Dirty Business tactics in Indian Stock Market Industry that everyone should know
I would like to explain how people (short term investors) get trapped and are looted in the industry.
2 days free trail. One should provide Email and Phone number.
Consider A, B, C, D are the people opt for free trail.
Day 1: A and B get Buy call for a stock while C and D get sell call for the same stock.
Consider A and B gets right call.
Day 2: A and C gets a new buy call for a stock while B and D gets a new sell call for the same stock.
Now consider A and C get the right call.
A is trapped with 2 right calls. A has 30% chances to subscribe for the premium membership which cost around Rs. 30,000 per year.
Now he enters the stock market with Rs. 1,50,000. Pays INR 30,000 for the subscription and by the time he realize he is trapped, he loses another Rs. 60,000.
Welcome to the Indian Stock Market.
My sincere advice to the investors is
- Investing directly in stocks is the best way to earn money in the stock market. There is no wrong in taking advice if you are new and beginner. By the end of 1 year in stock market promise to stop depending on someone for stock calls (I have to say this even if am a stock advisor). Read, read, read because its your money! spend some time and money to study about the market and be self reliable, really its not so tough.
- If you are really not having time to get involved in learning for yourself, find a good Portfolio Manager or a Hedge Fund Manager and concentrate on your career. All your work will be to add capital to the fund. Mutual funds also perform well, there are hand picked mutual funds that repeatedly beat the market.
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