How to choose the right broker agency for yourself ? #3

-
There was a time in India almost 5 years ago when there were only a few broker agencies present in India, But right after the onset of Cheap Internet and Data Packages, we saw the rise of many Broker Agencies competing with one another by reducing their charges and giving discounts and many attractive offers.
now the Question is how to choose your broker, the answer depends upon your requirements if you are a defensive Investor and you are Investing with a mindset of Investing for the next 5-20 years of time, you can rather open any sort of Well established trustworthy Demat Account, and you should not really be worried about the Brokerage charges ,Rather you should choose an agency which has multiple Business(e.g.: HDFC,Axis)
But if you want to open an account with the mindset of trading and you do not wish to keep your money invested with more than a year in any stock, you should choose to open an account with the broker agency which provides with least amount of Brokerage charges(No more than Rs 20) and it also gives you easy access to I.P.O.'s. eg:-(Zerodha,5 Paisa).
Apart from the brokerage charges also remember that with Trading you need to do a lot of technical Analysis, you can either take the advantage of other free to use Websites like moneycontrol.com, investing.com ,etc. but if you find a Brokerage house which provides you with Technical tools that you wish to use then that would be a better strategy for your trades.

Also,Always have seprate demat accounts for Investments and Trading for better tracking of your Money:Rakesh Jhunjhunwala. 

Comments

  1. Sachin Gupta25 February 2022 at 22:47

    Really so nice blog and this types of content or article very useful for investors because it has lots of information about stock market..
    DLF share price

    ReplyDelete

Post a Comment

Popular posts from this blog

Mutual funds? "Sahi Hai" ya "Scam Hai"

-
Mutual Funds are the schemes put forward by various Investing Agencies who wish to invest your Money in a Highly Diversified Portfolio. If you are unable to decide which companies to invest in to get consistent returns that’s when mutual funds come into play. But are they really useful? Well the answer to this question depends on you, Let’s consider a few scenarios. You want to Regularly Invest a very tiny amount of Money and don’t want to take the burden of choosing the right stocks, well then maybe mutual funds can Work for you. You want to invest a Heavy lumsum amount but are unsure whether to diversify your Portfolio yourself or invest in mutual funds; In this case it is definitely better to make your own portfolio. How mutual Funds work, well the simple answer is that the these so called Giant Financial Institutions take your money and Further Invest in stocks of Your Choice, and when they do most of such Institutions really don’t care whether your money will grow or los...
Read more

Where to Invest in Indian Stock Market? #2

-
Stock Markets have always been and will always be the easiest and most efficient way to enter Any Business of your choice,yes when it comes to start a new business you will have to do a lot of of work from arranging the Infrastructure to hiring the employees, this is when stock market gives you the opportunity to acquire a part of any great Business or Startup without taking the pain of working and let your money do the work. Now when it comes to picking the right stock in the share market,always follow these strategies before investing in any company.  Make sure the sector /not a company(e.g ;Auto,F.M.C.G) you are investing has a large future global/local market ,don't just invest for the sake of investing always pick the stocks that YOU UNDERSTAND about, whether it be Auto,F.M.C.G, R&D or whatever. Always look for the competitors of the company you are investing in, its always great to have your money invested in a company whose products are monopolistic type, don'...
Read more