One of the things a trader looks forward to is stability of long term returns, or better still something to calm his or her nerves down to look at in times of distress.
Savings can be as little as 50 to rs 500 rs a day. I would like to therefore invest in some wealth compounders for a medium to long term basis.
I sought permission from
@Smart_trade to post some of his
suggestions on my thread here. He suggests some of the following:
- Bajaj Finance,
- HDFC Bank,
- HDFC,
- Axis Bank,
- ICICI bank,
- RBL Bank,SBI ,
- TCS,
- Asian Paints,
- Kotak Mahindra Bank,
- Biocon
It is surely heavy on the finance side of affairs, but heck if it gives me some 15% per year for the next 3 years, I couldn't ask for more at all. This means that one would effectively have a close to effective rate of around 50% atleast with very little stress
So for the love of your parents, your children and immediate family plesae do start investing in a few blue chips for a rainy day.
With a medical condition staring at me and with little to no savings but only liabilities at this point, I have learnt my lesson hard. I was preparing for this for a long time but in my quest for learning a lot more about the stock exchanges and trading and investments, I had conveniently ignored all of this stuff earlier!
I know I haven't done that ever properly so far. I was far too focused on the short term benefits and discounted looking at the bigger, longer term picture but now at my age in mid-30s, I am starting to open up to the wisdom
I hope you as readers of the thread would concur as well! Do comment as to what you have to say. Your views will be most important here!