[Sairam, it is hard to believe but true that Chairman is back with the bang on his desk, presenting a useful article for those, who wish to take first step towards wealth.]
[ - Vinod Gaur, COO, KRS ]
HOW POOR'S CAN BE WEALTHY IN CAPITAL MARKET?
[ Anirudh M.Dhodapkar]
I strongly believe that most of the middle class people are hand to mouth, because they always keep their hand in mouth and brain in……(you understand, where?), so they are destined to be hand to mouth.
Equity market requires prayer, confidence, study, and quick decision power; these qualities can be developed easily [If you are not in a practice of making thing difficult for yourself] .The biggest factor is ,a seasoned Investor never loose in equity market. How? There are ways, which each one invents with time and enjoys a prosperous life.
There are solid instruments of becoming wealthy; everyday you have a chance to become wealthy through prayers, faith, systematic saving, and investment in right market instruments.
Equity Market is in volatile state and most of trade pundits will tell the beginners to be miles away of market. I tell you this is the best time to enter the Market, on a low day ,when big scrip’s are being bitten by 10 to 15% , your Muhurat for entry is set, just prepare yourself in following manner and than whether you do day trading or weekly trading or become a long term investor ,it’s in your hand and here I tell you how to be all in one with speed and safety.
1] NSC Capital;
If you have not started buying NSC’S or government bonds, start it now, as these are your security capital in so called insecure market. Keep them with your Bank and you will always have ample advance and loan to play in equity market. For short term traders this money is perfect base capital.
2] Small recurring Capital;
One thousand rupees a month in a recurring account for one year creates Rs.12,000/+8% interest, Rs.2000/- is general weekend expenses of young Boys and Girls, if they save half of this money, they can have 48,000/-plus at the end of year. This becomes your base to enter into capital market.
3] Training;
If anyone wish to earn through short term trading, he/she or one of close family members must have complete training, daily capacity of studying market in trading hours and taking quick decisions regarding buying and selling.
4] Practice;
Best way to practice short term trading is choosing 10 Scrip’s and studying them for one month. Understanding low’s- highs, buying and selling positions. You feel yourself a master but infect, we have just entered in play school of great Indian capital market.
[In next installment; How to save yourself from cheats like ICICI and other Brokers and their agents ,who provide you cash credit and make your life hail , we will learn to use market instrument in right manner, by the way these dispatches are for students like me and not for experts .]
[Shri Anirudh M.Dhodapkar is Chairman to Media/ Entrepreneurship/Banking/Film Project-Marketing-Content-Distribution Consultancy firm “KRS MEDIA INTEGRATION”, he writes for 350 Business Portals thrice a week. He is an Educator and Reiki Healer. He has overcome unimaginable circumstances and emerged victorious in 36 years of his life, that is why, he is willing to help everyone with prayers n gratitude, Email; krsresponse@gmail.com]
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1 comment:
Yes, very true.
For those who want to trade in the share market, they require a DMAT account. Obtaining a demat account account requires a PAN card. Once you have a PAN card, obtaining a DMAT account should not take more than 3 days. So you can be prepared for investing on every fall. And yes, if you are a beginner in the stock market, you should start to play with only well-trusted scripts like Reliance, Larsen and Tubro, Tata,etc.
I know that these shares are priced very high but returns are guaranteed. They won't make you suffer a loss. So even if you can afford may be just 10 shares, go for it. Good returns are assured in such scripts.
Don't run behing small shares. I can't say that they are not good but definately success is not that assured as from bigger players!
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