General Trading Chat

[hames]

IMO, the cost of living goes up by about 15% per year and a level jump every 5 years or so.

Edit : OK, that Rs. 3 per month was 40 years ago when I was in 7th standard

So timepass is 52 now :clapping:

 

[Smart_trade]

i disagree with the thumb rules...i have seen fruits price rising 100% in 6 years...

Ok then you do a SIP of Rs 50,000..pm...the question is howmany young traders can afford 50 K SIP per month...and if they cannot afford is not doing anything the solution ? If not 50,000 start with 10,000 atleast..

ST

 

[hames]

Buy Land if u could keep it safe.. probably the best investment ...if u cant then equity is the way to go..

Yes i definitely agree, for long term equity investment is the way to go.
on real estate if it is for investment, you have an ill-liquid asset, plus you have to pay tax on capital gains tax when you sell, plus regular maintenance charges.

if you compare this with equity, it has tax free over long period, most liquid asset class and no other cost involved.

only thing is you need to select right stocks for investment. ideally in last 10 years, many stocks have given 100 percent returns annually taken cumulatively.

 

[timepass]

Rcom is on a song today.

 

[vivektrader]

Ok then you do a SIP of Rs 50,000..pm...the question is howmany young traders can afford 50 K SIP per month...and if they cannot afford is not doing anything the solution ? If not 50,000 start with 10,000 atleast..

ST

In SIP do they charge yearly fund management charges? I once took one ICICI plan (not SIP) with 3year lock in period. Ist year they deducted 18% from my principle amount then 9% (next year) and then 4.5% in third year.

 

[.epahi]

Go for DIRECT (GROWTH) and OPEN ENDED plans to save unnecessary taxes

 

[Smart_trade]

In SIP do they charge yearly fund management charges? I once took one ICICI plan (not SIP) with 3year lock in period. Ist year they deducted 18% from my principle amount then 9% (next year) and then 4.5% in third year.

The agent sold you a wrong policy because he gets 15 % commission....and you were ignorant....jago...investor ..jago.

Smart_trade

 

[vikas2131]

Yes i definitely agree, for long term equity investment is the way to go.
on real estate if it is for investment, you have an ill-liquid asset, plus you have to pay tax on capital gains tax when you sell, plus regular maintenance charges.

if you compare this with equity, it has tax free over long period, most liquid asset class and no other cost involved.

only thing is you need to select right stocks for investment. ideally in last 10 years, many stocks have given 100 percent returns annually taken cumulatively.

i shared a story here where i mentioned about someone who bought a piece a land for 50k in 2000 and sold it for 26 lakhs in 2014...Just like equites..land comes with its shares of problems... if we could manage it..its all good... diversify the capital ..enjoy the life and while u are at it...plant some trees too

 

[vivektrader]

The agent sold you a wrong policy because he gets 15 % commission....and you were ignorant....jago...investor ..jago.

Smart_trade

Yes I was ignorant, (not that I am any expert now , but that was 13years ago (unfortunately I am not an MBA like you, those days I was in 2nd year of my MS surgery).
That's the reason I keep on troubling you, but you are kind enough to oblige me every time .
Thanks

 

[Smart_trade]

Yes I was ignorant, (not that I am any expert now , but that was 13years ago (unfortunately I am not an MBA like you, those days I was in 2nd year of my MS surgery).
That's the reason I keep on troubling you, but you are kind enough to oblige me every time .
Thanks

The insurance agent performed his surgery on you by selling you a Unit Linked Insurance Plan
I have many doctors in the family they are high earners but worst investors.....you be a high earner and better investor and wealth creator.

Smart_trade