“I love to compete. To me, business is ultimate sport. It’s always on. There is always someone trying to beat me” – Mark Cuban
We continue with another net worth update, even on Fool’s day.
Increased net worth by 60k INR compared to that of previous month. Thanks to the companies that I have invested in. There is a saying that if you do not book profit from the stocks it means you have not done any money, I beg to differ here. The stock market is a place where in you help the companies to increase sales, profit or decrease debt by buying part of company in the form of shares. Hence when you invest in a company you know if it is a company with solid background or not, also you need to invest in a company that is undervalued in comparison to its peers. For example Mahindra and Mahindra, this company is way under valued. So I invested in this company and now I am part of its growth. I am so confident that investing in this company I will not lose my money. As I speak in two weeks times I got 12% returns 🙂
From the salary, a healthy amount of 25k INR invested in debt fund every month. Transferred some cash along with remaining salary amount from emergency fund to equity. I don’t care if the market crashes. Am going to stay in here for long.
Expenses as said before, I am managing them from the money I received in cash on my wedding. So these expenses charted above are not hurting my net worth so far. Come next month I might be travelling to Chicago, IL. Hopefully a new chapter in my life begins in the states. Cheers to one and all. Cheers to money!!
How’s your net worth holding up my friends?