29 years old, a โน3 crore portfolio
and yet, the journey is far from over.
While most people wait for their monthly paycheck
some have already made their money work for them.
This 29 year old guy has built a โน3 crore portfolio through mutual funds and stocks,
while also keeping โน35 lakh in an arbitrage fund,
ready to deploy whenever the market goes through a correction.
That's the difference.
Average investors fear market crashes,
Smart investors prepare for them.
The most inspiring part is not the โน3 crore portfolio.
His ultimate goal is not just to become wealthy,
it's to achieve financial freedom,
so one day he can work because he loves it, not because he needs the money.
Wealth is not created overnight.
It's the result of years of discipline, patience, and consistently making the right financial decisions.
What's more impressive
a โน3 crore portfolio at 29,
or the mindset of waiting for market corrections instead of chasing luxury ?
Share your thoughts in the comments.
How to solve Indiaโs idiot driver problem.
A driving license test to be conducted by the insurance company that insures the vehicle every time a new car is sold.
If youโre asking whatโs wrong with RTOs, you can get a license sitting in the backseat during the test in India
@ipo_agarwal Will be very complicated sir as the vehicle purchased would be in one family member name and usually people try to apply ipo from multiple family accounts..
Ola Electric Market Cap is 58000 Cr (Aug 16 2024).
Now, if we take 50 PE to be an optimistic multiple (assuming that someday, it will be profitable, cash flow positive, debt free etc.), it needs to have a Net Profit of 1160 Cr today. Today, company is in Loss (understandable since they are building the base)
If we assume a Net Profit Margin of around 10%, we need to have a Revenue of 11600 Cr to Justify Today's Valuation. Today Revenue also is around 5000 Cr.
I understand that Markets Value the Future. But sometimes, it's Fun to Just Watch from the Sidelines.
I have Zero Doubt that Ola Electric would build something amazing. But I hope they build it step by step, profitably & scalable, which would take them longer, higher & forever. This post is not to write them off, I feel they have something huge to achieve. Just writing this to show, that they have too much pressure to perform, and walking on thin ice. Investors should buy and forget, in my view.
What am I doing? POMO - Pleasure of Missing Out. Maybe I'll just book a Cab sometime...
I Rest My Case ๐๐๐ But Congratulations to Promoters for Building. Keep it going.
#FI