PM [3962]
Rank : Newbie
Status : Member
[PM 1]
Rank : Helper
Status : Super Owner
#2
@Arun Do you invest in share market? Which company?
[PM 87]
Rank : Newbie
Status : Member
#3
I invest in share market, recently purchased dmart and bajaj finserve shares.
[PM 1]
Rank : Helper
Status : Super Owner
#4
@a2zgk How did you purchase? How much minimum cost does it has?
[PM 87]
Rank : Newbie
Status : Member
#5
@Mr.Love
You need demat account in order to purchase shares.
There are many discount brokers available in the market. I personally like zerodha (which takes 200 rupees to open a demate account) you can go with free brokers too e.g grow or angleone.
Minimum cost is depend on the share you are going to buy e.g you can find shares from 1 rupees to 90k e.g. i purchased dmart share which cost approx 3600 at the moment.
--------- Post edited by - a2zgk-----------------
1 ❤:
Mr.Love,
[PM 1]
Rank : Helper
Status : Super Owner
#6
@a2zgk do you get profit or is it loss?
[PM 87]
Rank : Newbie
Status : Member
#7
Im currently getting 2% profit, few months back I'm getting 12% profit but due to russia vs ukrain and inflation my return % is getting low. Although I'm a long term investor so i don't care about the short term up and down.-----------------
1 ❤:
Mr.Love,
[PM 1]
Rank : Helper
Status : Super Owner
#8
@a2zgk I think during emergency situation it is better to draw the cash from share and reinvest when economy is again balanced. Is there any difference for a long term investor?
Suppose 'Arun' invest 5000 Rs on 1 Jan 2022 and his share now worth 5100 Rs with 2% profit.
Sanu invested 5100 today, suppose the profit is 1% after February 1.
Arun's share value = 5000+1% profit = 5050 Rs.
Sanu's Share = 5100+1% profit = 5151 Rs
Isn't it correct?
My doubt is whether it is like compound interest or normal interest?
[PM 87]
Rank : Newbie
Status : Member
#9
Yes, it's based on compounded. But for getting the compounded returns you have to invest for long term, i.e minimum for 5 or more years.. coz in this time interval a good company easily doubled your invested amount, gave you dividend and some corporate actions (split + bonus) etc.
Just for an instance any person who purchased 100 wipro shares in 1992 the current number of shares in his account is more than 1 crore as wipro gives 15+ bonuses in this interval and with just 1 rupees divided he gets 1+ crore in his account. So this is the power of long term and compounded interest.
--------- Post edited by - a2zgk