Monthly Archives: October 2008

Financial Goal – 7th Week

Oh God.. What a week it was! Investors lost crores and crores and I was no exception. I was seriously worried with my money. I never expected that market will go so low.

On Monday Oct 13 markets opened at 10874. It closed at 11309.

I thought markets are getting back due to various reasons like RBI infusing loads of funds into the financial system, US bailing out the banking system by providing more than 700 billion dollars. I was thinking things might go fine. I bought shares on Tuesday. Things were seeming bright.

On Tuesday Oct 14 markets opened much higher at 11777. It closed at 11483. Continue reading

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Financial Tips

I wanted to convey some financial tips to you. These are just tips but it does give you a good idea about how you should plan things and which needs to be given importance. The importance on tips is solely based on your discretion.

Set a Financial Goal: be as diligent about money as you are about your career.

Train yourself to be financially independent: don’t allow yourself to become reliant upon other’s decisions, and become involved in long-term financial planning.

Fund your retirement account: an important step for you. Continue reading

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Noticed the Changes in Rs 5 coin

Today during the lunch, there was a discussion regarding the coins and I told them that the Rs. 5 coin had indeed changed; many had not noticed it or were not bothered about it. I was quite surprised when I first saw the coin. It was not usual metal that was used and it was stainless steel. What does this indicate? Ever thought about it?

Let me brief you some of the details that I have gathered. Every coin that is minted by RBI has some purpose and meaning to it. The symbols, size and the dimensions play a dominant role. Usually every coin has a unique feature, why this is implemented? It is for the benefit of visually challenged person. They should be able to make out from the size and the dimensions easily the value of the coin that they are having. Continue reading

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Dreams

When have you last dreamt about something? Do you still dream? Do you think you can achieve your dreams? Is dreaming a worthwhile thing these days? How many dreams have you accomplished? Does day dreaming make sense anymore? Have you accomplished one single dream of your childhood days? Are dreams bad? Why don’t you dream or do you dream?

I have stopped dreaming in life. The usual day today life just ensures that I don’t dream at all. I just live life and try to cope up with the financial pressures and society. I really don’t know why I do this but I do. I guess most of us live life just the way I am living if you accept it then you are brave else you are different. If you are different, I am glad that you are. I have not seen many guys who are different. Why I say different is not because they are genetically different or they don’t belong to human species. The fact remains that they are not following the societal norms of living life but living life on their own terms dreaming. Continue reading

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Trading Rules

I got this following Rules in my mail. I just thought of sharing it with you…

1. The first and most important rule is – in bull markets, one is supposed to be long. This may sound obvious, but how many of us have sold the first rally in every bull market, saying that the market has moved too far, too fast. I have before, and I suspect I’ll do it again at some point in the future. Thus, we’ve not enjoyed the profits that should have accrued to us for our initial bullish outlook, but have actually lost money while being short. In a bull market, one can only be long or on the sidelines. Remember, not having a position is a position.

2. Buy that which is showing strength – sell that which is showing weakness. The public continues to buy when prices have fallen. The professional buys because prices have rallied. This difference may not sound logical, but buying strength works. The rule of survival is not to “buy low, sell high”, but to “buy higher and sell higher”. Furthermore, when comparing various stocks within a group, buy only the strongest and sell the weakest. Continue reading

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