Free Tips to Earn From Share MARKET

We all know this popular English phrase- Let the buyer beware. What I’m proposing today is a little different, I’m proposing that the investor becomes Aware. We don’t need to have a degree in finance to do that, a lot of this is common sense. But it is something that we don’t want to spend time on, especially because some of it is intimidating and mostly because while it is important, we assume it is not really urgent. Money is important to all of us, just not important enough for us to spend enough time on it. Back to being 'AWARE' 5 things you can do to let your money work for you. Advisor:

We go to experts all the time- to doctors if we’re not well, to lawyers if we have a legal issue, to plumbers if we have a plumbing issue; but when it comes to money we become the ‘Expert’. How does that even make sense? Can you become an expert by reading a few sites and articles or talking to friends? If someone came to you saying they will manage your money and had the exact job profile as yours and no qualification to manage money, would you trust him/her with your hard earned money? If your answer is No, then why would you do that yourself?! Get an advisor who understands your requirements and who is looking out for you. Advisory should be his full time job. If you have the time and expertise and can be unemotional about your investments, you could manage your money too. Wait: The best things in life come to those who wait goes a popular saying. While we may/may not have seen the seven wonders of the world- we definitely can see the eighth one if we wait. Albert Einstein called “compounding”: the eighth wonder of the world. Compounding means earning interest on your interest of the principal amount. So, it takes time. Imagine, getting rich by waiting: so can you? Ask questions:

We all have a work life, we have a personal life and we have a thousand other things we need to take care of urgently. We are all basically busy. What happens to taking care of money in all of this? Get an advisor. One doesn’t really need to have a huge corpus of money to work with an advisor. But the key here is in asking questions. If you manage your money- who will you ask questions to? When it comes to managing money, I think asking questions is of paramount importance. Where do you want to go? How do you want to reach there? What should your asset allocation be? How much liquidity should you have? Where will you be invested in? When should you be reviewing your portfolio? Ask questions and lots of them. The answers you get or give will determine how good or bad your experience with growing your money will be. Risk- Return matrix: We all have friends that tell us how they made a killing in that one stock in the market. Good for them. But understanding what risk you are taking to make money is more important than understanding the returns you might make. I’m glad you asked Why. Well, what does risk mean to you – Is volatility risk? Is loss of capital risk? How much of this will you be able to manage without reacting? The reason this is important is because while we look only at the returns, we should be looking at the risks because more often than not our behavior is determined by risk and not by returns.

When markets fall 5% in a day, are you having a panic attack or are you indifferent because your time horizon is five years from today. You don’t need the money any time soon so you are not worried about short term blips. Embrace Boring: Let your money make money for you; I say “let it” because we are our own enemies when it comes to money- we want excitement from it. We want it to be social conversation about how we have invested in the most exciting and exotic products. If you want your money to make money for you, you’ve got to let it!