TIME TO INVEST...., It is not too late to start your investment for your future.
Investment is something that is considered to be one of the most underrated habit, because people feel that they can learn it in hours, but in reality that not possible. It requires consistent efforts and continuous acquirement of knowledge that makes the habit a bit stronger. There is a huge difference between savings and investment. Savings brings you lower rate of return with verily no amount of risk, but whereas investment brings higher rate of return if a person is ready to take risks. So savings can be done by any individual but when it comes to investment, it requires huge amount of calculations and analysis that takes place. So in this blog we will be discussing about how an individual can start their investment journey from scratch.
Below are the steps that you need to follow before starting your investment journey.
1. Find the source of income that you can invest. In this step you need to have a source of income in which you can use the money to invest. You can start your invest journey with ₹100 and I will myself give you that free Rs.100 to start your investment journey. So I request you to just keep some spare money and at least save ₹100 per week and if you can do even more than that, that's great. So You can start your invest journey by opening a Demat account with any of the broker.
Before starting your investment, You need to know certain terms which I will be explaining it to you in simple words. As I mentioned above Demat account is nothing but Dematerialized account in which you can hold shares in electronic form rather than physical form. So in order to store the same you need to have an account, so you will be opening depository account with any of the brokers which you might have heard a lot about them, namely Groww, upstox, zerodha and many more
You will get ₹100 from me if you just click here and download the Groww app in which you can easily start your investment.
NOTE-----------IF YOU DIRECTLY DOWNLOAD GROWW APP FROM PLAYSTORE, YOU WILL NOT GET FREE ₹100(So download from the given link above).
------------ONCE YOU SIGNUP, COMPLETE THE PROCEDURE AND LINK YOUR BANK ACCOUNT ONLY THEN YOU WILL GET ₹100 IN YOUR GROWW WALLET WHICH YOU CAN
USE THE SAME TO INVEST IN THE STOCKS.*(At least 2days is required to get the amount in your wallet)
HURRYY UPPPPPPPPPPPP...!!! THE OFFER IS GONE END SOONER. HUURRYY AND DOWNLOAD THE APP NOW FROM THE GIVEN LINK ABOVE AND START YOUR JOURNEY OF INVESTMENT.
2. Get to learn the basics of Stock market and how it works. No body becomes perfect when they start something, they grow in the area gradually when they practice it consistently. So the same applies to stock market as well, because expertise doesn't come when you just learn theoretically by watching YouTube videos or by reading blogs but it comes once you put things into action. But before you practice, You need to learn through videos and understand how you can choose the stocks and how to analyze the stats etc...,
The suggestions that I can give it you to follow are: Rachana Ranade, GROWW, warikoo, Akshat Shrivastava and many more.
3. Choose your priority.
Whether do you wish to invest in equity Stocks or do you wish to invest in mutual funds. Once you know the pros and cons of both of them then you can decide by yourself. Here you can know the difference between the both
Click here to watch the video (Switch on the subtitle as the video is in Hindi for those who cant understand Hindi).
4.Once you are clear and certain about the above mentioned points then you are set to go. Start your investment.
If you are still unclear of the steps and confused, I recommend you guys to watch the video. The links will be below
1. Best video for all beginners. click here(video 1)
2. Made for beginners. click here(video 2)
I wish you a very all the best for your INVESTMENT JOURNEY.
"You cant find returns in investments you haven't made" --clayton Christensen.
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