Parvej Alam

As human beings, we tend to forget things easily. That’s why it’s always wise to write things down — especially when it comes to  money and finance . Have you ever wondered how our parents and grandparents managed to run a household with three or four children, handle all expenses, and still save — all on a limited income? If you’ve noticed, many of them maintained a small diary or notebook. They recorded every expense, no matter how small. They always knew how much they earned, how much they spent, and how much they had left. Based on that simple habit, they managed finances, that too without any credit cards, loans, or digital apps — just discipline and paper. When you run a business, the same principle applies. You need to track your daily, monthly, and yearly financial progress. Without it, you have no way to measure your performance or decide whether to continue, expand, or shut down. This process is called  “accounting and book-keeping.” You may know that Relianc...

People often ask about my CAGR. To be honest, two years ago, I didn’t even know what this term meant. I see everyone is so obsessed with CAGR that many forget the core purpose – earning money. My CAGR was 28% in 2023 and 15% in 2024. Yet I earned only 2.5L in 2023, while my earnings were 7.1L in 2024. Year Buy Value Sell Value Profit Profit % 2023 902934 1156936 254003 28.1% 2024 4702224 5416064 713841 15.2% 2025 4643554 5327755 684201 14.7% 2026 2027 TOTAL 10248711 11900756 1652044 16.1% For a trader, CAGR is not always a great indicator of performance. It may be good for long-term investors or mutual funds, but not for those who actively churn capital and rotate money. I might be wrong but in my view, turnover and profit/earnings matter the most.  That reminds me of the story of a young, poor Marwari boy who captured the sugar market in his town. Story There was a young, poor Marwari boy who wanted to start a business but had very little or no money. For some reason he de...

As advised by my mentor,  trading  should be treated as a business.  just like running a superstore or shop. In my mind, the market is my store, and the stocks are the items I keep on my shelves. I try to “buy” these items at reasonable prices so that I can “sell” them later at a profit margin, just like any smart shopkeeper would do. There are a few things I like most about this trading business: You can operate your “store” from anywhere in the world. You do not have to answer to any boss. You are not dependent on any employees. You can start this business with very little capital. It is, in many ways, less risky than running an actual physical business or company. Many people may not agree with that last point, so let’s compare. The Traditional Shop Setup Imagine opening a store of garments, home appliances, a restaurant, or any business you like. Before you even start, you usually need: Years of experience and expertise in that particular field. A place to buy or r...