Learn How to Invest!

There are many investors in India who start investing only after their 50’s and some in their 60’s. In my opinion, it’s not too late to start. 

 

Investing may intimidate you in the beginning but it’s not rocket science. You may win a bumper prize if you are emotionally balanced. Maybe you have to devote some time time to learn the nitty(Nifty) gritty of investing.

 

It’s worth learning the language of money as it can boost your confidence and you can live better. Interestingly, 90% of the problems in India are related to money. 

 

Young investors who are in their 20’s, 30’s are worried about how to retire early. It’s relatively easy to invest and create a retirement corpus if you are young. If you are disciplined and consistent then the sky is the limit for achieving your financial goals. You can easily achieve the FIRE (an acronym used for Financial Independence Retire Early) in the next 10 years if you are willing to learn. Unfortunately, most investors want to become rich quickly and they think gambling in stocks would help them to achieve their goals. In fact, it's a gambler fallacy-it’s the easiest way to lose money. That is why 99.8% of investors lose money in the market. 

 

How to know if you are gambling? 

 

If you really don’t have any idea of what you are doing you’re surely gambling. If you gamble you will be anxious and spend more time on stock tickers. Please remember gambling is a disease. You may take calculated risks with trading knowledge but you should never ever indulge in gambling. 

 

Let’s learn how to invest without much ado.