NOVICE , please help!
- Thread starter m2l2
- Start date
Do talk to your father!! 
It depends, if it is his money or fathers money.
The question surely is : About how much money do we talk ? Doe's it even make sense to look at it ?
If the amount is small, just diversify in bonds, shares and low risk hedge fund.
Bonds should be valued from B to AAA. Shares, you will take just a fund which invest in blue chip. Hedge fund, you only will invest in a product, which exist at least for ten years and is specialized in short going.
If you have big money to invest, you should pay for an exact analyses of what can be done with such amounts. I have done portfolios up to millions of USD.
Take care
DanPickUp
Investing in mutual funds is a good idea, if you are investing don't put all your money at one time, go for SIPs - systematic investment plans.
Visit valueresearchonline.com and mutualfundsindia.com - you will get lots of information about mutual funds from these sites. These sites also do a ranking of funds, which will help you to decide on the fund.
All the best for your investment, but don't do anything without talking to your father, you may regret it later.
Don't you think it is wiser taking advice from your father, than from strangers like us whom you don't even know:lol:
Have basic thumb rules of investments as quick guide. A) long term view. B) cherry pick funds which best from good, better and average. C) don't be impetient. D) have an advisor, traderji has enough to help you, listen to all, do what suits you. E) don't just buy on tips, a little birdy told in your ears and stock will double in x days, it never happens. people who advice you dump stocks they have to you. F) don't love or hate any stock or fund. loving x stock may eat all your capital and ignoring y may hamper your multifold profits. jahan dekho mauka wahan maaro chauka. G) buy in gloom, sell in boom or buy when others fear and sell when others are greedy. I) don't ever forget gravitational rule. all that goes up will come down. miss the bus, wait for other, dont jump in already running buses. If market is going up, it will come down, one day. A company selling it's capital can be overvalued upto an extent and after which market needs excueses to fall down.
Now that you learnt some basic rules, go through valuereserch site, moneycontrol's mutual fund section and keep visiting here on traderji. All you need is a broker, i would suggest fundsindia as it's free, has loads of interative features and has good coustmer support for novice investors. Other thing you can do is go to karvy or cams office at your place and apply for funds via cheque/ecs payment.
Mutual funds right now don't need demat a/c so opening a share trading a/c with some broker just for mutual funds is wastage of money, fundsindia/cams/karvy/uti will suffice your needs. 1st you need to have a pan card and than a "kyc" certificate. pan card can be made via karvy/cams at a fee levied by govt, don't pay extra penny, just 94 bucks, an adress proof and a photo id. kyc can be done easily free of cost at any cams/karvy/ilfs/uti office and takes 10-15 days to update. fundsindia provides you kyc update at no cost. Once your a/c is opened you can start investing.
You have 2 ways to invest, lumpsum or SIP. SIP is monthly or quartly payment of fixed amount for a specific tenure, lumpsum you pay once in a bluemoon. And with this above rules of investment have to be followed. Any more help, feel free to ask.
Now that you learnt some basic rules, go through valuereserch site, moneycontrol's mutual fund section and keep visiting here on traderji. All you need is a broker, i would suggest fundsindia as it's free, has loads of interative features and has good coustmer support for novice investors. Other thing you can do is go to karvy or cams office at your place and apply for funds via cheque/ecs payment.
Mutual funds right now don't need demat a/c so opening a share trading a/c with some broker just for mutual funds is wastage of money, fundsindia/cams/karvy/uti will suffice your needs. 1st you need to have a pan card and than a "kyc" certificate. pan card can be made via karvy/cams at a fee levied by govt, don't pay extra penny, just 94 bucks, an adress proof and a photo id. kyc can be done easily free of cost at any cams/karvy/ilfs/uti office and takes 10-15 days to update. fundsindia provides you kyc update at no cost. Once your a/c is opened you can start investing.
You have 2 ways to invest, lumpsum or SIP. SIP is monthly or quartly payment of fixed amount for a specific tenure, lumpsum you pay once in a bluemoon. And with this above rules of investment have to be followed. Any more help, feel free to ask.
Dear friend,
First of all, welcome to the investing fraternity. It's very heartening to see an young man having the prudence to invest. I guess you have received a lot of information from the posts above.
I would prefer to diverge and give you a different perspective to consider. First of all, I do agree with other boarders that you should talk to your father. You never know what advice he may want to give you. Hence, irrespective of what you do, do talk to him once.
Coming to your investment, I feel that you need to define the source of income. Whether you have one-time money or have a recurring source of income. Based on the same, one can work around the better allocation of funds and mode for it.
However, the more important question is the goals for which you need to save the money for. I would suggest that you refer to *My Portfolio* in moneytoday.in and *My Plan* in Outlookmoney.com. Here, the portfolios of few people are reviewed and advice is provided. Though the tune of investments and needs may differ, it will give you a perspective on analyzing your needs and setting goals.
Do ask if you require more help. Happy Investing !!
First of all, welcome to the investing fraternity. It's very heartening to see an young man having the prudence to invest. I guess you have received a lot of information from the posts above.
I would prefer to diverge and give you a different perspective to consider. First of all, I do agree with other boarders that you should talk to your father. You never know what advice he may want to give you. Hence, irrespective of what you do, do talk to him once.
Coming to your investment, I feel that you need to define the source of income. Whether you have one-time money or have a recurring source of income. Based on the same, one can work around the better allocation of funds and mode for it.
However, the more important question is the goals for which you need to save the money for. I would suggest that you refer to *My Portfolio* in moneytoday.in and *My Plan* in Outlookmoney.com. Here, the portfolios of few people are reviewed and advice is provided. Though the tune of investments and needs may differ, it will give you a perspective on analyzing your needs and setting goals.
Do ask if you require more help. Happy Investing !!
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