1)First and foremost be your own critic rather than depending totally on 'EXPERTS". 2)Study your "Company" or "INVESTMENT STRATEGY" like you would any other professional degree or vocational course, remember your money is at stake. 3)If you are "weak Hearted" stay away from "Equities" and invest in "Mutual Funds" where "professional financial managers" allocate your investments in the "Mutual Fund". 4)Diffferentiate between "DAY-TRADING" and "LONG TERM INVETMENT". Both are totally different although they concern "Stock investments". 50"Horse-Racing' is akin to "Day-Trading", in other words it is 50% gambling and 505 investment skills.LUCK plays a major factor in "Day=Trading". Hope i have given my personal advisory on stock investments to novices. Happy investing.
1. Do not rely on the market pundits. Usually they are the ones who failed to secure enough marks in SSC so that they could get into the science stream in plus two (to become an engineer or a doctor). So they end up in commerce and rest is history.
2. People who say the usual things - 'the markets are volatile', 'some stock is rising', 'This mutual fund is good', 'sentiment is positive' etc are unreliable. Cos the do not possess rudimentary acumen to analyze the market. If you give them 10 clues, they will fail to identify their mouth from the other orifice. For proof refer pont 1.
3. People who already made money in the 90s will advise you. They will blare on you with lot of gyaan and wisdom. All of it boils down to chance. Well some of it is statistics. Lies Damned lies and statistics. Heard about that ? Avoiod these guys like virus. Because that was 90s data and utterly invalid in 2000.
4. Avoid media. Because media consists of people who are several rungs below the people mentioned in point number one.
5. Do not masturbate while you read a company newsletter or annual report.
I strongly feel that HR in Organizations, should work up a dal with Investment companies as well as trading companies.. to educate people about such stuff. I mean considering we spend all day in office. Esp BPO cause I feel they make the fastest money and since these oRG's pay a really good amount .. people spend a lot!!!!
But Raina good advise man. interesting. good show.
1) How to make money( job or business.) 2) Keep your expenses down to minimum 3) Save and invest consistently
If you don't want to risk money in equities use mutual funds and FD.
I recently found A little known way to save a small fortune by stop paying high interest rates to banks on home loans etc. The best way to get out and stay out of high interest rates of banks is by using some of the little known NBFC and private institutions which have access to low cost funds and can offer lower rates of 7.5-8%% fixed for entire tenure of the loan !
Re: Recession or not ..
by Guest on Oct 22, 2009 11:21 AM
hey, but u don't get tax benefit for taking loan from NBFC.. i may be wrong.. pls let me know.
Re: Re: Recession or not ..
by Raina on Oct 22, 2009 12:05 PM
Thats the common myth.
Did you know HDFC(not hdfc bank) is a NBFC ? As long it is registered and monitored by RBI and can give home loans you can get tax deductions on basis of annual loan statement.
Besides from next year under new tax code the deductions are no longer applicable.
So those who get loan at low fixed rate will make most savings, besides peace of mind having fixed EMI for entire tenure of the loan.
Re: Recession or not ..
by Raina on Oct 21, 2009 06:45 PM
I changed from my banks interest rate of 11.5% to 7.5% from a Non Banking Finance Corp using one of my contacts. I'll be saving over 14.6 lacs over the next 15 years by changing over to N B F C. I can now save and invest this amount to earn more or repay the loan 35% faster than before. why work longer to make the bank richer at your cost ?
Re: Re: Recession or not ..
by Raina on Oct 21, 2009 06:46 PM
If_interested_in_lower_interest u too_can_contact rohit_(0)_nine_nine_eight_zero_eight_zero_seven_one_six_four
I think bank bazaar is playing safe even in giving free advice! Take some risks at least when you are giving advice. Whatever they wrote across pages in this article have become clich?n the investment related articles.
as usual with all bank-bazaar articles. no useful info. just regurgitation of some well known generalities and getting paid for filling the pages ... i have stopped reading bank-bazaar articles.
Re: as if no one knew this
by Bikranta Raychaudhuri on Oct 21, 2009 04:18 PM
No info, that's fine. But a little elaboration on each aspects would have been useful. Some technicalities is always welcome.
Re: RIGHT TO SAY
by Sava Boy on Oct 21, 2009 03:33 PM
its true..brokers getting benefitted. bt how these brokers firm still exists? they making investors fool for thie benefit for so long years?