Today i bought my first share , after two months of having account with sharekhan and indiabulls. I always use to listen my colleagues talking about this and that stock….being completely unaware to this part of financial jungle i use to listen them as a dumbo…… wondering when i will be part of their discussion..feeling happy , floating above the clouds and giving treats when my share go up and feeling sad on vice versa..
I was spending lot of time last days on few shares daily rates and all and on other side boy is also equally excited & doing his part of gaining knowledge about these complex terminologies.
Now the question arisis why i m entering into this market when everybody else is coming out and also many people lost their jobs because of this economic slowdown and we have seen many big organizations going bankrupt. Everyday all of us watch news eagerly to find some signs of recovery.
I got courage to enter into stock market at the time of recession after reading Adam Khoo’s blog about how those who utilize this time of crisis by buying when shares are close to their lowest price become millionaire . And who doesnt want to be millionaire :-p Also as elections are coming government is leaving no stone unturned to fire up the Indian stock market.
And here i m listing few steps you should keep in mind before coming to this jungle of shares.
- Dont trust on frens , peers and so called experienced arround you before finalising which share you are gonna buy.
- Its always good to first get your account on one of the trading site and read their daily updates and suggestions ( I personally found sharekhan good as it can be used both for shares as well as Mutual funds)
- Before investing spend minimum two months in keeping eye how market is behaving with the news arround you like when elections are coming..when petrol going cheaper , any major changes in world economy like recent obama mania etc.
- There are few good sites for getting daily stock updates and thank god they are still not blocked in my company
http://www.paisawaisa.com/stocks/
http://www.etintelligence.com/etig/login/home.jsp
- Always use money which is spare and whose complete loss also doesnt bother you much..( this is to keep your BP low when share market falls )
I bought Satyam and Apollo tyres shares and wishing myself lots and lots of luck with these
