How should i start. Lets fast forward 4-5 years and see in hindsight.You don’t make extra ordinary gains in bull markets but in when you buy in bear markets. What would happen in the markets. A very famous investor once taught me(on a youtube video). There are 28 floors on the Bombay sensex building and when someone says buy from the 28th floor and no one replies. Being that voice to affirm the buy is in born, contrarion, rational or gumption. Whatever you want to call it.
Buying stocks at 3-4 p/e or Ev/ Earnings before taxes of 1,2 or 0 with roce of 20% avg for last 5 years. Don’t know how much money i will make or compounding. But chances of loosing money are quite minimal. Enough of analysis(to much analysis can lead to paralysis). If you can keep your emotions in check, you will do quite alright or rather you can be greedy right now when others are fearful and be fearful when others are greedy in the future. Only cult leaders and fools are over confident and have all the answers in the world. If you believe in probability, you would understand what i want to say.
In short i would say its time to get Rich.
Books am reading
- 5 rule of successful stock investing. By Pat Dorsey
- Hall of mirrors by Barry eichengreen
You would learn a lot from these books.
