Optimism, to an investor, is definitely proverbial. As if that is not enough, it often is even perpetual. Rarely, do successful investors start predicting doom. As a not-so-great year is winding down, we find most investor-led narratives about 2019 to be ranging from pragmatic to optimistic. This runs contrary to…
Retirement is meant to be an enjoyable and stress-free part of your financial journey. To make the most of your retirement, you need to take advantage of time. The choices that you make in the years preceding retirement play a crucial role in determining the quality of your golden years.…
There are times when investors misread markets and there are times when they fail to read markets and simply feel lost. 2018 was more a year of the first type. 2019 runs the risk of falling under the latter kind. As US markets keep hitting new lows, investors in India…
In an effort to deepen debt markets, SEBI has mandated that large corporates should raise 25% of their borrowings from the debt market. Large corporates are listed companies who have outstanding long-term debt of more than Rs. 100 Crores and a credit rating of at least AA. When it comes…
The markets were expected to fall. Electoral reversals and the surprise resignation of the RBI governor came together to stun markets. Surprisingly, our market shunned these fears and swiftly moved on. Why did this happen? Indian macros are clearly improving – low inflation, soft oil prices, and better rupee valuation…
Podcast Transcript Now that the noise and din have settled down a bit, let us try and think of what the future holds for us. In this podcast, I try to look at three things. Leadership Lead indicators and Long-term investing. Leadership matters the most. Whether for the government,…
Investment Strategy It looks like we are near the top of the interest rate cycle. Although this cycle has been shallow, there is still time to act. Bond yields have been consistently dropping and this is likely to continue until the end of the cycle. For investors already locked into…
The extension of single party rule in India is now clearly off our radar. The 2019 general elections will be won on the strength of alliances. Obviously, the ruling party will need to reboot its strategy while the opposition suddenly seems to have begun its preparation earlier. As investors, we…
The FIIs are back. November clearly showed a change of mind. The DIIs continue to receive money from domestic investors. It is in this scenario that we go into the last phase of state elections. If the verdict in the five states is not too adverse, we could see a…
Podcast Transcript Mindful investing can at first glance sound abstract. When we define different ways of investing, we mostly find empirical ways of describing them. We quantify why we want to do something. We are able to rationalize our thoughts clearly through numbers. That makes it easy to reason.…
Forward-looking statements are always a problem. Companies are not supposed to issue statements which could potentially mislead investors. Investment managers habitually exercise restraint in this area. They are very careful in their communication about future investment performance. Mostly, the commentary is merely sentiment related and generic. Signals about the future…
Investment Strategy: As we move into a rising interest rate scenario, the focus shifts to high-quality low-volatility investments. Our strategy has been to construct a layered portfolio by locking into high-quality investments at different yields. At this juncture, short-term AAA investments make the most sense. Contact us if you would…
