We are in a structural bull market
We see favorable valuation in select pockets
We're sticking to competitive franchises with strong earnings growth
We're selectively buying at this juncture
We're cautiously optimistic about the global economy

economictimes.indiatimes.com/markets/expert… Image
We're not bullish, but we're not bearish either
Markets have run up substantially but investors should invest as much as they can
Profit booking is not advised
It may be a bubble, but no one can say
We advise investors to continue buying on dips
Markets are frothy but not investing is a bad idea
Investors should continue their SIPs
Investors need to have a long term horizon
The India growth story is still intact
We analyze top-down but pick stocks bottom up
We're in a new normal
This is a brave new world
Valuations are stretched but we're sticking quality at reasonable prices
Investors should focus on their asset allocation

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More from @passivefool

15 Mar
Pretty much all personal finance books, blogs, podcasts I've come across can be summarized as:

1. Start saving early
2. Spend less, save more
3. Don't take debt
4. Avoid credit cards. Use them only if you can manage them
5. Avoid stock picking. Stick to low-cost index funds
6. Don't tinker with your portfolio frequently
7. Rebalance your portfolio -regularly/annually, etc
8. Avoid thematic funds, hot funds, fancy structured products, commodities, etc
9. Don't do market timing
10. Avoid bank RMs and insurance salesman
11. Have a funny money account. A small part of your portfolio where you do dumb and crazy shit.
12. Get health insurance and term insurance
13. Simple always beats complex
14. Have a will
15. Budget your expenses. Don't budget as long as you save enough
16. Asset allocation
Read 8 tweets
21 Jan
Investors might make money or lose money in this rally. But all the snake oil salesmen and gurus will make a killing off all the unwitting traders and investors who are driven by greed and are desperate to make money.
Several scammy profiles have have 50K, 100K+ followers and are just blatantly peddling stock tips, options calls etc and all these traders and investors are flocking like flies to a piece of turd.
And it's working so far, but when this party ends, whenever it does, all the people who followed these illiquid small-cap gurus will be in deep trouble unable to find a bid even if they want to sell.
Read 5 tweets
19 Jan
Trickle and then a deluge 👇
Slow but steady growth in index fund AUM. for all those people crying about then, there's about 1.5 lakh cr in large funds and just 12000 cr index funds for comparison. Excluding g the EPFO ETF allocations.
I don't think this number will dramatically change until we have a mega market crash. Crashes are the only things that seem to remind investors how most actively managed mutual funds are useless.
It took 2008 for Index fund/ETF adoption to see a hockey stick growth globally. And it will the same here. Given the steady rise since 2014, most investors have seen some green in their portfolios which means they haven't looked closely at the performance they're getting.
Read 9 tweets
16 Jan
It's a beautiful Saturday on this Corona riddled planet. It's a good day to do the following:

1. Open your account statement and find out how much commissions you are paying. You'd be paying anywhere between 0.7% to 1.3% extra over direct plans.
1.5 You can download your statement on CAMS, KARVY, NSDL etc.
2. If you are one of those Robinhood Traders and you started mistakenly investing in mutual funds instead of trading mutual funds, commissions can kill you! A simple 1% difference in commissions can add over 10-15 years. This comparison has been done to death but once more.
Read 26 tweets
14 Jan
What a story this is. Global ETF and ETP assets at US$7.99 trillion. Millions of small investors across the world getting low-cost diversified access to stocks, bonds and Marijuana ETFs and savings billions in fees.

etfgi.com/news/press-rel…
Although ETFs are orphan products in India, one day in the next 7 to 10 years, ETFs will surely see growth in India. Won't happen before the next beat market happens though.
From about 50 ETFs 2-3 years ago, we're ate 100 ETFs now. We're seeing new bond ETFs aper from those 10 year gilt ones, we now have an emerging line up of smart beta ETFs. That's progress.
Read 5 tweets
14 Jan
This 👇

This might seem like another "we need financial literacy" tweet. But to me, it's not, here's my theory:

This speaks volumes about the existing system. It's clearly not working for a whole lot of people, particularly the non English folks and young people.
The product sellers are partially to blame. The nonsense they spew in the name of "financial education" is an insult. All those god awful videos and nonsensical garbage masquerading as "content" is enough to make you wanna gouge your eyes out.
This is even worse in the insurance industry where selling trumps everything. And given that banks are the only source of financial advice most people have access to, the problem has reached nightmarish proportions.
Read 11 tweets

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