I Made 180% With PMS But Not Satisfied

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#1
I used a PMS (Portfolio Management Service) that gave me 180% returns in a year. However, I am not happy because if I had managed my money and invested on my own, I wouldn't have to pay 40% to my PMS manager. This means I could have made much more returns.

I want to learn how I can start investing and what all things I need to know to get same returns. Can I quickly learn all this with one good book? I feel I ended up paying too much fees as in stock markets money can be made good. I had invested Rs. 10 lakhs in PMS. Now I have total of Rs. 28 lakhs to invest.
 

Raghavacc

Well-Known Member
#3
I used a PMS (Portfolio Management Service) that gave me 180% returns in a year. However, I am not happy because if I had managed my money and invested on my own, I wouldn't have to pay 40% to my PMS manager. This means I could have made much more returns.

I want to learn how I can start investing and what all things I need to know to get same returns. Can I quickly learn all this with one good book? I feel I ended up paying too much fees as in stock markets money can be made good. I had invested Rs. 10 lakhs in PMS. Now I have total of Rs. 28 lakhs to invest.
SMkumar,

I suggest you go through thoroughly : "Teach a man how to fish " thread by Saint in this forum and you can mange things on your own.

Regards
Raghav
 
#4
You say "I want to learn how I can start investing" and then say you could make more returns?

Or am I reading it wrong...may be I am too sleepy?

Get real. If I were the manager, I would have taken much more than 40%.

Bunny, I want to learn only so I can make more returns. It is simple. If I was to make the same returns or less I might as well stick with my PMS. I feel 40% of my money going away to the fund manager for just sitting in front of a laptop and doing nothing else is a lot. It is my capital, why should I give them so much?

I work much harder and still get paid less in my job.

Thanks Raghav, will do that. But please suggest some book I can read. I want to learn everything quickly in one week or so.

P.S.: I don't want to be rude, but please Bunny do not try to restrict the vision and dreams of new investors. We are all humans and can achieve more returns only if we desire to.
 
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bunny

Well-Known Member
#5
Bunny, I want to learn only so I can make more returns. It is simple. If I was to make the same returns or less I might as well stick with my PMS. I feel 40% of my money going away to the fund manager for just sitting in front of a laptop and doing nothing else is a lot. It is my capital, why should I give them so much?

I work much harder and still get paid less in my job.

Thanks Raghav, will do that. But please suggest some book I can read. I want to learn everything quickly in one week or so.
Seriously, when is this attitude of people gonna change? Are you aware of the fact that 90-95% of the traders lose money?

If it was just sitting in front of laptop and doing nothing else, every person would have done that. Or do you think that you are some smartest guy who has just discovered that "One can make money just by sitting in front of laptop" and other people are foolish because they don't know this and so they are working hard to earn a petty salary.

It takes lots of skill to make that kind of returns. If you don't know even the "A" of analysis then I think you should not make such xxxxx allegations about a proven person, atleast till the time you achieve that performance.
 
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bunny

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#6
P.S.: I don't want to be rude, but please Bunny do not try to restrict the vision and dreams of new investors. We are all humans and can achieve more returns only if we desire to.
Well, trading is the arena where desires, vision, dreams work. Every trader is a human. It is 95% humans who lose and 5% humans who win. The 5% people who win do not care that the 95% people on the other side have dreams, vision, etc.

Stock are not wealth-creation tools. They are mass wealth distribution tool.

Every tick is a battle.

Am I not trying to restrict your vision, dreams, etc. I am just telling you that what you are quite disillusioned about trading and profits, and such a disillusion can be very harmful to you mental as well financial health.
 
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trader.trends

Well-Known Member
#7
Smkumar

I can understand you frustration at your losing 40% to the fund manager. You are paying him for his skills. 180% returns is phenomenal. Don't look at what you have paid, look at what you have gained.

Other thing, if you want to do it your selves, nothing wrong in it but it cannot be done in a week by reading a single book. There is no such book which will teach you in one week. IF the doctor charges you 50K for an operation you will not say you will read a book in one week and treat yourself and save that 50K, will you. Trading and making money too is a profession. It takes time to learn the craft.
If you are serious about learning then start with the assumption that it will take you at least five years to learn the trade. As you are learning, leave 80% of your money with the fund manager and start with just 10 or 20% of your capital to trade on your own. When you make progress steadily and are able to beat the returns of the fund manager you can reduce the money under him and increase the money you will manage on your own.

Good luck with your studies.
 
#8
Bunny - Firstly I can't understand why you are using such an abusive language with me and trying to insult me. Please my friend, we are not here to fight and create problems. Just a friendly and humble request.

"Are you aware of the fact that 90-95% of the traders lose money?"
I don't want to be a trader but an investor. I was a topper in school and did very well in college also. This means I can easily learn all this quick and don't need 5 years. Really how hard can it be? When I see TV almost everyday there is something that has gone up over 10% in a day or week.

Even if I make only 20% a month, I will make 240% in a year.

Thanks for the idea Trader.Trends. My friend who suggested me to this PMS said the same thing. But my friend is rich and doesn't mind paying 40%. He had invested rs. 1 cr around three years ago, but the problem with him is he doesn't want to work hard and use his head like me. He doesn't have a big vision and dream. Did Dhirubhai Ambani use PMS to get rich? No my friend.

I can keep only Rs. 5-10 lakhs in my PMS and just copy what my manager does for remaining trades also in beginning. I had read two books written by my fund manager, but I don't think he revealed everything in them. In my protfolio for example he had invested in LIC Housing Finance at around Rs. 200 and Jindal Steel at around Rs. 500. LIC is now I think Rs. 800 and Jindal is over rs. 3000.

I could have easily copied these and would not have to share a lot with him.

This is not illegal is it? And within a few months I can do this on my own.

I am a busy man and can't day trade and all.
 

Raghavacc

Well-Known Member
#9
Bunny, I want to learn only so I can make more returns. It is simple. If I was to make the same returns or less I might as well stick with my PMS. I feel 40% of my money going away to the fund manager for just sitting in front of a laptop and doing nothing else is a lot. It is my capital, why should I give them so much?

I work much harder and still get paid less in my job.

Thanks Raghav, will do that. But please suggest some book I can read. I want to learn everything quickly in one week or so.

P.S.: I don't want to be rude, but please Bunny do not try to restrict the vision and dreams of new investors. We are all humans and can achieve more returns only if we desire to.
Kumar,

Pls keep in mind that if you have to trade on your own one week is far far less to learn. To understand how market works itself takes years together.Thats why I suggest you that you follow simple methods and you can earn a lot. I dont think there are any easiest teachings other than that of "teach a man to fish" .it covers almost entire gamut essential for a new person to the market and its dead simple.

Further you can go through this section in case you need any knwoledge on books.

http://www.traderji.com/books/

Regards
 
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