When I started investing in stock market like any novice investor I had my share of mistakes. I would like to share my experience with the beginners in this field so that they need not learn the hard way. Some of the timetested 'golden' tips which have proven to be helpful to me amid the confusion of all the 'experts' in this field are as follows.
1) First and foremost do not listen to any expert in this field. 2) Invest your spare money in stocks. 3) While investing be prepared for sudden downturn. But do not panic. In a fast growing country like ours stocks are going to rebound. 4) Buy when market is down. In fact this is good time to buy. 5) There is nothing 'best time' to sell the stocks. Decide your profit margin ( but it must be greater than 2% on monthly basis) and exit by booking the profit. 6) If you gain some experience follow the daily ups & downs. U will enjoy the surfing and also the gains. 7) The last and most important - Invest only in blue chip companies. Do not fall for fast growing small companies. We are not 'Warren Buffets'.
Re: Some tips for beginners
by ALOK KUMAR on Sep 13, 2010 03:57 PM
Dear Girish, kindly suggest some blue chip companies, as i am beginer but i want to learn more n more. Kindly share your profits amount and in how many years, if u do not mind. so it will be more easy to
Investing long for 15-20 years may be fine for some % of your Savings(let's say 25%) but for bigger part of saving should be invested through basic technical analysis and rule that maximise the profits and minimise the losses need to be followed to make the best wealth in the market. If you cannot do this then you cannot survive in this market. Volatility will always remain in the market and that is what brings lot of opportunity to enter and exit and then reenter. Learn this art and then you donot need these mutual funds gurus telling you investing in mutual funds or these brokers educating you for their own brokerages and nothing else. I have been in this market for 20 years now and and lot of time I booked small losses to protect my principal and profits earned and at the same time maximised the profits till the market tells me to exit by way of technical analysis.
Re: Technical analysis can save you from your all jitteries
by Rajendra Gupta on Jun 13, 2010 10:17 AM
Please give some examples.Dont talk round and round vaguely.Like Univ profs.Theoretical no practical.Any body can talk like that.
btw, going by the postings below, this looks like an old article reposted again... Has rediff run out of articles? That article on NRN and his son is also an old wine...
Written to revive the investor sentiments so that another bubble can be created... Market economics may be theoretically correct but practically goes against and often defies common sense... Insiders gain... And they write such articles to get innocent investors to bring out their money and put it in air...
The Most efficient way of generating in equity market is to START EARLY AND INVEST REGULARLY.when the market is volatile that is time where in one should invest in equity market directly or through Mutual Fund Schemes to take the advantage of volatality....:) Happy investing
Re: And
by Kuldeep Khatau on Jun 13, 2010 06:44 AM
thats what cheap bhikhari traders do live on insider tips and make money the wrong way...dont drag warren buffet and jhunjhunwala into it...they are real investers.....
