Wealth Creation Rules: For returns along with the youthful zeal of investment!
In this changing world, technology has changed a lot for the new generation that grew up playing with smartphones. Along with the fund of investment, the increased options to earn money have given them innumerable opportunities. Their speed of thinking about investment is also very fast. But to make money from investment, even today, along with youthful zeal, old-fashioned wisdom and patience is needed.
Research and disciplined investment is necessary
India is the fourth largest capital market in the world. As a major stakeholder in this growth story, the youth is not just a spectator but an active player. Many times it is seen that the youth invest in enthusiasm and excitement, but due to the poor performance of the investment tool adopted, they lose courage and start shying away from further investment. In such a situation, there is no other solution than disciplined investment after doing a lot of research as before. NSE data says that the most successful investors are those who do not stop investing with any good or bad cycle of the stock market. Therefore, the advice to the young generation is that instead of relying only on social media hype and technology, try investing and make a strategy by doing proper research.
technology has not become a substitute for good advice
According to a report by Economic Times, only the transaction technology has changed in the stock market. The principles of investment have not changed. Even today, technology and smart phones have not become a substitute for the advice of research experts. Instead of the advice of experts, you can also personally adopt the scrutiny of strong fundamentals of companies. According to a report, this has become necessary in the era of expansion of investment in India. Investors have expanded to 99.84 percent of India's pin codes. Their average age is 32 years. That is, half of the investors are below 32 years of age. This clearly means that the capital market is being democratized in India. Therefore, there is a need to move ahead only after considering every investment as an election candidate and thoroughly examining it.
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