Weekly Fin-Fun Newsletter #95
Stock of the week, Elon Musk, Sam Altman, Utpal Seth, Nifty , Warhammer and more..
गणेश चतुर्थीच्या शुभेच्छा
Let us seek the blessings of Lord Ganesha for a prosperous financial journey with wise decisions and successful investments. Happy Ganesh Chaturthi!
Markets - 19th Sep 2023
3 out of 4 Index’s are in the Red Zone after the massive 800 pointer rally.
Nifty still strong compared to Govt Bonds and Gold.
To all young investors-
A 2000 sip increased 10% every year wil be 2 cr in 30yrs
A 5000 sip stepped up 10% wil be 5-6 cr in 30yrs
A 10k sip stepped up 10% wil be 10-12cr
A 20k sip stepped up 10% wil b 20-22cr
People wil give u gyan on inflation n 30 yrs etc….just start!
H/t Gurmeet Chaddha
Stock of the Week
Balaji Amins CMP 2229 , enter above 2280
Balaji Amines Ltd specialises in manufacturing Methylamines, Ethylamines, Derivatives of specialty chemicals and Pharma Excipients. These have been the main products, it also have facilities for the manufacturing of derivatives, which are down-stream products for various pharma/pesticide industries apart from user specific requirements. It is one of the largest manufacturers of aliphatic amines in India. [1]
Movie /Book of the Week
Some interesting Reads and Tweets
first video from the @allinsummit - in conversation with @elonmusk
VCs are traders. They are not investors: Aswath Damodaran
Astral Pipes - Great co, but super overvalued
Sankaran Naren: 11 brilliant lessons learnt over 3 decades
NIFTY is entering the value creation zone after a decade + It hit its new high at 20,000 today
Happy Ganesh Chathurthi!