for all govt officers, but under one condition. If they were caught being corrupt, the punishment would be really really severe. So far it has been working well. Our justice system is flawed, but there is hope.
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@jpmartin
Jose Paul Martin
2 months
@iRadhikaGupta What we need is a tool that can compare all mutual funds with the overlaps. Quite often the existing tools do a maximum of 5 funds. That's not going to help this investor.
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@jpmartin
Jose Paul Martin
1 year
Everytime I log into @DhanHQ I'm impressed with the small tweaks. It is not @zerodhaonline in its minimalismistic UI, but it does have good stuff that helps you focus on your investment. I tried an SIP with Zerodha for PGINVIT for a daily basis. While Zerodha offers granularity
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@jpmartin
Jose Paul Martin
1 year
@malpani The price is not the issue. The issue is what sort of knowledge or experience will these guys pass out with. I fear more for the state of medicine!
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@jpmartin
Jose Paul Martin
1 year
@pvsubramanyam I would call that a champagne problem!
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@jpmartin
Jose Paul Martin
1 year
@WeekendInvestng Alok, let me guess your friend is close to retirement? Right now most in that category are hearing 'great' stories about India's progress & contemplating the move back for retirement because of community & healthcare etc etc. And they won't come back because of their kids!
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@jpmartin
Jose Paul Martin
1 year
@ravihanda I have this conversation with a lot of NRI friends, all the time. An NRI friend who returned pointed out: We're excited & happy when we're flying to India. The excitement ends after we deboard the plane! India disappoints both the pessimist and the optimist!
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@jpmartin
Jose Paul Martin
4 months
@ActusDei I mean: how complex can it get...?! "KYC Validated" and "KYC Registered" are good distinction, but when we recently checked a clients KYC on two sites: He has both! Which is it? Even the platforms can't decide. Hell is about to break loose...
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@jpmartin
Jose Paul Martin
1 month
@ActusDei @apri_sharma "So most people will pay MORE tax." Isn't that the story of the budget?
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@jpmartin
Jose Paul Martin
17 days
@marinebharat "Alstom's bid was Rs 150.9 crore per train set, which the Railways deemed too high, aiming instead for a cap of Rs 140 crore per set. Despite negotiations bringing Alstom's price down to Rs 145 crore per set, the Railways decided to cancel the tender." So for ₹5 crore per set
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@jpmartin
Jose Paul Martin
8 years
"Build a $100 million #business , revenue... not valuation" #startup #success #vc #venturecapital
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@jpmartin
Jose Paul Martin
10 days
@uditbsangwan what on earth is [E] ???
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@jpmartin
Jose Paul Martin
1 year
@FI_InvestIndia India will disappoint both the pessimists and optimists.
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@jpmartin
Jose Paul Martin
2 years
@pattufreefincal is someone who definitely needs to be recognized more for his contribution to investing. Great to see @SEBI_India institute those calculators on their site! #nifty #banknifty #sensex #finnifty
@monikahalan
Monika Halan 🇮🇳
2 years
Please check out the new calculators on @SEBI_India investor education website. Big shout out to Prof Pattabiraman for his generous help in this effort. Do send in feedback and suggestions to improve and add new ones.
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@jpmartin
Jose Paul Martin
3 years
I haven't seen any broker reporting platform as good as @zerodhaonline -- not even the old brokerage houses!
@zerodhaonline
Zerodha
3 years
The next time your CA asks for contract notes for the entire financial year, you don't have to search your email inbox and download each one individually. You can now download contract notes for 1 year at one time from Console. Here's how👇
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@jpmartin
Jose Paul Martin
22 days
@_KiranRajput She made it political, instead of trying to rise above that and ease the burden on common man. Who ultimately suffers for such political rhetoric? The common man.
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@jpmartin
Jose Paul Martin
2 years
@WeekendInvestng Alok, unfortunately, we have a tendency of looking at the past, and try to relive our glory. Rather, we should be looking to the future, and try to be a beacon for all countries. Building on what we have now, and taking that to new levels. I'd like to see that happen.
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@jpmartin
Jose Paul Martin
1 year
@ActusDei > Zerodha pays them 10% of follower revenue. I think this needs to be said. They claim zero marketing, but I've stated it before: This is affiliate marketing. And it's reached a dangerous level, as these commissions are lifetime, not for a specific amount/period. This
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@jpmartin
Jose Paul Martin
4 months
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@jpmartin
Jose Paul Martin
4 years
@balajis Here's what some analysts in India are seeing...
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@jpmartin
Jose Paul Martin
2 years
@dmuthuk "Please understand that I don't choose followers, the followers choose me." ?? That sounds kinda pretentious Muthu. Twitter is like a 'town hall' where ppl can voice their opinion. U can block those who criticize u, but even genuine ppl will not agree with everything you say.
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@jpmartin
Jose Paul Martin
1 year
@WeekendInvestng Alok, can't agree with this. I've stayed abroad and lived a good life there. There are pros and cons to wherever you stay. I highly recommend everyone go stay abroad for some time and gain a variety of world views. Some leave for money, some leave for better opportunities -
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@jpmartin
Jose Paul Martin
1 year
@DivaJain2 Do you by chance have a statewise breakup of that $15 bn revenue? It would be great to know which state is generating the most, and learn from that state what needs to be done to improve this.
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@jpmartin
Jose Paul Martin
1 year
@ActusDei Neil, just to clarify here. Social security is not available as an option to those in the Middle East. NRIs from US/UK/Europe/AU/NZ probably have it better in terms of receiving a pension, as against those who work in the MidEast.
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@jpmartin
Jose Paul Martin
1 year
@thefaadguy What would have happened if you had married her? You'd be doing a $120 million fund now! 🙂
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@jpmartin
Jose Paul Martin
7 months
@devinamehra Whether he missed the point or not is another discussion. We all know the problem, will someone suggest a solution? How about: reduce the tax burden (on income tax) and widen the tax net. I'm sure the govt who had the political will to introduce GST can do this... But will
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@jpmartin
Jose Paul Martin
29 days
@Panks_Arora Pankaj, there are cases of ppl who seek advice of an mutual fund distributor to construct a portfolio, using 10% of their capital. And then turn around and copy that portfolio with 90% of their capital into direct plans. They're trying to be smart. Do you think that's fair on
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@jpmartin
Jose Paul Martin
2 years
@nikhilkamathcio I'm just surprised they think keynesian economics still works. Inflation will continue to rise, if supply is constrained - not just if demand goes up.
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@jpmartin
Jose Paul Martin
1 month
@CAAditiBhardwaj @IncomeTaxIndia Govt should introduce a KPI for IT Department. If the portal is down X% time in the month of filing, offer a discount on the income tax filed or even the penalty for late filing. IT Department can then recover this loss from from the IT software providers who manage the site!
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@jpmartin
Jose Paul Martin
1 year
@sajithpai By 2030, India’s median age is 30. As of 2021... - India has a median age of 28 - Kerala has the oldest median age at 35 - Bihar has the youngest median age at 22 So, if you want to focus on the elderly, the best test ground would be in Kerala which will become the oldest state
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@jpmartin
Jose Paul Martin
1 month
@LarissaFernand Ideally, the 4 friends would have not imposed the non drinker to pay for the drinks. In reality, it would have got split equally. However, if the drinks bill goes way over the food bill, and this happens, then how do you get out? You just don't go for the next party, unless
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@jpmartin
Jose Paul Martin
1 month
@INCKerala If you remove indexation as a concept, you also DO NOT need to acknowledge that there is inflation anymore.
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@jpmartin
Jose Paul Martin
2 years
@vijaimantrimf Residential RE is probably the worst investment to make in India. Again, I said investment - living in the house is different. Everyone should try to buy the house they live in. Just that as an investment it's a bad idea, with rental yields at 3% tops.
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@jpmartin
Jose Paul Martin
5 months
@ravihanda @imparixit I’ve seen ₹8cr flat with the same size balcony in Bandra
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@jpmartin
Jose Paul Martin
1 month
@monikahalan UBI is basically a socialist/communist/marxist playbook. The introduction of it will, as you say, backfire.
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@jpmartin
Jose Paul Martin
1 year
@suchetadalal thank you for writing this. It had to be said! "If you fall for the pitch of snake oil salesmen, SEBI is not going to protect you from your folly." But this also raises the question of SEBI's raison d'etre.
@jpmartin
Jose Paul Martin
1 year
"everybody—from the government to #SEBI to exchanges to brokers benefits from the enormous frothy volumes generated by misguided traders." #finfluencers #influencers @SEBI_India
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@jpmartin
Jose Paul Martin
4 years
"A fool takes no pleasure in understanding, but only in expressing his opinion" -- Proverbs 18:2
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@jpmartin
Jose Paul Martin
2 months
@ipo_mantra Why did they allow daily expiries in the first place!?
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@jpmartin
Jose Paul Martin
2 months
Backward thinking! How will the country progress at this rate?! This probably explains why the road infrastructure is poor. He just wants us to rely on drivers to navigate potholed roads. No wonder Tesla isn't interested in India.
@IndianTechGuide
Indian Tech & Infra
2 months
🚨 "As long as I am there, I will never allow Driverless cars in India, Otherwise, around 80 lakh drivers will lose jobs," says Minister Nitin Gadkari.
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@jpmartin
Jose Paul Martin
1 month
@_KiranRajput Getting out of the poverty cycle is extremely hard. Getting out of the middle class, is hard. What happens when the middle class becomes poor? Inflation and taxes can really play a havoc on that calculation you shared. Also, 20% annual step up? Getting a salary increase of
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@jpmartin
Jose Paul Martin
1 month
@ChanderBhatia01 I think Zafar has an interesting take on this, you have to compare on PPP basis as well. When you do that, the individual tax payer is paying a higher tax than US. Widening the tax net instead of increasing the tax rate should be the agenda of the govt. That, and as you
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@jpmartin
Jose Paul Martin
1 year
@WeekendInvestng This is basically pushing up RE prices, and making them more expensive for the legit crowd who are looking for a home to live in.
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@jpmartin
Jose Paul Martin
2 years
Adding DLDC to my dictionary!
@monikahalan
Monika Halan 🇮🇳
2 years
Note for those from India travelling to the DLDCs (digital less developed countries) that would be most of Europe and UK, either carry some cash or access to cash through a forex card. Also carry smaller notes of 10s and 20s rather than large denomination ones.
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@jpmartin
Jose Paul Martin
11 days
@ActusDei Neil, it would be great if Mint could come up with a list of p2p who are compliant as of now. "RBI regulated/certified" and otherwise. We will get to see how many of the RBI stamped P2Ps are actually compliant with this notification.
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@jpmartin
Jose Paul Martin
2 months
@deepakshenoy But isn't Business Income - after expenses (i.e. this is Net Profit and not revenue)?
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@jpmartin
Jose Paul Martin
1 year
I've NRI friends who actively watch the news, study political commentaries 24/7 & have an opinion on everything happening in the country. But when asked if they want to return and live? Well, the common man puts it succinctly...
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@jpmartin
Jose Paul Martin
2 months
@ravidharamshi77 Pessimists are often right, and optimists are often wealthy. I've come across optimists and pessimists - both are necessary - the optimists created the airplane, the pessimists created the parachute.
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@jpmartin
Jose Paul Martin
5 months
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@jpmartin
Jose Paul Martin
17 days
@active_mobility Notice that the walkway on both sides is almost as wide as the road!
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@jpmartin
Jose Paul Martin
1 month
@StableInvestor They fail to understand that traders CREATE liquidity and how free markets automatically adjust over time. This lack of understanding is because they have never been traders/investors in their careers.
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@jpmartin
Jose Paul Martin
1 month
@InvesysCapital Interesting. Recently sold my apartment. Took advantage of indexation, and as a result, didn't have to pay tax. But I sold the flat below the market value. Had I sold at market value, I would have paid 20%.
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@jpmartin
Jose Paul Martin
2 months
@sagarkamat Read Inc42, or YourStory... better vibes, if that rocks your boat.
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@jpmartin
Jose Paul Martin
1 year
@TravelSpace9 @Ravisutanjani Point. But without investing, we will not make progress as a country. Instead of imposing restrictions / bans, it would be better to sign up JVs and partnerships as we have done in the past... Maruti Suzuki, Mahindra-Renault, Bharti Axa, or recently such as Starbucks Tata.
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@jpmartin
Jose Paul Martin
2 months
@AdityaD_Shah If you can monitor and track, by all means direct stock. But if you want to have a life, you'll just have to trust the fund managers for doing their job. There's a saying, when you buy a dog... let the dog do the barking.
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@jpmartin
Jose Paul Martin
1 year
@TradevestorNair @WeekendInvestng The intention is to throw it so far out into the future, that there is no accountability. All politicians do this.
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@jpmartin
Jose Paul Martin
30 days
@saketh1998 As one CA put it, he used to be scared of his wife the most. Now, these two ladies own that top spot! His wife is second. 😅
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@jpmartin
Jose Paul Martin
2 months
@deepakshenoy Explains why the govt doesn't want to end Income Tax!
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@jpmartin
Jose Paul Martin
1 year
@ujjavalabothra You've probably realized by now that Europe is broken. They know it as well!
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