Rajesh Sharma
My personal experience at the beginning of investment was unique. I bought SCB at 7900, which jumped to 9000 within a couple of days. I was thrilled.
SCB started to fall down and within a couple of years, it reached to 1300. Though, in-between, I learnt several lessons and bought some more SCB shares for averaging. Loss makes you lot more inquisitive and you learn deep and fast. Now, SCB price at above 3400, I have made quite a fat profit by averaging, bonus shares and holding nearly all I had bought.
With this experience of troubling time and rosy days, I think, I am qualified to advise to friends who are in a beginning phase tat includes from take off stage to a year of investment/trading.
1. Please go with good companies. You may not get great return but you will learn much better and much faster with profit or minimal loss.
2. Please select low price range companies.
3. Put money in installments. If you have decided to invest One Lakh, buy now of 50,000 only, see and invest further.
4. Rather than keeping a company for long, better roll on. Increase the number of transactions. It will expose you to new risk ventures and also give you opportunity to learn about new companies with limited amount of same money.
The above points will lead me to some a bit dull companies like NIBL and Nabil to start with. These companies may not give you higher profit instantly, but will not let you down.
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