where should i contact and this is the right time time to invest ?pls help me There's always a starting point. Fortunately today there are so many resources where you can get started. Consider the suggestions below. I followed this when I started out in 2005!
1. Since you are starting out, first you need to familiarise yourself with the basics. Consider the set of excellent articles at sites such as these below
Great investing basics websites
http://beginnersinvest.about.com/
http://www.investopedia.com/articles/bas...
http://www.kiplinger.com/moneybasics/
2. Next, I would recommend you to first get solid grounding in Investing. 3 must read books. If you haven't heard of these, buy them NOW, today. They will be your invaluable guides to safe & prosperous investing and future wealth creation.
a. Intelligent Investor -Benjamin Graham
Considered the bible of all investors, this will foremost teach you the basics and most importantly, how not to lose money. Thats the first lesson you need, believe me
b. One up on Wall Street -Peter Lynch
This is another classic. Tells you how to spot winners from what you see around you. successful products, companies. Practically shows you how you do not need to be a hot shot financial analyst to be able to spot good moneymaking opportunities in stocks
c. Common stocks Uncommon Profits- Phil Fisher
As you dabble for 1 or 2 years, make some money and also make some small (hopefully) mistakes, you will start itching to catch the multi-baggers, the ones that go up 4x-10x in a couple of years! This book show you how to sift out probable winners
3. Next, you need to understand more on the promising sectors, promising companies, etc. So start reading the Economic Times daily, watch CNBC TV 18 -your stocks with Udyan, UtVi, NDTV Profit. There are also dedicated shows on Sat/Sunday mornings 9.30 am onwards till 11 am or so on CNBC TV18 - that cover investing basics, markets next week-basically trading calls for the week, and other useful shows.
4. You could also join some investing/Trading groups to learn more from other investors. Here by listening on the conversations, you can shorten your learning curve. I dont do Trading so I cant tell you about such groups, but there are good long term investing groups like http://in.groups.yahoo.com/group/lawarre...
You can check out more such yahoogroups at http://in.dir.groups.yahoo.com/dir/Busin...
5. Once you have spent some time in all above, say 3-6 months, you will see that you start forming some ideas of your own. That you are able to comment on or question what someone is saying on TV, the yahoogroup or even what your friends offer as stock ideas. If you are unable to comment /question anything on most of the pronouncements by analysts/others thats a pretty good indicator that you are not ready yet. If you venture out at this stage, you are probably not investing but gambling away hard earned money:-)
So read up, ask questions, see that you are able to interpret/question/comment on what others are saying. Only then take small bets in companies you believe in, which have some track records. Don't go for quick profits, thats a sure recipe for disaster! im not sure who you should contact. you could call a financial planner or a stock broker
but whether it is the right time to invest depends on how long you want to leave your money there for
a lot of people think that the world is going into a bit of a recession at the moment, so if you only want to invest your money for 2 years or 5 years, its probably not a good time
if you want to invest your money for like 15 or 20 years, yeah it probably is. but the value of your shares might go down before it goes up Hi I also just a new introduce to Share markets,and i am having reliance demat account . Acc.to me its not the best time for u to invest in share markets because the market is in falling trend as the whole nation is facing problems like Crude price going up,UPA govt on Nuclear issues, inflation issuec. So u be just a observer of share market ,gain much knowledge about investing and types of investments, and cares to be taken while investing. Watch News channels like CNBC,AAJ TAK,ND TV .
You can go for more details on www.reliancemoney.com.
If u r having any doubts u can ask me questions on my e mail add. vnktshbht@yahoo.co.in i am happy to share with you. Step 1: Do not read Yahoo Answers for stock advice
Step 2: Read 20 books longer than 200 pages written by people with masters degrees in economics, business, and finance
Step 3: Get a broker and let him/her help you.
"Playing the market" when you don't know exactly what you are doing is incredibly risky. You might as well just put your money in an envelope and drop it off on a park bench. hi,
start bank account,
get PAN no.
start Dmat account (with brokers or bank)
start trading account (with brokers or bank)
for brokerage / Dmat services contact:
hdfcsec
icicidirect
indiabulls
sharekhan
kotaksec
motilal oswal
edelweiss
you have to learn :
1.what to buy or sell
2.when to buy or sell
3.why to buy or sell
these things you can learn at http://vbulls.com/ .
also, refer. http://www.moneycontrol.com/ .
be clear about your risk capacity, expectation. don't be too greedy or afraid in stock market.
all the best. First off I would start listening to Financial Sense Broadcast every weekend. http://www.FinancialSense.com
It's free and at the end of the year, if you listen to it every weekend you'll know more that 99% of the people you meet. This "INVESTMENT GUIDE" is more helpful for you to make your money to make money for you,without taking any risk.
To gain more information TO GET KNOWLEDGE ABOUT SHARES,just gothrough the site
http://www.savings4future.com .........
GOOD LUCK You can look at this good tutorial here : See a broker and talk to them about it. I麓ve been investing for more than 20 years and trading for almost 14, and I can tell you that if you want to make BIG and FAST profits, I recommend you trading rather than investing, trading can help you to go from rags to rich.
If you are investing, you must have already achieved some degree of financial success, long term stock investing and FOREX can help you become much richer than you are today.
My experiences as a Nasdaq Market Maker, Head trader of several brokerage firms, and currently as a professional trader and private hedge fund manager, I can suggest you that:
We trade because we want quick, short term profits on a consistent basis. We want to cash flow the market. Milk it like a cow.
Make consistent, small, short term gains rather than trying to hit a home run on every trade. Don't ever forget that.
Don't marry a stock, marry the idea of making money trading stocks. That's the only way to do it.
For me "All stocks are equally worthless鈥?br>
I don't hold on to any illusion that the stock market will continue to go up and provide a nice retirement for me.
I could care less which way the market goes. It's irrelevant to me if the market goes higher, crashes or moves sideways for the next 50 years. I really could care less. Stocks are just four letters with two prices next to them that I use to make a living trading.
Trade ONLY when you have a clear, easy and identifiable advantage, because without a CLEAR EDGE your odds of success are NO better than a flip of a coin鈥?That麓s why so many new traders (and investors) lose money.
Take a look at any daily chart of any index or stock and you'll probably see the most volatility and the biggest opportunity for profit during the first Hour of the stock market's opening.
The popular thinking and conventional wisdom is that you should wait about an hour before you start trading.
But if you do, you'll miss the big, fast moves that stocks make as all the amateurs let their emotions out through their
online accounts, usually right after they read some news headline or hear Maria Bartiromo go off about a stock on CNBC.
It's easy to see why trading the open is the market's prime time for profiting from other online traders.
The market's open is very volatile - that is the perfect environment for LARGE, FAST profits.
Learn to trade as a professional Market Maker ,not as an emotionally driven amateur trader or investor with few thousand dollars in an account at Etrade.
There isn't any other time during the day or any stock you can invest in, that can make you 1, 2, 3, 5, 7 or more points
in minutes OTHER than during the first hour the stock market is open. That's why I love trading the open so much.
I trade only when I have an edge and that means "only the first hour the market is open".
If you are a beginning trader, you can give yourself an unfair advantage in the market trading this way.
I can carry on with the advises about how to make money trading, but if you ask me:
"What is the best thing you can do for me?
I will say:
Give yourself a BIG favor and go to this "Top Secret" site and learn how to get the BEST stocks that will make the largest and fastest day trading profits you麓ve ever seen, all by yourself...
www.onehourtrading.com
After you review this site you won麓t need system, strategy, book, software or mentor to tell you what to do,
you will be able to profit HUGE every day.
Good luck and good trading,
John Fontaine |
