The American voting is already at an advanced stage with significantly more voters preferring to use the postal ballot. By November 3rd, we will see the highest voter turnout in recent history. This election will be influenced more by those who decide not to vote than by those who vote.…
We have a week left before America makes up her mind on the next President. Unlike previous elections, this one seems to be going to the wire. And we don’t quite know the ground realities. A polarised polity and media have made judging the public mood almost impossible. Under the…
Surprisingly, most people have the wrong ideas about financial planning. Financial Planning has often been confused, misconstrued, and mistaken for almost everything except what it truly stands for. The myriad financial planning of myths floating around adds to the chaos. In this blog post, we’re busting the ones we…
Secular behavior isn’t driving the sustained momentum in our markets. Just about 100 stocks are keeping this market up. The bulk of scrips trading in our market is way below their pre-COVID-19 highs. Clearly, the market indices don’t tell the real story. Narrow momentum drives this. This momentum is concentrated…
Here is the Transcript if you would like to read instead: Jayalakshmi: October is World Financial Planning Month. To us, the benefits of having a financial plan and following a methodical approach to wealth creation are obvious. Many still believe that working with a professional financial planner isn’t worth…
Looking for PMS vs MF? When it comes to equity investing, investors often question the difference between mutual funds and portfolio management services. There is a host of written material online that compares and contrasts the two and guides investors to decide which one would be the right fit. We believe that PMS and…
The week saw a sustained rally in defensives. While pharma held steady, tech stocks showed tremendous strength. Towards the weekend, financials joined he party lending stability to the indices at higher level. The regular rotation of sectors, gradually rising valuation trend, and rising retail participation in the markets made for…
The drama of the American Presidential polls promises to keep stock markets volatile for the next few months. Like politics, markets are acutely polarised. A large part of the polarity is political. Business houses which are favourably inclined to the incumbent party have seen their valuations skyrocket. Corporate actions at…
“Someone will always be getting richer faster than you. This is not a tragedy.” – Charlie Munger It’s not easy to be a fixed income investor in this market. If you mustered the courage to take more risk, you were knocked out by defaults. And if you sought safety, returns…
The speed at which stocks rerate excites us on the way up. But, they can also rattle us on the way down. Derating is happening at the same time as rerating. The concurrent course of events is not new to our markets. When euphoria sets into one part of the…
This blog was updated on 14 December 2020 Senthil sipped a warm cup of Suleimani Chai and watched the coconut trees dance to the wind. “This is life.” he thought to himself. He knew that he owed this moment of bliss to financial planning. NRI Status At forty-five Senthil…
Recency bias in markets is evident. Funds are desperately trying to ensure their participation in the performing sectors and stocks. This means buying into fast-rising stocks at higher valuations. Their universe is restricted to 500 stocks and they are sticking to that space. What is going on outside this space…