A Story Of Tech Savvy Investor

Dhruv, a 32-year-old?Software Engineer at Amazon, Bangalore has a great disposable income and has been advised by his ambitious peers to invest some part of it in equities. Given his background, he is not somebody with great finance knowledge. But he is very tech-savy and downloads an online trading application. He goes through top performing stocks section and makes his purchase in accordance with the same.

Mondays to Fridays are work, and weekends are grocery, parties and Netflix.?Two months passed by. And Dhruv is back on the application. This time he finds the top performing section names have changed entirely.?

He concludes he has made a big mistake by investing wrong and is panic-striken. He makes a bold move of selling all the stocks at the market price immediately. As the famous adage goes, “Haste Leads To Waste”, Dhruv wasted an opportunity to accumulate great wealth.?The?stock sold by him that day was a quality stock which doubled its value in 4 years.?

Alas! Pity, Dhruv. Dhruv is you. Dhruv is me. Dhruv is everyone who uses these online trading platforms for free investment advice and makes a big mistake. These platforms are great for execution but are algorithm driven. Their approach is not in alignment to your financial goals. Thus, it is always recommended to purchase and sell stocks in assistance of a SEBI Registered investment financial expert and not to make poor investment decisions in panic.

Happy investing!