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Actual earnings by trading in market recd by me as investor:
2011-12 22%
2012-13 16%
2013-14 6%
2014-15 15%
2015-16 13.5%
2016-17 6%
2017-18 20%
2018-19 23%
All are after expenses like charges, brokerage, management fees etc.
Avg Mgt Fees 2% Corpus
2011-12 22%
2012-13 16%
2013-14 6%
2014-15 15%
2015-16 13.5%
2016-17 6%
2017-18 20%
2018-19 23%
All are after expenses like charges, brokerage, management fees etc.
Avg Mgt Fees 2% Corpus
The years we made only 6% were the years we tried systems which were not trend following and a lot of discretionary trades were taken.
In 2016-17 we chickened out on a discretionary position in Bank Nifty and PNB which if held would have enhanced the returns by 8% further.
In 2016-17 we chickened out on a discretionary position in Bank Nifty and PNB which if held would have enhanced the returns by 8% further.
All through these years we leveraged our exposure only around 2x.
Today majority of our systems (80+%) are trend following.
When we are shown any system which is not trend following if they are discretionary we reject them however profitable they may seem to be on record
Today majority of our systems (80+%) are trend following.
When we are shown any system which is not trend following if they are discretionary we reject them however profitable they may seem to be on record
Net to net our experience tells us to limit our expectations to FD interest and any excess delivered to us we save for eventual problems.Max drawdown we had faced is around 8% of Total Capital. Invariably these drawdowns are immediately after a big trending move.Plan accordingly
Summing up never expect market to behave consistently. And believe in your systems over a long period to extract it's best performance.Capitalise your account sufficiently. Remember this: If market whips you a lot,trending is just around the corner. Be patient for it to play out.
Read that as Management expenses and not fees.
