TIL Liquide and StockEdge share market apps
My Gen X cousin and I were discussing our investment approaches. I told him about how most of us in my generation and peer groups choose to park bulk of our corpus in MFs, smallcases and some stocks. He laughed and ridiculed it out - stocks are the best way, why can't we do what the fund managers do. Just follow couple of good stock market apps that he mentioned above, do fundamentals of your own and invest away. Had long healthy debate, few strong pegs and agreed to disagree. To each their own, as long as we keep investing. But I never heard of these apps before? Is anyone here familiar using these apps and their services? Any insights you can share?
Kendall Carmden
Stealth
10 months ago
He comes from an era of 3% expense ratio, entry+exit loads and agents churning portfolios every year for commissions, with no transparency, no daily update, no apps.
It's natural that he has a distrust towards the MF route. All the modern SIP MF things we take for granted are only a recent phenomenon.
I know Stockedge and the founder Vivek Bajaj personally. It's a good app, they started out by offering direct mutual funds but their main USP is fin education, mainly options and risk management. Pretty good and enjoyable lectures on YouTube. The downside of research lectures is that they are case studies and seem quite obvious post facto and can lead to overconfidence.
Thanks for the detailed BTS response. Never knew about the era of 3% expense ratios, that is insanely high. Explains a lot now
If your time can be put to better use, rather than learning what experts have already learned to do, why reinvent the wheel?
Not disagreeing to it. I told him that Smallcase is in similar bucket but he dismissed it
Kendall Lee
Stealth
10 months ago
He is correct to assume that single stock picking is still the best way to get outsized returns, but you really need to be good at it. You'll get above average returns through MFs.
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