Every time I talk about equity investing, I ask my audience to invest in 2 notebooks of 200 pages each.
One notebook to write down what makes you buy / sell a share, what price you are paying, transaction charges, etc. Sometimes I also ask them to write what ‘gut’ feeling that they had. So when a person says “I wish I had bought Tata Motors when the index was 13000! …
I met an army person who has an excel sheet full of recommendations from expert…it is a long list..and only a few continue to be in the original form…he has marked…all others are RED.
However I do not wish to quote from this data pile. Not sure if he has all the recommendations of ONE expert, date wise, and all channels….
If somebody can design a software that will accept inputs from all media, scroll the net, and create reports ‘expert’ wise, this software will sell like hot cakes..
Imagine a software which creates report like:
Expert Name Rec scrip price rec price at which to sell time frame suggested what happened..
it will be a fantastic report and save people a lot of time in separating the grain from the chaff, and also let the regulator know what is happening.
Today the regulator does not have enough expertise to see if there is a vested interest in a recommendation. Creating such reports will mean there soon wll be competition…and that is good for the investor.
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