The Beginner’s guide explains the essential steps to invest in stocks
The beginner’s guide explains the essential steps to invest in stocks
Investing in stocks can be a powerful way to grow your wealth over time. It involves buying shares in a company with the hope that the company will grow and perform well in the stock market for the long term, resulting in gains on your investment.
- It's important to start by setting clear investment goals
- Determining how much you can invest
- How much risk you can tolerate
- Pick a broker or be your own stock broker How can you be your own stock broker for your own portfolio?
- You need a clear idea how the financial market works
- Should understand Technical way of approach and Fundamental approach
- when comes fundamental approach we have to be clear in macro and micro economic data
- Industry and company data
- Understanding Financials and predicting future growth
- Money Management
- Understanding Market cycle
- Understanding when to exit is more important than entry
- Diversify your Portfolio
- Prepared for Market Volatility
- Avoiding emotional Investing
- When you enjoy bear market like a bull market then you are ready set to go.
Where to start :
- Start with SIP
- SIP in ETF
- SIP in selective Fundamental strong stocks
- Start analyzing Good companies at a cheap price and give entry.
- Start with long term
- Watch the market for minimum 2 years
- The third year you will see min 25% profit in your portfolio.
- If you can gain min 25% every year move to Short term ,Swing ,Momentum Entry
- 5th year if you are a Consistent and Disciplined Trader, Then Market will give u consistent money.
- There your Journey Begins.
It takes minimum 4 years to begin your journey.
The process is long term. No daily wage will end up millionaire.
No Easy Money concept works in stock market as a beginner.
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