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?
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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..
- Are you a regular investor in stocks?
- How long have you been investing ?
- What outcome are you trying to achieve by buying subscription ?
- 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 .
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.
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.
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
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.
Not sure about this one, but one of his options focused smallcases tanked more than 70% in 2022/33
Damm