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Friday, March 18, 2016

4 Steps for Profitably Investing your Savings

Here are the 4 easy steps:

  • 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.

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