Important 7 Key Takeaways to Invest in Share Market
1. Understand the Basics First: Learn key concepts like stocks, mutual funds, IPOs, index, and how the stock market works before investing.
2. Set Clear Financial Goals: Define your investment purpose—whether it's for wealth building, retirement, or short-term gains.
3. Start with a Budgeted Amount: Only invest money you can afford to stay without for a few years. Never invest borrowed money.
4. Diversify Your Portfolio: Spread investments across sectors to reduce risk—don’t put all your money in one stock.
5. Think Long-Term: Avoid chasing quick profits. Long-term investing often brings better and more stable returns.
6. Stay Updated with Market Trends: Follow financial news, company performance, and global events that affect market movements.
7. Don’t Let Emotions Drive Decisions: Avoid panic selling or greedy buying. Stick to your plan and rely on research, not rumors.