Understanding the Investment Terms is a major challenge. We can make ourselves familiar with the terms & their meanings only with a disciplined & dedicated reading.
ICICIDIRECT.COM's Online Courses link,
http://content.icicidirect.com/learning/university.htm
is a good place to start with. This provides an Overview on Indian Stock Market - NSE and BSE, Stock Exchanges, different investing options & more.
Few other useful material on Investing could be found at,
http://investopedia.com/university
This site has very good tutorials on Investing Basics, Mutual Funds and few Advanced Topics.
For PersonalFn's Money Simplified Archives.. Click Here.
3 comments:
Hey Anand,
The sites which you have mentioned are really helpul. Thanks to you!!
This is the path I have taken so far(mentioning even the rudimentary steps) -
1. Opened a DEMAT a/c through ICICI.
2.Gone through the icici direct univ web pages on stocks and shares completely, it definitely lays a good foundation to the beginner like me!
2 key concepts metioned are -
- buy at low, sell at high
- avoid fear and greed.
3. Did some reasearch on the stocks mentioned in icicidirect home page - 'pick of the week stocks'. Though not an expert myself, I did my part.
Analysis includes -
a. company's past performance - net income, net profit - YoY as well as quaterly results.
b. Company's recent annoucements, profile - one can look in www.bseindia.com for this.
c. Current valuation of the stock.
From websites like www.bseindia.com, I'm able to get the graph of the price movements of the stock for the past 2 months, 6 months period and from the day it became public.
4. Took few view points from some of the well experienced folks in this field.
Here, I want to make a point - look for the best in a person, no matter whoever and whatever he is. I have got so many friends, but IMO not everyone is money-wise, though he is wise in some XYZ. To my luck, I'm able to find some guys who are really money-wise.
5. I can't keep on reading and reading... one should jump in to the water to learn swimming - no theory worths it!!
So, I bought few shares of a company and as expected the prices were also going up. But when to sell it?? it depends on one's investment goal. I have bought it on a long-term perspective and hence I have planned to hold it for atleast 2-3 yrs, as I'm confident that the companies bttom-line will grow bigger atleast for the next 2 -3 years and hence I'm not bothered about the current volatility of my stock - yet I have kept few check points for myself ;)
Though the stocks which I have picked up today is going north, it might be like a begineer's luck.
So now I'm on the move to understand on, how to analyse a stock by looking into its fundamentals - like what is EPS, P/E etc. For which I hope investopedia will help!!
Also want to educate my family about money better.
Cheers,
Arun.
"Know more, gain more"
Thanks Arun for your comments and encouraging words.
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