Dear all,
After many years of silently browsing the site and posting occasionally, I am making this thread for explaining my journey and evolution as an investor/trader etc. I will occasionally share some of my investments, my current interests etc. Hope you find it useful in some way.
A little bit about myself:
I am 47 year old, family person, currently based out of Hyderabad. Professionally I am Mechanical Engr from GBPUAT with MBA from IIMB. I am currently full time investor. I left my job last year (2nd time) after spending almost 22 years in Corporate world - primarily with Pharmaceutical companies - Dr Reddys, Cipla, Jubilant etc mostly on the API and Supply Chain side.
My investing Journey:
Well, I have always been enamored with Stocks. I started investing my own money in 1998 from my first job after Engineering. Was not aware about the fundamentals, business and only saw the prices at that time. Lost ~ 1 L during the period out of my own meagre savings in stocks like Manna Glass, Rolta and so many more. Lesson Learnt - Nothing as I could not develop any understanding and rules.
Again started investing after completing my MBA in 2003-4 in MF and also directly through ICICI Direct etc. I subscribed to a trading service also which was a disaster as I let the losses run and book the small profits. This phase continued for multiple years till 2007-08 and led to minor profits despite the biggest bull run in Indian history. One thing I realized was that this was not the way to make sustainable wealth (trading , option etc).
During 2007-08, I came across Theequitydesk.com, site founded by Basant Maheswari. Lot of information was there and started learning and following Basant and different other people on EquityDesk at that time. I also started reading books and trying to develop some understanding of the business, companies etc. This was along the job and therefore I could not devote too much time. However was lucky to have several multibaggers on the way , primarily Symphony (100+ times), Page (100+ times), Hawkins, Repco, Canfin etc for me. Symphony was my first one. Since it was BIFR case and was just coming out of BIFR, I invested 13000/- in the stock and held on. It gave me ~4-5L overall when I exited the stock. Nothing to change lives but told me about power of stocks.
In parallel Page industries happened - I identified the stock at the same time when Basant was initially buying. I would have bought small quantities only but somehow got the information that Basant is bullish. I doubled up on the stock and it became my biggest holding over the next 2-3 years. At that time, nobody knew that it can go from 400-450 to 50000 so I kept on buying as the conviction and story unfolded. This was the first stock where I made serious money on my portfolio.
Canfin was another one which happened primarily due to Hitesh Bhai here. He posted it in this forum. I got interested and picked up reasonable quantities and it did very well over 2014 -16 time frame. Still hold some quantities
I would consider this phase of learning and picking stocks fundamentally as most rewarding phase of my investing career. This ended last year post my leaving the corporate job and becoming full time investor. There were some other notable things happened from 2015-2020 which I will detail in another post later.
Thanks for reading
Nikhil
14 posts - 8 participants