ExpertDabbler

It all started with an ambitious sounding e-mail with an even more pompous subject line - Project Buffet.

Project Buffet is a cute little experiment by yours truly and a few aathma nanbargal. The funda is simple - every month each guy will contribute 5K and together we would buy stocks. Yours truly is the fund manager. It had two investors till last month and all set to go up to four in the days to come.

So how successful has been this experiment so far? At this point, we have not made much profit, but we have not lost money either. Me thinks thats kinda cool in a market which has fallen 20% from its January peak.

What we don’t do,
- with due respects to Milind Karandikar, we do not subscribe to technical analysis,
- we do not go by any brokerage or securities firm recommendations
- we are not planning to get BMWs tomorrow so no hurry.

We believe the process is as much fun as wealth creation.

I am well aware of the pitfalls of handling money with friends. I guess I know the folks involved so am comfortable for now.
Will keep my readers posted on the outcome. Right now, we are having fun with this experiment.

Ellam buffet mayam, peter lynch mayam

This entry was posted on Tuesday, April 15th, 2008 at 12:18 pm and is filed under Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.