General Trading Chat
- Thread starter timepass
- Start date
- Tags idle thoughts trading talk only
Yes ,Bro I am investing in the
Aditya Birla sunlife tax relief 96. Even though I dont need it for tax purposes. Since there is a lock in period the fund managers have a view the available fund hence they can manage it better.Regarding the downside to the market.I believe though I may be wrong that there will be temporary bounce in the coming week and then the downturn will resume.
Aditya Birla sunlife tax relief 96. Even though I dont need it for tax purposes. Since there is a lock in period the fund managers have a view the available fund hence they can manage it better.Regarding the downside to the market.I believe though I may be wrong that there will be temporary bounce in the coming week and then the downturn will resume.
IMO, if you do not need tax benefits, then there should be/are better options for investing in mutual funds. Rest its your choice.
Regarding market movement, I said for this FY only (as ELSS is to be invested in this FY) and what I meant is
1. market will be on up move, I didnt say that it will go too high. (My anticipation is for 10550/600 around or may be more lol) and may revert from there. There are only 13 trading session left in this FY.
2. It wont go below what we had a low on 7.3.18. May fall some 50/100 points below it, but probability is quite less to breach even YL or 10141 or 10000 in the remaining period of this FY
Just my view and I reserve my rights to be wrong.
Regarding market movement, I said for this FY only (as ELSS is to be invested in this FY) and what I meant is
1. market will be on up move, I didnt say that it will go too high. (My anticipation is for 10550/600 around or may be more lol) and may revert from there. There are only 13 trading session left in this FY.
2. It wont go below what we had a low on 7.3.18. May fall some 50/100 points below it, but probability is quite less to breach even YL or 10141 or 10000 in the remaining period of this FY
Just my view and I reserve my rights to be wrong.
IMO, if you do not need tax benefits, then there should be/are better options for investing in mutual funds. Rest its your choice.
Regarding market movement, I said for this FY only (as ELSS is to be invested in this FY) and what I meant is
1. market will be on up move, I didnt say that it will go too high. (My anticipation is for 10550/600 around or may be more lol) and may revert from there. There are only 13 trading session left in this FY.
2. It wont go below what we had a low on 7.3.18. May fall some 50/100 points below it, but probability is quite less to breach even YL or 10141 or 10000 in the remaining period of this FY
Just my view and I reserve my rights to be wrong.
Regarding market movement, I said for this FY only (as ELSS is to be invested in this FY) and what I meant is
1. market will be on up move, I didnt say that it will go too high. (My anticipation is for 10550/600 around or may be more lol) and may revert from there. There are only 13 trading session left in this FY.
2. It wont go below what we had a low on 7.3.18. May fall some 50/100 points below it, but probability is quite less to breach even YL or 10141 or 10000 in the remaining period of this FY
Just my view and I reserve my rights to be wrong.
RULE 72
What is Rule 72?
In personal finance, if you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the money..
Eg: if the rate of interest is 9%, simply divide the number 72 by 9% and the answer is 8. Thus it will take 8 years to double your money if you invest at 9% p.a. rate of interest.
INTEREST: We can use this rule in reverse to know the rate of interest needed to double your money to achieve your set goal.
Eg: If you have 250k today and you need 500k in 5 years. Just divide the number 72 by 5, the answer is 14.41%. Thus you need a type of investment avenue, where you earn at least 14.41% p.a. as rate of interest/returns to double your investment amount in 5 years.
INFLATION:
This 'Rule 72' helps you to understand about inflation also. It helps you to calculate the amount of time it will take for inflation to make the real value of money half. Let's say present inflation is 5.5%. When you divide 72 by 5.5% the answer is 13.09 years. That is to say, if you have 100k in your kitty today, it would take around 13.09 years for the value of the money to be halved..
Hope it helps you in your day....
whatapp frwd
What is Rule 72?
In personal finance, if you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the money..
Eg: if the rate of interest is 9%, simply divide the number 72 by 9% and the answer is 8. Thus it will take 8 years to double your money if you invest at 9% p.a. rate of interest.
INTEREST: We can use this rule in reverse to know the rate of interest needed to double your money to achieve your set goal.
Eg: If you have 250k today and you need 500k in 5 years. Just divide the number 72 by 5, the answer is 14.41%. Thus you need a type of investment avenue, where you earn at least 14.41% p.a. as rate of interest/returns to double your investment amount in 5 years.
INFLATION:
This 'Rule 72' helps you to understand about inflation also. It helps you to calculate the amount of time it will take for inflation to make the real value of money half. Let's say present inflation is 5.5%. When you divide 72 by 5.5% the answer is 13.09 years. That is to say, if you have 100k in your kitty today, it would take around 13.09 years for the value of the money to be halved..
Hope it helps you in your day....
whatapp frwd
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