- Open a 3-in-1 account - a combination of a demat account, a savings bank account and a trading account
- Transfer your life's savings into the savings bank account
- Visit some popular online investment boards for cheap small-cap stock ideas
- Buy stocks by the truck-load and get rich in double quick time
Do I hear a murmur of disbelief from blog readers? Are you thinking: He's kidding, right?
Right. I'm kidding. Those are the 4 easiest steps to kiss your savings goodbye.
So, are there any easy steps that one can follow for profitably investing one's savings?
First, the bad news. The answer is: No.
Now, the good news.
There are 4 simple steps that you can follow - but these steps are not easy. They require a certain amount of planning, discipline, patience and commitment.
If you already have a successful career or business, you will know what I am talking about.
If you are still a student, think of the way you have progressed in your studies towards a career.
There are no guarantees - in life, or in investing. Most successful investors will readily admit that a large dose of luck is required to get rich.
But the 4 simple steps will definitely help you to turn a tidy profit from your investment portfolio.
So, without further ado, here are the 4 Steps to Building a Profitable Portfolio.