Hi
Thanks for your suggestion sir. When sensex was below 10k, I was in 11th standard. I didnt have much knowledge then. But now that I have entered college, my father has provided me with some money and whatever I earn from my internships, I am planning to invest it.
That is why I asked whether it is right time or not.
Also I wanted to know can I invest in stock market through SIP or is it restricted to mutual funds only.
And thanks once again for your kind advice sir and I am looking forward for some more useful tips which I can use to make productive decisions regarding capital market.
Regards
Shashank Jain
Congratulations! Shashank for the thought of investing when guys at your age would like to spend and enjoy, Also your seeking advice here on traderji doing own research suggest you have good approach and going on right track and hope one day after gaining good experience with your money will share knowledge to other new investors like you.
Firstly, I am not very old their are more experts around here on the forum. I also started investment when market was at 18k 20k if you remember 3-4 years back.. I did everything right only time at which i entered was wrong still i have learned a lot and recovered all my losses, Some points with my estimated future movement can help you make decision
1. Alway start slow with Mutual funds 2-4 Equity diversified funds and small debt allocation is ok ( MY fav HDFC top 200,Reliance Regular Savings, Reliance Grwoth , Hdfc Prudence) I don't invest much into debt funds or FDs
2. SIP is always a good way if you have regular income source, But if you have lumpsum money then you can park it into liquid fund like reliance liquid and do STP into reliance regular savings fund or move money on every market correction
3. Future indicators seems market moving to 25 k by 1 year so don't invest but eery dip below 18k can be taken as opportunity to invest and I am sure some negative news building up when most of it is ignored when markets are at high sperit.
4. Also you can look for some undervalued stocks with a detailed analysis and business of a perticular company which has been ignored by markets,
I don't want to give my picks as its my belief it might not be right time to enter into them