Well, I actually started in stock market 8 years back. AndI have invested money in various other avenues.There are few things that other people advised me, and few things that I learned myself over the course.Forbeginners,here are 5 piecesoninvestment thatthey must know:
1.The stockmarket isn’t the onlyinvestment avenue- Many “experts” and bloggers would tell you thatif you want to invest your money,you should go forthestockmarket. Yes, it’s a good advice—but not always!Aside from stocks. there are plenty of assets out there, just as lucrative, where you can put your money.Gold ETF, real estate, mutual funds (SIP), IPO,Binds,company fixeddeposits,unit-linkedinsuranceplans,and cryptocurrencies.Check out all these options.
2. You will lose money- There are so many tips and tricks out there that teaches you how toget the maximum returnson yourinvestment. What they do iscreate aperception for the readers thatunless they get back this optimum return, they have failed. In reality,in investment, youwill lose money. And at times,small losses are good tounlockbigger rewards. So never be so afraid to lose your money.
3. You must keep emergency fund separately- This is very important, and I learned the hard way. There were times that I needed urgent money—but all myfund wasstacked in different investment avenues. You shouldn’t make the same mistake. Keep aside an emergency fund locked in your bank account. You never know when you mightneed it!
4. It isn’t a one-day work-If you’re serious about your investment and the returns,this isn’t a one-day game.It’s along-termplaythat would take years to build a solid portfolio. You needa systematic approachto invest your money inthediversearea.You cannot expect to invest all your money somewhere in one-go and hope it to make you rich. It takes time, hard work, consistency, patience andsmart financial planning.
5. You shouldn’t take it very seriously- There was a time when I had my money invested in many avenues and everything was going so fast around that I didn’t haveenough time to sleep or eat properly. My health was severely affected.I would be stressed all the time. And this continued for like 2-3 years. If you’re just starting to invest your money, don’t take this too seriously.Learn how to tacklestress.Know how to manage time.It’s okay if you’re losing money.Take proper care of your health. Eat healthy, exercise, get enough sleep, have a hobby. Don’t overthink about money everyday.
These are5 investment lessons I have heard and learned over the course of 8 years. Hopefully, foreveryone whoisjust starting, this answer helps.