Jignesh Kumar Patel - Mumbai (Vol 24 Issue 3)
Q.1 How did you get into investing in stock market?
After I completed my studies in 2001, I bought some shares on my friends’ suggestion and made profit and since then I regularly make investments in stock market.
Q.2 Before you started reading DSIJ, how did you decide about which share to buy and when to sell it?
Before reading DSIJ, I used to buy shares on suggestion of my friends and whenever I use to get 10-15 per cent profit, I used to book full profit.
Q.3 When did you start reading DSIJ? Why did you feel the need to read DSIJ?
I started reading DSIJ three years ago. I had heard a lot about DSIJ through my friends and relatives. They told me about the accuracy and research done by DSIJ on stocks and their success rate. Based on that, I started reading DSIJ and am still continuing to read it.
Q.4 What made you choose DSIJ and not any other investment magazine?
I read many other stock market newsletters, but the recommendation, accuracy, market update done by DSIJ was the best from my point of view.
Q.5 Which columns do you generally read in every issue of DSIJ? Why?
Stock recommendation, data bank,news and events, because it provides all the activities of the stock market accurately.
Q.6 Can you name the specific stock recommendation columns that you read regularly?
I read Informed Intelligence column regularly because the column provides accurate information about the fundamentals of the stock, order book of the company; exact information about the previous results of the stock, dividend yield, book value, etc.
By knowing such facts from this column I benefitted the most in choosing as to which stock to buy.
Q.7 Which of these stock recommendation columns have benefitted you the most:
a) Cover Story, b) Choice Scrip, c) Low price Scrip, d) Analysis, e) Portfolio Guide, f) Technicals, g) Hot Chips, h) Informed Intelligence?
I have benefitted the most from Informed Intelligence.
Q.8 How did you benefit from reading DSIJ? Give examples in which you invested based on DSIJ recommendations and made good profit?
I bought 50 BEML shares @ Rs 1020 in Mar ’07and sold them @ Rs 1700 in Nov ’07; 200 Bartronics shares @ Rs 145 in Jul ’07 and sold them @ Rs 205 in Feb ’08; 1000 SBTL shares @ Rs 12.50 in May ’07 and sold them @ Rs 49 in Dec ’07 and the list goes on....
Q.9 Do you also book losses at times or you wait for the share price to go up and exit?
I wait for the price to go up, but if it doesn’t, then I book loss in that particular scrip and switch over to another scrip.
Q.10 Do you invest for the long-term or short-term?
Usually, I invest for long term but if I get good profits in short term I do book profits.
Q.11 How do you rate the quality of writeups in DSIJ on a scale of 1 to 10? How do you find the lay-out of the magazine?.
On a scale of 1-10, I would rate the write-ups at 10. The lay-out is also very nice.
Q.12 Overall, what is your opinion about DSIJ as an investment magazine?
DSIJ is a complete package for the people who want to invest in the stock market.
DR PRITHI RAJ SHARMA (Vol 24 Issue 6)
You have been a subscriber of the Dalal Street Investment Journal as well as the online edition for the past couple of years. Before you started reading DSIJ, how did you decide about which shares to buy and when to sell them?
Initially I was very much skeptic about the stock market. I had been warned by many about the risk factor. But I become curious to know more and more about the markets as I consider risk to be an integral part of life. I just started monitoring four to five scrips in financial newspapers like the Economic Times, Financial Express and others. The daily fluctuations and the possible long-term benefits led me to know and understand the markets better. I then started referring to different investment journals including the DSIJ.
How did you come to know about DSIJ? Have you been following the recommendations?
One of my friends, who had been a subscriber of DSIJ, had a high opinion about the journal. We used to have personal discussions about the market. He had been telling me that at times he had really benefitted from the recommendations in the DSIJ. I therefore started referring to your recommendations. But he had forewarned me about the vagaries of the markets and so I had been quite cautious while carrying out my investments.
How far has the global meltdown forced you to change your investment strategy?
This economic meltdown had not been anticipated. It was a bolt from the blue. Anyway, now I am investing slowly with every fall.
Which of the scrips do you feel will be doing well in 2009?
As per my inference, Cairn India, Tata Steel and Glenmark are likely to perform well.
What prompted you to start parking your money in the stock market?
As I said earlier, I was really curious to know about the yet unexplored, uncertain field of the stock market. I entered the market after the 1992 boom. After that there was no looking back till last year.
Why did you feel the need to read DSIJ?
I had an appetite to get newer and newer information and I found that DSIJ had been providing useful and authentic information which is not provided by other publications. Your journal has built up a good reputation in the market and this has led me to recommend it to even my friends. I have been following the recommendations because of the proper reasoning you provide.
How do you find our online edition?
The online edition is really good and is reader-friendly.
What changes will help to make it more beneficial to the readers?
You could start a column that explains stock market jargon and terminologies. This will make it useful to even those who are just beginners. For instance, even though I am now quite aware of the various terminologies, I find it difficult to explain these to my friends who are curious about the stock market.
Which are the specific stock recommendation columns that you read regularly?
I read and follow Portfolio Guide and Broker’s Best.
Which are the scrips that, based on DSIJ recommendations, either made good profits or suffered?
The global meltdown has been an eye-opener. I feel that it is better not to discuss this at present.
Do you also book losses at times or do you wait for the share prices to go up and then exit?
Everything depends on the circumstances. Sometimes I book losses. Usually I wait.
Do you invest for the long-term or short-term?
Both have their own drawbacks. I take decisions from case to case. My main concern is the benefit and I invest both ways.
How do you rate the quality of writeups in DSIJ on a scale of 1 to 10? How do you find the layout of the magazine?
I rate the quality of the write-ups at 7. What drives a reader, or even an investor, to continue reading a particular article or recommendation is the way it is written and presented. Unlike earlier days, I have started liking the journal for its attractive look. Your cover pages have been quite eye-catching and that’s what tempts the reader. The illustrations have been quite supportive too.
What is lacking in DSIJ?
DSIJ should include educative information regarding future trading / commodities trading / ETF / currency trading / SEBI / CLB etc. It would also help if the subscription amount was minimised and the online edition was made free. Your revenue can come from advertisements. You could also start different quiz competitions related to the market.