What Godrej Consumer's 22% Single-Day Gain Tells About My Blueprint

May 14, 2021

The soaring Sensex has got my long-lost friends and relatives interested in my profession.

A cab driver once seemed interested in my conversation with a colleague during an outstation management meeting.

But those enquiries were one on one and easy to douse.

Investing in the stock market is perceived very differently today. Basics of it can be learnt on YouTube. Discussions are on Facebook, Zoom, and Reddit.

Group buying happens on online brokerage apps. These apps allow multiple users to flock to the hottest trades. Or even auto-copy each other's trades.

That sounds fun, doesn't it?

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Not a moment of dullness in an otherwise boring activity like investing.

So, I wasn't surprised when a colleague pointed out that first quarter of 2021 had been the best month for brokerages, in terms of new demat account openings, in many years.

The sharp rise in stocks across the board, over the year, has given new investors the confidence of being touted as the next Warren Buffett.

Their friends and followers are now victims of FOMO (fear of missing out) and scrambling to make up for lost opportunity.

A track record of past 12 months has become a favoured topic at social events, over politics, and pandemic.

Unfortunately, when investing turns into socialising, it also turns dangerous.

Warren Buffett once said...

  • It's good to learn from your mistakes. It's better to learn from other people's mistakes.

Social media investing, sadly, does not even give you that opportunity. For mistakes are made simultaneous and in large proportions.

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Every wannabe Warren Buffett should take some lessons from Charlie Munger's system on thinking errors and misjudgements.

These lessons have allowed me to systematically caution StockSelect subscribers about the risks building up in bluechips.

Case in point is the 22% single day gain in one of my StockSelect recommendations, Godrej Consumer Products.

While the company's FY21 earnings performance turned out better than my estimates, the sharp uptick in valuations warrants caution.

My blueprint for buying stocks to create an 8-figure fortune lists out the steps to buy megatrend stocks while there is still margin of safety in them.

The gains booked in 14 recommendations in 14 months is also thanks to this blueprint.

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Rest assured, these safety nets do not just protect wealth. They can also help investors accumulate crores, over decades, irrespective of the volatility in the market.

Meanwhile, I have put down the exact blueprint to accumulate several crores in safe long-term wealth, in a guide - Eight Steps to Your Eight Figure Fortune.

I will talk about the guide as well as my best stock in detail at a special online event on Monday at 5 pm.

I will also show you, how to potentially accumulate Rs 7 crore in wealth over the long-term.

And there is a lot more I'll cover.

I hope you will join me on Monday at the Great Indian Wealth Project.

Warm regards,

Tanushree Banerjee
Tanushree Banerjee
Editor, StockSelect
Equitymaster Agora Research Private Limited (Research Analyst)

PS: Join me online on Monday, 17 May, at the Great Indian Wealth Project. I'll show you how to potentially accumulate an 8-figure fortune in the long-term. Full details here.

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