저자: VijayKedia · 외국인
요약 보기
하락장에서 트레이딩은 위험하니 장기 투자 관점을 가져야 한다는 주장. 투자 방식은 뮤추얼펀드 위탁 또는 직접투자로 나뉘며 직접투자 시 지식·용기·인내가 필요하다고 강조. 본인 경력 회고(손절 중요성, ACC·Punjab Tractor 등 장기 보유 성과)와 인도 경제 성장(연 7% 성장, 인프라 투자, 인구 증가)을 근거로 인도 장기 성장에 대한 낙관을 제시. 구체적 개별 자산의 1~3개월 방향 예측은 없음.
다듬은 글
Okay. And everybody wants to begin their career in stock market from trading. Okay? So, as I have so many times told my friend that trading, if you are smoking, you can die in 10 years or 20 years. But if you are die but if you are trading, you can die next day. This is very much applicable in the market.
You have seen the turmoil which happened last month or in last 1 month in stock market all over around the world. So, if you want to approach if you want to make your career into stock market, first thing you you should remember that you are not going to trade in the market. You are going to invest in the market.
That is for long term. And there are two way that you can invest in the market. One is through the mutual fund. And one is through your direct investment. If you are investing through mutual fund, then you don't have to worry. Because it is like hiring a driver for your car. Now, he'll take care of care of your investments.
That does not mean that that is not a guarantee that you will make money, but there is an assurance that at least you will not lose money. Or even if you lose money, you will lose money you don't have to you will not run away from the market. If you are in good hands. If you are being if your investment is being looked after by a mutual fund.
So, now the thing is this. If you are investing directly, then you should remember three things in the market. One is knowledge, which is very important. Second thing is courage. Otherwise, you can't make big money in the market. And third thing is patience. If you don't have patience, because stock market is speed is so high.
It's like a Ferrari. In itself, it has a speed of 300 km, 100 km in 5 seconds. And but you want to make money faster than the Ferrari. And without any economical knowledge, you want to do that. You are bound to meet with an accident. So, this is what the summary of the market. If you're looking from a long-term perspective, you will be a winner.
If you're looking from a trading perspective, you will be a loser because hardly 1% people make money in market. And so, this is what the introduction of stock market. Now, I will give you a brief tell you brief story about myself. This was Mr. Vinay also a little bit. So, I started market my career in stock market in 1978.
But I started out of passion, out of compulsion. Passion because I was born in a stock market family. My father was also a trader. So, I had this thing in my blood. So, I was I remember in the in my childhood also I used to do mock trading with my grandfather. So, that was my passion and compulsion because my father died when I was 14 years of age.
My father was 40 years of age. So, I had no we had no money to do any any any business. So, when I turned 18 years of age, that was the criteria to join stock market. So, I joined stock market out of compulsion. Because trading was the only thing where you don't need any capital, you don't need any infrastructure, you don't need any academic knowledge also.
It's like gambling. Without knowledge, if you're doing then it's a gambling. So, I started my career and for 10 years I I was a trader in the market till 1989 as Mr. Vinay spoke. So, in between I saw a lot of ups and downs. Maybe 1,000 times I went up, 1,000 times I went down. But I remained hand-to-mouth only.
So, that is the conclusion of the trading in the market. So, and situation was this that I did not have the money to run my day-to-day family expenditure also. So, a time I remember a time came when somewhere in around 1983-84 that I lost a lot of money in the market, a lot of money in that that in that in that time maybe 20,000-30,000 something.
I don't remember, but that uh in that that for that time it was a big money. So, I prayed to God that God, please save me this time. Uh if I recover my money next time, I'm not going to come to the market." So, because I had to make the payment. At that time, payment used to be made uh we used to make payment in 15 days time, not like um T plus two that day after tomorrow you have to make the payment.
There was a time gap of 15 days. So, I and in between I started some supplying business also. I used to supply uh in tea companies, GI wire, gumboot, umbrella, and all small small things I used to supply because market used to open only for 2 hours and after that I was free. But I was not making money also.
So, I I say, "God, please save me. I will go I will go and do this my supply business, tea tea company business." So, God listened to me, fortunately. And maybe next two or three days I recovered whatever money I have lost. So, although God listened to me, but I did not listen to God. So, I continued my uh trading into stock market.
Uh And God was also kind to me. He forgave me for my breaking my promise. But I learned a very big lesson in that uh time. That was stop loss. That's cutting your losses. Remember, even if you are trading in stock market and if you are not cutting your losses, remember my word, I can write it down, nobody can challenge this thing on earth, 99% of times, if you are cutting your losses uh in the market, even out of one time out of 100 times, if you will not cut your losses, you will go bankrupt.
Please remember this thing. If you are taking trading as your career, please remember this thing. This I'm telling from my heart. And I think it's it's difficult to challenge, okay? In the sense, if you are not cutting your losses, you are going to wipe out. So, now coming to the trading, so, I continued like this.
But in 1989 I realized one day in '88 late '88 I realized that this is not the kind of life I really wanted. I came here to make some big money. Uh I ambitious obviously. So, not just to struggle for my like a daily labor to struggle for my daily wages or making money. So, I looked around in the market, I found the people who were investor hardcore investor in the market were really well off.
They used to wear good clothes, they were educated, talking all in numbers terminology like numbers you guys are talking. Okay. So, and and plus they were looking happy also. So, I thought maybe I was missing all these years. So, I should Can you tell me how much time I have, please? 15 minutes. So, I will wrap up fast.
Okay. So, I switched over from the two investments and I started reading magazines started reading newspapers and annual reports and all those things I started which what a new investor start their career with. And somehow in 1989, I had saved 35,000 rupees. Why I'm telling you this? This is the outcome of the person who is coming from a stock market family.
Okay, I I am fifth generation into stock market and all my you know, father, grandfather were trader in the market broker. I was not a broker. So, but even then I did not have money. Staying in a rented apartment and 35,000 rupees I was having in 1989. I find out one stock Punjab Tractor as Mr. Vinay said and I invested all that money 35,000 in Punjab Tractor.
So, that was the kind of risk I took in that time because I I was habituated of living on you know, I was I was enjoying my hand to mouth status you can say. So, that is the kind of risk I took and ultimately after 3 years that stock went up five or six times. In 1989, I came to Bombay and I started living in a paying guest for 2 years.
And finally, I discovered a stock which is ACC. At that time it was 300 rupees and I found cement was decontrolled. Government has decontrolled the cement. So, the after effect of the decontrol has started showing all these companies started showing in their results. So, I bought ACC at 300 rupees. For 1 year, it did nothing.
It moved nothing. And whatever money I had sold my Punjab Tech as I said it did went up five times. And whole money I had put in ACC. So, for 6 to 1 1 year, it did nothing. But after that when it started rising, it became 3,000 rupees in next 1 year. So, this is the kind of return this is the kind of speed you can see in stock market.
But you need to you have to be patient. I sold all my ACC at 3,000 rupees and bought my one my own apartment in Bombay. So, that is the beginning of my career. After that, Harshad Mehta scam broke out and stock market is also very famous for a scam. Every now and then every 3 years, 5 years, you will find that scams are happening in the market.
You have to take that take that also in your stride. And market collapsed. All my stock also collapsed. But my cost price was still below than the prevailing market price. So, pricing is also very important in investing. If your price if you are paying a if your investment price is very low, then you can face all this turmoil happening in the market every now and then.
After that, Harshad Mehta scam, market went down, then after that market went up again or touched the new height. Then Ketan Parekh scam Ketan Parekh came, IT boom came. Fortunately, I could identify one stock which was the name of Leading Edge at 40 rupees. It went up to 2,400 rupees. I sold my stock at 700 rupees.
And after that again a scam Ketan Parekh scam broke out which was the mother of all the scams and stock market went half. I also lost my money, but still my cost price was better than the prevailing price after the after that. After 2000, people thought the stock market career is over and stock market is gone.
3 years market remained low. And after then but the thing is this, we are in a rising economy. Since '79, our economy is rising in spite of all these hiccups and all those this this things, especially after 1990 but because reform started happening in India that we know. So that is why stock market is a real reflection of the economy.
So after 2003 market again started going up. During that time as Mr. Vinay said, I could identify five six such scripts which did really well in next 10 years. Some went up five times, some went up 50 times. One stock went up 500 times. I'm still holding those shares. And I still feel now again market has again taking a toll.
Market all over the world is again going down because of the banking crisis in India and abroad also and for so many other factors that China is not doing well and so many other but I think you can understand that whenever there is a there had been a crash in the market, market always recovered with a big bang and market crossed its all previous high and market went up multiple times than its previous peak.
I think again Indian India future is very bright. And we are the only country in the world which is rising we are growing at 7%. And we are India government is going to invest 1 trillion dollar in next 5 years. 15 lakh crore we are going to invest in power. 8.5 lakh crore we are going to invest in railway.
7.5 lakh crore we are going to invest for road widening projects. And like this and plus we are adding 200 2 crore people we are India is adding into its population every year. That is incremental demand India is going to face. According to me we are having a very very bright bright future and we can be benefited in this investing in the stock market but you have to follow certain principles.
I have written down 10 points for you. I think if if you follow those 10 points in your life, you will never be at least defeated in the market that I will share you all those 10 points.
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