My initial investment amount

Hello readers, how are you guys I hope you all will be good and healthy. In this post, I am going to tell you about my first investment. As I told you that I had opened my demat account in the Geojit Financial services. Please make sure you read my previous post.In which I explained the process of opening a demat account in detail. After opening a demat account, I transferred 2,000 rupees with the help of internet banking to my demat account. Yes I started my initial investment from 2000 rupees, in fact I did not even have 2000 rupees at that time. For those 2000 bucks, I had to sell my Samsung mobile. After transferring the money, my demat account started showing 2000 rupees, I could now buy the shares up to the price of 2000 rupees. But this was just an early start, my next exam was now started. At the time, the first question to me was that, at which price I should buy. Which company should I choose for investment so that I can get a better return later. I had to choose a company which is fundamentally strong, which reduces the risk on my investment. So I chose Reliance Industries for my investment. Yes, the company I purchased the first share was RIL Industries. I bought two shares of Reliance Industries at a price of Rs 980. By the way, there were many reasons for Reliance to choose for investment, such as the company is very popular among the investors, the company's economic situation is strong, the company also gives dividends to the investors. By keeping all these things in mind, I started investing in Reliance. My decision proved to be very good, after 6 months of my purchase the company's shares went up to Rs 1,200. However, I had booked my profit by selling shares soon. In that case, I did not know anything about long-term investment, whose importance came to me over time. There are many benefits of long-term investment. I was also fortunate enough that the first share taken by me was giving me handsome profit. Instead of spending that profit, I used to invest that money again. But some wrong decisions were also made by me, which I suffered in the form of a loss. For example, I will tell you, Aakruti City, which was a reality company, I invested money due to its share showing very sharp positive momentum. But after purchasing that share I realize that I was stuck in his speed, after that this stock came down heavily and I suffered a lot. I learned this from all these things, before investing, it is very important to have a complete financial overview of the company. Or we can also say that without the basic observation of a company, we should not invest in it. I hope this post will prove to be very helpful for new investors.

Things I learn from this incident

1.Never make an investment decision on the basis of share price.

2.Never let emotions dominate your decision.

3.Only after conducting a full investigation into a company should decide the investment in it.