Sanjeev Nanda – Technical Analysis

Sanjeev Nanda – Technical Analysis

Technical analysis is a method of predicting the share price movements with the help of price graphs or charts. Price movement is the only criteria to predict future prices of stocks in technical analysis. A technical analyst is not concerned with the fundamental strength or weakness of a company, the prevailing economic situation, corporate performance or Government policies.

The realtime demand and supply for a particular stock determines the price of that particular stock at that particular time. Markets are manifestation of human psychology and they are driven by the emotional forces of fear and greed. These emotional forces influence and determine the demand and supply of stocks. Since the traders’ emotions and estimations change continuously for many reasons, the price of stocks will also fluctuate accordingly as per the demand and supply forces. These fluctuations serve as basis for technical analysis to predict future price movements.

Demand for any stock increases if the traders’ hope of profits increase. Supply of stocks increases if the traders’ fear of loss increases. The imbalance in demand and supply forces result in rise and fall of stock prices. Stock prices rise sharply if the demand for stock increases and stock prices fall rapidly if the supply for stocks increase.

Technical analysis is best suited for day traders since day traders are not concerned about the short term, medium term or long term price movements. With the help of technical analysis, a Trader can easily understand the demand and supply forces for a stock, the stock price trend and other factors to exactly predict what is going to happen to the price of the stock within few minutes or hours.

Sanjeev Nanda – Evaluating Costs for Buying a Home

Sanjeev Nanda

 

Planning to Buy a Home

 

Evaluate the Costs:

In order to understand the financial nuances of buying a home, there are a number of things that we need to understand; for eg knowing the various types of costs involved in the home buying process:

• down payment
• closing costs like registration & stamp duty
• equated monthly instalments (EMIs) for home load repayment
• renovation expenses
• insurance
• property tax
• maintenance
• operating expenses

 

Cost fact sheet:

• types of costs as stated above
• higher interest costs due to time over-runs, additional charges by builders and new taxes by the government constitute the hidden costs
• to cover hidden costs, provide for about 25 percent of the cost of a built up area for a ready to occupy home and more than 40 percent for a home under construction
• for meeting home acquisition costs, especially for down payment, save in systematic investment plans (SIP) of balanced and debt funds, besides recurring deposits (RD), depending on your risk appetite and the timing of your home purchase

Sanjeev Nanda – Buying a House

Sanjeen Nanda

 

The Process of Buying a House

1. Deciding to buy a house
   • define your housing needs. Spell out your needs and prioritise them
   • Identify costs. Find out the evident and hidden costs while making the home-purchase
   • Determine your affordability. Based on your savings for your home and the loan you can afford to repay.
2. Getting Prepared
   • Learn the rules. This involves understanding relevant tax and housing regulations
   • Plan your home loan. Get a fix on your home loan needs, the loan costs and plan for it.
   • Risk proof your home. Plan for risk coverages for your life, your house and its contents.
   • Raise the down payment. Tap your savings prudently.
3. Spotting your dream home
   • Collect property information
   • Evaluate appropriateness of properties
   • Negotiate the best deals
4. Getting the right home loan
   • Organize informtion for lenders
   • Shop for the loan; choose the lender
   • Seek sanctioning of the loan
   • Apply for loan disbursal
   • Close the loan process
5. Completing the purchase
   • Set a closing date for the purchase
   • Get the home loan agreement
   • Keep payment receipts and copies of documents
   • Insure your home; enhance life and accident covers
   • Get the title of the property in your name and get the purchase transaction registered.

and…. Congratulations! you become the proud owner of your house…your HOME… easier said than done… ALL THE BEST!

Sanjeev Nanda – Top Stock Market Brokers

Sanjeev Nanda

Top Online Stock Brokers in Canada

You aren’t stuck having to trade with your bank or full service stock broker if you reside in Canada. There are other options.

You don’t have to utilize extremely dated technology and suffer from extremely slow fills. You don’t have to pay an arm and a leg for commissions, when there are much cheaper alternatives available to you.

Here are three very viable options that you should definitely check out:

1. Questrade. Questrade is a great online brokerage that is Canadian-owned and operated (they are based out of Toronto). One can easily vouch for the company. They have always handled questions and concerns in a timely fashion, and their clients are very pleased with their trading software package. Their commission rates are reasonable. and one would never have an issue with downtime or a bad fill.

Questrade has a promotion ongoing in which they will give you up to $50 in free commissions when you open up an account. Take advantage of this promotion by following this link.

2. OptionsXpress – Don’t let the name fool you – OptionsXpress is one of the most highly rated online stock brokerages in the world. Highly recommended. According to their website, OptionsXpress has been voted “best online broker” by Barron’s four out of the last five years. OptionsXpress is a publicly traded company that has been in business for many years. The company proudly serves customers from all over the world, including Canada. Strong customer service and a plethora of different offerings for its customers. Extremely quick account set-up process.

3. Interactive Brokers. Interactive Brokers really started the trend of offering their customers rock-bottom commissions. The company has been around for years now, and is a publicly traded company. Their software package is very bare-bones, but that is a large part of their appeal – they forego the bells and whistles in order to offer their customers the very lowest in commission rates. They charge $0.01 per share, with just a $1.00 minimum. If you are a very active trader who trades 100-500 share lots in most situations, then you will save a small fortune by trading through IB. The company offers an IB “Universal” account, which allows customers to trade over 70 markets worldwide through just one account. Stocks, options, futures, forex, ETFs, bonds – you can do it all through your IB account. Interactive Brokers is very bare-bones, very customizable and very cheap.

Remember – you aren’t stuck with your current broker! Within a week you can be set up in a much better situation – one that gives you much better tools with which to trade and is much easier on your wallet.