How to out the F in Finance
I want to start investing. Be it mutuals funds, or trading, options or day whatever it is. I want to learn it. However, I dont even know which app should I use, let alone where to invest. Any resources which would get me started with beginner lessons, how to start, where to invest, etc. Ps: Dont recommend scammy finfluencers
Read a book. Lets Talk Money. Monica Halan.
The equation for success is Earnings - Investments = Expenditure.
These investments need to be invested monthly in a single Nifty50 ETF / MF till you hit a corpus of 50L.
Buy SGBs when you can. Not more than 20% of your portfolio.
When you have 50L then start thinking of asset diversification - mid / small caps / real estate / debt.
Talk to a certified financial advisor who builds a goal based plan
Don't listen to random advice from finfluencers.
Discipline is destiny. There is no substitute for just continuing to invest regularly without major action. Don't expect big returns in a short time.
Good luck!
I am low on time. Hardly get 2-3 hours which I spend on upskilling. So reading a book is out of scope. Any other alternatives?
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FancyChino64
Stealth
8 months ago
As you mentioned you don't have time, you many approach a fee only financial planner and get their advice. They take a fixed fee nd advice on where to invest. They don't get any commission from your investments, so they don't have conflict of interest.
Here's a list of such advisors.
https://www.feeonlyindia.com/list-of-fee-only-planners
PS: I haven't worked with any of them.
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