BQ Big Decisions: How An Equity Investor Can Avoid Being A Trader
BloombergQuint’s Big Decisions podcast gets you the insights you need to make big money decisions with confidence.
The recent run-up in India’s equities has come as a surprise to some, given the economic impact of the protracted lockdown to curb the coronavirus pandemic. But there’s a flock of new investors who are riding the wave.
As many as 18 lakh new demat accounts have been opened since March and they’re buying into beaten-down stocks. The Sensex is set to end the quarter ending June with the steepest gain since 2009, in line with the MSCI Asia Pacific Index. With the rally in equities, market veterans advise caution.
On this Big Decisions podcast, BloombergQuint spoke with veteran investor Vijay Kedia, who started life as a trader. He advises new traders and investors to study the equity market just as hard as engineers and doctors study their fields. Anything less, Kedia said, is the same as gambling.