저자: VijayKedia · 외국인
요약 보기
중소형주는 유동성이 낮아 매도가 어려우므로 신중해야 하며, 본인은 10~15년 장기 관점으로 비유동 종목에 투자한다고 밝힘. 신규 투자자는 중대형주 위주가 적합. 최근 장세는 V자 반등 후 사이클 완결 전이라 뮤추얼펀드 성과 평가는 이르다고 주장. 직접투자 규제 필요 취지의 농담성 발언과 함께 투자는 요가처럼 심신 정렬이 중요하다는 취지로 마무리. 특정 자산 방향 예측은 없음.
다듬은 글
So I had written one last song that is you are very dear, in that I had written for India that you are very dear, earlier I had written for India that you are very dear. You are very strange. Whoever gets you is the lucky one. So in that I had also shown the graph that you look at the 20 year, 30 year graph of India and only those people who have made long term investments have earned money here.
Its final sentence was that now I will also tell you a secret. If India is shot, even God will not save it. Oh wow India Habib, India is my destiny. You are very dear. You are very strange. Oh wow. You are very dear. You are very strange. I think this describes the nature of investing very beautifully.
Beautiful. Thank you so much Vijay now I am going to just take a few questions that people have asked you I won't be able to cover all of them but I will take a few questions okay so the first question I got is since you talked a lot about mid and small caps this is coming from a retail investor in your view and I know there is no right answer what should be the mid and small cap allocation for a retail investor no again as I said that it depends on your KYC know your style because as I said what I am doing it is a very risky thing I am buying shares which are very liquid in the market.
I can not get out of I can not get read of these shares when I want money and when I want them to sell of I can not sell as I said that it is like a banyu I know how to enter I don't know how to exit. So it is not recommended for everyone. So it depends like what is your horizon and if your shares are illiquid can you really sleep at it or not then you should think about it and invest in it.
And I have a problem, I said that if I invest in any liquid share and if I think that the market is going to fall down, right from maybe 10% from here, I will immediately sell my cash shares, also you know, so I can't hold them. So by saying this, I have made a Lakshman Rekha for myself that I will invest in illiquid shares because my focus is for 10 years, 15 years, but not necessary, that is the ideal thing for you because stock market is one thing and I want to tell you one question in the middle which your viewer should understand.
You can make the biggest money in the stock market when you come to a no gravity zone. If you have to support your family from the income of your stocks, then you can make money, then you can not make big money in the market the moment you come to the no gravity zone that you are, you don't have. To worry about your bread and butter and your monthly expenditure, I have to meet it only by selling shares.
You will rise above that thing. On that day your new rise, next level rise will start. So it depends on the individual investor as to where he is standing and what he is doing. So they should take their own decision. But I would tell new investors that if they want to invest in liquid shares, they should invest in medium and large cap shares.
New investors should not invest in small caps. I think a beautiful point about liquidity is what we keep telling our investors and I think this is no gravity point that you should make. If you are going to buy mid- and small-cap stocks, you will keep getting stressed out. You are going to keep getting stressed out and overinvested in it.
And you know it affects your day-to-day life, then you will never be a successful mid- and small- cap investor. I mean, you have to let it be. Yes, exactly. So, there is another question, and this is related to my industry. What is your message to youngsters who are not very keen on investing in mutual funds?
And I know you talk about mutual funds even in your songs, Vijay. So, what is it? Right now, everyone sees only green in the monsoon season. The current situation is such that everyone feels that all the fund managers of mutual funds are useless. This is what all the new investors are feeling. Because they do n't have any returns, but what about right now, until a cycle is completed, no, only after that complete cycle is completed, you will get to know the score card, who scored how many runs, what did, right now the caravan is going on, so right now it is a little difficult to compare it, let this complete cycle happen, right now the market, understand it was U, from U it has come in V shape, people forget that after V comes W, so when W starts then it goes down from the top, right now that complete cycle will be over, when the entire alphabets are over then people will know how much money I have earned by direct investing and what is the safety with mutual funds, in my opinion, so if you had told the government about direct investing, if I were the FM, I would have prohibited this and made a rule for people that if you have not done a course in the stock market or if I had made a parameter for you that you cannot drink alcohol before the age of 21, you cannot marry before 21, so I would have made some parameters in it that if you do not have these qualifications then you You cannot even invest in the stock market, you cannot do direct investing, you can do it in mutual funds, you can do it even at the age of four, but ban direct investing because we only know that 90 out of 100 people who later leave the stock market and who abuse the stock market and the money of those poor people that is invested, that is a different story.
That's true that for every Vijay Kedia and every successful investor there is a there is a long set of unsuccessful investors whereas mutual fund is a very basic every man's kind of product. I think you said it beautifully. Someone Vijay wants to know your view on gold as an asset class. I am also very curious.
[laughs] I do n't know right now, my wife likes it, but I would like to tell you that I also invested a little in gold a year or two ago, but I have invested very little, so I do n't have any such personal view on gold, for me it is only with shares that it is life or death or else I want to buy gold out of curiosity, sorry, why did you buy gold?
Since you said you hot little bit of gold? My wife wanted it. When I asked for this, I got the Gold Bond and it came out, so I need something from it too. So I wrote something for him and gifted it to him saying, come on Baba, stay calm. Ok. The next question is which books should we read to become a better investor?
What Books Do You Read? I think that's the question. Geeta. Geeta. Can you talk about why? Can you talk about it? We do a series on Ramayana and investing, but can you talk about the Gita? This is true. I feel that investing is like yoga; your body and soul have to be aligned. Anyway, I leave this aside.
I feel that maybe I am wrong. We can talk about it some other time. I will tell you after getting prepared. I feel that investing is like yoga; I have also quoted that investing is like yoga; your body and soul have to be aligned. There needs to be alignment between what you are saying , what you are thinking, and what you are doing.
Otherwise you cannot be successful in investing. Ok? So we can learn this yoga from Geeta. Secondly, if your month of March comes and your share is going to zero. After two days you had a sleepless night for four days. Later you emerge and come back. Where will you get that power from? When this will come to your mind that yes brother, the one who is doing it, the one whose portfolio is of Vijay, is different from Vijay's, I am different, all these things which we learn in Geeta, spirituality which teaches us all these things, all of them are used here, all of them are used in the stock market, all of them
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