Intro

This is about an event or a gathering around the theme of personal finance. The crowd gathered is through the Youtube channel - Muthaleetukalam (முதலீட்டுக்களம்) translates to ‘Investment sector’, thanks Google. This is coordinated by iThought Wealth’s Shyam Shekhar through his milestones2wealth, a portal to make Making Small Investors THINK BIG!.

My PoV

I started following the channel during the lockdown, just like million other self-proclaimed investors. The channel is not for trader/speculator/FnO players or gamblers. The videos pops up everyday since the lockdown times. The primary theme is investor behavior, or current events with respect of finance or economics. Some day special guests gets featured, to share their experience.

Where & How

This event took place in MMA - Madras Management Association, Chennai, on September 28 - Saturday - a full day event, with food, snacks and beverages. The entry pass required 2500₹. This is the second instance, see 2.0 in the name.

The Events

The day started off on time at 9 am, as advertised, sticking to punctuality is a green flag.

The First Session - Making Small Investors Think Big

Speaker: Shyam Shekhar

The title is same as the tagline of M2W, nothing to wonder considering M2W is the organiser.

• Equity became popular after 30 years of liberalization.
• In bull market, prepare for the fall.
• Staying is winning;
  • make sure the gains are not one-time wonder.
• Compare the matured company from western market
• Dividend compounding could be a measure of good stock
• Pay attention to Special Situations.
• Cash Flow > P/E measure
• Never race with anyone
• Risk management is a priority
• Selling stocks at right time is inevitable

The Second - Power of Habits

Speaker: Archana

She talked about Power Habits book.

The Third - EEE Investing

Speaker: Balaji

This is his talk on last year’s Conclave on reading Annual Reports held last year.

EEE - Economic, Expectation & Earning Cycle

1. Doubling time of returns
   • GDP = 6%; Inflation = 4% → 10% growth is required
   • Returns should double in 7 years or so
2. Good policy by Government to spend on Capex
3. Demographic advantage for 20-25 years
   • The country have to grow before 2050
   • The past or the future can never come close to this period, in terms of growth
4. If all goes well, Rupee could appreciate in a deacde.
   • We should consider INR appreciation when looking for decadal presence in stock market

The Lunch

The Fourth - 10 Rules to manage risks in MF

Speaker: Aarathi Krishnan

1. Asset allocation is key
2. Take more risk in bear market; less in bull market
3. Match Category to goals
4. Rolling Returns reveal the real character of fund
5. Pay attention to the Fund managers & their styles
6. Passive funds are not risk free
7. Know where retrun comes from
8. SIPs are not magic pills
9. Sell when seeing Governance issue
10. Don’t envy other people’s returns

The Fifth - Q & A

Some authors..

1. Ben Graham
2. Phil Fisher
3. Peter Lynch
4. Michael Mauboussin
5. Howard Marks

..some books..

1. Tap Dancing with Buffett
2. Publications of Columbia University

Another event - Standup or skit

Speaker: Yuvaraj

He talked about the questions clients asks him in a comical manner. I enrolled for deep, serious contents. The comedy skit didn’t work for me.

The Sixth - மாறும் முதலீட்டுகளம், மாற வேண்டிய முதலீட்டாளர்கள்

Speaker: Va Nagappan

If you believe in India; you should be in Indian market

1. Teach kids earlier about finance
   • Tells us how the entrpreneurial parents keep the children teaching finance on all the time.
2. Look for credibility of source; who provides it?
3. Three factors determine the investments
   • Learning (reading more)
   • Beahaviour of market & human
   • Experience
4. IPO, especially OFS are not good
5. Stock selection is holistic approach
6. Ready to keep cash or approach someone who knows cash management

Some Data points

1. Direct tax doubled in 5 years, tripled in 10 years
2. GST growing → 2L/month
3. Domestic Air passenger → 3Million/day
4. Fuel sale → 9% growth per year
5. Tax net is widening

The time and money spent are worth. Looking forward to next year’s conclave.

See also

• Investing in real estates
• PyConIndia 2019