In 2013, Raghuram Rajan raised $26 billion from NRIs & it saved our Rupee from falling further.
This June the RBI opened the same window & asked for $80 billion & surprisingly it got $136 billion & it has stopped the scheme a month early.
The rupee still broke 95 & is still
Higher US yields +stronger dollar + expensive crude, all together is impacting EMs amd for India, the issue hits even worse with the combo of FII selling + weaker rupee.
Domestic liquidity has absorbed a lot so far, but if global rates stay high for longer, I wonder how long can
Gold can be a hedge, a diversifier & a store of value, but anyone expecting a smooth journey will probably misunderstand the asset itself.
Just see how wildly the story changes from one decade to another. 🎢
🔥 The crazy 1970s:
Gold went up roughly 1,200% during the decade.
💀
The 2 worst money/finance advise I ever heard are:
1. "Fixed deposits are the best way to earn from your money"😳
2. "Don't make too much money, because then you have to pay more taxes"🤦
🔹What are the worst #money advise YOU have ever heard ❓
My worst #investing bets ever.
BIG lessons learnt 🙏🙄
🔴 DHFL: Tried copying the Big Bull
🔴 Yes Bank: Stumped by Rana Kapoor heroics
🔴 NBCC: Brokerage recommendations got me
🔴 Manpasand: Multibagger story went bust
🔴 GIC Housing: looked cheap but stayed even more cheaper
Some sunday humor 😆
The Chinese are way ahead of us because of their flexibility.
A Chinese investor's story:
"Last month, market was good, my dog ate what I ate.
Last week, market was bad, I ate what my dog ate.
Yesterday, market crashed, I ate my dog..." 😳
Folks, somewhere in your 30s & 40s, paisa, ambition, responsibilities & the urge to enjoy life all start pulling you in different directions, aur isi bhaag daud mein health usually tends to takes a back seat. Obviously when responsibilities are getting bigger, the hunger &
Promoter buying is 1 parameter worth keeping an eye on. Sharing these 12 companies with market cap ₹1,000 Cr+ where promoter/promoter group buying was seen in the last ~6 weeks:
Confidence Petroleum: ~₹62 Cr+
IRB Infrastructure: ~₹80 Cr+
Prataap Snacks: ~₹33 Cr
Arisinfra
I like to track portfolios of well known HNI investors every now & then. Mr. Ashish Kacholia is 1 of them I regularly keep tracking, especially because of the kind of small & microcap companies he picks.
Some names here operate in very specialised niche areas, & I am digging
Looking for a sounding board to help you build features users want, or how to validate your startup idea, or how to build an indie career optimised for freedom!
Look no further!
Connect 1:1 with none other than @ayushtweetshere the insights guy🧠
https://t.co/y2uk1KDDFs
Amazing how humans complicate everything. This pre & post lockdown visual is proof that it's not too late yet. Today on #WorldEnvironmentDay I'm hopeful we can learn and maintain mother Earth through our actions 🌱🌏
In Spain, a taxi driver was known for taking patients to the hospital, free of charge.
One day, he got a call to pickup a patient from the hospital.
When he arrived, doctors and nurses surprised him with a standing ovation, plus an envelope of money. 🇪🇸�