Growing up in India, I think most of us have heard of an uncle who used to play with stocks and lost a ton of money. I also heard such stories and I had fully imbibed that buying stocks was as good as gambling. Only reliable sources of investing were fixed deposits, or buying some property like land, house or shop. When I came to the US, buying any property was ruled out, close equivalents of fixed deposits were giving close to 0.5% return. Of course, I did the most sensible thing with whatever money I was saving out of my stipend, I kept it in my bank account earning a handsome 0.01% interest per year. It could increase by 10 times, and I won’t feel a difference!
Thanks for writing this Sagar! I think we all make some mistakes but, the point is to learn and grow out of them. Thanks for suggesting the book too, will be in my reading list. Also, after hearing about your portfolio - i feel we really are n the same boat !
Thanks for writing this Sagar! I think we all make some mistakes but, the point is to learn and grow out of them. Thanks for suggesting the book too, will be in my reading list. Also, after hearing about your portfolio - i feel we really are n the same boat !