Business
Investing Rs 10,000 Monthly Can Grow To Rs 92 Lakh In 20 Years, CA Shares Wealth Strategy
New Delhi: Chartered Accountant Abhishek Walia believes investments increase in value over time. Walia asserts that the only way to create wealth quickly is “staying long enough to let compounding do its job.”
Walia, the founder of Zactor, pointed out on LinkedIn that most people think luxury cars and fancy holidays drain their money. He said that our short-term mindset and not fancy spendings actually drain our money. “You think expensive cars and holidays drain your money? No. Your short-term mindset does,” he wrote on LinkedIn.
According to Walia, the majority of people lose money because they expect instant results, panic sell and delay SIPs. “We want quick returns. We panic-sell when markets dip. We delay SIPs because “this month is tight.” And then we wonder why wealth never compounds,” he wrote.
Through an example, Walia shared how a simple delay in investment can make a massive difference. “Let’s put numbers on it. If you invest Rs 10,000/month for 20 years at 12%, you will have Rs 92 lakh. But if you start 5 years late, you will end up with Rs 47.5 lakh. That delay those few “I will start next months” just cost you Rs 45 lakh,” he wrote.
According to Walia, not making decisions is the “most expensive thing you will ever do.”
Walia said that true success in investing comes from patience. If you invest for a long enough period of time, compound interest will gradually increase your wealth, he said. “Patience is the new alpha. Because the only shortcut in wealth creation is staying long enough to let compounding do its job,” Walia wrote.
Last Updated:
Indian equity benchmark indices, Sensex and Nifty, are expected to open higher on Tuesday, tracking strong global cues.
Indian equity markets
Benchmark equity indices staged a strong rebound on Tuesday, closing higher on the back of solid gains in IT and auto stocks.
The BSE Sensex recovered 747 points from the day’s low of 83,124.03 to settle at 83,871.32, up 335.97 points or 0.40 per cent. Similarly, the Nifty50 climbed 120.6 points, or 0.47 per cent, to end at 25,694.95 after bouncing back 245.7 points from its intraday low of 25,449.25.
On the BSE, Bharat Electronics (BEL), Adani Ports and Mahindra & Mahindra (M&M) emerged as the top gainers, while Bajaj Finance, Bajaj Finserv and Tata Motors PV were among the biggest drags.
Across the NSE, IndiGo, BEL and M&M led the gainers’ pack, whereas Bajaj Finance, Bajaj Finserv and ONGC were the top losers.
Broader markets ended mixed — the Nifty Midcap 100 gained 0.50 per cent, while the Smallcap index slipped 0.21 per cent.
Sectorally, Nifty IT and Auto were the best performers, advancing 1.20 per cent and 1.07 per cent, respectively. On the other hand, Nifty PSU Bank was the only notable laggard, slipping 0.39 per cent.
Among sectoral indices, Nifty Financial Services fell 0.7%, and Nifty PSU Bank declined 0.5%, dragging the overall market sentiment.
Global Cues
Global sentiment improved after US President Donald Trump said his administration is working on “a very different deal” with India compared with past negotiations. “They don’t love me, but they will love us again. We are getting a fair deal — just a fair deal,” Trump said on Monday.
Across Asia, markets advanced following Wall Street’s strong overnight rally. Japan’s Nikkei 225 gained 0.56%, South Korea’s KOSPI rose 2.24%, and Hong Kong’s Hang Seng was up 0.4%.
In the U.S., equities surged on Monday, led by AI-heavyweights Nvidia and Palantir, as optimism grew over progress toward ending the record U.S. government shutdown. The S&P 500 climbed 1.54%, the Nasdaq Composite jumped 2.27%, and the Dow Jones Industrial Average added 0.81%.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
November 11, 2025, 09:13 IST
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The UK’s jobless rate has hit its highest level outside the pandemic era for nearly a decade as experts said the further evidence of a weakened labour market made a year-end interest rate cut more likely.
Official figures showed the rate of unemployment surged to 5% in the three months to September, up from 4.8% in the three months to August.
The Office for National Statistics (ONS) said that, with the skewed levels seen during the Covid-19 years stripped out, this was the highest seen since August 2016.
The ONS said average regular wage growth also pulled back again, to 4.6% in the three months to September, down from 4.7% in the previous three months.
Experts said the weaker-than-expected figures reinforced the case for the Bank of England to cut interest rates next month.
Martin Beck, chief economist at WPI Strategy, said: “With pay growth slowing further, the data strengthen the case for the Bank of England to cut interest rates next month.”
He warned that the “prospect of new tax rises in the upcoming Budget poses further risks to employment, particularly if the Chancellor again looks to raise taxes on businesses”.
Mr Beck added: “But this time, Rachel Reeves is more likely to target earners rather than employers.”
The pound slipped back, down 0.4% to 1.313 US dollars and 0.4% lower at 1.135 euros, as financial markets increasingly bet on a year-end rate cut.
The ONS said earnings are still outstripping inflation, although by a smaller margin, with real wages 0.8% higher after taking Consumer Prices Index (CPI) inflation into account, down from 0.9% in the previous three months.
In further evidence of a tough jobs market, the ONS estimated the number of workers on UK payrolls fell by 32,000 during October to 30.3 million, following an upwardly revised 32,000 drop the previous month, although the numbers are subject to further revisions.
This was the largest two-month drop since late 2020, economists said.
ONS director of economic statistics Liz McKeown said: “Taken together these figures point to a weakening labour market.
“The number of people on payroll is falling, with revised tax data now showing falls in most of the last 12 months.”
There was one bright spot in the data, with vacancies rising for the first time in more than three years – estimated to be up by 2,000, or 0.2%, to 723,000 in the three months to October.
Mr Beck said the sharp drop in payrolls data pointed to caution among businesses ahead of the November 26 Budget.
“Signs of renewed weakness in the UK labour market suggest the real economy is starting to feel the chill of Budget tax uncertainty,” he said.
Investec Economics said the jobs data and easing in wage growth – both of which are being watched carefully by the Bank of England – made a December cut in rates from 4% to 3.75% more likely.
“What will be key however to the December debate, and the path for rates looking further forward, are the two CPI reports, and of course the details of the Budget, which we will receive before the December 18 rate announcement,” said Investec economist Ellie Henderson.
James White, at EY Item Club, said the figures, and slowing in private sector pay growth to 4.2% in the three months to September, removes “one potential roadblock to a pre-Christmas rate cut”, and also boosts the chances of “further rate cuts in 2026”.
Business
Gold price prediction: Why are gold prices rallying again and what’s the outlook? Top levels investors should watch out for – The Times of India
Gold price prediction: Gold prices are rallying again on the hopes of US Federal Reserve rate cut expectations, and China’s gold buying. However, Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan recommends buying the dip, rather than chasing the rally. The analyst shares his views on gold price outlook and what levels investors should watch out for:Gold Performance:
- Although expectations of the ongoing US shutdown ending soon boosted risk appetite, spot gold extended its Friday’s rally to surge sharply higher on Monday on the Fed rate cut expectations, wobbly US Dollar and China’s Central Bank adding gold reserves for 12th month in a row in October.
- Gold gained on inflation concerns also as President Donald Trump once again floated the idea of sending Americans rebate checks of at least $2000 a person (excluding high income people) for the tariffs that his administration has collected.
- At the time of writing this article, spot gold was trading with a huge daily gain of 2.34% at $4,096, while
MCX Gold December contract at Rs 123,707 was up 2.07%. - In the week ending November 7, spot gold prices posted a weekly loss of $1 to close at $4001, which amounts to a third straight weekly loss per se.
US Shutdown likely to end:
- On November 9, the US Senate advanced a plan to end the longest-ever US government shutdown that entered the week. A faction of moderate democrats defied their party leaders and voted to support a deal to end the ongoing shutdown.
- As flight disruptions have worsened due heavy snow, the ongoing shutdown may intensify the stress on the US air-traffic system ahead of the busy Thanksgiving travel period as controllers may have to continue to work without pay checks.
Fedspeak:
- Federal Reserve Bank of St Louis President Musalem expects the US economy to bounce back strongly early next year due to rate cuts, fiscal support, deregulation and the government shutdown ending. He urged the Fed officials to be cautious on additional rate cuts as he thinks that the current Fed policy is close to the level where it would not put any downward pressure on inflation.
- On the contrary, Federal Reserve Bank of San Francisco President Mary Daly warned against keeping interest rates too high for too long due to softening labour market and moderating wage growth.
US Dollar Index and yields:
- At the time of writing this article, the US Dollar Index at 99.72 was up around 0.15% for the day. Day’s low has been 99.45.
- Ten-year US yields at 4.11% were up by around 1.50 bps, while 2-year yields at 3.59% were up by around 3 bps.
US Data roundup:
- US employment report has not been published in November, which makes it the second month without a national employment report.
- Bloomberg estimates that depending on the US government reopening date, September employment report may be published on November 19/November 26. Even then the report may not offer true picture due to uncertainty over Federal government employment figures. Other reports will also be delayed.
- October CPI report may not be released though.
- Data released in the week ending November 7 were largely mixed as US ISM manufacturing trailed the forecast and contracted for the seventh straight month in October, while ISM services at 52.40 beat the forecast of 50.80 to rise at the fastest pace since February.
- University of Michigan Consumer sentiment fell from 53.60 in October to 50.30 in November, near record-low and even lower than 2008 global financial crisis and Covid levels.
- It is to be noted that ADP data released last week showed that US companies added 42K jobs in October, which signalled a moderate stabilization in the US job market. Challenger job cuts report showed almost 950,000 US job cuts this year through September, the highest year-to-date total since 2020.
Gold ETFs and COMEX inventory:
- Total known global gold ETF holdings rose for two straight days through November 7 to 97.24 MOz, though were down for the third consecutive weeks. Nonetheless, holdings are up 17.36% this year and are hovering around 3-year high level.
- China’s domestic gold ETF holdings rose by 79.015 tons in January to September period, which is a steep rise compared to the 29.927 tons-gain during the same period last year.
- COMEX gold eligible inventory at 17.94Moz is around the lowest level since April.
China’s Central Bank buys gold for the 12th month in a row:
- China’s official gold reserves stood at 74.09 MOz at the end of October, up from 74.06 MOz a month earlier, which means that PBoC bought nearly one ton of gold in October.
- Uzbekistan’s gold reserves reached $47.85 billion October, a record high for the fourth straight month.
China’s gold consumption dips:
- According to a statement from the China Gold Association, the nation’s gold consumption dropped 7.95% y-o-y to 682.73 tons in the January-September period.
Gold Price Outlook:
- A possible end to the US government shutdown has turned investors’ attention back to the Fed rate expectations in October as the upcoming US data may show deteriorating economy.
- Gold is benefiting due to China extending its buying spree and inflation concerns, too.
- However, steady US yields and Dollar may limit the gains barring
- In the very short-term, gold is expected to test the strong resistance around $4160, a successful breach of which would open the way to test the resistance in $4190-$4200 zone.
- Dip buying is preferred over chasing the rally.
- Support is at $4075/$4025/$3990.
Silver: Sharply up
- MCX Silver December contract surged to 153,650, up 4% for the day.
- The metal may test the resistance around Rs 158,500 as it has taken out the strong resistance at $49.30 (Rs 150,000), which will act as a support now.
- Next support comes in at $48.50 (Rs 148,000).
- Dip buying is preferred over chasing the current rally.
(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
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