Amit K Arora

How to make consistent money in the stock market? This is the question and dream of every trader, I will try and tell you some key-points that would be helpful to achieve the above mentioned statement. At first you need to analyze yourself whether you are trader/jobber or an investor in this market. Once you have found out who you are then act accordingly and follow the key-points mentioned. Today, we would discuss about traders or jobbers who do Intraday or Swing trading. 1. Always remember that it is one of the most difficult business and not an easy-peasy money unlike it is rumored. 2. Before and after market hours research and analysis is very important. 3. If you want to be a full time trader you need to know and understand the technical charts and patterns. 4. Remember Stop Loss is not just a word, it is meant to be applied and you should always treat it as your only friend in the stock market. 5. Always remember to book profits, you need t...

Dealing with a medical crisis that afflicts you or your spouse or a loved one is never easy. It doesn’t just leave a scar on your body, but leaves you drained emotionally and possibly even financially. Take a heart ailment for instance, treating which can be very expensive, in the region of Rs. 1.5 lakhs - Rs. 3 lakhs, depending on whether surgery is involved. Now where is a regular family going to mobilize funds of that magnitude in an emergency? So it helps to have a step-by-step guide to take you through the maze of questions and challenges following a medical crisis. Confirm the diagnosis Getting a confirmation of the diagnosis is the starting point of the treatment plan. Then go through the insurance coverage as also your ready finances (money in savings account, short-term fixed deposits, liquid funds) to calculate whether you have the funds to tackle the medical crisis. Insurance plan must have no surprises Make sure your health insurance plan (Mediclaim) ...

  After months and months of deliberation the time has finally come: you have had your eureka moment and consolidated your idea, and the budding entrepreneur in your has decided you are ready to take the plunge and start your own business. The time before you decide to start your own company is perhaps the most exciting in your life. While the world flashes statistics in front of you, about how half of all small businesses fail within the first five years, you have faith in your idea, work ethic and business sense to know that your company will do well. However, before you render in your resignation letter from your “ball and chain” 9-5 job and plunge into the world of self-sufficiency, you need to take a step back, and double check on a few key pointers. Following these simple guidelines will make sure you are part of the half that succeeds. Seek Guidance   A crucial step which several small businesses and start-up owners often forget to take is seeking guidance. But...

We as parents are the role model of our children, we all know that and we are constantly teaching them and helping them find their right path. But what about the basic money matters? Money related awareness and education is very important and should be provided from secondary school itself. Small and practical doses of money matters should be given throughout the school and college life. Here are some of the ways we can teach our kids to be Money-Wise Banking Basics: Teach them about bank accounts, deposit & withdrawal. Also make them aware of the operations and security features of banking. With Summer Vacations just round the corner (try and take your kid to the bank and ask him/her to fill the form for depositing cheque/money) if you have still not opened his/her bank account help him filing up an account opening form and get his account opened. Financial Discipline: It is very important to teach our kids that that there isn't unlimited flow...

"The longest Journey Starts with a Single Step"   Changing our Lifestyle and tweaking it a bit are known to be of a great help for everyone; may that be in terms of healthy diet or reusing the old furniture. Have you ever thought of any hacks to save money? Let's see how money saving hack works: Create an Anti-Shopping List We always create our shopping-lists, why not try the contrary. Always ask these questions before buying: Do I really need it? Can I do without it? Is it repairable? If these questions always remain in mind maybe it will help control the urge of buying and maybe help you think before making a purchase. Confront & Challenge Yourself We don’t really do anything until something provokes or motivates us to do that. Let's challenge our-self then?  A simple challenge: No Shopping Month Restraining yourself from making any purchases in that calendar month no matter how tempting the product looks. ...

Most of us have watched the silver screen beauties Parveen Bobby, Meena Kumari and great actors like A. K. Hangal, Bharat Bhushan. They all had one similarity, they were the most celebrated and highest earning artist's of their time. Ironically, all of them died almost having nothing to their name. Now the question is, How is that possible? Persons with such extremely impressive income levels could die penniless? This is because most of them did not realize the difference between income & wealth. Income , It can be generated by your knowledge & skills but Wealth can be created only with determination, patience and passion. Understanding the relationship between income & wealth Let us take a case of 4 people (A, B, C & D) with the same income level Particulars Mr. A Mr. B Mr. C Mr. D Monthly Income Rs. 50,000.00 Rs. 50,000.00 Rs. 50,000.00 Rs. 50,000.00 Monthly Savings ...