Is share market the best business?
If there was anyone who could do business freely without permission or tension about finances during this lockdown period it was only share market business
If there was anyone who could do business freely without permission or tension about finances during this lockdown period it was only share market business.
As mentioned earlier several times earlier in this column share market is gambling if done without knowledge. To those who do with a definite strategy and technical analysis or fundamental analysis it's a boon.
Especially during this lockdown, it was a booming business even in a falling market for those who do short selling. Generally, in any business if there is a loss or no demand one will have to bear a loss, but traders earn even when price falls.
A falling market also provides an opportunity to earn. Investment required for this business could be as small as Rs1,000 to your maximum limit.
This business can be done from any place. For instance, during this lockdown phase, some people were stuck up in travel in a different location which wasn't their home town. But this business could be accessed from anywhere.
Maintenance cost of running this business is low. There will be minimal expenses like internet charges and power. The best part of this you are the boss of this business. You are accountable for profit or loss to yourself.
Just before getting into this business equip yourself with online webinars. Eminent YouTubers are literally minting money by conducting one-day webinars on weekends.
Some of them have tied up with online educational platforms like Elearn markets.com. Once you enroll you get access to videos related to trading, which can be viewed according to your convenience.
Some of them provide technical or educational support on social media platforms for some months even after the course.
You can exit this business anytime you want. It's a five-day week business. If you pay your taxes regularly from the income earned by trading you don't have any hassles from government officials.
You can run this business even if you are on family trip to a foreign country. You need not advertise your business to promote sales. No credit in this business, so no repayment of loans.
So, do try your hand on this lucrative business opportunity.
(The author is a homemaker who dabbles in stock market investments in free time)