Net Worth Update – August 2018 ( ₹ 7,760,495.05)

net worth

“Success comes to those who dedicate everything to their passion in life. To be successful, it is also very important to be humble and never let fame or money travel to your head”

A. R. Rahman

Welcome homies, for August net worth update.

Month ends with another bull run in Indian equity and my net worth. Information technology, auto, pharma and lately steel sector taking Indian stock markets to an all time high (A.T.H). Bank nifty was very volatile, no comments there. As 2019 election gains heat,  we are witnessing game called “mudslinging”. The whole opposition is hell-bent on proving Modi wrong. With strong dollar, decreasing export, increase in fuel and food cost, Modi has a tough job in hand.

Bull or Bear?

At this point in the stock market I am confused as a retail investor, whether to book profit or not? I don’t see any kind of weakness or economic slowdown and supporting my claim is the Q1 GDP growth rate numbers. Numbers exceeded expectations, now this can pull this market even higher. maybe!

but I am,

very concerned about Information Technology sector. It will be uphill task to generate revenues like before. Thinking of booking some profits with my IT investments. Coming to some of my recent investments, Granules has already given 45% return from the point where I bought it 2 months back. Sector that looks very healthy is consumption and infrastructure space.

Below

is the snapshot for August, 40K INR deposited in debt fund. Equity, no new investment. Existing ones are reaping good returns every day. Happy with overall return on investment and financial health. Indian currency looked weak again this month, making new lows. Benefits those who have invested in $. North of 7 Lac INR growth in the net worth came as a surprise this month.

NetWorth-August2018

That’s it for this month people, how did your net worth fare? Please do share your stories here.

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