How to invest in stocks in 6 steps?
Stock investing is perceived as an opportunity to grow wealth in a lesser span of time than traditional instruments of investment. The stock market entices people with limitless opportunities to generate wealth, both in the long term and in the short term. After all, how many individuals do you know who turned into millionaires by investing in bank fixed deposits? None, right? On the other hand, we all have heard inspiring stories of individuals making moolah from the stock markets through smart investing strategies. Adding the first stock to your investment portfolio may not be as easy as maybe making a fixed deposit at your preferred bank. There are over 7000 companies listed on the stock exchanges in India. You cannot just buy any random stock and expect to get lucky. The market doesn’t work like that, and stock investing must not be treated like a gamble (ever!). There has to be some rationale behind investing in particular stocks. Beginners often are tempted to have their fingers dipped in the stock market as quickly as possible, and in the process, they tend to make uninformed decisions. The idea behind stock investment is to put your savings to work at a quick rate while you are busy with your occupation. According to ace investors, keeping your money idle is a sheer waste of this precious resource. Your money should