Good morning Gents
I have got some feed back on the videos produced by CE Praneet Mehta with me, that they're too basic and what next...?
I said that is all to personal finance what else they want?
I was told that they want the simple names of 8-10 MFs!!
Now that doesn't work like that for 3 reasons .
Firstly my book or the videos I produce are largely for education purpose or to Kindle curiosity. They are generic in nature and need to be relevant irrespective of whatever happens in the market. It's like learning basics of Marine Diesel Engines after which you can work on any make or type.
Second Reason: is that in such a video I cannot suggest mutual fund schemes as it amounts to general recommendation. I cannot publicly recommend because I'm not qualified to do so as I'm not certified finance professional.
Third and most important reason: because of which I can suggest ON THIS GROUP based on my own investment profile is because not all funds are suitable for all investors.
I like to see the age , rank and the life stage of a person. It is is possible that he's a 4/E but married or a C/O and not married or married with grown up children.
So I like to adjust the selection of funds in keeping with the risk that a person can take and the money that he has at hand to invest or will have in future.
My recommendation of funds does not have any clash of interest like the professionals who recommend stocks. This is because a MF need not be sold for profit booking like a stock ,so timing is irrelevant in MF investing.
You can even start investing on a holiday as the transaction will only happen during the working day.
In fact now my only transaction are for selling which I do leisurely on a weekend.
So please have faith in one to one interaction otherwise there are 1000s of videos and reccomendations on the net and it's curious no fund is ever on two sites as the best performer.
Friday, February 17, 2023
A Clarification
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