Navratri is four days old and you’re also four days older since the start of these threads 🧵
So, how should you be allocating your stocks, and why are we talking about your age? 🤔
Because of the 100 Minus Age Rule 😎
The 100 minus age rule is a general rule of thumb that says that 100 minus your age should be invested in equity and the rest into relatively safe assets 🔒
So, suppose you’re 25, according to the rule, 75% of your portfolio should be equity 🌱
This rule aims to reduce your risk appetite as you grow older 🧓
You can also segregate your equity into different categories that match your risk tolerance such as blue chip stocks, high-risk equity mutual funds, etc 🥧
Gautam Adani recently joined the ranks of the world’s centibillionaires, with only eight other business titans with fortunes of more than $100 bn!
He’s amassed a net worth of $143 Bn 📈
Let’s dig deeper into how he made that happen ⛏️
No, it’s not a four-step process; instead, it’s a journey!
He cracked the code to become a billionaire by disrupting multiple industries, including cement, power, energy, and infrastructure, all under one roof 🏢
Companies in these sectors can see a significant rise in their costs as they depend a lot on imports which are crucial for their business models leading to a decrease in profits 📉