Rakesh jhunjhunwala and ramesh damani are/were excellent traders...
They have confessed had they not earned from trading where would the money come from for investing
So if u have 1 lac and want to get 5 lac tax free...u can invest for 5-7 years in midcap/large cap...but u must keep reviewing company performance, competition, growth potential, etc
Else u may also end up with same 1 lac or less
I still have reliance power ipo shares and I bet many of you might have it too...but just 1 lot of ipo I have...
Trading has its own merits... One should use trading profit in piece meal way for investing during market falls...
They have confessed had they not earned from trading where would the money come from for investing
So if u have 1 lac and want to get 5 lac tax free...u can invest for 5-7 years in midcap/large cap...but u must keep reviewing company performance, competition, growth potential, etc
Else u may also end up with same 1 lac or less
I still have reliance power ipo shares and I bet many of you might have it too...but just 1 lot of ipo I have...
Trading has its own merits... One should use trading profit in piece meal way for investing during market falls...