July 07, 2024   |   Read Online

Popular strip club stock points to a recession and an impending stock market crash

• Markets continued to roar higher including the Nasdaq hitting 18k levels (Read below our report card on our hits and misses – tonnes of hits and some misses )

• Nifty seems to be headed higher and could touch sometime during this year our optimistic target of 26k

• Major worries continue to be domestic political uncertainty and/or global geopolitical worries

• Continue with your SIP’s and please increase your investment horizon to at least > 5 years worst case at these levels (If such is the case then one should continue to invest in equities as per their asset allocation)

• We generally do not recommend NFO’s but ICICI’s new NFO about the energy space is worth considering for long term investors as we are quite bullish on energy. All new themes like AI etc need humongous amounts of energy to sustain and the stock prices look attractive as well. However this is only for long term investors and not more than 2.5% of one’s portfolio. (Naren is one of the best investment gurus to spot undervaluation spots)

• For individuals in low tax brackets we recommend exiting 25% of your Nasdaq holdings (If you have been following our newsletter, a user of GoalTeller prior to August 2023, there is a very high likelihood we would have suggested this) Book a call with GoalTeller if you have any questions and if you wish to understand the strategy for a high tax slab individual

Hi Team GoalTeller, we have followed your suggestions and am quite impressed by the accuracy and the nuanced approach of recommendations, however your communication post elections highlighted some apprehensions post the verdict and how we play equities and investments now.

Our Answer:

Hello User, yes you are right that we did communicate on the 04th of June about our apprehension with the election outcome and make no mistake, that worry continues and sooner or later those concerns will come to the fore.

Having said this, our communication was clear – “ Equities will do very well due to structural tailwinds like a) Digitisation, b) Massive Liquidity and c) Demographics and the only thing that WOULD change vs NDA 2.0 is this term in terms of stock markets could come with more UNCERTAINTY and VOLATILITY

We have been very bullish on equities since May 2022 unlike most fund managers and analysts (and had a detailed post on why despite inflation, Ukraine war, semiconductor crises that markets should be invested into.) Similarly with Nasdaq we had predicted that big tech will benefit from the bearish sentiment during 2022 and that’s what has happened. The only place where we have not been yet proven right is our being careful on small caps since the past few months. (Though we follow our asset allocation approach so individual continue to participate in the upside)

We were also the only people to call out Nifty at 20,000 way back in October 2022 and now Nifty 30,000 is our next target before 2025 December

We will come back with a detailed post on our report card over the past 2.5 years odd since our newsletter is live and trust us you all will be might impressed by how we have performed

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