Hello Sreekanth,
First of all let me thank you for all your articles on this forum. It's been almost 2 years when I started reading your blogs and through this blogs only I got all the basic knowledge on Mutual funds, Insurance products, asset allocations and taxation on different products. Because of your blogs only I am in position of managing my and my wife's finances comfortably now. I have distributed our asset allocation via investing in ELSS, Largecap funds, Midcap, Arbitrage, Liquid, Debt and MIP plans based on time period and our future goals.
Now I want to get into next level of stock investments but I don't want to start that just by following any tips. I did that 10 years back when I started my job and had my share of experiences like every other beginner. :)
I want to understand all the basics before getting into it as I know about mutual funds today (still learning not pro yet ;)). But unfortunately I can just see all the articles on Mutual funds basics, value investing etc. on every portal. Could you please suggest how should I go about getting these basics and how to pick my first few stocks? I read blogs almost everyday either on relakhs, stableinvestor, safalniveshak or freefincal so there is no issue with time and effort to study all it takes.
Thanks much in advance !
1 Answers
Dear Tarun,
Thank you for following my blog and for being a loyal reader! Glad to know that ReLakhs has made a difference in your Financial life.
To be frank, I do not have the required expertise on how to pick right stocks, hence I do not suggest anything on Direct equities.
I believe that one can only learn by investing in Stocks. Suggest you to pick some blue chip stocks for long term to start with, go through their balance sheets, understand the terms, their businesses/competitors... if you have the conviction that a particular business performs well in future, buy more of that stock when markets are choppy.
If you are not comfortable doing this, you may consult a fee only Financial advisor and take their help.
Suggested readings :
https://www.relakhs.com/10-reasons-avoid-short-term-trading-stock-markets/
https://www.relakhs.com/personal-financial-mistakes/
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