both tigers and sharks have these like little dead eyes dude like it's i mean i want to say it's like full of emotion and dead at the same time do you know what i'm talking about little dots in the middle of the eye messes you up like i remember about this referencing that same bhopal uh zoo i went to it's called so they say that the tiger they kept there is a man eater like so-called man-eater and um the moment you're near that cage so they've obviously kept in like this massive enclosure right yeah so you go through one vihar and you see different open enclosures they've got one open enclosure for crocodiles open enclosure for elephants and what i mean by opening toaster is a massive field um separated by like a water body okay they can't like you know reach you um and at the edge of the water body they have sort of a kind of not not not a cage but like sort of a heightened uh piece of land um so


sort of a heightened uh piece of land um so as you're going through the park you get to see crocs you get to see like elephants dear are free to roam in the park so as you're going on the road you'll just see a deer like kind of sprint across but i remember that specific enclosure with the tiger so they stopped the vehicle like about maybe 30 feet away from the cage and even in that 30 feet radius you feel some strange energy okay like i don't know what to describe it as but i felt like it was strange energy and they said okay we've reached the tiger enclosure and they tell you to stay quiet which makes it even more eerie because everyone's quiet around you and then you get off your vehicle and as you go closer to the cage you can feel more and more eeriness because that animal is so massive and they've told you it's a man-eater it just has a vibe that it spreads it's a dominant energy that it


that it spreads it's a dominant energy that it spreads and then you go up and it's two three tigers are just in that cave chilling vibing they're not chilling they're probably extremely sad that they're in a cage but they're just there and that energy is taking over and i'm vlogging because i'm a youtuber and i'm talking to the camera i'm saying oh we've reached the tiger enclosure whatever i go up near the cage and the guy who kind of sits and like looks over the cage he says don't go any closer because it can pounce at the cage and if even one of its nails hits you you might have to get a rabies shot right and a lot more than a rabies shot probably so the moment he said that i shacked my pants a bit and i put my phone down and looked up at the tiger and i saw these two like dead eyes just staring at me then looked away for a bit i kept staring at


looked away for a bit i kept staring at then look back at me to kind of see that okay is this guy still looking but the second time it looked back at me i felt like it scanned how i taste how i smelled what my thoughts are everything and i couldn't maintain eye contact i just looked down out of respect and fear and it's behind a cage yeah it's not even in the wild and when you see photos of sharks i feel like there's the same look in those sharks as eyes yeah just very eerie man but the deal with sharks is you're in the open ocean where it's dark and blue and cold and dangerous and these animals just dominate that space so i'm sure you feel that dominant eerie energy around them i mean it's dominant in the sense that maybe they're not dominating but one definitely submits to them and we used to take these swim stops in the middle of the ocean and of course no cage so for most people it's


of course no cage so for most people it's like how deep is the water here so we just stopped the ship and we put out a lifeboat and we'd say whoever wants to jump just jump off but know that there are sharks in the waters and big fish and all and nobody is really safe and people would jump or one they're jumping into water that is three four kilometers deep right like there's it's incredible to think that you're bobbing on the surface and there's four kilometers of ocean just under you but very often i'd speak to my friends and be like why do we jump off i used to jump off every time and i feel like a lot of people are like i'll be okay if a shark takes me like i think it's not to say that i'm taking on death but it's like would that be such a bad thing that you jumped off in the middle of the ocean and you got bitten by a shark it's a it's naive and i know it's


it's a it's naive and i know it's probably foolhardy but in that moment there's also something about that experience which it's not you're not thinking about that but you're like if it happens you know we took the risk of entering its ecosystem it's not a bad animal it's just that we happen to be there and made a miscalculation about who i was and i think it'd be okay i'm not for the others so messed up thought dude getting eaten under water because you know i've dived and what people don't understand about diving is what you can't hear you're underwater and that's that's what people find meditative about diving also that oh it's silence and you know it's where do you get to hear this kind of silence but that's how they look at it how seasoned divers look at it if you're not familiar with diving and if you have a four way of the ocean that silence can get to you yeah yeah where you can just hear your


to you yeah yeah where you can just hear your own tank now imagine going through something chomping off your leg in the middle of the water and only you're able to feel the pain imagine with someone in your group yeah rude question yeah but have you ever come across somali pirates or pirates from that part of the world so this is really interesting and i i say it because i have really read up not a lot but a little bit into piracy in general or somalian piracy um when i started sailing in 2001 that's the first time i took i joined the ship and i used to be on the ship that used to go from antwerp which is in belgium to uh a small port in south africa and we used to come around the sewers canal and we used to come down we used to sail along the somalian coast like you could see somalia's land and there used to be advice series that said that keep a lookout in the night so i was a trainee and there


in the night so i was a trainee and there were other workers on the ship as well and we used to put these bulb lights across on the outside of the ship in the night and we'd walk on the deck with a with a torch and was like we are doing piracy watch by 2011 my first crossing with sea shepherd the advisory was that you keep 1000 nautical miles which is about 1800 kilometers from the somalian coast because piracy has exploded so much so it went in that 10-year period from being something that was petty thievery to being like guns and arms and to america even make a film about it they even use bazookas i've heard yeah yeah yeah like rocket launchers bazookas yeah some they have some heavy machinery i don't know how they do i mean somalia has a history of gang wars militia funded civil wars a lot of foreign intervention i don't know too much about that but there are accounts of american intervention etc that have happened there


accounts of american intervention etc that have happened there as well but from what i know uh there was a lot of dumping of nuclear waste that used to happen from uh european countries into the waters of somalia and there was also a lot of fishing that used to happen by foreign fishing fleets because somalia was this poor country that couldn't do anything about controlling its waters and so a lot of people who went so one has to realize and i think people should know that it's not easy one day to suddenly become a pirate and be 1500 nautical miles out at sea like you have to be a very skilled seaman with years or generations of experience at sea to be able to undertake something like that because these guys were going out in little skips which is these thin boats with a single engine and they were surviving by catching fish by cooking on the boats until a merchant vessel came by then they would board it and take it to mogadishu which


board it and take it to mogadishu which was their main capital port and all so it was these fishers and coastal people who largely were getting completely wiped out by the dumping of waste and overfishing who went out with and of course there was american and european intervention a lot of military went out there navy went out there but again i know somebody was a maritime lawyer in somalia and he said you do not know the amount of work that the local mosques and the local community leaders did to bring these boys back into the family and the community from being pirates out at sea so i feel like of course it was a huge problem and it became a huge problem because it was choking and really hitting the world shipping trade and today's global economy is nothing without the shipping trade so insurance rates were going up fishing vessel owners were [ __ ] scared that their vessel was going to be taken so they had armed guards on board the premiums would go up crew


armed guards on board the premiums would go up crew premiums would grow up everybody was like so it was costing a multi-billion dollar industry millions and that's why the military stepped in the navy stepped in it's no longer where it was but i think we only hear one side of the story which is the captain whatever captain phillips captain phillips story i was going to say captain america could be america but we hear that side but there's a lot else that has happened why it happened and why it stopped and i think that's important but yeah that it used to be scary like literally there'd be american helicopters and chinese and russian like joint patrols happening and the ships would be in a convoy just going and you know any skiff you'd see you'd be like is it a pirate you'd have to call them american warship they'd send a helicopter it would take around and it'll be safe whatsapp videos of like people shooting dead fishing boats


whatsapp videos of like people shooting dead fishing boats like armed guns just like on ships and all like it became like this wild west kind of thing suddenly in the 20th century yeah have you seen any up close no i haven't seen pirates of close but the thing is that they all look the same so it you pass many skiffs but perhaps because you were in a convoy and the moment was not right that you didn't get attacked but in that period if you're on the ship i've heard may days may is like when you're in trouble you just make this call that there's been a piracy attack on a ship that's 20 30 50 nautical miles away so it's a it was a very real thing that happens for sure wow so you don't you don't kind of think of the life of people in the merchant navy but there's all these unforeseen circumstances like this are there even more unforeseen circumstances that happen out on sea but you only know after you've gone out


on sea but you only know after you've gone out and see that much i mean two examples which would be very pertinent right now in times of covet one is kovid of course disrupted the entire economy but it also disrupted movement and lots of crews on ships were stuck for the longest time without being able to come home somebody's lost a parent or a wife or a child or a friend to covet and they just couldn't come home so people were stuck that was one of the big things that happened with crew members and the reason they are stuck is because you need a visa to be processed out of the foreign country onto a plane you can't afford it yourself you can't leave so a lot of people got stuck because it was too expensive for companies because from here nobody wanted to go on board you couldn't bring people from there and the second thing is that a lot of companies went bust so of course big companies like musk and apl and all that we know about and


musk and apl and all that we know about and we see containers on our roads survive but a lot of small companies went bust so owners just started abandoning ships and they just overnight nobody owned the ship so the ships ran out of food they ran out of water they were just on the mercy of some local church organizations etc um and so yeah so a lot i think the maritime domain whether it's fishing or shipping is a forgotten domain in the sense that once you're on a ship and away it's not like you're in no man's land because a ship is flagged in panama it's owned it's got so many jurisdictions that you're a trans boundary citizen on a floating ship without really anybody controlling you you could be panama's responsibility if you're indian you could be the indian government's responsibility if you're passing through the suez canal you could be egypt's responsibility but nobody takes responsibility so it becomes like this forgotten amongst overlapping mixed uh control areas um


this forgotten amongst overlapping mixed uh control areas um uh you know how i spoke about how virtual reality and megaphone has become the theme of the podcast another theme of the podcast is things like the skull kept next to you which is the occult uh do you have an opinion on the occurred i don't actually okay have you had any occult experiences out in the ocean uh not really any ghost ships not ghost ships but i've seen ghosts in the sense of like not real ghosts but i remember in 2001 again right when i started sailing i used to have to get up at four o'clock in the morning and take these fire rounds and the fire at four o'clock everybody's sleeping it's just like one engineer who's in the engine room the trainee cadet and the watch officer it's three people awake and it's this big 200 meter long ship and you have to walk and take this round and i remember just like walking into this darkness already scared like trying to see


into this darkness already scared like trying to see and then suddenly i see these two people walking towards me like 100 meters away and i was like i ran into the corner and then i was like if i go up that chief officer will be like yeah this training cadet is useless he's scared and also i have to do this around and then i looked again after five minutes those people are there only moving i'm like what is this so i went up slowly slowly inching and then i realized it was two raincoats with just a blower that was slowing and you know these occult stories because you hear about ghost ships and things like that which is like maybe out there in the ocean when things are that dark you feel it even more i mean there's somebody called ian urbin i don't know if you've heard about him but he was an investigative journalist with the new york times and he did some other stories as well and he got a pulitzer grant to do a series


he got a pulitzer grant to do a series of stories which ran in the new york times is a series called the outlaw ocean and then he wrote a book as well and it's interesting like his research it's on fishing boats it's on shipping vessels it's on oil rigs it's on abandoned marine islands it's on insurance crimes and it's a very interesting take on what all goes on out there right like so much of it is there and the ocean has a reputation it's murky it's dark there are ghost ships just drifting completely abandoned recently one ship showed up in the uk filled with rats that had been out there for many years and just yeah so like things happen all kinds of things happen and the rats on the ship were multiplying yeah what happened to the humans on the ship nobody knows i didn't trace back the story i'm sure they found out but the day it arrived it was just rats that's crazy um you know you spoke about


rats that's crazy um you know you spoke about one second i lost my ink so i'm too into this rat story have you read some of his stuff this investigative journalist yeah i mean i met him he he wanted to come on my ship for covering one of the campaigns so we did this reconnaissance in the middle of the ocean where he came on a ship and then i came on a ship what is the reconnaissance it's like we just met in the middle of the sea unofficially just like in the sense that i'll come to x i'll come to so and so latitude so and so longitude at so and so hours i'll wait there for two hours if you show up you show up if not that's a reconnaissance so then he's like i'll be there and then once we missed each other and i was like i have to go there he's like no no i'm coming so next day again we went like an ocean tinder date yeah kind of and then he came he spent a


yeah kind of and then he came he spent a little bit of time with us and all and then i met him in london he had come for his book launch so i was there with him as well yeah did he tell you anything crazy like any of these ghost ship stories or any anything murky i mean uh so he did but i also because i used to do a bit of work in indonesia in the middle with labor supply chains and looking at worker conditions on boats and like there's there's there's this video evidence and photo evidence that very often just gets given to you and there was this one case that in 2015 i got given a usb stick to a friend of mine about just these um saying that somebody's died on board and these are his photos and it was essentially a three-month filming process of an indonesian worker being slowly killed on board by his captain by physical torture why just he was a so there's there's a there's a theory that is that working at


a there's a theory that is that working at sea is so arduous that you have to maintain a control and violence on a couple of crew members who are new is a way for the captain to tell the others that this can be your fate as well so there's a lot of nasty stuff that happens and this guy essentially used to be prodded with an electric cattle prodder given electric shocks passed out his knees were capped off with a fishing knife god he was beaten and jumped on till he passed on he was thrown off a deck and he ultimately died because he body couldn't take it so you know that's murky where you see a man who left i went to indonesia and met his family and stuff like that as well um so yeah i mean and this is very common there's the accidents that happen but then there's deliberate killing of people that happens as well and it just happened that this guy's body was going to be tossed into


this guy's body was going to be tossed into the ocean but that fishing trip another fisher had a fishing accident where the fishing hook caught him and he went overboard and he died and so it's considered that if he had come back with two crew members missing it would have been too much and would have raised one crew member missing is okay everybody turns a little bit of a blind eye so he said i have to bring this guy back so they packed his emaciated dead body into a body bag and put it in the fishing freezer and bought it to taiwan where one of the crew members was just like what have i experienced i have experienced torture of a new crew member for three months until he's died and the other one has just fallen overboard nobody went looking for him so he threw his sources just sent out this usb stick because he had been filming it on his phone what the [ __ ] fishing hooks in the head bleeding everywhere like really


fishing hooks in the head bleeding everywhere like really really dark and murky stuff why didn't they go after that guy who fell off because their fishing gear was out and it would have meant cutting the fishing gear and turning the ship around and if you lose that fishing gear as i said fishing trips are three four years you don't carry that much extra gear so it would have meant wasting gear and having to actually save a man's life morbid question but yeah when he's floating out there how do you think he would have passed away just out of hunger and thirst because i've read that a lot of people who are lost out at sea eventually the theory says that they get eaten by reef sharks like that's one of the believed theories do you think that's true like if you're just out at sea not by reef sharks because reef sharks will be around greece but tigers tiger sharks great white sharks these are like predator ships which uh they'd probably kill you


like predator ships which uh they'd probably kill you barracudas as well like they'd probably come and take a chomp off you yeah um but yeah most likely dehydration and tiredness have you ever seen any dead bodies just floating around in the ocean on your not really but again i've seen a lot of videos and stuff like that like there's this video in fact ian went after this story not not ian another investigative journalist went after this story where there was a chinese fishing boat just shooting dead four somalians in the water the somalians were fishermen and they thought they were pirates so they just bought out this gun and it's captured on video where he's like taking pot shots at them from the ship and because he's never fired a gun before they don't kill in one shot so he shoots somebody's shoulder then you shoot somebody's head and everybody's like cheering him on and ultimately all four are dead and they're just exploding heads in the water so like there's a


exploding heads in the water so like there's a lot of murky stuff that happens and people tell these stories like they'll be like yeah i met this friend his backbone was broken on the ship so they chucked his body somebody else would say i went to join a ship in pacific but i was working off somalia for four years i've killed pirates and stuff like that and just come home last week like there's wild stories that come out from human endurance that see under working conditions have you heard any alien stories ufos things like that i have that's another leave of this podcast in fact when you were talking about a man-eating tiger i was thinking about the arrival have you seen the arrival yeah yeah we spoke i thought about it like when they go in for the first time and they're like what are you with the birds and all i felt like you were describing that scene yeah ah man i don't know i it's just like you know this is one of those episodes that i have


know this is one of those episodes that i have been looking forward to since two years but we've never had a chance to create so this is not the end of the podcast i have more questions okay i'm just along with you yeah it's ten o'clock i'm appreciating a brother oceanic brother um you know maybe the last section which is another theme of the show okay um i think earlier on in the episode we spoke about geopolitics of the ocean what's actually happening out there and is that something that interests you do you study it like uh is it something that you know some thing about which you can share with the audience so uh in in the sense that i'm interested in geopolitics but not maybe from a national security point of view where most geopolitic conversation comes in i'm interested in it from the point of view of what role fishing plays in geopolitics um and it's very interesting because very often we think about fishing as just being fishing but when a fishing boat


as just being fishing but when a fishing boat is out in the oceans let's say it says an indian fishing boat in the indian ocean it's a part of india that is in the indian ocean and if there are a thousand fishing boats from india there's a thousand pieces of india that are out in the indian ocean so geopolitically it makes sense that something like fishing which is primarily an economic activity also becomes a way to exert uh some amount of presence in the world's oceans so that's one thing the second thing is we're living in the age of what is now known as the blue economy or the ocean economy so we've had the green revolutions in agriculture we've had the mining extraction that's happened now we are seeing something that's happening at sea so extractive activities are going out to sea there's a lot of ports that's happening there's a lot of shipping etc that's happening and alongside that these investments need security and


and alongside that these investments need security and therefore geopolitics is becoming a part that national security related to ocean investments in a big way and fishing vessels do become a part of that so for example china has expanded immensely in the indian ocean uh but the indian ocean is a huge security concern for america in the sense that it's it's it's it's it's got the persian gulf so the biggest oil roots of the world it's got the sewers canal which empties out into the arabian sea through the red sea so it's a big shipping route for them um and then just extended indian ocean the malacca and the singapore states where about 90 of all the trade passes through so what happens when china's dominance in these areas grows um it's geopolitically in the sense that america is not fishing back but what if chinese boats have arms and can launch a militia kind of war against american bases so there's geopolitics and fishing that plays out


so there's geopolitics and fishing that plays out like that and it's not just fishing it's always linked with something and so when we look at indian fishing that is expanding into the indian ocean it's not just indian fishing of course economically it's claiming part of the ocean through the resource but also that presence then adds and links up to all of these things so that's one thing the other side of the geopolitics is that maritime borders are very recent europe as europe has existed pretty much for a long time in the way it has but maritime boundaries were only formed in the early 80s and a lot of countries properly claimed them much later so for example india's got a maritime boundary with pakistan with the maldives with sri lanka with bangladesh and then with thailand from andaman and nicobar that's five maritime boundaries um fish don't respect boundaries they just flow over but resources can only be claimed if you have that territory so geopolitically it's also


you have that territory so geopolitically it's also contested whose waters are what you know where do minerals lie where do whose fish if i capture them on this side of the line their mind if they capture them on that side so geopolitically again there's this fluid boundary of fishing etc that come in so i'm interested in those aspects of geopolitics uh you gave me two great podcast episodes today so that was part two of a special two-part conversation with captain sid chakravarthy if you liked it do share this podcast these podcasts as much as possible the podcast i hope will grow through conversations like this people like this experiences like this and honestly it's gonna grow when you guys share all these episodes on whatsapp on your social media so make sure you share trs and make sure you follow trs on spotify spotify exclusive which means that every episode is available in spotify 48 hours before it's available anywhere else in the world and for now what i will tell you is that i still


now what i will tell you is that i still hate the idea of scuba diving there's something about the oceans that just scares me immensely and while i got fascinated because of this conversation with captain sid i also got kind of scared about what's out there about the monsters which swim and about the monsters that board ships i hope that this was one of those conversations that stayed with you in the same way that it stayed with me right after recording this i went up to sanjit and i told him that i think we've got a super hit podcast in our hands it was so good that we had to divide it into two parts so make sure you watch both the parts and make sure you keep sharing episodes like this of the runway show thank you [Music] you


welcome to a very practical useful and extremely fun episode of the runway show with my brother virat shade the journey of entrepreneurship the journey of learning about personal finance has unlocked a lot of learnings for us that's what we're going to share with you in today's extremely pc episode there's lots of information you might want to take notes throughout the course of this episode what i promise you is that by the end of it you'll be a different person with respect to how you look at money you'll be a different person with how you look at the real picture of your own life in the real world when it comes to money if you want to be rich if you want to build your fortune even if you don't want to take up entrepreneurship this particular episode will change you from a financial perspective that's what i promise you remember every episode of the runway show is available on spotify 48 hours before it's available anywhere else in the world because we're a spotify exclusive now but for now for


because we're a spotify exclusive now but for now for this very special practical money making episode i'll let you slip in i'll let you enjoy with my brother virat sheikh and myself let's go [Music] welcome to the brand new monkey office i am ranveer alabadiyah age 28 and i'm viraj hade age 26 we're co-founders of monkey entertainment a completely bootstrap company what's bootstrap we didn't raise any funds we built our own products and services and built our customer base and made money off of that by being a little sexy and intelligent and logical and smart okay but uh the reason we're making this video is not to sell you a course to help you become an entrepreneur uh we're not motivation speakers oh wait right now we're not motivational speakers we're giving you very practical money advice that we wish older people gave to us when we were starting out our careers and when we were slightly younger so at this stage what we're doing with our money is we're


stage what we're doing with our money is we're definitely investing it back in a business we're also looking at investing in startups and the things we've learned about personal finance we're kind of going deeper into those for example we're learning more about the stock market we're learning more about the equity markets how they work and i feel personal finance is one of those things that keeps getting polished as you grow older but if you have older experienced people to teach you uh it just makes your learning experience much quicker and that's what this video is about practical tips also at the end of the video we'll be highlighting some key money mistakes we made so make sure you watch the video till that point but let's get started with some tips tip number one tip number one is always reinvest in yourself first when you're like a teenager when you're 18 19 there's a pretty good chance that you don't have surplus cash to invest in equity stocks crypto and whatnot so first ensure that whatever money


stocks crypto and whatnot so first ensure that whatever money you have or whatever money that it is that you're getting a loan from your parents you invested in yourself you learn things you build new experiences you read books you take new courses but first invest that money into yourself build your personality build your knowledge build wisdom build health as well focus on physical health ideally if you're in college trust me if you build a fitness habit in college it helps with your discipline levels and there's neuroscience behind this the kind of neural networks in your head that help with physical discipline also translate to mental discipline which is what you need in the long term when it comes to your career and even the game of personal finance it needs a certain amount of discipline which is why in college you gotta ask yourself okay what do i need right now which will help me and don't worry about spending money on you because this is a phase in your life where you don't have to worry about saving for a


you don't have to worry about saving for a family you have to just focus on you so is it investments for your physical health investments to improve your mental fitness you know maybe some meditation course or is it some sort of online education that you're taking up you know rectified good quality online education that will help you in your career which brings us tip number two tip number two is build a core skill set now that's again super important because if you don't have a core skill set you're not going to be able to make money in the long run today while a lot of people are generalist people are getting paid really high amounts of money for being specialists what is your core skill set are you good with finance are you good with content are you good with coding you need to figure your nation again as a young teenager the question always is how do i find my passion how do i find that one thing that i truly enjoy doing for the rest of my life there is no straight answer to


rest of my life there is no straight answer to this the only straight answer is experience new things yeah work at new companies intern at as many places as you can both of us we didn't just stick to our syllabus we didn't just stick to colleges we worked together on a lot of internships we sold stock market courses we sold health courses and whatnot we sold a lot of stuff to people which also should highlight the fact that our core skill was sales which we were unknowingly working on in college you gotta try new things every three months or so and ask yourself what are you having fun doing so i remember when we used to go out selling courses we used to vibe with that process therefore we knew that we're both salesmen at heart and even with what we're doing at this bootstrap business it's basically sales in many ways it got honed early on you got to give every kind of mini career at least three months and ask yourself which is the kind of career you're vibing with


which is the kind of career you're vibing with because to make it big in the personal finance world you're going to need capital if you want big capital you're going to have to work hard if you want to be able to make that process of working out easier for you you need to enjoy what you are doing and the only way you'll find out what you enjoy doing is by trying different things and ideally in the real world not just through studying about it you've got to be in offices you've got to be willing to do internships you've got to be willing to work for free so get your hands dirty just get on the ground and start taking newer experiences because honestly besides that you're not going to be able to learn what's happening on the ground if you want to learn about a specific industry go work in companies or internal companies that are operating in the same space and there's a lot of young startup founders who are actually looking for teenagers for college students to join


are actually looking for teenagers for college students to join the startup as high quality interns and the core skill set you require for that is purely just communication skills yeah and a little basics of powerpoint board and excel that's not too tough ask the stupid questions uh get your hands dirty viraj always loved getting his hands dirty he loves getting his hands dirty even now but that is both literal and figurative moving on to point number three we've spoken about careers let's speak about what you do with your money once you have that little bits of money in your hand what do you do with the money anyway yeah so the surplus cash let's talk about that once you build that core skill set once you've raked in some cash you're in your early 22 23s uh how how do you start the investment journey educate yourself about basic finance how do you do how do you do it you ask how do you do it how do you do it you ask we're living in the day and age of


you ask we're living in the day and age of the internet you have the rashna rana days of the world you have the ankur varicose of the world go check out their basic personal finance videos and educate yourself about what are equities what are stocks what what is crypto what's fixed deposits and why you should not invest in that ankara click educate yourself about the basics of finance and then move on to the next step of actually practically investing in these markets we're also not gonna cover the basics because we've covered them in other videos and we're pretty sure that if you guys are watching this video even y'all have seen all the videos we've seen on the indian internet so it's not really the time to highlight the basics but what i will also say is i personally always feared learning the basics of personal finance i thought it's a very unfriendly domain until i just started asking the stupid questions so at this stage at the point number three state ask the stupid questions


at the point number three state ask the stupid questions the right people will never make fun of you for asking silly questions yeah as the silly questions what is sensex what is nifty what is sip it does not matter it's not stupid either google it if you're feeling shy or just go ask an expert but if you want the direct call to action the basic financial advice that i've got from a lot of high profile finance ceos is you go in with the tried and tested methods which are mutual funds which are sips that's a great place to begin but speaking about personal finance we have to highlight point number four very very crucial in the realms of financial knowledge knowledge about the stock market again something that scared me a lot initially until i just figured that oh it's just these basic disciplines viraj actually has worked a little bit more deeply in the stock market what do you have to say i actually burned i mean i actually had a terrible experience growing up with the stock


had a terrible experience growing up with the stock market because my dad lost a lot of money in the 2008 crisis which actually scared me away from getting into the stock market a lot but what i did realize is that he was doing something which was not making sense he was trading on tips not on any sort of financial fundamentals not on any sort of research he was just getting tips and a lot of our fathers and that generation was purely working on tips but now in today's times with so many software with so many advanced apps with so much research coming through you know how to study the fundamentals of a stock so do that do your research and be a long-term investor to start with don't be a trader to start with and if you have see a capital of a lack don't spend 90 000 rupees trading on some stock that you got a tip for be a long term investor start small but start steady also keep in mind studying the stock market is just like starting a sport


studying the stock market is just like starting a sport there's a bunch of micro skills you need to learn micro disciplines that you have to follow throughout your stock market journey be it sound like rakesh underwater be it someone who's an intermediate level investor they all follow certain kinds of disciplines we're not going to talk about those in this particular video but you need to study the stock market before getting in when you're getting into the stock market you need to take a very small amount of money that you can afford to lose and experiment with that money because your little micro experiments in the stock market will actually make you a better trader now what will trading give you trading will give you a picture of how finance is in the real world trading will give you a picture of what's happening in the world of money in india all over the world it'll teach you a lot about yourself as well you keep increasing your self-awareness the more you trade therefore don't be afraid


the more you trade therefore don't be afraid of the stock market just learn the basics get in experiment a little bit get better and once you're more confident much more comfortable it's just like learning a sport once you're confident dribbling once you're confident passing you can actually play in a sort of semi-professional football match right and then the more you play the better you get that's how the stock market works but it begins by learning the basics the abcs you have to study stock market theory it'll be a lifelong skill and trade only when you've started your basic level of investing don't burn your hands by trading on a daily basis in for in fndos and all of that just focus on investing on working or and investing in long-term quality companies also now we're talking about investing in the stock market right so by this point you've picked up a certain amount of financial skills use those financial skills to open up more revenue streams to earn money from other places ideally according to


streams to earn money from other places ideally according to us the u.s stock market very crucial and just hear us out and point number five and why do we say that why the u.s stocks as well why not just the indian stocks indian stocks are fantastic but again the thing is that around us we're using a lot of products from the u.s stock market i'm watching and binging on netflix i'm using my macbook to watch netflix on i'm using the adobe products the premiere pro the photoshop and he's also combining adobe macbook and netflix to finally use the fourth product which is durex [Laughter] there's a lot of companies listed on the us stock market which which have products that we use on a daily basis so if i'm a daily user of these products why not also be part of their growth journeys because i see people around me using them all the time they're truly global companies and brands so there is a lot of growth potential in this market very specifically as well


of growth potential in this market very specifically as well yep which is the whole reason why we personally invest in the u.s stock market as well we bought shares of apple google netflix and whatnot remember one thing i've learned through the podcasting journey is that if you want to make money in life in business in the stock market scan your own day scan your own week ask yourself what are the brands you use what are the products you use study those products ask yourself if you can be a part of those products that's where this thought is coming from in the first place which is also why this particular video is brought to you by ind money it's an app we use to invest in the us stock market very smooth it's kind of changed the game for us we didn't have these kind of apps growing up we're actually happy that after we started earning money apps like this have come to the forefront but you guys are living in a different time while we may be five years apart i'm 28


while we may be five years apart i'm 28 you might be 23. you're a different generation the opportunities are fresh the opportunities are new and your job is to know about those opportunities know about those money-making possibilities so that when you're 28 you guys live a better life than we are living right now absolutely and just to get you started on this journey let's assume you're 22 23 or even 30 but you've not invested in your first u.s talk yet we're coming and giving you 100 rupees worth of free apple stock just when you use this coupon code to download the ind money app which is bb apple you will be able to get 100 rupees worth of free apple stock to your name why not use it just start your investment journey ind money is commission free zero commissions just get started with it remember guys we want you to make money we want us to make money boom we just maybe we just get some money and we'll move on to the next point now point number six while


on to the next point now point number six while we spoke about scanning products around you scanning brands around you understand where the cusp of something called the web 3 revolution when we were growing up the richest person the mainstream richest person in the world was bill gates if you study bill gates he caught on to the hardware revolution in the world before most people caught on to any caught under the software revolution of the world before most people caught on to it there's another revolution that's coming up which is a web 3 revolution this is a money making point at this stage maybe you can't directly invest in too many web 3 possibilities but your job is to study the theory of web 3. what is happening out there what is crypto what are nfts what is the metaverse it's not limited to just meta there's a lot of different aspects of the metaphors how is human life going to change how are we going to live differently by 2031. how's the world of ai evolving you guys


how's the world of ai evolving you guys have to keep up with technology to keep your eye open for future opportunities so that you'll be able to spot a particular company in the stock market where you can place bets on that company you know the dark horse companies so that you can see patterns before they actually take place in the real world before the world of podcasting came to india uh we had to rely on a lot of silicon valley podcasts to understand what's happening in the west but because podcasting has become a culture in india we've caught up with the west and silicon valley the western general is very excited about web3 you guys need to learn about it from a financial standpoint the only thing most people know about web3 is crypto and there are money making opportunities in crypto of course this video is not about cryptocurrencies we're not giving you recommendations or suggestions but the big financial suggestion is study web three growing up bill gates was the most traditional well-known


growing up bill gates was the most traditional well-known billionaire now there's this guy named vitalik buterin who's possibly the youngest billionaire to ever have come through when he's the founder of ethereum again there's going to be many billionaires coming through there's a bunch of people who made millions out of just nfts just by holding some nft for 30 days 60 days look up this thing called crypto punks yeah and that's the new big opportunity and the the fun part about web 3.0 is that it's completely decentralized so there is not one person only someone like a bill gates or a warren buffet who's going to make all the money in the world there are going to be multiple more billionaires that are going to spring out of this ecosystem okay now the cta for you the call to action for you for this web 3 point is what do you do now use twitter very actively there's a massive web 3 community on twitter follow them balaji srinivasan naval ravikanth


follow them balaji srinivasan naval ravikanth elon musk himself this guy is deeply into crypto himself and also check out discord that is truly where the whole ecosystem on web 3.0 is yeah that is truly like the dark horse of it all it's like the reddit of crypto yeah and get into podcast the tim ferriss show which is one of my favorite all-time podcasts he does a lot of content around crypto around web3 start listening to these podcasts because it'll be your edge in your career careers are gonna switch up over the next five to ten years and whoever knows how to traverse through that web 3 based world is going to be amongst the winners be amongst the winners so that brings us to the next point which is again more of a call to action style point we're talking about keeping up with the future spotting patterns before they happen a big part of spotting patterns before they happen is kind of filter out some of the stuff you're hearing from


filter out some of the stuff you're hearing from really old relatives or even your parents that's a different generation they looked at money in a different way you've got to turn to people ideally in their late 20s were stable or you've got to look at people in their 30s who kind of playing differently with money get advice from a lot of different people in the late 20s and in the 30s because that's what will shape up your view on money your v1 finance your view on investments a lot of uncles are going to at weddings tell you that real estate and all of that but you probably are not getting anywhere close to the returns in real estate that you are in crypto for example yeah again this is not an investment advice i'm not saying invest only in crypto but look at smarter alternatives there are better ways to make money than just investing in fds and real estate yeah like keep that returns word and concept at the center of your mind when you're thinking about making any investment


of your mind when you're thinking about making any investment okay even when it comes to real estate people are now not in a zone to buy houses unless that money required to buy a particular house is worth chiller worth coins for them then they'll go and buy it people instead invest in something called reits real estate investment trust now what is that again this is not a video about real estate we've covered this in podcast my point of bringing that up is the world of money and investments has changed and you need to keep up podcasts will help you keep up with it videos like this will help you keep up with it you've got to understand what's out there and be very unemotional about your investments that generation our parents generation those uncle and aunties generation they're very emotional about their investments real estate gold silver old school it gave you returns back in the day but now there's better options they were also very status driven right immediately as soon as you had like some money get that big mercedes


as you had like some money get that big mercedes get that big like suv and all of that now we're all about spending more wisely okay now the next point this is sort of the point that we've just crossed in our own financial journeys you know we're very active startup investors and we've gotten lucky we got lucky for two reasons we created a business that made money we had a lot of right place right time but we also worked incredibly hard secondly we attracted the right people once you've done something with your career in life you will attract a network yourself you also definitely have to work on people's skills you have to work on your networking skills but your networking skills will bring you the startup opportunity there's a lot of people in our country with money there's not a lot of people with the right kind of networks with the right kind of access and honestly startup investments purely come with access it doesn't matter if you have 100 crores sitting in your bank if


you have 100 crores sitting in your bank if you cannot add value to that startup the founder will not want to give you equity will not want to put you on the cap table what matters is the right kind of expertise that you bring to the startup and the right kind of access that you have your friends or friends who are running startups and are looking to raise funds and want you on the cap table that's how you'll be able to build that network and you know this is something i tweeted recently please take this as a big career lesson before learning how to make money learn how to make friends and retain friends as well because when people really like you they are going to bring opportunities to the table go for conferences go for networking events go for parties talk to people you don't know at this stage the call to action for you is work on your people skills work on your career so that eventually in life when you worked enough on your career and you built enough through your people


on your career and you built enough through your people skills you're able to win hearts you're able to win the right kind of opportunities which will get you the right startup investment you know startup investments work so technically viraj and myself are angel investors now what's an angel investor on the outside people might be thinking that oh they're investing crores and startups it's not like that yeah imagine you have a buffet of 10 startups and you put five lakhs in each of those 10 startups it's very likely that only one of those 10 will actually succeed the way you wanted to but that one which succeeds now you spent only 50 lakhs the one which succeeds will give you 600 x returns 200 x returns which makes up your money and more so you've made money through that one startup now you've got more of capital you take some money out put it into your savings you're left with the remaining money which you can again divide into multiple different startups in small amounts that's called


into multiple different startups in small amounts that's called angel investing and this is how angel investing works in the cream layer of india as well true and again this is not investment advice and we also are very aware that 50 lakhs as an amount is massive but when you do build that leverage when you do get to that stage i personally would much rather invest that 50 lakhs over 10 startups purely for the fun and joy of getting involved with so many startups and the minute possibility of getting an exponential return than spending that 50 lakhs over an suv that's purely because of the person that i add yeah you need the right kind of guidance you need the right kind of mentors you need the right kind of people to bring you the right kind of opportunity so there's a whole game to be played or maybe we'll talk about it in detail in another video okay which brings us to the second last money tip this is not gonna be very elaborate simple point once you


not gonna be very elaborate simple point once you have a certain amount of capital that you made through your business through your job play with the money a little bit have something called an abundance mindset look at that money as potential look at it as something you can use to build more money to build more services to build more products to build more jobs have that kind of mindset when it comes to money after you've secured a certain amount of money my formula to that is if i have enough capital to live off of six months without having to do any job or any kind of work i have the ability to take risks and i will take those risks in terms of investing in new businesses investing in new asset classes and things like that again i'm not going to elaborate too much i've actually made a very detailed video on my own personal finance strategy go check that out i've spoken about attack-minded investments especially in business this is what they're talking about once you have a certain amount of


talking about once you have a certain amount of money you saved up think of the money that's left and don't look at it as money don't look at it as coins that you use to buy food or clothes look at it as coins which will build much larger coins have that mindset switch and finally the 10th point another mindset based money tip just learn to have fun i keep reading these tweets about oh if your father had bought that royal enfield stock or iker motor stock instead of buying the royal enfield you would have been worth thousands of crores what no at that point my father wanted to go for a ride and wanted was a bike enthusiast so it does not matter stop thinking of these as missed opportunities if you want to buy that car if you want to buy that bike please go ahead if you're an enthusiast please learn to have fun but also know that that probably is a trade-off and if you're okay with that that's not an issue learn to have fun


with that that's not an issue learn to have fun don't always think that hey if i have 500 rupees in my hand should i choose a domino's pizza or should i choose the jubilant food works stock it's okay to have that domino's pizza because you're craving it at that moment stop making choices off thinking that hey should i be spending money or should i just be investing but if you're only going to invest invest invest you're probably not having fun in the moment which is equally important especially when you're young you know honestly while it's beautiful to invest you don't want to die with 99 of your wealth in your bank what have you used it on even what experiences have you had yeah even though we've highlighted money so much in this video it's because the video is about money it's not a representation of everything that's in our heads or how we look at our careers or life when we scan our careers when we scan our life the best moments were experiential when we traveled


the best moments were experiential when we traveled when we met new people when we had good food yeah when we created things when we experienced things together when we explored the mountains when we explored beaches spend on experiences as well but spend in a disciplined manner absolutely that's the crux of it balance is important ensure that you invest but also ensure that you spend like on the right things on things that truly make you happy yeah and finally maybe we can end with very very rapid mistakes that we made when it comes to money maybe in one or two sentences we'll play a ping-pong of mistakes with you go first mistake number one i invested in some u.s talks which i went terribly wrong with purely because i used it on a tip one of my friends said that hey chinese stocks are going to go through the roof invest in them this was during the covert period but there was a big crackdown on billionaires by the chinese government and all the chinese


by the chinese government and all the chinese stocks went super low alibaba baidu what not i lost a lot of money and i sold them for a loss okay so for me the mistake i made was i had a very deep-seated fear about getting into personal finance i just thought it's a skill which will take me very long to learn and it'll be very difficult for me to learn and i say the same thing about coding as well right so many of us say the same thing about coding or mathematics you've just got this mental block against it but once you get to it once you've got a friend to explain it to you trust me it becomes a lot easier it's a lot more difficult in your own head so i wish i had invested earlier ideally in college yeah just one other mistake stop timing the market oh this is at a peak the market is at a peak i should not invest i should wait for later bitcoin is at a peak reliance talk is at a peak itc has


peak reliance talk is at a peak itc has a is at a peak sensex is that a peak i will not invest now i will invest later but the market just keeps going up going up the only way to tackle this is stop timing the market just keep investing small amounts every month next mistake from my end staying away from twitter for a very long time you won't believe how much of a self-improvement journey twitter can create for you if you follow the right accounts mostly people think twitter's political or twitter's negative you are missing out please open yourself up to twitter even now we get a lot of our financial inputs and directions through the world of the correct twitter accounts absolutely so this is what it was with regards to our mistakes bottom line be smart with your investments start your investing journey and again we've got that 100 rupees of free apple stock for you the code is bb apple use it explore it make money and so will we so i hope you like this very kind


will we so i hope you like this very kind of different video we try to make it as practical as possible we highlighted money and we spoke about money as it is if you liked it make sure you share it with your friends man india needs to catch up with the world when it comes to financial education that's what we're trying to do through video content trying to showcase our startup journeys all our mistakes all our trials things are never perfect things uh have to be kind of molded into trying to be perfect things have to constantly be improved and that's what we're trying to do with your heads we are improving with our own personal finance games bringing all those learnings to you boom so check out okay so that's the video for today one more thing i'd like to highlight about ind money is that you get to track all your different investments in one single app in a world where all of us use so many apps you want to know what your net worth is you want to know what


what your net worth is you want to know what percentage of your money is parked away you can track all of that through ind money that's what we've been doing lately as well check it out get your finances organized and you know in the most positive way grow up just a little bit because it feels good after you've grown up just that little bit and to end this fantastic video just putting this out there again get started with your investment journey use the bb apple code coupon code to get 100 rupees of free apple stock once you download the ind money app through play store or app store you're sending you some money making energy yeah so that was the episode i'm sure that by this point you figured how genuine the advice was because that's what we really tried bringing you through this episode you know you always want that kind of elder brother figure to teach you a little bit about money i feel that people closer to you in terms of age but people who have a lot of experience as


age but people who have a lot of experience as compared to you they are your best money advisors in life and that's what i have observed from my own life taking advice taking money advice from lots of different people so i hope you enjoyed this episode remember to follow trs on spotify every episode's available on spotify 48 hours before it's available anywhere else in the world beautiful fun pc episode done right maybe we'll turn this into a series hopefully we'll get a brand to sponsor the series and make some more money okay i'm kidding hopefully you guys will keep following the runway show and you'll keep growing and keep learning boom shakalaka [Music]


welcome to a very informative episode of the runway show as a podcast host i'm very conscious of the fact that audiences are evolving at a very fast rate people know the basics of personal finance everybody nowadays knows how to handle their money heck i even believe people know the basics of how to operate in the stock market so in this particular episode we brought on a stock market expert who's also a fintech entrepreneur to talk about the stock market from both a basic level and advanced level and bring in a level of conversation which we are bringing to the ranvicho for the first time which is bits of current affairs bits of what's happening in the world in the modern day whether or not you're interested in financial education i promise you you're going to gain from this particular episode with one of the most learned people we've had on the show mr vivek bajaj his two organizations elearn markets.com and stockh.com have made a huge mark in the financial services sector remember to use the coupon


in the financial services sector remember to use the coupon code beer biceps to gain benefits from these two fintech products what do the companies do who vivek bajaj is how he looks at the world of finance how he looks at money i'm gonna let you guys discover for yourself guys the one thing i also want to highlight about this episode other than everything else that i've highlighted is that we will be addressing the money making opportunities in 2022 when you want to watch the entire episode to consume the entire episode if you want to learn about the opportunities from a 360 degree perspective it's not just enough to get tips when it comes to finances and tips when it comes to the stock market you need to learn how things work so here you've got someone with a lot of years of experience telling you that if you want to make money in the stock market or money through your investments this is how you do it what i promise you is that this will be a very key conversation


you is that this will be a very key conversation in shaping up how you look at personal finance or financial education it was a very important conversation for me from a financial education perspective and i'm sure that would be the same for you remember to follow the renovation spotify because we're spotify exclusive now all these informative episodes will be available on spotify 48 hours before it's available anywhere else in the world so without further ado this is vivek bajaj featured on the runway show he's also a youtuber which makes it all the better enjoy [Music] [Music] welcome to the ranveer show hi how are you sir has anyone ever cracked this joke with you where they tell you that you sound like a really rich person just because of your name yeah because of the bajaj i guess unfortunately not related to them um i think today i'm going to learn more deeply about the stock market i'm going to learn more deeply about the world of finance because i spoke to a friend of mine


of finance because i spoke to a friend of mine nikhil kamath of zeroth and i asked him that what is the big life gift of being in the world of finance in terms of how does it benefit you as a person and he said that you get a very clean picture of what's happening in india and the world from an economic perspective also you can study what's happening in people's minds and also obviously if you learn the game there's a lot of money to be made but from a live perspective it's this you know you get to understand what's happening out there so that's what we're going to do today so this is amazing this is the 2022 and maybe 2023 money making plan for the audience so keeping that in mind what has covet done to your world of finance what has kobe done actually uh what has happened was overdue if you see finance it's it's the most basic life skill everyone should know and covered has uh pushed that need of knowing


and covered has uh pushed that need of knowing this life skill and it was this was ought to happen because people lost their jobs therefore they figured oh there's instead of going for a job you can actually make money here correct and people who lost the job they had money so they were thinking that what do i do with this money right from all from all angle people who didn't uh have a career they were thinking okay oh this is such a stable career i'm always there whatever happens i can still pursue this career so everything everything change from education perspective look at the way people have gone ahead and started learning about this subject because finance is a is our it's our heartbeat right we have to know about it because today you may not have job tomorrow you have job finally your money should make more money out of it right so how do you deal with it is something which people have realized people have gone on in basically yeah i want to highlight three learnings of mine from this past two year


highlight three learnings of mine from this past two year period of learning finance one there was a massive finance boom in content people were learning aggressively about finance on the stock market that led me also to learn and what i figured is that making money through stocks or through knowledge about the world of finance is very disciplinary what i mean is there's a certain set of rules and patterns and if you follow those patterns if if you figure them out over time and if you continuously follow them you will make money it's not as risky as people think and a lot of people don't enter the stock market or that fee of oh i won't be able to learn the skill or lose money you know they think of it as jewel as gambling but it's not that if someone teaches you how to bat you'll be able to bat well uh that's the first learning that this is a very learnable skill if you're just slightly disciplined you're not supposed to use much creativity use a set of rules the second


use much creativity use a set of rules the second thing i figured is actually ankur varaku made a video on this recently he said that um he gave her he gave a chart for financial independence by the age of 30. and i believe it was somewhere around the range of one crore as if you earn one crore rupees with that amount of money considering all your expenses also if you are able to save up around one crew you're actually set for life you can even plan for your retirement with just that one coin he explained how in that video which is quite doable if not by the age of 30 by the age of 40 for a lot of the listeners for a lot of the indian population so that financial independence goal is in reach for a lot of young kids and they need to understand that and the third thing i understood is that um just right now people have understood the basics and they want to learn the advanced aspects of the stock market of the world of finance which


of the stock market of the world of finance which is where you come in mr vivek bajaj so teach us that as well like you know beyond the basics of learning those disciplines what happens to a trader in the long term what happens to the mind how are you supposed to keep up with the game because in many ways it's like a sport it is it is a sports whenever i am speaking to the new investor in the market i always give an example of my interesting dhoni that why dhoni is probably technically not a very superior cricketer who would believe that helicopters thought would exist but he was the one who is now known to be one of the greatest cricketer india has seen why because of his perfect combination of skill and temperament right so stock market is exactly that so when you are entering stock market consider that you are entering a serious sports activity and you have to do all kind of things which a typical professional sports person will do let


things which a typical professional sports person will do let me just talk about that point number one you mentioned that we were always scared about stock market that was because i belong to a generation where my father figure they have always told us to stay away from stock market and we can't blame them for that because they have seen harshad mata they have seen ketan barak and people have lost a lot of money right when market was not so regulated so we were always told even you know my father he's in stock market and i'm in stock market but my father used to tell me don't come to stock market pahlalikai karo and just tried to do something else which was irony why will my father who has made his livelihood to stock market asking his son not to come to stock market it's like a doctor's son doctor is saying don't come to the doctor occupation so that generation has seen the tough time because market was not regulated we as well as the next generation is seeing a much


as well as the next generation is seeing a much better cleaner structured and rule driven market so learning makes a lot of sense now because participation is bound to go up and it's a life skill as i said that if you want to succeed in your career stock market is not just for investment no we have this misconception that i need to learn stock market because i need to invest that's that's not the right approach it's for your career if you know stock market you know various industries you know what is happening in the new world then you can plan your record a career accordingly if you want to get into business later knowing the stock market in detail is a great life skill that will lead to business or another profession yeah it could be a job maybe a profession that doesn't even exist right now right and you can predict it correct so um so like you know what can gen z expect cello if they want to get into the stock market right now like how you said once regulations were


market right now like how you said once regulations were introduced for your generation that made things cleaner and more learning oriented the cello you learn the correct technique to bat and then you'll be able to score hundreds what would you say to gen z what's going to change now going forward in the stock market see overall environment if you see in the coming few years technology is scaling up things like anything because of that cost of a lot of things is going up now in a almost negligible real interest rate scenario if you have to beat your investments or money making opportunities from the investments where do you go stock market is the place where you have to explore opportunities and beauty of stock market is that there is opportunity in every crisis so when covet happened major crisis no one was expecting it and after the crisis people said that things will go bad and market will crash but then there were a lot of companies and sectors who got benefit because of the crisis for example financial inclusion


benefit because of the crisis for example financial inclusion so broking firm state good banking overall date code and dmat account cdsr did good why because work from home and prayed from home that became the most obvious thing and these companies got the benefit of pharma sector did well because suddenly everyone was talking about far more hospital sectors could so in every crisis there is an opportunity um yeah um it's also parallel with the world of content when something happens you make content around it you'll gain numbers yeah and one thing i forgot is there are some parallels between the world of content and the world of finance but keeping that mind because we're making finance content let's actually answer that question right now and i have so many more questions about india about where the country is going bagara uh again for that gen z kid who is probably 20 21 years old now has 10 000 rupees wants to get into the stock market how would you go about it i'm even asking you in terms of how would you


i'm even asking you in terms of how would you learn those first few skills and then how would you actually apply it in the stock market at your age now you're in your early 40's now and i'm sure you're very different from how you were at 19 20 and i'm also sure you've learned from your mistakes yeah of course what are the mistakes you want to talk about what is the strategy you want to talk about to a 21 year old in 2021 okay so first thing first we have to understand we are here in this market to make a 50-year career so we are 21 and we will be there in the market at the age of say 70 that means we have 50 years so we should not be in a hurry yeah you don't want to make quick bucks in four to five months stock market is not a video game where we aspire to make quickbooks so take your time in understanding what is happening in the market secondly because your capital base is small don't expect fireworks don't


your capital base is small don't expect fireworks don't expect that you'll make 10 lakh in couple of months or years just with 10 000 rupees so you have to increase that capital allocation from 10 000 to 20 000 25 000 40 000. as in take small risks try making a profit of 1 000 rupees 1 000 correct build it up to 20. make profits of maybe one thousand two hundred correct build it up to thirty then gradually keep increasing with how much money you're playing correct so there will be two things one is you make money out of the capital which you have and at the same time you're gaining confidence because market really values experience and confidence so once you are doing that your ability to deploy more capital goes up so if you started with 10 000 and suppose you made 2000 out of it 12 000 you made 2 000 may be a very small number because now everyone has a very flamboyant lifestyle so for us 2000 would be like only one dinner but you don't


would be like only one dinner but you don't understand the power of this 2000 make money to your confidence so after a point of time maybe after one quarter or two quarter you may actually think of allocating more capital so from ten thousand you then go to twenty thousand further then fifty thousand further so that some point of time you can actually tell your near and dear ones that why don't you give me your capital i've learned this art of managing it well and i'll manage it for you i want to highlight a qriket example again you see in the ipl there's a lot of young cricketers who come with yasha sweet as well sarfaraz khan you know these young good batsmen they're never allowed to open the batting very rarely yeah exception most of them are told to bat at number five and in the innings it's okay if you you know get out a few times and then the next season that same batsman who's battered at number six or number seven starts


who's battered at number six or number seven starts batting at number four or three that's there for a few seasons and then eventually you decide that okay i'm good enough now to open the batting and then you become an opener this is what you've seen in rocharma's career also in the t20 will come in 2007 he was the number six batsman i believe and then gradually worked his way up the order because you score a few runs you gain confidence you go to the next level and then once you're the opening batsman you know how cricket works therefore you take risks therefore you even try hitting bradley and glenn mcgrath for success so it stock market from the outside seems exactly like this that do not focus on flamboyance at the start because you're seeing people your on social media making a lot of money that's a whole different world that's a whole different skill set also the other kind of psychological and life point i'd like to highlight is everyone has a


life point i'd like to highlight is everyone has a different timeline to their storyline so for young college kids stop comparing yourselves to people your age who are probably social media stars they have a different timeline but if you play well in the stock market you might have a career at 30 when that person won't and your career might go until 70 then that person would have long been gone so perceive your own game like that and to do that work on your temperament a lot more then just flamboyance at the start correct absolutely bang on somebody specifically with those 10 000 rupees what would you say do you spend some money on a course do you go to a mentor do you like what would you do if you had 10 000 rupees in your hand see there are a lot of content good content creators who are giving their best content online these days i mean i also record a lot of content in my youtube channel so uh technically with 10 000 there is no point in going to a mentor or


there is no point in going to a mentor or a course to start off with it's good to go through all the free content where i find out the right source of free content and go through it and start deploying this 10 000 rupees uh not in one go the market is the biggest mentor until as you swim you will not learn surveyor i can teach you from behind the door but so best way to start is deploy in uh say in a mutual fund start with it uh 500 rupees in a mutual fund you will feel good about that process of deploying that 500 rupees and then look at that mutual fund where you have invested look at the stocks where the mutual fund has invested all the informations are available in multiple property products these days and when you look at those stocks you start questioning yourself that oh what is this company into is this company is into x industry why industry so imagine a mutual fund where you have invested 500 rupees only and they have invested in 50


500 rupees only and they have invested in 50 stocks with 500 rupees you get an opportunity to know about 50 stocks you have you should have a curiosity that oh i should know about this 50 stall what are they into and then after that curiosity you gain confidence so this looks interesting let me try with another 500 let me try with another because the beauty of stock market or mutual fund is that this 500 rupee will not vanish because mutual fund you will not see a major drawdown in couple of days so you can keep on allocating 500 500 508 and you make a portfolio of say 5 000 rupees to start with and you have an understanding of 50 stock once you develop that confidence that yes i do understand then you start getting into allocating more capital i'm assuming that a lot of the listeners know these terms by this point but if someone doesn't understand the term mutual fund it means basically a company which manages your money for you basically yeah where there are experienced stock traders


you basically yeah where there are experienced stock traders in the company so that 500 rupees will be divided into a bunch of companies and even if some of those companies lose or if some of those companies win it's very likely that overall on an average you will win yeah because of the averaging out of all those 50 companies that the mutual fund invests in but now we will carry on with the world stuff yeah this is this is about investing but there are certain people who want to be actively involved in trading so investing is like you you park your money for a longer term wealth creation and trading is that you want to be part of the market right there right now so i also feel there's like three levels of investing just want to add that the first is the kind of investing you spoke about where you invest with mutual funds where you're guaranteed some amount of money the second is later on in life you go to a portfolio management service and they invest your money for you


portfolio management service and they invest your money for you but again the minimums they are like i think 10 lakh pms is 50 lakhs 50 lakhs okay i think it used to be lesser it used to be 25 likes yeah it used to be 25 now it's like become 50 lakhs yeah um so and then you know once you make that kind of money left and if you don't want to manage money yourself pms i feel is the way to go yes i've been advised so yeah um the third way of long-term investments is your blue chip stocks yeah as in stocks where you know that okay this company is definitely gonna grow great example of that is tesla with what's happening internationally yeah a great example of that is reliance because of the track record of reliance and everything that they're trying to yeah tata uh like which which data take any type of stock here they have done so well in last one year yeah so these stocks you know that if you park your money there


stocks you know that if you park your money there it will grow with time uh one thing i've learned is that the second way of looking at investing money is uh daily trading where you're supposed to look at the green waves yeah in terms of you have a chance to make more money by trading regularly by just holding on to stocks in the long term if you understand how markets work and this is the skill we're trying to highlight correct how do you crack that skill of daily trading correct so one thing i want i've understood is you ride the green waves yeah uh am i am i right and say yeah yeah when something's going up you let it go up for some time and then once you really see it going up and you you feel like yes i can take a bet on it you bet on that riding that green wave yeah uh and similarly with the with the red waves you don't immediately drop it off but after it's been dropping for a while then you drop it off yeah


dropping for a while then you drop it off yeah yeah you you pull your money out of that yeah and eventually the skill of the stock market is that uh you can sort of almost do a little bit of pattern recognition yeah because you've done it for that long yeah please correct me from wrong no no you are i'm actually quite uh surprised uh your explanation is absolutely bang on okay when you are trading the market uh for you you don't care which company you are trading it's the price where is the stock price which you are trading so it could be tesla you are trading or it could be reliance or any company you are trading which is the price you are trading and price is the reflection of uh the law of demand which is if there are more buyers price will go up if there are more sellers price will go down which is why you need to understand the stock market from behind the seals yeah in terms of you are seeing names numbers of companies but if you


you are seeing names numbers of companies but if you also read the news if you also understand other industries if you have friends in other industries who tell you that this company is making a great product and it's likely that their stock price is going to go up yeah i'm guessing that's the next layer that's the uh so let's divide this into investing in trading so what you are saying is more valid for investing because you are investing in the product of the company or the business of the company but when you are trading it doesn't matter that what the company is making or what announcement company is going to make because the price which is already behaving in a certain manner is a reflection of the performance of the company so these are two different things okay either you are investing we are looking at the business or you are trading where you're looking at the price okay can you highlight that uh trading where you're looking at the price a little more in terms of what does that really mean


little more in terms of what does that really mean yeah so a price means uh what market is perceiving that this should be the price of that instrument right now based on what the company has done in the recent past no no then it has it i mean let's it's not yeah it's mathematics okay could be because of that but when someone is trading the person is not trying to relate the price behavior with actions which is done by the company it's very mathematical methodical yeah like you are just seeing the numbers adjusting video games yeah we are not trying to relate price that today price went up because this happened no always assumption is that price has all these information embedded because someone who is better in the market better than me has already acted on the price and price is a reflection of that action your role is to figure out that what will happen to the price next so it's more maths it has nothing to do with the company and how do you figure it out that there is a science there


you figure it out that there is a science there is a science where which which is derived out of law of demand and supply that if we know that there are more buyers in the stock right now at this moment then the chances that price will go up is high so you also become the buyer now how do you know whether there are more buyers or sellers there is a science which is called technical analysis this is why they say don't apply creativity in the stock market follow the set rules uh if you reach that point when you are able to define the rule and you follow it that's like the ultimate stage of your you know it's like a nirvana moment that yes i have been able to crack that code is that why people look up to nikhil karma and rakesh junior that much because those guys have reached some certain mental stage where absolutely could you describe that a little more what makes these two men special because i keep hearing these two men's names i don't know much about


these two men's names i don't know much about nikhil kamad his style of trading uh rakesh and junjawala i know because you know i have seen him growing so what makes him special is his uncanny ability to not just understand the company and the business but also to understand the sentiment inside the stock price and sentiment looks very vague term now that how do i measure the sentiment but sentiment is a reflection of the kind of buyers and sellers who are there in that stock sentiment is a reflection of whether that price is perceived to be the right price or the wrong price so his study of people his study of people you remember market was a pit trading which was outcry system so people used to shout and there and i i was part of that generation also because i've seen my father in calcutta stock exchange shouting and making all kind of hand gestures or that guru movie where people were shouting in that monday and all kind of hand gestures were made that time every


all kind of hand gestures were made that time every gesture was talking about something and people used to read the other counterparty through their body language through their hand gesture this people who have lived that era of reading humans reading the body language have been able to adapt market in a much better manner now is totally electronic that means you have only price in front of you how do you judge the buyer and seller based on the price which you are getting that is the different science raki junior is special because he has been able to transit himself from that outcry to electronic trading [Music] nikhil karma probably he has been able to decode that screen based trading in early part of his life and i will not deny that it's a gods gifted at times for people it's also part of genes where if your father has been doing it it becomes natural for you to adapt it fast but this is a skill one can garner easily you know speaking about rage and nikhil karma i also want


speaking about rage and nikhil karma i also want to bring back the example of ms dawn you brought up early on the show um you said that you need a basic level of skills the science of the stock market which is very mathematical very methodical someone needs to just tell you that these are the things you always have to follow for the rest of your life then you need temperament which is why you brought up dhoni and you said that maybe he's not the most talented cricketer ever but his combination of temperament and skills is what has taken him to the top also there's one more thing i would like to add to the dhoni skill set which i see is common with what you say about drakke junjan which is observational ability yeah observing other people have you seen all those videos of dhoni magic moments behind the stumps where he indicates something to his bowlers he says that no do this he's actually built many bowlers careers kuldeep yadav mohit sharma the late


careers kuldeep yadav mohit sharma the late part of harvard singh's career ashwin because he's worked with them in order to get them more wickets that's why dhoni is also such a respected captain that basically boils down to studying your opponent studying body language studying the situation observing very calmly the less calm that's in your head the less the observation ability also the more calm the more the observation ability you never see dhoni reacting on the field he just acts he responds to situations and stock market is such a place which will always give you uh uneasy situations the real differentiation comes how do you react when situation is bad the market went down by say four percent today how many people will calm compose smiling very few and most of the time people who lose money they will get disturbed mentally they will react they will show all kind of you know body language which is not and market doesn't like those kind of body languages see for us when i was young


of body languages see for us when i was young and i belong to that generation of nikhil karmas of the world i have seen my father talking to market uh when it was online market so my father talking to mark my brother who's a trader he's been trading since the age of 16 and he's right now 48. these guys talk to market in the screen they look at screen and say to the market that why did you make me wrong today oh wow what a lovely trade i did pat in the back so we're there talking to market so for me market is also an entity it's a personality and if your personality matches well with that personality then you are here for a long wealth creation i always say like i am not built for stock trading because i'm not a number oriented person and and that's why i don't want to learn the batting also and it's fine like my money is coming from other places but uh i do believe that in terms of temperament it's


do believe that in terms of temperament it's basically what you said right like it's you stay calm is that what you mean by personality fit and the reason i ask you this is to help the listeners understand whether or not they are built for the market so could you list out what you need i'm guessing you need to love numbers you need to love data you need to love studying different industries correct uh but in terms of temperament what do you need and can you build up those things when it comes to temperament so uh how do you build temperament so most of the time things which are unknown in our life we are always worried about those things the moment we get the knowledge of that thing we become very comfortable with it temperament also is something which for each uh for each occupation if a chartered accountant will have a different temperament and iitn will have a different depending upon the occupation that person has so you need to spend some time uh in the market to


need to spend some time uh in the market to realize what kind of temperament you have and what aspect of market fits you well so your temperament cannot be measured there is no tool which says that this is what you are and this this much risk you can take or this much you know you will have so much of nervousness if you lose this much money so it takes some time to be there in the market and it comes naturally that okay i'm i'm meant to do this and i'll do only this in the market but the problem is people don't conclude that they're fighting with the market all the time why is this not happening with me maybe you're not made for that and that will happen over a period of time and i will also say that people should also be open to the idea of quitting the market maybe it's not meant for you why are you fighting maybe your neighbor was born to make his career in this market why you worried that he made a lot


this market why you worried that he made a lot of money and you are not able to make money so temperament i can't give a mathematical equation that this is exactly what is needed because it also depends upon your risk appetite your background how much money do you have to lose because in market we always say that if you save losing money you will make money the problem in market is people lose money and get out the moment you restrict that losses in the market automatically you'll make money because the character of market is that it will give you money you know when they say barbados when you talk about someone who lost all their wealth in the stock market i think it's an outcome of situations like this yeah where you're forcing yourself to be there yeah uh there's a story where someone had once asked the buddha uh hey buddha i want happiness and the buddha responded by saying okay if you want happiness remember this you said i want happiness remove the i you're removing


said i want happiness remove the i you're removing the ego remove the want you're removing desire and you're left with happiness and i would apply the same rule to i want money yeah in the stock market yeah you say i want money remove the i you're removing the ego so learn all the skills be very humble about it and remove the wand therefore you're removing that inner urge and you're working on your temperament by removing the wand you're being a little detached almost from it you're approaching it mechanically correct great would you agree it's like yes absolutely absolutely i think it's a universal truth which works in everything and market is not very different we just have to yeah but also also in saying that i don't want to discourage young investors from investing the stock market at least as long-term investors see we are talking about trading huh whatever interaction we had we were because trading is a very different ball game investing is like you have to do it yeah it's no choice


like you have to do it yeah it's no choice what is equity investment for you know someone who's just beginning in this world okay so equity investment is when you are investing in any company believing that the company will grow in future right you become owner of that company by buying one share of that company so if you believe that reliance is doing incredible work this is where you have to focus on the product of the business of course because product drives the growth and making uh presumptions about the future potential of the product is the art which will differentiate me with rakesh in walla because he can make a much better prediction about about titan or tata motor then i because i am not well read i probably have not so much of exposure he has many people around him who is giving him constant feed so are you part of a good network are you part of that you know that classic circle of good influence which is giving you right feeds in your mind so that you are channelizing


right feeds in your mind so that you are channelizing that knowledge for the right stock identification yeah for sure what people don't understand is they talk about high-risk high investments i just want to paint a real picture what's happening in the content creation world right now so there's content creators who uh are earning money everyone's earning money in this industry there's a lot of them who are spending money on cars and clothes and all these things and then there's a few content creators who have kept a significant portion of the earnings on the side say about a crore of rupees okay divide that into 5 lakh or 10 lakh packets so that gives you what 25 lakh packets they're investing 5 lakhs and 20 startups yeah now even if one of those startups takes off you have probably made five crores at least from that one grower investment yeah you're doing your own kind of mini mutual fund and this is happening right now yeah often when we talk about startup investments a lot of young


when we talk about startup investments a lot of young people visualize oh he's investing crores it's not close it's about five six lakhs usually um there are people who choose to invest 10 15 lakhs if they really believe in a startup and then definitely there are companies where uh they they require a minimum of like one two crores but mostly it's in this five six lakh range you can begin your startup investment here and what you're talking about equity investing is basically a version of what people refer to as startup investing right now okay if you believe in the product that this group of people is building yeah then it's likely that your investment in that product will benefit you in the long term yeah um so what if what if you don't have five lakh to invest because startups will not entertain ten thousand rupees from the right but you still want to invest in startup what do you do that then you need to identify a company which is listed and that company probably is investing in