From vision to reality, circumspection is the basic necessity in order to subdue our objectives. We all need proper guidance on innumerable WHYs and HOWs. While implementation and instruction goes hand in hand. Being a college student, if we strive hard from the very beginning, it’s easy to pull off anything. There’s nothing more to it.
WHY DO WE NEED TO INVEST?
We have several goals to attain and for that we can’t let our money idle. If that’s the case, what is the foremost step? It is proper maintenance of Money. This makes up for the importance of investment. How are we gonna do it? We’ve got it all covered.
OBSERVE. STUDY. PRACTICE!
- Before you make any decision, sit and observe the finances you have , especially if you’ve never observed the money you get and the one you spend.
- Next comes up the basic evaluation or the study of the risks involved, time period , amount of initial investment of different areas of investment considering your goals.
- And then comes up the actual action and avoiding the fraud. Don’t be misguided along the process.
Anyway you slice it, these three tiny steps could prompt a huge change. There are people around us who tend to invest their money and grow, so you may be wondering about the areas of importance that’ll lead to the growth of your money.
WHY STOCK MARKET?
Every investment is vulnerable to risks, and students would likely fall prey to them during the early stages. Investment in the stock market gives nearly 7% average return making it fancy. Under the right circumstances, they could be lucrative.
Now based on that, one ought to open a separate brokerage account regardless of the investment platform where you can buy stocks for free and invest. And now there is a big question mark about how and where.
Here are some of the suggestions as to where:
1.Upstox : A broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro Web and Upstox Pro Mobile trading platforms.It’s backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix.Upstox offers absolutely free trading account and free trading in Equity Delivery segment.
2. M1 Finance : An open ended platform that enables the creation of flexible portfolios that could be tailored as per the requirements. Not only you can create your own portfolios but also can use the individual portfolios of over 80 experts. It works on the concept of tried and tested brokerage service, and expects the basic learning of what all you do. All these services, that too charge less.
3.Kotak Stock Trader : An out and out app for stock trading that provides us with the minutest details of the market. It allows the individual to place orders on BSE and NSE on a click. It comprehends live streaming stock market data to analyse and track your portfolios and alter them accordingly.
4. IIFL Markets : With the unique feature of swipe to swap trading makes this app superior. The feature allows the user to make transactions by placing orders through a swipe. Consequently, the feature of stock watchlist allowing the user to accommodate over 50 stock market scripts, makes it user friendly.
5. Fidelity : An effectual website which lays out personalized investment strategies and lets the user manage and place orders with ease. Their way out update of streaming podcasts of various market insights and innovations has strengthened it.
6. stREITwise : Want a good command over real estate investments, this is the best area to! Although it stocks up the initial investment for a period of time and has higher risk, it can be a fruitful source in the long term.
It is needless to say that if only we could be ready to risk,we wouldn’t stress and doubt about it. However, after taking any of the above whereabouts for investment , do remember , the stock market is altered again and again, don’t struggle and it’s necessary to keep patience.