Our Pune event went well by the grace of God. It was great to see so many people of all age groups sharing ideas and asking questions. I could have never imagined that so many people would get interested in finance and investing. This knowledge will surely go a long way. I have got several e-mails from people in other cities, curious to know what happened. Inshallah we will be having such events across the country and ideas will be shared here too.
I remember sharing my nimbu-paani story from ITHW and it was great to see a mother buying a copy of the book for her young son after listening to the story. She told me how the story was so simple that even her young son understood what the stock markets were. If I am not mistaken her son was barely 10 years old. That young boy is very lucky to have an intelligent mother who is investing in his future. With time I'm sure more young people would be empowered with knowledge and realize the power investing wisely has. If we stick to the basics, we can create wealth. However many of us simply choose to watch and listen to external noise, and thus forget the basics.
Several times retail investors ask me where and how they can get information. One of our fellow Happionaires proves that information is certainly available, we just need to find it. In my last post I had told you about Mr. Rakesh Khosla and how he shared something very interesting. He suggested I share it with all other Happionaires. I got an e-mail from him after my post where I talked about L&T's growth and how we can look at companies which will benefit because of this growth.
He shared a list of companies that might be doing some work for L&T or might be suppliers of some kind. Looking at this list we can find out a lot about companies that might benefit from growth in L&T. A few of these companies might even be listed and might be investment worthy. Even if you don't find an investment worthy company, you can certainly learn more about the work L&T outsources. I too am spending time trying to learn more about these companies. We should all thank Rakesh for sharing something so interesting. We can use this strategy for other companies too. Feel free to thank him and share your views in our comments section.
There is a lot of information available out there, and as investors sometimes we can be over burdened with information. With time and experience we will be able to figure out what is needed and what isn't.
A lot of our Happionaires also have queries regarding index funds, futures and options. I shall be sharing my views on this in my next few posts. Our last post has some interesting discussions on luck, karma and investing and I got to learn a lot.
I will once again quote Rakesh on something. He very beautifully said that at the moment it is sowing season for all us investors. The markets are down (and might go lower, we don't know-nobody really knows.) and the seeds we sow today will give us the harvest in the next 3-4 years. We can all either worry now or look at this as a sowing season. What we do today, will decide our tomorrow. The investment decisions we make today, will decide our wealth in the future.
Keep smiling and keep learning!