How to start investing in stocks as a college student who knows nothing about it?
Help needed.
1. Pick 5-10 YouTube channel on finance
2. Assume that they are all trying to sell you something and hence take any offering with pinch of salt
3. Watch their videos for various use cases and scenarios
4. Get Zerodha or Groww app . Read their knowledge bank. Zerodha had something like University.
5. Start investing small and then go big
Start a monthly SIP in any mutual fund or Index Fund.
My Recommendation: Start a SIP either in Parag Parikh Tax Saver Fund or Parag Parikh Flexi Cap fund.
There is a lock in of 3 years in Parag Parikh tax saver fund.
https://amc.ppfas.com/
Isaiah Lee
Student
8 months ago
Kyu kre wo tax saver as a student? Jab ki tax benefit nhi h??? Wtf? Don't push in the wrong direction.
ELSS can be considered for investment also even if you don't claim tax deduction. I prefer the lockin as we are invested for at least three years and not tempted to withdraw. Have given other options as well which do not have a lockin.
If you start with some simple equity linked mutual funds, you end up investing in stocks anyway.
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