I feel something beginners sometimes do wrong is that many tend to overcomplicate investing. I believe it's important to see through the noise, especially since there is so much of it these days. The fundamentals of investing still hold true and have stood the test of time. Pick a good, strong company and stay in it for the long haul.
1. Tell us about your journey
I consider myself quite fortunate to have experienced several lines of work. I started my "career" as an actor—I appeared in a couple of TV ads, short films, and a popular TV show, Taarak Mehta Ka Ooltah Chashmah (it was a guest role). I stepped away from the industry after a few years though because it was taking a toll on my studies.
I did a few writing gigs here and there when I was in junior college (or 12th grade as it's more commonly known), before stepping into tech journalism.
I worked with a popular YouTuber for his website content which later helped me form a good understanding of the industry. From there, I worked with Carhoots, starting as an automotive content writer in the first year of university. That same year, I also attended my first seminar on technical analysis which helped me kickstart my journey in the stock market when I was around 17.
When I moved to the second year of university, I interned at Jet Airways in the Treasury Department, helping the team manage the debt portfolio, forex transactions, lessor payments, etc. While I had traded before, this internship really piqued my interest in finance, thanks to which I started posting on my father's stock market blog regularly. Later that year, I was offered a part-time position at a company that helped luxury car brands like Lamborghini and Ferrari with marketing campaigns. This was a dream come true and served as my true 'in' into the automotive culture here.
But finance was always at the core of my career, and I started trading right after I graduated from university.
2. Why did you choose the field of finance and the urge to educate others about it?
Let me preface this by
saying that I truly believe that having the right financial education can
literally be life-changing. Yet, awareness is lacking among most people,
especially those in tier-2 and tier-3 cities.
While learning more about the markets, I noticed the amount of misinformation out there and noticed that there were very few accessible resources for someone willing to learn. The ones that were present were either unreliable or tended to overcomplicate simple concepts making it even harder for beginners to learn. That is when I started my podcast, Stock Markets with KR. This later helped me start my YouTube channel, too.
My mission is to make
financial awareness accessible and engaging for all. I try to help everyone
understand the bigger picture and bust myths that have been carried on for
years in the most "ELI5" way possible. This is also why I create
and teach in Hindi, too.
So over the past few years, my courses and my content have helped me teach thousands of people - from kids to retirees - about trading, personal finance, investing, and about the right mindset and expectations. The fact that I can have a positive impact and help someone improve their life is quite humbling and something that motivates me to work harder every single day!
3. How are you helping
Carhoots revive their brand?
Cars have been my passion since I was born, so when I got the opportunity to help revive the brand, I was ecstatic. We were one of the top automotive publishers a few years ago, back when I started as a writer, with over 2.1 million Pinterest followers.
My mission with Carhoots.com is to foster and share the love for cars. Going to car meets and car shows, I feel it is special how they can bring people together. My aim is to foster and share this passion to help people keep in touch with the latest developments in the space in a fun, friendly manner. My involvement as a Consulting Editor is part-time at this stage since the financial markets take up most of my time.
We have also worked directly with certain international car manufacturers to help them with their marketing and in understanding of the community better.
4.
What advice would you give to someone who has just started investing or will do
so in the future?
Firstly, I would like to congratulate those who are starting their investing journey. If done right, it can pay us rich dividends in the long term, no pun intended.
I feel something beginners sometimes do wrong is that many tend to overcomplicate investing. I believe it's important to see through the noise, especially since there is so much of it these days. The fundamentals of investing still hold true and have stood the test of time. Pick a good, strong company and stay in it for the long haul.
Another key aspect people often overlook is risk management. Apportion your funds keeping in mind the inherent risk of the investments. If I am putting money in a stock that is depressed now and may have potential in the future (a startup perhaps), I start with a very light position. However, If I am investing in a proven name that is less risky, I would be putting in significantly more money. Understand your risk profile, it varies from person to person, and act accordingly!
Beginners also often overlook the importance of psychology and mindset in both trading and investing. It's a very vast topic so I will keep this short, but an important aspect of price movements is psychology, and the way we react to market's movements depends on our mindset. It takes time to develop this, but I feel it is essential to surviving in the markets.
Finally, I feel that if someone is able to take the risk and has the time then looking into the swing or positional trading can be quite rewarding, too. It is quite different from investing and the risk is always there, but it can be quite rewarding, too.
5. Do you have any
book recommendations in finance and investing that have helped you in your
career and in life?
There are plenty of books that have helped me. One that always comes to mind when I'm asked this question is Options, Futures, and Other Derivatives by John C. Hull. It's an advanced book, but it is one of the most information-packed books out there and warrants multiple reads. It helps us understand so much about the workings behind derivatives. In general, it's important to keep in mind that some of the classic finance books are decades old with some older than half a century. There are many differences in the nuances of trading and investing now compared to back then, so keep this in mind while selecting and reading any book.
I feel The Psychology of Money is a good starting point. It's quite basic, but that's what you want when you're just starting out. From what I have experienced, books are not always the only important resource out there. There are some amazing YouTube channels, subreddits, and websites that can help you gain awareness about finance and investing. Also, reading a company's financial statements and the management's commentary can be quite useful.
More than anything, just be curious and be ready to learn because in the world of money we are all forever students. It can also be worthwhile to look into programs like the CFA Program to enhance one's knowledge.
I'm also in the process of writing a book on finance for beginners, so you can keep an eye out for that, too.
Bio-
Krunal Rindani is a trader, investor, and trainer on a mission to make financial literacy accessible and fun to help everyone become financially independent and free. He has taught thousands of students so far via his finance courses, YouTube channel, newsletters, and podcasts. Outside of finance, he has been a marketing consultant to several companies nationally and internationally.
Interviewed By - Shashank Sehgal
.jpeg)
){kind=link}
0 Comments