citizenofIND Posted February 26 Report Posted February 26 2 hours ago, Android_Halwa said: Gold konko…atarvata eni cheyak..wait for hikes and dips.. Atarvata ammuko… no taxes..no capital gains..only cash.. Cheppanu kadha ne talent yevariki undhadhu. By the way excellent suggestion in present market. How do we get income if we spend 3 cr on gold? Just thinking why not stocks ani. Quote
dasari4kntr Posted February 26 Report Posted February 26 3 hours ago, GelakoduKri said: Business Ideas in India 3 to 5Cr budget. I know its low, but are there any? try…cold storage..business… if you set that business in andhra…you may get good business from fisheries and shrimp storage…and also some agro and food processing related… Quote
citizenofIND Posted February 26 Report Posted February 26 46 minutes ago, aratipandu said: now a days Gold shops are asking for Aadhar card ani vinna... Not now a days since Modi here in market . When did you buy gold last time? Quote
aratipandu Posted February 26 Report Posted February 26 1 minute ago, citizenofIND said: Not now a days since Modi here in market . When did you buy gold last time? never brought gold anna 🤣 Quote
citizenofIND Posted February 26 Report Posted February 26 Just now, aratipandu said: never brought gold anna 🤣 Okay then depend on gold shop. 50k asking ids. Standard more than 2 Lakhs then Aadhar/pan required. modiji tracking our every transaction but we don’t know what they are doing with our money 1 1 Quote
shaktimaan Posted February 26 Report Posted February 26 1 hour ago, DonnyStrumpet said: Car or any other >4 wheeler automobile dealership! It's a growing market in India. Only 7% of Indians own cars. There is a big growth curve. Also, profit quotient is high through sales, repair service and financing. this is an amazing idea, premium cars ki servicing is profitable if they know what they’re doing. It helps if the guy setting up is into cars and offer premium experience, takes some time to gain reputation but once you’re established it will print money. This is what I will do if I have to go back Quote
Android_Halwa Posted February 26 Report Posted February 26 15 minutes ago, citizenofIND said: Cheppanu kadha ne talent yevariki undhadhu. By the way excellent suggestion in present market. How do we get income if we spend 3 cr on gold? Just thinking why not stocks ani. Nuv gold mida 3 cr invest chesinav ante me nee degara enough cash vunattu. Evadu padithe vadu 3 cr invest cheyadu.. This works in Indian setting. Unaccounted wealth, black money, cash, etc vunte its not so easy as it used to be to divert it to capital markets and returns mida taxes, gain etc and everything gets accounted for. But if you buy gold, no one will ask you a question… And coming to gain, stock market peaks la vunapudu stocks ammukuni, divert to gold if possible physical gold…when the whole world goes down, Gold okkate paiki potuntadi…ivala almost 90k vundi per tola vundi… 2014-2021 varaku Apple lo invest chestune vunna…2021 la sold everything and bought gold and my gold vakue has almost doubled and no need tompay income taxes which indirectly adds up another 15% worth to the holdings…plus peace of mind. Im an old timer…cash, land and gold mida thappa deni mida kuda naku nammakam ledu babayya…they follow the standard laws of demand and supply and always hold good. Quote
CanadianMalodu Posted February 26 Report Posted February 26 4 hours ago, Android_Halwa said: Nuv gold mida 3 cr invest chesinav ante me nee degara enough cash vunattu. Evadu padithe vadu 3 cr invest cheyadu.. This works in Indian setting. Unaccounted wealth, black money, cash, etc vunte its not so easy as it used to be to divert it to capital markets and returns mida taxes, gain etc and everything gets accounted for. But if you buy gold, no one will ask you a question… And coming to gain, stock market peaks la vunapudu stocks ammukuni, divert to gold if possible physical gold…when the whole world goes down, Gold okkate paiki potuntadi…ivala almost 90k vundi per tola vundi… 2014-2021 varaku Apple lo invest chestune vunna…2021 la sold everything and bought gold and my gold vakue has almost doubled and no need tompay income taxes which indirectly adds up another 15% worth to the holdings…plus peace of mind. Im an old timer…cash, land and gold mida thappa deni mida kuda naku nammakam ledu babayya…they follow the standard laws of demand and supply and always hold good. Problem is buying gold is easy. Selling is difficult. Selling 3 crores gold is even more difficult. Raseedu lekunda gold ammutha ante andharu kondaru. This is why I buy 10g or 20g 24 carat biscuits. But i pay 3-4% tax on it plus some making charges. The only advantage I see is in the times of need you can use it as a collateral and get a bank loan easily for up to 85% of the then market value easily. Quote
nag Posted February 26 Report Posted February 26 3 hours ago, GelakoduKri said: Business Ideas in India 3 to 5Cr budget. I know its low, but are there any? Open a pub ...5 crore saripovu..but you try for a loan for the deficit capital amount Quote
Android_Halwa Posted February 26 Report Posted February 26 3 minutes ago, CanadianMalodu said: Problem is buying gold is easy. Selling is difficult. Selling 3 crores gold is even difficult. Raseedu lekunda gold ammutha ante andharu kondaru. This is why I buy 10g or 20g 24 carat biscuits. But i pay 3-4% tax on it plus some making charges. The only advantage I see is in the times of need you can use it as a collateral and get a bank loan easily for up to 85% of them market value easily. That’s actually the safest way but if you are regular bullion buyer, buying and selling becomes easier. It’s a huge dark network and retail buyers are not entertained at the level…uncut 24k 1 oz biscuits have good demand in local markets. Usually 400-500 Rs more.. Sovereign Gold Bonds is actually a perfect instrument. Indians don’t believe in these stuff but SGB’s are really good. As usual no capital gains at maturity, SGB can be used as collateral, and I think you get paid 2% interest annually and min lock in period at 5 years. I want to sell some physical and get into these SGB stuff but gold price is too dear to sell or buy…we can play around with SGB certificates as collateral as good as gold. Quote
aratipandu Posted February 26 Report Posted February 26 9 minutes ago, Android_Halwa said: Im an old timer…cash, land and gold mida thappa deni mida kuda naku nammakam ledu babayya…they follow the standard laws of demand and supply and always hold good. Land in India is risky yavvaram anna...danni kaapadukunta undaali...also if you are earning in USD and buying lands in India, the conversion rate is not in your favour... cash is always a depreciating asset... educate yourself on investing in Index funds...if you don't like them, then treasury bonds are completely safe. Quote
Android_Halwa Posted February 26 Report Posted February 26 1 minute ago, aratipandu said: Land in India is risky yavvaram anna...danni kaapadukunta undaali...also if you are earning in USD and buying lands in India, the conversion rate is not in your favour... cash is always a depreciating asset... educate yourself on investing in Index funds...if you don't like them, then treasury bonds are completely safe. My take : 1. Land: it is risky and personally facing the risks already. But look at the long term, land titles will be regularized and they will be more secure in the future than they are today. Max 5-6 years and once land is registered on your name then it is yours…more secure. 2. Cash is cash and cash grows, I calculate cash at 110% value against virtual wallets. Cash intlo vunte depreciating asset, ade panilo pedithe 25-30% returns. Crisis situation like these days….India la severe cash crunch nadustundi and you can even see 40% returns in mortgage if invested/funded properly. Quote
CanadianMalodu Posted February 26 Report Posted February 26 3 minutes ago, aratipandu said: Land in India is risky yavvaram anna...danni kaapadukunta undaali...also if you are earning in USD and buying lands in India, the conversion rate is not in your favour... cash is always a depreciating asset... educate yourself on investing in Index funds...if you don't like them, then treasury bonds are completely safe. Land holds up to rupee depreciation easily. That's why it's a hedge against inflation. Plus your capital gains are mostly in black. Quote
aratipandu Posted February 26 Report Posted February 26 2 minutes ago, Android_Halwa said: 2. Cash is cash and cash grows, I calculate cash at 110% value against virtual wallets ee point koncham elaborate cheyy anna....how exactly do you make 25-30% returns on cash? Quote
aratipandu Posted February 26 Report Posted February 26 3 minutes ago, CanadianMalodu said: Land holds up to rupee depreciation easily. That's why it's a hedge against inflation. Plus your capital gains are mostly in black. agreed..capital gains after land sale are always black in India..but kabzas are always risky... Quote
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