Stock picking is a complex subject in itself, Because we like a lot of stocks in the beginning,we don't know which stock to choose. Different investors suggest different things. But today we will tell you 3 steps such that you can become a millionaire by following.
Step 1. Company's track record.
You must have often seen that it is written in
the newspaper this xyz bank of reprimand by the Reserve bank of India. You must
have heard a lot of news in which the RBI,stock exchange or some regulators
keep levying fines or sending notices to some selected companies or some
selected banks in case of fraud. So if there is such a company to which the
government body is filing the file again and again, it is sending this notice
and If you start reading about banks . If you will read about banks then there
are some banks with which there is always something wrong with them. If you are
selecting a company as your first stock, then it must be seen that no notice
has been sent or any fine has been imposed on that company by any government
office.
If you want to
see which company notice has been sent or alleged by the government then search
🔍.
XyzcompanyFraud
Step 2. Low debt
Companies.
Let's take an
example. You have a chance to become a partner in two businesses, one business
which is earning very good profit and there is no debt on it, the other is also
earning very good profit and there is a lot of debt on it, If you become a
partner of that company, then tomorrow trouble may also come on you that you
may also have to repay the debt .
So in such a
situation, which business would you like to use, most people would like to use
a business with less debt.
The more
debt-free the company, the less the chances of bankruptcy, then the lesser the
company with less lift, the more your investment is safe.
There are top 10 debt free companies.
Step 3. After seeing Company's track record and
discussing debt free companies. The last thing that is important to understand
is whether you are coming to the market for long term investment or for short
term investment
If you are coming
for the short term investment.
Here the best
short term investments are.
. Malibu boats
. Aarons
. Alibaba
. Salesforce. com
. Array technologies
If you are coming
for the long term investment.
You need to
invest in Blue chip stocks.
What are blue chip stocks?
Blue chip
companies are highly reported in the market. These companies are very big, they
have been operated for years. If we talk about their income, then they are very
old and they divide most of their income among their investors.
There are top 10 blue chip stocks.
1.TATA
2.HDFC bank
3.Infosys
4.Coal India
5.ITC
6.johnson & Johnson
7.3M(MMM)
8.The Walt Disney co.
9.protector & gamble
10.Maruti Suzuki
Now I am
going to tell you how you start your investment from 5000.
The best thing
about the market is that if you want to invest in a property company, then you
need lakhs of rupees but you do not have any such restriction in the stock
market, you can start with 5000 .
Do you know one thing?
If you want to
win any race, first of all you have to take part in that race, if we do not
participate in that race, then we will win, how is the stock market? Everyone
wants to invest in it and everyone wants to earn crores. But a lot of peopleWe
stop thinking that somewhere we may lose, if we go back thinking this, then we
will never be able to invest again, either we will have to face that fear
firmly or we will have to sit back and just keep watching.
If you are young,
you do not have a lot of money and you are away from the market thinking that
then there is nothing to be disappointed in this too
In fact, you
should start with less money because believe it or not, in the beginning when
we are new, whatever stock you will choose may not be the best stock, maybe you
will not be able to earn more money than that, after a few years you will laugh
that before you Which stocks did you choose If this happens to everyone, then
it is good that those who choose the wrong stock in the beginning, in this we
earn less money. The first thing you
have to remember is that everyone makes mistakes in the stock market.
Sometimes in
fear, sometimes in nervousness, sometimes in overexcitement .
The very first
thing you have to do in the stock market is to open a demat account and open a
trading account
Demat account means the
account where your stocks will be kept, the stocks you have bought .
And when you buy
the shares, it will be stored in your
demat account .
Trading Account
Trading account
which opens with your broker because you cannot buy or sell the stock of any
company directly because there are some rules and regulations of that company
by which you cannot buy or sell any stock directly.
Now there can be
many brokers like some banks SBI HDFC sub bank also works as broker
If you live in
big cities then as you must have seen there are many brokers like Motilal Oswal
Angel BrokingBroking. But they provide a high facility which is not necessary
for beginners.
Some new
investors need to have some cheap solution, so discount broking is available
nowadays.
Now you can start
your journey.
So These three
steps which you should follow before entering the stock market and if you
follow these three steps you will definitely achieve success in the stock
market.
