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if you are smoking you may die in 20 30 years but if you're doing fno you may die next day remember this of course I have tried fno I have I have made money in fno then I burned my money in fno and then I learned this lesson that uh it is difficult for me uh to make money in fno let me tell you I must have written at least 10 songs warning all these investors to stay away from all this uh short-term things and trading and fno and all but nobody listen all my stocks fill 20% and 25% even 30% so that is part and parcel of this business so that does not disturb me at all I have learned this it's okay 20 30% fall in this market is small in midcap is nothing a froth in no doubt about it but the same fro you will find in secondary Market also PSU should do well I think as long as this Indian economy we cannot imagine I think uh this 30 40 trillion economy of amital without contribution of psus so I think their future is very bright but obviously this fall rise and fall will keep on coming in the market this fro will keep on settling and uh one has to be prepared for that then there is no problem some Revolution is going to happen in India you know some animal spirit is Awakening up and something big is going to happen even after the after the election after the new government is in place markets are hitting an all-time high and people are getting interested in the markets like never before and in this situation who better than to take advice from the market veteran himself Mr VJ Kia hi sir thank you so much for coming for this interview sensex recently touch 75,000 points and you know a lot of people are coming to the market and markets are evolving at a rapid Pace right but when you first formulated your idea of picking stocks which you defined it calling it by the by the name smile so has your investment philosophy changed and for new investors could you please explain what you mean when you say you follow the smile philosophy so first of all actually smile formula uh I created the word later on first I started investing in the market and later on I realized I looked back and I found that maybe I am following this formula it came by Instinct let me tell you I did not read it anywhere nobody taught me also whatever I observed whatever I uh learned from watching people observing people so it happened with me I did not do it it happened later on I realized this maybe I am following this formula because I you know compiled all the things what I'm doing then I found it is fitting in this smile formula that is small in size medium in experience large in aspiration and extra large Market potential in simple words like I am investing in small and midcap so that means the smallest company or the medium grade company in that vertical and the management should have a 15 20 years of experience so that they have fallen at at least two three four times and they have learned their lessons and secondly the large in aspiration that Reg company should have an aspiration to become a national and from National to multinational something like this and and extra large Market potential they have should have a immense Market opportunity like as I always say that I don't want to uh you know I'm going for I usually like a fish in the ocean not a crocodile in the pond this is what I'm doing for myself and so far it has been helping me and I haven't changed my formula at all as on date while I'm talking to you and you mentioned you look at small company and currently as you already know the hype in small and midcap funds sebi has said there might be fraud in the market so personally since a huge tunk of your portfolio is in small and midcap do you see any issue there in personally my portfolio by lrs I don't find any issues because I think fundamentally companies are doing uh good and going forward I think they should also perform well so I'm not worried about them although when Market fail you know last month all my stocks fill 20% and 25% even 30% so that is part and parcel of this business so that does not disturb me at all I have learned this it's okay 20 30% fall in this market is small and midcap is nothing it's okay SE is little worried about mutual fund not being able to liquid liquidate their uh portfolio in small Cap Fund so they are doing all this uh stress testing and also have you done stress testing in your own portfolio because you invest in small companies I don't want to do any kind of stress testing I don't want to take any stress I know if I will because I usually buy in percentage usually I so I am like you can you can call it m who knows how to enter doesn't know exit so my exit does not depend on me my exit depends on the company and as well as with the market when there is a bull market I may have an exit otherwise I I don't have an an exit as per My Wish also uh V is a one very interesting Trend we're seeing is in the I IPO space so they have raised a record number of uh funding through IPOs and you know lot of people if influencer in Instagram and uh telegram they're promoting this uh very small company so what is your opinion have you tried your hand in the yeah of course I have invested in three companies inme and uh there are so many uh fake account opened in my name with my picture and with my name on Telegram and Facebook and WhatsApp and Twitter and and uh so all these social media and all although I do not advise people neither I take money or without fee and with fee I'm not an adviser I don't advise but people have opened this account and there is a fro in u u no doubt about it but the same fro you will find in secondary Market also you know but since nowme has become a a fashion become a trend now so many companies are coming every month obviously there would be not that 10 out of 10 companies will be very you know although 100% perfect there would be uh some fraud there would be some manipulation but that is also in the secondary Market also so it is your wisdom you should avoid those kind of companies where you find that there is some fra or there is some Euphoria you should avoid that that is your wisdom if you don't understand this thing then you better invest to mutual fund don't try your hand so for a new beginner you wouldn't recommend all this small company should avoid should avoid should avoid because they do not have that kind of education or wisdom to understand they should avoid all this not only even the secondary Market also they should avoid they should invest to mutual fund they should learn Integrity of investing for 3 4 years and then they should start investing directly into this market so recently you uh released one very interesting song and the line goes nine out of 10 Traer losing money bro and but lot of bro are investing money in fno and in fact doing trading so what would you like to tell them no time will tell them I don't have to tell them hold my life let me tell you I must have written at least 10 songs warning all these investors to stay away from all this uh short-term things and trading and fno and all but nobody listens and you know the beauty is this like somebody tells me meet meets me at the airport nobody listen I always say this thing so they will learn hard way because there is no shortcut in this market is written on the wall there is no shortcut in the market no newcomer can ever make money making money is different but retaining that money is another thing so until unless you complete one cycle bull or be Market cycle until unless you give all the exams you can't say that you have passed the exams right you have to give pass in all the subject then calculate total number is calculated no when you appear for the exam so that is that will tell their picture that will tell their result and their remarks or marks sir have you personally tried fno I read that you started investing while you were 20 22 23 I'm not sure if fno was of course I have tried fno I have I have made money in fno then I burned my money in fno and then I learned this lesson that uh it is difficult for me uh to make money in fno maybe I'm I'm not made for that kind of temperament so and as CB says that 10% people are successful in trading I think 1% people are successful in trading the most of the people uh who are benefited uh from this fno are Brokers only and other charges whatever charges you are giving so they are your they are fair weather friend so the last question I have is on the PSU rally so the PSU index has been you know doing pretty well for a while so what do you think will be the way forward I think future of psus are very bright because the attitude of all these the uh key persons of or or the government uh has completely changed uh PSU should do well I think as long as this Indian economy we cannot imagine I think uh this 30 40 trillion economy of Amit Khal without contribution of psus so I think their future is very bright but obviously this fall rise and fall will keep on coming in the market this fra will keep on settling and uh one has to be prepared for that then there is no problem so so the general election is coming and when the election come there's a lot of talk about how the stock markets will perform and you know where it it will go so what is your thought on on the current you know uh stock stock market situation and how it would react to the election I think Market is discounting that Mr Modi or BJP is going to come so this is what Market is discounting I think uh so maybe usual it happens in the market but of course none of my investments are based on what I'm saying now usually it happens that as they say in the market then buy on rumor sell news so maybe this Market is uh Rising before the election so maybe after the election maybe Market uh May react a little bit as I said this reaction and action will keep on happening in the market forget about that part and all so I think Market is now bullish and discounting uh Mr Modi as a prime minister so and when I look at Mr Modi let me tell you the way the guy speaks the way he speaks the way he says some Revolution is going to happen in India you know some animal spirit is Awakening up and something big is going to happen even after the after the election after the new government is in place one line you would tell to new in investors it Market as a business what about one line to fno Trader if you are smoking you may die in 20 30 years but if you're dring fno you may die next day remember this when someone wants to start with in investing what should he or she look at no I I said treat Market as a business not like a casino it is a line of one of my poem also treat Market as a business not like a casino how many stocks should one own in a portfolio it depends like if you are a new in investor just entered into the market and want to invest directly then you can have 15 20 stocks not more than that and not should not be less than that also 1520 SX is currently 75,000 points when will it reach 1 lakh within 3 years 2 to 3 years
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