Builder | Father | Founder @usemoneyAI https://xitter.cf/t.co/zrlmJQRGN2 Also built: @ratecreator - https://xitter.cf/t.co/7R5M59bYAp Blog - https://xitter.cf/t.co/ctqZgh32OG
India
Joined May 2024
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First public pitch for @usemoneyAI as part of Momentum by @Devlabs_club
Thanks, @BhoomiSinghani and @geeky_dan, for your support.
Shaswat Deep retweeted
the 2am one last test is the actual launch xitter.cf/OnePersonHQ/status/209…
A tree that never feels wind grows tall and thin, and cannot hold itself up.
Botanists have a name for it: thigmomorphogenesis. Every gust bends the trunk a little, and the tree answers by growing thicker and stiffer instead of taller. Shelter the same seed and it shoots up faster, then buckles under its own weight the day the shelter comes off.
The wind is not interrupting the growth. It is the instruction.
What has been pushing against you the longest?
Beta opens this week. Here's what's in it:
• Live: Your Zerodha account, read-only. More Indian brokers coming.
• Live: your returns, in rupees and dollars
• Coming: direct US broker sync
• Never: orders, moving money, tips
Beta ~Wed 28 Oct. Full launch Sun 1 Nov.
Infosys cut FY27 revenue guidance to 1-2% (from 1.5-3%), citing pricing pressure as clients demand AI productivity gains.
In the same quarter, its AI revenue grew 29% sequentially to 10.5% of the total.
AI is growing inside Indian IT and squeezing it at the same time.
Beta in about a day. Solo founder launch week, an honest timeline:
9 AM: fix a bug
11 AM: fix the bug that fix created
4 PM: rename one button for the sixth time
11 PM: "one last test"
2 AM: still one last test
#BuildInPublic
Own even one US share as a resident Indian? Your ITR probably changed.
• Foreign shares you held at any point in the year generally go in Schedule FA
• That rules out ITR-1 and ITR-4. Most salaried people use ITR-2
• Schedule FA uses the calendar year (Jan–Dec), not Apr–Mar
• Vested RSUs and bought ESPP shares count, even if unsold
• Missing it can attract penalties under the Black Money Act. Check the current rules with a CA
I'm building UseMoney AI, a read-only research tool for people with money in India and the US. Beta opens this week, full launch Sun 1 Nov: usemoney.ai/?utm_source=x&ut…
About 2 days to beta, and one decision I won't revisit: usemoney.ai can't place a trade or move a rupee.
Your broker already does execution well. I wanted one place to understand what you own, with nothing nudging you to buy.
Read-only isn't a missing feature.
Shaswat Deep retweeted
From Mon 2 Nov, the US market opens at 8:00 PM IST, not 7:00 PM. US clocks fall back on 1 Nov. India's don't.
Regular session: 8:00 PM-2:30 AM IST
Pre-market: 2:30-8:00 PM IST
Set your alarms an hour later. #USStocks
usemoney.ai opens in beta mid-next week. Full launch: Sun 1 Nov.
Every feature has to pass 5 rules before it ships. Here they are. #BuildInPublic 🧵
4. Brokers are partners
You keep investing where you invest today. usemoney.ai reads your Zerodha account, read-only, and puts it in one place to understand. More Indian brokers coming.
5. Say what's coming, not what's "almost live"
US broker sync, NRI features and a public MCP are coming. The beta: your Zerodha account, read-only, returns in rupees and dollars. More Indian brokers coming.
usemoney.ai/?utm_source=x&ut…
Buying a US stock from India takes minutes now: Groww opened US stocks to all users this week, and Zerodha has a public beta. The homework after the buy button is what nobody shows you. Article tonight. What caught you out first?
Work for a US tech company in India and hold RSUs?
They come with two tax moments, one yearly reporting rule and a currency question.
5 short posts. Education only 🧵
4. Reporting
Residents (other than "not ordinarily resident") list foreign assets, ESOP shares included, in Schedule FA of the ITR for each calendar year they're held. Even if nothing was sold.
Shares sitting with your employer's US broker count.