WEALTH CREATION

Oscar Wilde once remarked - When I was young I thought that money was the most important thing in life; now that I am old I know that it is……..

"The primary issue is not whether you want wealth. The primary issue is why you want it." How much money do you have? What’s your net worth? Are you renting or do you own your own home? Do you own a Car? How much money do you want to earn? Do you have these questions in mind?  Go ahead and ask yourself if you are successful. What comes to mind? Be really honest now. The answer is money and what money can buy. I know some of you will argue that money isn’t everything but think of the last time you didn’t have enough money.
We don’t like pain or the slightest memory of pain. So it’s much easier to get comfortable, make a comfortable living and forget about stepping outside of our comfort zone. There is a reason why only 5% of the world’s population has 95% of all the wealth. People are generally lazy. We’ll only do what is necessary to survive and when the need arises, we boost our output to accommodate that wants more. It’s no secret that throughout our lives we have many opportunities to step up to the next level. May be Just last month you failed at an attempt for greatness and vowed, never again Take it from an opportunity, there is no quick fix. If you’re to succeed at anything, you must have the mindset that you will continue to-Do” until it is done. No Period. No turning back. Just keep doing until it is done. Your vision of success should be clear – you should have an unclouded view of what you want to accomplish. You should mentally envision yourself in the role of success that you have dreamed and thought about for yourself. Actively play and replay this mental image at every possible opportunity. Imagine yourself increasing your income to the level you desire. Time and return are both vital factors in accumulating wealth. With a longer time horizon and/or a greater return you will have the ability to save less to meet your goal. The most overlooked, obstacle in a financial plan is the effect of inflation. The constant grinding of inflation will erode the purchasing power of your income by continually increasing the cost of products and services that you have come to rely on. As a result of these increases over time, you will need to make more money in the future to maintain your current standard of living. If you don't plan for it, inflation can have a large negative impact on any of your long-term investment goals. Your bank deposit savings, considering the inflation rate would give you negative to zero net returns. Thus the only way to beat the inflation is through studied investments in stock market. Of course there are risks involved but there is an old adage – No risk No gains. Your task should be to create a basic investment plan that suits you and then stick with it. Investing regularly, automating your savings program and diversifying among various investments are some of the keys to a successful investment strategy. Now start working & also along with you, make your money work. The Markets are currently in a negative zone,& below 5 DMA & 10 DMA, but the bottom is not far off & as tomorrow is an expiry day they are expected to be volatile & the NIFTY may move up to 5709 - 5741 & on the downside may slide up to 5624. SOME SHORT TERM STOCK SELECTIONS FOR 27th JANUARY AMTEKAUTO..........SL........128.........T.......150 AREVAT&D.............SL.........308..........T.......330 ASHOKLEY...............SL.........60............T.........69 BALAJITELE............SL.............36...........T....42 BIRLACORPN...........SL...........320..........T.....365 CENTRALBK............SL.............175.......T.....203 DCB..........................SL.............51...........T........59 DLF..........................SL............253.........T.........280 ESSAROIL...........SL..............127..........T........138 HINDALCO.........SL...............230.........T........252 IDBI....................SL.................150.........T........164 IRB....................SL................213...........T........238 KFA.................SL....................56........... T........67 NETWORK18......SL.............140..........T.......156