We launched Basant's Corner in the last week of October 2011 with a view to help and assist investors in managing their own equity portfolios for generating above market rates of return. In this connection the return for the first 11 months have been staggering. Inclusive of dividends an equal weighted portfolio in Basant's Top Ten has returned 42.6% for its investors beating the Sensex, Nifty and all mutual funds. The highlights of Basant's Corner has been listed below for information:
� The Top 5 stocks in Basant�s Top Ten have remained unchanged while the bottom five saw three changes as we chose to move the stocks that rallied ahead of visible fundamentals out of the Top Ten into Basant's Universe.
� The approach of backing up quality companies with strong balance sheets and dominant industry positions paid off as it does inspite of what is commonly said. Majority of stocks here were not of the low PE types but were generally companies that had earnings visibility of several years ahead.
� The idea is not to have a fixed rule of recommending one stock every week/month. The focus remains to help subscribers create a portfolio where money is made by sitting rather than by shuffling. Too bad for the brokers not so much for the investors.
� We avoided recommending risky bets in the portfolio. There is an underlying theme in the stocks that we have recommended varying from secular growth; dividend yield; turnaround both (topline and bottomline) etc.
� The Basant's Top Ten portdolio comprises of:
4 small caps (market capitalization less than Rs 1000 crore);
3 mid caps (market capitalization between Rs 1000 crore and 5000 crores)
3 large caps (market capitalization above Rs 5000 crores)
� Out of twenty companies that we have recommended in these eleven months nineteen are well above recommended price and the one which is underwater is just 4% below the recommended price. I think with this quarter's results we should have a 100% strike rate.
� The "Ask Basant" segment a section available only for the Gold 365 subscribers remains the source of close interaction with the subscribers. This section has till date generated over 3200 questions & answers (all archived) ranging from personal finance, portfolio allocation, stock specific queries both from within the stocks covered in Basant's Universe and outside it, small debates on the stocks introduced including red flags as raised by the members from time to time, feedback from members on the general product usage as generated from distributor interactions etc.
� Some people argue that most of the stocks we recommended went up because of the huge subscriber base. I disagree. No one can manipulate the markets for longer periods of time. If that were so why did Delta come down to Rs 60 after more than tripling to Rs 140? How did Ketan Parekh and Harshad Mehta lose grip on the market? Additionally we constantly review our stocks with ratings as �Buy�, �Accumulate�, �Hold�, �Reduce� and �Sell�. These calls are provided on an ongoing basis. In one instance we changed the recommendation to �Accumulate� from �Buy� after a 50% rise and the stock went up further to double up from the recommended price. This quality company managed by the best known people in the business is expected to move up 10 times in 10 years from here also. Call it the Dus ka Dum! Had the first 50% move been because of our subscribers buying the rise would have stopped after we put an �Accumulate� rating but it did not, unlike the inferior grade businesses this stock could have been backed up by any amount of the investor's net-worth so putting more money to work was never an issue as is generally the case with bad businesses.
I do not want to predict next year's return as I always am. However I remain confident about these investments over a 3-5 year period for beating the market averages and a majority of mutual funds hands down. The idea is to try and target a 25% CAGR. Overall the focus remains to generate decent returns and help investors make money through long term investing.
Finally the bad news, the service just got 33% expensive from September 03, 2012.
Hearty Congratulations Basant Sir for the mindblowing performance.
More than anything else, in life you need the 'guidance' of a disciplined individual in the most important aspects of your life viz., Health, Wealth, thought process, 'living' life. One such person is Mr. Basant. As rightly said in the Bible, �Give a man a fish; you have fed him for today. Teach a man to fish; and you have fed him for a lifetime". This is exactly what you learn from Basant's Corner. The art of investing and the subtle intricacies involved in that process. Remember that, more than the goal itself, it is the process of achieving the goal that enriches your life!
Now, coming to the most important aspect, the attitude of a person determines how long a relationship can be sustained, be it between husband-wife, mentor-mentoree. Mr. Basant is very down to earth and responds to each and every question politely instead of providing "template" answers no matter how many times the same question has been asked by other investors time and again. He probes for further information to understand the investor's circumstances better and then suggests customized answer. This personalized touch differentiates him from the other "me too" portfolio websites. He weeds out the potential non-performers in your existing portfolio and fine tunes it for future proof money generating ideas. He generally goes beyond his call of duty in answering ones questions.
Apart from choosing my wife, buying my first home with my hard earned money, fathering my kid, joining Basant's Corner Gold membership is one of the best decisions that I have ever made financially. It is a treasure trove with lots of information, reading through the Q&A section provides you great insight into the process and educated guesstimates that has gone in in suggesting the potential multibaggers and the holding conviction that one must posses in becoming a successful wealth accumulator.
Here's wishing many long years of wealth generation for Teddies and BC members. All the very best Mr. Basant.
This is entirely my personal opinion based on my sane judgement, my sole discretion and observation and this has not been written with a gun at a point blank range on me, not written when I'm drunk :-)! Don't misconstrue my admiration for anything else.
Very well written post. Second that.
Dear raviteja02, Thanks for converting the feelings of being part of Basant's Corner in words.
Well Done Basantji, Keep rocking!
Very touching words especially the line:
"Apart from choosing my wife, buying my first home with my hard earned money, fathering my kid, joining Basant's Corner Gold membership is one of the best decisions that I have ever made financially".
Thank you again for expressing the feelings so eloquently.
[QUOTE=raviteja02] More than anything else, in life you need the 'guidance' of a disciplined individual in the most important aspects of your life viz., Health, Wealth, thought process, 'living' life. One such person is Mr. Basant. As rightly said in the Bible, �Give a man a fish; you have fed him for today. Teach a man to fish; and you have fed him for a lifetime". This is exactly what you learn from Basant's Corner. The art of investing and the subtle intricacies involved in that process. Remember that, more than the goal itself, it is the process of achieving the goal that enriches your life!
Now, coming to the most important aspect, the attitude of a person determines how long a relationship can be sustained, be it between husband-wife, mentor-mentoree. Mr. Basant is very down to earth and responds to each and every question politely instead of providing "template" answers no matter how many times the same question has been asked by other investors time and again. He probes for further information to understand the investor's circumstances better and then suggests customized answer. This personalized touch differentiates him from the other "me too" portfolio websites. He weeds out the potential non-performers in your existing portfolio and fine tunes it for future proof money generating ideas. He generally goes beyond his call of duty in answering ones questions.
Apart from choosing my wife, buying my first home with my hard earned money, fathering my kid, joining Basant's Corner Gold membership is one of the best decisions that I have ever made financially. It is a treasure trove with lots of information, reading through the Q&A section provides you great insight into the process and educated guesstimates that has gone in in suggesting the potential multibaggers and the holding conviction that one must posses in becoming a successful wealth accumulator.
Here's wishing many long years of wealth generation for Teddies and BC members. All the very best Mr. Basant.
This is entirely my personal opinion based on my sane judgement, my sole discretion and observation and this has not been written with a gun at a point blank range on me, not written when I'm drunk :-)! Don't misconstrue my admiration for anything else.[/QUOTE]
we all share same gratitude towards you sir, actually words are not enough to describe your SOCIAL SERVICE.
Kudos to Basant Jee. Brilliant performance and yes too much of a good thing is wonderful.
Great going Bansantji and congrats to all the members who benefited from this initiative.
Basant Ji,
I am interested in stocks for 5-20 year time frame with 3-5 recommendations every year.Do you have any plans of providing such kind of offering??
Thank you all for the (wonderful) feedback. When I look back I get surprised at the kind of returns we have generated not just for the Top ten Stocks but for all the recommendations as a whole. Let us hope that we can continue the good work this year also.
Raz737: What you want is a part of what is on offer though I should recommend a lot more than 3-5 companies each year you can take your pick and if you want my opinion you can put that in Ask Basant.
Posted on:10/3/2012 9:44:00 AMbasant
FRAGILE: You have been on TED since 2008 so maybe you could have put these questions when BC started last year anyway here are the answers (in BLOCKS):
1. Does the top 10 list come tagged with a "limit buy price" or graded as currently UnderValued/overvalued etc... so that when one signs up one can immediately begin building the portfolio? THERE IS NO PRICE RANGE BUT RECOMMENDATIONS ARE BASED ON ABSOLUTE PRICE LEVELS DEPENDING ON PRICE MOVEMENTS THE STOCKS ARE GRADED AS BUY, ACCUMULATE, HOLD, REDUCE AND SELL.
2. How frequently is the Current Buy list reviewed? ALMOST EVERY TIE THERE IS A SIGNIFICANT PRICE MOVEMENT UP/DOWN. THIS IS BASED ON PRICE MVES AND NOT ON TIME LIMITS SO IN ONE WEEK WE CAN HAVE TWO CHANGES AND NO CHANGE FOR TWO MONTHS ALSO.
3. Do you also have a sell list or say a sorting of stocks based on "sell if you must" NO THERE ARE NO SELL LISTS FOR STOCKS OUTSIDE THE UNIVERSE.
I read the FAQ and there was question about exit/profit booking (Q #5), is the opinion notice that is put up available only for Gold365 or does it apply also to basic365? THE STOCK COMMENT WITH RECOMMENDATION IS AVAILABLE FOR ALL.