Comments on: Shares…Shares anyone?

By: Ashish

Ashish — Thu, 23 Nov 2006 08:41:25 +0000

Stock market is a risky proposition. But all non-risky things will not give you good returns. The trick lies in striking the right balance.

Stock market most times is more like a gamble. Of course, its far better than race horses or flush and can be a calculative gamble.

But before entering stock market, we must decide the maximum loss we are willing to incurr in a year or a month. There is no end to greed and desire to recover lost money. But if the limits are decided in advance, we will remain safe.

We have a trusted broker. We give him a cheque and a time frame. Both are kept somewhat flexible. We keep in touch with him during this period (usually, on phone, 1-2 times a week). At the end of the period, he comes back with a bunch of contracts/bills and a cheque. Touch-wood!! So far we haven’t lost any money. If there are some scripts worth holding, we hold them for a longer period.

The cheque that we give him initially is our maximum risk for that period.

By: rahul

rahul — Wed, 22 Nov 2006 19:00:54 +0000

my close friend family vanished during KP’s bull bash, before that bull’s run he having shares worth 10 lakh Rs, after bull become goat , shares worthed few thousands.
ok people says if u play safe & with caution u wont burn hands but this game always involve luck also.

By: Bhavik

Bhavik — Wed, 22 Nov 2006 14:14:07 +0000

Hi Deep,
I agree with Ashish, you should never speak out in public what and where you are investing. Touchwood n gud luck n keep going:)

By: Ashish Patil

Ashish Patil — Tue, 21 Nov 2006 19:13:32 +0000

Deep ki boli, usiko sunaye, wah wah!!

By: Deep

Deep — Tue, 21 Nov 2006 09:26:37 +0000

lol haha

By: Ashish

Ashish — Tue, 21 Nov 2006 09:20:54 +0000

UPDATE:
Here’s a link for your reading
http://www.whoisdeep.com/2006/11/21/to-trust-or-not-to-trust/

By: Ashish

Ashish — Tue, 21 Nov 2006 09:17:23 +0000

Its not about you getting into instant trouble for this! Its a matter of privacy. And yes, you never know Income Tax people must be reading your blog!

Jokes apart, your finances and financial investments are too personal to be revealed in a blog

By: Deep

Deep — Tue, 21 Nov 2006 07:11:01 +0000

Thanks Ashish but I don’t think so it will cause me any problems as I don’t hold the shares of that company anymore and even if I had, then too it wouldnt have been much of issue I think

By: Ashish

Ashish — Tue, 21 Nov 2006 06:55:19 +0000

Since this is out in open, let me “spank” you openly.

Why the hell do you need to tell the world about where you invest? Somethings are better kept away from the public eye. Please remember that a few people will feel happy for you, but more people will feel jealous and pretend to be happy.

As for LIC, you have missed one bus, don’t miss the other. Every b’day is a bus. Premiums are calculated on your age. So don’t delay any further. You will need to spend some time (probably a couple of months) on deciding which policy to take.

Take opinions of a few agents and study all options. There are many insurance companies and too many policies. But I personally prefer LIC

By: Deep

Deep — Tue, 21 Nov 2006 06:29:23 +0000

Yes, exactly and that is what I am investing very small amount to understand the market. I will first get used to it, understand the things and then put more money into it. Putting more money without knowing the market wont be a good move at all.