Fifteen years later, Mukta Dhamankar, a middle-aged mother of two, is making a successful home run with her disciplined, tolerant and diligent business acumen and investment decisions. A qualified nutritionist and former research assistant at UNICEF, she acted on her instincts after literally ‘sailing’ after eight years of marriage with her husband, who is a Navy officer.
In the early days of her marriage, Dhamankar started exploring the world with her husband. Things changed after becoming a mother. Dhamankar decided to become an entrepreneur, and it was her maternity period and qualifications that inspired her to start a company of baby food products.
However, after running the operation for three years, he found his true calling. An avid reader of trading dailies, she then dived into the turbulent world of stock trading.
“I felt the need to learn all these concepts, and I also thought it would be the best thing to do because I don’t need to travel and can stay at home, take care of my family, and watch.” I can see that my children grow up under my care, says Dhamankar.
However, she knew vaguely about the stock market. Dhamankar says, “My father used to invest in blue-chip stocks at times, but becoming a full-fledged trader was a completely new experience.”
“When my kids go to school, I use those 5-6 hours for business and nights for research. I spend less time reading global and Indian economic affairs and corporate news, after my kids are asleep. At least 40 minutes. On speed”.
She also acknowledges the emotional support and trust that her in-laws and husband have in her.
Sharing his early experience in trading, Dhamankar says that it took at least a year or two to gather a complete summary of the stock market. “I had set a very small target for me in the beginning as it was new for me and my family. And making regular income from business was also new for us. So, I am ready to take any big amount of risk. No. I started trading with small goals like 2,000 to 3,000. In the beginning, if I made 5,000 a day, I used to close the terminal”.
Right now, Dhamankar says that he has been able to make a decent return on his capital.
According to him, learning concepts from the internet and applying them in a vibrant market are two different things. “Managing your emotions and trading the market actively is a task. Every investor has their ups and downs, but I have never had sleepless nights on a bad day in the ring.”
She advises that patience and discipline must be the two key factors to enter the stock market.
Dhamankar is not only completely immersed in business, he also expands his wealth by investing in mutual funds through government schemes like Systematic Investment Scheme (SIP), government bonds, property, gold trading and National Pension Scheme (NPS). I also believe in doing. Additionally, she chooses stocks for long-term investments by comparing the relative strengths of both stocks and sectors.
Mukta says, “In every sector, there will be an outperformer and an under-performer. An outperformer will rise when the index rises and an underperformer will do well when the index falls. You need to be in the right scrip at the right time.” Dhamankar who managed to take her family to South Africa on a self-funded holiday in 2019.
Dhamankar is now passing her decade-long experience in the stock market to her children. “In India, financial literacy is very limited. So, I chose to educate them in my own way. I have taught them about derivatives segment, commodities. My kids are also curious. Whenever I am trading, they Let’s try sitting beside me and learn about candlesticks, moving averages, point and figure charts and more,” says the proud mother of two.
Apart from this, she also plans to share her expertise in the stock market with those who want to learn. “If people are really interested in learning, I would love to teach them. Learning these concepts requires patience and discipline. I can help people learn stock market in Marathi, Hindi and English. ” Dwarf connects.
“The journey to understand the stock market was a gradual process. I had a lot of ironies under fire, raising my kids and taking care of my family on one hand, and managing bulls and bears on the other. However, I have yet to I’m trying to find the right balance, but somehow I’ve managed to navigate my ship successfully for all these years,” Dhamankar quipped as he prepared to run the stock market’s recent topsy-turvy run. Is.