I don't know ABCD of stock and all and I am littlebit interested to invest some money. So, could anybody tell me name of reputed broker I can trust and can take advice on..
Thank you in advance.
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Quote:
Originally posted by 7wonders
I don't know ABCD of stock and all and I am little bit interested to invest some money. So, could anybody tell me name of reputed broker I can trust and can take advice on..
Thank you in advance.
If you do not know ABCD of stocks then please stay away from the equity market, at least for the time being as the markets are having roller coaster rides due to the ripple effects of the US Sub-prime mortgage.
If you have some money to invest and are for the long haul then you can invest in good quality balanced funds. However, if you are not for the long haul and also want to preserve your capital, then some savings bank account can give you as high as 4.1% interest wherein you can park money for the time being and in a couple of months you can decide where to invest.
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
Thank you very much Mr. Pramod Chopra for your informative reply.
I don't know ABCD and that is why I want to take advice or service from broker who could give guidance on that issue. How does it work If I want to invest on long term base on stock or mutul fund?
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E mere vatan ke logo.............
If you want to do something for our country, just dont support corruption or be part of it
Location: carl sagan's universe
Posted on: 26-11-07 08:19:06
Mutual funds are for the long haul say 7-10 years or more.
Depending on your risk tolerance you can put your money in balanced or aggressive mutual funds (MFs).
Balanced funds typically give you 7-8 % over the long haul and growth funds give you 9-12%.
Best you have a one on one with an advisor who can sound you out and together you can come to a conclusion.
Maybe some money in a fixed depoit (ICICI is giving 4.85% on a 1 year deposit) and some in equity mutual funds.
Also there are tax implications to take into a/c.
Make sure if you invest in MFs, there is no charge for withdrawing nor for investing, since it is your hard-earned money.MFs typicall have a management expense ratio which is unavoidable since it is managed money and the manager needs to get paid.
There is a lot to know about MFs, again best to seek out an advisor.
Quote:
Originally posted by investpro
There is a lot to know about MFs, again best to seek out an advisor.
You are Financial Advistor I guess ... how do you charge? Whats the basis? Is it Hourly rate - or something else?
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Mumbai Maazi Ladki ...
Quote:
Originally posted by Pramod Chopra
Quote:
Originally posted by 7wonders
I don't know ABCD of stock and all and I am little bit interested to invest some money. So, could anybody tell me name of reputed broker I can trust and can take advice on..
Thank you in advance.
If you do not know ABCD of stocks then please stay away from the equity market, at least for the time being as the markets are having roller coaster rides due to the ripple effects of the US Sub-prime mortgage.
If you have some money to invest and are for the long haul then you can invest in good quality balanced funds. However, if you are not for the long haul and also want to preserve your capital, then some savings bank account can give you as high as 4.1% interest wherein you can park money for the time being and in a couple of months you can decide where to invest.
I also have same question for you that if you are a financial advisor how will you charge is it on hourly basis or on % basis.
Thanks
-----------------------------------------------------------------
http://www.youtube.com/watch?v=YMVuD_in67M
E mere vatan ke logo.............
If you want to do something for our country, just dont support corruption or be part of it
Location: carl sagan's universe
Posted on: 27-11-07 14:09:21
Quote:
Originally posted by Maharaj
Quote:
Originally posted by investpro
There is a lot to know about MFs, again best to seek out an advisor.
You are Financial Advistor I guess ... how do you charge? Whats the basis? Is it Hourly rate - or something else?
[/quote
How I wish I was in that league to charge by the hour.
I actually like most advisors give free advice. I get paid only when you invest, if at all. However advice I love giving as it helps me update my knowledge as well. Please chk pm.
