Soon after the “Scam 1992: The Harshad Mehta Story” web series rolled out on the internet back in the Covid-19 era, most people started looking forward to the stock market differently.
Investor Intro:
People have been getting inspiration from the great ace investors, which includes the likings of Dr. Radhakishan Damani, Lt. Mr. Rakesh Jhunjhunwala, and many others. But getting into the stock market had never seen this craze that came post-2020.
Unlike trading, investing in the stock market is an entirely different game.
The Game:
The game of patience and perseverance throughout. In this blog, we will discuss the fundamentals of investing with a step-by-step guide. This can help you start your investment journey with some basic ideas.
Investing:
The term investing basically yields its core meaning as the way of making money out of the assets or cash you already have. Investing could have multiple forms such as a business investment, a fixed deposit, a recurring deposit, a real estate investment or the talk of the town, the stock market investment.
Our major focus today would hover around stock market investment and ways by which you can get into it.
Journey:
Starting your journey into investment initially requires you to have a dematerialized account or what we call a Demat account. Once you have your Demat account with a broking firm, let us say XYZ. After that, you can start your stock market journey. But wait, is there a way to get into investments without Demat accounts? Yes, of course, but we will cover that part of the story later.
Ready to Be an Investor?
So, once you have your Demat account opened [Click here to open Demat Account now] and ready for investment, all you need is to pick the penny stocks and pray to the lord it becomes 10x or 100x in a week or a month. Just kidding! Jokes apart, here comes the real challenge, now you must pick up the right stocks out of several options available to have them in your portfolio, which would give you some returns on your investment which we call ROI in financial terms.
It is always a tough nut to crack when it comes to building your portfolio. Sometimes, people try to copy someone else’s portfolio without analyzing the risk factor and risk-taking capacity. One must realize their abilities to cope with the amount of risk they are ready to put into their investment stocks.
The Real Investor style:
- The magic of investment always lies in the long-term, it is more of a wealth creation process which is slow and steady. But not all portfolios can help you create wealth without a basic understanding of the fundamentals. For a working professional, it becomes even more difficult to sit and start managing things in the stock market by going through the technical and fundamental aspect of the stock.
What’s the option then? - There come the Mutual Funds into rescue, which has some experts sitting and deciding the portfolio. All you need is to invest with complete dedication towards it. These mutual funds are categorized under various categories, and we will discuss them in detail in another article.
The journey of the investor and the obstacles would continue with more details. Do let us know your views and areas of interest in investment. Part-II is out now, do click here.
………….to be continued!!