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KnackChap

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2 minutes ago, KunjanPSD said:

Most of his net worth is in equity.

Taxing unrealised gains is idiotic.

By that way, will the govt. provide refunds for unrealised losses?

 

Check the article. He claimed income as 1 dollar. Bought everything else on single digit loans approved by board. Typical evasion by almost all billionaires (Bezos etc). 

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4 minutes ago, Bird Bird Bird said:

 

Check the article. He claimed income as 1 dollar. Bought everything else on single digit loans approved by board. Typical evasion by almost all billionaires (Bezos etc). 

I have checked it.

But isn't that something which everyone of us would do? If hypothetically we were in the same position.

The plan they are currently formulating is very crude and rushed. 

Congress wants a part of unrealised gains but doesn't want to balance out with the unrealised losses. 

 

Even business owners in India do this. Nothing different except the scale.

 

Instead of just increasing the taxes on the B group, why not also decrease the taxes on the salaried group?

 

This is not about paying your fair share. This about increasing the reserves.

I don't see any advantages trickling down to the normal people.

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53 minutes ago, KunjanPSD said:

I have checked it.

But isn't that something which everyone of us would do? If hypothetically we were in the same position.

The plan they are currently formulating is very crude and rushed. 

Congress wants a part of unrealised gains but doesn't want to balance out with the unrealised losses. 

 

Even business owners in India do this. Nothing different except the scale.

 

Instead of just increasing the taxes on the B group, why not also decrease the taxes on the salaried group?

 

This is not about paying your fair share. This about increasing the reserves.

I don't see any advantages trickling down to the normal people.

 

I hope you do understand the huge income disparity between rich and poor ? Specially between such mega billionaires and average people. 

Go through how the disparity has risen through the years - applicable to most capitalistic countries. 

Also have a look at how big European countries like Germany manage it. 

The way forward is always a mix of socialism and capitalism. Neither alone can survive for a long time. 

The govt also needs money. While i would love to see lower taxes for average Joe, billionaires exploiting loopholes to pay zero taxes is just extremely shitty and scummy. 

If a regular person tries this, they will spend most of their life in jail. 

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26 minutes ago, Bird Bird Bird said:

 

I hope you do understand the huge income disparity between rich and poor ? Specially between such mega billionaires and average people. 

Go through how the disparity has risen through the years - applicable to most capitalistic countries. 

Also have a look at how big European countries like Germany manage it. 

The way forward is always a mix of socialism and capitalism. Neither alone can survive for a long time. 

The govt also needs money. While i would love to see lower taxes for average Joe, billionaires exploiting loopholes to pay zero taxes is just extremely shitty and scummy. 

If a regular person tries this, they will spend most of their life in jail. 

I understand the income disparity.

Have been closely following such macroeconomic issues and the plight of the poor is not really due the rich becoming richer.

It is certainly a contributing factor but not even near to the point that bringing in these measures will solve something.

And this will just be the beginning, you will see this law trickling down to the millionaires and then those who earn 6 figures.

It's just a way to normalise taxing assets.

It's been an age long trick.

 

I am aware of how the Europe & Germany works but their solution is far more sophisticated than a blanket tax on holdings.

 

Regular day Joe can't exploit this, agreed but they aren't getting benefited by Billionaire tax.

Ex: None of this money will go towards Healthcare in the US.

 

Congress will pass out laws like restraining Congressmen from holding assets but they will just circumvent it by starting a capital fund (Pelosi). Everyone is just looking out for their pocket, nothing else.

 

You can go through some of the more details below:

 

https://youtu.be/lQddA58hZdQ

 

 

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3 hours ago, sumanth said:

Someone give me money :cry:

Agle salary se lena market isnt looking strong anyway. 
bc mujhe laga reverse hoga toh kuch liye maine, reverse hua aur waps ulta reverse bhi hua 😅😂😂

2 hours ago, Big Boss said:

Wtf IRCTC keeps falling down

 

Reason why i never buy PSU stocks no matter the monopoly. Market knew this beforehand.

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44 minutes ago, rushaboswal said:

Agle salary se lena market isnt looking strong anyway. 
bc mujhe laga reverse hoga toh kuch liye maine, reverse hua aur waps ulta reverse bhi hua 😅😂😂

 

Reason why i never buy PSU stocks no matter the monopoly. Market knew this beforehand.

 

IRCTC ke to laude lag gaye. 

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51 minutes ago, KunjanPSD said:

Expected results from Laurus.

Although quarterly revenue lower than what I expected, there is almost 200crs of inventory on BS though.

I am expecting a further fall. Tough times for my PF.

 

 

Played out better than expected. 

 

There was a double top in early Oct too. Should have sold and re-entered at lower levels. :wallbash:

 

It is sitting on 200EMA line for a few days now. I see some support at 500 levels, but beyond that, nothing till 350-ish. Scary. 

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54 minutes ago, KunjanPSD said:

Expected results from Laurus.

Although quarterly revenue lower than what I expected, there is almost 200crs of inventory on BS though.

I am expecting a further fall. Tough times for my PF.

Bhai you are 70% net profit kuch tough times nae he , hamare jaise 10-20% walonka soch kitna tough times he :roflroll:

 

16 minutes ago, Bird Bird Bird said:

 

IRCTC ke to laude lag gaye. 

I have said multiple times , dont bet on PSU . There are so many other stocks why bother with such stocks?
MoNoPoLy business jayega ab tel lene <_<

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3 minutes ago, rushaboswal said:

have said multiple times , dont bet on PSU . There are so many other stocks why bother with such stocks?
MoNoPoLy business jayega ab tel lene <_<

 

Everything said and done, I am still bullish on it for long term. It's a monopoly, and ticketing can only go one way as long as no further lockdowns are imposed. 

With the right management, they can leverage other areas - better food options, more exclusive trains through set areas (Char dham etc), marketing/branding on trains etc. 

They do have ample opportunity in their hands. 

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5 minutes ago, Bird Bird Bird said:

 

 

Played out better than expected. 

 

There was a double top in early Oct too. Should have sold and re-entered at lower levels. :wallbash:

 

It is sitting on 200EMA line for a few days now. I see some support at 500 levels, but beyond that, nothing till 350-ish. Scary. 

Koi nhi. 

I have accepted that my profits won't sustain and FY22 will be a year of accumulation for me. Building as much quantity as possible at lower prices. 

I will wait till FY23-24 to reap the profits.

Jumping in & out hampers the compounding.

 

If it comes to 350, it will be tough for me to see but I hopefully, will hold.

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7 minutes ago, rushaboswal said:

Bhai you are 70% net profit kuch tough times nae he , hamare jaise 10-20% walonka soch kitna tough times he :roflroll:

No longer 70%.

After adding more capital last week + the drawdown, I am at 60% now.

 

Having the ability to check the stock price everyday is a pro & a con.

It is possible that even your fixed deposits at some point, are in loss over their tenure but it is not updated everyday.

Long-term investing is not easy.

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6 minutes ago, Bird Bird Bird said:

 

Everything said and done, I am still bullish on it for long term. It's a monopoly, and ticketing can only go one way as long as no further lockdowns are imposed. 

With the right management, they can leverage other areas - better food options, more exclusive trains through set areas (Char dham etc), marketing/branding on trains etc. 

They do have ample opportunity in their hands. 

You can be bullish but only at a fair price right ? For me PSU is no-no solely because governments keep changing and you never know what another idiot would do next.

2 minutes ago, KunjanPSD said:

No longer 70%.

After adding more capital last week + the drawdown, I am at 60% now.

 

Having the ability to check the stock price everyday is a pro & a con.

It is possible that even your fixed deposits at some point, are in loss over their tenure but it is not updated everyday.

Long-term investing is not easy.

I used to check it 5 times a day. Brought it down to 2 times a day and sometimes even forget to watch. Have very few short term positions now.

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