Old is Gold: Nikhil Kamath’s Idea for Smart Investing

New nine days old hundred days This mantra is reiterated by Nikhil Kamath of Zerodha. He said gold is a good idea for ‘smart money to follow’.

in his linkedin post, zerodhaco-founder of Nikhil Kamath Said that investing in gold is a smart way if investing in gold as a metal has a better track record against inflation.

“Old is Gold; Always a good idea to follow smart money. Gold’s track record as a hedge against inflation is better than none,” Kamath said in his post.

He said he maintains a fixed 10 percent allocation in gold through all market cycles.

“I fix a 10 per cent allocation to gold across all market cycles,” he said.

gold prices extended new year gains by reaching near all-time highs. Gold futures on MCX rose 0.7 per cent 55,975 per 10 grams. Gold reached the highest level in August 2020 56,200 amid the Covid crisis.

Gold has been broadly in an uptrend since October 2022 due to recessionary fears.

ICICI DirectT expects gold and silver markets to be the biggest gainers. Gold is likely to regain its safe haven asset title from the dollar in 2023. Brokerages expect gold to take a hit 62,000.

Amidst the buzz around the IPO market, startups are focusing on maximizing their valuations. However, they should focus on slow compounding over the long term, not maximizing valuations in the short term, said Nitin Kamath, CEO and founder of Zerodha. He said that consumer-facing startups across the world that have launched public offerings have failed to turn on their shareholders.

“Startups spend a lot of effort and money on marketing. But I think over the past few years B2C startups globally have neglected one of their biggest assets – the ability to connect millions of retail shareholders with social media influencers An opportunity to turn into an ambassador,” the stock market firm’s CEO said in his LinkedIn post.

Zerodha handles over one crore customers in the retail business market, claims its official website. Zerodha also runs several popular online education and community initiatives in retail trading and investing. Zerodha’s Rainmatter has invested in a range of fintech startups for capital market growth in India.