This weekend we were invited by my friend and his wife to their home for breakfast .My friend works as a Private sector corporate executive and his wife works as a director in large educational institution which has over 100 schools,colleges and management institutions under their management.
While chitchatting I was surprised to hear when my friend's wife told me that she buys and sells shares. She said she started doing that from 2003 in a small way and most of their investments now is in growth shares and equity mutual fund portfolio.She does lots of company research and reads balance sheets and P & L accounts of the companies before investing.From the discussions I sensed that their monthly earning by stock trading is over Rs 3.00 Lacs.The lady does shares research after taking care of household work,her job and the travelling which the job involves.
She trades swing on the stocks...all in cash market and she said she is doing very well and she has no worries as they dont have pension as they are likely to retire soon. She does not trade in derivatives.When market is in bear trend, she shifts her money to debt and liquid funds.
I was surprised to hear that they have no exposure to bank FDs which is the most preferred investment avenue of people.Nice to see more people getting more interested in stocks trading and it will bring much needed respectability to stock trading.:thumb:
Smart_trade
