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The Cost of Regular vs. Direct Funds - Revealed
Main Post:
I recently appointed a fund manager, who also happens to be a relative, to manage my investment portfolios. I didn't do it because I couldn't handle my funds; I did it to offer him an opportunity. He’s an NSE-licensed distributor and insisted on managing my investments under a new NSE portfolio linked to his reference number. I was okay with that, trusting him to act in my best interest.
But recently, I discovered that all my investments were in regular funds instead of direct ones. When I confronted him, he claimed the difference in CAGR would be less than 0.5%. Then, he started making some outlandish claims like fund houses give priority to regular investors during crises, and that regular funds are safer in events like wars. It all sounded like nonsense.
So, I did my own research. I’m investing ₹30,000 SIP monthly, split into 6 different funds at ₹5,000 each. After calculating, I found the actual difference in CAGR to be 1.32%. Over a 10-year period, this would lead to a loss of ₹1,348,767 in total gains if I stick to regular funds. That’s equivalent to 44.96 months of SIP investment or nearly 3.75 years of investing! (would give a tornado if I do it for 30 years!)
Despite the various commissions and incentives he’s getting from the fund houses, this guy chose to prioritize his own gains over mine. I’ve decided to take charge of my own investments from now on. All I need is a mix of index, flexicap, advantage, midcap, and small-cap funds for the next 20 years as this is part of my retirement corpus. And honestly, I have access to far more knowledgeable people who can guide me way better over a simple cup of tea.
Just wanted to share this experience with you all. It’s disappointing, but thankfully, I caught on within 7 months, so the damage wasn’t too bad. If you’re in a similar situation, do your research and don’t be afraid to take control of your financial future.
EDIT 1:
- The point being emphasised here is the difference between direct vs regular funds. Not a fund manager earning his money for a living. However, i strongly insisted on showcase of transparency and integrity by a fund manager which I believe should be the primary trait to have a long term relationship.
- In my personal case, being treated like a dumb and practising intellectual untouchability by saying 'you won't know' kinda comments and throwing bluffs like 'NSE MF house won't give your money' is never a good to go relationship! nothing at the cost of trading the self respect! Hence the post..
- Special mentions to my friend, u/raja_rengaraju who is a seasoned investment consultant who has helped me figure out all the calculations and arrive at this rationale over a 'cup-of-coffee's time! Thank you, Thala
Top Comment: Chances of getting screwed by relatives > Chances of getting screwed by an online stranger
Getting v.redd.it direct links with imagus mod?
Main Post:
Hello, with the original Imagus extension I am able to long-press v.redd.it videos, right click and "open in new tab" or "copy link address" and get a direct link such as https://v.redd.it/uo1mlcbqyijb1/DASH_480.mp4#mp4 that are very handy for directly embedding into Discord channels and such, albeit without any audio, but that is fine.
I have just upgraded to the Imagus Mod, and v.redd.it links now have sound which is a great addition, however I am unable to right click and find the "open in new tab" or "copy link address" buttons since it opens a new player without those options. I am somewhat able to get around this still by inspecting element, which brings up this line here which for some reason is DASH_96 which is an abysmally bad quality link but I can replace 96 with 480 and get back to the same direct link as before.
Would there be any way to facilitate this process with the mod?
Top Comment: If you don't need sound, then you can just turn off the new player and go back to the old one. If you need sound (and the ability to download videos), you can use any download manager that can download videos in HLS/DASH format. For example, IDM (Internet Download Manager). It creates a download panel next to the video and there you can select the desired video quality. Then just look in the download properties for the source address.
Wheel on trainer v direct drive trainer feel/gearing
Main Post:
I just got a kickr to replace my saris m2. On the m2, I would use the small ring, low gears to establish a comfortable wattage for free rides on flat courses.
On the kickr, to get the same comfortable feeling on flat courses, I need to ride on the large ring and will spin out on on most of the gears while in the small ring.
I assume the difference is a result of how the drum on the m2 applies a lot of pressure. However, I did not realize the difference would be that dramatic. I could also just have the kickr setup incorrectly.
Anyone else moving from wheel on to direct drive have this experience?
Top Comment:
The direct drive trainer is probably much better at replicating the resistance that you would feel on the road. Is your gearing similar to what you would expect on the road? Moving from a dumb, wheel on trainer to a smart, direct drive trainer, i definitely found that i was using larger gears.