ABU DHABI:

The Kerala Pavilion at Annual Investment Meeting (AIM), was inaugurated by Secretary Department for Promotion of Industry and Internal Trade, Rajesh Kumar Singh, in the presence of Indian Ambassador to UAE Sunjay Sudhir, Lulu group chairman MA Yusuff Ali, and KS Srinivas, principal secretary-tourism, Government of Kerala on May 8.

 
The Annual Investment Meeting, organised by the AIM Foundation, kicked off on May 8, 2023, at the Abu Dhabi National Exhibition Centre, UAE. Under the theme of “The Investment Paradigm Shift: Future Investment Opportunities to Foster Sustainable Economic Growth, Diversity, and Prosperity,” the event is aimed at empowering the global economy by promoting effective investment strategies and facilitating opportunities for economic productivity and expansion.

 
The Kerala Pavilion showcased investment opportunities in Kerala as an investment destination, and the Kerala Startup Mission brought eight startups for B2B and seed funding activities. Sinrorobotics Pvt Ltd, Orditt, Cocoroots Organic Private Limited, Febno Technologies Private Limited, Wheelhouse Infosystems Pvt Ltd, GO EC Autotech Pvt Ltd, Ecodew Pure Water Solutions, and Primus Corporate Strategists LLP participated in the panel of Kerala Startup Mission in Abu Dhabi, seeking investment opportunities.

The Government of Kerala is a Gold Sponsor at the Annual Investment Meeting.Secretary DPIIT had earlier held bilateral meetings with the senior leadership of Mubadala and Abu Dhabi Investment Authority (ADIA), who showed confidence in continuous investment in India in traditional and digital infrastructure.

Guidance Tamil Nadu has been nominated for the Investment Promotion Award, at AIM 2023, the results of which will be announced later in the day. Guidance Tamil Nadu is the investment promotion agency of the Government of Tamil Nadu. It is constituted to reach out to prospective investors and make them invest in the state of Tamil Nadu.

 
AIM Global 2023 addressed new trends in the current global digital transformation experienced by developing and developed economies. It included sessions and workshops discussing vital topics such as Future Cities, the business sector’s ability to keep abreast of fast changes, and the importance of innovation in achieving growth against strong competitive backgrounds. Decision-makers, investors, experts, and academic figures from all over the world attended the Annual Investment Meeting, discussing the shift in the global investment landscape in a global environment characterised by geopolitical and economic challenges and its impact on the attraction of foreign direct investments.

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So the fact is obvious that anybody who has less money than Musk should not invest in Bitcoin. Musk has been very vocal about his passion for Bitcoin. His company Tesla recently invested $1.5 billion in cryptocurrency.

Gates during an interview with Bloomberg TV had said that Bitcoin is not for everyone and only the richest person in the world should consider investing in it.

“Elon has tons of money and he’s very sophisticated, so I don’t worry that his Bitcoin will sort of randomly go up or down.I do think people get bought into these manias who may not have as much money to spare. My general thought would be that if you have less money than Elon, you should probably watch out,” Gates said in the interview.

Bitcoin’s value doubled after Tesla purchased $1.5bn of the currency and accepted it as a mode of payment. Musk soon after his company made an investment called Bitcoin a less dumb form of liquidity than cash.

Tesla’s 10-K report confirmed with the United States Securities and Exchange Commission (SEC) that Tesla has invested $1.5 billion in the Bitcoin cryptocurrency.

“We invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt,” the company said in the report. However, Musk had warned users to not spend all their life savings on cryptocurrency in a separate video.

While Gates only wants rich people like Musk to invest in Bitcoin, the latter advised people to not invest their life savings in cryptocurrency. “People should not invest their life savings in cryptocurrency, to be clear — that’s unwise,” Musk said. “There’s a good chance that crypto is the future currency of Earth, and it’s like which one’s it going to be? Maybe it’ll be multiple. It should be considered speculation at this point. So don’t go too far with the crypto speculation front,” Musk

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Some adjectives lose their sheen over a span of time. In the days of democracy, the adjective ‘king’ is still being used by the people as a tradition. Their monarchy is only in name. What is lost when social change comes is the meaning of the title of king. Words about economic prosperity have suffered a similar meaninglessness.

In the past, a person having Rs.1 lakh was called Lakpathi. Today, people in the Information Technology sector and government employees with five or 10 years of experience or officer rank receive a monthly salary of over Rs.1 lakh. Even then, no one calls him a millionaire. Even some is called that, it’s considered as a joke. If the one who had lakhs of rupees was a nobleman, the one who had crores of rupees was a millionaire. Even though Rs.1 crore still a huge amount, no one calls a person who has that much money a millionaire.

In the past, those holding Rs.1 crore were rare. People in those days saw such achievements as possible only for those with special blessings from God. Therefore, a person having a crore rupees was considered a millionaire. But today, with just Rs.1 crore, we may not even be able to achieve all our life goals.

For someone who is continuing with the goal of earning Rs 1 crore after 30 years of investment, it may seem that he is planning to earn a large sum of money, but that amount may not even be enough to meet his daily needs in future.

For example, suppose the current cost of living for a 30-year-old is Rs.3 lakh a year. He is investing in an equity mutual fund with the goal of retirement at the age of 60 after 30 years. Under the Systematic Investment Plan (SIP), he invests Rs.3,000 a month. The investment is targeted at Rs.1.05 crore after 30 years with an average return of 12% a year.

But will Rs.1 crore be enough for him to retire 30 years later and continue his retirement life smoothly? Assuming an average inflation rate of 60 per cent, he would need Rs.17.23 lakh a year for daily needs after 30 years.

At that time, if the interest he would receive from a bank for fixed deposit is six per cent and if he had deposited Rs.1 crore in the bank, he would get only Rs.6 lakh a year. If the tax is deducted, the return will decrease again. That is, he would get less than one-third of the amount he needs to live on by depositing Rs.1 crore in the bank. If you invest in a debt fund instead of investing in a bank, you can expect a slightly higher return, but you will not get the above amount.

If he wants to get Rs.17.23 lakh per annum with 60% return from the investment after 30 years, he has to have Rs.2.9 crore in his hand. If he continues with the existing SIP, he will have to get a return of 16.5 per cent per annum to get this amount. This is not easy to achieve. If the expected return is as high as 12 per cent, the monthly investment should be increased to Rs.8,500.

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Those who invest in Mutual Funds through a Systematic Investment Plan (SIP) should be aware of some basic facts. As the stock market moves higher, retail investors are more likely to invest. But no matter whether it is the stock market, or whatever asset may be, good performance should not be the only reason to invest. Instead, invest in a long-term goal. Investors should always be prepared for the possibility of ups and downs as volatility is a fundamental characteristic of asset sectors such as the stock market.

Those who make SIP investments in the long run should not stop investing from time to time. Even experts may not be able to pinpoint the exact way in which investments are withdrawn and reinvested based on assumptions about where the market is headed.

SIP investors should take care to adjust the investment period with certain objectives in mind. SIP regulates and mitigates the risk of market fluctuations. This risk increases as the SIP investment period draws to a close. Therefore, two methods can be adopted to reduce this risk.

One way is to shorten the duration of the SIP rather than the time to reach the goal. If you want to achieve your goal after 10 years, the SIP investment period should be eight or nine years. If the investment value has reached the amount you intend within this period, it can be withdrawn in whole or in part. If the stock market shows signs of turning negative in the last few years, the investment can be completely withdrawn.

Another method is to withdraw the investment gradually, just like investing under SIP. During the last years of the investment period, a fixed amount can be transferred every month from the equity fund to the debt fund as per the systematic withdrawal plan. The investment can be completely withdrawn from the debt fund when required.

Market fluctuations should not be underestimated. Fluctuation is a fundamental characteristic of the market. Long-term investors do not have to constantly monitor it. We use SIP as a safe way to overcome the volatility and make long-term gains. Investment decision making based on market fluctuations can adversely affect investment objectives.

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