Nifty is back in the "Extreme Greed" zone.

- @InvestRepeat

Credit Suisse hits new record low. It is Switzerland's second-largest bank & one of the largest investment banks in the world.

Switzerland is the 5th largest/richest country (excluding territory or non IMF members) in the world as per GDP per Capita.

- @InvestRepeat

Saving money is defense.
Making money is offense.

Winners are mostly on the offense.

- @InvestRepeat

I don't buy iPhone because I can't really own it. Even after paying unnecessary amount of ₹ ₹ ₹, Apple still owns my iPhone.

Apple/Tim Cook decides
- What stuff I can see on their hardware
- What exact apps I can download
- They even wanted to scan all personal photos & messages so that I don't have something 'bad' (Source)

Buying Apple products = Contributing to abolishing Democracy.

🇮🇳 Index Fund Update: Motilal Oswal has filed papers with SEBI for Nifty MidSmall India Consumption index fund.

Top 5 holding:
Trent 7.49%
Page Industries 6.57%
Indian Hotels 6.44%
TVS 5.84%
Varun Beverages 5.37%

- @InvestRepeat

BREAKING: SEBI opens investigation against PR Sundar, his son and his company for 'unregistered investment advisory'.

- @InvestRepeat

Unfortunately, due to our poor food quality and farming practices, we lack in several key nutrients even if we eat a balanced diet.

Taking the 'right' supplements 💊 is neither bad nor a luxury, but a necessity in today's world.

- @InvestRepeat

Transparency time - Nov 2022:

💸 Savings rate
Last month 50.34%
All-time average 52.92%

💰 Net Worth decreased by 6.95%

📈 Above chart is my overall portfolio performance Vs BSE Sensex Index in last 3 years (18.6% CAGR)

Motilal Oswal Nasdaq 100 ETF (MON100) is currently trading at a discount.

Price: ₹95.15
iNAV: ₹95.61

Nearly a 0.47% discount on its actual price.

- @InvestRepeat

🇮🇳 Index Fund & ETF Update: From today Motilal Oswal reopens 3 overseas schemes.

+ S&P 500 Index Fund
+ MSCI EAFE Top 100 Select Index Fund
+ Nasdaq 100 FoF (will increase MON100 ETF volume)

₹2 lakh max, per PAN, per month in each schemes allowed. Only lumpsums accepted, no SIPs.

- @InvestRepeat

BREAKING: IIFL launches India's first ELSS Index Fund.

Till now only actively managed Mutual Funds were available in ELSS category. Now with this, investors will have a low-cost passive fund tracking the Nifty 50 index; with tax benefits.

SEBI allowed ELSS Passive Funds category in May this year. IIFL is the first one to launch an NFO for a fund like this.

- @InvestRepeat

Transparency time - Investing in Nov 2022:

✅ New Position:
None

🔼 Increased Position:
Bitcoin (BTC)
Physical Silver
Monero (XMR)
Ethereum (ETH)
Nifty 50 (NIFTYBEES)
Nasdaq 100 (MON100)
Nifty Next 50 (JUNIORBEES)
Nifty Midcap 150 (MID150BEES)
Emergency Funds (Liquid Fund)

🔽 Decreased Position:
None

❗️ Exited:
None

Hearing IT companies telling employees to resign after X days if they didn't get any project.

> CEO says no layoffs. Media celebrates 'Such great company'.
> Companies fail to give project (work) despite hiring.
> Employees asked to resign instead of firing.
> So technically company fired no one. CEO still 'great guy'

Nice strategy 🤡

- @InvestRepeat

US Central Bank (Fed) raising rates to crush the economy (demand, jobs etc.) & control inflation.

Meanwhile,
Wages keep rising.
Nonfarm payrolls still strong.
Unemployment is still at 3.7%.

Though actual employed workers down but still concerning data points suggesting risk of wage price spiral. Fed wouldn't like this - they will have to crush the economy more to push more people into unemployment. 2023 looks worse than 2022.

- @InvestRepeat

Nov 2022's dividend update. Received from

₹ TCS (TCS)
₹ Infosys (INFY)
₹ HCL Tech (HCLTECH)
₹ Sovereign Gold Bonds

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

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

☀️ Kings & Queens, this Weekend Learning: https://youtu.be/yPJroM67Awg

Some of the best instruments for tax benefits under Section 80C

⚡️ ELSS: 12% to 15%
⚡️ NPS: 8% to 11%
⚡️ EPF: 7 to 8%

You can save tax & get wealthy ₹ ₹ ₹ parallelly.

- @InvestRepeat

Kuvera - one of the largest Mutual Fund platforms released last week's platform data.

People kept dumping garbage Mutual Funds & bought Nifty 50 Index Fund.

Also PPFAS & Quant keeps attracting new fund flows.

- @InvestRepeat

Govt allows Employees State Insurance Corporation (ESIC) to invest up to 15% surplus funds in equity through ETFs.

🇮🇳 Initially 5% will be invested. Estimated flow ₹3000Cr per year. Expected to increase to ₹10k Cr after 2 quarters.

Investments are restricted to Nifty 50 & Sensex ETFs. They usually go for SBI run ETFs. But overall ETF volume will increase in India 🚀

- @InvestRepeat

5 suggestions for Budget 2023:

Conveyed my suggestion to Gov from here: https://www.mygov.in/group-issue/inviting-ideas-and-suggestions-union-budget-2023-2024/

① Tax Slabs: Reduce Income Tax Slabs by about 5% each. GST is already covering a lot of it. Lower IT will make more people file ITR.

② Exception/Deduction: 80C limit should be increased to ₹2.5 lakh. And LTCG exemption limit to ₹2.5 lakh.

③ Equity: Dividends should be tax-free until ₹5 lakh. Anyone receiving ₹5 lakh+ in an FY as dividend has to pay as per his/her income tax slab.

④ Crypto: Remove TDS, keep only the Capital Gains tax. Unnecessary use of resources for IT Dept to apply TDS as hardly anyone files TDS for each transaction & hard to verify for IT Dept.

⑤ Inheritance Tax: Anyone (Son, Wife etc.) inheriting ₹20 Cr+ from some family member (Father, Husband etc.) should be taxed at 40 to 50%. Inheritance Tax exempted for those who donate it to non-family members or NGOs run by non-family member. No more than ₹20 lakh can be donated to 1 person/entity.

- @InvestRepeat