Warren Buffett, the world’s biggest investor, is known worldwide for his successful investment mantras. Millions of people dream of getting his advice and feedback. India’s investor Gautam Baid is one of the few investors on whose investment plan Warren Buffett himself has given his feedback in a letter. Let us tell you that Gautam Baid is the founder of Stellar Wealth Partners. His company engages people in investing.
Gautam Baid made a tweet on Thursday (9-June-2022), in which he told that last year he had received a letter from the world’s biggest investor Warren Buffett. Taking to Twitter, Gautam wrote that in the beginning of 2021, he was preparing to bring India Equity Fund with partner centric structure to the US and during that time Warren Buffett’s advice helped him a lot.
Buffett wrote to Baid that “the kind of arrangement you’re talking about, I think it’s all right. All of my partners also use the DJIA (Dow Jones Industrial Average) or a similar arrangement for the S&P 500 Index. Good luck”
Let us tell you, Gautam Baid’s company Stellar Wealth Partners India Fund is basically based on the Buffett Partnership fee structure. According to the Stellar Wealth website, “A minimum of $250,000 (Rs 1.92 crore) can be invested in this fund and is available to accredited investors in the US only.” The biggest advantage of this fund is that you do not have to pay management charges like expense load etc. and whenever you get more than 6% return, you will have to pay some part of it, which is fixed according to the high water mark provision. Is.
Further explaining this fund on the website, it has been said that proper investment in our fund helps in building high quality partnerships. This fund focuses on increasing capital over the long term keeping in mind the Margin of Safety along with it.