馃攳
Investment Strategies for Beginners and My Investing Experience - Ft @pranjal kamra - YouTube
Channel: Asset Yogi
[0]
Next all shares that I bought one was Elder pharma
[3]
and one-two more pharma companies, sunk
[5]
When you have at least 1 lakh Rupee then come
[7]
we don't open an account for 10-20 thousand Rupee here.
[9]
If someone wants to start their stock trade journey in the early 20s
[12]
what tips would you wanna give?
[15]
How is your portfolio like, generally?
[17]
Which stock earned you the most money?
[20]
Namaskar friends, our new series that we started where
[23]
we are bringing popular finance YouTubers,
[25]
there today we are bringing a famous YouTuber for you to meet
[28]
and will try to know about his journey today.
[31]
You all might know him as well,
[33]
Pranjal Kamara's name is well popular nowadays as well
[36]
And we will learn about his journey that as an investor where he invests,
[41]
and a lot of startup enthusiast wants to know that
[44]
when someone starts a startup what struggles do they need to face?
[48]
And what struggles specially Pranjal face? And what things gave him confidence.
[54]
And along with that, we will also keep a segment at last where
[57]
we will ask some light-hearted questions, which we will call the Halka-Fulka segment.
[62]
So stay tuned in this video.
[64]
So thankyou Pranjal for coming into asset yogi's channel and
[69]
I would like to know how do you best describe yourself?
[73]
because of what I saw in your channel and learned about you a bit
[77]
I learned you wrote books, you also work at youtube, you are also running
[82]
your startup too by the name of Phenology, so I would like to know
[85]
what best describes you Pranjal.
[88]
[Pranjal] First of all thank you soo much sir for inviting me.
[91]
I am very nervous and excited that I got a chance to talk to you
[95]
as I have told you in a lot of calls, that I admire you a lot
[99]
and I always tried to learn from you.
[101]
So thank you that I got the chance to talk to you, sir.
[105]
And about your question that how do I perceive myself.
[109]
So I will start with what I don't first so as an author
[115]
I don't see myself at all as an author.
[117]
Actually all day a lot though come and go in my mind,
[121]
so I keep making notes
[122]
So after a year as I look back, I find myself with a lot of notes
[127]
so my aim is always to whatever I learned in a year to make into a book,
[133]
So in a way it happens by itself, I am not a good author,
[137]
that's gone. So second do I see myself as a YouTuber?
[140]
No sir, honestly I don't see myself as a YouTuber there are two reasons for that
[145]
That what I admire about you too is that sir,
[148]
if I am not looking at myself as a YouTuber
[151]
so I'm making videos only when in the morning I wake up and
[155]
I feel like no I need to tell this to my audience
[157]
so when I strongly feel something
[159]
only then do I make videos.
[161]
So do not see me as a YouTuber as well.
[165]
The third sir, if I see myself as an investor or an entrepreneur?
[169]
3 years ago from today, the definite answer to this was
[173]
I see myself as an investor
[176]
but sir what happened was that business began to keep growing
[180]
in entrepreneurship, in phenology, we started making products,
[183]
the team kept on expanding,
[185]
and I started having more fun in that.
[187]
So today honesty I see myself first as an entrepreneur.
[190]
[Mukul] Okay so you see yourself as more of an entrepreneur compared to
[196]
what I think you do other work as well and I think you do good other things as well
[200]
but I think you relate more with entrepreneurship.
[204]
[Pranjal] Yes sir definitely.
[205]
[Mukul] But yes, your answers felt very honest and I too believe
[209]
when there is something important only then do I come to youtube.
[212]
And I think we are syncing up to that .
[216]
So Pranjal I would also like to ask you one more thing
[219]
a lot of people might also be interested to know about your background story.
[224]
I checked your LinkedIn profile and I discovered you gave studied law
[229]
you graduated as an LLB I guess.
[232]
So suddenly after that without any formal training
[235]
how do you think to step into finance, how was the transition?
[241]
I am very curious to know what kind of initial struggle have you been through.
[245]
[Pranjal] Sir actually I was never interested in law.
[249]
Like in school to I was not that good but yeah I was a good orator.
[253]
so my parents told you are good at speaking
[255]
you become a lawyer.
[256]
So sir I gave the competitive exam
[259]
I got selected in NLU.
[261]
I graduated from National Law University, Raipur. But sir
[264]
in the initial days, I realized this is not for me so I couldn't focus on that
[268]
In the 3rd year, I was watching a tv program with my dad
[272]
usually, these channels CNBC, Zee business seem very boring to me,
[275]
couldn't understand what they say all day, sitting in their suits.
[279]
But in one tv show they dressed up as a Don, they used to
[282]
break phones, punch the punching bags, giving answers to the shares.
[287]
So as a 19 y/o 18 y/o, I liked it. And I said to my father that
[291]
I want to do this, you give me some money.
[294]
He said to take 20,000 Rupee if it flopped get back to law
[297]
and if it grew you can do this.
[299]
On the first day, I bought two-three of which the second share was TVS motors,
[303]
And that grew 8-9 times in just 8-9 months.
[307]
It grew from Rs 27 to Rs 260-270
[310]
now the other stocks that i bought
[312]
one was Elder pharma, and couple more pharma companies, they sunk.
[316]
I used to buy and in 4-5 months they used to get delisted due to some fraud.
[321]
So the money that I earned, sunk.
[323]
Now I started feeling the guilt
[324]
Now 1.5 years have passed investing in shares and felt a guilt
[328]
that I'm losing my dad's money and I'm at 4th year now in law school
[331]
what do I wanna do in the future?
[333]
Two years 4th and 5th I just read books on investing did some fundamental analysis.
[338]
And then I got to know there is an institute by the name of NISM
[341]
that is a college of SEBI.
[343]
And that offers full-time courses in Stock market and finance
[346]
and I thought this is for me
[349]
and one year I topped my batch, sir.
[352]
So from there, I got confidence in finance.
[354]
[Mukul] Oh alright okay, and when did you start youtube?
[357]
[Pranjal] So this could end in April 2017
[361]
and in June or July the same year I started doing youtube.
[365]
[Mukul] Ohh alright I also started in August 2017 only 2-3 months difference maybe.
[370]
We understood some of his entrepreneur as well as his youtube journey
[376]
Now I would also like to touch upon the investor side of you a little more
[381]
you told me that you bought shares of TVS earlier so,
[383]
was TVS your first investment? or something else was
[386]
and if you want to tell something about that.
[389]
And something else that you haven't talked about yet anywhere
[392]
some interesting topics as an investor.
[393]
[Pranjal] So sir one thing that is coming to my mind which I don't know
[396]
how I never talked about it anywhere is that
[398]
I was gonna get 20,000 Rupee from my dad and I didn't have any bank account
[406]
and I was 19-20 y/o and I didn't have any bank account and I wanted
[411]
to get a 3 in 1 Demat trading and saving account so eagerly.
[416]
So the first bank where I went was an ICICI bank
[419]
and by mistake, I didn't have any knowledge
[422]
so I went to a VIP or wealth branch something it was.
[427]
So as I began to climb up the stair they didn't even ask me in
[430]
from the outside, they asked me what happened?
[433]
So I said I want to open a 3 in 1 account I want to start investing in shares.
[438]
So they asked how much will you invest?
[439]
So I said I have 20,000 Rupee and I would like to invest all of it
[443]
I want a zero-balance account.
[445]
So I don't know if that was the manager or what. He very rudely told me
[450]
that no-no this is a wealth branch, when you get at least Rs 1 lakh then come
[454]
we don't open account for 10- 20,000 Rupee here.
[455]
So I called my friend, he suggested opening an account in Axis bank
[459]
they have a youth account that could be open for zero balance.
[461]
So they took a lot of time to open that and I was tracking shares everyday
[466]
and I was getting very restless.
[467]
So as my account opened, I believe it took like a week to open.
[471]
So as soon as I got Rs 20,000 I sat in front of the PC and started
[476]
punching orders for those 4-5 shares that I wanted to buy.
[479]
So as I remembered, I took TVS and many others that day but
[483]
the first I bought was shares of Crompton greaves
[486]
but that was still better, other 2- 3 company shares I bought that just sunk.
[489]
[Mukul] So as I learned that you started your investing journey at the age of 19-20
[495]
as a student, you started I believe.
[497]
So if in today's date if someone wants to start their journey
[501]
in the early 20s, so what tips would you like to give to them and
[504]
how should they build up their portfolio?
[506]
[Pranjal] Sir there is a very basic tip, the most basic mistake that happens
[511]
is that as a youngster the companies we know and use don't attracting to us?
[518]
What attracts us? The ones which are praised by some expert
[523]
or which is being advertised that it will go to Mars, Jupiter
[529]
or this will bring the cure for cancer.
[531]
These types of complicated companies about which we can not verify facts.
[536]
As a beginner, you have to just do a very simple step
[539]
if you are interested in biking then see Bajaj, Hero and TVS.
[542]
If you are interested in clothing then see Aditya Birla, page industries
[547]
TCNS clothing or watch Arvind.
[549]
Those products that you are a customer of just buy only those companies.
[555]
And one thing is this that however, it attracts you,
[558]
your 50,000, 10,000 you invested in just that thinking that
[563]
this 50,000 will be 5 lakh and I'll be in the limelight.
[566]
So this never happens!
[567]
At least take 7-8 companies and do not invest everything in just 1-2 companies.
[571]
So these two simple things are there sir.
[573]
[Mukul] Oh yes this is very basic but very important I also believe that.
[578]
Okay so this mainly you talked about stocks, I would also like to ask a
[582]
followup question that how is your portfolio generally?
[586]
Have you made a formula to allocate some percentage somewhere?
[589]
That this much percentage should go to equity, this much to real estate
[593]
this much to debt and this much towards fixed income.
[596]
[Pranjal] No sir I have not differentiated like this in financial planning
[602]
It has some reasons too sir,
[603]
that if I say now that 80% of my total worth is in real estate
[608]
because we needed a big space for the company and we needed a new house.
[613]
So whatever I have earned in these 3-4 years is going towards
[618]
fulfilling these one time needs but over the years definitely, as much as I like
[623]
equity and as much as passionate I am about that
[627]
my allocation towards equity will keep on increasing, in mutual funds
[631]
I don't like investing a lot because if I see the alternate use
[636]
of capital, if I direct invest in shares then my knowledge will also increase
[640]
and even if return match or don't it don't matter a lot.
[643]
As a person, I will become more intelligent if I analyze stocks directly.
[647]
So in mutual funds, most of it is ELSS sir, which is important for tax saving.
[651]
And I don't have anything in bonds,
[654]
I just have a substantial quantity of sovereign gold bonds.
[657]
But in fixed income instruments, I have hardly anything sir.
[661]
[Mukul] Okay no, anyway I think that is an honest answer, I believe
[665]
one should see in today's days what is the best use of my capital.
[670]
So I think there is no harm in saying that
[672]
in today's date, this looks the most important to me
[675]
although you are doing it for your business I think it is justifiable.
[680]
So Pranjal I would like to ask you a question related to this,
[683]
so you say you invest in business along with that you are also investing in stocks
[689]
So have you made any percentage breakup that both are equity,
[692]
that if you invest in a business that is a kind of active equity investment
[697]
And second is a passive equity investment
[699]
when you invest in someone else's business.
[701]
So is there any formula or do you invest on an ad hoc basis?
[705]
I don't have such a formula, sir, in this I think that
[710]
whenever we talk about the investment we just see two things.
[714]
First where I am investing how much is that under my circle of competence.
[719]
And second how much less is the information asymmetry.
[722]
Do I know more about this company than the general public or the general market?
[727]
So I think is phenology in my circle of competence? I would like to believe so.
[733]
Is there any information asymmetry?
[734]
I know more about phenology than the market
[736]
about phenology, I know the most.
[739]
So because of these two use cases, and reasons, investing wisely also
[744]
this rationally feels right to me that I invest the most money in phenology
[750]
because here I have a unique advantage, an information advantage.
[753]
Here that I say the rule that not more than 10% in any stock
[759]
I am breaking this because this is my company,
[761]
you cannot do this in the stock market.
[763]
That you put 80% or 60% in a single company
[766]
there because you don't have the controlling stake
[770]
and there is also a lot of information asymmetry
[773]
so there do not break this rule, do not put more than 8-10% in a single company.
[778]
[Mukul] So we learned about Pranjal as an investor as an entrepreneur
[781]
we leaner the whole journey, we also asked some serious questions.
[784]
Now let's ask some halke Fulke (light) questions, keep this a light-hearted round
[788]
generally, people name this segment rapid fire
[791]
but we won't call it rapid fire you can take as much as time you need
[796]
but because questions are very light we are naming this segment 'Halke fluke.
[800]
So first question, Pranjal who is your favorite YouTuber if you want to tell?
[806]
One YouTuber I felt like I want to be like her after watching them
[810]
That is Urban Fight, Taskeen ma'am, and the way she speaks and connects
[814]
with people, right pronunciation of every word with correct emotions.
[819]
I get envious of her about this, I have also asked her to please make me like you.
[824]
[Mukul] Okay, and favorite finance youtuber?
[826]
[Pranjal] Sir not because I came to your channel so I'm saying this but
[828]
I came to this channel because you are my favorite.
[830]
[Mukul] How should I say in my video that this is sponsored (laughs)
[834]
that I paid you to say this.
[836]
Okay so Pranjal your first book on finance that people should read?
[842]
[Pranjal] Definitely Rich Dad Poor Dad sir, that is a very light book and
[846]
every time when I used to read it I felt like this is soo simple
[851]
why didn't I think about that, so definitely that is the first book.
[853]
[Mukul] Yes, yes in fact that was my first book too, it is very basic
[857]
and you think after reading this that people don't do such simple things.
[861]
And which one is your favorite book in stock investing, Pranjal?
[864]
[Pranjal] Sir I am tired of doing publicity of this book
[868]
I want this book to be on the best seller's list.
[870]
The Education of a Value Investor by Guy Spier.
[874]
That book teaches that sir investment is a life skill.
[878]
And you could be anyone and even if you have nothing to do with finance
[881]
you can still be a good investor.
[883]
Just need to change your mindset a little and just need to open your eyes.
[887]
So it is a life-changing book, sir.
[889]
[Mukul] And in a startup, the first book that people should read?
[893]
[Pranjal] Sir I have read a lot of books on startups but the one who
[899]
clicked me the most is Delivering happiness, sir.
[902]
It is about a company named Zappos which later got acquired by Amazon.
[907]
[Mukul] Tony Shay is the founder I think.
[909]
[Pranjal] Right, right sir. So I won't say its very much revolutionary but
[914]
it has so many small pointers that we learn that
[917]
things that look so simple, it can cause a lot of difference in a company, so
[923]
focusing on small little things is very important so I connected a lot to that.
[927]
[Mukul] If we talk about stocks which stock made you the most money?
[932]
[Pranjal] Definitely TVS, the way it multiplied 10 folds by beginner's luck
[936]
it never happened by doing research.
[937]
After that who made a lot of money is CDSL sir.
[943]
[Mukul] And any stock that has lost you the most money?
[945]
[Pranjal] Ah sir I also confessed about this last year in my video
[949]
got cursed about it a lot, it was a very big mistake.
[952]
Yes bank sir, Yes bank.
[953]
[Mukul] Anyway I liked this interview a lot Pranjal.
[957]
I think the audience would also have enjoyed it.
[958]
It was more of a heart-to-heart discussion, and the answers were honest.
[961]
I like this honesty, Pranjal.
[964]
So thank you for coming here and sharing your experience, learnt a lot.
[968]
[Pranjal] Thank you so much for inviting me. When we had this discussion,
[971]
so a lot of times I indirectly used to fumble your brain that
[974]
will you do it with me?
[976]
So this time when I saw that you are more than willing and you are asking
[980]
so I was dancing in my brain that oh wow.
[982]
Thank you so much, sir, thank you for having me, I had a great time sir.
[985]
[Mukul] Yes in fact i also had a great time, and I think audience
[989]
would also have loved this video, thank you.
Most Recent Videos:
You can go back to the homepage right here: Homepage