In this thread find some stock market tips for beginners, especially those who have joined market recently during #COVID19#lockdown and have only seen one-sided rally.
(If you like then please re-tweet to maximize reach)
1โฃ Save Regularly & Initially Invest Small Amounts ๐
#Investing in #StockMarket is comparatively risky as compared to investing in other avenues. Hence start with small amount and it should ideally be the amount which you can afford to loose.
It is the best thing to do initially, if you lack knowledge about #StockMarket#investing, start investing via mutual funds and only after learning the basics slowly jump to direct equity investing.
Best way to start is investing in front line stocks (#BSE30 - #Sensex or #Nifty50 - #Nifty) stocks when available at reasonable price during correction and hold them for long term, till their fundamentals remain strong.
7โฃ Seek Expert Advice & Avoid Following Crowd
If you are new to #investing, best thing is to seek expert advice. However seek advice of reputed & #SEBI registered people only.
Also remember never blindly follow or trust someone. Also avoid blindly following the crowd.
8โฃ Diversify ๐
To reduce risks, one should always #diversify. Never invest all your money in 1 or 2 stocks. Always have a diversified #portfolio of 8 - 10 or more stocks from different sectors.
However, never over-diversify too.
Also diversify in different assets.
9โฃ Never Try to Time Market, Invest Regularly ๐
Never try to time market to buy at extreme lows & sell at extreme highs.