Sep 25, 2009

Simple way to start SHARE Trading

There is always many doubts in the minds of a new comer, that too in share trading it is many fold higher.
Here is one way of starting it.

Prepare a watch list of 5 to 10 companies Shares.
To prepare this 'watch list' watch Business TVs, Talk to your friends who is in trading or your Broker. 
Note down the closing prices of these cos in a excel sheet for 10 days.
This will give you an idea about the price movements in the watch list.
Start buying when it is stabilizing at a price. keep watching.
Fix a target price and book profit when it reaches the price target.
Book profit and enjoy,  this will motivate you to do more trading.
Talk with people, this will help gaining knowledge.
Accumulate the Holdings at every fall.
( we can see how to average in a separate post)
I always believe in holding for a long term, i don't do any Intra day or  Futures / options trading.
This is one of the ways to start Equity Trading.
Careful (watchful) trading will definitely give better returns than any other deposit options.
START TRADING AND MULTIPLY YOUR MONEY.

Sep 18, 2009

Start SIP Today

It is time (for that matter any time is good) to start SIP in Mutual Fund.

Now there is no entry load. you gain that extra 2.25% (approx).

Select your AMC ( Asset Management Company = Mutual Fund company), then select your fund.

(you may avail the services of a financial adviser and never hesitate to pay him a fee)

Longer the term the better.

Remember, you can stop at any point of time, by just giving a letter.

Important, NEVER STOP because the market is at its downward trend.
(you MUST buy at lower levels)

It is one of the best ways to build a corpus.