1000 rupees invested every month in the stock market can make you millionaires. It is possible to become a millionaire and also have enough time to enjoy your life. All you require is the right strategy, discipline, and consistent investment. When investing in the stock market, keep in mind that you invest in stocks that are always beneficial Like ITC, Infosys or SBI, such shares are also called Blue Chip shares. Indian stock market has thousands of stocks available for investing.
How to investing your first Rs 1,000 in the stock market?
Rs 1,000 is not a big amount. If you are buying a stock worth Rs 200, then you will be able to buy five units of those stocks. Therefore, if you are planning to invest your first Rs 1000 in the stock market, then you need to widen your selection criteria to the stocks pricing between Rs 1 to Rs 1,000.
General citizens stay away from the stock market Though it is easy to invest in the stock market and its process is quite simple Yes, it takes a little time to understand it.
The first rule of investment in the stock market is information about cheap and good stocks Good share ie shares which are less likely to break There are many shares in the stock market which are considered to be strong but important is to realise that, picking any random stock is not a good investment. According to market experts, investors can buy a limited number of such shares every month.
For example Eicher Motors- Royal Enfield bikes parent company (over 80 times returns in last 10 years), MRF Tyres (over 17 times return in last 10 years), Symphony- coolers (over 12 times return in last 5 Years) etc
Keep an eye on the investment that your investment in the stock market will not affect your savings. Do not hurry to invest in the stock market. You can get help from the brokerage house in investing in the stock market.
Now, after starting the investment, you will have to make further planning Keep in mind that the returns on investment in the stock market have to be taxed, So keep in mind to file a return.
Your small investment gives a big advantage in the future During this, you get the benefit of increasing the price of shares, as well as benefits like dividends and bonuses However, for complete information about this, you will need to seek help from a broker, which can remove all your doubts. In this way, investing a long period of time in the market can earn a lot of money.
Don’t expect high returns
This is my final advice. Do not expect high returns while investing your first Rs 1,000 in stocks. Even if you get a return of 100% in 6 months, still you will make a profit of only Rs 1000 (Rs 166 per month on an average).
Remember this, Warren Buffett started with $100 and turned it into $30 billion. That means that it isn’t about the money you have, it’s about the knowledge you have. It means there are no real barriers to you getting rich if you’re willing to work hard and learn.