Friday, January 20, 2006

My Investments so far.. the first and the rest

Didn't exactly remember from when did i started following the stock markets seriously/passionately. But i was introduced to the concept of stocks and stock market while working on an assignment in Data Modelling and Design course @ IITB in 2003. Spent good amount of time at icicidirect.com as part of this assignment.

I took up my first job in aug 2004. And using the free internet connectivity to the best possible extent in monitoring stocks through icicidirect, Yahoo Messenger, Moneycontrol.com and now poweryourtrade.com.

In 2005 summer, i got myself a 3-in-1 savings-trading-demat account with ICICI bank and made my first investment in ONGC. After going through the initial excitement and passing through a few panic moments, i sold them off one day. I could afford a smile that day as i made some profit out of that stock. Probably, that is the last day i smiled after seeing ONGC quote. The stock is all charged up and 25pc up in a month after i sold them off :( .

Probably it taught me a lesson: it pays to be patient atleast when playing with stocks.

Few Other Stocks that i played with IDFC, IDBI, Venkys, Aarvee, Upper Ganges, Shringar Cinemas, PVR, Reliance;
And Navabharat Ferro Alloys- made a 'hole' in my portfolio with a loss of 9k. The stock went further down after i exited. :)