Books which will you help in Earning

Books are best means to gain knowledge about everything if you are interested in how to manage your financial issues than there are some books which will definitely help you in solving these issues.

Language of these books are so simple everyone can understand easily. In these time people don't have time to read books so they can listen books. Some books are also available on YouTube just save them offline and start listening everywhere at time of travelling, morning walk, and wherever they want.

Personally i like audio books because it saves my time and enhance my knowledge. i will provide some YouTube links for audio books. There are some paid application where you can find all audio books  of your interest.

Rich Dad and Poor Dad

I read this book two month ago it has changed my concept about money management. Basically this book is about how normal people expend their money and how should they expend their money.

It will also suggest you best means for invest your money from where your money will give you best return to increase your wealth.This book suggest you why people always have scarcity of money.



Trading For A Living

This book will explain about trading psychology, trading tactics, Money management.
Some people want to make full time career by trading in stock market this will help you to choose.

If you are already trading than this book will improve your strategy of trading and increase your knowledge about stock market.


Intelligent Investor

This book is written by Benjamin Graham and it is suggested by Warren Buffet. This is one of best book about Investing in stock market. This book will explain you Value Investing. 

In starting it will little hard to understand but after reading and reading you will be able to understand this book. When you will complete this book you will have different view of seeing Stocks.

There are so many books available which you can read and improve your knowledge. Keep learning Keep earning. Thank you for visit my blog.

5 BEST INVESTMENTS IN INDIA

Before looking to 5 best investments in India first look why should people need to do investments. Investments is a medium from one can increase there income and let the Money work for them. One more reason is money is inflated every year like if you have ₹100 in 2018 then value of ₹100 in 2019 will less than the 2018.

Here are some best investments in India.

1. Public provident fund (PPF)

Public provident fund one of the best vehicle of investments. It provide 8.1% interest Per Annum with no tax liability. It can be opened from banks after filing required form Initial amount is need to deposit is ₹1,00 only.

Return                                     8.1% p.a.

Tax                                         No tax liability

Initial Amount                       ₹1,00

Annual Deposit Amount        ₹5,00 to ₹1,50,000

Period of Deposit                    15 years

Withdraw                                 Every year after year 7

Full Amount Withdraw           At maturity

 2. Gold ETF's

Gold ETF's is an exchange traded fund (ETF) which is similar to gold. It is in paper form which is listed in stock exchanges like shares. It can be buy minimum one unit which is equal to 1 gram. It is very beneficial than physical gold because there is no need to worry about storage, Locker, Stolen etc.
It can be buy anytime by stock market. Here anytime means when stock market is open.

Return                          Depends on gold prices

Tax                                law tax liability than Physical gold

Period                            No limit

Withdraw                       Anytime as gold

Secure                           It is listed in stock exchanges it is very secure

Purity                            It represent 99.5% pure gold

3. Mutual fund

Mutual fund are unit which money is invested by professional in stocks. There are many types of mutual fund are available in market some are Equity oriented fund, Debt oriented fund, Hybrid fund.
Equity oriented fund means most of the fund money is invested in Equity shares. Debt oriented fund means most of the money of the fund is invested in Debenture and bonds. Hybrid fund means Equity and Debt both.

Return               10% to 12% p.a.

Tax                    ELSS (Equity Linked Saving Scheme) provide Tax deduction

Period                Different from Funds to Funds

Withdraw           At maturity

4. Post office monthly income account (POMIS)

 POMIS is one of the best investment for people who want risk free return on monthly basis. It can be easily open through any post office

Return                   7.8% p.a. Risk free

Period                   5 years

Tax                       Interest is taxable

Withdraw             After 5 years

Maximum           4,50,000(single), 9,00,000(joint)
amount deposit

5. Real estate

Real estate one of the best investment in India it increases constantly over a period and it has law risk. Basically investment in real estate is done on the intention of earning rental income and gain in value increasing over a period.

Disclaimer- Information provided above only for knowledge before investing in any of them please check 

MUTUAL FUND

Banks vs Mutual fund

Bank provide maximum 6% interest on there deposit and Mutual fund provide at least 12% interest on there deposit like if you deposit ₹1,00,000

In Bank return after 10 years   1,79,084

In mutual fund return after 10 years  3,10,584

Shares vs Mutual fund

Shares are part of ownership of company which price fluctuated by market behavior whereas mutual fund use there fund to invest in Shares, Bond, Debenture etc. Directly investing in share increase more risk investing through mutual fund diversify the risk which decrease the risk. 

Shares Give more Return and more Risk also whereas mutual fund give less risk than shares but it also decrease the risk.

Candlesticks chart

What is candlesticks chart?

Candlesticks chart is indicator developed by  Munehisa Homma, a Japanese rice trader of financial instruments. Candlesticks are used for analyzing trend of market by paying attention on patterns of candlesticks.

 

   Candlesticks are basically in two colors it could be Red and Green. Red color candlesticks are bearish candles that means price of share is going downward. Green color candlesticks are bullish candle that means price of share is going upward. One candlesticks shows all about the shares at what price share is Open and at what price share is closed and it also show what is highest price it gone and lowest price it gone. Green candle is open from down and Red candle is open from up.

 Candlesticks Body and shadow body made by open and close price of share and shadow made by high and low of share price. This is basic about candlesticks there is too much to learn about candlesticks

TECHNICAL ANALYSIS

WHAT IS TECHNICAL ANALYSIS?

Technical analysis means analysis of stocks(Shares, Debenture, currency, etc.) by using some Indicator. Technical analysis helps to find Trend(Shares price is going Up or Down) of market.

There is many indicator which are uses for analysis of stocks like Candle chart, MACD, CCI, RSI, volume, moving average etc. Analyst use these indicator on there preference. Candle chart and Moving average are  mostly use by analysts. Analysts make millions of profit by analyzing the Trend. 

In this picture RSI, Candle sticks(Candle chart), Moving averages, volume, and MACD is shown.

BUY SHARES AND SELL SHARES

Second step for Trading you need to know when to buy shares and sell shares. There are two types of buying Intraday and Delivery. Intraday means you buy shares and sell shares within a day and Delivery means you are buying shares for more then a Day like for Week, Month, Year and Decade also.
Warren buffett is best investor in world hold shares for long time like 5 to 10 years so it is best to hold shares for long period.
Start trading today but intention should be learning and understanding the market not to get rich in a month. Day trading good to understand market fluctuations. Always take time before taking any position. 

Demat account charges

First step of trading is to open a Demat account before opening a Demat account you need to there are certain types of charges like, Opening charges, Brokerage, Account maintenance charges(AMC), etc.
Basically opening charges are free from many broker companies but it is taken by some like ₹500. Brokerage is main charge in trading account it is different broker by broker they will charge like 0.03% on your Trading value.
You bought 10 shares of Yesbank at 300 per share 300*10=3000 and you sold those 10 shares at 305 305*10=3050 per share here your Profit will be 3050-3000=50 and your Trading value will be 3000+3050=6050 hence your brokerage will be 6050*0.03%=₹1.815.
AMC is charged yearly mostly broker companies charge 0 in first year.