Transparency time - May 2023:

💸 Savings rate at 65.05%

💰 Net Worth increased by 3.59%

📈 My overall portfolio performance Vs #Sensex Index in last 4 years (all-time CAGR 17.9%)

Journalists on odd days vs even days 🙂

Africans are using Bitcoin WITHOUT internet using feature phones 🙌

You can’t stop adoption ✊

💰 Economics 101 - Financial Report 💰

Revenue - Cost of Goods Sold = Gross Profit

Gross Profit - Operating Expense = Operating Income

Operating Income - Interest Expense + Interest Income = Pre-tax Income

Pre-tax Income - Taxes Paid = Net Income

On #WorldNoTobaccoDay , stock price of ITC is down 1.4%

If your heart is still beating, it means God isn't finished with you.

You may have failed in your last 10 tests, relationships or businesses but that is God's way to prepare you for success.

Once he thinks your job is finished, you won't be alive. God wants you to keep going 🌞

Best part about starting Save Invest Repeat 📈 to share my experience, learnings & failures - is that many call me 'Finfluencer'

Despite me earning a grand total of ₹0 from this account.

Literally, it costs ₹0 to access my entire website. I haven't even done a paid promotion yet.

😂

🇮🇳 Want to start a business in India?

ITR
TCS
TDS
MCA
E-KYC
ESI / PF
Advance Tax
Labour license
Municipality Tax
Professional Tax
3 diff GST filings per month
etc.

You will spend more time trying to be compliant with India Govt rules, than working on increasing your business.

No. of people watching #IPL2023Finals > No. of total stock market investors in India

I am not SEBI registered Investment advisor so I can't advise/recommend anything.

But for short term, personally I always store it in Savings Bank Account.

If holding period is minimum 7 to 8 years then only one should think about equity. Anything below should be in banks.

1⃣ It’s easier to get wealthy ₹ ₹ ₹ now than it was 10 years ago & will be even easier this year.

2⃣ It's easier to get distracted now than it was 10 years ago & will be even easier this year.

Most are busy with the 2nd.

This is the reason why I don't waste time picking a fund manager who I 'hope' can outperform index for next 10 years.

Hope is not a strategy. Literally, I buy the index & sit tight.

35 companies in Nifty 50 generated 10%+ revenue growth. More winners & less losers = Index Fund.

YouTuber Sriman Kotaru shared the invoice breakdown of his BMW X4 M40d.

Car cost: ₹49 Lakh.
Taxes (68%): ₹34 Lakh
- Life tax: 20%
- Cess: 20%
- CGST: 14%
- SGST: 14%

On-road: ₹89 Lakh (including insurance + additional charges)

🇮🇳 Automobile sector is taxed out of relevance.

I am not SEBI registered Investment advisor so I can't advise/recommend anything.

I can share what I personally do

Midcap - MID150BEES ETF (Nippon India Midcap 150 Index Fund is a good alternative)

Smallcap - Quant & Tata Smallcap (As smallcap index funds are garbage)

Rupee $INR
Dollar $USD
are currency.

Gold $XAU
Silver $XAG
Bitcoin $BTC
Monero $XMR
are money.

Some will learn this the hard way. Some won’t.

Reasons why Mutual Fund investors are not able to generate wealth ₹ ₹ ₹

1. They choose trending & fancy actively managed funds rather than boring Index Funds or ETFs.

2. Their investment time horizon is less than 10 years.

After recent taxation changes, Gold ETFs are now taxed as per tax slab without indexation benefit.

Sovereign Gold Bonds (SGB) give 2.5% fixed return on top of gold price. And also it's tax-free on maturity.

Among fake gold, SGB is a better option. At least for me personally.

Rich gets money (debt/capital) from Govt.
Never pays tax.

Poor gets money (subsidies) from Govt.
Never pays tax.

Middle class gets nothing from Govt.
Always pays tax.