what about share market still now?
By chandrudu9
@chandrudu9 (2)
India
1 response
@tarachand (3895)
• India
28 Jul 09
I presume that by share market you mean the equity markets that are tracked by indices such as the Bombay Stock Exchange's 'BSE' and the National Stock Exchange's 'Nifty'.
As a qualified financial adviser, I suggest that you keep track of the companies yourself - there are no get quick rich formulas here, research every company thoroughly before investing your money, and keep a medium to long term horizon for wealth creation - I consider 3-7 years as medium term and beyond 7 years as long term.
For starters, you could try investing in some of the thirty companies that make up the BSE Index, or the fifty companies that make up the Nifty Index. Set goals and targets for each investment and once you achieve them, encash and then take a call for further investments. Don't be greedy, and at the same time you must be willing to take a loss.
An alternative would be to invest in the stock markets through mutual funds. Read the fine print of each scheme of the mutual fund as well as understand the cautionary warning that each mutual fund company dispalys.
As far as a job or a business opportunity is concerned, I don't think anybody can
genuinely help you without knowing the skill sets that you have and the qualities you possess.
In any case, all the best!
Please bear in mind
@tarachand (3895)
• India
29 Jul 09
andybag, I am from India, and the poster of the discussion is also from India, and hence my reply.
As I mentioned, I am a qualified financial adviser, I have to pass exams every five years to be able to continue to offer my services and earn money myself too in the bargain.
This is a huge subject and it would be difficult to have a one size fits all kind of strategy for investing, for each person has a different risk profile, has different goals and needs when investing in any financial product.
A part of my training includes assessing the investor from all aspects and then offering solutions. Wealth Creation through investments in various asset classes can be very simple and at the same time a very complex affair.