Hello,
I am a software engineer with 2 years experience. I want to start investing in stocks, mutual funds or any other areas. I don’t even have a demat account. What would be your advice to complete beginners who wants to focus on their financial management and start investing? What would be some best areas to invest and start learning?
Your advice is really needed and will be very helpful.
You can learn basics of technical analysis - Learn about candlesticks, patterns, Moving averages, RSI, Volume, Trend channels, support resistances.
Fundamental analysis- learn how to read balance sheets, PnL statements, understand how policies and economic factors affect businesses.
Youtube is a great place, endless content.
First step -> Have a term life insurance of coverage equals to your salary x 10. Take coverage till age 60. Add critical illness rider and nothing else.
Second step -> Have a health insurance coverage for yourself and dependent family.
Third step -> Before investing in stocks directly opt for mutual funds. Invest 50% in Nifty 50 index fund, 50% in Flexicap fund.
Fourth step -> Invest in good bluechip stocks directly.
There are enough videos on YT like from LLA, AnkurWarikoo etc. You can go ahead and watch them. Safest bet to start as beginner is mutual funds. What in mutual funds would be explained by above videos
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As a beginner, which mutual fund or stock application should I use to open a demat account, and why? Experienced individuals, please share your advice.
Most importantly part is mutual fund and stocks for long time above 10 year
If we are a beginner is it good to invest ourselves through any Investing apps like Grow/ETMoney etc.. or should we consult any financial advisor or firm to start our investing journey. Please suggest.
I am pretty new to the investing and have invested in some mutual funds and nifty till now since I was having other responsibilities to fulfill. Now I want to start saving for my retirement but don't know how to start? How do you guys fi...
I've always lived paycheck to paycheck, but I want to start investing.
Where do I even begin? What advice would you give to a complete beginner in personal finance?
