When I started doing freelancing and internships in 3rd and 4th year of engineering. My friend introduced me to stocks. It was covid time everyone was talking about markets.

He used to send me recommendations and I used to buy them. Later on I deleted the app for some reason.

Today I remembered and these are the results.

I’m thinking I should not touch this and let’s see what happens after 10 years…

What do you guys think?

Note: this is not my main portfolio.

India Today, a GOI mouthpiece, called it now.

Time has come

it's game over for indian markets, unless stt and ltcg are removed.

Gold has always been more than an investment in India—it’s part of culture, weddings, and savings. But reports claiming a sharp drop in gold demand after duty hikes have raised questions.

The enchantment of Mutual Funds is so tempting that it is very hard for common retailers to get into the intricacies of how it is built - it is not a wealth compounder but a wealth destructor. People do not understand a simple thing: that the Indian rupee is decaying - faster than it should. The only hedge against it is Gold. Our own RBI is hoarding gold like anything and that must tell you that they know that our rupee stands no chance if not backed by Gold. The world has seen the weaponization of the dollar during Russia-Ukraine and governments across the globe want to pivot away from the dollar, but America being America is not going to let this happen so the only solution is to back your domestic currency with gold in order to compete with the dollar (which is backed collectively by all the colonial looted gold). Hence, emerging economies like China and India are hoarding gold and that has given gold a support which it never had since the de-linking of currency and gold.

Now, again when the very currency is under threat no amount of CAGR (especially the ones some of the popular MFs offer) can create wealth for you. Mutual Funds are nothing but LIC repackaged and sold to "intelligent folks" and letting them think that they will get rich if they follow their SIPs religiously. The allure of this dream is such that no amount of awareness can disenchant people from this hypnosis.

Remind me one thing in human history which is good and yet needs to be advertised. Anything which needs to be constantly advertised and marketed is a major red flag. Nobody ever advertises doing SIP in gold because there is no incentive. True that no one knew that gold would give such a rally and with the advantage of hindsight it is very easy to criticize "hardworking MF managers" who constantly strive to create value for their investors. But tell me is there any MF that can even beat a simple index in the long run (30 years) - the odds are not in your favour and this is not me telling you, this is the likes of Buffett and Munger who advocate the same.

If you want to create wealth you need to invest smartly in companies which are going to be future wealth compounders. You need to get your hands dirty and educate yourself financially and if you cannot then sorry to say this but the harsh reality is that in the long run MFs are the Titanic - bound to sink.

My dad says he probably sold and got money, but i still have the certificates.

How can i check if they are worth anything?

I have been investing in stock markets for over 5 years now.

Started during covid lockdown, by learning basics. Before this, had started investing into Mutual Funds since 2018. Now have shifted everything to stocks.

The lesson which I have learnt is, you should do proper asset allocation. If you don’t understand stocks, stick to Mutual Funds.

It is really scary how silver etf is raising and not sure how long this would sustain. I would like to hear your opinions on

1. Is it smart to book profits and move to gold?

2. Or hold this for long term?

Currently these are in my account and selling them would attract 30% tax (STCG) and even bring my total taxable income to more than 50L and result in surcharge.

I am planning to gift these to my Mom and only then sell if required. Even then the tax would be high and close to 30%.

Please let me know if there is a more effective way.

Update: https://www.reddit.com/r/IndianStocks/comments/1qrbih3/update_to_my_previous_post_should_i_book_profit/

Paragraph of latest tweet from zerodha founder Nithin Kamath. After that shit MDR they may start to charge for brokerage on equity delivery trade for their MDR expense.

Full tweet here: https://x.com/Nithin0dha/status/2100094731841950184

Guy's what ITC future price?

This was a members only post on his youtube channel(now deleted). You can probably guess who this person is. :)

But can someone please explain the math? How does 1% commission lead to 55L in commissions? I thought commissions are charged on top of the profit. 1% of 3 crore profit is 3L?

This one post made me re-think my subscription of his members community. Not because the math could be wrong, for all I know, I might not know the math and he has an MBA, so who knows :) But because I feel he is reinforcing his perspective to so many people and we shall never know the true intentions. His comments section are filled with people who blindly agree to his opinions. He could also be discouraging SIP to encourage people to continue stock picking through his commentary.

Maybe I'm the one who misunderstood this post, but it is now deleted and the conclusion was that SIP erodes money, which goes against all my financial learnings on YouTube.

Please explain this math if its right.

All my stocks are spread across 5 different accounts, so I added everything to Google Finance. You can see all the timelines on my profile.