In late 2006, I was fanatic about trading stocks in the market. Thanks to my financing fundamentals from the MBA degree. I got very motivated and opened a free trading account with Ameritrade in early 2007. At that time, I had more interest & less money to invest. So, I had to fetter my thoughts. However, I decided to continuously monitor and keep track of the economy and the market.
I personally felt that I've gained more skills & knowledge by keeping track of the market than by reading books. Though I cannot claim to be dexterous at trading stocks, I now have a decent understanding of the dynamics of the market.
In October 2007, I read Robert Kiyosaki's "Rich Dad Poor Dad" - a great eye opener. This book exhilarated my passion to invest in stocks. I decided to start trading stocks to improve my financial ingenuity.
I was looking at companies from different industries, reading analysts reports, reading press releases, analyzing the quarterly reports etc., I first thought of investing in eBay - thinking that eBay would announce good Q3 results & due to the holiday season they'll do well in Q4 also. The results from eBay was a bummer. They've to write-off some money to meet the obligations of the Skype deal. The stock didn't do well. I felt fortunate that I didn't invest in eBay :)
After a couple of days, I transferred $1K from my bank account and bought 32 Netgear (NTGR) stocks on 10/22/2007.
I have created this blog to keep track of the things that I learn during the process of developing my financial intelligence. Hopefully, this blog will be useful for others also (Too early to say this with just one posting!). I am hoping to update this during every trade that I make.
Saro's R2I Blog covers Return to India (R2I) topics such as R2I planning, R2I checklist, R2I Jobs, R2I Salaries, R2I Schools and Post R2I life experiences in India
Tuesday, October 23, 2007
I joined the world of volatility
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