Hey friends! I’ve got something important to talk about today.
Today I will talk to you about the incident due to which I chose the stock market. The thing is 2008 when I was doing my graduation from Indore. My day routine always started with reading the newspaper even today. I love reading news, especially reading business and sports news. 2008 was a time when the global economic downturn had subsided. And many multinational companies were retiring their employees. Many companies have been declared bankrupt. Many economic specialist expressed their view on the economic downturn, one of which was Warren Buffett, one of the most successful investors in the world, I read his interview article in the newspaper , he said that it is a good time for investors to invest. He believed that the world would soon come out of the economic recession. I was very influenced by reading his interview article. To find out why he was called successful investor in the world, I started researching on the Internet about him. And the more I read I was surprised by the facts figure out. His journey started from 11 years of age to become the most successful investor in the world was exciting. This was an incident of my life which encouraged me to invest and for an investment option, I chose the stock market. And how fortunate I was that I had the opportunity to enter the stock market at such a time when it was the best time to invest. After that, I started a lot of research on the stock market and get very important information from online sources. For instance, how the stocks are trade? How to open demat account? how to buy shares? After buying shares how to sell it? how much brokerage i have to pay? What is online and offline line trading? how long I keep the bought share?. Online resources help me a lot to figure out all the answer of my questions.The time of 2008 was a time when investors had the atmosphere of fear, but I was fearless because I am totally new to the market. After doing a lot of research, I choose Geojit Financial Service as my broker and opened my demat account. After opening my account, I got a login id and password too. It was a very exciting moment for me to see the live stock prices up down momentum. In this trading window there was a lot of several things besides shares price, which I had to spend time understand, like bid price, offer price, technical charts, company events, and many more. All these things took me about two weeks to understand and learn, everything that I learned from myself. There was no one to teach or guide me. But I also got the benefit of learning from myself because I believe what things you learn by yourself, things last long helps in enhancing your knowledge. In this market you can not invest on the basis of someone else. The knowledge gained by my own self can lead me to success one day, I understood this very well. Apart from Geojit, investment ideas were given which I used to read and inspect. I also found out about some websites which was giving me the facility of demo trading where you got an initial amount for the investment, for which you would get an idea of what profit and loss would be. For one month I practiced on these demo websites. So friends, I told you in this post what things inspired me to come to the share market and how I collected all information from the account opening to the investment. In the next post, I will tell you how much money did I start my investment.
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