Top critical review
Well laid down trap to sell his advisory...
22 March 2019
This book and his other book (From Rat race to financial freedom) is a well-planned laid down trap by author for the naive readers to sell his PMS advisory(ELITE-100) by making false commitments in the book.
Author claims is that his life's mission is to elevate the society, in whatever ways he can. But when you will associate with him you will know that his life mission is to be a highly rated author by hook or crook and to establish his portfolio management services business by trapping the naive readers of his book. See author commitment in book- No charges, No fees, no constraints.... and upon getting his mail you will see- He converts his free social service with almost free then demands Rs. 2999/- (One Time) + Optional Quarterly Fee. It doesn't end there. He demands review of his book at various shopping sites from his readers who opt for his ELITE-100 and this is first step (3rd thing out of his 5 things in first step). Who will rate him two or three star (and not four-five star) who is willing to take his service after paying Rs. 2999/-! and this is the trick author has adopted to get around 100 five stars at Amazon.in for two of his books (Rat race..., Autobiography....).
I read this book few months back and rated it five stars for clearing his mandatory step-1 process as ELITE-100 member. However, now I am changing the rating to one star as the concepts mentioned in the book failed to deliver intended result to its own author. Author runs its own Portfolio Management Service (ELITE-100) for its readers (as he claims) and selects the stocks based on his theory. His first recommendation "8K Miles Software Services Ltd" was recommended at around Rs. 650/- and calculated its intrinsic value as Rs. 1129/-. He mentioned stock WCRA opportunity (Cost Averaging) at Rs. 555/-, Rs. 355/- and Rs. 351/- with total Qty of 476 shares. His recommendation averaged out at Rs. 387/- per share with a total investment of Rs. 1.85 Lakhs. He has explained the stock homecoming in his book but his recommended stock never came home and he gave exit call on Rs. 211/- per share. His recommended stock's liquidity was so poor that it didn't sold out even after week of his exit call and even after stock traded below Rs. 140/-. He updated his website as 42% loss on exit while it was more than 75% loss to his ELITE-100 reader/member with his recommendation and around 60% loss even after cost averaging. Author is lying with readers of his book and the visitors of his website. He doesn't have any credibility as he can't use successfully his own theory.
The book is not written by a person who is expert in the field of investment but by a person who is ambitious for high rating at book selling sites for establishing his Portfolio management service.