I boarded an Uber at Mohali this Tuesday.

At the very first red light, the driver picked up his phone and scrolled through an app.

As he scrolled, he asked me if I invested in the stock market.

I smiled and said “No” (I had an important client meeting and wanted to avoid any discussion on stocks specially after the losses on Monday!)

He proudly told me his portfolio value was close to 15 lakhs and he had built it up gradually by saving money every month over the last few years.

He was not a day trader and had a very simple philosophy.

He identified a few stocks across 4 sectors – Hospital, cement, pharma and steel.

He had a logic for these industries – a growing economy leading to a growth in consumption of cement and steel, and bad food habits in today’s generation leading to higher outflow on medicines and hospitals!

I leaned forward considering his logic.

He told me he bought stocks only across these 4 sectors and sold his stocks at a profit of 10%. 

The same stocks remained in his watchlist and he bought the stock again when the price reduced (he had made some significant purchases on Monday).

He is going to sell again as soon as he gets a 10% upside!!

He urged me to start investing with this simple philosophy. 

I was now constantly nodding and talking to him. 

He said the only reason people lose money in stocks is on account of emotions and greed – his 10% formula helped him stay away from both these aspects.

The person was not a financial expert but had developed a simple algorithm which worked for him.

Do you invest in stocks?

Any algorithm that works for you?

Imagine the possibilities

Read more on LinkedIn