Community Information
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RANT: In India salaried folks despite all the education and effort will not be able to beat average local businessmen as our market just doesn't perform compared to other black money instruments.
Context: I come from a baniya community from tier 3 city and all my relatives (apart from my family) do business without paying any tax and I am filled with a lot of jealousy. I have always done the right thing studied hard when everyone else near me just ignored education, got into iit and then worked hard in my job and invested my most of the income in stock market with maximum research possible. I had learnt to make peace with my life that despite having less assets, with my effort in stock market I will atleast be able to increase my assets more quicker. But our market just doesn't perform and all the avenues that we as a salaried people have it's much harder to earn money. I already pay around ~26% in taxes, have to live in high cost of living places like Bengaluru, have to spent significant income in flight tickets, have to pay for overpriced groceries. My relatives were able to increase their networth multiple times in few years in properties just by this simple analysis , " zameen ke bhaav to hamesha badte hai" , they not only not pay any capital gains on this land but also they do these deals with significant leverage, just buy 1 cr agriculture land with 10% payment(every year) and if able to find another buyer paying 1.5cr in 1 year, then congrats you just made 5x return in 1 year with 0 tax and with less risk. As well as giving loan to average villager is the best thing ever, imagine earning at 24% return(without any tax) when you already have gold in the form of collateral. Can average stock market investor ever beat that ? I am not saying stock market is a bad investment, at this point ofcourse it can give good returns.2
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