CA Rachana Ranade runs a Youtube channel named CA Rachana Phadke Ranade and has 1.5M+ subscribers (as on 17 Dec 2020).
CA Rachana Ranade also holds various other valuable degrees like (Chartered Accountant, Bachelor in Commerce (BCom), Post Graduate Diploma in Management (PGDM) & Master in Business Studies (MBS).
(This is the article from my blog financebread.com which is going to expire in this month, you can read the complete article. Support @rishabhnotes if you like my work, it would be great help.)
The anchor asked the very first question on Rachana Ranade Interview – “What are your advice to Millenials and young crowd on How to take their passion and monetize their content on Youtube?
CA Rachana Ranade – We have seen that during lockdown the no. of Demat accounts and youtube accounts both increased but as things started getting back to routine the no. of active Demat account and active youtube account started to go down.
My advice is to do something which you can hold on to long term and you should do if it is your passion.
Don’t follow someone blindly and start imitating them.
CA Rachana Ranade – I tell them everything and anything is available free of cost online.
I pitch them by saying when you enrol into my course, you’ll have only that much sufficient knowledge which can get you started investing.
Everything is available online but the problem it’s so much out there to consume and you end up feeling overwhelmed.
I always simplify the things for them and tell them I don’t sell knowledge, I sell simplified knowledge.and that’s my edge over the competition.
CA Rachana Ranade – I prefer to see the macro view first and then do industry analysis.
And I tell retail investors “Don’t pick stocks when they are too early”.
I am happy to get 2x returns and if external factors are suitable then it becomes easy for companies to give returns.
Typically we use this concept for banks but I try to use this concept for other companies as well.
Idealy I try to check the company having a monopoly or at least less competition.
If they are leaders in their segment then there is nothing like it.
CA Rachana Ranade – I always look at ROE and ROCE .
If I were an owner of a company and I am not able to fetch even 5% return then might as well I invest my money in FD.
I feel like 5% for ROE is very less and if I am taking a risk with my money I will expect at least 2x or 3x return.
CA Rachana Ranade – Right now my favourite stocks are Jubilant Foodworks and Polycab .
Below are the some details of Jubilant Foodworks and I also share some details of Polycab but
since she did not speak about it very much so I am not writing about it and if you want to know about Mutual Funds, you can read this post.
CA Rachana Ranade – My simple advice is ‘Invest in only those companies which you understand.”
If you are a housewife then you understand FMCG (Fast Moving Consumer Goods ) well so why don’t you invest in them.
You can give some contribution by being an owner of the company and also give some returns to top-line also.
That’s it readers from my side.
My goal was to keep this post centred towards finance topics and at the same time tell you about this wonderful youtube channel.
She is one of the best teachers on Youtube.
And my words don’t mean much but I think its my responsibility to give my reader the best I can and not only related to finance and business but other things also.
BBA Student and Thinker. @rishabhnotes on Instagram - 📚Business and 👍Helpful things. •📝 Real & Practical Ideas •🧩 Key business concepts Support @rishabhnotes :- Paytm- 9599635881 With @rishabhnotes, it's my honest try to share something valuable.
Explore the World’s
Take Your Ideas
Just press play and we take care of the words.
No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.
2 Million Stashers
Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.
Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.
Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.
This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!
Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.
Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.
Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.
I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!
Read & Learn
Access to 200,000+ ideas
Access to the mobile app
Unlimited idea saving & library
Unlimited listening to ideas
Downloading & offline access
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates