Riding the stock market... 1 week at a time
What do the richest people in the world such as Warren Buffet, Jeff Bezos and Mukesh Ambani have in common? They hold stocks. Getting rich is about investing in the right stock at the right time. But is it doable? Maybe, maybe not.
So the second best option is to stay invested in mutual funds for a long period of time. But humans are not best known for patience. We switch funds, switch strategies and tweak investment amounts to get that extra return. We then find it unworthy of time and stop the practice in few years.
Why not follow the market in a systematic manner…by doing what market tells us to do…by keeping expectations real…by selling weekly OTM option contracts?
Curious? Read more here…
Though I am a business analyst at an IT company, I love the stock market more than the job. I read a bit about it in my MBA (Finance) and CFA (level 2 cleared) but I am amazed daily how it remains random as well as structured at the same time. The love however has been one-sided for the past 7 years now. I have tried picking stocks, made investments in funds and traded derivatives. Till date, I have given away a bit more than what I earned.
Conviction in a conservative strategy and strong determination has propelled me to create this website wherein I shall log my efforts. This is not about becoming rich tomorrow. With Nifty as benchmark, my current objective is a CAGR of at least 15%. I am supported by my fearless wife who too trades the market in her own style. The above image is actually dedicated to her. This blog, my wife and I hope to learn bull-riding soon and we would appreciate all the feedback we can get!!
I am not a SEBI registered adviser. All the information provided on this website is for educational / informational purposes only and should not be taken as investment advice.
I share contract notes openly to be transparent with my blog readers. The website will not be held responsible or liable for any actions taken, losses or profits incurred or any emotional stress caused as a result of trading