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For last 1.5-2 years, who is saying that buying real estate (land) is better than other asset classes? Reality - retail has lost big money buying pumped up stocks- countless examples of Sequent, Laurus, Solara, Piramal pharma, IB real etc. Real estate investors minted money.
Renting is better than buying in a high inflation environment. For more jokes, you can visit joke.con
Credit Suisse bank was a 167 years old bank. How many Indian companies have survived over 100 years? Only Tata steel (1907 Yr) has survived & grown. Most other companies like BBTC etc were big companies once upon a time, but are pretty small now. Tata steel is a commodity Co!
Nifty 10 years CAGR after taxes is only 9%. Same as inflation. Net return is a big zero! Welcome to investing. Salaries of many people I know have gone 10x in 10 years. 10 lakh in 2012 to 1 cr Per year in 2023 is a common story in my circle. Some even more.
Gradually, we may have TCS on everything. Want to buy a phone for Rs. 50,000. Pay Rs. 1000 TCS first. Result- people will move to cash transactions. No GST, no income tax, No TCS. Only full enjoyment!
TCS of 20% on common citizen's foreign travel. MPs and PM travel pretty frequently. Any TCS on them? Even if it is paid by govt, the TCS should be cut from the travelers ITR.
When you buy a 50 lakh car, you pay TCS of 1% When you spend 2 lakh on foreign trip, you pay TCS of 20% Can any financial expert help explain why is there 20x difference, if the purpose is tracking and not assertion of power.
In US, Singapore etc. the biggest tax is Income tax. In India, the biggest tax is Inflation and GST. Every year, you pay 8% inflation tax on all your assets, 18% GST on spending+ some income tax on income.
This is Gold!
Ye Jo log, sequent, Piramal pharma, Laurus etc ko itna pump karte hain, woh lunch Mein kya khaate hain- Answer- PUMPkin
What is common between Sequent scientific, Laurus labs and Piramal pharma? Correct answer will get a Gift voucher from me!
Story of people who rent instead of buy real estate. Renting works beautifully when inflation is low.
CEO of Titan says- "I invested primarily in Fixed Deposits" Very sad- there were no Financial influencers at that time. He focused on his career and became very rich.
Yup, borrowers who have invested in real assets create huge wealth when inflation is high.
High inflation means real estate should go up. Real estate is a real asset- inflation high means real estate also high.
Expecting 4 wheeler (Car) sales to stagnate/decline in coming years, as cars have become very expensive in India, while GDP growth rate has not kept pace. #SaveThisTweet
Real estate mkt in Tier 2 towns is similar to small cap stocks. You need to put in a lot of hard work to find areas which can go from undeveloped barren land to developed land in 3-5 years. And you can get a 10 bagger!
Big part of upper middle class household budget- 1) Electronics and white goods (all are imported) 2) Foreign travel 3) Foreign education They are earning in India, but spending on imports goods or abroad trips. No wonder India GDP growth rate is at 4.4%. You can’t force ppl
India GDP growth rate at 4.4%. 2% growth rate is because of growth of population itself. If you subtract the population growth rate, GDP per capita growth rate is at 2.4% only. Invest and Pray!
500% increase in airport fees by Adani. GDP will definitely increase.
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