Investment Strategy for growth

Have taken a decision which can potentially change our life, well after a decade.

Been dabling in share market since 2003 when Sensex was in the region of 3000. Had an short term perspectively and was happy all along baking few thousands here and there and we would have nice dinners wuite often those day. To be honest, nothing much used to happen to the market those days and market would go up by 200-300 points now and then, only to come down soon.

Now, it started going up and I was so sure that it would come down anyday.

Today, 28th March, 2007, Sensex is at 12922. All the shares I bought and sold, are worth a lot today. If I had the right perspective and held on to these shares, we would be quite richh today, atleast could have a holidays abroad every year from now on. But I have allready sold those shares. Stuck with those shares, which I bought reading fraudulent reports from ICICIdirect for short term gains which had crashed to half their price.

Well, one learns.

Warren Buffet learnt and used it to become very rich.

We too can become rich, one day within couple of decades, atleast. Can atleast holiday in Bahamas then and Shenna can easily have couple of kids of his own, without having to worry about how to finance their education. We do pray for it.

Its going to be a painful journey, very slow.

Have started buying absolute blue chip compnaies like Infosys, IDFC, ITC, NTPC, IDBI, TCS. Will buy these and forget these unless come to known something very bad about the management of these excellent companies. They are no multibaggers but they will surely grow, slow but steady at a faster rate than a normal debt instrument.

Over the next three years, hoping everything goes allright with God's grace, would like to invest around Rs. 10 lakh in shares with a 10-20 year perspective. These are for Shenna.

Will ask him to do the same thing when he becomes 18 year old.