We earn. We spend. We save. And then, at the end of the fiscal year, we compute our income tax. Many of us hurriedly invest in a bid to reduce our tax liabilities. The government has capped the tax reduction at Rs 1 lakh. However, it is worth looking at these instruments as some of them offer good returns.
If you are a stock market enthusiast, then you have evolved with the trends of the stock market. Having strategies to fall back on when the stock market is volatile, is one of the important aspects for any investor in the stock market. With the increasingpace of the stock market, the idea of having multiple accounts is revolutionary. Let’s take a look at the various reasons to have multiple trading accounts:
The hunt for the ultimate stock market advantage is over. All you need to do is read. Before you raise your eyebrows, we are not asking you to read a lot. Specific reading material like the research reports on equities is good enough to help you get ahead with the stock market. By this we mean, you will be able to build your own opinion about the trend in the stock market. Often investing the stock market is done on the basis of rumors or other grapevine. It’s possible to avoid falling into the pitfalls of relying only on the trends of the stock market.
The role stock brokers have evolved in a big way over the last few years. Now brokers are not just here to buy or sell stocks on behalf of their clients. They play a bigger role in helping an investor wade through whole investment process; providing research based advice on stocks to helping client to invest in alternative assets; and subscribing to IPOs and mutual funds schemes.
Learn various psychological factors leading to stock market volatility with Kotak Securities. Many investors indulge in the trading activity of the stock market. Their characteristics, thoughts, and psychological beliefs arethe major factors determining the way share prices progress. For that reason, it is important to develop a deeper understanding of human psychology when assessing share market investment opportunities.
The weakening value of rupee is indeed a bane to the country, but in many ways, has turned out to be a boon in disguise for the Non-Resident Indians (NRIs). Although the present value of rupee against US dollar is at about Rs 61.8, it seems like the NRIs are waiting for it to drop further so that they make profitable investments back home.