Investment is most important like earning. Without saving we can’t assume a quality life so if you are a beginner in stock market so first of all you need to understand some basic point about the investment because sometimes, investment become a risk.
Some people, can’t invest their money in stock market. because, they think investment needs lots of money, that’s not true you can start investing with the small amount. Now days everything is possible in with the very easy way. There are number of apps available in the market for trading and stock market and you can start investment with the 500.
If you want to start investment so you need to clear about your goal. short term and long term both. And you also need awareness about the right way of investment.
If you are a beginner so you need to understand how to invest in stock market. Before start investing you want to know about what is stock market. And you need to have some required document like- Aadhaar Card, PAN Card, Passport-size photograph and more.
For start investing you need to follow some step –
- Decide your goal for investment
- Open an account for the investment
- Set your budget for stock investment
- Manage your expenses according to your budge and start saving for investment
- Start learning about stock market basics.
- Start investment in stock market
1. Decide your goal for investment: – if you want investing in stock market and you are a beginner so you need to decide your goal means for this purpose you want to need investment. And you have to decide both short term and long term. Because for achieve something goal is important for the dedication.
If you have a goal in your life so, you will work so hard to achieve that. Investment is a continue process it is not like one time work. So, you need to invest according to your goals.
2. Open an account for the investment: – to start investing you need to open an account. For opening an account, you need to aware from some point. Two most important requirement in the stock market one is demat account and one is trading account.
- Demate account: – demate account is a simple account that to hold your share in electronic format, a demate account convert the physical shares into an electronic format. On opening a demate account you will be given a demate account number to be able to electronically settle your trades. Working of Demate account is just like a bank account.in your bank account you keep your money with the option of deposit and withdraw. same in demate account too.
You do not need to have any shares to open a demate account.
- Trading account: –for start trading you have to need a trading account. When a company lists its shares in the stock market you can trade the same on an electronic system through a trading account. You can get trading account by registering with a firm and stock broker. For trading transactions.
3. Set your budget for stock investment: – if you want to invest in stock market so it is necessary you have some amount excluding your expenses. financial planning is important for investment. So before start investing in stock market you need to set your budget. Because you don’t expect profit all the time. So, it is necessary for you to start set up your budget according to the investment planning. Investment is a continues process and you have to need continues investment.
4. Manage your expenses according to your budge and start saving for investment: – to start saving you have to manage your expenses because if you want to gain profit so it is necessary for you to do investment. So, for this you need to manage expenses, setup of your budget and start saving for the stock market.
5. Start learning about stock market basics: –before start investing in stock market you have to start learning about stock market basics, because lack of awareness is always danger. There are many important things you need to learn for stock market investment. Like knowledge about the investment account. Learning is also a continues process. And investment in stock market is a big decision of life. So, investing without learning is not a good decision.
6. Start investment in stock market: – after open the account and collecting all the information about stock market now you are ready for the investment.
Conclusion: – Investment is a part of life. If you want a quality life so, it is necessary for you to start saving but saving is not enough for you. for gain profit you need to start investment. There are many types of investment like property investment and gold investment. Investment in stock market is best process of investment. there are very high chances to gain profit. If you want to earn profit so it is necessary for you to start investing in stock market.
Every stage of life we need planning so if you want profit so it is necessary for you to start financial planning.