MY MONEY JOURNEY
I wrote this on a Facebook Page called Longterm Investment Strategy (www.rejems.com) .
First time, I, alongwith my brothers, invested in primary market. Those days, primary market was wonderful. The regulator used to fix the price or approve the price of new issues at very attractive prices. We used to get allotments almost always and used to sell our new shares immediately after we receive share certificates at around 30% and above the allotment price. We felt good.The money this earned went for our 3 sisters marriages. Thereafter, we stopped.
Much later, I and a friend started investing in secondary market. I used to spend at least Rs.100 in studying a company from numerous newspapers, periodicals etc, before investing a Rs.1000 in it. Our investments were not big. But, we did make reasonable profits.
Much later, after I retired from service, I started to think of investing again. I opened account with icicidirect in 2009, and from then on, I started investing my pensionary benefits in stock market.
But, this time, there is no need for a manual broker for buying and selling, as icicidirect facilitates instant buying and selling on online Basis. The old hazards of manual brokers is almost completely avoided. There is much greater transparency in dealing with icicidirect.
Yet, the money journey continues and is highly satisfying."