CAGR Insights is a weekly newsletter full of insights from around the world of web.
| Index | 07-Jun-24 | 31-May-24 | Change |
| Nifty 50 | 23,290 | 22,531 | 3.37% |
| Nifty 500 | 21,764 | 21,103 | 3.13% |
| Nifty Midcap 50 | 14,952 | 14,443 | 3.52% |
| Nifty Smallcap 100 | 17,216 | 16,697 | 3.11% |
Chart Ki Baat
Source: uptrends
Here’s the list of curated readings for you this week:
Personal Finance
- Arthur B. Farquhar- Lessons in Leadership and Lifelong Learning: Arthur B. Farquhar sought advice from top businessmen in 1858 and later built a successful farm equipment company. Inspired by Andrew Carnegie, he learned the importance of lifelong learning and strong leadership, emphasizing business resilience and evolution. Read here
- Optimism, Overconfidence, and the Pitfalls of Decision Making- Insights from Daniel Kahneman: Daniel Kahneman, a Nobel laureate and psychology professor, warns against excessive optimism, which can lead to failure due to risk-taking, and advocates for the use of algorithms and systematic evaluation to improve decision-making in the stock market. Read here
- Financial Wisdom- The Importance of Budgeting and Planning: The author advises their son on personal finance, emphasizing the importance of budgeting and planning for future expenses. They also discuss how pain and unrequited love inspired composer Hector Berlioz’s Symphony Fantastique. Read here
Investing
- Navigating ETF Trading Amidst Market Volatility: The Lok Sabha election results on June 4, 2024, triggered high volatility in the Indian stock market, impacting ETF trading significantly. Kshitiz Jain, Co-Founder- CAGRfunds, advises long-term investors to compare market prices with iNAV before trading ETFs, while traders can exploit price discrepancies for arbitrage opportunities. Read here
- Pause Expected in Indian Bond Rally After Global Index Inclusion: Indian government bonds have risen due to JPMorgan Chase & Co.’s inclusion in the global debt index, with foreign investors valuing them due to faster economic growth and geopolitical concerns. Read here
- Nvidia Stock Surges Ahead of Upcoming 10:1 Split: Nvidia’s stock rose 10.7% to $1,051 due to strong earnings but will drop to $105 per share after a 10:1 stock split. Stock splits make shares more accessible and signal company success. Reverse splits, like Canoo’s 1:23 split, usually indicate poor performance. Read here
- Diamond Industry’s Struggle- Navigating the Rise of Lab-Grown Diamonds: The diamond industry faces a downturn as prices drop and consumers opt for lab-grown diamonds, which are cheaper and more sustainable. De Beers plans to refocus on mined diamonds, aiming to differentiate them from synthetic ones by emphasizing their exclusivity and value. Read here
Economy
- RBI Plans Expansion of UPI to 20 Countries by FY29: The Reserve Bank of India and NPCI International Payments aim to expand the Unified Payments Interface to 20 countries by FY29, collaborating with the European Union and SAARC. Read here
- India Bonds Poised for Growth: Key Factors and Future Outlook: India’s bond market is predicted to expand due to macro-economic stability, economic scale, bond index inclusion, US economic shifts, current account deficit improvement, fiscal deficit management, and strong forex reserves. Read here
- Banks Struggle as Investors Seek Higher Returns: Indians are shifting from low-yield bank deposits to higher-return investments, affecting banks’ ability to attract deposits. Despite raising interest rates and improving digital infrastructure, banks struggle to compete with stock market returns, raising concerns about sustainable lending and profitability. Read here
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That’s it from our side. Have a great weekend ahead!
If you have any feedback that you would like to share, simply reply to this email.The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information outlined in this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated in this newsletter.