Savings……! A very common and similarly significant word for everyone all over the world. When I hear this word, my mind slips into a flashback ever since I was a kid. I was taught to save the money from my pocket money or from wherever I get it and put it into a piggy bank. This process is too long, if I start describing it here it will not end in one blog. What I actually mean to say is savings are something that helps you at every stage of your life. So here I am going to describe some basic knowledge about shares and the share market.
The biggest myth in people's minds about the share market is that it is a gambling game. No, it's not. Share market isn't a game of gambling. It is the game where not the luck but the presence of mind and updated news and knowledge make you win. Unlike gambling, the share market needs your presence of mind in place of luck. Past data represents that the stock market has grown tremendously.
Another myth about the stock market is that it is thought that a piece of very deep and sharp knowledge is needed to start investing in the stock market. This line is a mixture of truth and myth. Yes, knowledge is indeed needed, but it is not that you need to become a master of stocks. A piece of basic knowledge is sufficient, after that, if you stay for a long run in the stock market then you can learn and earn together there.
You need a big amount of at least a hundred thousand to start investing in the share market. This line is again a big myth. You can start investing in the share market even with some hundreds only. Mark my word. I am repeating it, only a few hundred to start, which can make you like anything. I can feel that the readers are already having what they want in their minds. All you need is to keep an eye on the trend.
I also have something for the ones who are still thinking that it is really a big deal. There are basically three types of investments that you buy to invest in, in the stock market. These are equity shares, preference shares, and the debentures. All these categories have different pros and cons which I will discuss later. Do comment if you want to hear further.