Alok Jain, CEO of Weekend Investing

Alok Jain, CEO of Weekend Investing

• Mr. Alok Jain is a graduate of the Indian Institute of Technology Delhi (1991) and holds a Master’s in Finance and an M.B.A. from the University of Maryland USA (1995).

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Mr. Alok Jain has been in the stock market since 1996. He has serviced institutions and retail investors as well. He has had his share of ups and downs in life and in the stock markets as well. Today we will talk about his journey in life as well as stock markets and also how the average retail investor can perceive the stock markets and get into the world of investing.

00:15- About Mr. Alok Jain

• Mr. Alok Jain is a graduate of the Indian Institute of Technology Delhi (1991) and holds a Master’s in Finance and an M.B.A. from the University of Maryland USA (1995).
• He has been in the Indian stock markets since 1996.
• Alok is passionate about building rule-based investing model portfolios to generate superior returns with lesser effort.
• Alok’s journey in the markets started with his setting up one of the first National Stock Exchange corporate members in New Delhi in 1996.
• For two decades, he serviced institutional, corporate, H.N.I., and thousands of retail clients and along the way developed a keen sense for systematic rule-based investing systems and technical trading.
• On completing twenty years of the business in 2016, Alok decided to roll out the same strategies that he was running for his own money on for others which led to the creation of this DIY model-based portfolio under the banner of Weekend Investing that required only 2-minute weekly intervention by the users.

01:05 – What does Weekend Investing do, and how has your professional journey evolved?

• Mr. Alok was in the US from 1991 post his B.Tech. He went there for his Master’s in Science initially. Then he got into finance and went for a dual degree MBA program at the University of Maryland.
• They were one of the first few North India-based National Stock Exchange members.
• They started trading primarily for institutions, mutual funds, and domestic insurance companies from where it transgressed into other ventures.

08:39 – What change are you trying to bring in their thinking when you engage with investors?

• My entire thesis is about going nondiscretionary in your investment approach.
• It is about making a rule-based investment versus a discretionary research-based investment where you could go right, or you could go wrong.
• You could get the best research done but yet not get the results. So the whole idea is to reduce the pain with the help of systematic rule-based investing instead of intuition based investing.

12:36 – Let’s talk a bit about your personal journey.

• Mr. Jain was born and grew up in Delhi. His father was posted in the central government.
• He got himself registered in the government school there.
• He was not very academically oriented but somehow the ecosystem was so good there that everyone was helping each other out.
• He managed to get into a Math class taught by Chanwani sir through which he eventually got into IIT.

17:38 – What has been your significant low point of failure, and what did it teach you?

• There were many failures along the way, but there was one family crisis when his father got cancer, and he was in the hospital with him for four or five years. That taught him the most in his life.
• On seeing people of all age groups in the hospitals, he learned that you must be aware of what you are doing and not just keep on running your life blindly.
• He was visiting hospitals and courts and felt there was too much negative energy out there, so he just took a step back and wanted to have a peaceful life for himself.

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• Mr. Alok Jain is a graduate of the Indian Institute of Technology Delhi (1991) and holds a Master’s in Finance and an M.B.A. from the University of Maryland USA (1995).
• He has been in the Indian stock markets since 1996.
• Alok is passionate about building rule-based investing model portfolios to generate superior returns with lesser effort.
• Alok’s journey in the markets started with his setting up one of the first National Stock Exchange corporate members in New Delhi in 1996.
• For two decades, he serviced institutional, corporate, H.N.I., and thousands of retail clients and along the way developed a keen sense for systematic rule-based investing systems and technical trading.
• On completing twenty years of the business in 2016, Alok decided to roll out the same strategies that he was running for his own money on for others which led to the creation of this DIY model-based portfolio under the banner of Weekend Investing that required only 2-minute weekly intervention by the users.