Stock Market

Slowdown a fantastic opportunity to look at stocks: Raamdeo Agrawal

   Download Android App    Share in      FullScreen   CheckVideos

Market veteran Raamdeo Agrawal on Tuesday said that even as outperforming stocks look expensive at prevailing levels, building a portfolio of such stocks is the way to go for the next 5-15 years. Giving an example of Indian economy, he noted that it took 60 years for the economy to reach $1 trillion mark in 2008, but it will take hardly be 2026, if not 2025, for the country to hit $5 trillion mark. “The difference between 10 and 30 years is not three times, but 87 times,” he said, adding a $5 trillion economy would just be a milestone and not a destination. He pointed out that Warren Buffett’s net worth has jumped 85,000 times in 58 years, it was at a compounded annual growth rate of 22 per cent.

For Raamdeo, the wealth has increased 1,660 times in 30 years at an annual rate of 28 CAGR, he said. The ongoing slowdown is a fantastic opportunity to look at stocks, Raamdeo added. “Our Rs 10 crore became Rs 100 crore in tech boom.

It became Rs 30 crore in the subsequent meltdown, following what we saw the mother of all Bull Runs.

If your portfolio is not correcting by 50 per cent, you are not in the market,” he said.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


21