One of my friend who is a Trader & wanted to buy a car.
Goes to the bank for a loan.
Bank guy asks: "What work do you do?"
"I trade stocks full-time."
"So... no job?"
"No, trading is my work.
Here's my tax paper. 8.5 lakh per year average."
The bank guy looks at the paper. Looks at him.
"We need a salary slip."
"I don't get a salary. I work for myself."
"Then we need business papers, GST..."
"It's not a business. It's trading. Capital gains."
Long silence.
"Sorry, sir, we can't give you a loan. No proof of stable income."
And his friend works in a call center. Gets 25,000 per month.
Got the same loan in 4 days.
He makes 3 times more.
Can't get a loan.
He bought the car anyway. Paid full cash.
But it still hurts.
The system only understands salary slips.
And treats Stock Market as gambling.
