🇮🇳 India's Central Bank continues to buy gold.

The latest data from the Reserve Bank of India (RBI) shows that in Oct 2022 its gold reserves increased by about 1t.

YTD net purchase = 32t.
Total gold reserves = 786t.

Note: Most of this gold is not inside Indian territory. RBI mostly stores it in London's bunkers which are notorious for not returning gold to its real owners.

- @InvestRepeat

The best ab exercise is 5 sets of stop eating so much junk.

18 Year Old: "How do I become financially independent?"
School: Dolphins are mammals.

18 YO: "How do I pay my taxes?"
School: Plants use Photosynthesis.

18 YO: "How do I start a business?"
School: Mitochondria is the powerhouse of the cell.

- @InvestRepeat

Telegram EXCLUSIVE - Sharing this only for the Telegram SIR Community.

☀️ Kings & Queens, this Weekend Learning: https://youtu.be/e5bG-X1yTgU

In 2022, being an Sovereign Individual isn't a luxury, it is a necessity.

National Pension System (NPS)

Let's say you're 28.
You invest ₹4200/month in an NPS fund till you're 60 years of age.

Once you're 60,
You get ~₹90 lakh lump sum return.
And ~₹30,000 monthly pension forever.

₹4200 you're paying now can be claimed in ITR (₹50k total). Also, the ₹90 lakh maturity amount is fully tax-free.

- @InvestRepeat

I personally think it is better to buy five 1g gold coins than one 5g coin, even if I have to pay a bit more premium.

As in worst case, if I have to use it in future - I can give someone one 1g coin in return for a service and still have 4g left.

Can't do that with a 5g coin.

- @InvestRepeat

"Jio Financial Services could be the fifth-largest financial services company in India in terms of net worth." - Suresh Ganapathy

Don't forget he is the same person who predicted that Paytm's stock price will crash in an iconic call on listing day.

JFS is led by Govt/RBI close ally KV Kamath. He is the same person who scaled ICICI's business.

- @InvestRepeat

Spend at least 20% of your time with people who are at least 10 years older than you (preferably not family members).

You’ll bring them vision & energy.
They’ll give you wisdom & opportunities.

- @InvestRepeat

HR is not there for the benefit of the employees.

They are there to limit the liability of the employer.

That's by design and very few understand this.

- @InvestRepeat

In a salaried world,

Raises and Promotions are NOT given to the employees who work the hardest. They are given by management to those they KNOW and LIKE.

If you are a salaried individual, best way to increase your salary is to be 'known' & 'liked'.

- @InvestRepeat

EMI = You work hard every day to pay them money. They do nothing.

SIP = They work hard every day to pay you money. You do nothing.

Read that twice & understand the difference if you want to be wealthy ₹ ₹ ₹.

- @InvestRepeat

Set aside atleast 5% of your monthly income (after taxes) and put it in a bank account called "Enjoyment Fund".

Don’t invest it ₹ ₹ ₹.

Spend it recklessly on experiences & things you want to do for personal enjoyment, and don't make yourself justify that spending.

- @InvestRepeat

Telegram EXCLUSIVE - Sharing this only for the Telegram SIR Community.

☀️ We (who all are on this Telegram Channel) need to use our weekends to learn more & get ahead of those who doesn't learn at all or whose week ends on Friday. Don't spend your precious time on web series, Instagram etc. Learn, take notes, revise.

Kings & Queens, this Weekend Learning: https://youtu.be/ovlfG5Iwnzo

The best way to increase your savings is to increase your income.

🧘‍♂️ ₹ ☀️

Many know that Aditya Birla Fashion & Retail (ABFRL) may pay ₹100 Cr for a majority stake in famous e-commerce site Bewakoof.

But few know that pharma & chemical manufacturer Aarti Industries (AARTIIND) already owns ~9% stake in Bewakoof.

- @InvestRepeat

BREAKING (Reuters): Ghana planning to buy oil with gold instead of U.S. dollars.

This is for tackling dwindling foreign currency reserves coupled with demand for $ by oil importers, which is weakening the local fiat currency & increasing living costs.

- @InvestRepeat

If I give you ₹1000 every day for 10 years, you will have ₹36,50,000.

If I give you ₹1000 and then 0.5% on your balance every day, at the end of 10 years you will have ₹80,56,11,03,397.

That's the power of Compound Interest 🚀

- @InvestRepeat

You will never look at money the same way again once you start investing.

When you see your ₹500 turn into ₹565 for the first time, you won't waste your money anymore on things that don't multiply your money.

Investing creates a new way of thinking.

- @InvestRepeat

Many didn't notice this yet but slowly & steadily Monero (XMR) has climbed from the 30th spot to 27th largest crypto as per market cap.

No company/influencer pumping it.
No one knows who created it.
Most exchanges don't list it.
Best cash alternative.
No VC/Govt loves it.

- @InvestRepeat