How to start with stock market ?
I understand to create significant wealth you either invest regularly or build your own business. I definitely want to start with the first and get into stocks, options and anything that can help me trade short term. So how to start preparing for it considering I have zero knowledge of fundamentals and hands on practice of platforms
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As per Nitin Kamath, only 1% of retail traders make > FD returns while trading the mkts
Just Don't trade F&O it's not worth it if you've a regular full time job.
I have received similar advice from my colleagues, so yeah, will stick to it.
Mutual funds. Mutual funds. Mutual funds.
Unless you're a finance major or a noob with hours and hours to spare to research on companies.
But honestly, do you think you can invest better than trained investment professionals? I tried and failed. Must've lost a couple of lakhs doing dumb things. Now, almost always it's 98% MF and 2% stocks and that too, only large companies which I'm 100% sure will kill it, in a 3+ year horizon.
But yeah, if you back yourself, go for it. Don't listen to me :)
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Start with mutual funds, preferably large cap index funds. When you're comfortable with the stock market you can start investing directly.
Second source of income
So what are you planning to do for second source of income apart from your daily job. If already doing what's that?
Does Anyone here do trading ?
Does anyone here do trading ? In options or futures ? I also want to learn the same. Any suggestions from where should I start ? Thanks in advance