Posts

Loss in stock market

Where to Buy and where to Sell There is a simple hack to this let's suppose, you buy a packet of bread at ₹40 and you sell it for ₹35 what you have got? A loss of ₹5. Most of the time beginners do this they buy when market looks green and sells when looks red to protect their capital. Lets support Market was at all time high and every stock is showing positive, most of the people think that now that the time when it'll give the profit, but no, market works on demand and supply anything that worth is more than what it should be, would you buy it? Nope. Let's understand this a bottle of 1L water is selling at ₹45 while it's MRP is ₹40 would you buy it? Nope, but let's suppose what if there is a hot sunny day and you are thirsty and you are somewhere where there is no water around? You buy it right? Yes because at that time it is a demand from you to the seller and there's the chance that he'll earn a great amount. Now in the market, when there was a covid-19 p

Earning vs Saving, which is powerful

EARNING Earning money  could be difficult for many but it's practically it's damn easy if you use your expertise at right place and time. Let's guess I'm a good sketch artist and I'm earning from doing 9 to 5 job in corporate company. Will this be going to easy? I guess no. Now let's suppose I'm artist and doing it for someone who will pay me for my work for them now will this be easy? Absolutely yes. Reason? Just because I'm doing what I love to do and earning from that even I'm earning a little less from corporate company 9 to 5 job. Because I'm enjoying the process not the earnings. There's a quote that I heard from 'MBA CHAIWALA ' " Either do what you love or love what you do ". You can also understand this by reading a best seller book Psychology of money 's chapter Getting wealthy vs Staying wealthy .  SAVING Saving money is more difficult than earning it as I asked you to read the chapter of the best seller book.