Sunday, November 24, 2013

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!)

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