Equity-Linked Saving Scheme (ELSS) is a type of mutual fund that is eligible for tax deductions under Section 80C of the Income Tax Act in India. These funds invest primarily in equity shares of companies, and have a lock-in period of 3 years. This means that an investor cannot withdraw their investment before the completionContinue reading “Equity linked savings scheme under section 80c of the income tax act.”
Tag Archives: #investment
Understanding communism and capitalism…
Communism says “FROM EACH ACCORDING TO HIS ABILITY, TO EACH ACCORDING TO HIS NEEDS” where as capitalism believes “FROM EACH ACCORDING TO HIS ABILITY, TO EACH ACCORDING TO HIS CAPITAL”. Capitalism believes MONEY MAKES MONEY. An employee works in a company for a monthly salary and the profit earned by the company will be distributedContinue reading “Understanding communism and capitalism…”
Understanding FNO…
I will answer it in simple words.. NIFTY JUL 9700 CE : Once you see this, you won’t understand at first.but it’s simple. Assume nifty index spot price (current price) is 9500 and you think that price will reach above 9700 before jul expiry(it is the last Thursday of every month). You can buy aboveContinue reading “Understanding FNO…”
MIND GAME
Our minds are attuned to calculate simple interest,however, investments and relationships both work on the principle of compounding. 15% return for 30 years is not 450% but 6500% (65 times).Our mind is designed for linear processing and not exponential processing.
One Up On Wall Street
One of my favorite lines from the first ever book I read on investing (One up on Wall street) “Selling your winners and holding your losers is like cutting the flowers and watering the weeds” -Peter Lynch
Wise words
It’s better to rest than climbing the wrong mountain. Don’t be a victim of FOMO ( fear of missing out ). Never let your emotions overpowered your intelligence. Always be reasonable and practical specially in the world of finance and accounting marketing, economic.
Investing in US Stock Market
Wanna diversify portfolio and add stocks from NASDAQ , S&P 500 , dow jones , NYSE ? Ways to invest in US stock market:- 1. Fund of fund ( FOF )Eg – DSP US flexible equity fund2. Exchange traded fund ( ETF)Eg – Motilal Oswal NASDAQ 100 3. Feeder fundEg – Invesco india feeder InvescoContinue reading “Investing in US Stock Market”
Learning to Trading
5 Trading Rules by Jesse Livermore: 1) Markets are never wrong.2) Never average losses.3) Trade only when there’s a clarity of trend.4) If your position keeps you awake, you are yet to learn position sizing.5) Trade with a stop loss and know it before entering the trade. Old school but the evergreen rule:Book profits periodicallyContinue reading “Learning to Trading”
GAME OF TAXES
In the world of taxes unfortunately the people that pay the highest taxes are employees and self employed people because they don’t have many deductions. They don’t have money deductions they can take to offset their income against the taxes so the people that benefit are buisness owners and investors who pay alot in lessContinue reading “GAME OF TAXES”
BUY RIGHT SIT TIGHT
Infosys fell from 200 rs to 40 rs before going to 1800 rs.ICICI Bank dropped from 260 rs to under 49 rs before going to 750 rs.Ultratech cement went from 1100 rs to 280 rs before going to 8070 rs .THE TRICK ISN’T JUST PICKINGTHE RIGHT INVESTMENT ; IT’SHOLDING THEM
