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Par.eth

Feb 1 • 4 tweets • 2 min read

According to AI, Rafael Nadal had a meagre 4% chance of winning the Australian Open after being down 2 sets and trailing 3rd set by 3-2, yet he did win.

Just because the “odds aren’t in your favour”, doesn’t mean it won’t work out.

Odds are the least understood.

Do what you believe in without worrying about the effective outcome. Take it one step at a time.

Miracles happen all the time.

#motivation

Every Wednesday I send out a newsletter, which includes one financial insight, and a motivational quote to help you push yourself.

Join 100+ investors here: lu.ma/advisoira

You can prepare your financial plan in less than ₹3000 here:
advisoira.com

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Par.eth

@partha0799

Feb 1

Here’s the entire summary of crypto taxation:

The finance minister announced that virtual digital assets including cryptocurrencies will be taxed at a rate of 30% from 1st April 2022.

Virtual digital assets are defined as,” Any information or code or number or token (not being Indian currency or foreign currency), generated through cryptographic means or otherwise, by whatever name called, providing a digital representation of value exchanged..

..with or without consideration, with the promise or representation of having inherent value, or functions as a store of value or a unit of account including its use in any financial transaction or investment, but not limited to investment scheme; & transferred, stored or traded”

Read 9 tweets

Par.eth

@partha0799

Jan 30

Inflation is at an all time.

Investing a part of your portfolio (5-10%) in Gold, has been an hedge for a longtime. However, does investment in gold make sense currently?

A thread 🧵

Please re-tweet to educate more people!

@capitalmind_in

Gold as an investment vehicle has preformed negatively when considering the real rate. (Rate of Return- Inflation) over a 10year timeframe.

Here is a visual on the same by @capitalmind_in :

Gold returns are highly cyclical in nature. There are a lot of short spurts in return and years of stagnation.

In fact, since 2011, it has given a mere return of 5.3% CAGR.

One of the reasons for this is the high bull run of gold until 2012.

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