Lots of things happening around me professionally which does not allow me to post much. But I am happy in one way that, it’s helping me a lot to grow my business. Business wise, this is the best time I have ever had. (Touch wood)
Since the good times have started so people think of investing the money somewhere. So like everyone, I too decided to jump into share market. But I do not take risks so easily, to take big risk, I have to understand the market and once I get confidence in it, I take big risks. This applies to anything from Business to shares. So I decided to invest a very small amount of Rs. 15,000. I invested in buying shares of Naukri.com, it was public issue today. And in the allotment I got 33 shares at Rs. 320 each. (Rs. 10,560)
And guess what, my dear friend (who works with Naukri) sold the shares too… at Rs. 428 per share. And now the rates are Rs. 600 per share lol (He was holding shares on my behalf due to some issues)
But I am happy in one way that I made little profit out of it. Now, plans are there to put in some more money but I will have to do lot of research before putting in money in this high tide period.
P.S. Ashish, like you said, I am going to invest amount you had mentioned (in Chennai) in LIC too 🙂
You can earn with intelligent trade from shares. But one needs to be well informed about the market trends. Not everyone’s cup of tea. But yeah if you know about it, you can earn quite a lot. Especially now that the Indian market is booming.
Yes, exactly and that is what I am investing very small amount to understand the market. I will first get used to it, understand the things and then put more money into it. Putting more money without knowing the market wont be a good move at all.
Since this is out in open, let me “spank” you openly.
Why the hell do you need to tell the world about where you invest? 😐 Somethings are better kept away from the public eye. Please remember that a few people will feel happy for you, but more people will feel jealous and pretend to be happy.
As for LIC, you have missed one bus, don’t miss the other. Every b’day is a bus. 😉 Premiums are calculated on your age. So don’t delay any further. You will need to spend some time (probably a couple of months) on deciding which policy to take.
Take opinions of a few agents and study all options. There are many insurance companies and too many policies. But I personally prefer LIC 😉
Thanks Ashish but I don’t think so it will cause me any problems as I don’t hold the shares of that company anymore and even if I had, then too it wouldnt have been much of issue I think 🙂
Its not about you getting into instant trouble for this! Its a matter of privacy. 😉 And yes, you never know Income Tax people must be reading your blog! 😆
Jokes apart, your finances and financial investments are too personal to be revealed in a blog 😉
UPDATE:
Here’s a link for your reading 😆
http://whoisdeepdotcom.wpcomstaging.com/2006/11/21/to-trust-or-not-to-trust/
lol haha
Deep ki boli, usiko sunaye, wah wah!!
Hi Deep,
I agree with Ashish, you should never speak out in public what and where you are investing. Touchwood n gud luck n keep going:)
my close friend family vanished during KP’s bull bash, before that bull’s run he having shares worth 10 lakh Rs, after bull become goat , shares worthed few thousands.
ok people says if u play safe & with caution u wont burn hands but this game always involve luck also.
Stock market is a risky proposition. But all non-risky things will not give you good returns. The trick lies in striking the right balance.
Stock market most times is more like a gamble. Of course, its far better than race horses or flush 😆 and can be a calculative gamble.
But before entering stock market, we must decide the maximum loss we are willing to incurr in a year or a month. There is no end to greed and desire to recover lost money. But if the limits are decided in advance, we will remain safe.
We have a trusted broker. We give him a cheque and a time frame. Both are kept somewhat flexible. We keep in touch with him during this period (usually, on phone, 1-2 times a week). At the end of the period, he comes back with a bunch of contracts/bills and a cheque. 🙂 Touch-wood!! So far we haven’t lost any money. If there are some scripts worth holding, we hold them for a longer period.
The cheque that we give him initially is our maximum risk for that period. 🙂