Tries to convert surplus income into enduring wealth through long-term investment. Fond of index investing. Any investment mentioned is not a recommendation. Kolkata, IndiaJoined August 2019
Even greater FOMO will set in for #ITC .
Please refer to my tweet dated 19th and 20th September 2021 and also the reply dated 23rd September 2021.
Not at all a recommendation.
Kindly do your own research or take help of a registered investment advisor.
Try out basket investing.
I am investing in the following baskets:
HUL+ITC+NESTLE in equal weight.
BAJAJ FINSERV+HDFC in equal weight.
Basket investing does help in reducing risk.
Not a recommendation.
Observe one thing.
Sensex took first 3652 days to become 10X.
It took next 3875 days to become just 6X.
Clearly it's appreciation rate has decreased.
Time has come to lower our expectation on stock market returns.
We have to be realistic to stay in the game.
Why I am buying #HDFC on every dip:
⭐High quality management
⭐Efficient management of asset side of balance sheet
⭐Sensible disbursement
⭐Ability to garner fund at lower cost than peer companies
⭐Holding company of other very strong companies
⭐High brand visibility .
#ITC is undergoing a transition.This will not be completed overnight.
It's infotech business through its subsidiary can itself be a huge value creator over time.
Spice, Chocolate, Coffee, Diary,Agri vertical will add good value.
#ITC's positive price action is not far away.
The first thing an investor needs to look into while investing in a company
It's management
And the last thing s/he needs to look into
Again it's management.
Had you put just rs.100 pm since Sept.2002 till Aug.2021 with just 10% annual compounding your kitty would have been more than rs.64500 now.
Price of a dozen egg in Sept.'02 was rs.21.Now it is rs.84.
Compare inflation with power of consistency in your investment
India has administered more than 20 million vaccine shots in a single day. No mention in the western media so far.Are they jealous of our achievement?! My salute to everyone who has made this possible. My country is worth investing.
A non #IITIAN,non #CA,non #CFA,non #Cost Account,non #PhD. An ordinary person.But it's OK.It is enough,rather more than enough to be an ordinary person to succeed in #investing .It requires
Pre Planning
Sticking to it
Executing
Consistency
Patience.
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