The stock market is a blind well, such people say about it, that is, you have to shoot arrows in the dark, most of the chances of arrows are on the spot, you just need to be careful, we will tell some things from our experience.
Invest only money outside your need.
First of all you have to work that you should set a budget of your house, use the money which is outside the budget for the whole year for the stock market, sometimes the person is in loss, the other person needs money. And that guy is compulsively bent on selling the expensive shares bought cheaply. That is, you have to invest for the long term.
Do not invest all the money in one company.
The most important thing is that you never have to invest money in the same company, sometimes it happens that the person invests money in a company and that company goes bankrupt, and that company also sinks the investor’s money with him. Therefore, if you invest a little in ten companies instead of one, then 9 out of 10 companies are expected to make profits.
Do not panic if there is loss, this is an opportunity.
If you see a loss then you do not have to take the load, this is an opportunity to buy your expensive shares which are cheap, if you have bought 100 shares at a price of Rs 100 and after one month the price of that share is reduced to Rs 70. If it happens, then you have to buy the same quantity, that is, now the average price of your share has become Rs 85.
Buy only shares of good companies
The most important advice for you is that you should never invest it in a company whose health is not good, do not invest in such companies whose names you have not heard, the shares of many companies are touching the sky and people are in this trap. Gets stuck in it, then when he starts falling, he does not get a chance to get out due to the lower circuit. Always buy shares of those companies whose fundamentals are strong, like in today’s time, chances of making money in companies of Reliance, Tata Adani are very high.