WobblyMuffin

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?

10mo ago

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FluffyKoala

Stealth10mo

If he is good why he will sale it to 9k
Think over this guys are just sell person

WobblyMuffin

Stealth10mo

I've been following him on twitter for almost a year and his takes are interesting on the stock market.

SillyCoconut

Apna10mo

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

SquishyBanana

Freelancer10mo

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 ?

WobblyMuffin

Stealth10mo

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

SquishyBanana

Freelancer10mo

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 .

TwirlyJellybean

Deloitte10mo

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.

WobblyMuffin

Stealth10mo

What's the average/median cheque size one usually puts into it?

TwirlyJellybean

Deloitte10mo

I don't have data on that, I think he has mentioned some minimum amount, you can start with that.

SillyCoconut

Apna10mo

I would look at it as worthy if

You can’t find a similar themed MF
9k is <1% of invested amount, this what you would pay otherwise a MF - so you need to invest 9L
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

WobblyMuffin

Stealth10mo

9L is big amount for me to put in one bucket.

SillyCoconut

Apna10mo

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

WobblyPanda

Angel One10mo

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.

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