Finance

January Book Giveaway: Stock Market Book by Dalal Street Investment Journal

Posted Vinaya HS

DSIJ_Stock_Market_Book
Here’s how you can participate and win the Stock Market Book by Dalal Street Investment Journal this January. Simply leave a comment explaining what, in 2012, is your primary financial goal and why? Remember, the more detailed your entry the better are your chances of winning.

And here’s a sample chapter from the book.

I’ll announce the winner in about a week’s time.

8 thoughts on “January Book Giveaway: Stock Market Book by Dalal Street Investment Journal”

  1. Vinaya,
    This is a good topic as many of the readers of this blog who do not have goals will be benefitted by reading the goals entered by the participants. I request many participants to enter their goals as you are helping to many..Anyway I will enter my 2012 goals…
    1. As 30% of sal(salary) eats housing loan EMI, I cannot touch it currently.
    2. I need 20% of my Salary for personal, family & parents expenses..(including all..)
    3. Need to put 10% of my pay for my annual expenses like payment for Term policy & Tour Expenses& for Tax Saving Bonds& Funds, etc.,
    4. Need to put 15% of Sal towards short term expenses like Car, child education & Home loan part pre payment.
    5. Need to spend 2% of sal for orphanage and need to increase.
    6. Need to restrict 3% of my sal for unwanted expenses..
    7. Need to put 30% of my Sal towards ERE..(10% – Liquid funds, 10% – MF(5% – Div,5%-Bal), 10% Direct Shares(5%- companies, 5%-NiftyBees).
    8. And last but not least.. I Insist my friends to read vinaya’s blog..
    These are my 2012 Goals..I know that this is not very good one and I accept that & assure that I will improve MoM as I am the reader of this blog..

  2. Vinaya,

    This is a good topic as many of the readers of this blog who do not have goals will be benefitted by reading the goals entered by the participants. I request many participants to enter their goals as you are helping to many..Anyway I will enter my 2012 goals…
    1. As 30% of sal eats housing loan EMI, I cannot touch it.
    2. I need 20% of my Salary for personal, family & parents expenses..(including all..)
    3. Need to put 10% of my pay for my annual expenses like payment for Term policy & Tour Expenses& for Tax Saving Bonds& Funds, etc.,
    4. Need to put 15% of Sal towards short term expenses like Car, child education & Home loan part pre payment.
    5. Need to spend 2% of sal for orphanage and need to increase.
    6. Need to restrict 3% of my sal for unwanted expenses..
    7. Need to put 30% of my Sal towards ERE..(10% – Liquid funds, 10% – MF(5% – Div,5%-Bal), 10% Direct Shares(5%- companies, 5%-NiftyBees).
    8. And last but not least.. I Insist my friends to read vinaya’s blog..
    These are my 2012 Goals..I know that this is not very good one and I accept that & assure that I will improve MoM as I am the reader of this blog..

  4. Hi Vinay,

    Here are my 2012 goals

    1. Take a term insurance and let my wife know about it and how to claim it(which is very important. else no point taking it)
    2. Surrender my ULIP and Jeevan Anand policy and invest the same in Direct Equities, MF
    3. Take a medical insurance for my family. I and my wife are already covered by company. But realized that we should have one despite company providing one
    4. Close my personal loan by paying earlier. I already paid 1 year now its time to close
    5. Slowly book profits in equities in the investments made in 2010 and lock them out of market and make my shares free of cost.
    6. Invest in mutual funds at the earliest before the stocks rises. I know it has reachen 17K, but I think there is lot more upside potential. Peoples trend of fear is very high right now.
    7. Build the emergency fund to the extent of salary hike i got. I already maintain 6 months .
    8. Investing in quality Health and Education
    9. Spend good time with family and spending time for myself.
    10. Create a new income channel.

  5. “The small stock trader” by Mika is also a small unique book that covers almost all the major stock market topics such as the traits of a successful small stock trader, how to choose a few simple focus stocks, market sentiment and industry, fundamental analysis, technical analysis, short selling, your edge and competition, catalysts that move the stock prices, stock trading plan, discipline, risk management and psychology. It is a simple book of about 100 small-sized pages (more like a collection of tips, perhaps 4-5 hours read), but it will answer many of your questions, so, it is a great book to start (no need to mention that about 90% of your lessons you are going to learn from your own experience/mistakes). It is also a fun-to-read book, as it is accompanied by a few jokes and observations from poker, intelligence world, relationships, happiness, Zen, and psychology.

  7. My favorite stock trading books are:

    • The small stock trader by Mika
    • “Lessons from the greatest stock traders of all time” and “How legendary traders made millions” both by John Boik
    • “Reminiscences of a stock operator” and “How to trade in stocks” both by Jesse Livermore
    • How I made $2,000,000 in the stock market by Nicolas Darvas
    • How to make money in stocks by Willien O’Neil

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