We have seen a wave of early retirement and financial freedom and everyone wants to achieve it but believe me, not every one of us will be able to do this because not everyone has so much source of income that they can achieve all this. Believe me, if you want to retire early or you want to be financially free, then you need a lot of money for this and if you do not have so much money then perhaps this dream of yours can never be bad but still you should not be disappointed, you must make financial goals like if you want to buy a house or a car or you have some expense related to your education or anything can be, it doesn't need to be related to this, everyone can have their own goals. If you are a student then one of your goals can be that you have to buy a laptop for yourself or you have to buy a smartphone for yourself, which is not as expensive nowadays as it used to be earlier, but still, if you belong to a middle-class family, then I think this will also be a very big amount for you.
Well, no matter what you invest in, your consistency matters. Think about it. If you start investing in the stock market 10 years ago, even if it is a small amount, you can pick up any stock. Yes, it must be a large-cap stock (low risk). If you were investing regularly in it, then perhaps today you would have got a good amount in return. Nowadays there are many options like the one through which you can invest in the stock market. Mutual funds are the most popular among them and there is also ETF which are becoming popular nowadays, but earlier perhaps these options were not available. Earlier you had to buy directly from the stock. I also did not know much about this earlier. Perhaps if I had known about this earlier, I would have started investing from then. But what is the use of telling me now I cannot do anything? But I have started fulfilling my wish. I do not have such big goals. I just want to invest for a few years and want to see my portfolio grow and I do not want to regret later why I did not invest at that time.
Look, nowadays the trend of trading has increased a lot, but if you have a patient mind and you want to invest with a long-term prospect, then you should not do trading, instead, you should invest in some of the best shares, crypto, any acid that you trust and whose fundamentals you feel are strong and I am sure that if you keep doing something different like this, then after years to come you will not need to do anything and you will get a very good return from the money you have invested and try to invest in such stocks in which you keep getting dividends from time to time and you reinvest that dividend in the same way and keep doing this for a few years and I hope that by doing this your portfolio will grow and you will be very proud of this when you see your portfolio after a few years.
It has been almost a year since I have been investing and now I am also investing in shares. Yes, this option is available on the IndMoney application. If you have not yet installed this application, you can join from the link given here. You will get many benefits from this and you can start trading with a small amount also, from about ₹100 per day. Yes, there are some good options available here, in which you can trade on any of your favourite shares. There is a daily, weekly and monthly option, through which you can start your investment and you can start making good investments. Join IndMoney from here
Here I feel that if you go with a long-term perspective, then it does not matter how small or big your amount is, it just depends on how consistent you are. Many people start investing with a large amount in excitement but are still unable to maintain it. So my advice would be to start with a small amount and keep increasing it by 5% or 10% every year and keep doing the investment for a few years and believe me, after a few years you will start seeing the difference between this small percentage and you will feel very happy when you will look at your portfolio.
Along with this, you should also maintain your emergency fund and keep it maintained and keep it safe in a place where you can easily get it in case of an emergency. Yes, you can also invest in stocks, it will be a little risky as well but if you can take a little risk then investing here will also be very good because the returns here are very good. Today, my office colleague had to break his mutual fund due to some financial problem and we saw that he had invested about Rs. 120000 in just 5 months and he has got a return of Rs. 1 lakh 60000. A return of Rs. 40000 in just about 5 months is not a small thing. I was very happy to see that he got a return of Rs. 40000 (yes have to pay tax on that but still it is worth it) in just 5 months. This is also a good thing. I am also sad that he could not continue his investment. I hope that he will invest again in the coming time and then he will get more profit.
So the overall point is that all of you should invest even if it is a little mountainous and you should try to increase your income as much as possible which will allow you to invest more and you can diversify your portfolio. Thank you, I will meet you with some other posts.
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Translated via Google Translator, The content is original.
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