Wednesday, November 3, 2010

SETTING REALISTIC GOALS

Setting realistic goal in market is very important. Only realistic goals can be achieved. I remember when I was new in market and I had invested my full 1st salary, that was around Rs. 10000 and I made Rs. 2000 in just 3 days. After that I thought I made Rs 2000 in just 3 days in this way I can make Rs. 20000 per month that is more than my current salary. By thinking this I became so unrealistic and soon lost all my profit and my investment amount too. Than I talk to some market experts and soon realize my mistakes. Than I again started my trading with the determination not to repeat same mistake again. As per expert 30% return per year from your investment is good in market and that can be earned easily. Here is an illustration if you invest Rs 10000 and get 30% return per year at Your investment than you can Increase Your money 150 times in just 20 years.

YEAR

AMOUNT

RETURN 30%


1st YEAR

10000

3000


2nd YEAR

13000

3900


3rd YEAR

16900

5070


4th YEAR

21970

6591


5th YEAR

28561

8568


6th YEAR

37129

11139


7th YEAR

48268

14480


8th YEAR

62749

18825


9th YEAR

81573

24472


10th YEAR

106045

31813


11th YEAR

137858

41358


12th YEAR

179216

53765


13th YEAR

232981

69894


14th YEAR

302875

90863


15th YEAR

393738

118121


16th YEAR

511859

153558


17th YEAR

665417

199625


18th YEAR

865042

259512


19th YEAR

1124554

337366


20th YEAR

1461920

438576