Today Stable Investor completes 3 years. So congratulations are in place. 🙂 I wanted to write a long speech but that’s not my forte. So will keep it as simple and as direct as possible.
So first of all, I take this opportunity to thank myself for being the one man unit behind the concept of Stable Investor. ;-P ;-P
Secondly but more importantly, I thank You. It would not have been possible without your support, time, comments and feedback. Had it not been for you all, I would have been like a person in closed room, shouting out his thoughts about investing with no one to listen to.
So thank you once again for listening to me.
Not a day goes when I don’t think about what I should write here on Stable Investor. It has become such an integral part of my life that I am now unable to imagine how I used to spend my free time before starting Stable Investor.
This 3rdyear was an important one as I launched my first premium product Ultra Long Term Stocks in June. I was pleasantly surprised by the response which it received and would like to thank subscribers of Ultra Long Term Stocks in particular once again.
Some numbers to gauge what has been build in last 3 years – I have written a total of 179 articles; Have received more than 5.8 Lac pageviews; Email subscription has reached 1400+ and there are quite a few hundreds subscribing to RSS feeds using feed aggregators. Facebook Page has crossed 3200 Fans and there are more than 650 Twitter followers of @StableInvestor.
These numbers are not big ones but still mean a lot to me as each one represents a person who is ‘actually’ interested in real long term investing.
And that is what keeps me motivated on this long journey of learning about investing and of course about getting to know my real self a little better.
Stable Investor is all about Investing – So I share with you this thought by Morgan Housel which I read some days back:
Investing isn’t easy. It can get emotional. It can make you angry, nervous, scared, excited, and confused. Most of the time you make a decision under the fog of these emotions, you’ll do something regrettable. So talk to someone before making a big money move. A friend. An advisor. A fellow investor. Just discuss what you’re doing with other people. “Everyone you meet has something to teach you,” the saying goes. At worst, they give advice you don’t agree with and can ignore. More often, they’ll provide prospective and help shape your thinking.
So I request you to be my friend, advisor and a fellow investor – who helps me on this path and helps me learn and get over my mistakes.
Thanks once again…
Looking forward to do more in fourth year. 🙂
So the best approach could be start buying when PE starts falling below 16 and start selling gradually when PE reaches above 20 and inches upwards.
Thank you for creating such a site. It has been very helpful in learning about investing.
Congratulations…. As a reader i acknowledge tremendous efforts you must be putting in to make this site as simple and more informative as possible… good luck…
Happy Birthday SI, thanks Dev,
Heartiest congratulations Dev! Keep walking! 🙂
Warm wishes of the day. Please continue this noble task of trying to remove financial illtereacy
Congratulations and appreciate your services.
Congrats on the 3rd year!
Thanks a lot Apurwa 🙂
Thanks KP 🙂
Thanks Rajesh 🙂
Thanks a ton Vishal 🙂 I hope this 'Stable' walk continues for years 🙂
Thanks for your kind wishes Rajiv 🙂
Thanks a lot 🙂
Thanks a lot for your best wishes Govar 🙂
Congratulations Dev. Did not anticipate that SI is already 3 years old. Wonderful articles and it is always refreshing to read. This blog is good learning for me and wish you the very best for many years to come.
Thanks a lot Krish 🙂
Congrats Dev… Keep on going…
Congratulations on completing 3years, Many Thanks for educating people like me through your blog for last 3years.
as you mentioned above, as a friend i would like to ask one suggestion.
i am just started investing in equity, i have a good amount of money which i want to invest in equity/equity mutual funds but looks like the market is expensive, this money is completely allocated for my retirement which is about 20 to 30years away.
can you please suggest me how to go about deploying my corpus into equity?
Thanks a lot Siva 🙂
Thanks Karna 🙂
Its nice to see that you are planning for decades and not just years. 🙂
Though I am no certified expert, I can still suggest that you can start with SIPs in well diversified mutual funds which have proven track records. And as and when markets fall or valuations are cheaper, you can go ahead and make lump sum investments.
Direct equity investment is a good idea but the fact remains that companies need to be constantly monitored to see whether they are performing as per expectations (or in line with our growth targets). A lot of investors do not have the time and resources to commit to such close monitoring and hence are better off sticking to MF route.
But you also need to consider your own risk appetite when investing directly or indirectly in stock markets. Markets can be volatile in short run and can give sleepless nights if one is not ready to accept this harsh reality of markets. But having said that, there is almost no other asset class which can match the returns offered by equity in a 20-30 year period. So staying away from markets also doesn’t make sense. 🙂
Hope that this answers your question somewhat 🙂
Congrats, looking forward for 5th,10th, 25th, 50th…. year celebrations. Keep Going.
Thank you Dev.
i am exactly doing the same, from last 6months deploying little amount every month into MF's but my only doubt was how many years should i use to deploy everything!
i know this is a bit tricky question, just seeking some suggestion.
Thank you Dev.
indeed it is a valuable suggestion 🙂
Hi Dev. Congratulations on completing 3 years on your journey towards enlightening small investors. Dev what is your take on Parag Parikh's Long Term value fund for investment horizon for 10+ years
congrats Dev….all the best for the 4th yr 😉
Thanks a lot Bharath 🙂
Thanks a lot Rajiv 🙂
As far as PPFAS fund is concerned, I did a review of the fund sometime last year – http://stableinvestor.com/2013/04/ppfas-long-term-value-fund.html
I guess there is a need to revisit the fund and its philosophy again… 🙂 Will try to do a post on it soon
Thanks Dev, would love to read that post
Ideally yes….But about the selling above 20 logic, it seems that Indian markets have a habit of staying above 20PE for extended durations of time. So it might make sense to sell small amount after 20 but heavily after crossing higher nos. like 23, 24 and so on…
True. During the great bull run from 2003 to 2009, most of the time the market stayed above 20 PE. My take – same as you said, sell heavily after 23,24 PE and keep the amount to be reinvested when PE goes below 16 and buy heavily (using the same money that I got after selling at higher PE) after it breaches 14 PE. But keep MDBSC* working all the time.
Very interesting and thought provoking article. Could you please also share the number of times markets touched these P/E levels? I mean in these 13 years, how many times markets touched P/E of 12 or 13 for that matter. In the first case when you say 6 trades, do you mean to say that markets touched a P/E of 12 three times and P/E of 24 three times?
My apologies that I seem to have misplaced the excel which I used for this old article. But I am planning to do this exercise again with more data in near future. Will only be able to provide answers to your questions then.
And by 6 trades, I meant that we are buying 3 times when markets touch PE12 for the first time. And similarly selling at 3 separate occasions when PE24 is touched for the first time.
Just searched for the full form of MDBSC. Interesting 🙂