Dear All,
Just came through this great forum yesterday - glad to see lots of good and knowledgeable people in this forum..
I am a student of mba(finance) first year.....as most of good students would.. we too are having bit of financial challage in my family and i need your help....i was wondering if it was possible if i learn stock investing/trading i could earn my expenses to fund my education atleast..we have about 3-4 lacs reserves from my dad's VRS and we are three siblings depends on this fund....we have no other source of income at the moment...could you please help me to get started on how to invest/trade in stocks?
Or would you advice to keep away from it? I can invest for about 8-15 months span for about 30% plus returns....
Thanks tons and tons for your help/advice...
- Nisha H Sharma
Well I am not experienced as others but some things can be replied with comman sense too ...
Investing in stock maket is not bad at all but investing of amount on which some one is dependent is a crime out here.
so its better that u took only 10 k out of these 4-5 lac to trade in stock market not whole amount.
Profits can be earned from any market situation by trading sensible if u make a trade after proper analysis , very first golden rule stay away from TIPS or TRADING WITH SOME OTHER MIND
Your positions must pe properly hedged , so even in case of any crash u don't loose much , never be hurry in trade . first spend ur time in learning for one one month , then in paper trading or trading games like money bhai for next month
And after all this if u think u can earn some , withdraw 10k from ur dad's vrs amount and start trading.
Many people will say stay away from markets at this time , markets are bad aat this moment , volatile, bearish . But if markets recover say after one year and u ask again should i invest now, that same guy will say YOU ARE LATE YOU SHOULD HAVE INVESTED THAT TIME
Ritu