A lot of my friends, colleagues, and investors ask me, "Anupam, tell me a new stock to buy."
Why do you want a new stock to buy every time?
This is because people see investing as a hobby or as a side-hustle type thing.
Consider this: When you buy a new stock you're investing in a new business.
Have you ever seen a businessman investing in new businesses every week?
Investors do not see stock investments from a business perspective.
If stock market is exciting, entertaining, or like a hobby - remember, all the three things come at a cost.
Going to an adventure park may be exciting but you pay for it.
If you're here because it's exciting and entertaining, then chances are higher that you're losing money.
You should be an active investor - active not in terms of sticking to your screen from 9 AM - 3 PM
But, active in terms of your research. Enhance your knowledge about the
- industry you're investing in
- company's management
- company's product
- competitors in the same space
"Know what you own, and know why you own it.” – Peter Lynch