An earnest request, from one of my buddies, has inspired me to write an article on how to start investing? Treat this as a journey from the i to g of investing. I would probably narrate my story on how I got started and in the process formulate the do's and dont's in investing.
Dummies, please hard code these golden words into your brain "no knowledge - no investing". If you can strategize your investments along the lines of the above phrase, you will always make money in the markets. How much you make depends on your foresight, knowledge and risk appetite.
For starters please start reading economic times. This is the bible of the Indian economy. This is how I got started. Initially you will bump across a lot of jargon's. Please get each and every jargon clarified. How? Mail me, call me, sms me!!! Else, read the web or ask an expert.
Along with reading the economic times, start watching CNBC. A very good business channel, but I can rationalize with a very select analyst's on this channel.
When I started reading about the markets, I used to read the tutorials in sharekhan's website. For beginners this is a good read. Very simple and straight forward. bseindia.com is also a wonderful wonderful website.
Give yourself a months time, reading and watching. Once you start understanding the markets and the economy, you are ready to take the next step. The step to open a demat account.
I am reiterating again "an aware investor is a successful investor".
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