Nitin

Navigating the world of investing & personal finance, one lesson at a time. Write actively on Indian politics. Love ginger tea 🇮🇳 🤝🇨🇦

[Nitin @beingNitinJain]

Five D's of #Success

#Direction
#Determination
#Dedication
#Discipline
#Destiny

[Nitin @beingNitinJain]

@_RituSingh @HDFC_Bank @ShereenBhan My gut says he will prepare HDFC to be taken over by Adani .

[Nitin @beingNitinJain]

@_RituSingh @HDFC_Bank @ShereenBhan What a downfall of HDFC from Parag Jain to Rajiv Kumar.

[Nitin @beingNitinJain]

Rahul Gandhi is better compared to Modi anytime.

Under Modi,
1. Institutions have become opaque
2. your nationality is under question
3. brotherhood in society is gone,
4. No effort on pollution, education and healthcare
5. No accountability
6. Corruption is booming

Under Congress only , #4 and #6 were the issues

[Nitin @beingNitinJain]

@10BaggerStocksX Unless @ronmortgageguy says it, it is hard to believe

[Nitin @beingNitinJain]

@sid_thinketh @TheEconomist Become a NRI and avail any passport service. You will know how pathetic are the service of Govt appointed vendors abroad.

NRI are in best position to compare the govt service abroad and in India and they can clearly see pathetic service of Govt offices in India

[Nitin @beingNitinJain]

@CanadaImmigra20 How is this beneficial - this is a give and take situation . You let go coverage on something and premium comes down

[Nitin @beingNitinJain]

@catale7a Fun fact there is no “Indian” now

[Nitin @beingNitinJain]

@BrandonWealth You can make additional income by using covered call if you have stocks in USD. Just made $250 by making a covered call on 100 stocks of $PENG

[Nitin @beingNitinJain]

@InvestmentGuru_ Placed limit order at 930 for few stocks , rest based on earnings response

[Nitin @beingNitinJain]

@TheCADInvestor @Crypto__Baggins And where will they get $7000 when 18 ?

[Nitin @beingNitinJain]

@LegacyPathCA Simple rule of thumb:

only the money that goes into TFSA account count towards TFSA limit , not the actual investment itself.

Within TFSA you buy, you sell , you buy again , you invest your dividends - nothing matters.

[Nitin @beingNitinJain]

@StockSavvyShay @fiscal_ai It was just a usb pen drive company a year ago ,
No body would have put 100K in to this company unless had some insider info. Life is full of regrets if we look at stocks in such a way.

[Nitin @beingNitinJain]

If stocks are growing fast and there is room in TFSA, I would prefer TFSA over RRSP because the gains are completely tax-free during withdrawal

Once the TFSA is full, then only I will put growth stocks in the RRSP.

If my $10,000 becomes $500,000 in each account, TFSA beats the RRSP at the time of withdrawal as there is no taxes then

[Nitin @beingNitinJain]

Indian growth story hurts when rupee is falling so badly. NRIs have to convert money back to their local currency and it eats away lots of gains

Plus there is not point investing in India when local stock markets are giving high returns. US and Canada are in the bull market of their lifetime currently

[Nitin @beingNitinJain]

@TheCADInvestor The issue is that average income is too low

[Nitin @beingNitinJain]

@Noobfull1 @TheCADInvestor @grok Only if they are paying high dividend , else there is not advantage to put them in RRSP over TFSA

[Nitin @beingNitinJain]

@Gubloinvestor Why do you want people to subscribe you, you would have to pay more taxes then ? You are already pissed about giving taxes

[Nitin @beingNitinJain]

@ANI and then it will be handed over to Adani . Built on taxpayers money , benefits reaped by Private company

[Nitin @beingNitinJain]

@CVC_Youth_Wing If ED leaves ,Modi won’t win elections. If Modi leaves, BJP won’t win more than 10 seats in India.

[Nitin @beingNitinJain]

@954realtor @Gubloinvestor There is no Roth in Canada. Its equivalent is TFSA where max contributions per year is fixed to 7000 CAD unless there are unused contribution room from past