Looking for PMS

Dear Friends

I would like to start trading in futures and options but I dont have the time or knowledge to do it myself.

While searching for PMS providers I came across ashwanigujral.com.They are offering a managed futures PMS which is fee based and offers 15-20% return per month.Min capital required is 5 lakh.

My request to senior members here is that can they guide me on selecting a good PMS and are these returns acheivable ?

Thanks in advance.

jaigurudev

10-15% return per month is very high. but dont take it as guaranty. futures trading is high risk game. i dont know if sebi allows PMS to trade in futures. portfolio means buying in cash and taking delivery.

kotak securities is one of better PMS.... my advice is pick some 5-8 mutual funds and invest rather than PMS who will charge huge fees... whether u make money or not they will take their fees

Dear Sir

Thanks for your advise.I have SIP with few mutual funds and would continue that for long term.

I have some sum which is a "profit" from real estate sale.With this sum as capital ,I hope to build amount in next one year by trading in futures.

The reason I am looking for in options is because equities will give returns only if the market does well ,but I understand option traders make money both in rising as well as falling market.

Regards
jai gurudev

Dear Friends

Does anyone have experience in managed futures trading or know of good broking houses who do it?

Thanks

jaigurudev

buddy, i think its best if you manage to learn to trade for yourself and till then park your money in bank FD or mutual funds. Avoid PMS or trying to get lucky by listening to some half baked ideas of getting rich quick in this market.
Every trader has started trading with huge losses in their initial initiation to this business and its highly advisable to stay away.

18-20% profit per month is not tough. But its just 2-5% of all the traders who achieve that consistently. rest all just pile up losses after losses.

Dear Linkon 7

Thanks for your inputs.

Do you think starting with a small sum and following a good analyst is a good way to begin?

jaigurudev

First of all, there are no good analyst. Its like forecasting the weather. If its cloudy its going to rain. U dont need a analyst to tell you that. Just because its cloudy, it need not rain. Thats the disclaimer any analyst is going to use.

Form your own opinion and then paper trade it first for a few months. once the result is consistent, then try it with a small sum of money. if successful then slowly increase exposure.

Simply because someone gifted u a pair of boxing gloves, you wouldnt challenge a boxer to a match without knowing how to defend yourself.

Hi linkon

Very well said.
I am still not confident to start trading on my own for two reasons:

1.time -have a fulltime and erratic job with travel.

2. knowledge and training-need to learn a lot.

I need to search for ideas for growing my capital

jaigurudev

Dear Friends

Came to know that technicaltrends has started a service where they trade on behalf of partners(investors)

cheers

jai gurudev

Bro..
You need to be cautious if you are first time entrant in this market. First thing you need to gain is knowledge before you gain even a penny. Park your money in safer investment instruments while you learn about the market.

Here is what I copied from another thread where I suggested this before

..distribute it to various portfolio tools.. like 40% in FD, 20% in Gold, 10% in MF, 25% in Real Estate... the remaining 5%... you can play in stock market.

Real Estate is one place that you should always stay invested in, similar tool is gold. Metals being natural resource will always increase in their value. First get some knowledge of market otherwise even PMS can eat your money... what if they say that they hit a stop-loss and give you all the crap as explanation... all you could say is ...OOOKKKKK