Only one person took interest in the idea. I don't want to name him but he is one of the Gurus on this website. He encouraged me a lot and asked me to continue working hard, reading a lot of 10Ks and writing research reports. I asked him how I could get a job in the industry, and he said you need to develop some expertise in a sector ideally. He recommended I start a blog, share my research and get feedback from others. I asked him about starting an investment advisory business, and he said you need to take the Series 65 exam, register an LLC, and then you can start your own business.
It's a little over a year since that meeting with him. I have tried to follow his advice as much as I could. I have read a lot of blogs, investment books, research reports. I have read 10Ks and written a bunch of research reports. Importantly, I have also invested my savings into my research because that is where the real learning comes in. I have followed the companies quarter after quarter and tried to see where I was wrong in picking a company.
I took the Series 65 exam last December, registered my company Motiwala Capital LLC, and applied for my Investment Advisor license. A few weeks back, the Texas State of Securities Board approved my registration as an Investment Advisor. I am now open for business!! While I am nowhere close to being a 'Guru' investor, I am certainly learning everyday and applying what I learn. It is a long road ahead.
I wanted to thank everyone who encouraged me in the journey so far.
Here is the research report that started my journey.
GameStop Equity Research Report
Disclaimer: I, and account(s) that I manage, have a long position in shares of GME at the time of writing this article. My position may change at any time. This is not intended to be used as investment advice or a recommendation to buy /sell shares of any securities discussed in this article. Please do your own research or contact your financial advisor.
About the author:Motiwala Capital is a fee-only independent, investment management firm based in Irving, Texas. We invest in public securities primarily listed in the United States. We manage separately managed accounts. You are welcome to read our Letters to clients and also check out our blog.
Adib Motiwala is founder and owner of Motiwala Capital LLC. Adib Motiwala received his MBA from the Univerisity of Texas at Dallas. He also has a Masters degree in Computer Science from Texas A&M University.