THE 1.5% CLUB
Yes the 1.5% club….. It was exactly 2 years back, my semester vacation was on. After an even semester we get around one to one and half month of holidays.These holidays are boring if you haven’t planned a very long trip like Himlayas or an all India tour. Though I went on a vacation for a week to Mangalore , I was back to Bangalore and things got boring again. I tried a lot of different stuff like movies and series , but it wasn’t that interesting thing that would eat all of my day and accordingly I would feel productive. Now flying to Australia where my cousin lives. By that time he was already working at Mc D as a part time student worker and earning 300 AUD per week, that was a fair money to manage his teen adventures.By that time my uncle had already stopped giving him his pocket money. His twin sis was also working as an intern beautician . By the way they are one year younger than me….
Now coming back to India. I thought “let me also work somewhere”. I checked for architectural internship programs and applied. But I got rejected as their requirement for interns were above 3 years and I just completed my 2nd year. I could have searched more…Now the second thing was to work in these fast food corners like dominos and burger king. But they only had their delivery boys option which I already knew that my parents would deny. It was not an end of options as suddenly I remembered my uncle who works as a manager at PAI international electronics. I approached him and asked him if I could get a part time job for a month as I was badly approaching to earn my own money. As their network is wide with number of branches in Bangalore , he told me that he would enquire. The next 3 days my brain was filled with illusions of me as a sales guy selling electronics. I assumed that I would at least be paid 5 to 10k and I was already planning to buy stuff with that money.
I told my parents my third plan and this time they didn’t deny. I guess they knew I wouldn’t get it , and it turned out to be the same. PAI wanted full time boys willing to work from 9AM to 8PM and their training period would be 25 days and I had 30 days or near to finish my vacation. So my 3rd plan was also deleted. What next???
I think my dad was watching me struggling all this time, and finally he suggested me to open a DEMAT account where I could trade Equity market. So in next 7 days my TRADING account was open at Ventura Securities where he was trading from past 2 decades I guess. He taught me basics like , what is stock market? what are the different sectors in market? what is Nifty and sensex? He was my guru back then and even today. He asked me to accompany him in watching ETnow and NDTVprofit. That Vacation was filled in Understanding RED’s and GREENS’s where bears and bulls were fighting each day proving their positions. And finally 1 week before my vacations were about to die , I bought my first stock from NSE(national stock exchange) — ASHOK LEYLAND . My dad had told me that this Stock had a good yearly compounding strength and has been growing with a very good public support. I bought 20 shares at 84 RS. That day I was filled with some sort of joy and I could feel the ownership though I had just 20 stocks and most importantly with his money. That was the beginning ….
Its been two constant years in Equity Market and In two years I have learnt a lot of lessons. I have been hit by bears and lifted by bulls. My portfolio is growing day by day. There are days filled with fear but the discipline is the only key which virtues a trade. I am so grateful that I have been a part of this 1.5% club. SORRY firstly let me tell you what this 1.5% club is.
India’s population as per 2019 is 1.3billion aprox. And In India as per the survey of BSE and NSE there are 20 million active trading accounts . Therefore speaking in percentage , Stock market traders are just 1.5% of Indian population. which I would like to call as the 1.5%club.
This isnt a blog where I would insist someone to be a trader or investor in stock market. This is purely my experience in Indian stock market. But I would like to conclude by saying that there is no need to be scared or feared in Market. I strongly feel that this fear has limited the CLUB to 1.5% . Therefore As long as we do good financial surveys and understand the basics and mainly be disciplined I promise nothing can stop us from growing
THANKYOU -rugaathya
