Outlook Money
New investors often make the mistake of investing in stocks on hearsay advice or tips from people, which can be very risky.
In order to get the expected returns from your investment, it is important to have a proper investment plan.
As inflation can eat into one's investment, it is important that the returns are above the level of inflation. Stocks are helpful in this regard.
Stock markets are volatile and rise and fall over time. So, one must be patient while investing in stocks.
You don't need to have a large sum of money to invest in stocks. But make sure you invest in stocks with strong fundamentals.
Do not adopt a buy-and-sell strategy based on social media or similar tips. Invest in accordance with your investment goals.
Before investing, always be aware of the mistakes which could potentially lead to a loss of capital.
Compiled by Syed Muskan