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?
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
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.
One of my relatives wanted to invest in SiPs.
Asked my help coz am into direct stocks buying and USA market also. ( Made 10x in last 8y)
So, i checked his phone and got only Paytm and phonepe through which I could have subscribed s...
I was looking into ETmoney, is that a good app? And is ETmoney genius a good thing to buy? If not what app i should use?
I would like to buy a house in next 5 years. Estimating the price of house I might need would be 5cr by that time. So I would need a down payment of 1 cr. How can I plan my SIP today and how much amount I should be investing.
I'm a total newbie at investments, especially when it comes to the stock market (equity or mutual funds). I'm wanting to start my journey in this direction with mutual funds, so I can gradually understand the dynamics at work. I'd like t...
