Richers Diary

Mutual funds  are best options for savings and achieving our goals. But when an investor goes to invest into mutual fund, he finds difficult to select which fund would work to be the best. There are various mutual funds schemes out in the market, and I would guide you today to not choose these funds because of certain reasons. Lets start. Nowadays, in every sector there are few negative techniques to grow business. For example, in medical sector, pharmaceutical firms are offering their medical representative, an attractive commission to build up their business revenue and MRs (Medical Representatives) are not focusing on customer benefit in front of their own. In a same way, Mutual funds companies are also offering the same offer to boost up capital into fund schemes and few financial advisers mostly advise us on the basis of their high commission, not on the basis of our goal. It is not sure that all financial advisors are greedy but before choosing any mutual funds on ...

It is also called "Day Trading" where a trader trades with stock or other financial securities within a day. In this trading method, stocks are traded (Bought & Sold) in a market time which is 9-15 AM to 3-15 PM from Monday to Friday in India. Every trader trading in intraday has to open & close his stock position on a same day itself. Intraday traders take one of the highest level of risk with their own capital. When share market moves up and down within a day, they try to utilize their capital with this  movement. Why should one participate in Intraday trading: 1. Higher margins available to traders compared to investors. 2. High return potential. 3. Lower brokerage charges, especially with the Free Intraday Trading (FIT) option. Important guidelines for Intraday trading As it seems easy to earn profit by Intraday but one disconnect with time and analysis can wipe out your whole capital within second. So Before choosing any stock, follow the gui...

Hello Readers, Today I would be sharing few easy tricks that can eventually change your change your monetary status. Sometime we see that a person earns well but his status remains the same and doesn't change with change in increment. So here comes few habits which if implemented, can surely build up your monetary status in long term: 1) Control your Borrowing habits: Today its easy to apply for loan and an option to repay back using simple EMIs. But when we repay the loan, money is charged more than its worth. It is true that facility of taking loans from banks or traditional ways fulfills our short term needs but in long term it decreases our lifestyle. To maintain balance in lifestyle we again opt for loan. I higly recommend you to leave these cycles of borrowing habits. We should always borrow wealth for productive tasks which can create wealth after repayment. 2) Say No to Smoke and Alcohol: Nowadays, people are spending a significant amount on their bad habits. ...