Thread by @shyamsek

Time to take stock. It is 29 months since @ithoughtpms rolled out @SolitairePMS. We began modestly. We kept it simple.
Fixed fees.
No distributors.
No promotions.
No influencers.
No model portfolios.
Bespoke portfolios.
We wanted to build a feature rich, investor centric PMS. 1/n

We invested gradually. Even as we finished deploying in Feb 2019, covid struck. Clearly, our portfolio was not exactly positioned for a pandemic. In fact, we had the wrong positioning.We were overweight pandemic victims. But, we stuck to our approach & built on opportunities. 2/n

The strategy gradually began to work. Interestingly, it worked superbly for investors who believed in the philosophy & scaled up using the opportunity. Multibaggers that investors wished to own simply landed in portfolios. Stocks found their rightful portfolio positions. 3/n

But, as we had expected, investors who wanted to scale up on seeing performance missed the bus in few super performing stocks. In any case, there was no question of starting in August 2019 & showing returns in 6 months. Our investment philosophy was never going to support it. 4/n

But the important thing about #SolitairePMS was its investment universe. We avoid lending companies. Banks & NBFCs were out. We were investing in biz with little or no leverage to build a lower risk PF.
The reason - we wanted to build a moderate risk PF that still delivered.5/n

When markets fall, it is easy to find stocks we really like. But, finding good ideas in a rising market can be challenging. Research must up it's game. #SolitairePMS has managed this part very decently. Our portfolio is hungry for capital to buy pedigreed must-own stocks. 6/n

Building portfolios diligently, constantly putting every tranche of incremental capital to diligent #PositionSizing has been most gratifying. Every PF gets built bespoke with care, correctness & caution. Each Portfolio is uniquely built reflecting the investor's discipline. 7/n

The investment universe of #SolitairePMS is what we constantly focus on strengthening. This ensures we have ample scope to do justice to newer, onboarding investors. Creating ideation headroom is critical for sustained investor success. This clearly has been our comfort zone. 8/n

Markets will always surprise every investment style. #SolitairePMS will see its fair share. But, clearly knowing what we want, setting the right standards & sticking to our product philosophy without compromise is our shield. Not doing too much is our ticket to doing it right.9/n

What can an investor do to ensure #SolitairePMS delivers.
Understand the philosophy. Believe in it.
Invest regularly.
Scale up.
Focus on what you own. Remember you are taking modest risks.
Do not try timing it too fine. Stay invested for 5 years.
Your success is ours. 10/n