If your net worth is more than ₹5 Crore in fiat, you should actively look for moving to a better tax location.

🌎 Like Tbilisi, Dubai etc.

- @InvestRepeat

I still see Indians saying crypto won't be banned in India.

India literally banned an Open Source Video Player software because some bad guys copied that code, modified it & were distributing it 'separately'. Original software is still working perfectly.

Crypto getting banned is just a matter of time in India. Stay prepared, anon.

- @InvestRepeat

🥇 I own gold myself, but it doesn't really solve any real-world problem:

① Censorship - Can't even use gold to do quick/micro transactions. In the world of Govt controlled fiat (CBDC) your gold doesn't help you with anything.

② Store of Value - Can't carry my net worth in gold. Will be seized/stolen by Govt or thieves.

③ Doesn't work when needed - When Ukraine was attacked by Russia, Ukraine's citizens needed gold to escape/survive. What really happened? Gold from Ukraine was looted/stolen, meanwhile price of gold went up in rest of the world.

Gold works best for those who don't need gold - like me, living in a stable country. Ask anyone in Sri Lanka, Nigeria etc. if gold is solving any real problem for them.

- @InvestRepeat

If you're having a hard time focusing on your work & completing things - use Pomodoro Technique.

25 min work
5 min break
25 min work
5 min break
so on...

👨‍💻 And when I say "work", I mean "deep work" with absolute focus. Close the doors of your room. There are many sites like pomofocus.io that have pomodoro timers.

- @InvestRepeat

In personal net worth ₹ ₹ ₹

Today's highest gainer in the world was Adani.

One of the highest losers today was Ambani.

- @InvestRepeat

Was going through Barbeque Nation's (BARBEQUE) Q1FY23 Earnings Call

They said they're working on a dedicated delivery-only online biryani brand, for some time now. 👀

They will pilot it this month in a few locations and if successful, roll-out to more locations. Interesting to see if they can take away non-organised sector's market share. Biryani is a majorly non-organised food niche.

- @InvestRepeat

BREAKING (moneycontrol): TCS delays part of salary for select employees.

After Wipro, Indian IT company TCS has now delayed June quarter variable pay of senior employees (Grades - C3A, C3B, C4 & equivalent)

"This will be paid along with Aug 2022 payroll to eligible associates" as per TCS.

This comes on the back of serious concerns about prolonged recession in US/EU, which are major revenue sources for Indian IT companies.

- @InvestRepeat

Every family has a person who breaks the chain of mediocrity & poverty.

🌞 May you be that blessing to your family.

- @InvestRepeat

As more time passes, it will become extremely difficult for those who only have 1 income source.

The game has changed, and so should you ₹ ₹ ₹.

- @InvestRepeat

I am expecting, UPI won't be free forever.

NPCI already pays
> Server Cost
> Employee Cost
> Privacy/Security Cost

At some point, Govt/RBI will monetize UPI. Almost all payment methods ever allowed/created by Govt have a fee.

I do think UPI micro transactions will be free and they will charge only for larger payments.

- @InvestRepeat

JP Morgan released a report showing average return in $ terms.

🇺🇸 Last 20 years
S&P 500 = +9.5%
Average investor trying to pick stocks = +3.6%

In short, a simple S&P 500 Index Fund performed more than 2.5X better than most stock pickers (including Mutual Fund managers) in last 20 years.

Mutual Fund managers and stock gurus on Twitter & YouTube won't tell you this. They need to sell their courses & show you affiliate ads.

- @InvestRepeat

Can I lose all my money investing in the Nifty 500?

Yes.

But if your investments went to ₹0, it would mean that there are no companies left in India. At that point, money would be the least of your worries. The world would be in complete chaos.

- @InvestRepeat

On Barbeque Nation's (BARBEQUE) Q1FY23 Earnings Call

Management said they're aiming for getting an average of ₹7 Crore revenue from each store.

They've around 200 stores now. An interesting point for anyone who is currently studying their business.

- @InvestRepeat

If you don't have the financial discipline to turn ₹1000 to ₹10,000.

You're not going to magically develop that discipline to turn ₹1 lakh into ₹10 lakh or ₹10 lakh into ₹1 Crore.

Financial discipline comes first. Wealth comes after that.

- @InvestRepeat

People in their early 20s with near to ₹0 net worth are wasting a tremendous amount of time, trying to look for a boyfriend/girlfriend.

You can't support yourself if there is a recession of 1 year, how will you support another person.

Get ₹ ₹ ₹ first, then look for partner.

- @InvestRepeat

Among Gold ETFs in India, ICICIGOLD is my favourite.

It performs closest to the gold futures traded on MCX. It even outperforms GOLDBEES. And also has one of the lowest expense ratio.

Note: Physical gold prices are much higher. Am just comparing fake gold (ETFs) to fake gold (Futures) here.

I have weekly SIP in ICICIGOLD and sometimes do lumpsum in GOLDBEES.

- @InvestRepeat

People living in currently-stable countries like India, Japan, Germany, Indonesia etc. wouldn't understand the value/need for Bitcoin, Monero or Zcash.

And that is totally okay & understandable. They live in a country where their Govt has yet to 'fully' infringe on basic human rights like privacy & freedom of speech.

But worst part is when they realize they need it - it will be too late. God bless, anons.

- @InvestRepeat

You should start your investment journey with

Getting Health Insurance.
Building an Emergency Fund.

Once done, then only put your ₹ ₹ ₹ into other things.

- @InvestRepeat

🇮🇳 ETF Update: HDFC AMC has filed papers with SEBI for

+ Nifty Smallcap 250 ETF
+ Nifty Midcap 150 ETF
+ S&P BSE 500 ETF

- @InvestRepeat

Be the person who has:

📈 ₹50 lakh+ Equity
🏘 ₹50 lakh+ Real Estate
🌐 ₹5 lakh+ Crypto/Gold
💰 ₹2 lakh+ Emergency Fund
💸 At least 3 income sources
🏦 ₹1 lakh in Savings Account

And still puts investing before consumption. That's how generational wealth is created.

- @InvestRepeat