My Portfolio
My strategy is simple, decrease direct exposure to Indian rupee
Why ?
Government is far too inefficient to be trusted with a currency
- All it's social & development schemes are bad from cost to outcome pov and given the corruption in India results in more black money which further inflates our asset prices, prime example being the real estate market - here I am not targeting any single party, I am targeting all parties and our government servants/babus
No exposure to an asset which depreceates on the whims of an inefficient government
Giving the power to the governement to print more money without any voting and hence diluting all it's citizens store of value seems fundamentally wrong to me. In case of India majority of the citizens don't even know this is happening to them. Unsure how or why such thing is even possible. Every printing should be heavily publicised and the citizens should be apologised too for doing this to them with proper explanation.
Where do I put my money ?
- Real Estate ( Not inflated real estate like a 1-4cr+ flat )
- Stock Markets ( In context of India big companies who have setting with the corrupt babus so they can keep growing )
- BTC & ETH ( I do 50:50, BTC is popular and accepted as payment, I have worked on smart contracts and believe in the tech of ETH )
- Gold ( Oldest store of value across centuries )
Note: I was too lazy for too long which costed me a lot of money in terms of inflation ( I was building my business and was exposed to rupee 99% via an FD of 6-7% ), because of this single bad financial decision my money lost it's value by ~50% in a span of 4-5 years
© Abhishek Kumar Singh.RSS