Many a times in our Classes, during class discussion the topics used to revolve around a question: What makes one happy? I believe everyone will have a different reason to feel happy about. But for me... I guess, its always the challenge of doing something different from the rest. Something new and chellnging.
For past few days, I'm feeling good, because I was finally able to convince two of my friends to invest a sizable amount of their money in my portfolio. A portfolio which guarantees a minimum return in the time when the market is most volatile and is clearly not taking any direction. My special thanks to Gaurav sharma and Pankaj Dhawan for they were the first to show confidence in me (Of course, its a different matter that I offered them a highly lucrative, guaranteed annual return of 20% )
Today, I formally announced opening of my portfolio investment services and started marketing it to potential group of investor. All day, instead of preparing for exams, I was busy preparing terms and conditions for investing in Shekhar's portfolio. It took me an hour to come up with a formula to calculate return of my portfolio for a quarter. And throughout the evening , I was busy marketing it to different set of investors. It felt good when number of investors showed confidence and promised to invest their money in my portfolio.
Lots and lots and lots of more work remains to be done. Have to prepare Balance sheet, Proforma Income statement, Ledger account of all investor, Proforma for account statements that I'll be sending to investors and most importantly my model of equity valuation on the basis of which I'll decide whether I'll go ahead and invest in a particular stock or not.
Many people have asked me why am I doing all this? Why not I limit all this activity to my own money only. The answer lies may be in my past ventures where I used to invest on gut feel only. I used to lose money and then get out totally, then reinvest, and again commit same mistakes. I'm expecting that the sheer fact that this time I own the responsibility of generating money for others, will force me to "inculcate an investing discipline" in me.
There is one more angle to it. I'm thinking that today, I've less money but enough time to experiment and learn. In future, I'll certainly get busy with job and then I'll have money but no time to learn and experiment.
Whatever, I'm looking forward to the day, when people will start investing in my portfolio for the returns that it'll generate and not for the 10% annual return that I'm guaranteering now.
