Prof. Sanjay Bakshi, the authority on value investing, is, to our good fortune, on a recommendation spree. His last “strong buy recommendation” was for the treatise “100 to 1 in the stock market” by Thomas W. Phelps.
Now, the Prof has sent out a recommendation for Katalyst Wealth, a stock advisory service run by ace stock picker, Ekansh Mittal.
The Prof gushed in a tweet:
@katalystwealth Ekansh is a very smart and ethical investor. I enjoy interacting with him and recommend his services.
— Sanjay Bakshi (@Sanjay__Bakshi) March 8, 2015
(@katalystwealth Ekansh is a very smart and ethical investor. I enjoy interacting with him and recommend his services.)
What appears to have impressed Prof. Bakshi is the consistent stellar performance by Katalyst Wealth.
When I last profiled it in September 2014, Katalyst Wealth had given a CAGR return of 55% in 30 months.
That impressive performance continues today according to the latest post at Katalyst Wealth’s blog which emphasizes that the CAGR return is now 57.7% in 36 months.
Some stellar stocks that Ekansh Mittal is credited with having recommended include Cera Sanitaryware, Atul Auto, Amara Raja, VST Tillers, CARE Ratings etc.
At this stage, you must note that there are a number of other stock advisory services run by ace stock pickers.
While these stock advisory services cost a pretty penny, they are well worth it because you are assured of homing in on winning stocks. Also, when things go wrong and markets go into a tailspin, it is comforting to know that there is someone knowledgeable you can look upto for guidance.
If you are not inclined to pay up, you can consider the free model portfolios released by brokerages from time to time. These are also prepared by knowledgeable persons with careful attention to detail. Sharekhan’s Model Portfolio, for instance, has a consistent record of out-performance. It has given a return of 432% over six years which works out to an impressive CAGR of 32.13%. Other reputed brokerages like ICICI-Direct, IndiaNivesh, IIFL, Edelweiss, Nirmal Bang, Ambit Capital, HDFC Sec etc also have a stellar track record with their Model Portfolios.