As the long-time business partner of Warren Buffet, Munger has been instrumental in building one of the most successful companies in the world. #1. Munger's first advice is to control your living costs and live a simple lifestyle. #2. Charlie Munger advises people to avoid difficult things and instead focus on opportunities that are more likely to succeed. #3. Munger stresses the importance of being humble and embracing lifelong learning. By being humble and embracing lif

To be rich quickly requires dedication, hard work and a series of sacrifices. Most individuals who have achieved financial success have made these sacrifices. #1: Do not buy whatever you want today - Prioritize financial goals over short-term spending. #2: Do not have relationships with people who have poor mindsets - Surround yourself with successful, like-minded individuals. #3: Do not waste time on mindless entertainment- Time is a precious resource that you can never r

Let’s understand how you can make money in this asset class and achieve your goals. #1: Timing the Market – A Big NO! Time in the market is more important than timing the market. The simplest way to make money in equities is to buy low and sell high, However, nobody can predict when that will happen. So, the aim should be to spend more time in the market, rather than timing it. If you try timing the market, it could lead to making wrong calls and flawed decisions, thus erodi

#1: Look for stocks with strong earnings growth : The key to making money in stocks is to invest in companies that have strong earnings growth. #2: Follow the market's major trend : To minimize risk, follow the market's major trend and only investing in stocks that are in uptrends. #3: Use technical analysis to identify buy and sell points : Using technical analysis to identify buy and sell points in individual stocks. This involves analyzing price and volume patterns #4: Cu

Inflation is usually bad for the stock market as people spend less and move to safer assets. However, some sectors like consumer and essential goods stay strong. People always need food and daily-use items, so such stocks often remain steady even in tough times.

Momentum trading is one of the strategy mostly followed , but how to identify the stocks that are going to give bullish momentum..simply with volume. Volume is one of the best indicator mostly ignored by lots of traders , But when to use the volume, can we use the volume indicator alone..? It is always better to use volume along with bullish candle stick patterns like consolidation break out and uptrend supporting the volume and cup and handle break out , Flag Break out , and

Technical Analysis will use past historical data to predict the future , with the technical analysis we can understand market mood and behavior based on current price range and volume. But these days there are so many indicators and patterns , there is no need to learn all these at first there are some basics every investor must know like what is Support , Resistance , Exponential Moving Average ,Trend lines, Golden cross, Death cross, Fibonacci retracement and basic Candle s

Knowing their Risk appetite is important yet ignored by most of the investors because they may not know how to asses their Risk appetite, so let us discuss which factors influence individual risk appetite. First of all know the importance of risk appetite, most of the times we hear that Investment in stock markets are subjected to market risk, but do you every wonder if it is risky why still people able to earn profits , because they risk proof their portfolio, knowing the r

Not just middle class investor also retails investors who recently started investing tend to lose money because of not learning lessons on time. Below are the some common reason why middles class investors will lose money. Focusing on Quality rather than quantity: Because of middle class mentally we feel like buying 100 rupees stock will give more return than buying 1000 stock , but for example if our investment amount is 50000, 10% on both stocks will be 5000 in both the cas

You can become billionaire by Investing in stock market — When many people started their investment journey their aim will to become billionaire by next year, it is not possible ,you can earn money consistently, start investing to fulfill goals like buying the house or education fund for children or retirement fund. Investing in stock market is too risky — One should not invest in stocks market because it is like a gambling, you can loose all your money, it is partially true