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CA Kanan Bahl

@BahlKanan

Jun 15

My Dad invested ₹2 Lakhs in Eicher Motors in 2003-04📈

Had he held those shares, it would've been worth ₹6 Crores (300x)🤯

Since we are talking about timing even 'Mutual Fund' investments😅

Here's what you lose by trying to time the market🧵👇

[1] Practical Problems With Timing The Market

🔸Dad spotted multi-baggers like Eicher, Tasty Bite, Deepak Nitrite

🔸But he tried playing between support/resistance

🔸He sold Eicher at 20% profit when it hit resistance but the stock shot up after that. He never bought it again.

Similarly, you can time sometimes but fail to buy again when:

🔸You get stuck in an office meeting

🔸A family emergency arises

🔸Your recency bias kicks in where you sold a 'X' but share prices shoots to 'X+10'

Read 11 tweets

CA Kanan Bahl

@BahlKanan

May 31

A team of 125 people were recently caught in Haryana scamming people worth ₹100 Crores+🤯

These criminals defrauded over 28,000 people from 35 states & UTs across the country📉🔻

I read a lot about how they scam so that you don't fall prey! A thread🧵👇

[1] How did they defraud people?

🔸UPI Scams
🔸Fake Listings on OLX
🔸Work from home opportunities - ₹30,000 per month
🔸Sextortion - Post video calls

Let us understand how they scammed people using UPI and OLX

[2] OLX Scam

Fraudsters used to lure people with attractive sale offers of:

👉Bikes
👉Cars
👉Mobile Phones

by posting ads on Facebook or OLX

Contd..👇

Read 10 tweets

CA Kanan Bahl

@BahlKanan

May 29

Jadeja was once called, “A player of bits and pieces.”

Never write off yourself!

Life goes from 0 to 100 very quickly! Keep working hard!

#IPL2023Finals #Jadeja #CSK

Dhoni started his international career in 2004 with 0(1) against Bangladesh

If Dhoni ends his career now, he’ll end the same way he started, 0(1)

Oh, but what a beautiful career between these two innings :)

#Dhoni #MSDhoni #CSK

Rayudu felt very humiliated when he declared retirement from International cricket after not getting selected in 2019 WC squad.

But oh, how he controlled and changed the course of this innings :)

#Rayudu #CSK

Read 6 tweets

CA Kanan Bahl

@BahlKanan

May 26

Virat Kohli made ₹240 Cr in 2021 from endorsements alone🤯

This is the amount at which an entire IPL team's rights were bought in 2008😲

BCCI is going to make ₹50,000 Cr+ just from IPL during 2023-2027📈

What makes IPL one of world's biggest sporting league? 🤔A thread🧵👇

Main players in the IPL Business Model Ecosystem

🔸BCCI: The organisers of IPL;
🔸Team Owners: Companies or rich people like SRK;
🔸Broadcasters: Viacom18, Star Network;
🔸Sponsors like Title sponsors etc.

Revenue streams for these players👇

[1] Broadcasting Rights

🔸Sold for ₹48,390.5 Cr for 5 seasons from 2023-27🤯

🔸Jump of 3x from 2018-22 rights amt & 11.8x from first 5 yrs📈

🔸Star sports has TV rights & Viacom 18 (Jio Cinema) has app rights

🔸Amt is divided b/w BCCI (50%) & all 10 IPL teams equally (50%)

Read 17 tweets

CA Kanan Bahl

@BahlKanan

May 10

Medical Insurance in India is rising at 14% p.a.📈

In 2020, when my grandfather got admitted to the hospital after Covid, the bill was a whopping ₹20,00,000

In 2025, this will cost ₹40,00,000🤯

Here's more on why you should buy insurance today🧵👇

[1] Lower Premiums For Life

👉Age is not just a number🔞

👉Insurance purchased in the early 20s are much more affordable than for people in 30s and 40s

👉This is because in the 20s you would be in the pink of your health and most probably you won't make claims

[2] Reduced Chances of Rejection

🔸Applications of people:

👉Aged 60+
👉Diagnosed with illnesses like heart problems

🔸Have higher chances of rejection than people at a young age who suffer from fewer health issues

🔸Premiums are also expensive for people with comorbidities🔻

Read 8 tweets

CA Kanan Bahl

@BahlKanan

May 9

After 8 years of hardwork, I finally treated myself with an iPhone

6 ways on how you can buy it to within ₹50,000 (without exchange)🧵👇

[1] Wait for the right sale

Big Billion Day Sale is there but many times, e-comm players come with special offers on specific phones.

Flipkart was running a sale on iPhone 13. It was priced at ₹57,999. On other platforms (Croma), it is priced at ₹62,999.

Saved: ₹5,000

[2] Use the right credit cards

Someone from your good friends will always have the relevant credit card which has maximum cashback available.

Used Flipkart Axis Bank Card for availing 5% discount on ₹57,999.

Saved: ₹2,900

Read 15 tweets

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