Sourav Dutta
@Dutta_Souravd
13+ years in stock market / CC enthusiast / XLRI / FIREd / DM for collab
I started investing in 2012. The first 8 years were painful accumulation. Save invest repeat. Not much movement. Then all of a sudden, Covid happened, the portfolio crashed 50%. I held on with a firm belief in the stock market. The rebound was amazing. Portfolio 20+X from the…
Holding Brigade in 12 accounts for shareholder quotar but looks like it'll go to waste with high valuations and low GMP.
Noone can teach you investing. Either you enjoy stock picking or you don't. If you don't, invest in MF and make active income through a job you love. It's a slower but sure way to ₹10Cr networth.
RJ made ₹40K Cr starting at 0. Vijay Kedia made ₹2K Cr starting at 0. Madhu Kela made ₹2K Cr starting at 0. Why can't we make ₹10Cr atleast? My 1st milestone is ₹100Cr
You'll get more respect with a networth of ₹10Cr than a networth of ₹10L. Sadly that's how society works. Money speaks.
If someone tells you it's not possible to achieve ₹10Cr in India, don't stop trying. They can't dream of a free life doesn't mean you shouldn't.
If you have ₹10L to invest, invest only ₹10L. All leverage products like MTF are built to make money for the broker and bankrupt the investor. Munger: "You can't go broke if you don't have debt"
NSDL unlisted price ₹1200, IPO price ₹800. Unlisted space is not for retail public. It's for the big fish who can catch companies early and small.
It was 7yrs of saving, investing for ₹1Cr. It exploded 12X in 3.5yrs after that. Stocks create magic if you stick around.
If you buy a house in the first 7 yrs, you can't build a ₹10Cr portfolio.
How I categorise wealth in India: Poor : 10L Lower Middle Class : 50L Middle Class : 1 Cr Upper Middle Class : 2 Cr Rich : 5 Cr HNI : 10 Cr UHNI : 50 Cr Don't Care Wealth : 200 Cr Generational Wealth : 1000 Cr Which category are you?
If you don't see ₹10Cr in your dreams you'll never see it in your bank statement.
Hope isn't a strategy for investors. ROE and cashflow is.
If Gold goes 3X from here, Silver will go 3X relative to Gold. This is the best passive investment for next 10 yrs.
It's amazing to see someone waiting for 365 days to get 6% on his FD but demands 6% every day the moment he invests in stocks. Money doesn't grow on trees. It's created with time.
Take a small break after hitting your first ₹1Cr. The journey to ₹10Cr next won't take too long.
₹10Cr in India relieves a lot of financial stress. For context, avg American networth is ₹2Cr.