'If all you do in life is work really hard, you're never going to get wealthy'

[Rudhran]

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[Rudhran]

lol..

That Delhiwala by drifting the topic, proved that he has no regard for ethics of the Forum.

And this member by marking'lol' proved that he is no way better than him. LOL

While the topic being 'If all you do in life is work really hard, you're never going to get wealthy' where come, kovil, kolam and Bhajan here.?

Typical case of a mindless member's senseless posting and there is another immatured to mark 'lol' for it.

ஒரே குட்டையில் ஊறிய மட்டைகள்

 

[tks]

Some thoughts on this thread


1. We all take risks because we always operate out of limited information (we are not omniscient). Calculated and educated risk taking is smart but it does not guarantee the best outcome always. Not taking a risk knowingly is also a risk

2. Risk taking has nothing to do with following Dharma

3. Being pious or following a cultural tradition does not have anything to do with Dharmic living. You can find an atheist who is dharmic as well as a crook who is steeped in religion (and it can be any religion)

4. Not everyone cares about playing the stock market or want to chase the money all the time

5. Playing stock market or gambling need not make one adharmic (In Mahabharata, Yudhishtra is portrayed as a gambler and yet he is also described as 'son of Dharma'

6. One who follows Dharma is actually smart and strong - Arjuna is portrayed as the one who is steadfast in doing his Dharmic duties throughout the war

7. Just because one follows Dharma does not make them great. A person who follows Dharma for a long-term conflict free existence need not be praised

8. Without clarity of what the word Dharma means it is not possible to follow it

9. Playing stock market for better returns is a risk that not many enjoy. Following Dharma would mean not investing in company that has adharmic practices. For example, the tobacco company 'serves' a population that wants to indulge in smoking. However when they go after children with subliminal advertisement to get young customers for life that is adharmic because it is a product that kills. These companies have rather limited power in USA and therefore they have extended their adharmic activities in other countries to increase their profit year over year. One can invest in stock market and mutual funds that do not include Tobacco stocks for example

10. In the end, following dharma is about an attitude and purpose in life to lead a conflict free existence. If one knows that the diamond industry exploits young children to go into mines and caves they will stay away from buying diamonds. If one knows that carpets are made using slave labor of young children they will not buy such item. If one knows how silk is made by killing billions of silk worm en masse , they will not buy silk because it is possible to live without silk clothing.

Just because someone invests in stock market and loves money does not make that person smart or great. If however, someone needs money for a good cause and are risk averse (staying away from investment) they are not being smart

 

[Rudhran]

Of course, there is no sense in reasoning with those who do not want to be convinced.

These can continue to draw pension and other doles and think of kovil and kolam.

Better join bhajan classes.

Share market is not for them

You better avail all the doles and subsidies offered liberally by AK and still go to Delhi Stock Exchange, sit in front with all your junk share Certificates sincerely pray to God to bless that prices of your junk share don’t fall. Because the myth is Stock Market is a gambling thing and may climb a 'wall of worry'.

But don’t forget Ketan Parekh scam ( Ketan Parekh is a former stock broker from Mumbai, India, who was convicted in 2008, for involvement in the Indian stock market manipulation scam in late 1999-2001. Currently he has been debarred from trading in the Indian stock exchanges till 2017.

And don’t worry about Bankruptcy of Lehman Brothers

But don’t go to kovil, kolam and Bhajan which are all not places of win and loses.

BTW ask your NRI friend to pray for you that by reading such postings, all your confidence on stock market don’t tear to pieces and all your investments don’t go off in the thin air. lol

 

[prasad1]

9. Playing stock market for better returns is a risk that not many enjoy. Following Dharma would mean not investing in company that has adharmic practices. For example, the tobacco company 'serves' a population that wants to indulge in smoking. However when they go after children with subliminal advertisement to get young customers for life that is adharmic because it is a product that kills. These companies have rather limited power in USA and therefore they have extended their adharmic activities in other countries to increase their profit year over year. One can invest in stock market and mutual funds that do not include Tobacco stocks for example

.


I try not to invest in Tobacco, alcohol, Meat, gambling, sex trade.
But the bank I put my money funds industries involved in the same trade. So indirectly we are investing in the same trade.

 

[prasad1]

Over the years, I've come across a lot of people who have never invested. For many people, it's due to lack of knowledge or a feeling of intimidation, and those are usually things they learn to overcome. But I've also heard some rather silly reasons for choosing not to get started, and many of them have made me cringe.
Here are some actual reasons people have cited for choosing not to invest their money.
[h=2]1. "I Have Very Little Money to Invest"[/h]If you are truly living below the poverty line or have large quantities of debt, investing may not be for you right now. But it's easy to get started investing even with just a few bucks. Most discount brokerages will let you trade for less than $10, and you can purchase even just a single share of a mutual fund or company. In most cases, there are no account minimums.
If you have a 401(k) plan from your employer, consider contributing just 1% of your gross income. Over time, look to increase that to take advantage of your full company match, if one is offered.
It's also important to take a hard look at your finances and spending. You may think you have no cash to invest, but chances are you can find some just by making a few lifestyle changes.
[h=2]2. "I Don't Want to Lose Money"[/h]This is not to suggest that no one has ever lost money in the stock market. Of course, it's possible to lose a lot of money in a short amount of time. But over the long term you will almost always recoup any losses and go on experience significant gains. The average return of the S&P 500 since the early 20th Century is more than 9%. If you are patient, you'll be fine.
[h=2]3. "I Don't Plan to Stay With This Company for Very Long"[/h]I had a co-worker at an old job who refused to sign up for the company's 401(k) plan because he didn't feel like he'd be working at the company for a long time. This is extremely flawed thinking, because it fails to acknowledge the major advantage of 401(k) plans, which is that you get to take your money with you even if you leave. These plans are unlike pension plans, which do require you to stay with the company a certain number of years.
By failing to contribute to a company retirement plan, you may be giving up a company match, which is free money.
Now, it's important to note that many companies have vesting requirements, which means you may have to give the company's contributions back if you leave prior to a certain amount of time. But even then, employers are required to be 100% vested within six years.
[h=2]4. "I'm Self-Employed and Don't Have Access to a Company Retirement Plan"[/h]If you work for yourself, or if your employer doesn't offer a retirement plan, there are other ways to invest and still get tax breaks and other benefits through an Individual Retirement Account (IRA.) A Roth IRA allows anyone with earned income to contribute up to $5,500 per year, and the money can be withdrawn tax free when they retire. A traditional IRA works in reverse; you pay taxes when you withdraw the money, but the contributions are deducted from your taxable income. In addition, there are other, tax-advantaged retirement options for the self-employed (SEPs and SIMPLEs), which, while more complicated than vanilla IRAs, can be set up by a financial planner pretty easily.
Even after you contribute the maximum into these accounts, it's easy to open a brokerage account and invest in almost anything you want. Start by putting money into a low-cost Index Fund or the stock of a big company you are familiar with. Eventually you'll realize that even if you don't have a pension or 401(k), you can set yourself up for a great retirement or boost your overall income.

​

[h=2]5. "I'd Rather Use the Money to Buy… Stuff"[/h]If you have some extra money, you're almost always best off investing it rather than spending it on stuff. Investments usually increase in value. Physical items you buy rarely do. Of course, I am not suggesting people should deprive themselves of all material possessions. (And yes, there are some things like real estate that can increase in value and can be viewed as investments.)
But in general, when on the fence between investing and purchasing something, you'll be better off in the long run if you invest. In fact, some of the most successful investors are people who earned relatively modest incomes but also lived below their means and were therefore able to invest.
[h=2]6. "I'm Young. I'll Worry About It Later"[/h]Every day you postpone investing will cost you money. The earlier you start, the better off you'll be, due to the value of compounding returns. Consider a person who is age 40 and begins investing with $10,000, adding $100 per month. Assuming an annual return of 9%, they will have about $163,000 at age 63. A person who makes the same investments but starts at age 30 will end up with $406,000. That's almost triple the money just from starting 10 years earlier.
[h=2]7. "I Earn a Ton of Money Now. No Need to Think About It"[/h]How stable is your job? How comfortable are you that you can support your lifestyle if your income takes a nose dive?
If you currently have a high income, investing aggressively can help keep your family secure even if things go bad. Stocks and other investments that aren't in retirement accounts can be sold in the event of a financial emergency. Look for dividend-yielding stocks that can offer additional income that won't go away if you're laid off. The point is: Never assume you've got it made.
[h=2]8. "My Folks Are Rich. I Don't Need to Worry About It"[/h]If you have relatives that are well-off and you're expecting an inheritance, then you are fortunate. But there are few guarantees in life. Stories abound of people who believed their parents were wealthy, only to find out they were actually neck-deep in debt. And we've all heard stories of children unexpectedly cut out of the parents' will for one reason or another. Furthermore, estate taxes and legal fees can eat up more of an inheritance than many people bargain for, and you'd be surprised how quickly the circumstances of life can deplete a nest egg. Take control of your own finances by investing as if no one has promised you anything.
[h=2]9. "I'd Rather Give My Money Away"[/h]Guess what? Even if you are that awesome type of person who would rather give away every penny they own than become rich, investing is for you. Charities absolutely love getting stocks and other investments as donations, because they often will increase in value, further helping them carry out their missions. In short, your giving power is usually higher when you donate investments instead of simply cash. (Your donation is usually tax deductible, too.) Many discount brokerage firms such as Fidelity will help you set up a special account for giving.

http://www.wisebread.com/9-silly-reasons-people-dont-invest-but-should

 

[tks]

.


I try not to invest in Tobacco, alcohol, Meat, gambling, sex trade.
But the bank I put my money funds industries involved in the same trade. So indirectly we are investing in the same trade.

It is hard to control how money gets invested all the way. At the first level only we can be sure it is not invested in certain companies.

Personally, I have no interest in investing and hence let professionals manage it all for a fee.

 

[krish44]

Some thoughts on this thread


1. We all take risks because we always operate out of limited information (we are not omniscient). Calculated and educated risk taking is smart but it does not guarantee the best outcome always. Not taking a risk knowingly is also a risk

2. Risk taking has nothing to do with following Dharma

3. Being pious or following a cultural tradition does not have anything to do with Dharmic living. You can find an atheist who is dharmic as well as a crook who is steeped in religion (and it can be any religion)

4. Not everyone cares about playing the stock market or want to chase the money all the time

5. Playing stock market or gambling need not make one adharmic (In Mahabharata, Yudhishtra is portrayed as a gambler and yet he is also described as 'son of Dharma'

6. One who follows Dharma is actually smart and strong - Arjuna is portrayed as the one who is steadfast in doing his Dharmic duties throughout the war

7. Just because one follows Dharma does not make them great. A person who follows Dharma for a long-term conflict free existence need not be praised

8. Without clarity of what the word Dharma means it is not possible to follow it

9. Playing stock market for better returns is a risk that not many enjoy. Following Dharma would mean not investing in company that has adharmic practices. For example, the tobacco company 'serves' a population that wants to indulge in smoking. However when they go after children with subliminal advertisement to get young customers for life that is adharmic because it is a product that kills. These companies have rather limited power in USA and therefore they have extended their adharmic activities in other countries to increase their profit year over year. One can invest in stock market and mutual funds that do not include Tobacco stocks for example

10. In the end, following dharma is about an attitude and purpose in life to lead a conflict free existence. If one knows that the diamond industry exploits young children to go into mines and caves they will stay away from buying diamonds. If one knows that carpets are made using slave labor of young children they will not buy such item. If one knows how silk is made by killing billions of silk worm en masse , they will not buy silk because it is possible to live without silk clothing.

Just because someone invests in stock market and loves money does not make that person smart or great. If however, someone needs money for a good cause and are risk averse (staying away from investment) they are not being smart

Thumbsup.
Very well reasoned and objective post.

Thanks

 

[krish44]

Over the years, I've come across a lot of people who have never invested. For many people, it's due to lack of knowledge or a feeling of intimidation, and those are usually things they learn to overcome. But I've also heard some rather silly reasons for choosing not to get started, and many of them have made me cringe.
Here are some actual reasons people have cited for choosing not to invest their money.
1. "I Have Very Little Money to Invest"

If you are truly living below the poverty line or have large quantities of debt, investing may not be for you right now. But it's easy to get started investing even with just a few bucks. Most discount brokerages will let you trade for less than $10, and you can purchase even just a single share of a mutual fund or company. In most cases, there are no account minimums.
If you have a 401(k) plan from your employer, consider contributing just 1% of your gross income. Over time, look to increase that to take advantage of your full company match, if one is offered.
It's also important to take a hard look at your finances and spending. You may think you have no cash to invest, but chances are you can find some just by making a few lifestyle changes.
2. "I Don't Want to Lose Money"

This is not to suggest that no one has ever lost money in the stock market. Of course, it's possible to lose a lot of money in a short amount of time. But over the long term you will almost always recoup any losses and go on experience significant gains. The average return of the S&P 500 since the early 20th Century is more than 9%. If you are patient, you'll be fine.
3. "I Don't Plan to Stay With This Company for Very Long"

I had a co-worker at an old job who refused to sign up for the company's 401(k) plan because he didn't feel like he'd be working at the company for a long time. This is extremely flawed thinking, because it fails to acknowledge the major advantage of 401(k) plans, which is that you get to take your money with you even if you leave. These plans are unlike pension plans, which do require you to stay with the company a certain number of years.
By failing to contribute to a company retirement plan, you may be giving up a company match, which is free money.
Now, it's important to note that many companies have vesting requirements, which means you may have to give the company's contributions back if you leave prior to a certain amount of time. But even then, employers are required to be 100% vested within six years.
4. "I'm Self-Employed and Don't Have Access to a Company Retirement Plan"

If you work for yourself, or if your employer doesn't offer a retirement plan, there are other ways to invest and still get tax breaks and other benefits through an Individual Retirement Account (IRA.) A Roth IRA allows anyone with earned income to contribute up to $5,500 per year, and the money can be withdrawn tax free when they retire. A traditional IRA works in reverse; you pay taxes when you withdraw the money, but the contributions are deducted from your taxable income. In addition, there are other, tax-advantaged retirement options for the self-employed (SEPs and SIMPLEs), which, while more complicated than vanilla IRAs, can be set up by a financial planner pretty easily.
Even after you contribute the maximum into these accounts, it's easy to open a brokerage account and invest in almost anything you want. Start by putting money into a low-cost Index Fund or the stock of a big company you are familiar with. Eventually you'll realize that even if you don't have a pension or 401(k), you can set yourself up for a great retirement or boost your overall income.
5. "I'd Rather Use the Money to Buy… Stuff"

If you have some extra money, you're almost always best off investing it rather than spending it on stuff. Investments usually increase in value. Physical items you buy rarely do. Of course, I am not suggesting people should deprive themselves of all material possessions. (And yes, there are some things like real estate that can increase in value and can be viewed as investments.)
But in general, when on the fence between investing and purchasing something, you'll be better off in the long run if you invest. In fact, some of the most successful investors are people who earned relatively modest incomes but also lived below their means and were therefore able to invest.
6. "I'm Young. I'll Worry About It Later"

Every day you postpone investing will cost you money. The earlier you start, the better off you'll be, due to the value of compounding returns. Consider a person who is age 40 and begins investing with $10,000, adding $100 per month. Assuming an annual return of 9%, they will have about $163,000 at age 63. A person who makes the same investments but starts at age 30 will end up with $406,000. That's almost triple the money just from starting 10 years earlier.
7. "I Earn a Ton of Money Now. No Need to Think About It"

How stable is your job? How comfortable are you that you can support your lifestyle if your income takes a nose dive?
If you currently have a high income, investing aggressively can help keep your family secure even if things go bad. Stocks and other investments that aren't in retirement accounts can be sold in the event of a financial emergency. Look for dividend-yielding stocks that can offer additional income that won't go away if you're laid off. The point is: Never assume you've got it made.
8. "My Folks Are Rich. I Don't Need to Worry About It"

If you have relatives that are well-off and you're expecting an inheritance, then you are fortunate. But there are few guarantees in life. Stories abound of people who believed their parents were wealthy, only to find out they were actually neck-deep in debt. And we've all heard stories of children unexpectedly cut out of the parents' will for one reason or another. Furthermore, estate taxes and legal fees can eat up more of an inheritance than many people bargain for, and you'd be surprised how quickly the circumstances of life can deplete a nest egg. Take control of your own finances by investing as if no one has promised you anything.
9. "I'd Rather Give My Money Away"

Guess what? Even if you are that awesome type of person who would rather give away every penny they own than become rich, investing is for you. Charities absolutely love getting stocks and other investments as donations, because they often will increase in value, further helping them carry out their missions. In short, your giving power is usually higher when you donate investments instead of simply cash. (Your donation is usually tax deductible, too.) Many discount brokerage firms such as Fidelity will help you set up a special account for giving.

http://www.wisebread.com/9-silly-reasons-people-dont-invest-but-should

Very interesting post.

Thanks prasadji.

My interest was initially not to make money in share market.

It was just to fight boredom with idle time in a govt set up.

Someone a colleague advised me that if I have nothing to do , then apply to Fera dilution shares in open market. Mrs IG had forced MNCs to reduce their holding and

make public offering.

I started owning shares.

No great thinking went into it.

Nor logic or dharma.

After retirement with more time hanging I renewed my interest to play further.

Now talks of dharma or thinking too deeply does not apppeal to me.

My only approach is if you have nothing to do , then make money.

What is to be done with it decide later.

Much of it I use for exotic holidays to all parts of the world

 

[Rudhran]

We have few here who are dear to horoscopes and match making. Such members may take the bundle of horoscopes, go to a matrimonial site and try to match the mismatching ones by fabricating them to suit each other…..

Also they can go for an aggressive brainwashing of boys and girls to opt for IC/IR marriages instead of coming here to talk on Stock market.

Read somewhere that "What's obvious is obviously wrong." This means that knowing a little bit will only have you following the crowd like a lemming.

6 Reasons Why I Don't Invest In The U.S. Stock Market

Auren Hoffman is founder and CEO of Rapleaf and venture partner at Founders Fund. You can follow him on his blog (Summation), on Twitter (@auren), and Facebook (aurenh).

It has been conventional wisdom for the last 50 years that if you are a long-term investor, your best return will be in stocks. Almost every financial advisor will tell a 30-year-old to put upwards of 90% of their portfolio in equities.

Most people above median wealth have a substantial allocation of their liquid portfolio in the stock market. Some people pick individual issues (Apple, GE, Wal-Mart, etc.) and some invest in managed mutual funds (Fidelity, say), while others invest in index funds (the Vanguard S&P 500 fund, for instance).

Stocks are less than 10% of my portfolio. This is a long article (read time is going to be at least 12 minutes) but I implore you to read it in full.

“Never invest in a business you cannot understand.” - Warren Buffett

That’s great advice from the Sage of Omaha. But we should take it a step further:

Never invest in a security you do not understand.

So the question is: do you actually understand the stock market?

Prices of stocks seem to be a mystery to even the most experienced investor. There are often market swings of over 1% per day.

Supply and demand

Most investors argue that fundamentals (like expected earnings) drive price. That doesn’t seem to be a complete explanation as we have had a market which has basically remained flat since the late 1990s.

The best explanation, beyond “fundamentals,” for long-term market movements: supply and demand. In this case, “supply” is the amount of total stock for sale and “demand” is the total dollars looking to buy those securities.

The key factor here is the demand. While supply (investible stocks) does change, its change is very small relative to the demand (amount of money looking to invest in the market). So as more money goes into the market, the market goes up. If money is coming out of the market, then the market goes down. It is basically that simple.
....................
....................

But I want to make out-sized returns!

The best way to get massive returns is to invest in yourself. Start a business, join a fast-growing company, or become the newest singing sensation. If you believe in yourself and your talents, focus on things you can control rather than things, like the stock market, that you can’t.

Read more at: https://www.forbes.com/sites/ericsa...-invest-in-the-u-s-stock-market/#1a4aa2cf4210

 

[Rudhran]

Source: Google images

 

[Rudhran]

Some seems to have misconceived that dealing with stocks and shares requires smartness...but experts have this to say...

Source: Google images

 

[Rudhran]

Source: Google images

 

[krish44]

It hardly matters what one thinks of oneself or what others think of him.

Basically one should accept himself as one is and self acceptance is best.

What matters is irrespective of IQ level or smartness , whether you have made money by investing.

If yes , you are successful.

Morality and other issues do not enter into this game.

As long as one follows the rules laid down by law of the land for investing like paying security transaction tax and pay taxes on money earned such as capital gains it is fine.

IMHO parking about 30% of liquid assets in shares is wise.

It will compensate for the low interest on savings based on fixed deposits.

If someone collects 20% average returns from shares , then he is a good investor.

Others instead of directly investing can follow the Mutual Fund route.

But one would miss the excitement of direct buying and selling

 

[Rudhran]

It hardly matters what one thinks of oneself or what others think of him.

Basically one should accept himself as one is and self acceptance is best.

What matters is irrespective of IQ level or smartness , whether you have made money by investing.

If yes , you are successful.

Morality and other issues do not enter into this game.

As long as one follows the rules laid down by law of the land for investing like paying security transaction tax and pay taxes on money earned such as capital gains it is fine.

IMHO parking about 30% of liquid assets in shares is wise.

It will compensate for the low interest on savings based on fixed deposits.

If someone collects 20% average returns from shares , then he is a good investor.

Others instead of directly investing can follow the Mutual Fund route.

But one would miss the excitement of direct buying and selling

In that case one should mind his own business

Not come here to say that go to kovil, kolam and bhajan, etc as though such deals not their cup of tea.

All hyperbole on stock and shares were put forth...

If you are interested do it

What is the purpose of ranting in this Forum against the members with diferent opinion.

Are you an agent for marketing Stock and shares...??

There may be few who have got their fingers burnt

There may be few who have tasted the pain of losing their hard earned money

There may be few who righty believe that speculation is injurious to health and pocket..

There are people with enough wisdom, capable of using their discretion and decide things knowing well as to what is best for them and what will suit them in the interest of leading a peaceful and happy life.

There are partially informed investors and one needs to be very cautious with them

 

[sravna]

Money making is one where i have expended and I expend the minimum efforts and minimum intelligence and acquiring self control is where I spend the most efforts and intelligence. I know I never need to spend so much efforts or intelligence in the former to become extremely wealthy.

 

[krish44]

Making money in the stock market calls for some intelligence and lot of self control.

Becoming wealthy is only a byproduct.

You will develop more spirituality in the process .

So try it some time.

 

[renuka]

Making money in the stock market calls for some intelligence and lot of self control.

Becoming wealthy is only a byproduct.

You will develop more spirituality in the process .

So try it some time.

LOL..

I can hear Sukha Dukhe Same Ktrva Labhaalabhau Jayaajayou

Yes..one has to be equiposed in happiness.
Sorrow...gain..loss..victory and defeat.
O
LOL again...you are right..it does make one more spiritual.

 

[Rudhran]

Making money in the stock market calls for some intelligence and lot of self control.
.

LOL

It is nothing but misconception.

In fact, I have heard people saying that making money inthe stock market is all about luck mere luck, which may be truth.

Money making in Share market does not require any intelligence at all. And if at all any study, research, required there are several ways to make best use of such intelligence.

What that goes up necessarily will have to come down which is nature's law and applies to Stock market also.

There are people who wear blinkers only see the prices of stocks going up... they conveniently over look the other side.

And realize the truth belatedly

கண் கெட்டபிறகு சூரிய நமஸ்காரம்

Once got fingers burnt, one can see them doing pradakshnam of Navagrahams..... attracted to spirituality cursing Lord Sani and Sukran, Guru, etc etc LOL

 

[Rudhran]

Krish Ji

Here I have a surprise for you… may be surprise even to other members who visit this thread.

And anyone interested to know the ugly face of the Indian Stock Market are free to visit this thread….

The thread opener was none else than our own Krish Ji who was vehemently defending advantages about Stock and Shares so far...

He has in his own style admitted and narrated the ugly side of Stocks and shares in this thread.

He himself has admitted at one point that it may be wise to take out the gains which come on account of sudden rise and transfer it to post office savings bank or PPF.

So, as per him the wise I repeat the wise thing is to invest in Post Office Savings Bank or PPF and this was what my stand too from the very beginning.


Now what does this mean…..?

Is he prone to change his stand….?

or is he not serious about any topic….??

Ultimately, readers of this thread are taken for a ride it seems. lol

Here is the link:

https://www.tamilbrahmins.com/showthread.php?t=30751&highlight=Bulls+and+bears

Can one define this as a ............. I leave it to you

He is going to come and cover this as sudden impulsion, etc etc

I await for his reaction.

May such tribe increase, lol

 

[krish44]

I will tell one strategy of money management thru a mix of savings and investment options.

Buy when shares are down and hold until bulls go on rampage pushing the shares to higher level .

When it makes 20% plus , jump off and sell.

Partly recycle it back into secure PPF and collect IT reduction of at least 20% also on 80c and collecting 9% interest also ie further 29% on the same money.

In april take the same money out of PPF account again as permanent withdrawl [possible after deposits are older than five years]and go to share market again.

This is repeated and compounded will make you very rich.

Think about it sometime.

It requires brains to multiply money.

 

[krish44]

Ok some more money management mantra.

The financial profile has to have a heirarchy of options of increased returns . As we increase returns risks go up.

So one goes about pushing money up this route of increased returns and bring it back to lower return and highest safety option completing the cycle

 

[Rudhran]

I will tell one strategy of money management thru a mix of savings and investment options.

Buy when shares are down and hold until bulls go on rampage pushing the shares to higher level .

When it makes 20% plus , jump off and sell.

Partly recycle it back into secure PPF and collect IT reduction of at least 20% also on 80c and collecting 9% interest also ie further 29% on the same money.

In april take the same money out of PPF account again as permanent withdrawl [possible after deposits are older than five years]and go to share market again.

This is repeated and compounded will make you very rich.

Think about it sometime.

It requires brains to multiply money.

There you go again...

It does't require brain at all

I have work to move on...

Shall reply to you later..

Meanwhile think about this quote which I like “Stock market is never obvious….. It is designed to fool most of the people…most of the time. - Jesse Livermore.”

Source: Google images.

I don't want to see the UGLY FACE OF THE INDIAN STOCK MARKET. LOL

 

[prasad1]

One can have all traits, and may also be lucky.
To be smart you have to know by research or listen to some smart people.
Luck may not be there all the time.

 

[Rudhran]

One can have all traits, and may also be lucky.
To be smart you have to know by research or listen to some smart people.
Luck may not be there all the time.

SMART...?

Who is smart....?

Everyone think and come here to show off that they are smart.

Of course there are people who make best use of other investment options which guarantees minimum risk and assures maximum returns.

And now who is smart.

Who knows the fate/ destiny of the junk of share certificates owned by these so called smart investors.

Who knows the actual background of them ?

Those who brag like Anil Ambani here, may be actually persons living for hand to mouth.

I don't believe people who go for bragging all the time.

Please go through posting No.81 which is nothing but todays news

Those investors also would have thought that they are SMART while investing.. but what happened... in the result they reported to have lost their hard earned money.

One can only pity them with empathy...their pain and sorrow

I think SMARTNESS lies in earning more and definitely not in losing.

I have enough knowledge about both in Stock and shares and in Real Estate fields

While the former is dangerous and later proved worth the trouble and flourishing.

I have my own judgement backed by in depth knowledge

And as such, I don't want to be misguided by ill-judged opinions.

I am guided by my own thoughts to fulfill my dreams and to reach my desired goal/destiny.

I can very well sense the pain and sorrow undergone by such smart people who are after money.

I have my own profound ideas, practices and tools for true wealth, enduring happiness and ever lasting peace.

Source: Google images

How is this......? lol