A lot of people have been e-mailing and thanking me for the ideas shared on gold as well as a few basic companies shared in the recent past. I thank you from the bottom of my heart for the kind words, but at the end of the day it isn't rocket science. It is just simple common sense that over time everyone can apply. Each one of you can listen to your inner voice, and you too will be able to understand what is happening. I'm a simple person and I believe that our intuition and natural instinct is the most powerful. I invest, live and do business based on it and by the grace of God, it has always made me happy. Listen to yourself and you will only have yourself to thank or sometimes when you go wrong, compliment yourself that you gave yourself a new learning experience.
I don't use any complicated charts, software or analysis. Whatever is happening today in the market, comes as no surprise to anyone of us Happionaires. In fact, had it not come, it would be a surprise. Gold is going up, because of a very simple logic - it can't be printed. (In case in the future some Alchemist comes up with a way to convert all the stone on the planet into gold, the prices of gold will crash and it will be worthless.)
But where will this correction stop? I don't know - and it really doesn't matter, as long as you are invested in good companies. In fact the companies a lot of us now hold, have increased in price, ever since the market started crashing.
So now once again like 2008 - 2009 we have lots of voices coming out and sharing their views. We have one voice which is talking about how everything is alright and there is nothing to worry and another voice talking about how it is the end of the world and for India. I am someone who is an eternal opportunist. While, yes there are a lot of companies that are going to face challenges - as interest rates go up, companies with heavy debt will be in trouble. Infrastructure growth and funding might slow down, but in the midst of all this there will always be companies that will reward you for the longer term. We all saw how our investments made in 2008-2009 rewarded us.
But this time things are a bit different. In 2008-2009, to be honest the problems weren't really solved, they were just pushed ahead a bit. I think now the world will have to face the problems - and the good thing is when we face problems we can solve them. There might be some challenges, but it is all for good.
The present period, I sense will be even more rewarding than 2008-2009. I have been buying more of this company, as the present crisis will benefit it further - but besides this many companies will soon come at cheaper valuations.
However, at this moment I feel what the RBI is doing is not correct. They have not been able to control inflation, which is threatening more and more people of our country. Instead of raising interest rates further, (I sense interest rates will go up all the way to 12%) they can adopt a more creative approach. They can help industry, agriculture, infrastructure produce more - this brings in more supply. They can help increase the power of the Rupee, so our major imports become cheaper. They can try and reduce taxation - and in turn command our politicians and Government to become a bit more responsible with the way they spend money.
Silver at the moment would also be good - but more from a traders perspective, but Gold even though a lot of large investment banks has started talking it down (But weren't the same guys talking it down even when it was at Rs. 14,000 levels?) it still makes sense. Gold is a big threat to paper - that might not be of much value.
Quantum Dynamics has organized programs on 2nd September at the Mumbai Gymkhana, and at the Pune Gymkahana on 3rd September for all Happionaires. I'm glad they are so passionate about spreading the message of Happionaire investing, I hope each one of you shares details about our program with all your friends, family and loved ones. In case any of you isn't happy with the program, I would love to personally refund whatever you have paid Quantum Dynamics. To register contact Neha 09971346274 or Email- firstname.lastname@example.org . I'm going to see all of you there!
Keep your eyes and ears open. Things are going to get exciting once again.