🇮🇳 BREAKING (Economic Times): INDIAN GOVT FURTHER CLARIFIES GST RATES.

₹ EVs (with or without battery) hit with 5% GST.

₹ GST also applicable on fines for late payment to providers such as telecom, insurers etc.

₹ Fresh mangoes, sliced mangoes & dried mangoes will attract 12% GST rate.

₹ Cancellation charges for a first class or AC coach ticket will also attract 5% GST.

₹ Pulses used to feed cattle by the dairy industry hit with 5% GST.

₹ Ice-cream parlours will attract 18% GST.

- @InvestRepeat

Repeat after me:

I have a crystal clear vision of
How I want my body to look
What work I want to do
How I spend my time

My vision is unique and with action I am UNSTOPPABLE.

- @InvestRepeat

In my opinion, Europe will face the worse situation in the global economic slowdown.

For now, better to avoid stocks that have significant exposure to the European market.

(Screenshot is from Tijori.)

- @InvestRepeat

Pray to god.
Do yoga.
Meditate.

Keep your spending low.

Stack Gold.
Stack Crypto.
Stack ETFs or Index Funds.

Act broke.

Life isn't that complicated.

China 🇨🇳 fighting Taiwan/US 🇹🇼.
Russia 🇷🇺 fighting Europe/US 🇪🇺.
Israel 🇮🇱 fighting Palestine 🇵🇸.
Azerbaijan 🇦🇿 fighting Armenia 🇦🇲.

Sri Lanka 🇱🇰, Bangladesh 🇧🇩, Pakistan 🇵🇰 etc. collapsing.

Out of most economies; only few like India, Indonesia are not busy with unproductive things.

Indian Govt should totally focus on attracting businesses. It will be a game-changer for Indians. This is India's time 🇮🇳

- @InvestRepeat

A salaried man is not a free man.

A salaried man is not an independent man.

At this point, people leaving some Asian nations like India to relocate to Europe are either super stupid or super wealthy.

99% fall in "super stupid" category.

Why would you move from a place with highest chances of wealth creation to a place where half of your income goes into fuel, you pay unnecessarily high tax and follow stupid laws.

- @InvestRepeat

Headline: Berkshire Hathaway posts massive $43.8 bln loss.

This is actually NOT TRUE. It is an accounting issue that even Michael Saylor faces with his bitcoin holding.

If Buffett doesn't sell his Apple stock but Apple is down 31%, the "Unrealised Loss" also needs to be reported as "Loss" in Earnings Report.

Let's see an example,

MSTR's profit is $10
MSTR's bitcoin reserve sits at $15 UNREALISED loss (not sold yet)

In financial report, they have to put it that MicroStrategy made a loss of $5 (10-15). Even if that isn't technically "loss" as they didn't sell it yet.

If you don't learn accounting processes before doing direct stock investments, you will get scared by this type of headlines.

- @InvestRepeat

Mr. A earns ₹10 lakh per year from 1 source (salary)

Mr. B earns ₹8 lakh per year from 3 sources (including salary)

I would rather be Mr. B than Mr. A

- @InvestRepeat

Just checked my July bank statement. Received dividend from

✨ ITC
✨ Titan
✨ Granules
✨ HDFC Bank
✨ Sovereign Gold Bonds

Average monthly stock dividend & crypto staking rewards is now in 3 digits ₹ ₹ ₹. Next goal is to hit the 4-digit mark.

- @InvestRepeat

Added more HDFC Bank (HDFCBANK) today.

Reliance invested ₹30,000 crore in FY22 for its retail business.

Retail business added 2500 stores & over 1.50 lakh jobs. Basically, Reliance opened 7 new stores every single day in FY22.

The real alpha here is - I think Ambani will use these stores as e-commerce distribution centres. Quick delivery disruption by Reliance?

- @InvestRepeat

Indian Centralized KYC Crypto exchanges like WazirX, CoinDCX etc. use the tagline "Bitcoin Investment App"

Once you open the app, you see
- Cryptos that have no users
- Cryptos that are up 100% in last 24hrs (Likely scam)

These are casinos and should be regulated as such.

- @InvestRepeat

🇮🇳 Fund of Fund Update:

Edelweiss has filed for Gold & Silver ETF Fund of Fund.

Allocation
35% to 65% in Gold ETF
35% to 65% in Silver ETF

- @InvestRepeat

Their goal is to convince you that they you're doing better.

Just calculate the income growth ₹ ₹ ₹ of 95% of the population & adjust it with inflation or loss of purchasing power, and you'll know that they are lying.

'They' don't want you to win.

- @InvestRepeat

💰 Four things you MUST do, when you get your 'First Salary'

① Get a Term Insurance.

② Get a Health Insurance for your family outside the one offered by your employer.

③ Start SIP in at least 2 Index Funds.

④ At least 1 gift, each for your Father & Mother.

- @InvestRepeat

Financial Freedom starts with Finance and ends with Freedom.

You can have NO IDEA about investing and yet outperform 90% of investors.

Just buy Index Funds or ETFs. That's it.

- @InvestRepeat

HDFC Bank has partnered with M1xchange which is a TReDS system. (Source: Economic Times)

TReDS helps Micro, Small & Medium Enterprises (MSMEs) to auction their trade receivables online & borrow funds. HDFC's entry will provide more liquidity to small businesses in India.

With this partnership I am guessing, HDFC Bank is trying to build relationships with MSMEs/Startups for growing HDFC's market share in that area.

- @InvestRepeat

🚨 Most didn't notice this, Ghana just reported an inflation rate of 31.7% in July. That is a 19-YEAR HIGH.

Their local fiat currency Cedi (GHS) is collapsing. Strong (USD) is creating a hard time for other countries.

- @InvestRepeat