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Start Investing
Step By Step Guide To Start Investing is written for those people who are interested in making the right financial decisions by seeking correct financial advice. People who wish to to buy the best possible financial products, or make the best investments or follow the best possible plans, should read this book. Step By Step Guide To Start Investing will take it’s readers on the path to make the most favourable investments in any available avenues to ensure maximum profits. Similarly, it provides help to plan out the course of action when making any financial decisions. It guides them to figure out the amount of money that can be invested, keeping in mind their income and liabilities. Most of this is covered in the first chapter of the book, which has a total of fifteen chapters. This book ensures that no matter what one’s income or financial background is, it is possible to make more money through investments. Not only does it share the investment options, but helps readers decide which is best suited for them. Equity shares, Mutual Funds and it’s pros and cons, Life Insurance Policies, government securities. Bonds, debentures and corporate deposits, credit ratings, types of debentures, Post office saving certificates, provident funds and public provident funds, investments in real estate and commodities like gold, oil and steel, E-gold, Forward contracts, currency futures and currency options, Private equity and structured products have all been covered in this book. Infact, Step By Step Guide To Start Investing even discusses investments in art like paintings done by M.F.Husain and Picasso. Essentially, this is a guide to show readers how to make a financial plan, what amount to invest and where and how to select a financial advisor. All of this is broken down into simple and lucid language, making it easy and practical for readers to understand the world of financial investments.
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108 Mantras For Financial Success
Table Of Contents SECTION 1-Procedural 1: Read The fine print before you sign 2: Evaluate your advisor/relationship manager 3: Power of attorney (POA: Give responsibly) 4: Give clear instructions to your advisor/relationship manager 5: Never pay cash to your advisor /agent 6: Avoid dealing with multiple banks and brokers 7: Demand draft/Delivery Instructions…don’t let it slip 8: Be on time…even for payments 9: Statements, contract notes …Trust but verify 10: Safeguard your documents. 11: Suspicious movement? Investigate! 12: Right complaints….write complaints! 13: Password ..your top secret. 14: Keep your profile updated 15: Complete formalities while closing your account 16: Technology is an enabler 17: Be aware of online risk 18: Credit cards: Safeguard Against Fraud SECTION 2-Financial planning 19: In investing, it pays to start early 20: Portfolio manager …Choose with care 21: Make an investment plan 22: Assess your risk appetite 23: Invest with a long time perspective 24: Save For the rainy day 25: Buy value with margin of safety 26: There is no free lunch 27: For major expenses ,plan in advance 28: Borrow but within limits] 29: Money Available …Don’t take credit. 30: Get the macro picture right 31: House wives Beware! 32: Trust only Expert advice, especially if your old 33: Plan, but do not evade taxes 34: Don’t ignore inflation 35: Diversify across asset classes 36: Gold is a hedge against inflation 37: Think twice before getting locked-in 38: Watch your portfolio 39: Rebalance your portfolio to stay on track 40: Let some opportunities pass 41: Do not mistake luck for skill 42: When you lose ,Don’t lose the lesson 43: Unwieldy portfolio is unyielding 44: Bubbles will burst play safe SECTION 3-Equities and Commodities 45: Trade through registered brokers only 46: Trading through a sub-broker ‘Check credentials 47: Good research helps ….good brokerage is not all . 48: Go the Demant way …save tress, Troubles and spaces 49: Avoid off market transactions 50: Invest in business that you understand 51: Study business potential and prospects 52: Avoid Companies with dubious Management 53: Don’t trade with money you can’t afford to lose 54: Trade in future & Options with care 55: Guaranteed returns in equities? It’s a lie! 56: Do not blindly follow FIIs or MFs 57: Suggestions abound..value your opinion too 58: Never trade on insider information 59: Great names are not always good investments 60: Not all IPOs make money 61: Avoid penny and Z category stocks 62: Commodities trading is not for all 63: Diversify equity exposure across sectors 64: Don’t get misled by approvals from government 65: Don’t rely on technical analysis alone 66: Past performance does not predict future performance 67: Sell when market flares up irrationally 68: Don’t marry your stocks..sell when the time comes 69: When it rains, everything gets wet 70: Don’t blindly chase low multiple stocks 71: Beating the markets Is difficult 72: Markets can remain irrational longer than you can remain solvent 73: Stay away from the operator-driven counters 74: Understand risks in day trading 75: Know when to stay out of the markets 76: Do not risk too much in any one trade 77: Short selling is not for small investors 78: Know when you will sell before you buy a stock 79: Adhere to a stop loss while trading 80: Be A bargain hunter among quality Stocks 81: Averaging is not a foolproof way to make money 82: The ‘Bigger fool’ theory may not always work 83: Inactive account ?Freeze it now, use it later SECTION 4-Insurance and Mutual Funds 84: Get a slice of Life insurance 85: Honesty is the best insurance policy 86: Insure adequately :Better to have more than less 87: Insurance :It is not a onetime exercise 88: Younger the better for insurance 89: Medical insurance: Even for the healthy 90: Small premium can mitigate big calamities 91: Cancellation of policies :Don’t let go till you are covered again 92: All mutual funds are not alike 93: Beware of loads and expenses in mutual funds 94: Index funds are your friends 95: Build your portfolio ,SIP By SIP SECTION 5-Real Estate 96: Check Credibility and track record of builder 97: Checkup approvals 98: As you pay so shall you get, Are you sure? 99: Pay for what you want 100: Location, location, location 101: Know your affordability SECTION 6-Loans And Borrowings 102: Repayment history defines your financial character 103: Ignorance is it a bliss, know your loan terms 104: Borrow wisely: Choose the loan most appropriate for you. 105: Loan against gold jewellery, emotions are embedded 106: Home loans: Floating rate can shrink you 107: Lenders’ recovery agents –Know your rights 108: Auto loans: Understand the total cost .