Posts Tagged ‘careful’
Online Investing – Be Careful What You Buy
Online investing can be both fun and risky. With a market the last few years it is in a rural roller coaster ride for many investors who have been trying to make money online. This article will look at a few benefits that you will gain by using an online investment site.
With every upside there is always a down side also. The upside can be very advantageous – this is true when it comes to investing in stocks or other markets. The biggest advantage to using an online stock trading site is the fact that you can invest or make trades for very few dollars per trade.
Low cost
The average trade will cost you anywhere between four dollars and nine dollars per trade. All it takes is to learn a couple of simple terms. Most sites are very good at educating you on the very basic terms of buying and selling stocks. However because you are doing the buying and selling yourself you are responsible for your trades.
Stay calm and cool
It is always important to stay calm and cool and review your trade before you press the initiate button.
LIC becomes careful on equity investing
Routes large orders through brokerages of public sector entities. Life Insurance Corporation of India (LIC), the largest domestic financial institution active in the equity market, appears to be in cautious mode.
Institutional dealers empanelled with LIC say block deals have become rare. Most large transactions are being done through the brokerage arms of institutions partly owned by public sector entities.
The dealers say the insurance major is playing safe after the housing finance scam. On November 24, the Central Bureau of Investigation arrested eight people, including LIC Housing Finance CEO R R Nair and LIC Secretary (investments), Naresh K Chopra, for allegedly giving loans to private builders after taking bribes.
There is also a buzz that the equity investments of LIC are under the scanner.
“After the bribe-for-loan scam, we haven’t really got any big trades from LIC,” said an institutional dealer with a domestic brokerage empanelled with LIC. “The information that we have got is that it is placing big orders mostly with the brokerage arms of government entities like IDBI (IDBI Capital) and SBI (SBI Capital Markets). It is relatively safer to trade through those entities, given the current environment,” he said.