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Born into a middle-class family in Kolkata, Vijay Kedia lost his father when he was in the 10th grade. This was a huge shock for him. He couldn't even properly prepare for his exams and failed. His father was a stockbroker, and after his death, he had no source of income. Vijay Kedia somehow managed to graduate at his mother's insistence and began considering a job to support his family.
When things didn't work out, he started trading in the stock market, using his earnings to support his household. He then got married and had a child. At one point, his circumstances were such that his family of six lived in a single room. Kedia initially made some money through trading, but later suffered significant losses.
Just as he felt his fortunes were back on track, he would suddenly suffer another loss. At one point, he even had to sell his mother's jewelry. One day, his child was crying for milk. His wife asked him to buy a carton of milk, which cost ₹1 in those days, but Kedia didn't have even ₹1. His wife somehow managed to gather all the coins in the house and brought the milk.
Vijay Kedia realized that it was difficult to live this way. In the early 1990s, he left Kolkata to pursue something big and settled in Mumbai, the city of dreams. He initially faced many difficulties in the new city, but Kedia's luck was good. In 1992, a bull run hit the stock market, and Vijay Kedia and many other investors made a substantial amount of money.
He brought ₹5,000,000 to Mumbai. But life was still testing Kedia. As with every bull run, the market crashes badly. This is what happened during that time too. Kedia lost all his money, and he barely managed to save his house and some money. Due to repeated heavy losses, Vijay Kedia lost confidence in trading and then went into a long silence.
He settled down and focused solely on the stock market. His intention was long-term investing. Then, in 2002 and 2003, the stock market crashed. Kedia sold all the remaining shares and bought shares in three companies. The prices of those three stocks increased 100-fold over the next 10 years. From there, Vijay Kedia became a successful investor.
In 2009, he bought a milk company, which he gifted to his wife. He told her, " This gift is for the day when I could n't even afford a rupee for milk." Vijay Kedia says that the stock market is his first, second, and last love, and that's why, despite repeated failures, he never gave up on it. He devoted a significant portion of his life to the stock market, learning and understanding it.
Only then did the stock market embrace him. Kedia may have started with trading, but he admits it was a big mistake. He says, "Whatever profits I made from trading were due to my luck." Luck deserted me, and I suffered a significant loss. But if you want to become a successful investor by understanding your abilities and the market, you should invest long-term.
He says that most people enter the stock market during the boom period, when stock prices are rising. They try to make some money by trading, but then they misunderstand the market 's depth. Because of this misconception, they lose their hard-earned money in trading. Vijay Kedia says that you have to study for many years to become an IAS officer.
Even to become an engineer or doctor, you have to study for four to five years. But when it comes to the stock market, people think it's easy and jump into it without understanding the market's depth, resulting in significant losses. He says, "Suppose you have a pilot friend who tells you he enjoys flying, you don't jump straight to flying because you know it would be very dangerous.
But that's what people often do with the stock market. They don't have any knowledge about the market." As soon as they find out, they start trading without understanding the market risks and end up incurring losses. Answering the question, Kedia says that the biggest formula for success in the market is patience.
You should invest time in the stock market, read books related to the stock market, and watch interviews of successful investors. This will give you an understanding of the market, and you will realize that you do n't get rich overnight in the market; instead, you need long-term investing. He says that the world of the stock market is considered very complicated and not everyone can understand it.
Even the great scientist Sir Isaac Newton could n't understand it and lost a large part of his wealth. But the person who spends a long time in the stock market and understands its tricks is sure to dive into the ocean of wealth. So, friends, how did you like this video? Tell us in the comments. Share and like the video as much as possible. Subscribe to see more such videos. Thanks to the channel
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