MBA IIM-Ahmedabad, MD AIIMS, MBBS AIIMS, ex-McKinsey, Management Consultant
Tens of crores of people earning just barely enough to meet basic needs. This is the reason our GDP per capita is one of the lowest in the world, less than even Bangladesh.
Some people don't want to hear that Bangladesh has higher GDP per capita. You can't hide the truth.
India GDP per capita is less than Bangladesh GDP. India is one of the poorest countries in the world. You should not compare yourself with an average Indian. People often give examples of average Indian income and real estate prices. That's a trash comparison.
Yr 2006- Sam & Ram, 25 yr old work in L&T, at 15k pm. Sam took 10L loan for MBA from ISB. Ram saved every penny & did 5k pm SIP in mutual fund. Today - Sam is senior VP & makes 1.5 cr per yr, gets ESOPs, but doesn't do SIP. Ram is senior manager & earns 50L per Yr, 1L pm SIP.
Very poor corporate governance from a company called Asian Paints. Invest in companies only with good corporate governance.
Tweeple blame poverty in India to huge population, but - 1) Countries with quite less population like Nepal, Cambodia, Guniea etc are also equally poor. 2) China with more people has 5 times GDP per capita. Don't blame corruption, hypocrisy & laziness on population size!
JSW steel vs Tata Steel. Same sector, similar size, almost same business. Yet so different. Commodity companies also differ by "Quality" 😉 You have to work harder and not be lazy to find the difference.
I bought Dollars when INR USD was at 45, today it is at 75. Have I become richer today?
8% inflation and 8% CAGR is Zero real returns.
8.3% CAGR- Long term example from a real mutual fund investor. What is the long term inflation in India? 8% I guess.
All stocks in first line became multi-baggers. Commodity stocks are not for compounding like ITC or Sequent. They are for wealth creation only!
1 year performance of small cap index vs An overvalued social media hyped stock. Invest in Index if you can't research stocks yourself. Don't buy stocks from social media tips.
Who has become Rich from Mutual Funds? 1. Mutual fund managers: 10-100 cr annual CTC for investing in RIL, HDFC & Asian paints 2. MF Distributors: 0.5% annual trail commission, risk free 1-2 cr/yr income 200-300 cr AUM 3. People selling books & courses on compounding
A stock like Asian paints with 3400 cr profit but 3 lakh crore mkt cap is a crap stock in my view. It may be a good business. But the stock is crap.
Correction continues today. Nifty down today 1%. Portfolio up 0.1%
My 100% small cap portfolio ended in green today. What a day for 100-200 PE stocks like IRCTC. They should meet the fate of Neuland and Sequent.
15% advertised CAGR is actually 5% CAGR if you subtract Inflation and Taxes. Nobody has created wealth with 5% CAGR as far as I know!
37 yr old, started from 4.5L/annum in 2008 in TCS, now earns 2.2 crores per year. Didn't invest in stock mkt to become rich! Link-
A good friend just told me that Subros is a good techno Funda stock I don't understand techno or funda! 😌