Milan Doshi

Over the years, he has empowered over 3,000 graduates to discover their Unique Investment Profiles and Make Money through Tactical Asset Allocation and Smart Investment Strategies.

At the same time, Milan has touched the lives of over 100,000 people through talks at various public events and two best-selling investment books.

HOW DID I GET INVOLVED IN THE INDUSTRY
I guess Economics, Money and Investments run in my blood. A bit of my background. I have an honours degree in Economics from the National University of Singapore.

During the first 5 years of my career, I worked as a Commodity Trader in Singapore dealing in physical products such as Animal Feedstuff like Soybean Meal and also Edible Oils. We bought from Country A, chartered an entire ship and shipped it to Country B.

I found the Physical Commodity Trading to be a low margin and high-risk business as many things can and does go wrong with regards to quality issues, shipment delays and payment issues with both buyers and sellers. As a result, it was very common to see one or two international trading companies closing shop every year. Only those who had upstream or downstream business could survive and thrive. The lesson I learnt was it was much safer to deal in Commodity Futures instead of Physical Commodities, as the only risk was the price volatility.

Family-wise, my father is a Remisier in Singapore for over 50 years and my wife is a Kuala Lumpur based Remisier for over 30 years. I moved to Kuala Lumpur in 1994 to assist my wife in her stock broking business after the Stock Market Super Bull Run in 1993 as many Singaporeans were interested in investing in the Malaysian stock market.

MY DECISION TO ENTER THE BUSINESS
After reading Robert Kiyosaki’s Rich Dad, Poor Dad in 1996, I became a seminar junkie and attended many personal development intensive programs.

In 1998, I decided to share my investment knowledge via seminars and later through books. To my big surprise, I found many people in the financial industry did not even know the basics of money management and hands-on investments and they found my contents to be a big eye opener.

HOW IS MY APPROACH DIFFERENT
Firstly, I do not sell any financial or investment products. Hence, I am able to frankly share both the good and bad points of investment products and services. This is something most sales people in the financial industry will not want their clients to know.

I also discovered that I had the flair to simplify and explain complex financial concepts in an easy and fun way through games and activities instead of just boring lectures.

THE VALUE I PROVIDE
My business has evolved over the years due to changes in the market. At the moment, I am focused on helping people to make high tax-free returns from the US Stock market in these areas:

1. Investment Partnership with High Income or Net Worth Individuals who do not have the time or interest to invest. Clients need to have a minimum of US$50,000 and we use the US Options market to generate monthly returns. We are currently exploring launching a hedge fund later this year.
   
   
2. In December 2021, we launched a DIY-with-You business called Midas Profits. This is a Signature Program created by me to master the skills of Investing in US listed Exchange Trade Funds (ETF’s) and Stocks.
   
   Subscribers are provided with Learning Videos, Back-Tested Portfolios, and Investment Mentorship. These are the 3 essential ingredients to succeed as a DIY investor instead of investing in Mutual Funds. Our motto is: we not only teach you how to fish, but we will also go fishing with you on your investment journey.
   
   
3. Besides the above two, I also provide Wealth Coaching to those who need Independent Financial Advice. Clients are coached on a one-to-one basis to achieve all their financial goals in the shortest possible time.
   
   I also provide a second opinion on any investment product or service you may be planning to invest.
   
   I am proud to say that I have helped many clients save thousands of dollars had they not consulted me and gone ahead and invested in products which later turn out to be scams. You can read more about my most recent case of “SAVING My Client from Losing Thousands in a Hong Kong Stock Scam” at:
   
   https://www.linkedin.com/posts/milandoshi88_good-things-in-life-are-never-cheap-and-activity-6920540506804371456-I3Wi
   
   

INSIGHTS FOR THE INDUSTRY AND MARKETPLACE
The financial and investment industry is always changing. Earlier, the two most popular direct investment vehicles were real estate and stock market. Indirect investments were Unit Trusts or Mutual Funds, and Investment-Linked Insurance products.

Five years ago, Blockchain Technology, Mining and Crypto Currencies such as Bitcoin, Ethereum and other coins became popular. The world has 195 countries, and as at March 2022, there are 18,465 crypto currencies in existence! After discounting many “dead” cryptos, that leaves only around 10,363 active crypto currencies which in my opinion is still too many. Today, this trend has evolved into Non-Fungible Tokens (NFT’s) and the Metaverse.

Many young people who were the early adopters have made and lost millions within a few short years. It’s highly unlikely these people will ever invest into the traditional low return investment products after having “tasted” the thrill of making fast money.

One of the challenges is the grey area whether Crypto’s and NFT’s are a Business, and/or an Investment. Also, many investment scams are taking place as the industry is very new and the potential returns extremely high along with the risks.

CHALLENGES AND OPPORTUNITIES

1. The Mutual Fund industry is slowly but surely being disrupted by the Robo-Advisory companies such as StashAway, AKRU, Wahed and others. They appeal mainly to the younger investors who are comfortable and prefer to invest directly using their handphones instead of talking to an agent.
   
   
2. For the Insurance industry, there are many FinTech start-up’s that are selling insurance products directly to consumers at a much lower cost.
   
   
3. Even banks are being “attack” on all fronts by the Fintech industry. Here are some examples:
   
   
   • Buy Now, Pay Later (BNPL) companies are giving bank’s credit cards departments competition
     
     
   • Remittance companies like TransferWise (now known as Wise) is eating into the remittance business of banks.
     
     
   • Peer-to-Peer (P2P) lending and Crowd Funding companies are eating into the bank’s SME lending business.
     

Where there is competition and challenges, there will be opportunities for both entrepreneurs and even investors.

CLIENTS OR CONTACTS I WOULD LIKE TO BE CONNECTED WITH
I like to be connected to anyone who is keen to invest into the US Stock Market. My target clients are:

• High Net Worth Individuals who don’t have the Time and/or Interest and have the minimum US$50,000, they can join the Investment Partnership
  
  
• Smaller Investors who are keen on Saving Costs and Invest directly can join Midas Profits.

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Milan Doshi was recently recognised as the Highest Revenue Contributor for March 2022 by the chapter. For his contribution, BNI Sierra members strive to work on exploring more business opportunities and referrals with him. Congratulations Milan!