I’m not an employee of any company. I quit working for someone else in 2008. I tried selling car insurance for 2 years (Since I was working for a general Insurance company then) and quit in 2010. I also tried other financial products including LIC, left all in 2010 to concentrate on trading, Have been a full time trader since 2011.
Assetplus is a MF platform just like Groww, etc. It is for regular funds only. Some MFD use it. I love it. One of the investors in assetplus is Zerodha Rainmatter.
BTW, please highlight where you find me selling myself or anything else. Please check before pointing.
I said that the WHY is more important than the HOW. Shifting to direct funds is good, only if you know how to navigate the investment journey. Otherwise it is BAD. Most investors don’t, so better stick to regular funds.
Regular funds help you retain the profits if the MFD is good (More often than not they are). This is not selling
Nonsense, more twisted logic.
its still 20% of your gains. If 1cr becomes 11cr, you will instead have 9cr so something like that. And this gap will keep increasing,
No sane person who can select funds himself will use regular funds, and i am sure you know it too. This whole thread is now an example of how MFDs sell.
What obviously??? Majority investors start investing in MF only after years into career. They hardly have 20 or 25 years before they retire. After that it is the harvesting stage, not investing.
Few like you might take up activity of trading, etc. Most of them don’t. I definitely will not want to trade after a decade or 2. I want to retire and enjoy my life.
There is a thin line between sanity and insanity. Many people don’t see it. I don’t blame anyone. I prefer ease over 1% point. That difference I’ll make up with my investing strategies.
Also I don’t like articles that don’t mention full facts. Plus this is not even Indian I think. Talk facts and figures. They never lie. Everything else can (Maybe even some rotten MFD’s but not the majoirity)
Again confirmation bias. To the logical person who looks beyond what social media wants to show, this thread would be informative. There would be someone like that. I’m sure.
Also why would I leave the forum. I love debating when the facts and figures are on my side.
Please guide where numbers are being ignored and underplayed???
Data can never be twisted. Assumptions and conclusions can. Look at the data and form your own conclusion and then look out for other conclusions and the reasoning behind them.
We are traders aren’t we??? Objectivity is in the JD. No doubt there are so many losers
A good movie line says “Never trust Ardh Satya (half truth). They are more dangerous than outright lies” Look out for the half truths friends.
Yes. I am talking about your conclusions.
Theres been plenty of data points provided by @SpacemanSpiff that proves why Direct MF is better for most - and also to prove how commission-eaters misrepresent and ensnare clients.
what exactly is the flaw in losing 20% every 2 decades ? What was wrong with the link ? How does it matter if its not indian ?
There is 0 justification for someone who can select funds himself to use MFD in the name of ease of use as alternatives are easy to use too and a little bit of effort too is well worth it. And that is not small money. 20%-30%+ of lifetime earnings is not small money.
You have been misleading from the start, name calling owner of a a good site ( definitely sour grapes ), not disclosing conflict of interest, claiming that you use MFD to avoid selecting funds before you got found out ( your own advice not good enuff huh?)
Even if you are not selling here, perhaps you have started believing your own twisted logic that you used to sell earlier.
so hard to take you seriously now.
Anyway, i hope you provide good value to your clients and steer them through inevitable tough periods. This is no longer going to be productive and this thread is wrecked anyway…
The flaw is not in wanting not to lose 20% in 20 years. If you have the ability, then you need not. But don’t advise it as universal truth. It is not.
We are investing in Indian markets (Atleast me and my investors only invest in INDIAN smallcap funds and midcap funds), so better debate Indian numbers. Your arguments might be true in developed markets, I’ve not studied them. They are only partially true in Indian markets. Partial truth is more dangerous than outright lies.
I don’t find the apps easy to use (My personal opinion), so I use what I find good. So far as the 1% difference is concerned I (and my investors) know that I can make up more than that using my strategies. I’ll definitely make more by using the apps, but I’m not comfortable. I believe ease of life is more important than earning extra 1%. Personal opinion, not for debate.
I only informed what the “good site” owner does. Not walking his own talk. I wonder how you find that OK but not me using regular fund app for easing my life. Funny.
BTW, I’ve confronted the professor in various social media. He never responded. I’m open to debate with the big man himself, just bring data on the table. FACTS and Figures including data of stopped SIP’s and redemptions of direct and regular funds.
There was no conflict of interest, so it never occurred to mention. I’ve rectified that mistake now. Thanks to tallerballer.
I still say, I use regular fund app (connected to MFD’s but not me) for transacting. Where is the conflict in that??? I never said that I use MFD to select funds, review them, etc. I said it is better to use MFD for a common man. There is a difference.
I’m not selling here. I do that on Quora, that too few times when I write an answer, not debate. My twisted logic has been giving results which my stake holders are happy with. I guess that’s what matters.
You will not take me seriously now. If you are well equipped, maybe never. Neither will most people here. Lot of confirmation bias around. But many will, especially in a bear market. As I said earlier, lets talk in a decade or so.
I sure will steer them towards their goals. Thats my job
I also think too much negativity around for small ray of positivity to flourish. Lets stop the debate.
All the best to all. Let sanity prevail
P.S - I hope everyone is enjoying the move in Nifty. My target is reached and I’ve stopped trading till next Thursday.
