StOnks
StOnks
A small glimpse into the world of the Stock Market (For dummies).
What is the first thing that comes to your mind when someone says the words “Stock Market” ? is it the meme of the guy saying “stonks”? is it a picture of a market where people are selling vegetables and fruits? Is it a plane? Is it a bird? Well, if any of this came to your mind, you are not alone. The Stock market can be quite abstract to understand, but hopefully, this piece changes that for you.
A stock exchange is a highly organized financial market where shares, debentures, and bonds can be bought or sold. Its main function is to create a link between the buyers and sellers of securities so that investment can change hands in the quickest, cheapest, and fairest manner. The securities traded on a stock exchange consist of shares, debentures, and bonds issued by companies and corporations.
A stock exchange is a market where dealing in the listed securities are made by members of their exchange on their own behalf or on behalf of others. The Stock Market can be bear-ish or bull-ish depending upon the situation that the given market is currently undergoing. The market is said to be bullish when there is an expectancy for the prices to rise, whereas, the market is set to be bear-ish when there is an expectancy for prices to fall. In a bullish market, the buyer tends to buy more in anticipation of a rise in price, it is the opposite of a bearish market. In India, there are two major stock exchanges in India- the Bombay Stock Exchange (BSE) and the National stock exchange (NSE)
Dalal Street is a street in downtown Mumbai, India, that houses the Bombay Stock Exchange (BSE), the largest stock exchange in India, and other reputable financial institutions. It received the name Dalal Street after the Bombay Stock Exchange moved there in 1874 and became the first stock exchange recognized by the Indian government. Dalal Street is a metonym for the entire Indian financial sector, much like Wall Street is in the United States.
I was in the 11th grade when I was first introduced to the idea of commerce. The idea of finance and money was proposed as a menial term but, over the course of two years studying ISC, I learned that these terms actually spread over a larger spectrum. A few of my friends and I were given the opportunity to take part in a live recreation of the stock market in school, and when I say it was chaos, it was absolute chaos. This was our first time attending an event like this and it was definitely a charm. We were introduced to the basic terms of the stock market and were given the chance to trade and create a portfolio on the website - https://www.moneycontrol.com/.
This was the beginning of my road down the investment platform. After my 12th grade, I started engaging in online classes and courses to help me gain a better understanding of investments. The pandemic gave me a good excuse to get into reading and spending time with myself. I took this time to look up A few books and websites.
Here are some of them :
Rich dad poor dad- by Robert T Kiyosaki ( Book)
This book helps to put you in the right mindset.
Buffett: The Making of an American Capitalist- by Roger Lowenstein(book)
This book sheds insight into the ways and means of the Oracle of Omaha. Warren Buffett’s thoughts are insightful and his methods may yield fruitful rewards for investors with enough patience to learn them, understand them and apply them correctly.
How to win friends and influence people – by Dale Carnegie(book)
This book helps you understand how to work with people.
The intelligent investor -by Benjamin Graham (book)
The Holy Bible of investing.
TrakInvest- This website will help you create a “dummy” portfolio and trade using fake money. One can also compete in several games and interact with fellow users.
Investopedia’s Stock Market Game or Wall Street Survivor’s Stock Market Game.
A feature from the Film Industry.
The first time I watched the movie The Wolf of Wallstreet, I remember thinking to myself “This is the place I want to work at when I grow up”. The hustle and bustle, the noise, the energy captivated my attention, and I was keen on learning the hustle of Wall Street. Although the movie is not based solely on the idea of the stock market and its functioning, one can get a brief insight into the working of the Markets by watching this movie.
The Wolf of Wall Street, the American Oscar-nominated film starring Leonardo DiCaprio and Margot Robbie provides a brief insight into how the markets at wall street work. The movie summary - In 1987, Jordan Belfort (Leonardo DiCaprio) takes an entry-level job at a Wall Street brokerage firm. By the early 1990s, while still in his 20s, Belfort founds his own firm, Stratton Oakmont. Together with his trusted companion (Jonah Hill) and a merry band of brokers, Belfort makes a huge fortune by defrauding wealthy investors out of millions. However, while Belfort and his confederates partake in a hedonistic brew of sex, drugs, and thrills, the SEC and the FBI close in on his empire of excess.
The movie was directed by: Martin Scorsese
Genre: Drama, Dark comedy, crime fiction
Time duration:180 minutes
FACT CHECK: Rakesh Jhunjhunwala- The Phoenix of the Stock Market. This man is the Big Bull Rakesh Jhunjhunwala, who is known as the Indian Warren Buffet or the King of Dalal Street! Also widely known as the 'Phoenix of the stock market', Rakesh Jhujhunwala, started from an investment of Rs 5,000 and earned riches of $3.1 billion. Rakesh has been greatly influenced by the industrialist Dhirubhai Ambani (founder of reliance industries). Currently, Rakesh Jhujhunwala manages his own portfolio as a partner in his asset management firm, Rare Enterprises, and his wife Rekha.
To conclude, I hope my attempt to decipher the stocks' abstract idea has been successful and captivating. Thank you for sticking to the end. Happy investing!
- Cheryl Anoushka
loved the piece! very informative, looking forward to future editions. keep up the good work <3
wow cheryl this is very well written! keep up the good work. can’t wait to learn more about stocks from you😁