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?
If he is good why he will sale it to 9k
Think over this guys are just sell person
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
Sounds interesting..few questions..
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 .
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.
I would look at it as worthy if
I’m invested in one of the small cap momentum small cases - one of Weekend and one of capital mind
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
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.
Till now I’ve been investing our families income into shares and MFs by myself using own research and places like grapevine :)
Now the allocation and its wisdom has started worrying me as the overall portfolio inches towards 1cr
And I...
DISCLAIMER - I have no intentions to become a finfluencer. These posts are just to trigger personal finance conversations as I see many noobs chasing small/mid caps without a fundamental understanding.
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