Weekend Investing.
Has anyone used the Weekend Investing product by Alok Jain? Thinking of getting there MI India Top 10 subscription which cost 9K for a year. What is the ideal cheque size to put into stocks to get good returns on this?
rzr
Stealth
7 months ago
If he is good why he will sale it to 9k
Think over this guys are just sell person
Babasaheb
Stealth
7 months ago
I've been following him on twitter for almost a year and his takes are interesting on the stock market.
9k is a great commission on 10L investment corpus (1% commission which is what active funds take), which is upper 5 percentile. So if you look at someone taking this to invest 3-5L that’s 2-3% commission. So he will make money. Don’t think you should see it absolute 9k fees being low
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Sounds interesting..few questions..
- Are you a regular investor in stocks?
- How long have you been investing ?
- What outcome are you trying to achieve by buying subscription ?
Babasaheb
Stealth
7 months ago
- 2/3 times a quarter with ticket size of 5 to 15K depending on stocks
- Sept, 2021
- above average return on specific stocks he'd recommend
Good
You still need to learn a lot. Do a lot of experiments, read up and try out.
I wouldn’t buy such subscription rather try your learn myself by reading books and understanding the market. Rest it’s your money go for it if you feel it’s worth.
What I have learned (investing since last 9yrs) that it’s impossible to predict anything in the market .
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I feel the strategy very thing is good. Also, he is upfront to say that, once invested , should say invested through full market cycle to see returns.I think he is fair.
Babasaheb
Stealth
7 months ago
What's the average/median cheque size one usually puts into it?
I don't have data on that, I think he has mentioned some minimum amount, you can start with that.
Sensible guy. Has mostly momentum strategies. Work well in a bull market.
At least 4-5 lakh ticket size would make sense with such a fee.
For smaller tickets, MFs would be better (can try quant MF if you want fast mover stocks). Else even smallcap index has returned 40% last year.
Not sure about this one, but one of his options focused smallcases tanked more than 70% in 2022/33
Babasaheb
Stealth
7 months ago
Damm
I would look at it as worthy if
1. You can’t find a similar themed MF
2. 9k is <1% of invested amount, this what you would pay otherwise a MF - so you need to invest 9L
3. If unclear try for 3M subscription and then extend if you trust their approach
I’m invested in one of the small cap momentum small cases - one of Weekend and one of capital mind
Babasaheb
Stealth
7 months ago
9L is big amount for me to put in one bucket.
In which case it’s better off to find a MF with similar portfolio or thesis since you will be paying a lot of commission. If you strongly feel commission is worth the alpha - eg if you put in 1L then it’s 10% commission and hence it has to overperform equivalent MF by 10pp! Which is a lot
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