The stock market has started captivating my interest of late. It all started when I went to ICICIDirect (one of the worst stock market sites there ever is by the way) and got myself a demat + savings + trading accounts. I then pumped in a little bit of money and started scouting for stocks that would generate returns.
I inevitably hit on www.moneycontrol.com which by the way is a fabulous site. It offers a great portfolio tracking tool with support for computing taxes, tracking profits/losses and of course the ability to update your portfolio with the CMP (Current Market Price - See I am already learning the lingo) of the stocks that you own. With the help of the great boarders there I picked a few stocks. I started trading in them and got hooked!! So as is my wont, I started to ruminate about the reasons why a person would love stock markets.
The first reason is obvious- this is a way for my money to make more money. So my money is working at least as hard as I am to create more wealth.
The second reason I thought is the fact that humanity loves trading by instinct. We love buying and selling stuff. When I lived in the USA, my instinct got satisfied by buying myself various cool gadgets. I took great pride in being called a "gadget guy" and surrounding myself with these things. I still do that even now. But the stock market has channelized my gadget-buying instinct into a money making endeavor. With this I found that not only my instinct to buy is satisfied, but I am able to make money in the process.
So I would advocate to those women who are busy purchasing jewelery and expensive clothes and the men who are off purchasing cool gadgets to channelize these instincts towards the stock market instead! It is really cool to make money and realize it works for you.
I guess i need to end this with the customary cautioning about mutual fund and stock market investments being subject to market risk.
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