All my positions till now have been on the advice of others, with zilch inputs from my side. Predictably, everything went down the drain. Whatever I touched, went way down south. The anti-midas touch was so bad that my friends even blamed me for the Reliance split, since I had bought REL shares. Mind you, just 2 shares. TWO.
But one thing is for sure, the potential of the market is immense. You just need to learn the rules of the game.
Here are a couple of good books, which will help.
- Rich Dad Poor Dad
I consider myself a voracious reader. I read everything in sight, including the label on cough syrups. This book, in my opinion is the most mind-blowing book I have ever read. It should be on the school curriculum IMHO.
- The Five Minute Investor
This book has a very different approach to stock picking. I am currently trying this approach out, and will keep you updated if it works. (Fingers crossed)