I am sharing a story sent to me via email by one of the readers of TIPBlog. Here, this reader is narrating this experience about multiple attempts to make quick bucks from stock markets. After the story I will present my views and thoughts about it.
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Sometime in 2002, March/April, I was doing my engineering and started working for a call center in the night to take care of my extra spending. I never knew or thought about stock market or any kind of investment. I spent two years in call center and spend many hours in the night watching CNBC after coming back from work. I learned few things about banking, credit cards, insurance, investment, and so on. In two years, I watched markets go up. I always thought I should invest in IPO and make some money on listing. However, I could not do so because I didn’t have a Dmat account. Continue reading rest of this article…
the euphoria of RPower. That was when I actually came to know the ‘ABC’ of stock markets. I wanted to make quick bucks (and still in that mindset I feel) and subscribed to full limit thinking it would double in no time after listing. I even borrowed from my brother to invest on his behalf. I didn’t know what was a ‘bull’ or ‘bear’ and just blindly went on buying stocks which propped up in media and held some 2L worth of stocks during the Feb ‘08 – June ‘08 period. I didn’t even know that a fully charged bear market was ongoing until it was too late for me to grasp the various terms and happenings around the world.
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