Do not get involved in trading beyond a casual investment of 10-20k. By trading it is traditionally mean intraday, future & options. All these are for experts only.
omega44-xt
Gear up ...
I don't plan to touch those 3, can't sit & watch charts when I have a job. Currently have few thousands in some stocks, might add some more later, but planning to start SIP in MFs.
Zangetsu
I am the master of my Fate.
Yes, I am using it for last 1 year and its good. No cost and free.
Zerodha charges some amount I guess. But its old one and popular.
Even direct invest in shares is not to be taken lightly, seen people going bankrupt investing lakhs in failed companies(especially Anil Ambani group companies). If you have the money & want peace of mind then just buy some shares of top companies like reliance, hdfc, tcs, infosys etc & forget about it for 10+ years. If you want to go beyond then limit yourself to not investing more than 10% of your annual income(assuming salaried/self-employed, don't go beyond 10-20k if student/no income) at any time.
omega44-xt
Gear up ...
I'll likely not cross 20k anytime soon with direct investment. Hence MFs. I'm trying to follow analysts a bit to see how good their predictions are, let's see.
Forget about those youtube analysts & gurus, typical retail investor never come in contact with real gurus of stock markets.
omega44-xt
Gear up ...
I saw a channel by Pranjal Kamra on youtube, but mostly saw his videos on explaining how stuff works. Other than that I get recommendations from Axis (where I have my demat account). Axis' recommendations seem good till now, saw some of their old recommendations hitting the target price.
Anyways, I understand that at the end it's my risk, so for now just playing it safe with big company recommendations which will likely continue growing.
Once thing you need to understand is no-one can "predict" the market. They can only "estimate", based on various technical and fundamental analysis.
That's why you need to invest in diversification, while being wary of over diversification and portfolio overlaps.
And Pranjal Kamra is a great Youtuber. But he's a very conservative investor, while I like to try my hands dirty with riskier investments.
Working on writing a blog on my favourite "financial education Youtubers" soon.
That's why you need to invest in diversification, while being wary of over diversification and portfolio overlaps.
And Pranjal Kamra is a great Youtuber. But he's a very conservative investor, while I like to try my hands dirty with riskier investments.
Working on writing a blog on my favourite "financial education Youtubers" soon.
omega44-xt
Gear up ...
Many people recommended him, hence started watching him. Any stock market user must acknowledge the risks, if you are not ready to lose the money in worst case, don't invest that amount. I had some free time, so started looking into it.Once thing you need to understand is no-one can "predict" the market. They can only "estimate", based on various technical and fundamental analysis.
That's why you need to invest in diversification, while being wary of over diversification and portfolio overlaps.
And Pranjal Kamra is a great Youtuber. But he's a very conservative investor, while I like to try my hands dirty with riskier investments.
Working on writing a blog on my favourite "financial education Youtubers" soon.
My friends have just searched about mutual funds a bit & invested in ELSS funds mostly. Although a friend of mine made like 10k profit last year in 6-7 months by investing like 10-15k when the market started recovering. Now he doesn't have time, so left stocks.
Waiting for your list.
I know someone who was earning this same amount everyday by following typical youtube channels & whatsapp/TG groups & earned nearly 12 lakhs within 3-4 months only to lose all of it(incl even his original capital of around 1-2 lakh) in next couple of days. No need to mention that he was doing trading in intraday/futures/options segment. I also know people who invested heavily in shares like Yes Bank, Anil Ambani companies, DHFL etc only to end up losing lakhs. In short, directly investing/trading in stock market have never made anyone rich over the years. The huge amount one gets at the end of 15-20 years of MF investment/ETF index funds like niftybees/buying shares of bluechip companies like reliance hdfc etc after adjusting for inflation is just the recommended amount to live your post-retirement life comfortably.
@Vyom
Problem with directly investing in stocks is that it's extremely risky. Some even say that Intraday is "the most" risky form of investing.
While "intraday" is beyond the scope of this thread (you can create a separate thread to discuss it), I would like to share this video, which arranges the "form" of investment in increasing order:
While "intraday" is beyond the scope of this thread (you can create a separate thread to discuss it), I would like to share this video, which arranges the "form" of investment in increasing order:
Directly investing in shares of top bluechip companies is pretty safe, you can buy shares of reliance, hdfc, tcs, infosys etc today & forget about them for 10 years & you will most likely end up with good returns. Intraday is nothing much in front of futures & options as far as overall risk is concerned. Main reason for this being, you cannot carry forward intraday trades.
rockfella
Ambassador of Buzz
As they say 90% new traders loose 90% of their capital in the first 90 days.
rockfella
Ambassador of Buzz
The real gurus/the operators don't want anyone to know the real shit that goes anyway. These youtubers give good advice to people who know nothing about investing .. which is good in a way. As the most densely populated country in the world only 2/3% of us invest in our economy and struggle with life living in the E quadrant (If they have a job as in ) explained by Robert Kiyosaki.
Small SIPs is the only way out for most of us... for starters atleast.
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TheSloth
The Slowest One
Hey guys! I am back with another question.
I was thinking instead of keeping money in Savings account, why not invest in Liquid funds? Say I have 20K, I want to invest it instead of keeping it in savings account but I also want to withdraw this entire amount immediately in case of emergency. In this sense, savings accounts is best but if we compare it against FD or liquid funds for small amounts, how good is it?
Currently I have account in ICICI and it has 3% interest rate. FD in ICICI bank for 1 year has return of at least 4% interest. How is this FD against a Liquid fund e.g. Edelweiss Liquid Fund Direct Growth?
Note: This investment will be lumpsum, not SIP.
I am aware of the IDFC returns on savings account but it will be hard for me maintain several bank accounts and I am also lazy to go through entire process of opening accounts.
I was thinking instead of keeping money in Savings account, why not invest in Liquid funds? Say I have 20K, I want to invest it instead of keeping it in savings account but I also want to withdraw this entire amount immediately in case of emergency. In this sense, savings accounts is best but if we compare it against FD or liquid funds for small amounts, how good is it?
Currently I have account in ICICI and it has 3% interest rate. FD in ICICI bank for 1 year has return of at least 4% interest. How is this FD against a Liquid fund e.g. Edelweiss Liquid Fund Direct Growth?
Note: This investment will be lumpsum, not SIP.
I am aware of the IDFC returns on savings account but it will be hard for me maintain several bank accounts and I am also lazy to go through entire process of opening accounts.
Nerevarine
Incarnate
Things like IDFC popup every few years and dissapear when a lot of people use them. Only way to make any significant profit is to have an account from the start
For such small amount of 20k you don't need to consider liquid funds. Just make FD in paytm payments bank which has partnered with indusind bank to give decent fd rates with best feature being no premature withdrawal charges(aka breaking fd earlier than its duration) so it is practically as good as savings acc.
TheSloth
The Slowest One
If more people use it then company goes in loss cause of their high interest returns provided to customer?
Sounds good so I tried to check the Paytm website but it looks like I must install app to even login on web account. Sigh ...
Two things:
1. FD : Can I withdraw amount whenever I want? Is that same thing you mentioned as no premature withdrawal charges?
2. They will do KYC to activate FD feature on the account?
I tried to read on ICICI website about FDs but could not find about the lock period. I was not reading it thoroughly though.
You must install paytm app & then do video kyc to open paytm payments bank acc(do it anyway as it is free & paytm payments bank has the record of highest success rate of upi transactions among all banks with over 99% upi transactions always successful).
1. Yes you can withdraw anytime you want with the condition being that you will get interest rate as per the period fd remained in force before withdrawal.
2. See above.
Rates will be same as Indusind bank FD rates: