My Recommendations to Start Investing money 🤑 as a Fresher.(For Beginners)
“Never Depend on single Income Invest to create second source, Diversify your portfolio”
Disclaimer: I’m not a financial advisor, I’m here to share some important key factors which can help my connections in avoiding mistakes and help them learn about investing their money wisely for future.
1. Demat Account
First Step will be to choose Demat account, Demat Account is the most important factor of your trading career so choose wisely. I’ll just recommend two options it’s not referral or something from my side but complete research and knowledge shows Groww and Zerodha are the two best options according to some factors, I’ll discuss below you can choose any others also.
GROWW — It’s offering free account opening charges and demat trading account charges but It has many hidden charges afterwards like delivery charges and all.
ZERODHA — It offers account with 200Rs. Opening charges + (Optional) Commodity Charges 100Rs. It has less charges than any other broker available currently for brokerage, delivery and many more.It has two mobile Application for Trading Stocks use Zerodha Kite App and for Mutual Funds use Zerodha Coin App.
My Recommendation is Zerodha, If you are looking to invest from now, But you are just looking to learn and want to have some demo experience go with Groww it has Clean UI. But Zerodha is the best because afterwards you have to open account in it for sure due to minimum charges.
Click on the names to download: GROWW & ZERODHA
‘’Most people don’t spend time learning trading or forget what they’ve learnt when placing an order. The order placement step is also when users pay maximum attention. With “Nudge” we are now able to leverage that fraction of a second to educate users & help them avoid mistakes,’’ Nithin Kamath, CEO
Learn about the Stocks, If you are interested based on the Amount of Time you can Invest, Category of Stocks, Faith, Performance of the Stock and Many more details…
