Many don't know this yet,

Bajaj Holdings owns 39.16% of Bajaj Finserv.
Bajaj Finserv owns 52.49% of Bajaj Finance.

In short, BAJAJHLDNG owns BAJAJFINSV owns BAJFINANCE.

- @InvestRepeat

Wipro Q2 Results are out.

• Revenue up 14.6% YoY.

• Profit down 9.27% YoY.

• Operating margin for IT segment up 0.16% sequentially.

• Order book up 24% YoY.

• Attrition rate (people leaving company) dips for 3rd consecutive quarter. Now at 23%.

- @InvestRepeat

HCL Tech Q2 Results are out.

• Revenue up 19.5% YoY.

• Profit up 7.1% YoY.

• Total contract value (TCV) for the quarter at $2.38 billion.

• Attrition rate (people leaving company) remains steady (near its highest) at 23.8%.

• Dividend declared ₹10.

• In an unexpected move, HCL Tech raised its revenue growth guidance for FY23 from 12-14% to 13.5-14.5%.

• But they reduced EBITA margin guidance from 18-20% to 18-19%.

- @InvestRepeat

BREAKING: Royal Mint site down for multiple European users.

Britain's oldest company and the official maker of UK bullion coins - Royal Mint's e-commerce website is down due to 'unprecedented demand' for gold & silver.

- @InvestRepeat

India & US data are out now.

🇺🇸 US inflation rising despite Fed raising rates.
🇮🇳 Indian Industrial growth contracted 0.8%, at 18-month low.

So Central banks have crushed demand by raising rates, still inflation getting out of control. They are losing control.

- @InvestRepeat

There is no way you’re going to avoid paying taxes ₹ ₹ ₹.

If you think you can scam the system you’ll end up paying (lawyers) even more & that'll destroy your savings over the next several years.

🌍 Only thing you can do is find the best tax jurisdiction for your family. Good news is, there are many such countries/jurisdiction.

- @InvestRepeat

Today added 2 more Sovereign Gold bonds to my portfolio for ₹9828.

This gives me safety & returns of gold in the long term. And in the short term, I will get additional cash flow (dividend) of ₹266.7 each year without doing anything.

Small small steps 🏃 → Financial Freedom 💸

- @InvestRepeat

STOP using plastic.

✅ Replace
Plastic Bottles → Copper Bottles
Plastic Bucket → Steel Bucket
Plastic Comb → Wooden Comb
Plastic Containers → Steel Containers
Plastic Bags → Cloth/Paper Bags

It doesn't cost much to NOT eat poison everyday. Using Plastic = Eating Plastic = Cancer.

- @InvestRepeat

🚨 Crypto World's largest "decentralized" stablecoin DAI has started buying US Govt Treasuries to back their coin.

It is the same US treasuries that China is dumping from their reserves because US Govt froze (censored) billions of $ of treasuries owned by Russia. MakerDAO will buy $500 Million worth of treasuries to back DAI.

🇺🇸 In short, if you own DAI you have to believe that US Govt won't get angry at people running MakerDAO (company running the DAI coin) or crypto in general.

If US Govt gets angry it will block the US treasuries DAI holds, DAI will lose its backing and you'll lose your money.

🤡 This is the definition of "Decentralized" stablecoin these days. You have to have faith in US Govt, just like how $ works currently.

As crypto becomes more centralized like what we already have 'banks' - Crypto guys will get more desperate & sell you garbage by wrapping it in a 'decentralized' colorful wrapper.

Do your own research. Don't fall for it. 99% of crypto is a SCAM.

- @InvestRepeat

Ways to buy gold (best to worst):

➊ Physical Gold

➋ Sovereign Gold Bond

➌ ETFs like ICICIGOLD

➍ Digital Gold from apps

- @InvestRepeat

As per S&P's latest report, when compared to their respective benchmark index funds - in last 5 years

• 27.45% of Mid/Small cap funds underperformed index funds.
• 75.61% of ELSS funds underperformed index funds.
• 89% of large-cap funds underperformed index funds.

Over the 10-year time horizon, more than 60% of funds underperformed in all categories outside of Indian Equity Mid/Small Cap.

As SIR always say - Mutual Funds are the virus & Index Funds/ETFs are the vaccine.

- @InvestRepeat

For those who are still unaware

Facebook is malware.
Instagram is a sexual marketplace.

- @InvestRepeat

This 6 tweet thread is very important for long term wealth creation (and also saving tax)

🔗 Read it here: https://twitter.com/InvestRepeat/status/1579373289579106304

Forward this post to other groups & your friends so that less Indians get scammed by Mutual Fund Advisors.

On what date should I do my SIP?

Last 10 years' data says literally any date in a month. There isn't any % return difference. Just choose one date and do a monthly SIP.

Most important thing is not to stop your SIP for next 10-15 years. That's how you create wealth.

- @InvestRepeat

In any investment, Risk is always more important than Returns.

If the risk is above your comfort level, it doesn't matter how much return it gives.

- @InvestRepeat

If you read history, you'll see one thing repeat over & over again

October is generally when markets finish making it's lows.

- @InvestRepeat

BREAKING (Economic Times): Bangladesh Govt has DENIED Bollywood actor Nora Fatehi permission to perform in an event in Dhaka.

This is due to Bangladesh Govt & Central Bank's effort to save US Dollars amid falling $ reserves and crashing fiat currency Taka.

Govt don't want to spend any USD on Nora Fatehi & for arranging the event.

- @InvestRepeat

There's a difference between hate speech and speech that you hate.

Today after a long time, 3 different Sovereign Gold Bonds had 1000+ volume.

Yield as per current price was
SGBMAY29I = 2.5% Yield
SGBJUL29IV = 2.5% Yield
SGBAUG28V = 2.72% Yield

SGBAUG28V was issued at ₹5334 & trading at ₹4899, so a higher dividend (yield).

- @InvestRepeat

2022 Journey of Indian Fiat Currency Rupee (INR )

Jan = 73
Feb = 74
Mar = 75
Apr = 76
May = 77
Jun = 78
July = 79
Aug = 80
Sept = 81
Oct = 83

🇮🇳 In just 2022 alone, Indians lost 10% of their purchasing power vs US Dollar.

- @InvestRepeat