Sumit Kasana Posted into Discussion 22 views
September 16, 2018

What is your advice for a 20 year old who wants to start investing in the stock market?

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Invest in mutual funds with your parents consent.

Get Good knowledge about market.... Don't trade as FOMO(fear of missing out) trader.... Understand the technical aspects of shares.... Don't try to make quick profits.... Try to come in market as a view point of long term investment.... nothing is sure in stock market.... It's not a pure gambling ... You must have good knowledge of graphs and how to see it ! Always work on win or win strategy.... Be strong at mental  and emotional level... don't be sad when you loos

Just Invest in Stock Market ...
1.Stay away from intraday trading. It is gambling and you will loose all your money. Not a single person became rich by day trading. 2.Never invest borrowed money. Only invest that extra money left after spending on your daily basic needs. So that even if you loose the money then it will not effect your normal life. 3.Don’t put all your eggs in one basket. Diversify your portfolio by investing in different sector stocks. 4.Buy when everyone is selling. The best time for investing in a fundamentally strong stock is in bear market. Follow strategy of buy on every dip. Invest small small amount on every 5-10% fall. 5.Don’t check price of stock daily. Because that will create panic situation. If the stock in fundamentally strong then no need to worry. 6.Don’t invest blindly in the stocks recommended by others. Do your own research and invest only when you are satisfied. 7.Keep patience, understand the power of compounding. Warren Buffett made more than 95% of his money after the age of 50 (see below image).
What is your advice for a 20 year old who wants to start...
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