The WeekendInvesting Newsletter - 19 December 2023

Do you own Physical Gold ?

If you do in the form of jewellery, coins, or bars, the tax implications vary depending on the duration of your ownership. If you hold the physical metal for less than three years, you will be subject to short-term capital gain tax, which is calculated based on your existing income tax slab. Unlike equity investments where the short-term capital gains tax is fixed at 15%, gold follows the income tax slab rates.

On the other hand, if you hold physical gold for more than three years, you will be liable for long-term capital gain tax of 20%. However, it’s important to note that you can avail the indexation benefit. . . .

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The Dow Jones Industrial Average (DJIA), also known as the Dow, is a widely recognized stock market index that measures the performance of 30 large publicly traded companies in the United States.

It is considered one of the most popular market indices globally due to its longevity and historical significance. In this article, we will analyse the recent performance of the DJIA and its potential implications for other markets.

The DJIA recently hit a new all-time high, reaching a staggering 37,600. . . .

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WeekendInvesting Daily Bytes

The Nifty took a dip down to 21,333 but then reversed by more than 100 points, eventually closing again very near the all-time high. It's clear evidence of the extreme strength the market is currently exhibiting.

A lot of folks have been calling out for corrections, some saying it's getting irrational, but I believe one should not doubt the market's momentum until there are clear signs of it fading. And right now, there's no indication of that. We've seen numerous instances in the past where markets have continued to rally despite various valuation calls, and it's natural for markets to have lumpy returns.

So, maybe the markets will . . ..

Stocks & Sectors of the Day . . . .

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