Hi friends is near any process to become corepati contained by 1 years by useing 1 lac?
are you have any thought please sayAnswers: if you trade surrounded by call & put within F&O market of NIFTY and adjectives your trades are profitable than...
may be
B+ve
take suggestions frm
Bunty & bubly
But iwill not recmnd to do so
You cant fashion it
Is it wise to deposit your extra money in the bank? WHY?
Answers: That depends on what other options you're considering. It's wiser than keeping it in a box under your bed for two reasons:
1) It can't be stolen by thieves breaking into your house or burned up by a fire.
2) The bank pays you interest on the money. If you keep $1000 at home for a year, you'll still have $1000 (but the cost of things will have gone up, so you won't be able to buy as much with it). If you keep $1000 in the bank for a year, you'll have more than $1000 (maybe something like $1040 depending on what interest rate the bank pays).
After you've saved enough to cover about 6 months of your living expenses, I would say that it is not wise to put any extra money in the bank. Bank interest rates are low and, after taxes, might not even keep up with inflation. For money that isn't needed for a few years, I think stocks are the best place to invest it. Historically, stocks have a higher return over the long-term than any other investment class. For people with limited understanding of stocks, I think that a mutual fund based on a stock index like the S&P 500 or Russell 2000 is the best way to go.
NO because it is not profitable
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It's a good idea to put money in the bank if you don't want it to be stolen and if you want to make interest. If you don't have much money it might not be worth it, especially if the bank charges fees.
Basically the only time you don't want money in the bank is when you fear a depression or economic collapse, any other type of disaster. Because when everyone rushes to the bank to withdraw their money, there won't be nearly enough to go around.
No, because economically speaking, you don't make money from putting money in banks thanks to inflation and taxes. You do not use banks to make money, you use them to store reserves for the short term, conduct transactions (i.e. writing checks), and borrowing money.
How are exchange rates calculated? why is a US dollar priced differently than a Euro or a pound sterling?
Answers: This is a simple question with a very complicated answer. Entire books have been written on the subject. The rates of various currencies are affected by supply and demand for the currency, the operation of the central banks, the state of the economy, the balance of trade among countries, the amount of surplus or deficit of any particular government or economy, and other factors. To go into more detail would simply take up too much space here.
basic fundemental economic principles.. ie: euro is more valuable than the dollar so its priced around 1.45. the aggregate european economy is in a better state than the US so people would rather have their money over there, however there is limited supply to meet this demand, the price is bid up.
there is a lot more that goes into it.. but this is the simplest way i can put it.. plus im still learning that stuff myelf..