RupeeNotes

Thoughtful & crisp articles (& tweets) on income tax, GST, investing and finance by a team of Chartered Accountants. Subscribe:

[Akshat Shrivastava @Akshat_World]

I'm on 50L loss on Meta.

So let me explain how I'm thinking about this:-

1) Broken business vs Broken price?

- Almost every hyper-scaler is gaining: eg. Msft, Amazon, Google
- Has all done well stock price wise now.
- Msft yesterday went up by 15%+

Unless there is a clear proof that Meta is collapsing (compared to other hyper-scaler), it remains a good business.

2) Should you downward average?

- I did.
- As long as it does not make my portfolio over-concentrated (I'm around 11-12% on my Meta positions now), I have an option to downward average.
- I am happy to make my portfolio around 15% Meta, if it comes to that.

3) Selling vs buying a stock

- The best time to buy a stock is on a downtrend.
- The best time to sell a stock is on an uptrend (when it hits resistance)
- We are in a downtrend, so buying/downward averaging.

I did the same of Msft, Google, Amazon (All up now)
Meta will run too.

This is the most important point:-

I just need to be right ONCE on Meta. i.e if Meta run up once, I can sell my positions and make decent money. That's the beauty of investing as a retail guy.

I'm not running away from twitter. Whether good/bad, I will take you guys through my journey of investing big blocks of money on different stocks.

***

Troll who made 0 money in the last 2-3 years, look for every opportunity to hurl abuses/bash me. And, it is fine. I honestly don't care.

People who actually have the guts put their money where their mouth is. And, perform. That's exactly what I'm doing.

I have a portfolio that any student can access. Look at the entire trade history. And, assess if we are doing well/badly (ans: we are doing exceptionally well). I still beat 99% of funds out there.

Not 1 guy in India does it this transparently :)

[RupeeNotes @RupeeNotes]

@IncomeTaxIndia For salaried employees of the UN or universities established under the UN Act, there is no option to present their exempt salaries since the exempt (others) option has been completely removed by the utility. Please assist.

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@SaketGokhale Sir but Noida TV?

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@skjsaurabh Escalate within the bank and if not resolved, file plaint with the RBI ombudsman.

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@PatelJeet1704 @MGMotorIn Just file a case against them already if they're not ready to fix it

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@udayvickykatta People really need to start boycotting tata motors by now. They're actually popular for not giving good service.

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@pnbindia stock audit completed for client. Bank branches are refusing to make payments for completed work owing to a negative stock audit report from auditors. Please check.

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@sidlalla1 Hi. Can you please share the RM contact on my DM. Unable to send a message through the message button. Thanks.

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@thecurious_12 @TorqueIndia @volklub Recently received a reply from Skoda team that even battery replacement needs to be done from their service center. This is not part of the terms and conditions of extended warranty. Will be reaching out to consumer court soon.

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@MallikarjunaNH @SkodaIndia Even I need a battery replacement for my skoda, any update on warranty voiding for exide batteries? Batteries aren't covered under extended warranty as far as I know.

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@Akshat_World Sir, taxes have been calculated without deducting cost price of investments.

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@nipim @ankurmittal The link isnt working anymore for me? Can you please share how it went through?

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@asianpaints Purchased nilaya wallpapers from ambeji paints, bhogal, new delhi. One roll out of the two purchased is wrongly printed and has a white band and is defective. Please assist urgently.

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@dmuthuk Sir the estate taxes have existed even before Trump. The US treasury knows how to keep its pockets full.

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@KarthikRL6 Same issue with me, any solution yet?

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Please note that I have all proofs, photos and dash cam footage to prove the fact. Please take this matter seriously.

[RupeeNotes @RupeeNotes]

@MGMotorIn @MGSupportIndia the service center at okhla not only did not do any work on the car, dirtied it completely and damaged my car. Photos are attached. Please let me know the way forward or I shall be filing a plaint with the police by evening 6 PM.

[RupeeNotes @RupeeNotes]

@thenrihub @MGMotorIn Yeah curious to know what happened. MG has been extremely slow to respond with the issues related to my ZS EV as well.

[RupeeNotes @RupeeNotes]

@MGSupportIndia @MGMotorIn My MG ZS EV has been at the service center almost 15 times now but still the problems continue. Will this be solved or should I just proceed to file a suit against your company?

[RupeeNotes @RupeeNotes]

@cbic_india our client's new GST registration is being held up for one documentation or another since more than a month. Biometrics have been asked for twice. Address exists on the aadhar and income tax portal as well, still it's being held. Request you to look into the matter.