is anybody to guide about online trading? or how far to go for bank's advise...
2007-02-17 20:46:03 · 13 answers · asked by bebu 3 in Business & Finance ➔ Investing
Dont get into anything depending on any Advices from anyone when it comes to Investing.. First I prefer you Mutual Funds initially.. Equity Diversified or Balanced Funds.. For short term go can go for Money Market Funds.. ( Open Ended )
Come into stocks after atleast you know something..
Make sure that you can handle your own stocks and can analyse fundamentally and technically a stock.. Thats the right point to enter with a minimal capital on minimal risk stocks..
Dont be Panic and Dont be too greedy.. these could sore your total profits and even your total investment...
2007-02-18 19:28:15 · answer #1 · answered by Jin 4 · 1⤊ 0⤋
I would suggest an SIP plan with mutual funds. On line trading is a lure to disaster. I would certainly advise you to keep away from brokers recommendation !
The best place to research Indian mutual funds with an unbiased view is http://www.valueresearchonline.com Other options is to read about mutual funds at http://www.easymf.com.
Regarding deposits and withdrawal to a MF. You can enroll in any plan with a minimum initial investment amount using a cheque. Other option is to enroll for a SIP plan and have ECS clearance. This way, your deposits from MF are directly credited into your bank account. Similarly your investments into a MF are directly taken out of your bank account.
Some of the funds that I have seen being invested as a Systematic Investment Plan are:
Franklin Flexicap - Dividend (reinvested)
HDFC Equity - Dividend (reinvested)
HSBC Equity - Dividend (reinvested)
Reliance Vision - Dividend (reinvested)
SBI Magnum Contrafund - Dividend (reinvested)
Templeton India Growth - Dividend (reinvested)
The best Income fund is
JM Arbitrage Advantage Fund - Growth
You could find detailed plan as to how to invest regularly in these funds and make a crore rupees out of a monthly investment of Rs 5000 at http://in.groups.yahoo.com/group/MAKING_A_CRORE_RUPEES/
2007-02-18 06:01:34 · answer #2 · answered by justinageneralway 3 · 0⤊ 0⤋
If you are new, do not try to do brain surgery. First learn, then start crawling, and then you can run.
Right now, if you have funds, park it in a mutual fund starting with Rs 2500, start putting $1000 per month in a SIP program of the same fund, and then start reading 100 pages a day on the stock market.
You are so far from where you need to be, that this advice will save you a min of Rs 1L over the next 6 months, assuming you were going to invest Rs 5L total in the next 6 months. Saving 20% of your capital is a BIG RETURN I am giving you.
It is for the thousands of people that are in your category, do not have motivation like you do to ask questions, and will not have the resources (time, computer, knowledge, skills, guidance and again motivation) that I am GOING TO OPEN MY MONEY MANAGEMENT BUSINESS. I am going to open it for min of Rs 5L investment amounts with investments in good quality stocks with fundamental and technical analysis, ETFs, and Mutual Funds.
GL
KKP
2007-02-18 11:45:40 · answer #3 · answered by KKP_Investor 3 · 0⤊ 1⤋
If you are talking about investment, as you are a beginner, take it slowly and safely and start with mutual funds. When you are feeling more confident and knowledgeable, go for the best company shares (called blue chips) and after that you can go for smaller companies. Aim eventually to build a diversified portfolio, in size of co., industry and geography.
If you are talking about gambling, do what some fools recommend here. One or two of them will be lucky and succeed, but the vast majority will die poor. Your first priority should be not to lose your hard earned money. Good luck
2007-02-18 03:29:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Go slow. Most security firms will allow you to trade on line after you have established an account. Mutual funds, for a non-professional, have the advantage of diversifying your investment while purchasing just one fund. Go slow and read and learn.
2007-02-17 20:55:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Don't listen to a the Forex guy. He's a walking commercial. Mutual funds is the safest. You are really investing in a lot of stox. so you are automatically diversified. There are drawbacks. SOme of your profit goes to the guy handling the fund. You need to research the company managing the fund as well. Stocks are riskier, but the profit can be higher. DO your research, but realize it still a gamble. Hopefully the odds are in your side.
2007-02-17 20:59:22 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Mutual Fund is a collection of investment capital from individual investors that is managed by a professional Fund manager or fund house. The capital is invested in various investment instruments, and the profit earned is divided and given to the investors in the form of dividends
2016-05-24 01:18:42 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Check out VanGuard's website. They're pretty good. (Mainly because they have pretty low administrative fees.) You can pick different mutual funds depending on what you're into.
The easiest way to trade stocks, mutual funds, or whatever is to find a good online brokerage. You can go with an actual broker to give you advice if you feel unsure starting out, but I prefer educating myself because middlemen just take a cut of your cash.
2007-02-17 22:12:26 · answer #8 · answered by na n 3 · 0⤊ 0⤋
Obtain PAN
Open saving account in any bank.
Go for mutual funds.
Open demat account
Invest in IPO.
On line trading is in last.
You can always go for bank's advise
2007-02-18 00:05:11 · answer #9 · answered by Anonymous · 0⤊ 0⤋
mutual funds are subject to markets risk,so read offer documents carefully before investing,contact an investment adviser for good returns.
2007-02-17 20:55:19 · answer #10 · answered by ganesh n 5 · 0⤊ 0⤋