If you want that you should get some instant gains, then you should keep yourself informed. You need to learn the ropes of stock marketing. You should try your hand at investing in stocks. You have no idea how people are turning out to be really rich through their prudent and calculative strategies in stock market.
You can always know about all the shares like irctc share price or the price of other shares once you look forward to invest in it. If you are not sure about getting into this fluctuating world then here are some reasons for you to get started.
Keep pace with the inflation
Inflation is something that is defined as a state where the costs are rising and the value of purchasing power of money gets decreased. Inflation emerges in an economy once there is an expansion in the complete amount of money. In general , inflation is not something that a common person desires for.
Have a quick example of this for your better understanding. Just imagine you have rs five lakhs in your account and you look forward to purchase a vehicle that even costs five lakhs rupees currently. However, you simply changed your plan and mind and you deciding to buy the vehicle next year, and saved your money in the savings account.
Here, the bank is offering you a decent interest of three point five percent pa. Now, just jump onto the next year. You went to the bank and returned home gladly with your money that has turned out to be rs five point seventeen lakhs now. And then , yeah, you visited to the car showroom. But then you get the heart breaking shock.
The cost of that vehicle that you wanted to purchase has now risen to rs five point five lakhs. The vehicle that you might have conveniently purchased last year, is now not at all affordable for you. It is known as inflation and it stands true for all other things like groceries and more.
Inflation is more than savings
The inflation in the country like india for the last couple of years has been somewhat nearly four to five percent. However, return on the savings account (interest rate) is somewhat nearly three to four % per annum. Hence, your saving account cannot simply surpass the inflation.
The point is in case you want to beat inflation, you must invest your money smartly and wisely in high-return investment instruments. And the stock market is definitely the perfect place for intelligent investors. In case you purchase stocks of good companies, you may make a decent consistent return of even twelve to even eighteen percent per annum relying on how great the stock is and how much duration you invested in selecting the stock. Hence , investing in the world of stock market is any day better than other options if you wish to get ahead of inflation.
Conclusion
So, whether you want to know about the irctc share price or share cost of any other share in the market; explore and know about everything for making a smart move. Check out 5paisa for a quick understanding of everything you wanted to know.
