Hey, I am a fresher and I am looking for resources to understand the world of investing and how to manage my money. Any advice is appreciated. Thank you
Don't read any book.
Don't pay for any courses
Don't join any telegram group (unless you are in IB)
Most people even with research lose money in the short term - and just simply lie about it
Bet like we all do, do it regularly, don't touch that moneg, hold it for years and pray
As a rule I never sell the stock till it's atleast 33% up (looking at you Amarraja)
(Bought Zomato at 140, hedged it multiple times, profitable now. #notaninvestmentadvice)
Right now my I am not looking for stocks and IPOs, thinking about mutual funds and sips and smallcases . But I am looking for resources like zerodha varsity, I fell zerodha varsity is a great resource to learn about investment.
Yes. Zerodha varsity, INDMoney are actually good.
Though I learnt 100s of candlestick charts before I started investing.
Is there a game for virtual investing? I think there was one, but cannot seem to recollect.
For MFs and SIPs, start with Index funds (don't know how this works though)
Middle class Indians can avoid “Psychology of money” as they keep hearing those chapters from parents since childhood.
If you are doing it to increase your knowledge, Psychology of Money and The Intelligent Investor are 2 good books. If you are thinking of applying it to your own money, I would suggest not to, and outsource that activity to quasi-wealth managers - it is their job and they will do it better
To begin with, read this book psychology of money and let's talk money by Monika H.
Hello,
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