On Sunday,1 Feb,2015, I had attended an investor meet conducted by Pattu of Freefincal.Com
The first session was by Pattu by FreeFinCal. He spoke about goal-based inflation, accounting for inflation etc
His presentation can be downloaded from here
The next session was by Uma Shashikant on Direct Equity.According to her:
- Buying individual stocks and succeeding is a matter of luck
- Investors can beat the market only if they have a concentrated number of stocks but then they run the risk of losing very badly
- Instead of investing directly in equity,investors should invest in index funds or diversified mutual funds with a satisfactory record
The next session was on retirement planning by Subra of Subramoney.
According to him:
- A common myth is expenses go down after retirement.It actually goes up
- People should save as much as possible for retirement…for a 35 year old,retirement savings per month should equate monthly expenses
- Retirement planning should consist of Equity/Debt mutual funds
- Stay away from instruments which have the word “pension” in them
- Not very keen on real estate in retirement planning
Post lunch,Sharad Singh of TheFundoo.Com took over.According to him:
- Winning Mutual Funds can be predicted
- His site has plenty of analytical tools which can help an investor select the right mutual fund
The last session was by Amit Trivedi on Debt Mutual Funds.According to him:
- Interest rates can’t be predicted.Hence better to be in debt funds which have short maturities
- Bet on long term gilt funds if you think interest rates are going down
- Bond Fund Managers have not been able to generate meaningful alpha for their investors.