How To Start Our Investment Journey In Stock Market
Starting an investment journey in stocks can be both exciting and rewarding. Here are some steps to help you get started: 1. Educate Yourself Read Books and Articles: Some popular books include "The Intelligent Investor" by Benjamin Graham and "A Random Walk Down Wall Street" by Burton G. Malkiel. Online Courses: Platforms like Coursera, Khan Academy, and Udemy offer courses on investing. Financial News: Follow financial news websites, such as Bloomberg, CNBC, and Reuters. 2. Set Financial Goals Determine Your Objectives: Are you investing for retirement, a major purchase, or to grow your wealth? Time Horizon: Decide how long you plan to invest before you need to access the money . 3. Assess Your Risk Tolerance Risk Questionnaire: Many financial websites offer tools to assess your risk tolerance. Comfort Level: Understand how much risk you are comfortable with and how much you can afford to lose. 4. Create a Budget and Start Saving Emergency Fund: Ensure y...