However, none of these public observations
that you shared in the previous post, were new to me.
So, i thought to myself, why do i have a such a positive outlook about the situation we find ourselves in??
Here’s what i came up with -
Early on in my life, i read about Circles of Influence/concern.
- That ingrained the habit of not blaming factors outside of my circle of control/influence.
- Apparently this has enabled me to find opportunities, where others see none.
yes i get that, you focus on what you can control. But that does not mean its not visible.
The only thing that actually affects me right now is air quality, eventually i will have to move to a cleaner city ( thankfully i dont live in delhi). For now, i can only fix the air within my room/house.
yeah, did not know that surcharges apply to entire income.
Na, i am compounding every year and most of my post tax income goes stays with trading capital. I don’t spend that much.
Already have multiple systems in stocks/index future and will keep adding more scalable ( and probably lower return) systems with time.
My main stock system is scaling beyond my expectation, probably because of influx of retail into stocks. Eventually will add investing systems on weekly, so that should scale quite a bit i think and will have lower taxes.
Taxes do make it slower, so it takes more time to reach targets. I will probably reach my initial capital target within a couple of years. And that’s much more than i need, atleast in India.
The reason to look at markets outside India is because of how many there are. Could be fun / a challenge / and also great for diversification with smoother equity curve, plus reduces heavy regulation risk we have in India. Maybe one day Indian currency will open up, but does not seem likely. Perhaps if we manage to substitute oil imports.
This might be cyclical too, atleast as per Dalio. And we might be entering tougher phases. But these are long term trends, maybe they will skip past our lifetime and some more…
@SpacemanSpiff India is still a poor country. Its economy looks big because of huge population. Look at the per capita income for a more realistic picture. So, don’t compare it with the likes of USA or China. Instead compare it with the poorer countries of Africa or Central America.
If you want to move out, please do it ASAP. Immigration norms are tightening day by day across all developed nations. You never know what’s coming in next 5 to 10 years when you actually decide to immigrate.
agreed. So will i.