Book you can be a stock market genius

Premium Value Investing Newsletter Download Free Issue. This article was originally written in June So why in the world did you leave it? My Confession Statement I confess to you that the reason I left my job as a stock market analyst was that, after being in that industry for eight long years, I was feeling out of step with something that knew no bounds.

I left the industry for it was and remains a place where people are brash, arrogant, reckless, and — literally — daring. It always was like this, but with my conservative, unadventurous, humble genes, I could not tolerate it anymore!

But I was truly disgusted — with the stock market profession, with the analyst community for its hypocrisy, with the press for celebrating them, and with corporate India in general for its willingness to deal with the devil.

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So if there was a service that was supposed to recommend either Buy, Sell or Hold one stock per week to a paid subscriber, the research team was obligated to write that one report per week. While we had a strong internal process of choosing stocks that helped us recommend some great stocks and avoid some really dud ones, just the velocity of recommendations created greater chances of making wrong under-researched recommendations. In fact, by the time I was leaving my job, we were writing almost reports a year or around eight per montha gigantic number for any small investor to digest!

Anyways, happened, and a deeper realization set in within me. The answer pinched me hard, and laid the ground for my exit from the industry, which I had already started hating for the above-mentioned and below-mentioned reasons.

Travelling every day with people, and travelling to a place that I detested Nariman Point, the heart of the financial system in Mumbai, and also the heart of greed had really gotten over my senses. But, Once Upon a Time… When I stared my career as a stock market analyst, I believed the profession had nothing to do with manipulation and everything to do with balanced, rational thinking.

I had made the leap into this career in part because of the money, but also because being an analyst seemed like a perfect job for a serious guy like me who liked to reason his way through life. Sure, emotion and hype sneaked into my line of work occasionally, but in the end, the stock market was rational, analytical, and cool. Or so I thought. Of coursethe stock market profession is as much about fooling people as the advertising profession, which believes that the product it sells, is the best product a consumer must buy.

Thankfully, being with an independent research company, I never had to deal with this enigma which I thought was a stigma. Brokers need action to make any money, since their compensation is largely based on transactions. So each time a sell-side analyst recommends a stock, it is jumped on and embraced like a new lover.

Now this is what scared me! So, while most people would leave their jobs because they start to hate the people they work with, I left my job because I hated the entire community into which I belonged.

So here is another list — this time of 20 reasons I will never return to a job in the stock market…. But you get to know that you were once a rat only when you come out of the rat race, which I have. Now as an outsider to the stock analyst profession, I can see how scary and funny things look like.

I am sure, given that you have been saving your hard-earned money and investing into stocks and mutual funds all these years, my confession must have frightened you. For all these ills that caused me to exit the stock market analyst profession, there was one huge lesson that I believe will drive the rest of my investing life. Stay focused on analysis, valuation, and margin of safety. Our very own tribesman Mr.

Chandrashekar who started investing when I was born, and whom I had the pleasure to meet in the Bangalore Workshop stands testimony to this.

All in all, Safal Niveshak is my experiment with truth. And the truth is that I am pained by the disastrous investment results experienced by great numbers of small, unsophisticated investors…and you might be one of them. Vishal Khandelwal is the founder of Safal Niveshak.

He works with small investors to help them become smart and independent in their stock market investing decisions.

He is a SEBI registered Research Analyst. Connect with Vishal on Twitter. You have done it with great aplomb, Kudos. Even my limited experience with research reports is the same.

As I am quite fond of saying: At the crux of the matter are two things. These are invaluable suggestions that can really help small investors in a big way. Safal Niveshak ultimately has to evolve into such a community where people with ideas, experience, and knowledge would like to help those just starting out.

Really appreciate your thoughts about working towards bringing a change in our education system to create adults who are sensible with their money. Your ideas and suggestions are amazing.

There are some mutual funds in India which call themselves value funds. They follow the philosophy to an extent. One good value fund is PPFAS Long Term Equity fund which has a good value portfolio with a selection of limited stocks with strong economic moats. I fully agree with your point on educating kids and youngsters to they are aware and prepared to invest in the right way.

First one to comment…. Just wondering whether you were working for Equity master.

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If not can you share with us where you were working If its not a big deal with you. Thanks Vishal for the great article.

That gives me insight that the research analyst themselves are good. I read most of your post on blog and I must say that they are worth re-reading. Yes, you are right. Nobody enters this profession with a bad intention of course, earning good money is always the target while eyeing this professionbut things get rotten when you go with the flow.

The behavior of peers, whatever they are doing, is mindlessly imitated. Option trading vanguard by the end of few years, you either love the profession for all the money you are earning despite being dishonest to clientsor you hate it for the dishonesty and arrogance you see all around. Dear Vishal I have never come across a Financial Analyst-so honest, truthful and down to earth, till I met you.

You must have been a sore thumb among fellow Analysts! What Equity Master lost, we the people have gained. Regarding Mutual Funds comment: Pure Value Funds- not sure. These are my personal views and not to be construed as a recommendation.

However there are no free lunches in Equity investing and everyone has to do his homework. Chandrashekar for your kind words! Thank you again for being there! Brilliant Vishal, your attitude towards the stuckup capital market has been stock market jnj visible from the day I started reading your articles and then when I met you.

Chandrashekar said, I have also not come across anyone as honest as you are in the financial sector. We look forward to walk together on this journey of becoming independent, sensible, and successful investors. And I say Bring it on. I mean, I always wonder whether there is any scale on which honesty can be measured. This is one stock market platinum trading for beginners in indian that drives me.

So honesty is the choice you have to make every book you can be a stock market genius of your life. And thanks so much for being part of this initiative and supporting it. Hi Vishal, As you know i and most of the other tribesman were aware, but this post is so well written and conveys a great deal of learn futures and options trading free regarding the nature of the business.

As always great post and thanks for writing. I do have another point i wanted to mention as i read a comment in some section where one of your reader was asking you for increase the frequency of the Stock talk, i would rather have less number of stock talk to be able to understand things in more details than have more, Additionally i would also recommend that you just dont go by number of request but also see to that if you find something that is really valuable and cheap then share that one first.

Anyways, I plan to do one report supply and demand forex strategy around 30 days. As for the choice of stocks, it does not depend entirely on the number of requests, but also on the quality of business. So you can rest assured on that front. No words to express the appreciation for this article. As I also have not come across any financial analyst as honest as you, rightly said book you can be a stock market genius R.

I am also working in stock market for 5 years but on a lower side. I was working as executive dealer in INdiabulls sec. Now I am working as Relationship Manage. I have same feeling as you have. Do you have any investing money roth ira make mikelit com for me in your company because I also want to work with you and help people to take right decision….

Great Inspiring post Vishal……Especially liked your point 19…LOL………. I also quit my lucrative sell side job after doing it for 6 years.

I thought it was a great role before I started it seduces you in but my reasons for leaving echo yours exactly.

Its obvious that several brokerages and investment advisers are just good at marketing their services with rosy promises. Once a customer invests money all menards stock market gets is some buy input type hidden php array sell calls and plenty of churning in his portfolio.

Its almost like a Las Vegas betting firm that makes money all the time, regardless of whether its customers gain or lose. Your decision to quit from the analyst world and pursue your passion norway stock market quotes msn money been a good and successful one.

May be you should teach others how to become an independent professional or solopreneur and what steps need to be taken. Looking forward to your comments too. Such a candid refreshing write up. Finance of india sebi everyone on higher post is corrupted its not stock market buts its gambling where institution gambles. Very surprised to see your articles which is possible only if you have courage and broad mind.

I like to join ur entity s i was a new trader. A fellow value investor and blogger has written of a similar experience and highlighted his reasons in this post link. Start Here University Book Archives Login Mastermind Value Investing Almanack. Confessions of a Stock Market Analyst August 8, Vishal Khandelwal 39 Comments. The small investor, I think, does not exist at all! Of course, the small investor gets the least information, and gets it last!

At the end of each day, those who had experience have the money, and those who had money have the experience. But wait till you hear the last part of my confession, and here it is… For all these ills that caused me to exit the stock market analyst profession, there was one huge lesson that I believe will drive the rest of my investing life.

To help small investors stay focused on analysis and valuation. To help small investors ingrain in their minds that if they are buying individual stocks, the rule should be caveat emptor buyer beware. To help small investors claim entire responsibility of how they are handling their life savings. If you take anything away from my writings, this should be it!

The key difference between these two types of analysts is the type of firm that employs them and the people to whom they make recommendations. Do YOU Want to Learn to Pick Great Stocks and Build Wealth in the Stock Market?

Sign up for my free e-letter - The Safal Niveshak Post - and receive practical ideas and wisdom on investing smartly and successfully About the Author Vishal Khandelwal is the founder of Safal Niveshak.

Comments Sanjeev Bhatia says: June 27, at 9: Great Article, though I would have preferred some specific anecdotes also. June 27, at 1: June 27, at 2: August 8, at 8: Hi Sunny, Your ideas and suggestions are amazing. Met a guy recently in travel who was trading for Losing… just told to read ur site….

June 27, at Vishal, Kudos on a Fantastic Honest write up.

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August 8, at 3: R K Chandrashekar says: June 27, at 3: June 27, at 8: June 27, at 6: The other is what I learnt first from my father and then Warren Buffett. June 28, at 7: June 28, at June 28, at 6: Thanks for your feedback, Vikrant!

July 20, at 1: Vishal, No words to express the appreciation for this article. July 20, at 2: October 14, at Regards, Vikram Singh March 3, at 7: Truly inspiring words,Vishal…you give people something precious, which is a ray of hope. August 8, at August 8, at 1: Vishal ,truly inspiringits takes a lot of guts to write this. August 8, at 7: Great article, and truthful representation of sell side life.

August 9, at 5: August 10, at 7: May 6, at 5: February 27, at 1: Hi Sir Very surprised to see your articles which is possible only if you have courage and broad mind. Trackbacks Confessions of a stock market analyst iinvestor says: August 9, at 4: When I Had Plenty of Money, But Not Much Wealth Safal Niveshak says: August 10, at How Do You Become A Stock Market Analyst Best Stock Market Place says: March 24, at 4: Market Research Analyst Cover Letter - Company Resume says: June 3, at 6: About Safal Niveshak Safal Niveshak is a movement to help you, the small investor, become intelligent, independent, and successful in your stock market investment decisions.

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