OPEN SESAME

PEOPLE KEEP ON LOOKING FOR TREASURES ALL OVER WHEN ONE IS RIGHT IN FRONT OF THEM . MANY OF US HAVE TURNED THEIR BACK ON ONE OF THE MOST PROFITABLE INVESTMENTS IN OUR TIMES "STOCKS".
HERES AN ATTEMPT TO CREATE AWARENESS ABOUT SHARES IN THE COMMON INVESTOR'S MIND , AND SHOW HIM THE PATH TOWARDS HIS OWN TREASURE.

Saturday 21 July, 2007

SOME QUERIES

SOME ONE HAS POSTED A QUERY ON MY BLOG AND I AM NOT ABLE TO REACH HIM BY ANY MEANS SO I AM TRYING TO ANSWER HIM IN THIS POST,OBVIOUSLY IT WILL PROVE HELPFUL FOR OTHERS TOO.

THE QUESTION HE/SHE ASKED WAS " WHAT IS A CMP ? ".
HE HASN'T GIVEN THE EXACT REFERENCE BUT IN GENERAL CMP MEANS CURRENT MARKET PRICE, IN OTHER WORDS IT THE PRICE OF THE SHARE AT THAT PARTICULAR INSTANT. NORMALLY THE TERM LTP (LAST TRADING PRICE) IS USED IN THE SAME CONTEXT.

I AM USING THIS OPPORTUNITY TO ANSWER SOME QUERIES MY FRIENDS HAVE RAISED DURING OUR CONVERSATIONS.

1. ONE OF MY FRIEND ASKED WHETHER MONEY PAID WHILE APPLYING FOR AN IPO IS DULY RETURNED IN CASE OF NON-ALLOTMENT OF SHARES

THE ANSWER IS A DEFINITE 'YES'.
YOUR MONEY IS RETURNED CENT PERCENT,THE TRANSACTION BEING CARRIED OUT BY CHEQUE OR ECS IS A REGISTERED TRANSACTION AND SO NO ONE CAN DUPE YOU IN THE SAME.

2.IF I HAVE AN ONLINE ACCOUNT WILL I GET PHYSICAL COPIES OF THE CONTRACT NOTES ?
NO,YOU ARE MAILED THE CONTRACT NOTE NAD THERE ARE AVAILABLE LIFE LONG ON YOUR PORTAL FOR YOU TO COPY AND PRINT THEM ANYTIME.
THE BSE ANS NSE DOES POST YOU THE MONTHLY STATEMENT OF YOUR ACCOUNT.

3.DO I NEED TO PAY TAX ?
YOU SURELY COME UNDER TAX AND YOU CAN'T INVADE IT AS ALL TRANSACTIONS ARE THROUGH CHEQUE OR CASH ONLY.
INTRA-DAY ATTRACTS 30% TAX ON PROFIT , SHORT TERM DELIVERY 10% WHILE LONG TERM DELIVERY IS TAX FREE.
EVEN THE DIVIDENDS ARE TAX FREE.

BUT I WOULD LIKE TO SUGGEST YOU ALL TO KEEP THE THOUGHT OF INVADING TAX OUT OF MIND,BECAUSE IT IS CRIME.

4.WHICH ARE THE HOTTEST SECTORS CURRENTLY ?
CURRENTLY INFRASTRUCTURE,METAL,CEMENT,ENTERTAINMENT AND MEDIA SECTORS AS GOING VERY WELL.



FEEL FREE TO SEND YOUR QUERIES ON belose_sanket@yahoo.co.in

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