Asahi restaurant and bar
Galway, Ireland Gaillimh, Éireann - City of the Tribes
2010.02.22 15:42 acous Galway, Ireland Gaillimh, Éireann - City of the Tribes
Galway is a city (and county) on the west coast of Ireland in the province of Connacht.
2021.05.17 17:19 ardvarkmadman A subreddit for Toast POS users/admins
A community for Toast Admins, users, and managers.
2011.05.21 11:00 Mcbanjo All stuff restaurant/bar related, and tell your best stories.
2023.06.05 11:33 meandwatersheep Beginners Guide: How to navigate the subreddit
Just like any other subreddit, we have rules, all our rules (besides nsfw content and being kind to others) have been voted on
by the community and are visible in the side bar. The two most common rules that are broken because of misunderstanding are rule 1: easily googled questions and our policy on mega threads. Rule 1 covers a broad range, but the most common posts we have constantly that violate this rule are doll restoration/care tips, identification requests and pricing requests.
There are just hundreds and hundreds of videos and articles for almost any restoration or care question you can think of, all hair care/washing, stain removal, clothes washing, etc. its all been done and documented before.
Identification requests can be found using a number of collectors recourse, my personal favourite is mhcollector.com
, but you can google “monster high collector guide’, pick whichever one suits you best and get looking, reverse image searching can also be super helpful!
Pricing posts are all “how much would you pay for this?”, “is this a good deal?”, “how much should I sell this for?”, because the simple answer is no one can tell you how much money you should be spawning or making besides yourself, we don’t know your financial situation. If you do want a ball park on what the average price is, thats what Ebay sold listings are for. If you’re unfamiliar with the function, you don’t need an account to see these, just search for the doll you’re looking for, like normal then on desktop the search result setting should be on the left and on the app there is a “filter’”setting in the top right corner where you can select “sold listings”, when you select and confirm this, it will ONLY show you listings that have already been sold and the price.
There is a search bar at the top of the page that is super helpful, where you can find most of the answers to any questions you have plus so much information using key words to whatever you’re looking to find. All of these “easily googled” questions mentioned above are however permitted to be asked in our monthly discussion thread, how to find that is outlined below.
We have mega threads
to stop spam in the sub for things such as hot topics and Mattel creations drops. The first pinned post in our sub has links to all relevant mega threads, both ones that are being currently used and past threads that still contain helpful info and discussions, the monthly discussion thread is always linked at the top of this post. Then the most relevant mega thread at the time is the second pinned post.
If you have any other questions please feel free to message us mods! Beginners Guide
submitted by meandwatersheep
to MonsterHigh [link] [comments]
2023.06.05 11:32 timescollegedubai NIOS in Abu Dhabi
2023.06.05 11:32 charliehind_ Update on attending an 80 mile group ride having previously only done 45 miles at once
Went yesterday, had a mechanical on my way to the meeting point (lol) but got it sorted and arrived there on time, then completed the ride with no issues whatsoever, did some solid shifts on the front and was even in the first group to finish the sprint in the last few miles.
The whole ride ended up being about 85 miles but honestly I probably could have made it up to a century. Interestingly I didn't each anywhere near as much as I was expecting to (though I did have a bacon sandwich and a cake at the cafe stop...). I get plenty of gels and an energy bar leftover. Better to take too much than not enough though.
Thanks to all those to commented and encouraged me to do it! I'll be going again next Sunday for sure.
submitted by charliehind_
to cycling [link] [comments]
2023.06.05 11:31 InebriatedAustrian Visiting Batumi in a few weeks…
So I’m a solo female traveller (32) and for years I’ve heard nothing but good things about travel in Georgia. Been told it’s safe, friendly, accommodating, affordable, the whole package. However in recent days and weeks I’ve noticed a bit of an uptick in rather… let’s call it ‘unscrupulous’ types in and around Batumi.
Is this something I should be wary of? I don’t speak Georgian or Russian and don’t plan on being political/wearing anything that would attract attention politics-wise. It seems with the recent climate/mood that there may be cause for concern when travelling alone.
Unrelated: in travel videos and other blogs I’ve seen regarding Batumi it appears the beaches are all rocks? Are there any sandy beaches in/around the area that are good to visit? I’m very likely renting a car so as long as it isn’t too far out of the way I can easily make a trip.
I know it sounds typically cliched for a tourist to ask, but are there any bars/pubs to watch sport in the evenings? Looking online it doesn’t appear there are too many and I don’t want to spend nights ending up in the same spot. Any suggestions here or via DMs if you know a place are greatly appreciated!
I’ve also considered taking a day or two to take a train to and from Tbilisi for some sights. How do Georgian trains/train network compare to European ones?
submitted by InebriatedAustrian
to Sakartvelo [link] [comments]
2023.06.05 11:31 TheMidnight- AITA for accusing my GF of cheating after a night out with coworker
Hey Reddit I have a dilemma . This past weekend my gf (F29) told me (M29) that she was going out to a work event for one of the higher ups . Throughout the night we texted sporadically until she texted me at 10 letting me know she was home . About ten minutes later she shared an Uber ride with me by accident . She texted me that she shared her coworkers ride home by accident . So I call her right away and ask her what was she doing ? She tells me after the work event her and her male coworker when back around her place and went to another bar and then she sent him home in an Uber cause he was very drunk. At this point I’m seething cause she did not tell me she was alone with this guy . And that she was alone with him “near” home . She assures me that he never entered her house . But am I the asshole for suspecting that she cheated ?
submitted by TheMidnight-
to AmItheAsshole [link] [comments]
2023.06.05 11:31 shanghaiflavours Authentic Chinese Restaurant in Kolkata
We are proud to present our authentic Chinese restaurant in Kolkata
. Our establishment offers a diverse range of dishes that showcase the bold flavors and unique ingredients of traditional Chinese cuisine.
submitted by shanghaiflavours
to u/shanghaiflavours [link] [comments]
2023.06.05 11:29 StabilozZ Bartender4 help
I'm fairly new to WOW and was trying to configurate my layout with bartender today. Now i'm facing the following problems:
- My action bar 1 is disappearing when I mount up a dragonriding mount. I compared all settings with the other action bars and they are the same so I have no clue how to avoide this.
- I made a new action bar 5 with the same skills on it as action bar 1, this one is staying when I mount a dragonriding mount, so I thought good I'll just use this one. But here I can't get the icons of the hotkeys activated. Skills does work when I press the button but I would like to have them "written down" on each skill. Even after deactivating action bar 1 they still don't pop up... Action bar 1 does have all the hotkeys on it though ....
Thanks in advance
submitted by StabilozZ
to wownoob [link] [comments]
2023.06.05 11:28 Smooth_Jazz_Warlady Certain non-language/unicode symbols not properly displaying?
So I don't have any issues with any non-latin alphabets, at least any I've come across, which I know is the usual reason for "character not found". But something that's been annoying me recently is symbolic characters failing to display, things like clock, sound and network type icons (for the curious, this became an issue with downloaded status bar dotfiles, and no, installing the fonts listed in the respective github pages did not fix things). I've tried all of the usual suggestions, Noto and the like, is there another font I can install that specifically contains as many of these icon/symbol unicode characters as humanly possible?
submitted by Smooth_Jazz_Warlady
to archlinux [link] [comments]
2023.06.05 11:28 webuyequipment The Value of a Forklift in Your Company Equipment Planet Equipment
| || | submitted by webuyequipment to equipmentbuyandsell [link] [comments]
Partner who is efficient Heavy equipment, such as forklifts, has become a key purchase in a variety of sectors since the start of the twentieth century. These machines are incredibly efficient at lifting and moving massive and heavy objects. Is it necessary for your company to have one? Let’s look at the different types of businesses that use forklifts.
Facilities for Storage If you’re a business owner who wants to open a warehouse, these industrial vehicles are for you. When compared to having numerous men manually transport large objects over short and long distances, forklifts save time. They’re also frequently used to load and unload cartons and other cargo from container trucks. They’re prevalent in huge warehouses with towering stacks of racks and shelves, as well as high-ceilinged storage facilities. These facilities’ maintenance staff is responsible for replacing or repairing broken fluorescent lights and other fixtures. A steel basket linked to the forklift is used to lift them up. The latter has rails and brackets for securing safety harnesses to keep employees from falling.
Construction Heavy-duty forklifts are one of the most commonly used pieces of construction equipment. They’re made to transport building materials like cement sacks, steel bars, and bricks across hard rocks and uneven terrain.
Shipyards These so-called super trucks transfer containers and large cargo from ships to storage facilities and delivery vehicles in harbors and dockyards, and vice versa.
Other Business Sectors In large recycling factories, industrial forklifts are a must-have piece of equipment. To transport large amounts of paper, glass, and other materials to the sorting area, forklifts are required. In colder climates, they can also be used to shovel snow instead of using a snowplow.
Who Buys Forklifts? We buy construction equipment, whether new or used. We deal with both small contractors and large corporations. We buy all types of construction equipment; such as backhoe, excavator, trucks, wheel loader, forklift, and many more. So, if you are thinking of selling your used equipment running or non-running, look no further. Visit sellyourconstructionequipment.com or call 214-773-0207.
2023.06.05 11:27 Melaumonte Is my old manager (30M) flirting with me (22F) and what are his intentions??
I recently reached out to my old manager so i could get our old coworkers number since i lost it. It caused us to reconnect and catch up with each other since we haven’t talked in a few years. I used to have a crush on him up until i left and moved across the country. At first it was friendly but then it got kinda weird when we talked about wishing we could get drinks to catch up. it got to the topic that i’m a lightweight and want to be able to build my tolerance and he said “aww i bet i could get a few drinks in you” and then continued with “i’m just imagining your face getting red and you having your cute shy smile..” Yeah.. I have a boyfriend and he knows that. I tried SO hard to keep it professional and appropriate so i’d steer the convo to a more lighthearted tone whenever it would get like that. I just hate that he’s most likely flirting with me cause he’s really good friend and old manager. I just don’t know what to do without making it weird cause i think it’s already gotten to that point. what’s even worse is that at one point when i was a little drunk with my friends at a bar, i had mentioned to him (he was texting me at the moment) that i shouldn’t text him while i’m drunk or i might be annoying or say something that’s not appropriate to say to my old boss. he then said “ooo does __ have a non appropriate side to her that i didn’t know about?” “now i’m curious” “what would she say to me”
i was drunk but i knew to just silence my phone and stay away from it or my drunk self would’ve told him that i used to have a crush on him or something and lead him on.
what do i do??
TL;DR old manager that i had a crush on seems to be flirting with me but i have a boyfriend and i don’t want to just block him cause he’s very kind and has been a really good friend. what do i do?
submitted by Melaumonte
to relationship_advice [link] [comments]
2023.06.05 11:25 omgane2Aj Game:5 of Hearts
Difficulty:5 OF HEARTS
Venue:A High-End Bar
Time Limit:1 hour(7PM-8PM) (2 MINUTES PER ROUND)
Rules:Everyone will be seated on a chair strapped.In
the middle of the table is poker cards from ace-10 POKER CARDS.The cards will be shuffled every round.
-Everyone will get a card to be look.They can admit if their card is the smallest.If they are really the smallest.
That guy won't have any penalties.
-They can speak whatever they want to manipulate others to admit their cards the smallest.
-If more than one person admit their card is the smallest.They will have to show the cards altogether and decide whose card is smaller.
-If you don't admit your card:-1 point
-If you admit but got it wrong:-2 points
-If you admit win the round by having the smallest card:-0 points
-If you have -15 points.You
will have Game Over and Sulphuric Acid above your head will pour down from the dispenser.
When 1 hour ends,3 or more people need to be dead in the game.If it doesn't everyone will recieve GAME OVER.If it does.The remaining players will recieve GAME CLEAR.
Or within one hour,only one player remains.
submitted by omgane2Aj
to AliceInBorderlandLive [link] [comments]
2023.06.05 11:24 vanish2cuoly Just go to bars and clubs bro part 2 !
Tried my luck by going to another club with a group of friends hoping maybe last time was bad because it was my first time
About an hour in only one of my friends wasn’t being twerked on or being kissed but as he had a girlfriend it was his choice
Don’t think clubbing or bars are worth going to as like every other aspect of life women will just flock towards the attractive men
submitted by vanish2cuoly
to ForeverAlone [link] [comments]
2023.06.05 11:23 throwRA20e0 I told my now ex Boyfriend (26M) that I (25M) have been sleeping with a Woman (22F) and how he wants nothing to do with me
So I'm a Bi man who thinks both men and women are attractive
I've been dating my ex who I'll name Ryan for almost two years. I met him at a gay club and thought he was fine as hell so I approached him, and we hit it off well, later exchanged numbers and it took us only a week later to decide we would be boyfriends.
Like I said earlier I am bisexual, I met this Woman who I will call Lexie in three weeks ago it was my friends birthday we were at a bar, Ryan was actually in New Jersey (and still currently is) because a relative he was close with passed (we live in Maine). I met Lexie, and I thought she was cute but I didn't think much of her she flirted with me I kinda just played along I didn't consider it cheating because I atleast thought we wouldn't become something, and It was fun flirting with a Woman for the first time in a while.
She asks for my number and I give it to her and then she says she had to go, but she'll be texting later. My friend asks me what will Ryan think of this, I told him that I doubt much will come of us anyways and that I was just having fun and laughed it off.
Ryan is still in New Jersey and he won't be back until the 9th, I've been talking to Lexie and we ended up having Sex one night, and it felt really good and refreshing It's been so long since I fucked a woman. I was conflicted on wheater I should tell Ryan or not, but I knew he wouldn't be happy so I to just make this my little secret. However 2 days later Lexie and I go to the movies and had dinner together, and we ended up kissing at this point we were just boyfriend and girlfriend, and she didn't even know about Ryan.
When I got home I decided that I should call Ryan tell him what's going on, and tell him I'll call things off with Lexie. However when I tell him he was super pissed, and talks about how the one time he leaves I fuck around with someone else, and tells me to just stay with her and hangs up. I just know he feels awful right now. I've been trying to contact him and explain things and how I've been missing flirting with Woman and how I made a mistake, but he won't give me a 2nd chance.
He told me that when he comes back that he will just pack up (the rest) of his stuff and leave, and that he doesn't even want me there when he does. I wish that he knew how horrible and apologetic I am about this and that I just want him to give me another chance.
And what I'm also stressed about is having to tell Lexie the truth as well I do genuinely like her, and we had fun together, but I just know she'll hate me once finding out the truth. This is the most stressful situation I've ever been put into in my whole life and I can't believe it. I need to figure out a way I can tell her without her thinking I'm this horrible person who tried to play her or something because I still want to be close friends with her, is there anyway this can be fixed?
submitted by throwRA20e0
to relationship_advice [link] [comments]
2023.06.05 11:23 mohattar Amex Smart Earn Card worth it ?
As the title suggests, i read threads here on basic acceptance of the card but they were old threads in the sense 1-3 month old.
I want to basically know is this card worth taking?.
My spends are basically on following:
- Amazon + Prime
- Flipkart (sometimes)
- Ticket bookings (IRCTC)
- Big Basket
I also want to know offline acceptance of this card used for petrol, restaurants (big and chain ones), departmental stores (small and big)
Live in Mumbai if thats something worth mentioning and Annual Spends are approx. 4.5L
Suggestions and PROS & CONS if anyone already has this card are please welcome
Also, there is a certain status Quo and premium feel to this card so going with that flow too lol
Cheers and Thanks !
EDIT: For reference currently using ICICI Amazon Pay and i basically dont like to keep more than 1 credit cards with me so i will be closing this card if i apply for Smart Earn
submitted by mohattar
to CreditCardsIndia [link] [comments]
2023.06.05 11:19 parthCMON Need help in preparing 3 day itinerary
Hi guys! I’ll be visiting kerala from 10th to 13th June, 2023 to experience the lovely monsoon. I need your help in deciding a central location to stay from which different tourist spots are accessible. Money no object.
P.s good food and strong internet access would be a plus!
P.p.s all insights are welcome, from luxury hotels/resorts/restaurants etc to different adventure activities. I just want to have an amazing time in this beautiful state!
submitted by parthCMON
to Kerala [link] [comments]
2023.06.05 11:19 HEX-0015 Some custom parts in the making
| || |
A prototype of a custom bracket to mount the OEM steering dampener back to the triple clamps. The bike has clip-ons so this works around the missing handlebars that would originally connect to the dampener. submitted by HEX-0015 to MVAgusta [link] [comments]
Some handlebar inserts to mount motogadget bar end indicators and rizoma mirrors all off the one part.
2023.06.05 11:17 mellowmadre Carry-On only for Business Travel
I travel a lot for work and cannot afford to lose a checked bag, so I only do carry-on. This means I need to pack both casual and business attire, which can be challenging. It has taken some practice and watching a lot of Youtube videos on packing, but I am getting close to what works for me. I'd appreciate any advice you have. The bag is a bit on the heavy side but still within the airline’s limits and I’m able to lift it into the overhead bins on my own. Below is what I packed for a 10-day trip.
Carry-on luggage by Sigg – it is a discontinued brand but I love it. The 2-wheeled bag is a super tough (ballistic nylon) exterior with a compression zipper, telescoping handle, and a zipped water bottle holder on the outside. Normally, I’m a spinner luggage kind-of-gal, but the 2 wheels on this bag can be pushed somewhat like a spinner rather than dragged like most 2-wheeled bags. It also has a couple outer zipped areas for a laptop, pens, thin papers, etc). On the inside it is split in two major compartments, with the base fully lined with waterproof nylon that opens with zipper (I keep my garment bag under the liner just in case there are any spills in or around my bag), built-in compression straps, a mesh center divider for underclothes, and one side with elastic shoe sleeve pockets. There are a couple smaller pockets along the edges of the bag interior, including one thin waterproof one.
Personal Item by BagSmart (a Nomadlane dupe), fits under the seat in front of you and opens up fully like a suitcase. 2 main compartments and two additional exterior pockets which is handy but there are features of this bag I don’t like, such as the trolley sleeve and waterbottle sleeve—both are too tight to be useful. But it is a fraction of the cost of the Nomadlane bag, so it will work for now.
2 generic medium sized packing cubes / 1 medium toiletries bag / 1 jewelry case / 1 clear quart liquids bag with a zipper / 2 smaller sorting bags (reusing free business class toiletry bags) / 1 laundry bag / 1 ziploc bag / 1 thin cloth folding garment bag (feels like reusable grocery bag material) / 1 purse
Maintain normal business appearance but minimize by wearing neutrals and all within the same color palette. Buy travel sizes of almost everything, organize by dividing items into smaller containers by type and time of usage (on the plane vs in the hotel room vs at work vs out touring); Economize space by bringing fewer bulky items by using the hotel’s hairdryer, steaming my business clothes in the bathroom while I shower or use the hotel’s iron, have shoes and clothes that are versatile for several outfits but also reuse/wash (in the sink) clothes as necessary. Try to get a workout in when possible.
CLOTHES: (folded in Marie Kondo style or hung in the garment bag, which is folded in half)
In the packing cubes:
3 t-shirts (one worn on the plane)
1 pair of yoga pants
2 jeans (one worn on the plane)
2 slip skirts
1 pair of capri pants
1 pair of silk pajamas
1 casual dress (with folded items in packing cube)
In the compartments built into the suitcase:
2 sports bras
11 pairs of underwear
1 pair of wool socks
2 pair of sport socks
1 full-body Spanx
1 slimming camisole
1 one-piece swimsuit
3 underwire bras (one worn on the plane)
3 pairs of shoes—sandals, flats and one pair of sneakers worn on the plane
In the garment bag:
6 thin blouses (includes 1 button down)
1 black suit with 1 blazer, 2 pants and 1 skirt
1 khaki dress pants
In the personal item:
1 R1 Patagonia full zip hoodie (worn on the plane)
1 Longchamp foldable Le Pliage Shopping purse – serves as my work laptop bag and my purse
1 pair of compression socks
TOILETRIES AND MAKEUP
I divide these into two major categories – on the plane and at the hotel. For on the plane, I use 2 small bags which are kept in my personal item-- one for liquids and another for anything else I need without needing to get into my carry-on suitcase.
1 pack of gum
1 face mist
2 lip balms
4+ lipsticks and glosses
1 Tyme hair iron
1 eyeshadow palette
1 bareminerals foundation powder
Powder, eyebrow, eyeshadow, lip and blush brushes
Several pairs of contact lenses and carrying case with solution
1 Foot callus file
2 Fingernail file
2 Lip Liners
2 Pencil Sharpeners
1 Lint Roller
Tretinoin in 2 strengths (face and neck)
Vaseline (so versatile – takes off makeup, moisturizes, slugs)
Ibuprofen, Benadryl, Bandaids, Neosporin, sleep aid for the plane
Toothbrush, floss, plackers/picks, mouthwash and toothpaste
Cerave AM and Under Eye Cream
2 Hair clips and bands, shower cap (from the hotel)
Lactic Acid exfoliator for face
Hair Bun Maker
Deep Conditioner and Shampoo
Teeth Whitening Strips
Tampons and a few pantyliners
Brassy Hair treatment
Small Canister of Nivea Cream
2 Makeup Sponges/Blenders
Eyebrow Pen and Powder
Sample Size Perfumes
Bronzer, Blush and Highlighter Palette
Contour and Corrector
JVN Shine Drops for Hair
Dayquil and NyQuil
Immodium / Kaeopectate
PERSONAL ITEMS AND ACCESSORIES Global Entry Card, credit cards, ATM card, Priority Pass Card, Covid Vaccination card, a few business cards and cash
1 jewelry case (3 necklaces, 4 sets of earrings, 1 bracelet)
Several sets of noise canceling ear plugs (Mack’s silicone and the foam ones)
Several face masks
3 scarves (especially useful when in the Middle East)
1 pair of sunglasses
2 pairs of eyeglasses (worn 1 on the plane)
1 travel wallet
1 belt that reverses black and brown
1 work notebook and pens
1 yoga strap
1 resistance band
1 rolly ball for my feet
Bag of tea, coffee, and hot cocoa
Tiny salt & pepper
10 Protein bars
1 travel sewing kit
1 folding plastic bag (waste bin size)
10-15 cotton face pads
1 bag strap (helps stack the bags – I don’t like the trolley loop on the BagSmart bag)
All are kept in a bag inside my personal item:
1 laptop computer, mouse, and charger
1 cell phone and charger
1 pair of bluetooth earbuds
1 fitbit and charger
1 international power converter and adapter
(sometimes I will bring a hotspot or a power bank, but not this trip)
submitted by mellowmadre
to HerOneBag [link] [comments]
2023.06.05 11:15 r3crac BlitzWolf BW-CML2 Air Monitor Light Bar for 13.99 USD with coupon (Best price in history: 13.99 USD)
submitted by r3crac
to couponsfromchina [link] [comments]
2023.06.05 11:15 kejdi188 RX6700XT - map change stuck for 2 minutes every time
Hello folks. I have recently bought XFX Radeon RX6700XT (SWiFT 309 Edition) and installed it in a computer with Ryzen 7 5700G. After plugging in, I’ve cleaned drivers with DDU and installed new ones. But, there the horror started: https://youtu.be/zPrQMOdYlP0
- auto uploaded from mobile phone as it was easiest for me, don’t laugh at this please 😛
What I have done already: - enabled BAR in BIOS - latest driver version - checked for AMD sharpening and anti-lag - both disabled - installed 5 versions of drivers, none helped - fullscreen optimization + dpi setting on csgo.exe
When I alt tab before map change and go back to csgo, it loads faster… But if I get late and don’t alt-tab, it looks like on video above… Every single time… Offline mode the same - if I change map it gets stuck…
If I connect monitor to Vega graphics/integrated GPU, there is NO ISSUE
and everything works as it should - load in 10 seconds
If I switch resolution in CSGO to fullHD (1920:1080), map loads in 15 seconds
Did anyone experience this (Afaik nVidia doesn’t have this problem)… I am really thinking of selling this card because drivers are horror
submitted by kejdi188
to GlobalOffensive [link] [comments]
2023.06.05 11:15 tareekpetareek SEBI wants to change how mutual funds charge their fees. Here's a fun read about some of the proposed changes
Original Source: https://boringmoney.in/p/sebi-mutual-funds-ter-performance (my newsletter Boring Money. Do visit the link to subscribe if you'd like to receive similar posts in your inbox)
Here’s how mutual funds make money:
- An investor gives the fund some money to manage
- The fund manages it by investing that money in stocks, bonds, etc.
- The mutual fund company charges a management fee for this service, which is a fixed percentage of whatever it manages
The incentive here is clear. The fund needs to increase the amount of money that it manages. One way for a fund to do this is by, well, investing well. If a fund’s investment goes up in value, it automatically manages more money. But investing well is hard, slow, and not a lot of fun. The fun way to manage more money is just getting more money from your investors. That way, the fund needn’t worry too much about how the fund performs, the company running the fund makes money either way.
Last month, SEBI released a consultation paper
that reevaluates how mutual funds charge for their services. The paper has 15-odd proposals but I’m only writing about the couple interesting ones. Here’s a post
from Zerodha that summarises all proposals, if you’d like to see them all on one page.
SEBI doesn’t particularly like that the only way for mutual funds to make money is by accumulating more money from investors. One solution it’s considering is to allow mutual funds to charge not just for money management, but for performance. Sure, let mutual funds take some money for managing these assets, but if the fund performs well, give the fund company a decent chunk of the profits as well. That’s how hedge funds work
, and arguably they do have a lot more fun with their investments. 
Here are two possible approaches that SEBI is considering
. From its consultation paper:
Approach A: During the period in which the investor remains invested, the base expense ratio may be charged to the investor. At the time of redemption, the management fees may be charged if return of more than indicative rate is generated or annualised returns received by the investor is above the hurdle rate. … Approach B: There can be another approach where higher expense limit for performance based TER [percentage fee] may be fixed and TER inclusive of management fees is charged to the investor. The TER charged by the schemes in such cases should be based on the schemes’ performance during the previous year. At the time of redemption by the investor, if AMC fails to generate return above the indicative returns for investor or the annualised returns for the investor is below the hurdle rate fixed in advance, the AMC may retain base TER as may be applicable and return the remaining expenses charged to the investor, along with the redemption amount.
In Approach A, if you invest in a mutual fund, you’re charged the regular management fee right until you withdraw your money. When you do withdraw, the fund deducts a nice chunk from your profits (beyond a certain agreed upon threshold) and returns the rest. In Approach B, the fund just charges you a higher management fee to begin with. When you actually withdraw, it calculates your profit and returns any extra money it might have charged earlier. This is very different from how hedge funds are paid! The general rule with investments is that you’ll have good years and you’ll have bad years. If a hedge fund has a good year, it’s going to charge for performance right away and take away its share of the profit before it gets to a bad year. If a SEBI-regulated mutual fund has a good year, it’s not going to be paid until the investor withdraws! In the management fee model, a mutual fund is incentivised to convince investors to invest as much as possible. In this performance fee model, a mutual fund is incentivised to convince investors to.. withdraw?
I really understand what SEBI is trying to do here. Hedge funds take a lot of risk and often go crazy. If the risk pays off, they’ll earn a lot that year. If the same risk doesn’t pay off the next year, bahh, the investor might lose half their capital but at least the hedge fund got paid the year it did do well. Going by SEBI’s proposal, mutual funds will have to care about their investors’ real returns which will be a mix of both the good and bad years. Sure, it might work. But I wouldn’t be surprised if mutual funds just get their investors to withdraw more often to lock-in their share of the profits. Grass is greener on the side of the new fund
A well known phenomenon of the Indian investment market is that investors don’t invest by themselves. They need a bit of a push and prod. Even if they want to
invest, they need help with how much and where.
Mutual fund companies rely on distributors to sell their funds to end customers. Because, well, most investors don’t ever download an app and start investing. They buy through distributors who they trust! In return, these distributors also get a fixed percentage fee, just like the mutual fund company itself.  Since these distributors sit in-between the mutual fund company and the investor, it gives them quite a bit of power.
- If a mutual fund company is starting a new fund, it will ask its distributors to convince investors to buy this newShinyFund. This newShinyFund will give distributors a higher-than-usual distribution commission
- The distributor now goes to their customers and asks them to invest in this newShinyFund because it’s new and shiny. But the customer won’t just have large chunks of money lying around to invest. So the distributor will say “hey why don’t you just transfer your money from oldBoringFund to newShinyFund—I’ll do it for you”
- The customer says “yeah, cool” and they’re now an investor in newShinyFund which pays more to both the distributor as well as the mutual fund company
27% of the money in new mutual fund schemes launched between April 2021 and September 2022 came from old mutual fund schemes. In one case, this figure was over 55%. Over time, newShinyFund would become oldBoringFund, and the mutual fund company could just launch a newNewShinyFund and well, distributors would then sell that and life would go on.
SEBI’s proposal is ending this! If a distributor switches an investor from oldBoringFund to newShinyFund, but oldBoringFund pays less commission than newShinyFund, they still get paid the lower commission even if their customer is now switched into newShinyFund. I’m sure mutual funds and their distributors will find a way around this sooner or later, but for now, the incentive to push new funds is lost.  They see me regulatin’, they hatin’
One way of looking at SEBI is that as a regulator it needs to ensure there’s transparency and let market participants handle the rest. SEBI is, after all, a market regulator, so it would be a bit weird if it didn’t believe in market forces.
Going by this line of thought, SEBI wouldn’t propose barring distributors being paid more to switch their customers into new funds. If a mutual fund company wants investors in its shiny new fund, and it’s willing to pay distributors more to achieve that, why does SEBI see it as a problem? Its job is to ensure that the investor knows what’s happening, but then it’s up to the investor to choose what they want to do.
I can imagine a solution that wouldn’t limit how much commission distributors get, but instead force them to explicitly inform every investor just how much more money they stand to make if the investor buys into the new fund. “Hey there’s this fund that’s great and you should invest in it maybe. It’s new and shiny, can I transfer your money to it, pretty please? If you say yes, I get to take my wife and kids to Europe this year.” I’m sure some investors would say yes, but presumably the majority would not. Footnotes
[1 ] Here’s an Investopedia piece on the “9 Biggest Hedge Fund Failures”. Hedge funds, even those managing billions of dollars, often take on a lot of risk and frequently implode. Mutual funds rarely (never) do.
 These days, it makes little sense for anyone to invest via a distributor and lose money in the form of a lifelong commission. There are tens of fintech apps which allow for direct investing, as do almost all mutual fund websites.
[3 ] The SEBI regulation applies when a distributor “switches” their customer’s money from one fund to another. If the same customer first withdraws their money, then re-invests in the new fund recommended by their distributor, the distributor can then get the new, higher commission. Definitely a more annoying and time-consuming process though. Source: https://boringmoney.in/p/sebi-mutual-funds-ter-performance
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2023.06.05 11:14 Humble_General_2544 Considering cross-tolerance of shrooms to 1D-LSD for a 3-day-festival
Hello everyone, going to attend an amazing 3-days festival. Planning on doing some 1D-LSD and shrooms. Being aware of potential cross-tolorence due to triggering the same receptor group, I wanted to ask firstly whether you maybe have some experience with it and secondly, if taking shrooms (light/ max. normal dose) on Friday and LSD on Saturday (also around early evening), will be better for the trip on Saturday. Additionally, was aiming for around 75 mcg 1-d LSD on Saturday and self made chocolate bar of approx. 1,5 McKennaii shared by two (hoping that the cacao will do its magic).
& if you are wondering, first day is a thursday and was planning on only drinking to get to know the area.
Feel free to share any further tips! Thanks in advance! Cheers
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2023.06.05 11:14 gh0rard1m71 Grand Cayman vs Turks and Caicos
Grand Cayman vs Turks and Caicos?
Those who have visited both, which would you recommend who has never been to Caribbean before?
Interested in crystal clear water beaches, coral reefs with colorful fishes and calm water for beginner snorkeling, and possibly sand bars to visit with a boat?
I was leaning towards T&C but GC seems more popular?
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