Few months back I wrote, post about MPROFIT, a product for personalized portfolio management which is desktop based. In simple terms, this is solution for retail investors to manage/track their transactions across many different types of asset class. It simplifies many of the mundane tasks of portfolio tracking. Some of the highlights are:
- Manage an unlimited number of individual and group portfolios: This is good for all do-it-yourself investors. Almost all of us tend to manage different types of assets/buckets/type of portfolio.
- Manage assets like Stocks, MFs, ETFs, ULIPs, Insurance Policies, Private Equity, FDs, Bonds, PPF, Gold, Silver, Property, Art and many more…
- Online update of BSE stock prices, Mutual Fund NAVs and ETFs – I like this one
- Track income received from investments – I love this one
- Annualised Returns (XIRR) report – My favorite feature because I believe this has much more relevance in personal investing. CAGRs are nothing but mathematical jugglery.
- Online update for newly listed stocks, mutual funds, ETFs and company name changes
- All your financial data is saved locally on your computer – My preferred choice, I like my personal financial stuff in my own computer, especially in Indian context.
In addition, I like that team at MPROFIT listens to its customers. It keeps adding features that customers are looking for and makes more sense to individuals like us. The most recent update (v5.0) has added capability with different methods of “data importing”. Different ways to import data are: Continue reading rest of this article…
Recently, Aegis Logistics announced the issue of bonus shares to existing shareholders. It will issue two additional shares for every three existing shares. These so called bonus shares will be paid from reserves it has accumulated over a period of time. Before you read this post, I suggest you read my earlier post about what really is a Bonus Shares.
Aegis has accumulated a reserves of Rs 167 crore in last few years against equity capital of only Rs 18.77 crore. These reserves are nothing but accumulated profits. The company will issue additional 12.5 million shares and increase capitalization by additional Rs. 12.54 crore. The new capital base for Aegis is likely to be Rs 31.31 crore [18.77 + 12.54]. In this announcement, there is no indication or even a hint on why the company decided to issue bonus shares. It is up to financial media and investors to figure out. Continue reading rest of this article…
At regular time intervals, I like to discuss selective questions from readers of this blog. Many times, I discuss randomly with no particular theme. It is usually based on either intriguing questions or inquisitive questions or just that I like the question. Now that markets have zoomed higher relative to last year, most of these questions have slowly drifted towards buying price. I give priority to respond to all questions that come from regular readers of my blog. I make sure I give them my best response. Others, I may or may not, depending upon if I have time to get to them or whether they are good questions.
Today, I am reproducing below three emails that follow the theme of “what is the buy price”. Continue reading rest of this article…
As a do-it-yourself investor, I enjoy the process of investing much more than finding my next company I will invest in. Admittedly, the process is much more challenging than finding the winning stocks. Yes, you read it right! Investing process is very difficult in many different contexts. Managing the portfolio requires wearing different types of hats. Sometimes you have act and behave like a leader, sometimes play the role of manager, and on many occasions you work like an employee.
Most of the investors spend a significant amount of time in looking at the quantitative part of the company analysis. We arrange data in different formats, different time scales, compare with analyst, check out google to see what others have to say, etc. In short, search and screen multiple stocks, collect data, and present observations and results. This is all about execution and is similar to what an employee will do. Is that really important? Have you asked yourself:
- Why this specific type of analysis?
- How you determine earnings per share?
- Is it only necessary to look at last one year or last three year or more?
- Do you include dividends?
- How do you decide multiples?
- How do you decide value? Continue reading rest of this article…
ABB group, the parent company of ABB India, made a public offer to increase its stake in ABB India. The company wants to increase its stake from approximately 52% to 75%. The buy price being offered is Rs 900 per share (34% premium to May 14 closing price). As per the annoucement, the reason for increasing the stake is “facilitate the long-term development of ABB’s business in India”.
Investors like me, who are investing for long term and practice buy-and-hold philosophy, need to put these types of corporate events under the lens. Buy-and-hold in real life is not blindly holding any stock forever. What it means is; one should continue to hold the stocks as long as it is meeting portfolio objectives. And the investor has an expectation that it will continue down the path.
I have owned ABB shares since 2005. I believe this buyout offer is significant event. I should evaluate if it makes sense for me to continue holding shares in this company. Continue reading rest of this article…
In general, I have observed that it is easy for us to say, “I can do this”, “I will do this”. We tend to always say “yes” or “may be” for almost anything. Whether directly or indirectly, we hesitate to say “explicit no” for various reasons. Some of the reasons are; we want to keep doors open for us in future, we are not sure of certain things, many times somebody said so it could possibly have some bearing, on many occasions its just does not effect me so haan bolne mai kya jata hai, etc, etc. Same way we apply similar philosophy for investments (or trading).
Almost all of us have some strategy, some technique, and some approach, that we believe works. I am in the same boat. We jump on to something at a drop of a hat hoping it will work. Here also, the opinion or reason is so strong, we find it hard to say “no”. Reading few lines we tend to believe it will work.
I receive emails requesting my thoughts or opinions about a particular stock. Many times its just a one liner asking about the particular company, many times with certain news events, and many with little blurb about the company. If I do not respond in less than a week, then you should consider it has been ignored. Lately, I have bunch of emails regarding real estate companies. Is there an reason why suddenly so much interest in real estate companies? Continue reading rest of this article…
Ask this question to people across different spectrum and you will get as many answers as there are spectrums.
- Conservatives will tell you stock market is nothing short of gambling. It demonstrates lack of understanding what stock market really means.
- Broker will tell you buy today, sell tomorrow. It shows what is the motivation; jacking up transactions and fees. Holding for more than few days is not in his interest.
- I can go on an on like this …. but you get the point. Right?
We all want to succeed in making some good money, some quick money, and/or some money. It is my belief that most of the individuals will lose money in stock market over their lifetime. Whether we admit it publicly or not, it is a reality. I do not doubt that people sincerely want to succeed at investing, but the only issue is they do not know how. So they try to follow something that appears to be succeeding. A fund manager or business honcho mentions some stocks or strategy that is doing good in the market, and they jump on board. Only to realize later that they are late to the party. With little drop they jump off and then try to latch on something else, or many times they say, “I am out of the market”. It is a fashion to use market lingo’s. Continue reading rest of this article…
