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Topic: How we made our first Million Posted: 23/Feb/2008 at 1:36am
As suggested by Basantji, I am starting this thread as I feel that this is the best measure of our achievements in becoming a more knowledgeable and sucessful investor and we should all share our joys and achievements so that others may participate in it.
Basantji,
I would request you to make the first post, since you are the one we all have learnt from the most.
Gratefully, Mohan
Be fearful when others are greedy and be greedy when others are fearful.
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Posted: 23/Feb/2008 at 7:28am
Thanks. I have indicated it quite elaborately on this thread.
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Posted: 13/May/2010 at 12:55pm
Big Deal or NOT is a relative thing, (irrespective of currency, and being Indian I presume we always talk of INR)
Originally posted by bihisello
Which currency? If INR, then no big deal!
Fundamentalists and anticipators may have difficulties with risk control because a trade keeps looking ‘better’ the more it goes against them....Ed Seykota
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Posted: 13/May/2010 at 2:21pm
I believe we are looking for the kinda strategies people followed to be a millinare.. once you made the 1st million its easy for it to get multiplied..
We would like to hear how people(TED) made money from market.. If we go with value investing it really takes ages to make 1 million for those who dont have enough money to start with.. Successfull people would have done so many things to make there money grow initially .. thats what we want to know here..
I strongly belive everyone in the initial phase are just TRADERS.. once they accumulate money then only they will start valuing value investing.. because we need money to invest and then wait .. This is my opinion..
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Posted: 13/May/2010 at 5:14pm
I have not made millions from stocks alone but surely got satisfying amount by following Buffet. Buffet's tenets gives me good sleep and makes me less impulsive and helps me to isolate investing from horse racing. I learned this lesson late and by loosing only that theres no loss if you buy a 10$ stuff at lesser cost of it because 10$ will remain 10$ whether in the aire or in the ground or anywhere , ofcourse it requires painfulwait and conviction.
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