TO GET STARTED FOR CREATING WEALTH: I have been receiving many requests as to how people can start investing in equities to make wealth. Here is a simple step by step guide : STEP1: After mutual discussion, we decide on asset allocation, industry allocation, company allocation. The charges for my service are paid. STEP2: Open a demat a/c. with a broker. STEP3 :The shares are purchased through the broker. Payment is made to the broker . The shares purchased remain in the investors demata/c. Investor receives the dividends, bonus issue, rights issue, buy back / open ofeers.... STEP 4: At the opportune time, shares are sold. After one year of ownership, there is no tax on the profits. There is profit sharing with me after each quarter/ year. Charges:3% of funds invested or Rs11000 per annum (i.e. Rs 30 per day only!) whichever is higher. And 7% of net profits at the end of each quarter/ year.( Pl. note that I have to ensure that we make profits so that I can get this 7% profit sharing!)

Indian economy is now well & truly in stagflation & the new american ascented central bank gov. is intent on intensifying this. As an investor the only option we have is to continue to remain invested in growing cos. & pray for better policy decisions

In the meantime the huge flow of liquidity is raising indian indices to new highs although the indian economy is at its bottom with not much change expected in future. So be wary of this rise as it can stop or turn into a fall as soon as liquidity drys up

Finally D.Rao about to depart from RBI but not before torpedoing Indian economy

D.Rao about to depart from RBI but not before torpedoing Indian economy- as i have been saying in my past posts also, India has to make a choice between growth & controlled inflation - keeping in view the crores of indians still below poverty line, i think that the obivious choice has to be growth. But D.Rao chose controlled inflation & look at the mess he has landed us in. When he took over, Indian economy/ GDP was growing at a fast clip of 9% in real terms, ruppe was around 40 to a dollar......now he has crashed the growth to 4%, ruppe to 68 for a dollar...... Along with our most selfish pm, this guy has done the most deep & horrible damage to our country...incidentally both of them were rewarded for their incompetance by getting two back to back terms..... Still have faith in well doing indian cos. & keep on investing in them... who knows that this most incompetant gov. may be replaced by the most competant one after the next elections in 2014.....