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Mar 21, 2021

ReWork By Jason Fried!

 








Get the book at Amazon : https://amzn.to/3cc7Lzr 

Rework shows you that you need less than you think to start a business – way less – by explaining why plans are actually harmful, how productivity isn't a result from working long hours and why hiring and seeking investors should be your absolute last resort.

Author:






Jason Fried is the co-founder and president of 37signals , a Chicago-based company that builds web-based productivity tools that, in their words, "do less than the competition -- intentionally." 37signals' simple but powerful collaboration tools include Basecamp, Highrise, Backpack, Campfire, Ta-da List, and Writeboard .


If you dream to open a startup or a business of your own, you must read this book, written by Jason Fried who owns the company named Basecamp, which also one day came up like an startup idea and now making a million dollar business.

 

Mark Cuban, the well-known American investor, said about the book that if he has to choose between, two people and one of them has done an MBA and the other has read the Rework book, he will choose the one who read the Rework book.

So you must have understood the importance of this book

The chapters of this book summary are as follows:

1) Scratch your own itch: (Solve your problem yourself)

First look at what you need to problem. Then find the solution to that problem.

So the same solution can become your product.

This is what the author has called scratch your itch. It means if you have a problem and to wipe it out, the solution occurred.

Let's understand this from two example:

Nike – We all know about Nike, the famous shoe company. But the story of his started when the America's athletics coach Bill Bowerman was looking for shoes that are extremely strong but extremely, light weight too. They found a lot but did not find such shoes.

So he designed such shoes himself using leather and iron at his workshop.

In this way, they solve their own problem. These shoes greatly increased the running speed of athletes. Thus, a company like Nike started, which later spread throughout the world.

Bill's problem was the absence of good running shoes, and he took the solution, Which became their product later

Otis – All of you have never used an elevator in life, if it was not invented by someone.

It was invented by Elisha Otis. So the elevator is also called Otis.

In fact, they had to climb a lot of stairs every day. From which they were disturbed.

To overcome this problem, he thought of building lift.

Today, the whole world uses this product that they have ever made for itself, So you need to look for, what are the difficulty or problems and find the solution for that, may be tomorrow your product is also all over the world.

 

2) Start a Business not Startup

The use of the word startup by the youth of today has become like a fashion.

See what you'll say – man I want to put up startup.

When people put up startups, they buy expensive equipment in the beginning of the business. The cost on the advertisement for the product starts to waste money.

They may raise many funds from the investors and by taking more funding, they have to work as per the investors wishes.

Their own vision is lost. So the authors say that startup entrepreneurs and fancy words like fancy words are far from confused.

But look at yourself as a businessman, You don't need a degree or a suit – boot.

Start your business directly without lying in the high of what you have to use. Then gradually go to scale up the business.

 
 

Mar 8, 2021

The 48 Laws of Power!

 The 48 Laws of Power by  Robert Greene


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Law 1:  Never outshine the master

Make your masters appear more brilliant than they are and you will attain the heights of power

When it comes to power, outshining the master is perhaps the worst mistake of all.

Never take your position for granted and never let any favors you receive go to your head.

Law 2: Never put too much trust in friends, learn how to use enemies

But hire a former enemy and he will be more loyal than a friend, because he has more to prove. In fact, you have more to fear from friends than from enemies. If you have no enemies, find a way to make them

Since honesty rarely strengthens friendship, you may never know how a friend truly feels. Friends will say that they love your poetry, adore your music, envy your taste in clothes— maybe they mean it, often they do not.

The key to power, then, is the ability to judge who is best able to further your interests in all situations. Keep friends for friendship, but work with the skilled and competent.

Law 3: Conceal Your Intentions

Use decoyed objects and desires and red herrings to throw people off the scent

Hide your intentions not by closing up (with the risk of appearing secretive, and making people suspicious) but by talking endlessly about your desires and goals— just not your real ones. You will kill three birds with one stone: You appear friendly, open, and trusting; you conceal your intentions; and you send your rivals on time-consuming wild-goose chases.

Use smoke screens to disguise your actions. This derives from a simple truth: people can only focus on one thing at a time. It is really too difficult for them to imagine that the bland and harmless person they are dealing with is simultaneously setting up something else

As Kierkegaard wrote, “The world wants to be deceived.”

Law 4: Always say less than necessary

One oft-told tale about Kissinger… involved a report that Winston Lord had worked on for days. After giving it to Kissinger, he got it back with the notation, “Is this the best you can do?” Lord rewrote and polished and finally resubmitted it; back it came with the same curt question. After redrafting it one more time— and once again getting the same question from Kissinger-Lord snapped, “Damn it, yes, it’s the best I can do. ” To which Kissinger replied: “Fine, then I guess I’ll read it this time. ”

Persons who cannot control his words shows that he cannot control himself, and is unworthy of respect. But the human tongue is a beast that few can master. It strains constantly to break out of its cage, and if it is not tamed, it will run wild and cause you grief. Power cannot accrue to those who squander their treasure of words.

Power is in many ways a game of appearances, and when you say less than necessary, you inevitably appear greater and more powerful than you are.

Learn the lesson: Once the words are out, you cannot take them back. Keep them under control. Be particularly careful with sarcasm: The momentary satisfaction you gain with your biting words will be outweighed by the price you pay.

Law 5: So much depends on reputation, guard it with your life

Always be alert to potential attacks and thwart them before they happen. Meanwhile, learn to destroy your enemies by opening holes in their own reputations. Then stand aside and let public opinion hang them.

Doubt is a powerful weapon: Once you let it out of the bag with insidious rumors, your opponents are in a horrible dilemma.

Once you have a solid base of respect, ridiculing your opponent both puts him on the defensive and draws more attention to you, enhancing your own reputation.

Law 6: Court attention at all costs

Surround your name with the sensational and the scandalous.

Better to be slandered and attacked than ignored.

Every crowd has a silver lining.

At the start of your career, you must attach your name and reputation to a quality, an image, that sets you apart from other people.

Create an air of mystery.

Remember: Most people are upfront, can be read like an open book, take little care to control their words or image, and are hopelessly predictable. By simply holding back, keeping silent, occasionally uttering ambiguous phrases, deliberately appearing inconsistent, and acting odd in the subtlest of ways, you will emanate an aura of mystery. The people around you will then magnify that aura by constantly trying to interpret you

Do something that cannot be easily explained or interpreted

Law 7: Get others to do the work for you, but always take the credit

No notes.

Law 8: Make other people come to you, use bait if necessary

For negotiations or meetings, it is always wise to lure others into your territory, or the territory of your choice. You have your bearings, while they see nothing familiar and are subtly placed on the defensive.

Law 9: Win through your actions, never through argument

No notes.

Law 10: Infection: Avoid the unhappy or the unlucky

When you suspect you are in the presence of an infector, don’t argue, don’t try to help, don’t pass the person on to your friends, or you will become enmeshed. Flee the infector’s presence or suffer the consequences.

Law 11: Learn to keep people dependent on you

No notes.

Law 12: Use selective honesty and generosity to disarm your victim

No notes.

Law 13: When asking for help, appeal to people’s self interest, never their mercy or gratitude

No notes.

Law 14: Pose as a friend, work as a spy

No notes.

Law 15: Crush your enemy totally

No notes.

Law 16: Use absence to increase strength and honor

The more you are seen and heard from, the more common you appear. If you are already established in a group, temporary withdrawal from it will make you more talked about, even more admired. You must learn when to leave. Create value through scarcity.

At the start of an affair, you need to heighten your presence in the eyes of the other. If you absent yourself too early, you may be forgotten. But once your lover’s emotions are engaged, and the feeling of love has crystallized, absence inflames and excites. Giving no reason for your absence excites even more.

Law 17: Keep others in suspended terror, cultivate an air of unpredictability

Too much unpredictability will be seen as a sign of indecisiveness, or even of some more serious psychic problem. Patterns are powerful, and you can terrify people by disrupting them. Such power should only be used judiciously.

Law 18: Do not build a fortress to protect yourself, isolation is dangerous

No notes.

Law 19: Know who you’re dealing with, do not offend the wrong person

No notes.

Law 20: Do not commit to anyone

Do not commit to anyone, but be courted by all.

When you hold yourself back, you incur not anger, but a kind of respect. You instantly seem powerful because you make yourself ungraspable, rather than succumbing to the group, or to the relationship, as most people do.

People who rush to the support of others tend to gain a little respect in the process, for their help is so easily obtained, while those who stand back find themselves besieged with supplicants.

Do not commit to anyone, stay above the fray.

Remember: You have only so much energy and so much time. Every moment wasted on the affairs of others subtracts from your strength.

Law 21: Play a sucker to catch a sucker, seem dumber than your mark

Given how important the idea of intelligence is most people’s vanity, it is critical never inadvertent to insult or impugn a person’s brain power.

Law 22: Use the surrender tactic: to transform weakness into power

People trying to make a show of their authority are easily deceived by the surrender tactic.

It is always our first instinct to react, to meet aggression with some other kind of aggression. But the next time someone pushes you and you find yourself starting to react, try this: Do not resist or fight back, but yield, turn the other cheek, bend.

If you surrender instead, you have an opportunity to coil around your enemy and strike with your fangs from close up.

Law 23: Concentrate your forces

Intensity defeats extensity every time.

Law 24: Play the perfect courtier

The laws of court politics:

Avoid ostentationPractice nonchalance frugal with flatteryArrange to be noticedAlter your style and language according to the person you are dealing with never be the bearer of bad newsNever affect friendliness and intimacy with your masterNever criticize those above you directly be frugal in asking those above you for favorsNever joke about appearances of tastes do not be the court cynicBe self observantMaster your emotionsFit the spirits of the timesBe the source of pleasure

Law 25: Re-Create Yourself

Be the master of your own image rather than letting others define it for you.

The world wants to assign you a role in life. And once you accept that role you are doomed.

Remake yourself into a character of power. Working on yourself like clay should be one of your greatest and most pleasurable life tasks.

The first step in the process of self-creation is self-consciousness— being aware of yourself as an actor and taking control of your appearance and emotions.

The second step in the process of self-creation is a variation on the George Sand strategy: the creation of a memorable character, one that compels attention, that stands out above the other players on the stage.

Law 26: Keep your hands clean

Conceal your mistakes, have a scapegoat around to blame.

Make use of the cats paw.

Law 27: Play on people’s need to believe to create a cult like following

Five rules of cult making

Keep it vague, keep it simpleEmphasize the visual and sensational over the intellectualBorrow the forms of organized religion to structure the groupDisguise your source of incomeSet up an us vs them dynamic

Law 28: Enter action with boldness

The bolder lie the better.

Lions circle the hesitant prey.

Boldness strikes fear, fear creates authority.

Going halfway with half a heart digs a deeper grave.

Hesitation creates gaps, boldness obliterates them.

Audacity separates you from the herd.

When you are as small and obscure as David was, you must find a Goliath to attack. The larger the target, the more attention you gain.

Law 29: Plan all the way to the end

No notes.

Law 30: Make your accomplishments seem effortless

No notes.

Law 31: Control the options, get others to play with the cards you deal

You give people a sense of how things will fall apart without you, and you offer them a “choice”: I stay away and you suffer the consequences, or I return under circumstances that I dictate.

Color the choices, propose three or four choices of action for each situation, and would present them in such a way that the one he preferred always seemed the best solution compared to the others.

Force the resister, Push them to “choose” what you want them to do by appearing to advocate the opposite.

Alter the playing field.

The shrinking options: A variation on this technique is to raise the price every time the buyer hesitates and another day goes by. This is an excellent negotiating ploy to use on the chronically indecisive, who will fall for the idea that they are getting a better deal today than if they wait till tomorrow.

The weak man on the precipice: This tactic is similar to “Color the Choices,” but with the weak you have to be more aggressive. Work on their emotions— use fear and terror to propel them into action. Try reason and they will always find a way to procrastinate.

Brothers in Crime: You attract your victims to some criminal scheme, creating a bond of blood and guilt between you.

The horns of a dilemma: The lawyer leads the witnesses to decide between two possible explanations of an event, both of which poke a hole in their story. They have to answer the lawyer’s questions, but whatever they say they hurt themselves. The key to this move is to strike quickly: Deny the victim the time to think of an escape. As they wriggle between the horns of the dilemma, they dig their own grave.

Law 32: Play to people’s fantasies

People rarely believe that their problems arise from their own misdeeds and stupidity. Someone or something out there is to blame— the other, the world, the gods— and so salvation comes from the outside as well.

Law 33: Discover each man’s thumbscrew

Everyone has a weakness, a gap in the castle wall. That weakness is usually an insecurity, an uncontrollable emotion or need; it can also be a small secret pleasure. Either way, once found, it is a thumbscrew you can turn to your advantage.

Finding the thumbscrews

Pay attention to gestures and unconscious signalsFind the helpless child, look to their childhoodLook for contrasts, an overt trait often reveals its oppositeFind the weak link,Fill their emotional voidFeed on their uncontrollable emotion

Always look for passions and obsessions that cannot be controlled. What people cannot control, you can control for them.

Law 34: Be royal in your own fashion. Act like a king to be treated like one

No notes.

Law 35: Master the art of timing

No notes.

Law 36: Disdain things you cannot have, ignoring them is the best revenge

Remember: You choose to let things bother you. You can just as easily choose not to notice the irritating offender, to consider the matter trivial and unworthy of your interest. That is the powerful move.

Desire often creates paradoxical effects: The more you want something, the more you chase after it, the more it eludes you. The more interest you show, the more you repel the object of your desire. This is because your interest is too strong— it makes people awkward, even fearful. Uncontrollable desire makes you seem weak, unworthy, pathetic.

Law 37: Create compelling spectacles

No notes.

Law 38: Think as you like but behave like others

If Machiavelli had had a prince for disciple, the first thing he would have recommended him to do would have been to write a book against Machiavellism.

Law 39: Stir up waters to catch fish

Anger and emotion are strategically counterproductive. You must always stay calm and objective. But if you can make your enemies angry while staying calm yourself, you gain a decided advantage.

Law 40: Despise the free lunch

The worth of money is not in its possession, but in its use.

Law 41: Avoid stepping into a great man’s shoes

No notes.

Law 42: Strike the shepherd and the sheep will scatter

Within any group, trouble can most often be traced to a single source, the unhappy, chronically dissatisfied one who will always stir up dissension and infect the group with his or her ill ease. Before you know what hit you the dissatisfaction spreads. Act before it becomes impossible to disentangle

Once you recognize who the stirrer is, pointing it out to other people will accomplish a great deal.

43: Work on the hearts and minds of others

Remember: The key to persuasion is softening people up and breaking them down, gently. Seduce them with a two-pronged approach: Work on their emotions and play on their intellectual weaknesses.

44: Disarm and infuriate with the mirror effect

When you mirror your enemies, doing exactly as they do, they cannot figure out your strategy. The Mirror Effect mocks and humiliates them, making them overreact. By holding up a mirror to their psyches, you seduce them with the illusion that you share their values; by holding up a mirror to their actions, you teach them a lesson.

45: Preach the need to change, but never reform too much at once

If change is necessary, make it feel like a gentle improvement on the past.

Even while people understand the need for change, knowing how important it is for institutions and individuals to be occasionally renewed, they are also irritated and upset by changes that affect them personally.

46: Never appear too perfect

Envy creates silent enemies. It is smart to occasionally display defects, and admit to harmless vices, in order to deflect envy and appear more human and approachable.

Do not try to help or do favors for those who envy you; they will think you are condescending to them.

47: Do not go past the mark you aimed for. In victory, know when to stop

No notes.

48: Assume formlessness

By taking a shape, by having a visible plan, you open yourself to attack. Instead of taking a form for your enemy to grasp, keep yourself adaptable and on the move. Accept the fact that nothing is certain and no law is fixed. The best way to protect yourself is to be as fluid and formless as water; never bet on stability or lasting order. Everything changes.

 


Feb 28, 2021

The falcon method on investing books by David Solyomi

 Coming Soon..............The falcon method on investing books by David Solyomi


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The FALCON Method advocates a precise and unemotional investment strategy which focuses on rigorous company evaluation and a buy and hold philosophy. Its well-structured process focuses on long-term dividend payers and applies a strict set of filters to weed out dodgy deals and subpar investments. By following the FALCON Method’s steps and using its recommended financial indicators, average traders can give themselves the best possible chance for growing their wealth and building a passive income.



Feb 23, 2021

The Unshakeable by Tony Robbins!

 

Coming soon the summary on the another book regarding how to earn millions using the common practices and power of compounding in stock market is explained in the book The Unshakeable by Tony Robbins!


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Feb 16, 2021

The Power of Atomic Habits by James Clear!



 

Go to the link to download the book https://amzn.to/3diHwIw



Sometimes we put a whole Life into making a good habit and then one day, by a small mistake, that habit turns into a second. Why does this happen? In fact, we often assume that great effort is essential for great success. It is not clearly wrong, but sometimes even small attempts bring results better than efforts. James Clear's book Atomic Habits Book tells us about the same habits.

1.Habits are the compound interest of self-improvement

The same way that money multiplies through compound interest, the effects of your habits multiply as you repeat them.

The effects of small habits compound over time. 

Every day that 1% better than you make improvement to your habit decide the future.

How much money you will have in your future will be decided on how much you save and invest.

Similarly, how much knowledge you have depends on how many books you read. What will be your weight is depended on your everyday eating habits and physical activities.

They seem to make little difference on any given day and yet the impact they deliver over the months and years can be enormous. A slight change in your daily habits can guide your life to a very different destination.

Making a choice that is 1% better or 1% worse seems insignificant in the moment, but over a lifetime these choices determine the difference between who you are and who you could be.

2. Your identity is made up of your habits:

Have you ever wondered why it feels so difficult to change any habits?

Behaviour change is a big thing, no matter the behaviour, and it’s almost never possible to take all of it on at once.

We have to start small day by day to form a new habit, and with particular, measurable actions.

Each specific action is one forkful of behaviour change, and a set of those actions engaged over time results in cumulative change. To accompany those cumulative actions, we need specific goals, which behaviour change research suggests are essential to success, because we need performance targets to measure ourselves against. But those, too, should be realistic and specific.

There are three main reasons for making changes.

Now think for yourself which of the following should be focus?

If you think only of outcome, you will get bored. So try to make change a part of your identity.

For example, if you want to get used to reading newspapers every day, start getting headlines short. Then discuss them with those who know you. This will make people recognize you as a knowledgeable person of all headlines. And reading newspapers every day will become your habit

 

3. Four easy ways to make good habits.

Whenever you want to change your habit, ask yourself these four questions.

  • Start with Small Adjustments. ...
  • Be Positive. ...
  • Once you make the Decision, Commit to it. ...
  • Identify All Your Triggers and Obstacles. ...
  • Take Time to think about what is holding you back. ...
  • Create a Plan to Succeed with Failure in Mind.

4. Imagine yourself as you want to be.

Whenever someone thinks of adopting a new habit, think about the impact it will have on your life. Will this habit make me what I want to be?

If you get a yes answer, understand that your brain is ready for a new habit.

5. The best way to start a new habit.

Many people feel that they lack motivation. But they actually lack clarity. They don't know where to go, or why they have to go.

In such a situation, one of the best ways to create a new habit is to identify an existing habit. And then add your new habit to it. It is also known as habit stacking.

6. You need a good environment, not much motivation.

There is a famous quote by James Clear, "Environment is the invisible hand that shapes human behavior."

Every habit starts with need. This need stems from your environment. So always pay attention to the circumstances around you and recognize the need for good habits being formed in them.

7. How to do Self Control.

Once a good habit is formed, it will always be remembered. Yet the human mind soon goes astray. For example, whenever you see something sweet during a weight loss diet, you start losing self control. Some people even give up their diet after giving up.

That is why self control is very important. The best way to make it is to keep such things out of your sight that can break your morale.

 8. How to make a habit of habits.

Always keep your eye on the reward. Think that if I follow this habit completely today, what will be the benefit of it tomorrow.

By making your habits attractive and keeping your eyes on the result, one gets used to the habit.

 9. How family and friends affect your habits.

There is no doubt in this, we always try to be like the people around us. That is why it is important that your family and friends have good habits. If it is not so, then you join a circle or club where people of your mentality have to sit up.

10. How to find the cause of bad habits and change them.

Just as thinking about the result of a good habit makes it attractive, similarly thinking about the result of a bad habit makes it unattractive. That's why pay attention to your routine and find habits that waste your time. Then consider the consequences of those habits and change them.

11. Proceed slowly.

To change your habits, it is also important that your new habits are easy. Habits are formed by repeating and moving forward slowly. Fast runners often get tired.

12. Less effort and maximum results

How nice to hear this, doesn't it? In reality, our brain works the same way. It also likes to take the less laborious route. So to make your brain work better, keep it happy and listen to it. When the hard work is less, then you will also get into the habit of doing less.

13. Stop procrastination in 2 minutes.

Procrastination means procrastination is the biggest enemy of good habits. The only way to change this is the two minute rule. According to this, whenever you think of doing something, start doing it within two minutes of thinking about it. This will not give your mind a chance to wander.

14. Make good habits a part of life and get rid of bad habits.

Just as it is important to make good habits easy to adopt, bad habits must be made difficult to get rid of. This is the inversion law.

For example, when we have to get rid of the habit of using social media sites, then we delete those apps only. With this we make that habit impossible.

15. The main rule of behaviour change.

Whenever we get satisfaction from doing something less, we do not shy away from doing that thing again. That is why in order to change the behaviour, make the new habits satisfactory. This is the main law of behavioural change. Always do that work which gives peace to your mind.

16. How to stick to good habits everyday.

We get the most satisfaction when we accomplish one of our goals. Now download a habit tracker for whether you have accomplished your goal or not. Or track your habits by marking on the book or calendar. This will establish a connection between your habits and you.

17. How Making Someone an Accountability Partner Changes Everything

If there is someone in your life who wants to see you successful, then definitely share your routine with them. Doing so establishes an accountability, which helps you stay on the right track and stick to good habits.

Feb 7, 2021

One up on wall street

  








https://amzn.to/3rwUbve

Jan 31, 2021

Learn to earn by Peter Lynch

 

Looking for the great book, click on the link https://amzn.to/3pPDrhf

Peter Lynch: Peter Lynch is an American investor, mutual fund manager, and philanthropist. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world

A very important concept of investing is not being taught in our education system, which is Investing. Our school system train us on to get a job and earn money from it, however we were never taught about investing in schools and colleges.

We can contribute well in the progress of the country by helping to advance the economy of our country.

Earning money is the basic need of everyone for survival, so to meet his basic needs. However not everyone know, that we can enhance our simple earnings into great investments by simply saving and investing.

Also not only we accumulate great wealth but also take participate in the economic growth of the country, through these investments and we can help in the economic growth of the nation and we can achieve this through investing in the stock market.

If you own a share of the company, you hold the ownership of the company and you become a part owner of the company.

The investor is entitled to a percentage of a profit and his liability is only limited to a share value. The benifit is that despite being the owner of the company, you do not bear the losses beyond your investment value and also you can quickly buy and sell the shares of any company at any time.

We can analyse any company by using simple maths and can invest in them by purchasing shares. Simply we use our small savings and invests them in mutual funds, stocks and shares, in different bonds and in Government security bonds for a better return.

We are not taught about the power of saving and investing that money from a young age and putting the money at work, that how money makes more money for us using the power of compounding.

Investing money in the right place can lead to our future financial growth.



The important factor is not how much you invest, but for how long you kept the money invested, that's where the Power of Compounding works.

Einstein famously said that compound interest is the most powerful force in the universe. He said, “Compound interest is the 8th wonder of the world. He who understands it, earns it; he who doesn't, pays it.



Warren Buffet, start investing from the age of 11 and by the age of 60 years, he gets his millions from those investments, he invested the money for 50 years and hence he has this massive wealth from investing in stock markets and mutual funds.

We do not really know the power of all the money, when we think that if we are going to buy some goods for 1000 rupees then we think that we will spend 1000 rupees. But the big investors who really understand the power of money, they see how anyone looks at the expenses 



As per Peter Lynch has to spend one thousand rupees then he will think first that if I do not invest this one thousand rupees and on this, I will get 24% profit per year instead of 29%, then in twenty years one of today's 1000 rupees will be about one and a quarter lakh rupees. They think that if I am spending a thousand rupees here today, then I am not losing a thousand. After twenty years I am making a loss of 1.25 lakh rupees. Whenever you think that you are spending money today, if you are in the stock market or

If you put it somewhere wise and let it remain for many years, then how much money you can save on it. Only then will you understand the real power of money and then whenever you make any small savings you will also invest it properly. No matter what your income is, the amount of money you can save,

Save and keep investing in the market. After a long time, after 15-20 years, it is certain that you will have a lot of money. It is said that the real power of money should worry about the future value, not today. Many people will also think that after 15-20 years, inflation will also increase, but if you look at the figures, inflation increases at the rate of about 6%. That is why if you buy stock well, in the next 15-20 years you beat the inflation.


Timing the Market:

That is to always think that if I have taken a share in 100 and will sell it at 200 then when it comes down to 150 then I will buy and sell at 200. They may also be successful in doing this a couple of times, but by doing so, it becomes the habit of the investor to buy a stock and earn 10% -20% in it, then sell it and then when he If the stock goes down then I will buy it again.

They think of earning from this cycle. But here Peter Lynch has told that no matter how big the world investor is, he has never been able to time the market. If the big people could not do this field, then our chances of being successful in it are very less. Which has less chance of success, why to do it? So stay away from it.

 For example, if you have a good share, which you got for 100 rupees, you kept that share for 150 but as soon as it turned 150, you sold it thinking that when it comes to 120 or 130, then I buy again. I will take it, but if the same share goes straight from 150 to a thousand, then you have lost the opportunity to earn 10 times, only in the greed that 20-30 rupees will go again, I will buy again.

From this cycle, they think of earning. But here, Peter Lynch has pointed out that no matter how big an investor in the world he has ever been able to time the market. The chances of us succeeding in what the region has not been able to do big people are too low. Why do they have less chance of success? So avoid it.

For Example if you have any good shares, Which you got for Rs. 100, kept your share up to 150, but as soon as it was 150, you sold it thinking that when it came to 120 or 130, I would buy again, but if the same share goes up from 150 to a straight thousand, you lost 10 times the chance to earn only 20-30 rupees in this greed. I'll buy again. If you have taken shares in a good company, its fundamentals are good, you trust it, then avoid time to market in an affair to earn Up 10, 20 rupees. If there are good shares, keep it falling or growing for a long time only if you are able to make good money.

If you have taken shares in a good company, its fundamentals are good, if you have faith in it, then you should avoid having to time the market in the matter of earning 10, 20 rupees. If there are good shares, then fall or rise, keep it for a long time only then you will be able to make good money.

When we buy a stock, we are actually become the owner of the business, So there is a difference between a speculator and investor.

A speculator is one, who does short buy and selling and try to time the market and an investor believe in investment for the long time. 

We do not really know the power of all the money, when we think that if we are going to buy some goods for 1000 rupees then we think that we will spend 1000 rupees. But the big investors who really understand the power of money, they see how anyone looks at the expenses.

If Peter Lynch has to spend one thousand rupees then he will think first that if I do not invest this one thousand rupees and on this, I will get 24% profit per year instead of 29%, then in twenty years, one of today's Thousand rupees will be about one and a quarter lakh rupees.

They think that if I am spending a thousand rupees here today, then I am not losing a thousand. After twenty years I am making a loss of 1.25 lakh rupees.

A common investor comes to this market with big dreams, there are a lot of expectations. He always thinks from this stock market that he should not buy the wrong shares from the always successful, the Mutual Fund in which he put the money in the share should always go up. And he always starts to consult from place to place in the way he is finding the right stock. But it is not always possible to do so, if you have come to the stock market, let's assume that you will lose.

 There are no one in this market that has never suffered. That is why you are not afraid of being failed, you know that all the big investors in the stock market have a very high rate of failure. It is not, that only 10% or 20% fail, they also fail very, they also sometimes buy very bad shares but what they do, they hold the good shares for a long time. If a share is Rs. 1000 it means that it has increased by 10 times, your 5 losses will compensate the share. Suppose you have put 100-100 rupees 10 and one of your shares increases by 10 times and 9 shares of the rest are zero, you are in No Profit, No Loss.

 

 What do you have to do, buy some wrong shares, buy if there is a loss, what mistake did you make and what did you think of buying the share that went wrong? What was your guess? You don't understand the management of that company or you don't understand that industry or you're relying more on that company's product.

 

Learn from your mistakes :

A common investor comes to this market with big dreams, there are a lot of expectations. He always thinks from this stock market that he should not buy the wrong shares from the always successful, the Mutual Fund in which he put the money in the share should always go up. And he always starts to consult from place to place in the way he is finding the right stock. But it is not always possible to do so, if you have come to the stock market, let's assume that you will lose.

There are no one in this market that has never suffered. That is why you are not afraid of being failed, you know that all the big investors in the stock market have a very high rate of failure. It is not, that only 10% or 20% fail, they also fail very, they also sometimes buy very bad shares but what they do, they hold the good shares for a long time. If a share is Rs. 1000 it means that it has increased by 10 times, your 5 losses will compensate the share. Suppose you have put 100-100 rupees 10 and one of your shares increases by 10 times and 9 shares of the rest are zero, you are in No Profit, No Loss.

What do you have to do, buy some wrong shares, buy if there is a loss, what mistake did you make and what did you think of buying the share that went wrong? What was your guess? You don't understand the management of that company or you don't understand that industry or you're relying more on that company's product.

 Was that the problem that caused the company to flop? And next time, improve that mistake and buy the shares with caution. In this way, when you reduce your mistakes, one day it will come when you are able to buy good shares continuously. Not much if you've got only 10 stocks that have been 100 times, you'll be able to make good money.

Stock Prices are not top priority:

Suppose you should be told that there are a 10,000 mobile phone, will not take it? You will immediately say how do I take it, tell me something about that mobile?

What are the mobile model, RAM, screens resolution, battery backup etc. When we want to know all about it before buying everything, why doesn't it happen to the stock?

Why when it comes to sharing, first of all, we ask, what is going on?  The price of that share does not mean anything unless we know what the quality of the company is?

 How weak or how strong are the company? Who are in his management? What is his balance sheet? Annual Returns? What are her Future Plans? Etc.

Only when we know all these are the value of that share price. Only then can we predict whether the shares are getting cheaper or costlier?  Without knowing all this, we all make a mistake that whenever a share name comes, we ask what is the price? First you should read about that company and then decide something. The price of any share says nothing in itself.

Start Early:

It is very important, as soon as you can start, especially young people think that we don't have much money now, I can save 500 or 1000 rupees a month. No matter how much you are able to save, it is necessary to start.

The less money you get started, the more mistakes are in the beginning and you learn from those mistakes. If you have less money, you will also feel less pain of making mistakes.    This is the best time to start investing in our country, which today our countries are zero Brokerage brokers who do not take any commission from us to invest from you. For e.g. Zerodha or Upstox, I use Upstox myself. If you want to open your Account in Upstox, click here.

If you want to invest in mutual funds, applications like Grow or Kuvera are available that let you buy Mutual Fund without any commission. That's why you start to invest as quickly as you can. Mr. Warren Buffet, the world's largest investor, has been investing since he was 10-11 years old, making money by selling newspapers and coke bottles and investing his savings in the stock market.  He always finds good companies, and holds it for several years.

And finally, I would like to say the most to you, you can invest your small savings (Saving) in buying stock market shares or in mutual funds. But just as you have to learn to drive first and practice it to drive. In the same way, you need to learn your money before you invest, so first of all, you should be the goal to learn about investing, then say your sweat earnings and get profits|

Why Stock Market?



The different kind of investment available today after you save some money aside are as below:

1.      Fixed Deposit in Banks and Financial Institution

2.      Mutual Funds

3.      Gold or Gold Deposit Scheme such as Sobranie gold bond.

4.      Government Bonds and Debentures Schemes

5.      PPF(Public Provident Fund ) Scheme

6.    Real State

7.      Stocks and Shares

 

Every Individual wants to make more money with the help of money he already has. The process of making money out of money is known as Investment. Investment is the commitment of funds in an asset or financial instruments with the aim of generating future returns in the form of interest, dividend or appreciation in the value of the instrument. Investment is involved in many areas of the economy, such as, business management and finance no matter from households, firms, or Governments.

 

Usually Investment is confused with the commitment of funds for gains only hence risk and duration of investment is ignored. Funds used for gambling, speculation also are committed for gains but these cannot be termed as an Investment. Investment is a process where an individual carefully analyse the various investment instruments available in the market defines his risk profile and then matching these two take the decision to put his money for a longer period to earn returns.

 

An investor has different investment options to choose from, depending on his risk profile and expectation of returns. Different investment options represent a different risk-reward trade off. Low risk investments are those that offer assured, but lower returns, while high risk investments provide the potential to earn greater returns.

 

Hence, an investor’s risk tolerance plays a key role in choosing the most suitable investment. Various investment options available are Bank Deposits, Commodities like Gold, Silver etc., Post Office Savings Schemes, Public Provident Fund, Company Fixed Deposits and Stock Market options like Bonds and Debentures, Mutual Funds, Equity Shares etc., Of the various types of investment options in the Stock Market, Gold Exchange Traded Funds (Gold ETFs) happens to be one of the best options to be included in the portfolio for diversification of risk.

 

IThe biggest mode of investment is the stock market in which most of the people are willing to invest. But due to lack of knowledge, some of them not get a proper start.

 

As like, before driving a car we have to train ourselves and also do practice to drive a car. Similarly in the stock market before investing we should know properly how to invest in the stock market.

 

Stock Market is the place where a businessman can collect money for their business. In 1602, the world’s first Stock exchange market was developed in Amsterdam. People can purchase a share of the company in the stock market and become its part-owner.

 

The growth of the company increases its share price. So when the company get success it provides profit to its company, their investors, give jobs to people and pay tax to the government. Investors become part of the success story of a company and earn profit by investing in them.

 Among all the other mode of investment, historically it has been found that Stock Market always give a huge return on investment over the long run and when the money is compounded.

If you buy the share/s when the prices are hight and sell them when prices are low as market always fluctuats, you will be at loss.

 However in the long run, you will always earn good returns if invested intelligenty on the good stocks.

The Key is you need to start the inestment by investing at the low rate of the share price and sell it when the company grows along the way, where the share price increses, you get devident income as an added benifit and a high return, which when invested it provide more yeilds on the amount invested and that is how you grow your wealth.

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