Nikhil’s Investment Journey – Past and Current

Part 3 of the Narrative:

My 2nd innings as full time investor started from March last year. I was not getting satisfaction with my Corporate job and was not able to do well. Somewhere in a job, it becomes a matter of surviving and passing your time rather than working to deliver more (due to inter departmental issues and other requirements) which was not acceptable to me. Senior positions also required different personality than what I possessed and enjoyed. So I resigned from my job and my fat salary and started on my own.
Besides the equity investing for myself and family, I also became a licensed Mutual fund distributor and still work with some clients. I very strongly believe that Mutual funds are a good medium for people who lack either of the 3 requirements – Time, Passion and knowledge- to beat inflation and have a corpus.
My journey over the last 1.5 years has been enjoyable. This time markets were in different mood. After leaving my job, in the first quarter itself, my portfolio was up 15-20% due to the rally. So it gave a lot of support and confidence that I would be able to survive in this competitive field. Overall the performance has been good over the last 1.5 years.
I have been evolving as an investor over the last 1.5 years -Some of the key things that I have been experimenting are:

1. I started looking at other options in the markets – Subscribed to smallcases, some advisory services to complement my thought process.
2. Also I started to take interest in technical/charts and learning some of these aspects over the last 6-9 months. I have also started to gravitate towards momentum investing and at this point of time engaged in understanding how it works, identify some concepts and implement them in the market to get the learning. Basically, I am moving towards the techno-funda kind of investment framework though it is still evolving (How much technicals and how much fundamentals to work on)
3. I also started watching markets very closely. Initially I was very jumpy on the moves that were happening but the reading/learning over the last 6 months have given some stability in my reactions to small market movements. I am still very impatient and impetuous but trying to control the urge. I believe that watching the markets without emotion (if I reach that state) may give some edge to sense the direction specially on individual stocks.
4. Attending Concalls and AGMs more regularly than past. Also reading/listening to different market views from experts

This is where I am at my journey and hope to become better investor with time.

Thanks.

Nikhil