Along with taking notes and trying to get equipped with information about BSE and scrips, I am also working on getting the actual tools necessary for trading. Once again, the geographical feasibility determined my options. I am currently trying to set up all the necessary details for trading online via HDFC. They seem to have a decent website with an excellent knowledge center with an aim to teach the newbies like me. They have a detailed investment portfolio suggestion according to the age bracket (22-30 years). Since I fall in the 1st bracket, here is the suggested investment ratio:
- Cash and bullion: 10%
- Mutual funds equity growth: 20%
- Fixed income instruments: 30%
- Shares equity:40%
And the best discovery of all!! A Fantasy stock exchange for BSE!! Here I can trade virtually and learn from my mistakes without loosing real money. How cool is that?
This certainly gives me a lot of food for thought and future posts! :)
Priyanka S Vaidya
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