Hope you are doing well. Today I am going to talk a little bit about the purpose of starting this blog first. This blog is for young people, the Gen-Y. Why so? That’s because you guys have zeal to do something new.
When you go to a shop and see a nice gadget or costly jewellery you feel like buying. But every time you do not have money. Thus you comeback empty handed with a heavy heart.
Here you see ways of making some quick cash from stocks to finance your purchases. You may buy on EMI and pay that off from your stock trading income.
This is what I call the fisherman’s strategy. You do not get into the water with a net. Instead you sit with a fishing rod. You track the big fish and after hours of waiting catch it. In our situation the fish is a stock which you initially choose from the portfolio of a high performing mutual fund. After that you track it on the charts and whenever my 3 filter strategy is met you just swing it out of the water. Today you need not sit in front of the system all day long. There are websites and apps that will simplify your work. They will help you to be at the right place at the right time.
Below I have shown you a portfolio of an awesome mutual fund – Tata Equity P/E Fund – Regular Plan (G). It’s 5 years annualized return is 27.8%. Pick up the top guns from its portfolio.
This again is not country specific. Every country has a stock market and they have good performing mutual funds. So no matter wherever you are, try this at home.