Nagpur: “You can start investing in mutual funds from as little as Rs 500. However, according to me, one should accommodate 30% of his or her monthly income as a form of investment to achieve exciting returns in future. Also if you need help in finding the right fund, a call to your financial adviser or a simple Google search for a good large cap equity funds would throw up numerous possibilities before you,” Tushar Badjate, Executive Director, Badjate Stocks and Shares Private Limited said while interacting with Nagpur Today.
Tushar Badjate discussed a range of issues including the guidelines one, as a new investor, should follow in the unanticipated world of investments. He also urged new investors to never use leveraged money to buy any assets.
Importance of patience:
Badjate stated that investing is a prolonged process. It often tests your patience, credibility as the fluctuations are mandatory here. While investing, one should never focus on short-term returns as focusing on short-term may obstruct progress toward long-term investing objectives which ultimately result in limiting the potential of your asset. One should start developing the habit of savings, and then escalate the percentage of savings as per one’s income.
Start investing early:
“While investing the more time you stay, the more time you get to evolve. Thus, it is really important to start early when it comes to retirement planning. In the age of inflation it is never too early to start saving. The more you invest and the early you start means your retirement savings will have that much more time and potential to grow. By investing early and staying invested, you may be able to take advantage of compound earnings,” Badjate asserted.
The Executive Director, Badjate Stocks and Shares Private Limited said, “One cannot buy anything at low and sell the same thing at high, although it happens but the possibility is very rare. As an investor one should never get exposed 100% to a specific firm. The best time to expose you, is when the market is at downside. While purchasing, it is important that, never use leveraged money to buy your shares. As if something goes wrong, you will end up in debt.”
Impact of national events:
“One should capitalize the national events like demonetization, surgical strike etc. As no wonder it would create adverse effect on the market, but it will stay for the being time only. Such scenarios might cause the downfall of the market and ultimately enable you a chance to invest all your credits,” he stressed.