Best Monthly Income Schemes:

You can earn a decent monthly income after your retirement or even before it by investing your earnings into securities.

They are Post Office Senior Citizen Schemes, Systematic Withdrawal Plans, Bonds, Fixed Deposits, etc. You can obtain a brief description of them in the coming up paragraphs.

1. Post Office Senior Citizen Scheme:

Post office runs a monthly income scheme for the senior citizens who have attained 60 years and above. The scheme awards an interest rate of 8.0 percent with effect from 01.01.2023.

You can deposit anytime in the months of 31st March, 30th September, 31st December in a year and the interest will be payable on 31 March, 30 June, 30 Sept, 31 December.

You can open an account and deposit in the multiples of INR 1000/- and maximum deposit amount is INR 15 lakh. You will be provided a benefit of section 80C of Income tax act 1961.

Important Note:

You are advised to claim the interest payable every quarter and in case you fail to do it, the accumulated amount shall not attract any additional rate of interest.

You can seek your interest through an auto credit into a savings account at the same post office.

You can attempt premature closure, account closure on maturity, and even extend the existing account.

The senior citizen scheme is for a period of 5 years and if you intend to close the account the scheme will apply a penalty and let you close the account.

Within one year of account opening, you will have to forgo the interest paid from the principal amount.

If you are intending to close between one year and two years then you will have to forgo 1.5 percent from the principal amount.

If you are willing to close the account after 2 years and before 5 years from the date of opening then before the scheme is closed down the Post Office will deduct 1 percent from the principal amount and the balance shall be remitted to you.

You can extend the account for a period of three years and such an extension is possible within one year of the maturity date. You will be provided with an interest rate that is applicable on the date of maturity.

2. Systematic Withdrawal Plan in Mutual Funds

Systematic Withdrawal Plan, SWP can provide a regular flow of income from the mutual fund investment. Experts say it to be a wise investment because the fund can be redeemed easily, and the withdrawn fund is not taxed at the source.

Careful planning of the withdrawal funds can help you in skipping the taxation. You can withdraw the gains ( dividend) and retain the invested capital and likewise you can benefit from it.

You can make fixed withdrawals from your investments monthly, quarterly, bi-annually or annual basis.

You may have your investment of mutual funds in debt funds/equity funds, or a combination of both. The tax implications differ and are dependent on the nature of funds.

3. Bonds:

Bonds are issued by entities such as Central/State governments/RBI/banks/corporate and the investors loan the money at a formal rate of interest for a specific duration of time.

State/Central Government Bonds:

There are several kinds of bonds made available for you and they are treasury bills, cash management bills, dated government security, fixed rate bonds.

In addition you can obtain floating rate bonds, zero coupon bonds, capital index bonds, inflation indexed bonds, bonds with call or put option, special securities, strips, sovereign gold bonds, SGBs.

State Development Loans (SDLs):

These loans are preferred and issued by the state governments to meet the budgetary requirements.

RBI does the regulatory operations and this security is released in the markets for every 2 weeks. However, you can notice that the interest rates of the SDL are higher than dated government bonds. The interest rates are mentioned only at the time of auction.

Government of India Saving Bond:

In 2018, the government of India released GOI saving bonds at a rate of interest @7.75 percent which was earlier at 8 percent on saving bonds.

These bonds can be held by individuals, minors under legal guardianship, and with the hindu divided family.

The bonds are taxable under the Income tax act 1961 as per the income tax slab rates. You can make the investment in multiples of INR 1000.

4. Bank fixed Deposits:

Another financial institution that provides an income on your investment. The banks irrespective of public sector/private/cooperatives attract you by offering fixed rates of interest for different tenure. It could be for 45 days, six months, one year, and above.

These fixed rates of interest keep changing and banks are expected to operate as per the regulations set by Reserve Bank of India, RBI.

Fixed deposit interest rates differ from small finance banks, private sector banks, and public sector banks. In addition, you can also opt for a tax saving fixed deposit.

To illustrate an example, fixed deposit interest for small finance banks for 1-year/2-year/3-year tenure are in the following manner, AU Small finance Bank( 1-year, 6.10: 3-year, 7.75: 5-year, 7.20).

Fixed deposits in private banks such as Axis bank for 1-year, 3-year, and 5-year are likewise, Axis Bank (1-year, 6.75 : 3-year, 7.00: 5-year, 7.00).

Fixed deposits for public sector banks for 1 year, 3-year, and 5-year tenure of Bank of Baroda are as follows. (1-year, 6.75; 3-year, 6.75: 5-year, 6.25).

Banks also provide fixed deposit tax free for citizens and senior citizens too. For instance, AU Small Finance Bank ( General Citizen, 7.20: Senior Citizen, 7.70).

Advantages of Fixed Deposits:

You can have guaranteed returns on investment, and as your investment is invested in debt markets your capital is protected.

In addition, you can have a tax deduction under section 80C, seek a loan against your fixed deposit, and even acquire credit card against fixed deposit.

Groww YouTube Channel

Groww is a company involved in discount online brokerage that conducts stock market businesses and enables you for a mutual fund investment.

Yes, Groww is an investment platform with a motive to function in a simple and transparent manner.

The company holds a strong position in YouTube and you can view every important stock news, analysis, and produce educational information with a high level of research.

Moreover, it is considered to be an educational channel discussing several investing concepts for you.

You can click the Groww YouTube icon made available on the bottom of the homepage of Groww and it shall lead to the YouTube web page of Groww.

The company holds a huge subscription figure of 1.98 million and you can learn various kinds of investing principles in Intraday, futures and options, mutual funds, etc through the YouTube videos put on display.

Best Indicator for Swing Trading:

Influence of Price & Volumes in Swings:

Being a short term trading, swing trades can reap you good returns and your investment that may last from few days to few weeks.

Before you make an investment, you will have to understand the volatility, price variations, and volumes of stock movement in the trading sessions.

As your swing trades mainly depend on the price and volume of the stocks you need to thoroughly understand several aspects of the buying/selling on charts, check to proceed when a stock is overbought or oversold.

If you are intending to buy a stock then you need to know the strength, trend and the level of interest of the investors in stock activity day in day out.

Some of the technical indicators help you address entering/exiting of the stocks in your short term swing trades.

Moving Averages:

It defines the direction, strength, and volume trends that is an indication to the investors who pay interest in the stock activity in the markets.

Relative strength index (RSI):

You can keep a measure of a stock whether it is overbought or oversold and its momentum.

Stochastic Oscillator:

You can understand the current price position of a stock in respect to its previous high or low.

Support and Resistance:

Due to volatility, the price fluctuations of a stock can be aggressive or sublime.

The graphical representation of a support and resistance in a timeframe relates to two different levels.

support reflects the bounce of a price and resistance shows the break in the rising price trend.

Average True Range (ATR)

As you are aware of, in stock market terminology, volatility is the measure of the price variation of stocks from its mean value.

When you trade in stock markets, you cannot take an advantage over the big stock movements.

However, to obtain the right price of stock, you must be able to measure the volatility of the stock by calculating average true range, ATR.

Average Directional Index (ADX)

Average Directional Index, ADX, is used to identify the trend direction and the stock’s strength. The indicator represents three components, +D1, -D1, and ADX line.

D1 indicates the positive direction, -D1 is an indication of negative direction, and the ADX line does identify the trend strength.

Williams’ %R

Willians’ %R measures oversold, or overbought positions, and the scale is indicated in the upside-down. It is represented in negative values.

In the graph, if the reading shows -20 or more, then the stock is concluded to be in the overbought zone, and it is ready for a dip. Similarly, when the indicator descends to -80 or less, the stock is said to have experienced an oversold zone.

Commodity Channel Index (CCI)

Commodity Channel Index, CCI, which is used for commodity trading is also applicable for the stocks. It is an indicator that represents the different share prices around its statistical mean of a stock.

If the CCI value is low then it means the stock price on trade is below its average price, and for a CCI with a high value, it means the stock price is much higher than its average stock price.

CCI charts variates in a range of +100 to -100. If the stock goes beyond +100 it means the stock is overbought and when it is far below -100, the stock has been overbought.

For stocks that have crossed +100 or -100 will require corrections otherwise it is said to be pending.

Richest Swing Trader in India

If you are aren’t aware of swing traders who have minted huge money then you must have a read of this richest swing trader, Mr. Ashu Sehrawat.

At a tender age of 22, Ashu Sehrawat rose to become India’s leading stock trader, a self made millionaire and his favored trading is swing trades.

Four years ago, Mr. Ashu Sehrawat drew inspiration from his father who invested in blue chip stocks in a ‘buy and hold’ strategy.

Over this period, his passion grew many folds and so did his earning from stocks at the NSE/BSE.

Research in stocks was the foremost activity he conducted every day after reaching home from college.

He further opened his trading account and eventually got involved in the penny stock chat rooms to understand the crux of the stock trading.

The chat room was meant to discuss the ‘buying breakouts’ of stocks and gradually the conversations over the chat room symbolised his trading style.

While executing the strategy, odds favored him and on the call option, the stock trended in opposite directions and his trading account became a debt.

Ashu Sehrawat, understood that it wasn’t enough and progressed to join other blog chat rooms and observed traders like Derrick, Eric, and Phil.

He began to send queries on short selling strategies using private message columns and with the obtained justifications he realised that short selling stocks are good but the prices do not shoot up.

Soon, after drawing conclusions on the short selling techniques, Mr. Ashu Sehrawat initiated the first trade.

He had good closing on the shorted 2000 shares, and the stock pulled back 0.50 paise per share thus could make a profit of 1000 bugs.

Steadily, he began to focus on company’s that weren’t operating well yet continued to generate debt, and their upcoming news.

Ashu Sehrawat, a swing trader, attributes the success to two prime factors, patience, and right selection of stocks that catalyze to make maximum profits.

Learn Stock Market in Hindi

B Wealthy YouTube channel was specially started for non-English traders.

The motive behind initiating the B Wealthy channel is to benefit the non English speaking youth (250 million) by providing all essential information on wealth creation.

B Wealthy YouTube Channel Owner:

The owner of B Wealthy, Swati Kumari, is a YouTuber on personal finance. The Youtube channel of B Wealthy has a subscription of 510,000.

As a Youtuber, you will find Swati Kumari engaging investors by organizing discussion in association with experts.

Swati Kumari discourses and discussions are hosted on Youtube channels and you will wonder to hear her simple solutions to the complicated investment issues.

Through the discussion, Swati Kumari maintains the subject in light air, relates with stories, and innovative ways in making listeners understand tricky problems.

Swati is an expert on personal finance and anchored programmes for Zee Business, CNBC Awaaz (Anchor & Principal Correspondent) and Star Sports (Associate Executive Producer).

Swati Kumari anchoring on complex topics of investment for viewers and the finance show such as Your Money on CNBC Awaaz have blazen the audience. You can view those on the Youtube channel to obtain good knowledge on finance.

You can  view more on the http://www.bwealthy.co.in and find a lot more information on YouTube Channel & their website http://www.bwealthy.co.in/videos