The Beginning..

I don’t intend to use heavy indigestible economical/ financial terms while decoding the investment strategies to you, as this is for those who are more concerned are interested more in earning decently rather than getting stuck in the complexities of investing. Decoding the myth of successful investing, & as a first rule of it, I would strongly recommend you to start your investment from the day you start getting your first salary how low it may be. As a beginner the best way would be to start with a simple Systematic Investment plan (SIP) for capital as low as 500rs! Now you must be thinking what is this SIP, how mere 500rs could make you rich etc. Well trust me, this really works! Well I will brief you in short in this post how it works though we will look deeper into it in the upcoming posts. Say you just entered your job as a fresher after your degree/graduation with a salary of say just 15000rs. Assuming that you are single & got no other financial burdens, you can invest 25-30% (Rs 4500) of your income into your investments. Now to start with an SIP, you can apply online for a KYC which is really simple & then go for an SIP. Also you being a beginner, I would recommend you to go for Mutual funds (MF) through SIP & not directly into equity (stock trading/ share market) investing. Once you are comfortable/ convinced with the returns you get out of the MFs then you can go for direct stock market trading after you get a demat account. Do note that, once you get into share trading, never stop your SIPs, because we are working professionals & it’s not certain that you get enough time to monitor stocks you hold in your portfolio, hence these SIPs will ensure your hard earned money works hard by itself & grows along with you, though I will guide you how to manage your portfolio effectively within your time constraint with both SIPs, Stocks & other investment tools. But reminding you, make it mandatory to start investing from day 1 since the beauty of compounding (money multiplication) is most effective of you give it longer time periods!