🔆 Saturday Coffee Newsletter
- Market Overview: Top indices & asset classes
- Performance Review: Long short trend following strategy
- Good Reads: 5 good reads on investing & finance
- Pop Quiz: Answer and win a cool prize!
What’s up with markets? 📉📈
This week, Brent bucked the trend to fall 3.2% while Nifty and Gold also fell at little under 1%. Over 1 year period, Silver is up by 25% and gold is up by 13%.
Yet again, this week belonged to media stocks. PSU Bank, Consumer Durables and FMCG were the only other indices up this week. Over 1 year period, PSU banks are still the best set of stocks out there.
What’s up with Chase?
Capitalmind Chase is a Nifty Futures trend-following strategy that aims to generate alpha over the market in the long run.
There are two components of Chase – active and passive. For the active component, we take a long or short position in Nifty Futures, and for the passive component, we are long on a Nifty ETF..
YTD 2023, CM Chase is up 9.2% with lower volatility than the Nifty. In this post, we analyse how the strategy has performed over the last seven months (1 Jan – 31st July 2023) and since its inception.
Read: Capitalmind Chase – Braving Whipsaws and Staying the Course
What we are reading
- When you stray from your circle of competence, bad things can happen – Warren Buffett’s Rare Big Investing Mistake
- Forty life lessons — with a Kingswell twist – 40 Years, 40 Lessons
- RBI tweaked the CRR ratio for a temporary fix and here’s everything about it – RBI is firefighting cash
- We’ve grown up believing that practise makes perfect, here’s a contra view – The false promise of the 10,000 hour rule
- SIP Vs Lumpsum investing debate is an old one, here’s one more perspective to it – There is a fine line between stupid and clever