Making Money by Trading
We all know that we want to make money and also consider having additional income; however with our busy schedule we cannot afford to take up a job or start selling something.
The best way to invest and make money online would be to buy shares and obviously it not a cake wake, but with few hours in a day you can make out what's happening out there in the world. Don't be afraid of getting into stocks.
I believe that I have social responsibility of telling people my belief in the process and what I will buy. I will suggest what I will buy and what I will sell on a day to day process. I do the research before I list thinks here on the blog; my intension is to share the information with the world and not to favour any company for their personal gain.
Rakesh Jhunjhunwala is one of the pioneers in Share Trading and we can use his example in the way he has grown.
Rakesh Jhunjhunwala plunged into full-time investing soon after completing his education. He started his career in 1985 when the BSE Sensex was at 150. He made his first big profit of Rs 0.5 million in 1986 when he sold 5,000 shares of Tata Tea at a price of Rs 143 which he had purchased for Rs 43 a share just 3 months prior. Between 1986 and 1989 he earned Rs 20-25 lakhs. His first major successful bet was iron mining company Sesa Goa. He bought 4 lakh shares of Sesa Goa in forward trading, worth Rs 1 crore and sold about 2-2.5 lakh shares at Rs 60-65 and another 1 lakh at Rs 150-175. The price rose to Rs 2200 and he sold some shares.
Jhunjhunwala's portfolio of stocks is tracked religiously. His latest stock portfolio is the subject of many debates and analysis. LikeWarren Buffett, he is a long term investor, however he acknowledges that 'trading' income helped him build his capital base and remains.
There are lot of information about the share market in the internet and people would be referring the, Bloomberg. In - Bloomberg India, The Economic Times Business News, Personal Finance, Financial, CNBC TV18 - Money Control, Money Control.
Trading happens in
NSE the National Stock Exchange is stock exchange located in Mumbai, India.
Bombay Stock Exchange, commonly referred to as the BSE
Trust the process and believe you can also be a successful in share trading.
I know you will not make me responsible for your decision (good or bad) as I clearly stated my belief and the reason for the blog.
I don't know you and I am not your fund manager. I am your friend for reference and guidance.
You feel good by sharing and after reading this you will feel good by trading.
All the best.
Disclaimer: For the attention of the reader, the written content (or) referred link (or) person (or) entity mentioned in this blog do not acknowledge or anyway linked to this blog. I also don't take any responsibility for any issues arise due to reading this blog and acting based on this inputs.
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