You need to:
- Learn about Stock Market… its so easy that even a class 5 student can understand… without knowledge nobody can make wealth…90% of the important things in stock market can be learnt in a day…even a pickpocket has to learn the art before he picks pocket…. Without Saraswati you cannot there is no Laxmi.
- You need patience… You can easily make money in Long Term Investing… BUT… You cannot make money quickly in stock market… You can bet on stocks and 90% lose their money… SEBI has warned people. 99% of people who are in stock market are in for Short Term.
- Short Term people give away their shares and wealth to Long Term people… Provided the stock picked is FUNDAMENTALLY strong (increasing sales, increasing profit, increasing revenue, above 25 ROCE, above 25 ROE, below 50 PE, etc).
- Stock Market is like growing a Mango Tree or Coconut Tree farm… Keep investing for 10-15 yrs… Then do almost nothing and reap rewards.
- Stock Market is a secret to multiply wealth. Here your investment multiplies by Bonus, Stock Split, and Dividends… Along with increasing stock price… Most people only see the stock price… THAT IS ONLY THE TIP OF THE ICEBERG.
- The biggest advantage is to get in EARLY… So you can buy huge quantities of stocks… Like in multiples of 1,000s if not in 10,000s. This is so at least the dividends become meaningful and if you are lucky to get Bonus or Stock splits in future you leapfrog by that much.
- Some of the best stocks for beginners are 1) Dividend stocks… It will become a new stream of Income… This dividends can be used to buy new stocks… 2) Monopoly Company stocks.
- But still people prefer having a JOB… than invest in stock market.
- stop thinking SIP in Mutual Funds will make you rich… Have you heard even 1 person say “I became rich because of Mutual Funds”… Or “I invest only in mutual funds”… FDs are for illiterate people… and MF are for people who prefer to do jobs and have no interest to make money.
- People who invest in MF are like … “bro pls take my money and do whatever with it… even charge me a fee… but promise me you will marry me… oops… just say you will give me 20% … I won’t mind even if you might NOT make 1% also”… “Just take away my money because I am too lazy to invest in stocks… Zomato and Swiggy orders I can manage but Stock App I don’t want to learn… although it’s as easy… I told you I am lazy”.
- Money doesn’t go to LAZY PEOPLE… who also happen to be same bunch of people with no interest to LEARN ANYTHING new … after they completed School/College.
- people who can read English have a VERY BIG advantage in stock market over those who cannot read English.
- if if cannot buy 1,000 stocks at once you buy little by little in small quantities till you reach your goal.
