It took me 3 years of reading and different permutation and combination of methods to find the right formula for MYSELF. It took me a loss of more than 50k when I started 4 years back (a big value that time compared to my whole portfolio; I write it off as my fees to learn this wonderful course) to realise trading and short term is bullshit if you are in to make big wealth. Trading may make you small gains but real wealth lies in long term. After spending 8-10 hours of reading books daily for an year and a half in Crossword, my house, etc, reading close to 20-25 finance books (some again and again), reading Buffetts shareholder letters from 1972 to 2013 every 6 months, making note; spending whole nights (sometimes weeks) researching a single company, gut feeling, developing the mindset to see my portfolio fall 40% in value and still hold on to my holdings because fundamentals are intact (mindset part is really tough); these are the things which has happened in the background when we see the results now. The main purpose for this status is that if you are in to the market for BIG gains then you have to give in the hard work or else simply invest money in a good mutual fund via SIP (systematic investment planning) for a Loooong term to enjoy the true benefits of wealth creation. Its not a bad thing to take the help of a professional to build wealth.
Posted on: Sun, 21 Dec 2014 18:59:34 +0000
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