FreshlyBrewed
FreshlyBrewed
Good company

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

10mo ago
ElonMast
ElonMast
Amazon10mo

Zerodha Varsity

FreshlyBrewed
FreshlyBrewed
Good company10mo

Whats that

ElonMast
ElonMast
Amazon10mo

Try asking the same to google, chatgpt or bard

TallTales69
TallTales69
Unemployed10mo

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!

FreshlyBrewed
FreshlyBrewed
Good company10mo

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?

TallTales69
TallTales69
Unemployed10mo

If you need to be wealthy, you need to find time.

FancyChino64
FancyChino64
Stealth10mo

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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