Make Money On Stock Markets, Part Ii
(Chandra Sekhar)
Now that you have allocated 1000 bucks you are ready to jump into the fray. Initially an account with an online stockbroker and a demat account with a bank or custodian like National Depository have to be opened. This completes the first phase. Now the selection process begins. Fast moving consumer good?s is one sector that has shown tremendous growth over the past three decades.It is suggested to see the traded price of a particular share on the stock market in the newspapers. The thumb rule is to select a share that is traded at 10 times the face value. To illustrate by an example, assume that M/s. X Ltd. share is traded on the stock market at Rs.100/- and its face value is Rs.10/-, then it is a safe bet. Also ensure that the company is at least 10 years old and the company is annually declaring dividends for the past 3 consecutive years. This data is readily available with all the online stock brokers viz., www.ICICIdirect.com , www.sharekhan.com, www.5paisa.com etc. The information is also available on some of the portals like www.moneycontrol.com. Once you have zeroed in on a company you decide your favourite day of the week. I suppose, it is a Wednesday. Every Wednesday, irrespective of the traded price of the share you invest Rs.250/-, in other words you buy shares worth Rs.250/- (based on the traded price on that particular day) every Wednesday for the next 260 weeks and I am sure you are going to make at least Rs.2,50,000/- by the end of 5 years. I will explain the mathematics part in my next article. A note of caution, don?t be elated or depressed by the volatile movement of the scrip you are investing in till the end of the tenure. So, wait for my next article for more tips on investing in stock markets and making money.
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