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Monthly Newsletter | Portfolio Yoga

Tagged: Monthly Newsletter

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December Newsletter – The Rise of the Retail Investor

One of the aspects that we have seen both in the United States as well as in many other countries including India has been the rise and rise of the Retail Investor. For long seen as the weak hands, today they seem like a fearsome clan of hyenas who can take on even the King of the Forest. The attack...

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Should Equity Fund Managers take Cash Calls? – November Newsletter

It’s a question that has been debated and discussed deeply in the financial community. Those who believe equity fund managers should go to Cash when the odds aren’t favorable suggest that the objective of a fund manager is to generate superior risk adjusted returns. On the other hand, those who believe that the equity fund manager should not go to...

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August 2021 Newsletter – Keeping risk in Check – Optionality

August was the second time in 3 months, Portfolio Yoga Portfolio’s went through a change mid of the month. Stocks got removed without replacement. This has led to questions whether we are moving to a weekly rebalancing mode as is the case with everyone else. The answer to that question is a firm No. The rebalancing will remain in monthly...

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July 2021 Newsletter – Measuring Performance

Do-it-yourself (DIY) investing is all the rage. NSE data reports that retail now commands 45% of the total turnover on NSE Turnover doesn’t equal ownership. Retail ownership has moved slightly higher versus its lows but even if the indirect ownership via Mutual Funds are included, it’s still very much below its all time highs. One explanation for the fall in...

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June 2021 Newsletter – The Fear of a Crash

“Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” Peter Lynch The biggest question most people seem to have about markets today is not if a correction is going to happen but when. The list of reasons seems to keep growing. The US housing market for instance is posting the largest...

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Portfolio Yoga Monthly Newsletter May 2021

What makes a Great Fund Manager?. How to spot a good fund manager was a question asked at a Twitter Spaces event. This was a question that Swarup Mohanty answered. I wish I could understand the answer he gave, but I don’t know Oriya :). What I could understand about the answer he gave was to forget about Fund Managers...