Do you play the stock market

hemanthisgreat · 24th October 2008, 15:45

Quote:

Originally Posted by tsk1979

I guarantee that the sensex will not fall by a single point on tuesday. I am willing to bet on that

Why, because its closed that day

SLK · 24th October 2008, 15:48

Quote:

Originally Posted by tsk1979

I guarantee that the sensex will not fall by a single point on tuesday. I am willing to bet on that

Haha, I'm with you on that NSE Holidays 2008 | BSE Holidays 2008 | Stock Market Holidays

But what I meant was next trading session, as there is no confidence at this level in the market.

harry10 · 24th October 2008, 15:53

Quote:

Originally Posted by tsk1979

I guarantee that the sensex will not fall by a single point on tuesday. I am willing to bet on that

I will wager on the same

Now am so use to of falling sensex today fall of 900 points seems ok!

bblost · 24th October 2008, 15:54

Can we buy Mutual Funds using a credit card?
Is there any website that allows us to do the same?

I am specifically looking at ELSS funds.

tsk1979 · 24th October 2008, 15:55

Monday FM will step in, sensex will hold stable maybe even rise, Diwali sentiment will prevail
On Tuesday night crackers will be burst in India, and there will be boom boom in American markets(as usual), and Wednesday it will be turn of the the stock market to go "bang bang"

SLK · 24th October 2008, 15:59

Quote:

Originally Posted by harry10

Now am so use to of falling sensex today fall of 900 points seems ok!

Only if it was 900. Its 1070.63

five46 · 24th October 2008, 15:59

It's still a choppy market. It's almost 60% + discounted from it's peak, but it's still unsure that this is the bottom.
In such scenario, IMHO it's wise to accumulate on every dips, frontline/blue chip stocks you always wanted to buy. Buy in small quantities at every dip.
Remember, this is cyclical, this time a bit longer. And when the bulls go berserk (there's still ample time for that to happen), every Tom, Dick & Harry stock'll shoot up.

spadival · 24th October 2008, 16:02

Quote:

Originally Posted by bblost

Can we buy Mutual Funds using a credit card?
Is there any website that allows us to do the same?

Are you serious?? Anyway, AFAIK, there isn't any MF that's crazy enough to offer such an option. You need a demat account + trading account + PAN card proof + some real money to buy MF's in India.

bblost · 24th October 2008, 16:06

^^ Why do you say that?
Its just another means of payment.
If used wisely Credit cards give one a lot of leverage.

hemanthisgreat · 24th October 2008, 16:08

Quote:

Originally Posted by spadival

Are you serious?? Anyway, AFAIK, there isn't any MF that's crazy enough to offer such an option. You need a demat account + trading account + PAN card proof + some real money to buy MF's in India.

I don't think you need demat and trading account to buy MF's. All of these is required only in case of buying shares.

SLK · 24th October 2008, 16:09

Quote:

Originally Posted by bblost

^^ Why do you say that?
Its just another means of payment.
If used wisely Credit cards give one a lot of leverage.

It's a means of payment! not investment. Investing on credit doesn't make sense and would not be an option ever!

bblost · 24th October 2008, 16:14

Please my question is a simple one.
Can I use a credit card to buy Mutual Funds.

Would be great if someone can tell me yes or no.
If yes, which website lets me do that.

Technocrat · 24th October 2008, 16:15

Yes You dont need a trading account for buying MFs

SLK · 24th October 2008, 16:31

Quote:

Originally Posted by bblost

Please my question is a simple one.
Can I use a credit card to buy Mutual Funds.

Would be great if someone can tell me yes or no.
If yes, which website lets me do that.

BillDesk - All Your Payments. Single Location.

I see it as a loophole in the financial system. But its there!

Edit: You'll have to check if it works with CC. I have made payments through CC which were routed through this site but never directly.

Bass&Trouble · 24th October 2008, 16:47

I have been offered rights for a stock I have at a rate which is higher than the current market price! Whats the idea of this? It wont get subscribed to at all, or am I wrong?

View Poll Results: Stocks as a percentage of my net assets are -
0 - 25% -- I'm like the most conservative Indians. I love FDs.	396	32.25%
26 - 50% -- I have a few stocks.	550	44.79%
51 - 75% -- I'm an active trader.	201	16.37%
76 - 100% -- Hey, I'm an i-banker!!!	81	6.60%
Voters: 1228. You may not vote on this poll

24th October 2008, 15:54	#799
bblost Team-BHP Support Join Date: Jul 2007 Location: Hyderabad Posts: 11,008 Thanked: 15,352 Times View My Garage	Can we buy Mutual Funds using a credit card? Is there any website that allows us to do the same? I am specifically looking at ELSS funds.
	() Thanks

24th October 2008, 15:55	#800
tsk1979 Team-BHP Support Join Date: Feb 2005 Location: San Jose, CA Posts: 23,717 Thanked: 22,825 Times View My Garage	Monday FM will step in, sensex will hold stable maybe even rise, Diwali sentiment will prevail On Tuesday night crackers will be burst in India, and there will be boom boom in American markets(as usual), and Wednesday it will be turn of the the stock market to go "bang bang"
	() Thanks

24th October 2008, 15:59	#802
five46 BHPian Join Date: Oct 2007 Location: L-O-S-T!! Posts: 636 Thanked: 714 Times	It's still a choppy market. It's almost 60% + discounted from it's peak, but it's still unsure that this is the bottom. In such scenario, IMHO it's wise to *accumulate on every dips, frontline/blue chip stocks* you always wanted to buy. Buy in small quantities at every dip. Remember, this is cyclical, this time a bit longer. And when the bulls go berserk (there's still ample time for that to happen), every Tom, Dick & Harry stock'll shoot up.
	() Thanks

24th October 2008, 16:06	#804
bblost Team-BHP Support Join Date: Jul 2007 Location: Hyderabad Posts: 11,008 Thanked: 15,352 Times View My Garage	^^ Why do you say that? Its just another means of payment. If used wisely Credit cards give one a lot of leverage.
	() Thanks

24th October 2008, 16:14	#807
bblost Team-BHP Support Join Date: Jul 2007 Location: Hyderabad Posts: 11,008 Thanked: 15,352 Times View My Garage	Please my question is a simple one. Can I use a credit card to buy Mutual Funds. Would be great if someone can tell me yes or no. If yes, which website lets me do that.
	() Thanks

24th October 2008, 16:15	#808
Technocrat Senior - BHPian Join Date: Feb 2004 Location: GTA Posts: 14,813 Thanked: 2,700 Times	Yes You dont need a trading account for buying MFs
	() Thanks

24th October 2008, 16:47	#810
Bass&Trouble Senior - BHPian Join Date: Mar 2006 Location: Bombay Posts: 2,754 Thanked: 124 Times	I have been offered rights for a stock I have at a rate which is higher than the current market price! Whats the idea of this? It wont get subscribed to at all, or am I wrong?
	() Thanks