"I handed over my cheque in March, but they never invested for 3-4 weeks.”
The Investing Journey of a Senior Fortune 500 Executive: A Fascinating Read
We got this recently from a client of ours, who is a senior executive in a Fortune 500 company and is based in Stuttgart, Germany.
His investment journey may appear familiar to you.
(Do read till the end, because something is interesting there!)
One of chasing "multi-baggers," dashed hopes from Mutual Funds and bad advice from so-called "Investment Experts."
Here are glimpses of what he writes:
"I then handed over my cheque in March.
To my surprise, they never invested for 3-4 weeks, and it is only in hindsight I understood that they already read the market situation and the consequences that Corona will bring to global markets.
This meant I never made any losses when the market crashed in March and they went 100 fully invested from 1st April.
Since then, I can only see my portfolio only in green!"
"First Global management took the onus and explained to me the importance of diversification across assets and markets – be it equity, gold, gilt and international stocks…"
"I now wonder how uneducated I was to ignore other asset classes like bonds, golds, commodities ETF…."
"I am impressed with the risk management. With the right approach, they know when to enter but also when to exist emotionlessly."
"Most important is that they do the asset allocation across geographies and asset class."
Here's the unedited story straight from his mouth!
Dear Friends,
Guten Tag from Germany! I am a senior executive working for a Fortune 500 company!
I would like to share my experiences and my wealth creation journey in short. I do this with the intention that others can benefit and if possible, avoid my mistakes and failures and create wealth for themselves, family and for society (eventually).
Phase 1:
Stock markets have always excited me since I started to work since 2004. I wanted to emulate my grandfather, who was fortunate and smart enough to have invested in IPO of HDFC Bank, RIL, HUL etc. and generated wealth for the larger family!
Of course, he was a CA, and he knew what he was doing! On the other hand, I studied engineering, and what I learned was that in order to make wealth, I need to hold on stocks for ages, and the compounding machine would work and create magic. I just chose this aspect from my grandfather and ignored other vital factors.
Now the question is, what did I make after 15 years of investments and holding stocks forever? Unfortunately, the stocks I picked and held were wealth destroyers – to name a few GMR Infra, DLF, Jain Irrigation, Amtek Auto, Bhushan Steel, Prakash Ind, Satyam ... the list is endless.
I was indeed able to hold stocks but definitely, I failed to choose the right ones and destroyed my capital, which is sin number 1 to survive in market. (I read newspapers, websites and even took recommendation from few analyst by paying a fee but nothing worked)
Phase 2:
I then started to invest in the mutual fund via SIP based on the recommendation from Financial Advisor, accepting the fact that I will never be able to pick a multi-bagger, and the desire was now only to make 10-12% per year.
I accepted the portfolio construct, which was fully equity biased and posted COVID the portfolio sunk in line with the market. I just accepted it as my fate or bad luck.
It was now impossible for me to speak about this with my wife and father!! It looked like I was never made for the stock market, and it indeed was gambling ‘reminded me of the sour grapes and fox story’..
Phase 3:
Call it luck or destiny, I had viewed some videos of Mrs. Devina Mehra, and I can only say that what they spoke made 100% sense and they came across very authentic people and institution.
I decided to reach out to them via LinkedIn, and the process worked seamlessly and quickly. Mrs. Mehra herself clarified many of my questions, senior people from India got in touch to help me onboard and further handhold, including clarification of taxation issues. Wow!
I then handed over my cheque in March.
To my surprise, they never invested for 3-4 weeks, and it is only in hindsight. I understood that they already read the market situation and the consequences that Corona will bring to global markets.
This meant I never made any losses when the market crashed in March and they went 100 fully invested from 1st April.
Since then, I can only see my portfolio only in green! I am not sure what I would have done if the portfolio tanked.
When I was wondering what and how I need to invest, the First Global management took the onus. It explained to me the importance of diversification across assets and markets – be it equity, gold, gilt and international stocks… They baked the perfect Pizza, which my Financial Advisor failed for Mutual Fund investments.
Phew, I would have never have been able to do this in my lifetime! I now only have to see my money grow for my retirement and kids’ education.
Markets up and down and individual stock movements no longer bother me ….not only that, I wonder how uneducated I was to ignore other asset classes like bonds, golds, commodities ETF….
Summary my conviction!
Truly, First Global is ‘Hare-ish’. What I like and what makes them stand out
They know what to invest and when to invest! I have seen them exiting and buying stocks without so-called glorifying companies.
I am impressed with the risk management. With the right approach, they know when to enter but also when to exist emotionlessly with right stop losses. E.g., how they sold out of consumers when herd moved to buy them.
Most important is that they do the asset allocation across geographies and asset class, and this is something I learned, and I am convinced is critical for sustained wealth creation.
We all know data is the new oil and have seen how the fortune of Reliance has changed. I can only say that again, First Global is probably a few of those who make unbiased decisions using their man-women and machine model. Data keeps us sane!
Finally, the whole team consists of gems of individuals who have worked with the company for more than a decade. I spoke to a few of them and asked how long they worked and have they made good living etc. Employees said they were treated well, and this is very important for me as investors that culture breeds the right attitude.
It is important to take care of employees as they take care of our wealth!
From the desk of Devina Mehra
If you want any help at all in your wealth creation journey, in managing your Investments, just drop us a line via this link, and we will be right by your side, super quick!
By the way, you can also WhatsApp us on +91 8850169753
Chat soon!
Trusted Financial Advisors to some of the world's largest Funds, Institutions & Family Offices, for 30 years
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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
Piyush Bhargava @PiyushB88762654
@devinamehra @firstglobalsec
Thanks you team FG specially Devina, my investment doubled in less than 3 years in SDPB As a investors & PMS distributor of your product looking to have a long-term relationship with the company.
@KarmathNaveen the person with whom I always interact
Sumeet Goel @GoelSumeet
Very happy & relaxed to be invested with first global pms
Shishir Kapadia@shishirkapadia1
Congratulations on super performance, above all transparency and systematic process are unmatchable.
One must opt this, if person consider him/her self as an investor. Very happy to be part of this since invested. FG has managed worst year (ie 2022) so efficiently and skillfully.
SY @SachinY95185924
With so much of volatility in the market, risk management is very important part & considering that FG is doing awesome work!!! Kudos to you Chief
Amit Shukla @amitTalksHere
Truly outstanding. As a retail subscriber to #fghum #smallcase, I can vouch for the Nifty beating returns (8% vs 3%) in last 1 year. Keep up the awesome work @firstglobalsec
We can load above testimonials on site as a scroller, and just below that we can add a section for compliments . Below tweets are comments and praises are related to our content, performance and some our direct compliments to you.
ADIT PATEL @ADITPAT11226924
Good team...
Special mention @KarmathNaveen .. he is soo helpful anytime of the day or night..
Hindustani @highmettle
Bought Peace with FG-Hum.Moving all funds from DIY investing to well managed and diversified PF at low cost.
It has doubled almost, excellent pick.Every small investor must invest in her FG-HUM Smallcase.
Suresh Nair @Suresh_Nair_23
I have 8 small cases and your has been the most rewarding ones .. thank you Devina.
Sayed Masood @SayedM375
There is absolutely no doubt that she is one of the best investors of India in modern times but more importantly, she shares the most sincere and sane advice with retail investors.
SY @SachinY95185924
Wow Superb Returns🔥 Congratulations Chief for being Number 1 among all PMS!!!
You are one of the sharpest mind in Global Stock Market
AnupamM @moitraanupam
Congratulations Devina, results talk in itself!
Abhishek @simplyabhi21
Congratulations ma’am @devinamehra ! The consistency you have in maintaining the top rank position is outstanding! 👏
Mihir Shah @Mihir41Shah
We are learning More about markets (& Life ) thanks to U than we learnt in our Professional courses.A BIg Thank You, Wish all get Teachers Like You!!
Sumit Sharma @MediaSumit
"The ability to be comfortable with being outside consensus is a superpower in investing...and in life." Devina ji hits the nail on its head!
Majid Ahamed @MajidAhamed1
Congratulations @devinamehra mam! All the best for long term returns as well.
Vinay Kumar @VinayKu05949123
This is the wonderful session I have ever attended till date. One of the most fruitful hour of my life. Devina madam, ur clarity on financial mkts is simply superb.The way u portray the facts supported by "data" about stock mkts is really astonishing.I will listen again.Thanks.
VIJAY @drippingashes
I loved to read your journey, insight and philosophy. It's a pleasure to read and know of your takes on market and life.
MNC🏹 @Focus_SME
Check & follow @devinamehra's timeline for lots of post debunking such rosy stories. Also, she gives amazing 🤩 sector directions/hints.
KLN Murthy @KLNMurthy2016
Good actionable insights, great article!
Suresh Nair @gkumarsuresh
Devina Madam is simply terrific... good knowledge, straight and simple thinking.
Very difficult to emulate such traits. I listen her past interviews from youtube.
Respect...!!!!
DD @AliensDelight
One of the brightest minds in the world of finance :)
Radhakrishnan Chonat @RCxNair
📣 Calling all investors! Just had an incredible interview with @devinamehra, Chairperson and MD of First Global. We discussed the importance of global diversification, effective asset allocation, and the risks of sitting on the sidelines. Trust me, you don't want to miss this!
siddarthmohta @siddarthmohta
Excellent performance. Flexibility is the key as you have mentioned it earlier also. Cannot have finite rules for infinite mkt opportunities.
Boom (বুম)@Booombaastic
To be honest, the insights which Devina madam brings in is very enriching..have learnt a lot from them...
Himanssh Kukreja @Himansh02428907
One of the most accurate analysts :)
I always look forward to you interviews mam
Abhijeet Deshpande @AbhijeetD2018
Madam, It is always a treat to read your insight, not only on business but on other topics also!!
Dada.AI @dada_on_twit
Thanks for this wisdom ma'am. Always love hearing your thoughts on everything equity. :-)
adil @zinndadil
Excellent points!
Can clearly feel this thread is a product of marination of many books and years of experience. 👍
Kamal thakur @Kamalgt10
Superb !!
Your knowledge, analysis & articulation is simply great 👍
Tanay @Tanay36232730
Follower on Twitter and Subsciber on YouTube of First Global, really helping me in my investment desicion. Thanks
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