Akshat Shrivastava LinkedIn Posts

Budget 2024:
- Stock Investing will now attract 12.5% Long-term (previously it was 10%)
- And 20% Short-term taxation (previously this was 15%)

[1]

After yesterday's budget, any sensible investor should ask:-

What's the guarantee that in the next 30-years, the long-term capital gains on equities won't

I live in a rented house-- but own multiple properties.

People debate excessively on: buy vs rent decision, without understanding the complete basics

Here is a checklist from Mr. Warren Buffett on 12 life decisions that lead to success:

1. The decision to nurture curiosity
2. The

Top 0.01% in India own 22.2% of India's wealth. 
Top 0.01% in the U.S. owns about 12.5% of the USA's wealth.

Thomas Piketty's report on:

In India, all the 4 major types of taxation is HIGH:-

•⁠ ⁠Personal income tax (high)
•⁠ ⁠Corporate tax (high)
•⁠ ⁠Indirect tax (high)
•⁠ ⁠Capital gains (high)

On the flip side,

With 1 Crore income in India:

You could buy:

- A great car.
- A great house.
- Great healthcare/education for kids.
- May be

If you spend 100 Rs, typically 33Rs goes towards your housing.

To control your rising cost of living: it is tempting to buy

[1] When you grow your skills, you solve your money making problem.
[2] When you buy gold, you solve your buying power problem.

[1] Most people can't invest their own money
[2] Most people can't get into IITs/IIMs/top schools
[3] Most people can't build multiple parallel

Thanks to all my Teachers, who got me to the point: where I could teach others❤️

Using the lessons, I learnt from them: I'm

Wow, it is amazing to see young folks create such massive wealth.

If we have to read between the lines, here are some

This will hurt retail investors:

In one of the latest moves: the taxation on Share buyback is changing from Oct 1st, 2024.

[1]

NVIDIA's stock created several millionaires.

Since 2019, it gave 3776% since 2019. And, many employees who owned the ESOPs became millionaires.

Now, you

If you don't know how to protect your wealth: you will work your way towards poverty.

Let me explain:

[1] Option 1: Work

In my 20s, I worked for at least 10 hours/day. Every single day, 7 days a week.

(Rare exceptions when I was sick).

[1] When

I met an investor who has no source of income. And, lives on a fairly big portfolio.

He was deeply worried about how capital

Elon Musk is a genius.
His products have a MOAT.
He might be egoistic.

And, can make eccentric calls.

But, if a CEO/lead promoter is

In our 20s:

[1] We have no major responsibilities.
[2] A lot of energy
[3] And, can focus on working hard/goals more easily.

Having global mobility is the next big thing.
People will write books about this in the next 10 years.

If you can work