I have been asked by many members if I would start PMS (portfolio management service) for a fee. Which means that I will manage your investment portfolio, ensure a certain profit every month or every quarter and get a fee as compensation for my efforts.
I am sorry for not being able to write back individually, but I do not have any plans to start PMS as a service in near future.
The reason I started powerfulpicks was a realization that although there is lot of money to be made from the equity market, even by small investors, they usually end up losing money because of wrong advices from dubious services (and these are triggered by operators) or wrong choice of scripts or wrong entry price into a good script. Many analysts on TV or broking firms will build up their own positions and then give a BUY call when the script has been doing well for a few days, so that they can offload their positon at a higher price. Many recommendation services provoke or entice investors to do relentless intra-trading; some profits are made, which get neutralized by huge losses on 1-2 bad days.
This induced me to start this as a free service to show small investors: "Yes, good money can be made in the markets and you do not need to trade everyday to make money; building a select short term portfolio will keep churning profits for you and a select long term portfolio will give you high growth. I think that I have been successful to some extent, going by the feedback I have received. So at present, I would like to continue this as a free service.
There are several good recommendation services out there, which will give you good profits, but they will charge you quite high rates (between Rs 1000-2500 per month). The cost is prohibitive for most small investors. If I ever think that I will request some compensation for my hard work, I will keep it bare minimum and affordable because my goal is not a purely monetary one.
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