Ravi

#Investment in #ETF s are typically made not as a single lump sum, but by dollar cost averaging over a period of many weeks & months. In such cases, your return is not the absolute return from the start date, but a series of returns from each investment date. /1

@svembu Broadcom: 31 Tesla: 16 Amd: 22 Asml: 16 Palantir: 71 Palo alto: 23

Price to Sales ratio for big tech (not price to earnings): 1. Nvidia: 20x 2. Apple: 10x 3. Alphabet (Google): 11x 4. Microsoft: 10x 5. Meta: 7.5x 6. Micron: 19x As Scott McNealy of Sun Micro said back on 2002: "At 10x revenues, to give you a ten-year payback, I have to pay you 100% of revenues for 10 straight years..." This is an insane bubble, even bigger than 1999.

@svembu S&P 500 p/s: 3.7 Nasdaq 100: 7.2 Shiller PE Ratio near Dot Com Bubble all-time high

@dmuthuk UBS wealth report defines wealth as: Net worth or “wealth” is defined as the value of financial assets and real assets (principally housing) owned by private individuals, less their debts.

As I said, you can learn in detail about why primary residence is not considered as part of wealth. I'll try making it simple by one line answer. You can take that lead for research. Here we go: Primary residence is consumption and not an investment.

ind ina jpn kor sgp tha: >$1m, 5.58 mil adults, 0.52% 100k-1m, 97.968, 9.26% ind wealth>$1m, 0.2% of adults 100k-1m, 4%

In 1998, the United States achieved its first federal budget surplus in 29 years, effectively ending a streak of deficits that had lasted since 1969. ⁠ ⁠ This milestone was achieved under President Bill Clinton, following the passage of the Balanced Budget Act of 1997, which resulted in a fiscal surplus of approximately $69 billion for that year.⁠ ⁠

@ISABELNET_SA @GoldmanSachs Highest ever margins needs to be sustained to keep p/e below dotcom levels

🇺🇸 Valuations At 16 times forward earnings compared with 21 for the benchmark, the equal-weight index is hardly a bargain, but it looks more attractive on a relative basis 👉 isabelnet.com/?s=valuation @GoldmanSachs $spx #spx #stocks #equity #stockmarket

@hoomansv 2003 profit margins of 8% vs 19% now

This feels exactly like the dotcom bubble

@SJosephBurns 4th worst fiscal deficit without any world war, pandemic or global financial crisis, worst non-crisis deficit

What is the greatest threat to the U.S. economy? (Name something else in the replies if needed). 👇

@globaltimesnews We know the names, regiments & ranks of all our 20 martyrs. The Chinese people deserve to know theirs from your dictator

On the eve of Mother’s Day, the mothers of martyrs Chen Xiangrong, Xiao Siyuan, and Wang Zhuoran, who lost their lives in the June 2020 Galwan Valley border clash, visited the Military Museum of the Chinese People’s Revolution, where they gently stroked statues of their sons and wrote down how much they missed them.

@BaluGorade Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF

Some good options in the Small Cap space: - HDFC - Helios - Abakkus - Bandhan - Nippon - Invesco - Edelweiss - Any other? If you had to pick just one for the next 10 years, which would you choose?

@TFTC21 you can't make a billion in a few years, it takes 40 years

AOC: "There's a certain level of wealth and accumulation that is unearned. You can't earn a billion dollars."

@SaraEisen @SecScottBessent Financial literacy quiz

Less than half of Americans are financially literate according to TIAA. Former investor and hedge fund manager @SecScottBessent is clearly making it one of his signature issues to boost financial literacy as Treasury Secretary.

@ActusDei apart from 2017, it is an up baloon

Every year Indians debate whether to invest globally. Every year the rupee settles the debate for them. ₹84 → ₹95 in 12 months. That's a 13% currency loss before your equity even blinks. The dollar doesn't care about your hesitation.

@Akshat_World In 2022-23, Rs. 81.6 lacs puts an adult in the top 1% of wealth group Assuming 8% inflation, currently Rs. 1.11 cr will put an adult in the top 1% of wealth, Rs. 3.33 cr for a 5 member household with 3 adults

To retire, you don't need 10 Crores, you need common sense. FIRE experts are not wrong about the math. They are wrong about many assumptions. Here are the top 3:- (1) After retirement, you might NOT want to live in Mumbai/Delhi/B'lore. Your cost of living in a tier-2/3 city dramatically comes down. (2) You might have inheritance. If your parents are financially okay or have an ancestral house; again your corpus size requirements shrink dramatically. (3) In this 10 Crore computation, the assumption is that you are growing your wealth at 4% inflation adjusted. This is abysmally low. You can do much better. If you cultivate the ability to 2X your return (you cut your portfolio's corpus size by half). Does this require work? Yes, of course. Anything worth doing requires effort. My point is: don't get scared by this 10Cr number being thrown around. Look at your life situation. Make reasonable assumptions. You might require far less than you think you need.

@GabbbarSingh and it was at the time when hul was hll : hindustan lever ltd, hence johny lever and not johny unilever

Prakash Rao Janumala couldn’t study beyond 7th standard coz of financial struggles. Born in Andhra Pradesh, His father used to work as a machine operator at an HUL factory. At a company function, Prakash mimicked some senior company officers, and that’s how he was named Johnny Lever. Named after Unilever. :)

@GabbbarSingh better than Daler m.youtube.com/watch?v=3zB8pZ…

@Nithin0dha wealth that just sits in financial assets whose value keeps compounding upward. A vibrant functioning secondary mkt is the bedrock for raising capital via ipo, fpo etc. Without a secndry mkt i.e. wealth just sitting in fin assets, there is no capitalism Even dictator Xi knows it

I'll admit this might sound odd coming from me, maybe even clichéd. But it's something I've been sitting with for a while, so here goes. When I started out, like most people, I had a simple wealth goal. I'd actually written it down: hit ₹5 crore, retire in Goa, beach shack, done. That was the dream. After the Zerodha journey, I find myself on a very different side of that equation, and the dark inequalities of wealth and opportunity are harder to ignore than ever. We all know the numbers on inequality. The concentration of wealth among the top 1% is severe and getting worse, and it's even starker among the top 0.1%. The post-2008 era of rising asset prices has likely made this worse, because the people who hold financial assets are, by definition, people who already have money. This isn't unique to India. Barring a few exceptions, it's a global phenomenon. I'm cautious about attributing every socio-political problem we face today to inequality, but it's hard to deny the role it's played in the political upheavals we're seeing across the world. History rarely shows that sustained, extreme inequality ends well. To me, it increasingly feels like sitting in a car with the brakes cut, watching a cliff approach. Btw, all of this even before AI, which has a non-trivial probability of making things worse. I'll stop short of prescribing solutions. It's too easy to reach for simple answers to complicated problems, and that's a separate conversation entirely. But I think we need to collectively acknowledge this: wealth that just sits in financial assets whose value keeps compounding upward doesn't do much good for anyone beyond those who already have it. And if that wealth isn't in motion, if it isn't doing some social good, the fabric that holds us together will only continue to fray and lead to cynicism, resentment, and worse yet, nihilism. We're already seeing all of it. What I am saying is that even if a portion of that wealth were channelled into things that could materially improve lives, that seems worth doing. Hoarding wealth, in the grand scheme of things, doesn't really help anyone.

@sandeep_PT year founded, no. of employees tcs 1968, 582000 infosys 1981, 337000 hcl 1991, 226000 anthropic 2021, 2300 What did the 2300 employees of Anthropic do in 5 years, that could not have been done by the lakhs of tcs, infy, hcl?

Indian IT majors had a golden opportunity to become AI majors, in the same league or even higher than China's. But from 2012 till 2024, they invested zero R&D dollars in pure AI research and productization, content with their low cost IT outsourcing models. All these IT bosses, called visionaries, displayed exactly zero vision. Their dinosaur brains were stuck on 70 hrs workweeks. Not innovation. Anyone who boldly wanted to make it happen, was fired and removed. (Sikka) The government too let the era-defining AI Revolution just pass India by. Woke up too late. Too late. Net result - India is now the consumer playground of US AI majors and open source Chinese ones. Minor Indian resistance here and there. But no big league world beating game. Yes they'll adapt and all that, but you know what that means. That's our simple story. Consume. Be happy. And very proud. Future will be very challenging for us at a strategic and sovereign level.

@CRTwithSaint Year 1 futures, massive losses Year 2 buy options, big losses Year 3 sell weekly options, small profits Year 4 sell >1 m options, actual profits

Trading is not like other skills. Your career starts after 4 years

@JC_ParetsX Jeremy Grantham $1 bil. John Hussman $400 mil. Other seemingly rich: Marc Faber Harry Dent David Tice Albert Edwards Peter Schiff Nouriel Roubini David Rosenberg

Have you ever met a rich permabear. Do they even make those?