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Showing posts from May, 2016

Introduction to the Stock market and Mutual Funds

Dear Friend, I hope you read and loved my previous 2 posts on this blog. Now, you have basic understanding of Earning and Saving money. As famously said there are two types of people in World, One who know share trading and another are those who don't know which bird share trading is. If you haven't started the share trading yet, don't worry there is always a first time for everyone. I also started Trading 6 years back accidentally. I opened my first Demat account just because my company was giving its employees some shares to mark its 30 years of listing on the stock exchange. That's how my journey started. Now, it’s my turn to pass-on the knowledge to you to make your journey smooth and easy. 1.         Stock market/ Share Trading   : The stock market is a place where stocks and bonds are "traded" – i.e. bought and sold. The primary goal of trading is to buy the stock, hold it for a time, and then sell the stock for more than you paid for it. B

Saving for your goals

Hello Friends, Hope you like my previous post about getting insured. If you are following my advice and shaping your financial world as the way suggested, you would have already made a plan to cover up the necessities of financial planning. Now it’s time to move to goal oriented actual investments. We all need some goals in our life. Goals can be of various type like personal, professional, financial,  etc . But today we will discuss only about the Financial goals and how to achieve it.   First, you need to jot down all your major goals, amount required to achieve goal and the time you have to achieve those goals. Once you are done with the important goals, you can segregate them with respect to time frame you have to achieve the goals. The goals are divided into categories like Short Term Goals, Medium term goals and Long term goals.     Some example of goals can be as below     Sr. no.  Goal description Total Amount in Rs. Time to