I get it! Resolutions in the first week of December might sound a bit premature. I mean, we still have a good month before the whole resolution frenzy kicks in, right? Well, not quite. Buckle up and dive into this month’s newsletter to uncover the surprising twist in the tale. 😉✨
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Now here’s what’s in store for you:
Market performance & the Indian economy
Charlie Munger 💔
The Resolution Solution
Binge of the month
Basically it’s content that’s not worth missing, so read up!
🤨 ‘Sup with the market
I have only good news to share! Nifty 50 hit a fresh record high on Friday and logged its best week in five months! Well ahead of the Indian GDP hitting $4 trillion, the Indian equity market on Wednesday achieved the coveted milestone. The total market capitalization of all BSE-listed stocks surpassed the all-time high figure of over Rs 333 lakh crore.
Foreign institutional investors, who were on a selling spree in September and October, have now turned net buyers of Indian stocks. The net FII buying stands at Rs 2,901 crore, as per NSDL data.
Experts suggest that Indian markets are in a sweet spot, boosted by the return of foreign inflows, strong macroeconomic data, and an easing U.S. rate outlook, among other factors, and I want to believe that. Historically, the December month has largely favored Dalal Street bulls, so let's manifest a record-breaking end to 2023! 📈🎉
Resolutions in DECEMBER!!!???
Before you begin wondering, no, I’ve NOT lost my mind, hear me out!😉December is the month of planning and setting the stage for the year ahead. If you're into the whole "New Year, New Me" resolutions frenzy, there's no reason to not start in December. I mean, what's not to like!? You get one whole month as a headstart to ease into working on the goal in 2024!
Here's the ultimate game plan: The 5x25 strategy — a brilliant approach to turn your aspirations into tangible accomplishments.
List 25 little-big goals: Take a moment to jot down 25 goals for the upcoming year. These can range from personal development and health to career and finance.
Prioritize: Once you have your list, prioritize them. What matters most? What's achievable in the short term? Rearrange your goals in order of priority.
Laser-in your focus: Now, here's the magic. Instead of overwhelming yourself with all 25 goals, focus solely on the top 5. These are your immediate targets, and channeling your energy here ensures meaningful progress.
Trust me, this works! We often try to do too many things at once and this strategy will help you find order in the chaos of ambitions and to avoid spreading yourself too thin.
The passing of Berkshire Hathaway's Charlie Munger marks the end of an era, leaving Warren Buffett as the conglomerate's lone investing legend. Munger's keen insights, drawn from diverse fields, provided a holistic perspective. Beyond finance, his ethical stance and candid reflections on human behavior left an enduring mark. After all, he was the Robin to Buffett's Batman!
While Charlie Munger made numerous pertinent points, my favorite piece of his advice goes as follows:
"It's so simple. You spend less than you earn. Invest shrewdly. Avoid toxic people and toxic activities. Try to keep learning all your life. And do a lot of deferred gratification.
If you do all of those things, you are almost certain to succeed. And if you don't, you're going to need a lot of luck. And you don't want to need a lot of luck. You want to go into a game where you're very likely to win without having any unusual luck."
Do you like what you’re reading?
🔖 Best Read Of The Month
More like the best read of the year because this is the only book I’ve read in what feels like forever but A Man Called Over by Fredrick Backman has my heart! It’s a cozy, heartwarming book that reads like a dream!🥹 Fuzzy old people stories are my favorite kind and if you’re like me, you’ll fall in love with Ove. Go cheggit out, it’s worth a read!
🍸 Cocktail Pe Charcha
Is it too overwhelming to research & plan your investment? Say no more, we can personally guide you into mixing the perfect financial cocktail to manage your money!
A thoughtful, focused approach is the secret sauce to turning your goals into achievements. While resolutions may seem like a distant echo, now is the perfect moment to lay the groundwork for the changes you envision. Begin this journey with a whisper of intent that will crescendo into a powerful resolve come January.🤝
Here's to a proactive end to the year and the prelude to a year of transformation! 🌟🎉✨💸
