Where to start?

azy123 · 1 Where to start? Wed Jul 17, 2013 8:15 pm

azy123

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Hi Folks,

I have been hearing a lot these days about investing in the sri lankan stock market. I have saved up some money and I plan to invest it. I am new to this so I really don't know where to start. Can any of you'll direct me to the right direction? Any good tutorials/videos that I could read or watch? Any help will be appreciated.

Thanks
Azy

Jana1 · 2 Re: Where to start? Wed Jul 17, 2013 8:51 pm

Jana1

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azy123 wrote:Hi Folks,

I have been hearing a lot these days about investing in the sri lankan stock market. I have saved up some money and I plan to invest it. I am new to this so I really don't know where to start. Can any of you'll direct me to the right direction? Any good tutorials/videos that I could read or watch? Any help will be appreciated.

Thanks
Azy

Mate,

Could you please tell me in which country u live in and who r da guys talk abt SL mkt??

To my knowledge www.cse.lk is suffice. Consider past fluctuations along with company fundamental...

maurya · 3 Re: Where to start? Wed Jul 17, 2013 9:15 pm

maurya

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hi,
there are many people who interest about stocks including me and azy...but what to do and from where to start is a problem to all of us... any guidance from experienced investors, to learn this business ( please ) will highly appreciate...

thanks

Jana1 · 4 Re: Where to start? Wed Jul 17, 2013 9:34 pm

Jana1

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Have u all open-up cds account??? If not then first go to broker firm and open up with them...

Takecharge · 5 Re: Where to start? Wed Jul 17, 2013 9:56 pm

Takecharge

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yes, start by contacting a good broker.Then they will advise what to do, but be careful, they would try to get u to invest in shares They like.U do the research, my friend,

dudi · 6 Re: Where to start? Wed Jul 17, 2013 10:43 pm

dudi

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You better put your money in a FD friend

bullrun · 7 Re: Where to start? Wed Jul 17, 2013 10:55 pm

bullrun

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azy123 wrote:Hi Folks,

I have been hearing a lot these days about investing in the sri lankan stock market. I have saved up some money and I plan to invest it. I am new to this so I really don't know where to start. Can any of you'll direct me to the right direction? Any good tutorials/videos that I could read or watch? Any help will be appreciated.

Thanks
Azy

You have registered with the forum since 2011! You are just kidding, aren't you?

malanp · 8 Re: Where to start? Wed Jul 17, 2013 10:59 pm

malanp

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bullrun wrote:

azy123 wrote:Hi Folks,

I have been hearing a lot these days about investing in the sri lankan stock market. I have saved up some money and I plan to invest it. I am new to this so I really don't know where to start. Can any of you'll direct me to the right direction? Any good tutorials/videos that I could read or watch? Any help will be appreciated.

Thanks
Azy

You have registered with the forum since 2011! You are just kidding, aren't you?

May be last bear run he lost all his money, and this the second round..

Good luck.

hunter · 9 Re: Where to start? Thu Jul 18, 2013 9:57 am

hunter

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@azy123,
I suggest you give some more info about yourself. Such as your past experience in investing (if any), what you know already about the markets and investment. May be why you registered in 2011 Wink

Then it will be helpful for others to come up with suggestion more suitable for you.

hunter · 10 Re: Where to start? Thu Jul 18, 2013 10:04 am

hunter

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hunter wrote:@azy123,
I suggest you give some more info about yourself. Such as your past experience in investing (if any), what you know already about the markets and investment. May be why you registered in 2011

Then it will be helpful for others to come up with suggestion more suitable for you.

In addition, pls try to answer the following:

1. Have you opened an account with a broker?
2. Have you bought any shares in the past?
3. Have you heard you can profit from the market bu someone?
4. Why do you want to invest? ; just get a feel/to get a steady income/ as a long term investment etc.

anges · 11 Re: Where to start? Thu Jul 18, 2013 4:51 pm

anges

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fd's are better my friend !

dudi · 12 Re: Where to start? Thu Jul 18, 2013 5:00 pm

dudi

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I also told so.

maurya · 13 Re: Where to start? Thu Jul 18, 2013 6:05 pm

maurya

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fds are better that's true, but as a student im trying to learn this market...yes I have opened an account with 10,000 rupees. you can see with this amount of buying power brokers may not give their priority...

I have a little finance knowledge...but I know theories not work all the time..

I had osea shares (200) and I could get a profit 1200 by selling it at 19.20...I brought mbsl and make a loss...

hunter · 14 Re: Where to start? Thu Jul 18, 2013 6:43 pm

hunter

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Well, I did not get much luxury of advises as a beginner. But later on learnt a lot from other as well as from my actions.
If somebody is keen on long term survival in the market, I recommend getting some idea about the following. Learning them will not make you a master at all but knowing them help to become one some day. In my view experience matters a lot above all.
Here we go...
1. share valuation
2. What is fundamental analysis
3. What is technical analysis
4. Market cycles and patterns
5. Money management in investing/trading
6. Risk controlling in Inv./Trd
7. Trading Psychology
8. Crowd behavior

There are tons of material in the Internet to read and watch. Let me know if someone need any of my personal recommendations.

There will be losses and gains on the way; Consistency will be the key for long term survival. To achieve Consistency, you need to have the right level of Control and Confidence.

It's like driving a car (One of my friends told me)
Confidence is like the accelerator;
Control is like the brake pedal.

You need to have the both used at proper levels at proper times.

(Problem is we do not have driving schools to teach trading yet; Do we?)

maurya · 15 Re: Where to start? Thu Jul 18, 2013 7:32 pm

maurya

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thanks a lot Hunter...
I would highly appreciate if you can provide your personal recommendation hunter....Meanwhile I also try to learn topics you have mentioned....

I always believe there are many things to learn from experienced professionals... Very Happy

azy123 · 16 Re: Where to start? Thu Jul 18, 2013 8:38 pm

azy123

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Hi folks
Sorry if my first post wasn't clear enough. I will try and provide much details as possible.

Currently I am in Sri Lanka for my summer vacation. I study in London and come down twice a year. I do have a trading account with capital trust and in 2011, before I went to London I did try a bit of trading. Taking one of my friends advice I bought a couple of shares of AHPL. Made a loss of 60k sold all my shares and went to London.

A few days back I deposited 20k into my account just to learn the trend of the market. I really dont mind if I loose this money as long as I learn something. Would be like an investment. I need to learn how to walk before I could run.

Some of my friends told me this is the right time to invest and I hear a lot about PCH A lot of people suggest that I should buy PCH now. Im not sure how right they are.

The reason I want to learn trading now is because I've got a lot of free time. I need to learn as much as I can before I go to London and invest large there. I want to get into Day Trading rather than long term trading so that I have a passive income coming in every month. Atleast to cover up my expenses in London. All I need is good material to read/watch and any tutes that would give me an idea of how the market works.

Any little help is appriciated.

Cheers!

Rapaport · 17 Re: Where to start? Thu Jul 18, 2013 9:09 pm

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AZY

You wanna trade, buy something like Reef W (Example, not a buy recommendation). Much better chance to get something than PCH!

Cheers!

nkuda · 18 Re: Where to start? Thu Jul 18, 2013 10:53 pm

nkuda

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dudi wrote:You better put your money in a FD friend

Then what are you doing in this forum ? jocolor

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Latest topics

Where to start?

1 Where to start? Wed Jul 17, 2013 8:15 pm

azy123

2 Re: Where to start? Wed Jul 17, 2013 8:51 pm

Jana1

3 Re: Where to start? Wed Jul 17, 2013 9:15 pm

maurya

4 Re: Where to start? Wed Jul 17, 2013 9:34 pm

Jana1

5 Re: Where to start? Wed Jul 17, 2013 9:56 pm

Takecharge

6 Re: Where to start? Wed Jul 17, 2013 10:43 pm

dudi

7 Re: Where to start? Wed Jul 17, 2013 10:55 pm

bullrun

8 Re: Where to start? Wed Jul 17, 2013 10:59 pm

malanp

9 Re: Where to start? Thu Jul 18, 2013 9:57 am

hunter

10 Re: Where to start? Thu Jul 18, 2013 10:04 am

hunter

11 Re: Where to start? Thu Jul 18, 2013 4:51 pm

anges

12 Re: Where to start? Thu Jul 18, 2013 5:00 pm

dudi

13 Re: Where to start? Thu Jul 18, 2013 6:05 pm

maurya

14 Re: Where to start? Thu Jul 18, 2013 6:43 pm

hunter

15 Re: Where to start? Thu Jul 18, 2013 7:32 pm

maurya

16 Re: Where to start? Thu Jul 18, 2013 8:38 pm

azy123

17 Re: Where to start? Thu Jul 18, 2013 9:09 pm

Rapaport

18 Re: Where to start? Thu Jul 18, 2013 10:53 pm

nkuda

19 Re: Where to start?

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