storyflo · finance and markets·finance·2 minfinance and markets · the day's top 10 · june 4th
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The storyflo daily brief for June 4th. Here are today's top 10 finance and markets stories.
First, from Nithin Kamath. Transfer charge refunds and no AMC for the first year.
Zerodha is eliminating depository (DP) charges for investors who transfer holdings into its platform, effectively making most investment services free. This includes buying stocks, ETFs, direct mutual funds, and bonds, with the only costs arising from intraday or futures‑and‑options trades.
The broker also waives the first‑year annual maintenance charge (AMC) on demat accounts, thanks to BSDA limits that already keep AMC costs low. Users can still open a secondary demat account to separate short‑term and long‑term holdings if they wish.
When you move stocks to Zerodha, you can manually set the acquisition price, ensuring that your profit‑and‑loss calculations stay accurate and portfolio tracking remains seamless.
Zerodha will track the net monthly flow of transferred‑in versus transferred‑out stocks and publish an updated chart in six months to show the impact of absorbing DP charges on its side.
Second, from Nithin Kamath. Success doesn’t make my advice better.
I find it odd when people turn businessmen into role models, and this seems to have become more common in the last 5-odd years. It’s the same with idolising movie stars and sports stars. None of it should happen, really. 😀
When people come to me for advice, my first reaction is: What makes you think I’m qualified?
Just because I’ve gotten lucky in business, does that make me qualified to advise you on your career, your life choices, or anything apart from how to get lucky? 😀
There are startup founders, especially people working in the social sector, whom I meet through Rainmatter Foundation, and I think they are far smarter and more capable of giving advice than I am.
If you still pick a role model, pick someone for a trait worth admiring in real life, not because of what they project to the outside world.
Third, from Elliott Wave 2.0. BTC - The Structure Was Clear Before The Move.
Good morning everyone 👋🏻
We have been preparing since February 5th 2026
Allocating in the correct areas
While the vast majority got this move completely wrong
I remained focussed on the key thing that matters
Structure
Now is not where panic is rewarded
We stay focussed and disciplined
My broader expectations remain bullish for 2026
Read more
Fourth, from Elliott Wave 2.0. RENDER + RIOT + SBET.
Good afternoon everyone 👋🏻
Today I walk you through -
Each asset I look at the following -
Cycle positioning
Elliott Wave analysis
Defined levels
Targets
There are no structural changes to these 3 assets since they were last reviewed on April 20th and May 11th
This more efficient format allows me to review rotation assets more frequently
While keeping you all fully up to date
This is Elliot Wave 2.0
Structure first
Price confirms
Patience wins
Now let’s break down where each asset sits in this cycle 👇🏻
Read more
Fifth, from Elliott Wave 2.0. Elliott Wave Analysis - Crypto Total Market.
The Count
The total crypto market cap has been tracing a clean five-wave impulse off the cycle lows, and the structure now appears to be entering its final act.
Wave 1 completed at the late-2017 euphoria peak, followed by the deep Wave 2 corrective decline into the 2018–2019 base. From there, Wave 3 unfolded as the powerful 2020–2021 advance — the stronge…
Read more
Sixth, from Elliott Wave 2.0. ETH - The Structure Was Clear Before The Move.
Since early February, the team has been methodically allocating resources, concentrating on the underlying structure rather than reacting to short‑term market moves. While many participants misread the recent shift, the focus remained on building a solid foundation that can support future growth.
The speaker emphasizes that panic‑driven strategies are being avoided in favor of disciplined, long‑term positioning. By sticking to a clear structural approach, they aim to capture value that others may overlook during volatile periods.
Looking ahead, confidence stays high for the remainder of 2026. The broader outlook remains bullish, with expectations that the groundwork laid now will drive continued upside as the market stabilizes.
Seventh, from Elliott Wave 2.0. ALT Dashboard - Full Framework Review.
