WobblyMuffin
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?

15mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
FluffyKoala
FluffyKoala

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

WobblyMuffin
WobblyMuffin

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

SillyCoconut
SillyCoconut

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
SquishyBanana

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
WobblyMuffin
  • 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
SquishyBanana

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
TwirlyJellybean

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
WobblyMuffin

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

TwirlyJellybean
TwirlyJellybean

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

SillyCoconut
SillyCoconut

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

WobblyMuffin
WobblyMuffin

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

SillyCoconut
SillyCoconut

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
WobblyPanda

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.

ZippyNarwhal
ZippyNarwhal

Not sure about this one, but one of his options focused smallcases tanked more than 70% in 2022/33

WobblyMuffin
WobblyMuffin

Damm

Discover more
Curated from across
Personal Finance
by FluffyBobaFounder

How does one find a wealth manager

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...

Personal Finance
by FloatingMarshmallowGrab

How can I optimise for better returns?

Hello,

I have been using indmoney stocks SIP for a while now and have been able to accumulate a good portfolio in stocks. The overall return has been hovering around 18-22%.

The portfolio comprises of common and wellknown large caps,...

Personal Finance
by PeppyMuffinConsultant

Alternate Investment

Indian stock has given an illusion that it will always rise with the same rate as post-covid. What other areas to invest? Around 20k per month is what I have spare.