I think there are enough people on TED who have built a sizeable networth by investing in the stock markets.Also there are more than enough people on TED who are trying to get there

I would like to believe that all those who were successful started small and after a series of events made it big.Now i would like those successful people to answer a few questions for the benefit of the rest of us:

1)Was your success in the markets a planned effort?Did you visualize your networth multiplying manifolds when your capital was small and took some broad portfolio decisions that led to your success?Or was your success a matter of chance/opportunity and your keeping our cool at the right times?


2)How much risk did you take overall?Was your portfolio in a position where if something had gone wrong you'd have lost your shirt? What's the role of leverage?Is it possible to increase your networth disproportionately without leverage?


3)And at what point does one decide to "work for yourself" and use dividend income to run the gas,choola et al at home?


If anyone has any questions related to 'building your networth' they can please add to the above.




Edited by prabhakarkudva - 16/Jan/2010 at 8:58pm

Edited by Monkey - 16/Jan/2010 at 10:53pm

Originally posted by prabhakarkudva Does it involve risking your entire networth on some great opportunity atleast once or one needs to use leverage ?

If you want to do it in less time then "Risking large parts of your N/W on some great opportunity which arrive by chance. The importance of chance finishes the moment the opportunity comes in front of you. From then on its the ability to bet hard on the basis of the available information(human skill)."

So chance is present for everyone not just the person who makes it big but the person who makes it big bets on that chance.

The forst part here is to build investable surplus.