Tuesday, May 4, 2021

The Power of Patience-A Real life Story

                        Thers is an old saying "A man who is the master of patience is the master of everything". Yes, thats true. If you have the patience and have the attitude of not giving up you can master everything in this world be it in Stock Market or be in you career and life. I'll depict a small lesson of my stock market investing journey.

                        Stock market was another world for me before joining a stock broking firm just after I completed my Masters degree in Finance. I learnt how it works during my studies as usual but I didn't know how people like Warren Buffet, Rakesh Jhunjhunwala, Radhakrishna Damani made  tons of money from stock market. I was in Sales Department of that stock broking firm. We had three employees in our office , A manager, a dealer and myself. Still we have been doing a great job both trading and selling of financial products like Mutual Funds, Insurance et al. I was in charge of conducting programs in different institutions , generating leads from it and ultimately selling our products to them. It was that time I got to learn about stock markets. For convincing the leads I had to learn about it and should be able to clear their doubts on it. Hence, I have stepped up my game in stock market investing.

                    Mutual Funds was my area of interest at that time. For common people who have little knowledge in stock market can use these simple products which constitutes a large bunch of stocks/securities of companies thereby decreasing their risk considerable based on the funds they select. This was most easy to convince people and I have sold a lot if it during my tenure.

                Later on I moved on to another company when I eventually realize Sales Man was not my cup of tea to be honest. I handled accounts role in the new company which seems to be my designated career goal. During that time I realized the importance of stock market investing , how it can be used for wealth creation. 

                I was lucky enough to find some colleagues who are more than settled in stock markets with their research and views on companies. They have made me crazy about different companies , their future and other stuffs. I happened to be taking a page from their advices and started buying individuals stocks myself unlike investing in mutual funds which are the most preferred way. After some time I found how interesting a place to be in stock markets. Just looking at my portfolio I happened to laughing at it to be honest .



                The above is one of the stock I bought during that time. I bought only small quantity but I have no regrets for it because I was a novice at that time . I bought ten shares of Happiest Minds which is an IT company which is more of digital service provider . I had researched about the company, its prospects, its future and financials before buying it , I was fortunate enough to find my research to be on the spot.

I had waited for almost a year to make it grow to this extent which I'm very good at. Just waiting at the right moment to fire. 

My message to all of you is to wait , wait, wait.. as long as you find this kind of miracles.

Cheers😇



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