Received many messages about my Diwali Picks.
Let me say this. India will have a magnificent run in the coming years (it has already started).
Not because we are anything special, but it's the law of universe and economy cycles. Each economy has its run. Japan had, China probably at the fag end of it's own cycle, Germany and many other Europa nations having their own economical challenges and as we speak US is in debt crisis. The power of $ is perhaps saving the US for now but we don't know for how long.
10 years from now, the list of developed nations could be entirely different from the current list.
Whether it is aging population or political challenges or immigration pains or reckless way of printing money or once in a generation inflation/interest rates or painful energy crisis, there are many reasons behind this.
In that sense, India is in a sweet to offer the solutions to many of these challenges and that naturally is creating a way ahead for us.
FIIs might be pulling out money now, in my opinion, this is short term. All of this money will come back, it's matter of months or couple of quarters. Not because FIIs must love India but quite frankly they don't have many options.
It doesn't mean markets won't go thru correction or consolidation. December may see correction if state elections don't satisfy the market or next year's general election may upset market or maybe some other reason. But corrections will happen and opportunities will come.
But all of those are short term. Long term story is absolutely intact.
Whether it is Pipes and Tubes driven by O&G or Jal Jeevan Mission or urbanization, Whether is Power and energy themes, Whether it is Domestic Consumption and Life style changes driven by the growth in per capita, Whether it is Financialization of Savings, Whether it is Recycling Themes, Whether it is Outsourcing of Manufacturing and Precision Engineering, there are enough drivers for markets to keep the momentum on for years to come. None of these themes are ending in 2 or 3 quarters.
Keep at least a 3 year view, identify right companies in these spaces, identify decent valuation and wait for the right time and when the opportunity comes, allocate good! You don't have to buy every day or every week.
But every year gives us at least 3 or 4 opportunities to load up. No matter however good a company is, it will have occasional bad quarter. If you are scared to buy on those days, you are wasting time in equity markets.
Review brokerage reports, listen to concalls, grow your network, attend summits and events whenever possible, be part of communities.
More importantly, take risk on bad days and avoid FOMO on good days.
Best wishes and Happy Deepavali!
Until the finance professionals from the industry start sharing insights based experiences, the finfluencers would crowd the social media & share snackable information leaving the relatively naive audience to discover the intricacies after making costly mistakes.
Great insights on best practices of FLN & future of education at the Foundational Literacy & Numeracy Exhibition on the sidelines of #4thEdWG & Education Ministers’ Meeting in Pune.
Happy to see state governments, social organisations, think tanks and corporates exhibit innovative toy, activity, play and music-based ways to universalise socio-emotional skills, critical thinking, problem-solving skills and numeracy skills in children.
@narendramodi Collaboration is the way to grow!! Jain International Trade Organisation (JITO) is enabling it for all its members. Your presence will inspire us to do better and other communities to follow. Thank you sir for your presence 🙏
Proud to be a part of one of its project @jitojiif
At 10:30 AM tomorrow, 6th May, will address the inaugural ceremony of JITO Connect. This platform, organised by the Jain International Trade Organisation (JITO), will bring together young businesspersons who are doing work in different fields.