Is a 2026 Market Crash Coming? | Expert Insights to Protect Your Wealth | Yogesh Khairajani | FWS 86

In 2008 when financial crisis happened, gold was $600. In 2012, just 4 years after that, gold was $1,900. Wow. Even

after the massive rally that gold has seen us, what you're saying, it is still a good idea to continue investing in gold and silver because an equation has changed now. So don't see gold as a way

changed now. So don't see gold as a way of making money at the moment. See it as a US market has gone up so much and the valuations are now not making sense.

Doesn't it make you apprehensive about investing in the US market? Bubble or no bubble, US exposure is important. If

you're missing out on US, then you're missing out on a big chunk of it. I have

met people in last 15 16 years who had to go to rehab to get away from trading.

Wow. Bitcoin was created in 2008. What

was it used for? Buying drugs, arms, ammunitions because Bitcoin or any crypto was untraceable, anonymous. That

is the reason why central banks sana right now one coin is $130. Imagine if

you don't buy it at all and after 5 years the same crypto is at 5,000 or 6,000. What are you going to tell to

6,000. What are you going to tell to yourself?

I've just walked into one of Dubai's oldest investment consulting firms, Century Financials. The guest on today's

Century Financials. The guest on today's episode is a global market strategist, someone who has more than 15 plus years of experience. His name is Yogesh. Hi

of experience. His name is Yogesh. Hi

Yogish, how are you doing today?

>> Hi Sean, how are you?

>> So guys, this episode is going to be really detailed, really fun and really, really educational for you guys. Make

sure to watch till the end if you really want to know how do the millionaires and billionaires of Dubai invest their money. So Yoges, can we start?

money. So Yoges, can we start?

>> Well, first of all, it's a pleasure to have you, Sean, and I'm really excited to talk about the financial markets and what's the next opportunity and let's take a walk and >> let's go. Let's go. Let's go, guys. Come

on.

Let's go guys. Let's see how we can become the Buddh. Let's go.

So let's do this. So today what you're doing is that you understand the client's requirements, you educate them and you help them invest their money.

>> Right?

>> So let us do that simple exercise with me.

>> Right? So let's say I am your client. I

came to you. Yeah,

>> right. And I'm like, uh, Yogesh, please help me grow my money. Um, and I'm looking for your expertise and your research help on what I should do with

my hard-earned money as we speak in 2025.

>> Right. So there are few things Sharon which we need to understand about investments. Yeah. So today the example

investments. Yeah. So today the example you're asking me if if you're a 25year-old or a 27 year old, I want to know first of all how old a person is.

So I will give you that number. Yeah. So

let's say I'm 30 years old. I come to you. I have a million dollars to invest.

you. I have a million dollars to invest.

Help me invest and grow my money.

>> Okay. And this uh right now do you have a stable job?

>> No, I have a business >> and it generates free cash flows.

>> So I am it's it is generating enough profits for me uh to live my life.

>> Uh and I can still save like 60 70% of my income after my monthly expenses.

>> Okay. Okay. So, I have a good savings rate of 60 to 70%.

>> And the money which you're investing right now, do you need it back in a span of 3 to 6 months or in a year?

>> No, I am not looking at any short-term plans. Any any of my short-term goals

plans. Any any of my short-term goals can be fulfilled with a credit card swipe. I am just looking for taking this

swipe. I am just looking for taking this to the next level where I can one day probably buy a 100 crore villa in Palm J.

>> You want to go all Warren Buffet on your investments.

>> That's right.

>> Perfect.

>> So, these are few important things, right? When you are talking to a client,

right? When you are talking to a client, you want to know how old they are, how important their money is. Means

basically, >> do they want it right away? Do they have any goals for the retirement? Do you

want to build up a big restaurant or travel the whole world when you get retired? How early you want to get

retired? How early you want to get retired?

>> Yeah.

>> And while we understand these things, we also want to understand their risk appetite.

>> Correct?

>> That's where it becomes tricky, >> right?

>> Everybody wants to earn money, but nobody wants to take the same amount of risk what it takes to earn that kind of money.

>> Correct? So if today I tell you that I can double your money in 6 months, you would love the idea but it comes at a risk. You're not ready to take that

risk. You're not ready to take that risk right?

>> But you love the idea that I can double your money in 6 months. Now the point is we have to do a proper risk analysis and understand and we have to tell them because when 2008 crash happened during

that time if you see the top 10 market companies with higher value you would see all the utility companies Exxon Mobile Chevron energy stock right but if you see in 2018 that game changed

completely the top companies were Google Microsoft Tesla the tech had taken over now if you had invested between those times you would have been sitting on much higher percentage returns right so

timing really matters but at the same time tech the way it moves up the same way it comes down also >> right >> right right so investors they have the tendency to ditch tech stocks first when

things go haywire >> so that's why if you're a 70-year-old I don't want to put your money in tech >> because that's too much adventure >> but for a 30-year-old because if something goes wrong you have another

few years to recover that money so it's okay to take higher risk >> as Indians sometimes we are told raised in a family where is don't take high risk,

>> right?

>> Because yeah, because high high risk is is it's a taboo.

>> It's like you're gambling away. But

that's not the right thing. Uh in fact, risk high risk means that a person understands that I'm investing in an asset which is volatile enough to

generate higher returns, but it can go down as well. Right? Now for a youngster it is good to first of all do maj majority of the allocation to stocks. So

first of all I think around uh 40% of your money should be invested into equities.

>> Okay.

>> Now within those 40% I'm talking about say or at least 50% should be into equities in that 30% to US markets

>> because US has the highest liquidity as we speak. Highest bond market is in UK

we speak. Highest bond market is in UK but the highest liquidity you'll find it in US because >> for the for the audience can you try to break down what is liquidity and why is that important uh when you invest your

money?

>> Yes. So liquidity means the ability to buy and sell something real quick which can be easily converted into cash. So

when I say that US is a very liquid market that means there are a lot of buyers and sellers in a in a US market which can easily allow you to buy and

sell your stocks. Plus US has the uh one of the largest market cap is New York Stock Exchange which means that the total value of the stocks highest value of the stocks at New York Stock

Exchange. That is why US exposure is

Exchange. That is why US exposure is very important.

>> Bubble or no bubble US exposure is important. If you're missing out on US

important. If you're missing out on US then you are missing out on a big chunk of return.

>> So 30% allocation there >> out of the 50% >> out of the 50%.

>> Okay.

>> 20% should be put into emerging markets.

>> Okay. Emerging markets are very important and when I say emerging markets I'm also dividing this money a bit into Europe which is a developed market but >> I'm talking about apart from US this 20%

allocation should be into Indian stocks combined with um Singapore combined with Czech Polish Hungary which different parts of central Europe

>> because if you see western Europe and central Europe western Europe goes to Germany France >> central Europe goes towards Poland and Czech and Hungary >> which by the way have generated on an average more than 40% returns this year.

Very few people have tracked this.

>> I didn't even know they had the an active stock market there.

>> Yes. But the point is it is happening and why it is happening I'll tell you.

There is something called French shoring which is trending these days. So there

used to be globalization right >> now it is the the the very important trend is deglobalization.

Delglobalization means uh countries would rather um trade with their friends rather than rivals. M

>> so Germany for example a lot of factories uh have been moved from so Germany has moved their factories to Poland or Czech just because they are nearby and they are friends. M

>> so what is happening Polish markets are getting a a lot of business >> a lot of labor coming in economy booming in plus Europe for the first time in

life and thankfully >> they have started spending money on their defense >> and these bases are being formed in Poland and that's why if you see Polish

market have gone up by 50% this year >> now so the ability of a developing country to take the help of a developed country can change the fortune for that developing country.

>> Definitely can. I think if you see India for example, India at this point of time has the demographic which means the median age right now for the Indian

population is it is 28.

>> 65% of Indian population is in the right age group of working.

>> Right?

>> Many developed economies by the way if you see the the working age >> it is older. That's why the many developed countries they require they have they need more healthare

understanding because >> the aging population is is the problem for them in India right now people are young the consumption is high incomes are rising this is the youth which is a

mix of everything >> right so India has an excellent demographic right now the manufacturing is doing good and most importantly there's political stability I think political stability has been there for

last so many is and it goes without saying that this this is expected to continue >> right >> so that kind of infrastructure that kind of ecosystem India is one of the best

countries to invest in right now >> so when you're looking at allocation of course out of this 20% maybe 10% could be allocated to India five or 10% can be

allocated to or 5% can be allocated to European uh Japanese stocks right now Japanese stock market for the first time in 34 24 years finally they have started

experiencing inflation >> that has pushed stock markets to as high as 35 years I think after 1989 >> so it's been easily 36 years this is the

highest we have seen Japanese equities >> wow >> now the point is >> this is where you're looking right you're diversifying here you did it in US you put a bit into Europe and when you're looking at Europe you're looking at central part of Europe which is

expected to get benefit from the French shing from the migration from the um uh from the the defense bases which are being created and then you're moving towards Japan, you're moving towards

India. You look at Indonesia which is

India. You look at Indonesia which is also is getting benefited because a lot of uh uh factories are moving towards Vietnam towards Indonesia just because

of deglobalization. So these days

of deglobalization. So these days countries so tariffs right?

>> Yeah. The moment US put tariffs on on different countries right now for example China if you see real estate in China it has plunged by 15%. You look at the industrial output, it's down.5% in

single month. That's a big drop >> since 2020. This is the biggest the drop has been. So people are moving from

has been. So people are moving from China. They're more scared of investing

China. They're more scared of investing in China. So where they would invest

in China. So where they would invest India, Vietnam, other other emerging markets, Indonesia for example, Singapore for example. So you allocate it that way. You're looking at the current trend. That's what you need to

current trend. That's what you need to do. So 50% is allocated towards the

do. So 50% is allocated towards the equities. Now you're left with this 50%.

equities. Now you're left with this 50%.

So just to summarize that 50% equity 30% goes into the US market.

>> Yes.

>> Uh the remaining 20% you're saying 10% in India.

>> 10% in India >> and that another 10% will go into central Europe and um emerging ASEAN countries.

>> Yes.

>> Right. So that's the equity portfolio.

>> Exactly.

>> Now let's go to the remaining 50%. Now

you come to the remaining 50%. Right. By

the way to everyone who's listening this allocation can be tweaked depending upon your age.

>> Of course.

>> Right. So we're talking to a 30-year-old person who was going all out like Warren Buffett.

>> Yeah. So now the remaining 50%. Now this

is where it becomes really interesting because earlier there was one thing which uh investors were not really excited about >> and that was the precious metals.

>> H until last 2 years nobody thought that I have to invest in gold.

>> Yeah.

>> I have to buy gold. I have to keep it.

would probably pass it on my children as a legacy or you know this is what normally the mindset is right anybody who bought gold never wanted to trade >> right they wanted to have physical gold

with them but in last 2 years this has changed now people have seen gold prices rising why because central banks are buying gold >> geopolitical issues have gone worse

>> unfortunately year on year the world is getting worse that's bad news but that's how it has worked out >> u now because central banks are buying gold prices have gone up. Geopolitical

issues, people are worried. So, gold is a safe heaven. It has always been a safe heaven. When people get worried where to

heaven. When people get worried where to invest and equities are falling, they turn towards gold. This has always been an idea. In 2008, when financial crisis

an idea. In 2008, when financial crisis happened, gold was $600. Okay. In 2012,

just 4 years after that, gold was $1,900.

>> Wow. So what we are seeing now right now happening with gold has already happened 20 years back during the 2008 financial crisis.

>> And the reason behind that was that when the financial crisis happened, >> of course that was the the the most um tragic thing because that impacted the entire world, >> right?

>> Retail investors lost a lot of money.

>> Bankers made a lot of money.

>> So that >> retail investors lost almost 60% of their money.

>> Yes. They I think there was a big photograph where they were marching towards the wall street and and there's a picture of the bankers and everybody sitting from the balcony sipping on champagnes.

>> Yeah, I remember. Huh.

>> So that was the time when um I think Ben Bernanke who was the Federal Reserve chairperson back then.

>> Yeah.

>> He came up with the idea that uh we just need to print more currency, right?

Which was famously coined as quantitive easing. And there were four rounds of

easing. And there were four rounds of quantitive easing.

>> Yeah.

>> More dollars they printed, of course, the value of dollar depreciated. And we

saw gold prices skyrocketing. That was

the time between 2008 till 2012. You

will see gold prices going in a very upward sloping direction. Right? In 2012

when markets recovered, obviously Fed decided to cut down this printing of money because that would devalue the dollar more. So they would just cut it down. And while that tapering started, that cutting down

started, we saw gold prices also dropping. The drop was very huge. That

dropping. The drop was very huge. That

was the reason why between 2012 and until 2020 you have not seen gold prices going back to 1900 because that inflated price was because of the weakening of the dollar which was because of the printing of the currency.

>> M right. So fast forward to today as we speak.

>> Yes.

>> You're saying how much percent of your money should be in gold?

>> 10 to 15% should be divided between gold and silver ETFs. So even after that massive re rally even after the massive rally that gold has seen and even that

silver is seeing right now >> usually what how people think is that oh wow it has gone up so much now it has to come down first then I will go buy >> but what you're saying it is still a good idea to continue investing in gold

and silver >> because an equation has changed now it's a very different thing so don't see gold as a way of making money at the moment see it as a portfolio insurance

>> got it got Now another narrative for this is that the US market same mentality right people think that you know US market has gone up so much >> uh and the valuations are now not making sense

>> what is your argument to that like I understand from 20 from 2023 to 2025 we've seen this incredible rally and there were a lot of reasons for that you know interest rates were cut and AI was booming >> yes

>> but now there is another narrative that these AI stocks are just fluff right because um the earnings expectations of growing cannot be

sustained like there is a meme out there that uh if Nvidia is not able to post a quarterly earnings that is expected from them the whole world is going to collapse. So there are meme of you know

collapse. So there are meme of you know Nvidia holding up the whole world >> and this quarter they met those targets and actually they exceeded those targets even then the market corrected by 5%. So

>> when I hear news like this and a lot of people are hearing news like this >> doesn't it make you apprehensive about investing in the US market considering that um the market have rallied so much

like you mentioned 40% year on year >> so because the general thinking from a retail investor is that if something has gone up so fast so quickly >> then I probably need to book my profits and wait for the market to correct and

then get back in. So what you said is really right. The general thinking of an

really right. The general thinking of an investor, >> right? The term crash is thrown around

>> right? The term crash is thrown around like anything. It's the most common

like anything. It's the most common thing. The moment people see something

thing. The moment people see something going up, they come this is going to go crash.

>> Same the word bubble which has been now used a lot. Yeah,

>> it's a AI bubble or not.

>> See bubbles burst when people stop asking questions.

>> If people are asking questions about bubble which means you're not in a bubble.

>> Okay, >> you will be in a bubble when you are absolutely not worried about it. like

2008 >> right when people were thinking if you talk about anyone that housing prices are going to go come down they're going to laugh at you >> right >> there's no way housing markets are going to crash they did that was the bubble

and people stopped asking the questions >> the thing about US market think about AI see we have to understand so when I allocated your 30% to US market I'm not putting 30% to US tech

>> okay okay >> I'm putting probably 10% to tech remaining 20% to quality >> your utilities defenses sectors, right?

Like for example, if recession happens, you're not going to stop brushing your teeth.

>> You're not It's not like you're not going to drink a Coca-Cola, >> right? So utilities, defense,

>> right? So utilities, defense, electricity, coal, energy kind of a sector. 20% their quality works. 10% why

sector. 20% their quality works. 10% why

I'm putting 10% in tech now because of this thought that while markets have rallied if there is a possibility of a drop. So now the answer to the question

drop. So now the answer to the question is there a bubble or not? This is the most popular asked question. uh let's

understand this thing 2000 the year of 2019 when.com bubble happened that was the time when companies were getting

themselves listed there was a restaurant which was a restaurant and they added the name.com next to them >> got fully subscribed

>> and people thought that you know they're going to use some sort of technology because internet was the next thing restaurant name with.com >> and like this there were so many

companies schools >> getting listed.com at the end and fully subscribed >> by the year 99 2000 people started getting realized that this is a restaurant doesn't use tech for anything

>> like this there are so many companies which are just using in its name >> just to get the full subscription but they're not using tech in any form >> they started selling those shares hence

the bubble burst but tell me one thing Did internet not change the lives as it was promised it would?

>> It absolutely did.

>> It did.

>> Yeah.

>> It just didn't do it at that point.

Right. The question is after every bubble burst the genuine straw companies they continue to evolve. Right.

>> H we have to understand a difference between a bubble crash and a market correction.

>> Markets are poised for a 10 15% dip.

>> It's very common, right? It has rallied from 2023 till now. So a 10 15% correction is it is something which should be expected and anticipated.

>> Correct.

>> But is there a crash coming? Not

necessarily. Because

>> when you mean crash you mean like what 30 40% >> uh yeah 30 40% what we saw in pandemic what we saw in 2008 or in 2001. Yeah.

>> Now if you see the numbers and you see the future growth, if even if there was a bubble, even the bubble burst, can we say that AI is going to disappear completely?

>> No, >> it won't disappear. It is the infrastructure layer. It's not just a

infrastructure layer. It's not just a sector anymore. Today when you are

sector anymore. Today when you are building up a product, >> you need to understand that where I can fit the AI into this product.

>> This has become the stage one of building up a product.

>> Right? So I would suggest that you feel that there's a bubble coming, no problem. Just put less exposure on that

problem. Just put less exposure on that part.

>> So take example of Nvidia.

>> Huh?

>> Did anyone anticipate that Nvidia is going to go up 250%.

>> No.

>> Because what you're saying right now, people were saying exactly the same thing about Nvidia 3 years ago.

>> Huh?

>> The stock went up 250%.

>> People didn't invest in it, >> right? Now they're still talking the

>> right? Now they're still talking the same. It is overvalued.

same. It is overvalued.

>> You have to understand the cost of losing that opportunity.

>> Sharon, >> opportunity cost is a very important cost. When you don't invest in

cost. When you don't invest in something, you are letting those returns go.

>> Right?

>> Now, for whatever reason, you're sitting on cash. Sitting on cash is not

on cash. Sitting on cash is not investment.

Every single penny which is in your pocket right now, not invested, is losing its value. Right? Why banks

charge each other overnight interest?

because they know that if I lend you money today and if that money is used by you, you are generating returns over it but I'm not getting anything out of it.

I I wasted my money. Correct. You need

to be invested in the market.

>> So you mentioned 10 to 15% goes into gold and silver. What about that last 35%. There is that goal.

35%. There is that goal.

>> Yes. So now after we have diversified in metals, we are reaching to the remaining 35%. Now out of that I think 15 to 20%

35%. Now out of that I think 15 to 20% can be allocated to debt. the fixed

income part. Okay. Right. Fixed income

is when you're buying US treasuries, you're looking at corporate bonds.

>> Corporate bonds are issued by the companies. They give you a little higher

companies. They give you a little higher yield than normally. Right? So I think and that that's really up to you how much allocation you want to do between this. This 35% needs to be divided

this. This 35% needs to be divided between debt. Out of the 35%, you're

between debt. Out of the 35%, you're saying 15% goes into debt.

>> 15% goes into So another 20 is left.

>> No, it's 20 right now. Out of this 20 15% can be invested into thematic. What

is >> the mega trends? I'm talking about um DNA sequencing, talking about cyber security, >> um uh space exploration.

>> So like super future stuff.

>> Super future stuff.

>> Okay.

>> Because we So that's the thing. Space

exploration is something which is a very new concept, right?

>> We're still not really sure how valid it is. But you know that when we talk about

is. But you know that when we talk about space exploration all of a sudden companies like SpaceX comes into your mind.

>> Now the the point is that why allocate a certain amount to futuristic companies also because you never know that which sector starts booming

>> before pandemic. So AI was not something which we have never talked about. We

always used to talk about it. It got

more serious after pandemic because the need of the hour was push yourself into this technological progress. Yeah. So

imagine um companies which will use technology to improve the fertility of the agricultural land ag tech

>> right that's one of the important key areas there are not many companies right now in those areas but there are some you could invest so allocate let's say

from that 15% so the remaining uh uh percent I think 20% remaining right >> out of that 15% should be allocated to these themes I'm talking about uh

blockchain. I'm blockchain not cryptos,

blockchain. I'm blockchain not cryptos, >> right?

>> Blockchain. Talking about cyber security, talking about um drone manufacturing. Drone manufacturing is

manufacturing. Drone manufacturing is one of those areas which is expected to grow more in the future. You're talking

about um DNA sequencing. DNA sequencing

allows you to sequence the DNA of your body in order to understand that what kind of diseases your body is is prone to. So you can find a timely diagnosis

to. So you can find a timely diagnosis for that.

>> Okay.

>> So these kind of things you would like to invest this is the futuristic themes like act tech and all of that.

>> No wait that 15% that you're investing >> uh let's take one example uh space exploration SpaceX.

>> Yes.

>> Now SpaceX I can't invest in even if I wanted to know it's not a publicly listed company.

>> Correct.

>> So how do I get exposure in these super trends which you're talking about?

>> So there is a concept called exchange traded fund ETF >> for ETF. Right. Space exploration does not only have companies which are launching rockets in the space. The

companies when these rockets come back they get refurbished right. Then there

are companies which are building GPS systems for these kind of rockets.

>> Yeah.

>> Then there are companies which are building engines or other kind of technology for these. All of them are combined in a space exploration ETF.

>> Right. Similarly, when you >> So there are ETFs which invest in these space exploration related companies or a part of the supply chain of these space exploration companies.

>> Like when you do a EV ETF, you don't just buy Tesla.

>> Correct.

>> You even go for those companies which are creating packaging for lithium batteries.

>> You're also investing into in EV infrastructure stations, right? Those

those who are making EV charging stations right?

>> Even those companies are putting. So the

advantage of the ETF is these new uh areas, they're very risky, right?

>> Correct.

>> Space exploration is good for now. Maybe

tomorrow it just disappears. Nobody

cares about it.

>> So if you put your money into one of those companies, you have a chance of losing that.

>> But if you put it in an ETF, it kind of diversifies your exposure in a systematic way, in a less riskier way, it should.

>> Got it. Got it. The point is that if you are completely away from this, you will never get to know the good and the bad out of it. So if you're scared of something, put less money. So my

remaining 5% by the way was supposed to go to the the virtual assets >> which is your cryptos. Earlier I would allocate only 1%. But after seeing now

the amount of institutional flow which has gone into cryptocurrencies, I would increase my exposure to four to 5%. But

that 5% not to the meme coins, >> not to Squid Game coins and all that nonsense. Something which solves the

nonsense. Something which solves the problem of a higher magnitude. Like for

example, Ethereum, Solana, these are the kind of cryptocurrencies which are sustainable in mining and Ethereum is like a internet to the crypto world.

>> Same goes for Solana can do everything what Ethereum can but more sustainable in mining. So people would want to look

in mining. So people would want to look forward to these kind of cryptocurrencies and the denominations are very small, very low. Solana right

now one coin is $130.

>> It was $270 3 months ago.

>> Okay.

>> Now you're getting it for 130. One coin.

>> Imagine if you don't buy it at all and after 5 years the same crypto is at 5,000 or 6,000. What are you going to tell to yourself?

>> Risk. Take the risk.

>> But the composition needs to be tweaked.

If you feel that crypto is a sham, don't do 5%, put 5%.

>> So one question I had about the crypto space that you mentioned that you should have, you know, 4 to 5% of your money in crypto or even lesser >> or even lesser, right? But why do you feel that the central banks are little

weary about cryptocurrencies? I mean of course there are some economies like the United States, it's a very very pro- crypto primarily because of you know the Trump becoming the president. He

launched his own coin. uh but if I look at India um the RVI is very wary about uh crypto right they uh at one point of

time they also gave like a soft um uh threat to the banks that you know >> don't deal with any crypto exchanges >> yes >> right if you allow transaction of INR

converting into Bitcoin >> I'm not going to tell you no stop doing it but I'm not going to like it no it's like a passive aggressive mom >> yes >> uh so why why is the Indian central bank

so against uh crypto?

>> Every central bank is against crypto.

But the biggest problem with a cryptocurrency is what? It's a encrypted currency. It's anonymous.

currency. It's anonymous.

>> Why central banks have a problem with crypto? Because you cannot trace a

crypto? Because you cannot trace a transaction which is done through a bitcoin or through any of these cryptocurrencies.

>> Why the cryptos never got a regulation?

Because when Bitcoin was formed, when it was created, it was created in 2008. And

Bitcoin was a birth of anger which was amongst people because when they saw the 2008 meltdown and the retail investors when they lost their money, they were so

pissed off with banks that they said that how banks got this authority to manipulate us in putting money into these junk bonds which would just

disappear because they know that we have money in the account and they manipulate us like this. You know what? We should

have a currency which banks should never know. If I am transferring to you, only

know. If I am transferring to you, only you and me should know but no one else should know about this. Let's create a currency which is encrypted, which is

anonymous, which is hard to trace.

Bitcoin was created in 2008.

The moment a currency was created, which was anonymous, which was accepted by a few people, what was it used for? buying

drugs, arms, ammunitions, being paid as a ransom to uh people to get jobs done.

>> Every single illegal thing which could be done because Bitcoin or any crypto was untraceable, anonymous, right?

>> That is the reason why central banks have not regulated it because the implications and the consequences of this kind of currency in the system that

can be very different. Second thing is why the case for crypto is so strong if we know that it's never going to get regulated. Why we are so crazy about

regulated. Why we are so crazy about Bitcoin? Because Bitcoin carries the

Bitcoin? Because Bitcoin carries the technology which solves the purpose of a crossber transaction. It brings the

crossber transaction. It brings the technology that today if somebody has to transfer money from UAE to Europe, it would be done within a very close

interval without any high processing cost because normally it takes a week from our bank to reach out to the correspondent bank there, correspondent bank of my bank, correspondent bank of that bank and then finally it takes a

one week and around 1% of the transaction fee, right?

>> So imagine somebody transferring€ 10 million euros. It's costly. My case for

million euros. It's costly. My case for crypto is never a long-term investment.

Right now, it is a speculative thing, but if when it falls like this from 120,000 to 80,000, you could just buy like 0.1 of Bitcoin and just forget

about it. So, for cryptocurrencies, I

about it. So, for cryptocurrencies, I would still tag it as speculative. For

blockchain as a technology, I definitely see going higher in in the in the next few years and companies adopting to blockchain. Louis Vuitton is already

blockchain. Louis Vuitton is already doing it. They have adopted blockchain

doing it. They have adopted blockchain in their system to uh prevent the counterfeiting of their products. U

Oracle has created their own blockchain.

Um uh Walmart is using blockchain use through Amazon to ensure the safety of their food products. So blockchain is something which is very promising. I

feel if you were to invest, you would invest in any company which is into blockchain. So you could always invest

blockchain. So you could always invest into these kind of companies. There are

blockchain ETFs also which are being prepared which have those kind of companies in it. Best way is use the ETF for such kind of exposures.

>> Got it. Got it. So now let's come to you know the speculative investment part.

You mentioned about uh learning how to trade your money cuz that was an interesting thing that you mentioned that you can now take a leverage of 10x.

>> Correct.

>> Meaning let's say I start with trading 5% of my net worth. Let's say I have 10 lakh rupees. I trade with 50,000 rupees.

lakh rupees. I trade with 50,000 rupees.

I can take a leverage of 10x.

>> You can actually take a leverage of 100x.

>> 100x also.

>> Yeah. But that's very aggressive. Okay.

What do you do?

>> I go aggressive in my account.

>> But you have the choice.

>> So let me assume I take a leverage of 10x. So 50,000 meaning I can invest like

10x. So 50,000 meaning I can invest like it's five lakhs.

>> Yes.

>> So with 5% of my portfolio if I'm trading.

>> Yes.

>> What is your advice as a professional trader who has been doing this for almost 15 years?

>> Yes. and I want to invest by taking leverage. Good or bad idea? And how

leverage. Good or bad idea? And how

should I go about this entire journey?

Definitely a good idea. Definitely a

good idea. Leverage is a double-edged sword. H you use it wisely, your

sword. H you use it wisely, your investment multiplies. Use it unwisely,

investment multiplies. Use it unwisely, your pain multiplies. Correct? So you

have to understand leverage is a very beautiful thing. It's basically you are

beautiful thing. It's basically you are borrowing money from the broker and investing. borrowed investing is not

investing. borrowed investing is not wrong. Okay? Because if you are able to

wrong. Okay? Because if you are able to borrow at a cheaper cost, invest and earn, that's a good trade. The only

problem is when you borrow too much and you're taking a very high risk and you're not keeping any risk management techniques. That's the problem.

techniques. That's the problem.

>> So why people the moment you say leverage people get scared? The moment

you say leverage trade or 10 times or 100 times, they get scared because they feel that I'm going to lose my money because that's what they have heard from every single person who have lost money that never do leverage trading. Correct?

You know, I would still not agree with the number with Sebie said that if 98% of the people who are trading, if they're not even able to beat the benchmark returns, then you're doing it wrong.

>> Okay.

>> You have to understand this, >> right?

>> Because no, we obviously majority of the retail investors don't know what they're doing. Yeah, the problem. Most of them

doing. Yeah, the problem. Most of them are losing money for a reason.

>> That's the problem because uh trading requires clarity, discipline and most importantly protection.

>> You go without protection. Uh that's the problem. So clarity means knowing your

problem. So clarity means knowing your product.

>> How much gold moves in a day? How much

crude oil moves in a day? Gold moves $45 to $50, $60 in one day. M

>> uh crude oil moves $1.5 $2 in one day.

NASDAQ moves $200 in one day.

>> You see this average movement, right? So

you need to have clarity. If I am doing in gold prices, how much they have moved in last one week understanding where where the market is. So you need that clarity that if I'm investing in gold, >> yeah,

>> I should know that this volatility is expected. So that is clarity

expected. So that is clarity >> cuz volatility is good for a trader.

It's good when you make money.

>> Exactly. Right.

>> So volatility is opportunity. We always

say that where there is volatility there is opportunity. Correct? Now when you

is opportunity. Correct? Now when you have addressed this clarity part that okay this is this much volatile. Now you

go to the next part which is protection.

Now protection or safety. Safety means

diversify. You don't do one trade all.

So never they say never marry an instrument.

>> This is a very common thing which I have seen sometimes in in the clients we we handle >> that you I'm not going to trade in anything else. I'm just I I've seen gold

anything else. I'm just I I've seen gold enough. I'm expert in gold. I will only

enough. I'm expert in gold. I will only trade in gold. Okay, then you will lose in gold if good trade goes against you >> because you're only focused concentration risk. You're only focused

concentration risk. You're only focused on one product.

>> That's never the right way.

Diversification because gold and crude oil are not related. Crude oil and uh NASDAQ is not related.

>> NASDAQ and Euro dollar is not related.

You need assets with zero correlations with each other. So you can build a portfolio and you keep your riskreward as 1 is to2 which means if you're if if

if the prices go down and you're losing $1, you close your trade but if it goes up $2, then you book a profit which means if you have done 10 trades >> and I'm telling you today if you have

done 10 trades >> let's say your losing rate your your call rate of of of going your trades right you are wrong 60% of the time.

>> Okay, >> so out of your 10 trades, 60% of the time you're wrong. So your six trades goes in a loss.

>> Okay, which means the price drops by $1, you book your trade loss. 1 into 6, $6 you lost. Correct? 40% of your trades go

you lost. Correct? 40% of your trades go right, four. But when profit goes to

right, four. But when profit goes to two, 4 into 2, 8.

>> Okay? Because each loss you book, you book a profit twice that loss.

>> Okay? In that case, even if 60% of the times you're wrong, you will still end up making a net profit >> cuz $8 profit, $6 loss, $2 profit. So

you're saying the game is to understand the riskreward, >> risk management. Trading is never So sometimes I talk to people, they say, "Okay, tell us. We will invest with you only if you tell us that how many of your calls have gone right.

>> It doesn't matter >> because I could have given you 100 calls. Out of 100, even 90 would have

calls. Out of 100, even 90 would have gone right. But if your risk management

gone right. But if your risk management is poor, you would make a loss even then >> because you might have booked profit in 89 of them, but you lost your 100% capital in one of those trade which went

wrong. So they wipe out the capital.

wrong. So they wipe out the capital.

>> Yes, trading is about risk management.

So clearly most people look at that u win ratio.

>> How much% of the trades are right?

>> Yeah. But that is not as important as your risk management of course >> because so that riskreward ratio if it's optimized you can actually be wrong more than 50% of the time >> but still end up making money.

>> Yes.

>> I have met people I have seen people in 15 last 15 16 years >> who had to go to rehab to get away from trading.

>> Sort of like that kind of an addiction.

>> Yes.

>> They go for rehab.

>> Yes. Wow.

So if you have to do this then you're not doing it right.

>> So Yogesh if I had to ask you how do I become how do you become my consultant?

Like I'm asking for the audience as well because I think we've been hearing you for the last one and a half hour and I'm sure a lot of them will be like okay yoga firstly or can I start?

>> Definitely definitely not. Okay.

>> In fact I wish that you become a millionaire after you work with me.

Okay, >> but with all the regulatory disclaimers I I I don't want to highlight on that part. But the simplest thing is that

part. But the simplest thing is that even if you have $100, you can be an investor.

>> People do SIPs also. So some of the investors who have joined who have seen these kind of sessions and when they have joined with a very smaller amounts.

I particularly educate them that see even if you have a smaller amount just start creating a systematic investment plan for yourself and bring that discipline in your life at

every 15th of the month I will put $100 in a S&P 500 ETF >> right >> so today uh even if you whatever money you have you need a consultation first

of all from century consultation uh or education about products it goes absolutely free of cost >> okay >> we do one-on-one sessions with people who want to learn about financial awareness. Financial

awareness. Financial >> free of cost.

>> Absolutely free of cost.

>> Interesting.

>> We don't charge for the sessions. We

don't charge for training and educating them on the markets. Once they

understand what they are getting into and what are these things about, they can always open uh investment accounts, trading accounts and we'll help them with our consultation. We prepare a lot

of research reports. around 120 research reports have been generated in one month. Uh when when the events have uh

month. Uh when when the events have uh stimulated that effort so when it has been like if if I would tell you the stories from 2016 when the night of the

US elections everybody's was in the office the results are coming out 2:00 a.m. 3:00 a.m. and you will see clients

a.m. 3:00 a.m. and you will see clients sitting with us discussing about US elections.

>> Interesting. So the the the idea is to make you independent so you can take your own investment decision but not to leave you alone here right in fact uh everybody who's listening to the the to

the podcast right now u we are trying that once these sessions are over there is a free of cost research report on gold which can be sent to you and you can send it to your to your listeners

>> put it in the description down below guys >> so that we can do that and uh as I said anyone wants to book a one-on-one session regarding the consultation. It

is absolutely free of cost.

>> Okay, perfect. Yogesh, I think uh that was a phenomenal master class on international investing and uh you are like u a walking encyclopedia. You know

everything about everything. I

personally learned a lot of things today. Any last piece of advice you

today. Any last piece of advice you would like to give our audience who've listened here for so long?

>> First of all, uh Sharon, that's very generous of you. I think uh what you're doing is a wonderful thing. Thank you.

>> U meeting people from uh different sectors and bringing information uh away from the noise that's the hardest job of any influencer.

>> Thank you.

>> You doing it and uh getting it to the audience and this is one of the most sensitive topics financial services >> right?

>> So >> should have asked this in the beginning good good things about me. Thank you.

>> No I mean uh there there's no doubt what you're doing is is one of the most difficult things.

>> Thank you. Like anybody I think who sees from the outside feels that oh okay views generated views generated >> but the thing is to ask the right questions and to sit and listen to that

information. It it takes a bigger person

information. It it takes a bigger person to share the knowledge but takes even a bigger person to sit and listen to it >> right >> especially somebody who has listened so many people and and so many things. So

first of all congratulations for doing such a great job and thank you so much for allowing me to sit and and talk for so long. Um one piece of advice for

so long. Um one piece of advice for everyone which I definitely want to give first to definitely read your book which I saw you uh posing in front of the

camera and most important thing is um always invest. It does not matter what

always invest. It does not matter what age you are at. In fact uh younger you are earlier you start investing compounding will do the impact. Create

your SIPs. Think about investment.

Trading is the last bit but think about investments. Always have a investor

investments. Always have a investor mindset.

>> Absolutely. All right, guys. That brings

us to the end of our podcast. Thank you

so much for watching till the very end.

I'm sure you become 10 times more smarter if you've been listening patiently throughout this entire conversation. If there are any questions

conversation. If there are any questions that you felt like I did not ask, please drop them down below. Me and my team will try to answer them. And if there are any future guest recommendations that you would have that you would like

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