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Short Term Investment

Discussion in 'Investment Analysis' started by johncantrade, Mar 17, 2020.

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  1. johncantrade

    johncantrade New Member

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    Hi,

    1. My current interest is Inter - day / week not necessarily intraday (not looking at long term - monthly / yearly or wealth creation, i am already invested in that.

    I am trying to invest and learn on the go (currently zero technical analysis / knowledge but reading up). Profit booking is not my primary motive - i would like to invest short term For eg. yesterday, I bought YesBank 1000 @ 33.x and 1000 @ 37.x - sold both lots at 39.x, call it pure speculation or beginners luck. On a hunch, today i bought SBICard @695 and luckily its 745 now.

    i would like to know if there are any advisory's backed by technical advice which i can use for my daily / weekly investment advice.

    2. Could you recommend any software to create watchlists of stocks to view them on a couple of monitors?

    3. Additionally i have a corpus of around 25L and am looking for some scrips to buy currently. Any advice on the same?

    Thanks in advance,

    John
     
    johncantrade, Mar 17, 2020
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  2. shabbir

    shabbir Administrator Staff Member

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    Beginners luck. It always happens but once you bet big, you will soon run out of luck.

    If someone can advice you and make you money, you are searching for the person on the wrong planet. I have tried everything and nothing works. Believe me nothing but learning it yourself and doing it all yourself.

    If I find a pot of gold, will I prefer selling it to you for a few buck or prefer it to keep it for myself?

    Trading view is good one. - https://shabbir.in/tv

    Yes. Invest in mutual funds as of now. You are still betting on your luck and on Yes Bank and SBI Cards. It can be tough to recover that amount once you find value in Vodafone and Suzlon as well.
     
    shabbir, Mar 18, 2020
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  3. manickarajan

    manickarajan Responder

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    manickarajan, Mar 18, 2020
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  4. shabbir

    shabbir Administrator Staff Member

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    For me it is not a unique business. Moreover, I need a long term history of the company to consider for investment. How is the ROCE of the company for the past decade. What kind of growth it has for 10 years for me to consider. Without such data, I am not buying a PSU.

    Now coming to being a customer. I have an SBI Card - https://shabbir.in/manage-credit-cards/ and has been using it for years. I never found it any better than a Citi Bank card or any other card. So for me it is not a unique business.

    So unless some proof of SBI cards re-inventing itself, it is not a choice of business to invest as of now.
     
    shabbir, Mar 18, 2020
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  5. akhtar80

    akhtar80 Responder

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    SBI card:-

    Small incident, last year I was traveling somewhere by train on delhi platform couple of youngsters (third party agency) were standing with writing board and some forms. They would approach anyone who they thought was well dressed. They also approached me offering IRCTC sbi card, though i was not interested they insisted that it will be very helpful for ticketing etc etc. So I agreed and finally got a card after 15 days. When I saw the welcome letter it was mentioned that there will be 500/- charge which would be waived-off if I spend some particular amount. I immediately cancelled this card, as better banks even AMEX offering better services free of cost why would I pay 500/- irrespective of whatever my spending be. This must be the case with many others as well. This is what forces selling is all about.

    Now compare this with amex, citi bank or even hdfc bank. They offer cards to a select profile or people who have savings account with them. There is guarantee of credit card payments but when sbi starts offering such kind of cards defaults as bound to happen. Its not that above bankers credit card payments are not defaulted but their ratio would be much less.

    There is stiff competition in SBI card category of customers, RBL also keeps on pitching such programs along with Axis, n ICICI bank.

    You might make profit on sbi stocks but their product is not that great atleast as of now. They are just building their balance sheet with annual fee. If someone can find their income statement and see the joining and annual fee that will give better picture.





    Sent from my ASUS_X00TD using DIY Technical Analysis mobile app
     
    akhtar80, Mar 18, 2020
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