I have no data points to prove if Samuel Insull died penniless. I certainly know that he was one of the richest man in the world and founder of Edition General Electric which later became General Electric(GE). I also know that if my savings does not yield to beat the inflation, my retiral is going to serve me a weeks bread. If I have some options to put my money to work, possibly stock market is one of the destinations.
**N**ow how do I go about it? Its my hard earned money and I have unlimited dreams. Here are some thoughts to tighten the seat belt:
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Plan:** Plan your investments according to the your risk taking capability. Ideally the percentage of stock market exposure is Hundered minus your age. Hence if you are 25 years of age, 75% of your disposable income should be invested in stock market. It can be more or less depending on the family dependency, Liabilities, Income stability etc.
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Research:** You must do the homework before putting your money in stock market. It is a good thought to go thru some finance news papers(finance page of dailies) and magazines to know the current market scenario. You may spend a little time watching the finance channels in television(CNBC-TV18, Zee Business, NDTV-Profit or CNBC-Awaaz).
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Online or Local Broker:** This is a very subjective matter. However the way the online finance portals are getting success, it appears that more and more public is opting for onine trade i.e. trading thru Internet. Opting online or offline again depends on so many factors like:
- Convenience
- Access to Internet
- Access to a local broker
- Transferring money & settlement
- Privacy and secrecy
- Cost and brokerage
Online stock trading sites offer buying and selleing of Shares, Mutual Funds, Bonds, Derivative Trading, Margin Trading, Commodity Trading, Systematic Investment Plans, IPOs in one portal It is considered relatively cheaper since it has less variable cost and managed by proven and professional. The following sites worth visiting before making a definite share trading decision.
- mutualfundsindia.com
- bseindia.com
- nseindia.com
- nsdl.co.in
- sebi.gov.in
I have personally benefited by visiting the follwing websites to gain the basic online investing knowledge.
- ICICI Direct University at icicidirect.com
- Pehlakadam at Moneycontrol.com
- Investment guide at sharekhan.com
- personalfn.com
It is recommended that you visit various trading sites and enquire or compare various online trading sites. Details on Settlement, brokerage plan, facilities, mailers and other specifics to be checked before finalising an online trading portal. Here is a list of such sites offering online trading and investing.
(01) 5paisa.com
(02) anandrathi.com
(03) emkayshare.com
(04) equitymaster.com
(05) equitytrade.com
(06) geojit.com
(07) hdfcsec.com
(08) icicidirect.com
(09) idbipaisabuilder.in
(10) investmentz.com
(11) investsmartindia.com
(12) jvfinancial.com
(13) kotaksecurities.com
(14) moneypore.com
(15) reliancemoney.com
(16) religare.in
(17) sharekhan.com
(18) smcindiaonline.com
(19) stockmantra.com
(20) tradingpundit.com
As the beginer it is always recommended to start with a small investment on fundamental stock picks with long term view. Systematic investment plan can be a way or lesser risk stock investing plan. Here your money is managed by a professional investment banker with good insight of the market.
Happy investing