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?
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
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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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 ? In options or futures ? I also want to learn the same. Any suggestions from where should I start ? Thanks in advance
Although I have a history trading in crypto and stocks. (loosing 8k at the covid time of bitcoin crash and without any prior knowlege of trading 🥲).
Now I want to learn a new skill and distracting myself from the virtual world. So, I t...
I grew up in a family which used to be just above poverty line. My mom had worked a lot to provide making 7K a month. I now have a job that pays 15lpa. Other than good food on table I'm not sure what i should do with the money. I save ev...
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