๐๐ญ๐ญ๐๐ฆ๐ฉ๐ญ ๐๐: ๐๐๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐ง๐ ๐๐ฎ๐ญ๐ฎ๐๐ฅ ๐ ๐ฎ๐ง๐๐ฌ ๐๐จ๐๐๐ฅ ๐๐จ๐ซ ๐๐ฉ๐ญ๐ข๐จ๐ง๐ฌ [๐๐๐๐-๐๐]
As we gathered lessons from each of our ventures, we also dipped our toes into the stock market. While most of us lacked deep knowledge, our interest was immense. Attending a trading workshop gave us a glimpse into the marketโs dynamics, potential returns, and the importance of calculated risks. With this newfound knowledge, we began investing small amounts to understand the intricacies firsthand. ๐๐ฐ
Initially, our investments yielded learnings rather than significant profits. We realized that trading with small amounts limited our potential gains. Seeking greater returns, we ventured into understanding mutual funds and sought to replicate their model for trading. Our plan involved pooling funds monthly from our close group to collectively invest in options and equity. This collective approach allowed us to trade with more substantial amounts, leading to higher potential returns. We diligently distributed profits based on each personโs investment share. ๐ผ๐ต
The strategy bore fruit, and we started making decent profits regularly. However, our journey faced an unexpected hurdle with the onset of the global pandemic. The stock market plummeted, dragging down the prices of our invested companies and resulting in significant losses. The sudden downturn rattled our confidence, leading to skepticism about the marketโs unpredictability. Eventually, we decided to exit the market, albeit with regrets as we had made considerable profits before the downturn. ๐๐ผ
๐
๐ข๐ง๐๐ฅ ๐๐ก๐จ๐ฎ๐ ๐ก๐ญ๐ฌ ๐ค
๐๐๐๐ฌ๐จ๐ง ๐๐จ๐ซ ๐
๐๐ข๐ฅ๐ฎ๐ซ๐:
-๐๐ง๐ฉ๐ซ๐๐ฉ๐๐ซ๐๐ ๐๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐๐ซ๐ญ๐๐ข๐ง๐ญ๐ฒ: The abrupt market crash caught us off guard, impacting our investments and confidence.
-๐๐ก๐จ๐ซ๐ญ-๐๐๐ซ๐ฆ ๐๐๐ซ๐ฌ๐ฉ๐๐๐ญ๐ข๐ฏ๐: We did not stay invested long enough to potentially recover losses and capitalize on future market rebounds.
-๐๐๐๐ค ๐จ๐ ๐๐จ๐ง๐ญ๐ข๐ง๐ ๐๐ง๐๐ฒ ๐๐ฅ๐๐ง๐ง๐ข๐ง๐ : We did not factor in external possibilities such as a stock market crash or global economic disruptions.
๐๐๐ฌ๐ฌ๐จ๐ง๐ฌ ๐๐ซ๐จ๐ฆ ๐
๐๐ข๐ฅ๐ฎ๐ซ๐๐ฌ:
-๐๐ญ๐๐ฒ ๐๐ง๐ฏ๐๐ฌ๐ญ๐๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐จ๐ง๐ ๐๐๐ซ๐ฆ: Markets tend to recover and offer higher returns over extended periods, despite short-term downturns.
-๐๐๐ฌ๐ข๐ฅ๐ข๐๐ง๐๐ ๐๐ง๐ ๐๐๐ญ๐ข๐๐ง๐๐: Enduring market volatility and staying invested can lead to significant gains over time.
-๐๐ข๐ฌ๐ค ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐ง๐ ๐๐จ๐ง๐ญ๐ข๐ง๐ ๐๐ง๐๐ฒ ๐๐ฅ๐๐ง๐ง๐ข๐ง๐ : Factor in external possibilities and have strategies in place to mitigate potential losses during market downturns.
While the stock market experience taught us valuable financial lessons and brought decent profits, our takeaway includes a deeper understanding of market dynamics and the importance of long-term investment strategies. ๐๐ก
#CodeClowns #code #clowns #startup #technology #ai #software #failure #journey #lessons #ecommerce #stockmarket #equity #options
Check our full story
CodeClowns Origins: How it all began
Attempt 1: Optimizing College Bus Operations [Year: 2015]
Attempt 2: Building a Hyperlocal Delivery Application [Year: 2015]
Attempt 3: QR to order food and manage your Restaurant [Year:2016/17]
Attempt 4: E-commerce platform for B2B & B2C Wearables and Mobile Accessories [2017]
Attempt 5: Backpackers hostel, abode the clouds, Built on Cloud [2017]
Attempt 6: E-commerce for First Copy Shoes [2018]
Attempt 7: Inventory Management Software for Vehicle Spare Parts [2019]
