Valentine's Week is over but let us still give you some love advice for free.
It is great to love a guy, gal, your family, dog, cat, country etc.
But you must NEVER EVER fall in love any stock or investment.
An investment has one purpose and one purpose only: to multiply your wealth.
Look elsewhere for your emotional satisfaction & you will end up wealthier.
Be wary of any fund manager too who says, 'I love this company', 'This is a high conviction trade', 'I want to hold this forever' and other statements of the kind.
As a corollary: Never romanticize or 'storify' your investments. Your biggest mistakes will happen when you become emotionlly involved with your stocks. Save that for your significant other.
And when you publicly talk of your investment stories, you tend to get wedded (pun intended) to them which means that your mind won't change even when facts change.
The buy and hold stories giving huge returns that appear so seductive in hindsight suffer from huge survivorship biases.
More on this some other time but if you look at how the Sensex composition has changed over 40 years, it will give you some food for thought on how companies, sectors go in and out of favour.
Nothing is till death do us part, except your love relationships.
From the desk of
Shankar Sharma & Devina Mehra
Want to open your PMS & Global Investing account with us? Email us on [email protected] and we will get you started super fast!!
Economists Think Dollar's Fall May Explain the Recent ‘Rally’ by Steve Liesman
Einstein taught us about relativity in nature. Now come Devina Mehra and Shankar Sharma of First Global to teach us about relativity in financial markets -- and raise some serious questions about just what is driving stock prices.
First Global reports are quite credible and, on occasion, more than that.
What prompts this mention is Intel's earnings report and the fact that First Global has had a pretty good bead on the company and its stock.
AMD up again following First Global upgrade to ‘buy’ (AMD) By Tomi Kilgore
Analyst Kuldeep Koul at First Global upgraded Advanced Micro Devices (AMD) to "buy" from "outperform," given the "exceptional traction" that the chipmaker's Opteron line of processors has been able to get.
Baidu Climbs on First Global’s ‘Outperform’ Outlook
Baidu Inc., the operator of China’s most-used Internet search engine, rose to the highest price in two weeks after First Global rated the shares “outperform? in new coverage.
Personality counts: Walmart's frugal, but Target charms
"It's better to take a slight hit on [profit] margins and keep on moving and inventing," says First Global Securities. And at least for now, Target is inventing in a way that appeals to consumers with money to spend.
Dead Batteries
At 11 times trailing earnings, Energizer is cheaper; Gillette's multiple is 25. But cheaper doesn't mean better, says First Global.
Bipinchandra Dugam @bipinchandra90
@devinamehra @firtglobalsec
invested in both GFF-GTS and Super I50. Thank you very much for such wonderful investing experience with completely new approach. In my 15years of investing first product I felt which close to what customer want.
Shishir Kapadia @shishirkapadia1
@firstglobalsec @devinamehra
by far you are the best, I have not come across transparency, acumen, global expertise, exposure, protection of capital, delivering return from any fund/ fund managers. Invested very small size in 3 products will keep on increasing it over the period
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