I hope you have visited this link to know about my first financial goal. I wanted to explain more about my goal and how I plan to move forward with my goal.
I have assumed that every week I will make a profit of 10% and re-invest the same amount the next week to continue with my investments. I do believe in value investments but I am not keen on pursing it right now. I prefer to play the game with just calculated risks and also ensure that I take risks to maximum extent and all that I will care about is only my premium amount that I am going to invest in the beginning. I am ready for the kill.
This is my path of doing it.
I will invest in shares of companies which are part of BSE and NSE index and I will buy shares at random and keep the shares till it appreciates more than 5%, the moment it appreciates so much I will sell it and similarly if the stock value depreciates by 5% then I will sell it. These are the simplest rules I have kept for myself to play the games. I don’t like too many complicated rules to play the game.
This is my path and I want you also to come up with your unique plan. It is really not that hard to come up. All that you need is a good strategy to invest and get out. It is really very simple. Trust me “You” are no less than the best of the fund managers.
Once I make a decent amount of money then I will be trading in the most risky financial instruments i.e. Futures and Options.
I have decided to update on a weekly basis about my income/expenditure and how I am doing. Basically in software engineer’s terms, weekly updates. :-). I will not be divulging my stock details for the obvious reasons.
Disclaimer: Please don’t follow my path. It is not dangerous but I am not sure. I love taking risks and I feel it is part of life. Stakes are higher, when the risks are higher. That is life. Don’t blindly follow and sue me if things go wrong and claim that I am the one who is responsible. ;-).
I am sure that I can do it and I will definitely do it. Feel free to drop in your comments. Is there anyone who is interested to jump into the stock market?