Tag: You

The edges of being a salaried Investor

Bored with your job ? Sick of taking orders all day ? You are not the only one who is thinking of becoming full time investor, but before you take the plunge, I want to persuade you to remain in your job and continue as salaried investor (SI)

A salaried investor has tremendous edge over a full time participant in market, What are those edges ? Let explore them

Your bread is not dependent on returns from markets

This is an obvious edge, bear market or bull market, you take home a salary thereby ensuring basic necessities of you and your family is taken care of, you don’t have to sell your shares in distress to pay bills.

You will be less stuck to the screen

In any competitive job, no company will leave you without extracting 60-80 hours a week, which means you will have limited time outside work. This is great as you will miss the daily swings in markets, as Daniel Kahneman wrote in “Thinking Fast and Slow”

Closely following daily fluctuations is a losing proposition, because the pain of the frequent small losses exceeds the pleasure of the equally frequent small gains. Once a quarter

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Download an ebook on Warren buffett partnership letters

Jim Rohn famously said,

You are the average of the five people you spend the most time with

As a young investor starting out it would serve you well if you can spent time with Warren Buffet (vicariously) by reading his fantastic letters

At Tankrich – We have taken an initiative to share his learnings through our video channel

This week having finished the partnership letters I thought it would be good if I could document those learnings in a single place

After few weeks of editing here is the final copy for you on Learnings from Warren buffett partnership letters

Below is Table of content of this ebook

Download a copy by sharing any of the above social links (I do this so that this reaches maximum people through your social networks)

If you are reading this in your inbox go to this link to download a copy

Building blocks

  1. What should be focus of long term investor
  2. Surest means of profit is value investing
  3. Think long term to evaluate performance
  4. Beating index is very tough
  5. True conservatism
  6. Magic of Compounding
  7. Price is everything aka Margin of Safety
  8. Cigar butt as a group works out to be a good

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Why you should not mix emotions and investing

I love the below quote related to emotion and investing

Emotions can be a great asset in life, but when it comes to investing, they may be a liability

Very important line and one needs tremendous patience and practice to avoid mixing emotions with acumen when making an investing decision

Let me tell you story of Anil, a retail investor,and how his emotions cost him dearly

Few years ago his friend told him about an established NBFC Bajaj Finance as a stock tip, he looked at the company’s ticker it was INR 88, he added stock to his watch list and waited for price to drop so that he can buy

Bajaj-1

 

 

 

 

 

 

 

 

A year went by and one day while browsing prices of his watch list he was stuck, Why ?

Bajaj-2

 

 

 

 

 

 

 

 

The stock suggested by his friend has moved almost 50% up, there was huge guilt in him on having missed 50% returns but then he consoles himself by saying ‘We can’t make money on every stock in markets’

He thought this would be end of his story with Bajaj finance, but almost a … Read the rest

Why I maintain a free subscriber only Model Portfolio ?

After my last monthly newsletter to blog readers, I got few questions on Model Portfolio. I am penning this post to answer most of those broad questions that came my way

What is Model portfolio ?

Model portfolio is a collection of businesses at a point in time which in my humble opinion has ability to deliver superior returns over a three to five year time frame over benchmark indices (mid cap / small cap). The operating word here is ‘ability’ (not promise)

Investors should very carefully decide his/her risk appetite and the returns expectations, as not everyone’s situations is same. As a prudent investor first

  • Determine your willingness to take risk  – Are you an emotionally a person who can handle risk ?
  • Ability to take risk – Does you economic situation allows you take risk by investing in equity

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Make this little changes at your workplace

WordItOut-word-cloud-327657Are you the one who has to withstand daily grind of attending meetings, sending emails, managing bosses, organizing diaries and paperwork  and overtime?

Are you in search of ideas to improve your workplace effectiveness?

If the answer to any of the above is yes – Read on

The work component is very crucial component of our everyday life with almost one-third or more of our time spent in that component, add to that the pressure to excel and be the best in work.  Here are few small changes that we can embrace

 

1. Manage your energy not your time – Most of us respond to increasing demands in the workplace by putting in extended hours, which inescapably take a toll on us, remember time is definite however energy can be methodically expanded and habitually renewed.  If managed well expanded capacity means we would could do more in less time. Now how do we manage and expand energy?

Tony Schwartz in his best-selling book The power of full engagement recommends managing energy by establishing specific rituals – it could be simple rituals like going early to bed to get up early for exercise or scheduling ‘recover time’ in your office … Read the rest