Posted by So, I was telling the story of How I got started in Investing. If you haven’t read the first part read it here.
So, I had sold all my gold and silver and deposited the proceeds in Bank Fixed Deposits and earning interests on them. This was around mid of 2013. I continued getting a fixed sum of money from my parents and deposited the same in these FDs and RDs. I did this until April 2015.
That is the point where the magic begins.
In April 2015, on the recommendation of an American friend, I read the famous personal finance book “Rich Dad Poor Dad“. And just after that “Learn To Earn by Peter Lynch“.
These two books introduced me, in layman’s language, to the wonderful, wonderful world of Investing. And Particularly Stock Investing.
I immediately got hooked up. I explored the internet and opened mutual fund accounts in SBI MF and Franklin Templeton Mutual Funds. I transferred all my money from Bank FDs and RDs into these Mutual Funds. I educated myself on different types of Mutual Funds available, the risks associated with them, the charges, etc.
In September 2015, I transitioned from Mutual Funds to buying shares directly. I bought 4 shares of SBI at around 250 Rs per share. (as this was the company I was familiar with. I had my bank account with SBI). I bought these shares via SBI Cap securities trading account. They had opened it while I applied for the Mutual fund.
As the Broking charges were higher in SBI Cap securities I researched on the internet and opened an account with Zerodha in October 2015.
Between October 2015 and August 2016, I watched CNBC Awaaz trying to educate myself on what share market is all about. I also read articles on Zerodha Varsity. During this period I bought shares of a bunch of companies without researching them and made a net loss of 2000 Rs.
Having made a loss of 2000 Rs. I corrected my mistake of buying random companies and now bought well known large-cap companies like Infosys, Ultratech cement, Asian Paints, etc. But still, I didn’t read a single line about these companies.
This was October 2016. I also started this blog that you are reading at this time.
October 2016 Onwards, I educated myself rigorously on Investing via all the resources I’ve linked in Resources Page.
I read all the books of Peter Lynch, started reading Annual Reports, watched YouTube videos, read other investors blog and educated myself thoroughly on the basics of investing.
I reduced my holding to just one stock. IndiGo airlines. Which is also the only stock in my portfolio to this date.
I educated myself on the aviation industry in India. I also learned to read financial statements. I attended the quarterly conference calls and also read its transcripts.
Between October 2016 and today December 2019, I have invested mostly in Indigo and participated in the buyback of TCS. I have made over 55,000 rupees in net profit in my investing journey so far. Half of this is via investing in Indigo and Half of it is through participation in TCS buyback in July 2018.
I think my biggest achievement in my investing journey is that I did not lose my money in it. I was careful right from the start. I invested a very small amount initially. I kept educating myself. I never invested in derivatives – Futures & Options. And I learned about the companies in which I put my money.
I am still a noob in investing. I am learning every day. I am learning that Patience is the no.1 quality that any investor could have in the market. I am still investing my money in Indigo airlines. Keeping up with the news in the airline industry and learning to read the financials.
This was my investing journey so far!!
Overall I am enjoying the process and looking to expand my knowledge further by reading more books, connecting with other investors and reading annual reports of some more companies.
Thanks for reading! It was a rather long post. Hope you enjoyed it! Do tell me your thoughts in the comments.
Bye!