• Business News
  • Insurance
  • Saving
  • Share Market 5Paisa
  • Loan
  • Mutual Funds
  • Investment
  • Real Estate
  • Crypto coindcx
    • हिन्दी
    • తెలుగు
    • मराठी
    • বাংলা
    • ગુજરાતી
    • ಕನ್ನಡ
  • Close
  • Daily Show
    • 2+2=5
    • Take it Easy
    • Red Alert
    • Formula Guru
    • Money Gyan
    • Money Central
    • Money time
    • Jhatpat
  • Weekly Show
    • Money Comics
    • Economicom
    • Realty Check
    • Smile and pay
    • Money Tales
    • Spend Wise
    • Companynama
  • Insurance
  • Savings
  • Share Market 5Paisa
  • Loan
  • Crypto coindcx
  • Investment
  • Mutual Funds
  • Real Estate
  • Tax
  • Exclusive
  • Home » News » Equities » Krishna Agarwal: The investor who owed his adulthood to Lehman Brothers

Krishna Agarwal: The investor who owed his adulthood to Lehman Brothers

Don’t try to catch all the winners in the market, is his advice to those who want to invest in equities

  • Rahul Oberoi
  • Updated On - June 17, 2021 / 01:50 PM IST
Krishna Agarwal: The investor who owed his adulthood to Lehman Brothers

Krishna Agarwal is indebted to Lehman Brothers. The bankruptcy of the 164-year-old Lehman Brothers and the resultant impact in the stock markets in 2008 did wipe out his investments, but it turned him from a rookie investor into an adult one.

Kolkata-based Agarwal, 37, was fortunate with the timing of the meltdown too. He had stepped into the market just about a year ago in 2007, when he was still a final year student of engineering and the market was recording new highs every day.

The lure

To make a quick buck, the man in his early twenties purchased a few stocks in small quantities. “I was very new to the market and didn’t have any idea about how the market moved,” he recalled. Beginners’ luck worked for him.

He put his savings into Suzlon, Unitech, Chambal Fertilisers and several others.

Dirt cheap

Immediately after the crash triggered by Lehman Brothers, stocks were available at cheap prices. Scalded by the fall, Agarwal began to study stocks seriously, and undeterred, he picked up mid and small-cap stocks such as Relaxo, Astral and Ajanta Pharma in the early phase of growth.

“These three stocks made my financial backbone and created huge wealth for me afterwards. In all three stocks, I allocated small amounts that grew big with time,” he said.

He made money almost 8-15 times in these stocks.

Burning midnight oil

Between 2009 and 2012, Agarwal burnt the midnight oil and picked up skills in both fundamental and technical analysis. His experience 2010 and 2015 was so encouraging that he decided to quit his job and devote full time to investment and trading in May 2015.

In the bull run of 2015-2017, Agarwal found a few other mega baggers including BEPL, Avanti Feeds and Thirumalai Chemicals that helped him grow his capital manifold.

But 2018-2019 turned gloomy as he lost a huge amount of money in smallcaps. “I could not exit in time. It’s easy to buy but it’s always tougher to decide when to exit. One becomes a prisoner to profits. The difficult part is to ride a rally and exit in time,” he said.

Financial freedom

Agarwal loves his free time that he spends mostly by reading and watching web series. He defines financial freedom in terms of “a lot of free time along with an abundance of money”.

However, he has a word of caution to those who are keen to take the plunge fulltime into investing. “You have to be continuously profitable in both good and bad markets. And you must be making more money than your job for at least three continuous years before you decide to switch to full-time investing or trading,” he said.

First love

Agarwal first came to know about the term ‘stock market’ when he was only five. His family had made a part of their fortune through the stock market and he was brought up in a climate where investing was a matter of daily discussion.

As he grew up, Agarwal developed a habit of sharing his knowledge. He has more than 34,000 followers on Twitter with whom he regularly shares information.

Do’s and don’ts

A disciplined approach to investing is vital, he said. “One should not try to catch every horse. One should always maintain a stop loss on trades and investments,” he says.

He also advises against quickly changing strategy. “Work upon your strategy and refine it to perfection,” says Agarwal, who is a fan of Radhakishan Damani of DMart, who grabbed headlines in April this year by purchasing a two-storey bungalow spread over 61,916.3 sq ft for Rs 1,001 crore in Mumbai.

Download Money9 App for the latest updates on Personal Finance.

follow us

  • Facebook
  • Twitter
  • LinkedIn
  • Telegram
  • Youtube
  • Instagram

also read

  • It’s a splendid time to book profits, says Ventura Securities’ Vinit Bolinjkar

    It’s a splendid time to book profits, says Ventura Securities’ Vinit Bolinjkar

  • Should you invest in new-age digital investment platforms?

    Should you invest in new-age digital investment platforms?

Read more news on

  • Avanti Feeds
  • Krishna Agarwal
  • Multibaggers
  • My Money My Life
  • Radhakishan Damani

Latest Video

SEE MORE
Why mutual fund investment is falling ever since FIIs have made a comeback?

Why mutual fund investment is falling ever since FIIs have made a comeback?

Updated: August 12, 2022
Tariff increase on cards; 5g tariff plans in India to make data expensive

Tariff increase on cards; 5g tariff plans in India to make data expensive

Updated: August 11, 2022
Why wheat prices won't fall even if wheat import duty is reduced?

Why wheat prices won’t fall even if wheat import duty is reduced?

Updated: August 10, 2022
Know Nifty 50 forecast, Sensex 30 forecast

Know Nifty 50 forecast, Sensex 30 forecast

Updated: August 9, 2022
Know the reason why onion prices are falling and current problems faced by onion farmers

Know the reason why onion prices are falling and current problems faced by onion farmers

Updated: August 5, 2022
Why clothes are not becoming cheaper despite  fall in cotton prices?

Why clothes are not becoming cheaper despite fall in cotton prices?

Updated: August 4, 2022
When will attrition in IT Sector and Tech Startups stop?

When will attrition in IT Sector and Tech Startups stop?

Updated: August 3, 2022
How will government's decision to implement 5% GST on non-branded food items impact you?

How will government’s decision to implement 5% GST on non-branded food items impact you?

Updated: August 2, 2022
Open in App

Related

  • Here’s how 3 friends turned a small idea into a business of Rs 65 crore

    Here’s how 3 friends turned a small idea into a business of Rs 65 crore

  • D-Mart jumps over 2% as Q2 revenue jumps 46% to Rs 7,650 crore

    D-Mart jumps over 2% as Q2 revenue jumps 46% to Rs 7,650 crore

  • India’s top 10 richest: Here’s a look at Hurun India Rich List 2021

    India’s top 10 richest: Here’s a look at Hurun India Rich List 2021

  • RIL Chairman Mukesh Ambani tops Hurun India Rich List 2021, Gautam Adani & family made Rs 1,000 crore per day

    RIL Chairman Mukesh Ambani tops Hurun India Rich List 2021, Gautam Adani & family made Rs 1,000 crore per day

  • Rakesh Jhunjhunwala, Radhakishan Damani and Basant Maheshwari’s stock bet plunges 27%

    Rakesh Jhunjhunwala, Radhakishan Damani and Basant Maheshwari’s stock bet plunges 27%

  • Jhunjhunwala, Damani stock: Promoters lap up over 14 crore shares in this multibagger smallcap firm in 1 year

    Jhunjhunwala, Damani stock: Promoters lap up over 14 crore shares in this multibagger smallcap firm in 1 year

Videos

  • Tariff increase on cards; 5g tariff plans in India to make data expensive
    Analysis

    Data To Make Your Pocket Light

  • Ministry of Civil Aviation removes airfare bands with effect from August 31, 2022
    Bulletin

    Freedom For Airlines in Ticket Prices

  • How does gadget insurance work? What does gadget insurance cover?
    Savings

    Protect Your Costly Gadgets This Way

  • What is the difference between Bulk and Block Deal?
    Helpline

    What is the difference between Bulk and Block Deal?

  • Why wheat prices won’t fall even if wheat import duty is reduced?
    Analysis

    The Battle For Indian Wheat Market

  • TV9 Sites

  • TV9 Hindi
  • TV9Telugu.com
  • TV9 Marathi
  • TV9 Gujarati
  • TV9 Kannada
  • TV9 Bangla
  • News9 Live
  • Know this india
  • Money9 Sites

  • Money9 Hindi
  • Money9 English
  • Money9 Marathi
  • Money9 Telugu
  • Money9 Gujarati
  • Money9 Kannada
  • Money9 Bangla
  • Topics

  • Insurance
  • Savings
  • Loan
  • Stocks
  • Mutual Funds
  • Real Estate
  • Tax
  • Crypto
  • Exclusive
  • Daily Shows

  • 2+2=5
  • Take it Easy
  • Red Alert
  • Formula Guru
  • Money Gyan
  • Money Central
  • Jhatpat
  • Money time
  • Weekly Shows

  • Money Comics
  • Economicom
  • Realty Check
  • Smile and pay
  • Money Tales
  • Companynama
  • Spend Wise
  • Follow us

  • FaceBook
  • Twitter
  • Youtube
  • Instagram
  • Linkedin
  • Download App

  • Andorid
  • ios
  • Contact Us
  • About Us
  • Advertise With Us
  • Privacy & Cookies Notice
  • Complaint Redressal
  • Copyright © 2022 Money9. All rights reserved.