Smart Investing Ideas for Accumulating Wealth

Smart Investing Ideas for Accumulating Wealth Investment consultant dealing with Shares,Commodity,Currency,MutualFunds, Bonds,Insurance Services,

24/04/2024
01/12/2023

The golden guidelines for achieving financial independence
1. Health coverage for the family and oneself.

2. Individual term insurance.

3. have emergency cash on hand for unforeseen circumstances.

4. Make early plans for taxes (ELSS, insurance, national pension scheme (NPS), etc.).

5. Set aside at least 10% of your income for investments in stocks, bonds, mutual funds, and FDs.

6. Establish clear objectives for your children's schooling, marriage, retirement, and other requirements.

7. Above all, avoid taking out an unsecured loan (credit card, auto loan, personal loan).

8. If you decide to take out a housing loan, keep in mind that the loan amount cannot exceed 70% of the value of your house (you must spend 30% of the home cost)

why you must follow Stoploss
24/05/2022

why you must follow Stoploss

28/12/2021

How to position & time the Stock Market!

I attended a party recently with a gathering of about 300 people and sat in the front row.

A lady started distributing snacks from the back row and unfortunately, it didn't get to us sitting in the front row😢

Another lady started handing out drinks from the front row. But, by then, I had already moved to the back row, and so the drink didn't get to me😢

I was irritated and stood up to leave.

But, then, I saw three ladies each with a big bowl of vegetable Manchurian dry. This time, I tried to be wise by sitting in the middle row.

One of the ladies started distributing from the front, and the second lady started distributing from the back. When they got to the middle row where I was seated, it got over again!😩

Feeling frustrated, I bent my head, putting my face in my hands😣

But, then,the third lady tapped me & held out her bowl. I stretched out my hand and guess what was in the bowl?
Toothpicks!

Moral: Don’t try to position yourself, and time the markets. If you are disciplined & patient,then good returns will come to you automatically sooner/later.

Otherwise, you will wrongfully position yourself for toothpicks only! 😜

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