Stock Market is a place where everyone comes to create
wealth. A lot of emotions, sentiments and feelings get attached to a stock when
it rallies to reach its peak. Have you ever wondered why people give tips so
that their clients can earn?
Most of us who are related to the stock market know that
tips are hazardous and they can only destroy wealth of a trader/investor. But,
imagine why all these paid call providing companies in existence till are now?
A lot of people blame these companies for providing wrong calls, many blame the
stock market for moving in the opposite direction as soon as they buy a scrip
but there are very few who blame the trader/investor.
I truly feel that it’s the trader’s mistake always. First of
all, if he was a beginner, he shouldn’t have taken the calls. Secondly, stock
market is never wrong because the truth is that stock prices are operated by
the emotions, feelings, sentiments of millions of people and its simply not
possible for a single person to know the feelings of millions of people.
Therefore, market never makes a mistake.
Imagine you are driving a car and you
met with an accident. The car collided with a truck and is damaged all over.
Whom would you blame for the accident? Definitely not the car but the driver.
Similar is with the stock markets. Stock market is the car and the trader is
the driver. Knowledge and experience are the most important elements for
becoming a successful trader/investor.
So why do these paid call companies provide calls if they
can predict the market completely? Or what is the need to provide calls having
95% - 100% accuracy? They can earn for themselves and become billionaires
within days. But this does not happen. So should you rely on these companies?
The answer is no.
But I won’t say paid calls are bad because it ultimately
depends on the trader to execute the calls. So If you know a genuine person who
is providing you calls and is in contact with you for lifetime, I would say –
You can trust him. These companies always have short term relation with the
client but we believe in long term relations.
Apart from trading, how about investment ideas? If a person
is providing you investment ideas with analysis for a minuscule fee, then that
is great right. Portfolio management (PMS) requires a lot of patience,
attention, regularity and stress. So, its not possible for a person like me
having not to many people to work to do PMS. Therefore, I provide long term
investment ideas with complete fundamental analysis explained.
Warren Buffet made his fortune out of 22% annualized returns
for over 50 long years and people hope to achieve that in just a few months.
Note that no one in this world can provide you 100% sure shot calls but through
rigorous practice and experience, one can earn consistently from the markets.
As we all know investing in the right place at the right time is very essential
to take the most of it. Therefore, stop finding the exact entry point and exit
point because its simply not possible to do so.
At some point of time in life, everyone requires a person
who can manage their money in a better way than the FDs and RDs in banks
because earning money doesn’t make you rich but managing your money does. From
childhood we learn a lot of things which have no practical use in day to day
life. For a lot of years we studied in the school, then Junior College and then
Mostly Engineering but how many of you recall what you learnt all these years?
Or how many of you can say for sure that I am currently applying the knowledge
I gained for 22 long years in this job?
Most of the subjects we learnt do not have a practical use
in our day to day lives but the one subject that is the most important one is
not taught in our schools. That is “Financial Education”. We are always taught
to work for money but no one told us that our money itself can be used to
generate more and can grow at a much higher rate than lying in the banks. As
Robert Kiyosaki famously quotes :- “Don’t work for money, let money work for
you”.
Stock markets are not risky if you know the reason why you
bought a stock and if you are confident enough to sell the stock at the right
time. If you are wary of the company’s fundamentals and know that your
investment is right, then why to worry! Rest of the work would be done by the
market. You just have to wait.
So to earn consistently in the markets, you need to have
knowledge first. Add the subject of financial education in your lives and
educate yourself. Remember, “Investment in knowledge pays the best interest”.
BY ABHIRAM DAPKE
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