I started investing in 2013 but was small amounts compared to my capital but by 2016 I was putting a large amount of my savings into direct stocks. I have been reading business newspapers since i was in class 11th but in 2014 I found Warren Buffet’s letters and books and then I was spending all my free time reading and analyzing companies. I don’t feel bored and investing is my passion. I don’t care about the results XIRR etc but love the whole process. Investing in the end is very simple but not easy. You learn every day.
Mistakes are only known after 5 years and you keep making new ones. So in the 2017 bull run, i invested money in some cheap companies but the good thing was I had put small amounts like Poddar Housing and Sintex. so learned the lesson that useless business no matter how cheap you buy will give you zero even in the long term.
this is the problem in churning portfolio reinvestment risk if you end up in a company like Poddar or Yes Bank, your result will be very bad. anything multiplied by zero is Zero (even if you 100X).
It is easier to say what not to do than what is good.
for me, the protection of capital is my first job as 95% of my worth is in stocks. I will still make mistakes but should not be out of greed.
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