Do Not Believe In Huge Profit SMS

Look at this SMS I got yesterday:

Do Not Believe In Huge Profit SMS

Do you think what the person who sent this SMS is telling the truth.

1 Lakh to 5 Lakh in one day. Here is some compounding for you. In one year there are 250 trading days approx. Forget that lets take average of just 22 trading days in a month. Lets forgte that also – lets see what one lakh becomes in just 10 trading days:

= 1 –> 5 –> 25 –> 125 –> 625 –> 3125 –> 15625 –> 78125 –> 390625 –> 1953125 –> 9765625

Rs. 97,65,625.00 Lakhs or 9765625*100000 = Rs. 97,65,62,500,000.00

That’s Billions of Rupees in 10 trading days only. This will make him the RICHEST PERSON ON EARTH IN 10 DAYS.

Then what is the need to send this SMS to me?

I hope you are educated enough to understand that its better to DELETE such SMS. Do not fall prey to such unsolicited SMS or calls.

What to do if you get such unsolicited SMS or calls

SMS – Do not even waste time in reading – just delete such SMS.

Calls – This is what I do. They ask me if I do stock market trading. My reply – WHAT IS STOCK MARKET TRADING? Next second they keep the phone down. If they do not keep their phone down I also do not and make sure their telephone bills escalates. After 2-3 minutes of marketing when they do not get a reply from me they have no other option but to keep their phone down.

What is possible in stock markets?

Your first target should be to BEAT INFLATION & MUTUAL FUNDS RETURNS AFTER PAYING TAXES and compound your profits. Average mutual fund return is 15% a year. So if you make more than 20% a year (1.6% a month) – you are a good trader. Above 25% a year – excellent trader, 20% to 10% a year – average trader, less than 10% a year – STOP TRADING and learn. Making losses in trading – YOU ARE KILLING YOUR FUTURE AND FUTURE OF YOUR KIDS.

What is possible in stock markets?

Warren Buffett – Goes on to become the richest man on earth.
Rakesh Jhunjhunwala – One of the richest stock trader in India.

I agree we all cannot become like them but AT LEAST WE CAN MAKE A GOOD AMOUNT OF MONEY TRADING IN TEN YEARS.

And this is possible with 2-3% a month. Read what 3% a month can do your your trading account.

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