Re: [IAC#RG] Fed up with Investment Advice e-mailers

Dear Chief-- Shri Sarbajit ji,

Very well said, Sire. Love of money/cash at that, makes the very best among us, unfortunately, ignore the ideals we have had in life, before retirement.

(It may come from the pressures of buying a house, or marrying a daughter...or whatever, BUT in the long run, we must protect ALL interests, esp. of the family.)

In Gurgaon, there have been cases of individuals, pretty well placed, well educated, but after retirement, handing over their half-a-crore or crores, to such ones working in a Bank, on the quiet, etc. and then getting cheated--lock,stock and barrel & then left in the cold.  (You & others must have read about all that in the past 6 years.)

Your emailed advice and reference to the subject ought to get a larger number of people getting to know how to suppress the urge to ``get rich over-night...``

All the time, treachery and deceit take over. LESS is more, before all is lost! 

Warm regards.

dev chopra

9810338049

***

On 1 November 2014 11:44, Sarbajit Roy <sroy.mb@gmail.com> wrote:

Dear Col Ramani

As the highly complex investment algorithms being used by Intelligent Investment Methods were developed by me and are maintained by them in Ahmedabad with expensive servers and engineers, I can only say that on a Rs. 20 lakhs investment corpus even a 2% boost over a Bank FD covers the annual cost.

I am amazed that so many retirees (especially faujis) are the victims of Ponzi artists and Company Fixed Deposit / NCD racketeers (brokers who are only interested in their commissions).

For the sake of notional 2 or 3% higher return from FDs it seems bizarre that persons trusted with defending the nation's border after retirement will trust their life savings to some opaque 3rd party for a long lock-in period instead of investing it themselves and in their own name in a highly liquid, encashable and "safe" way.

Sarbajit

On Sat, Nov 1, 2014 at 1:47 AM, Defence Review <india.defence.review@gmail.com> wrote:

Dear Sarabjit

Many many thanks for the details of the Intelligent Investment Methods, Ahmedabad system.

I completely agree with you that "Return of Capital" is more important than "Return on Capital" and that average compounded tax free returns of 18-22% is the best that can be achieved safely for the investor in Indian context, especially for the retirees.

The only difficulty is that the inventor's annual fees are Rs. 48,000 p.a.per account which does not make sense for a small investor account with 20 to 50 lakhs

Lt. Col (Retd) Ramani

Karnataka

On Sat, Oct 25, 2014 at 3:20 PM, Sarbajit Roy <sroy.mb@gmail.com> wrote:

Dear IAC members

Apparently many members of this list, and some other RTI mailing lists, are regularly receiving emails from financial consultants.

for eg. a Mumbai based investors network of social activists etc. claims past returns ranging from 36% to 72% per annum since 2012 (with the caveat that returns going forward are likely to be significantly lower).

Attractive titles typically used in the emails (I've used the Mumbai network's titles for convenience) run like this:-

• Just 15 minutes to reshape your investment scientifically
• Revealed: A system of actually buying more at market lows
• Investing Success Comes From The Right Method
• Warning: Don't make this fatal investing mistake
• Stop wasting time knowing about financial products.
• Is Investing That Simple?
• How to fix your finances without ruining your weekends

Being curious, I decided to ask them more about it with a pointed question like :-

I'm very seriously interested in this and would like to compare your program versus my own investment algorithms, My code / data is also from 2002 when the NIFTY essentially started. Could you give me the weekly / monthly  buy /sell calls generated by your Investment tool without benefit of back testing.since 2002. - Sarbajit Roy, New Delhi.

Usually, they had no reply except to say I should first subscribe to their "system" to know more about it.

Now it is very likely that due to broker nexus and insider trading / tips etc. spectacular results / returns can be generated for a few years.

However, do your due diligence thoroughly, since it seems that public email lists like ours are being scraped for email IDs and especially ex-faujis and retirees etc .are being tempted with unsustainable returns.

PS: If anyone has invested in such schemes, please contact me off-list.

Sarbajit

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