First Step Towards Your Investment Journey

I would like to start this blog with a quote from one of the greatest investors of all time Warren Buffett  : "If you don't find a...

I would like to start this blog with a quote from one of the greatest investors of all time

Warren Buffett

 : "If you don't find a way to make money while you sleep, you will work until you die."

Nowadays every other teenager or more accurately a person in their early 20s is very much enthusiastic about investing their money, but they don't know how to start or where to start, what is the right time to start investing, and many other queries. So I'm here to help you, to guide you.

If you are a teenager or a college student or whatever your age is, there is no time limitation to start your investing journey. But if you start early you will always get an unfair advantage over others and why if you start early you got an unfair advantage that we will discuss later.

Here is your answer to how to start your investing journey :

➤First: If you are from India and you are 18+ then you need some Govt Id proofs before start investing, 

Here these are,

A valid Aadhaar Card, PAN Card, sometimes you might need a Voter Id card(not necessary), Bank Account with full KYC(Know Your Customer), a Demat Account(If you want to invest in stocks). These are the basic documents you need in the first place.

⦿Suggestions: If you have a Payments Bank account it will give you a seamless experience throughout your transaction(It's my personal experience), there are various Payments Banks but the leading ones are Paytm Payments Bank, Airtel Payments Bank, Jio Payments Bank, etc. 

If you want to know where to open your Demat account comment down below.

Aadhaar Card    🠈 Follow this link and you can book an appointment for your Aadhaar Card. One thing I wanna tell you, after 18+ you must update your Aadhaar Biometric details or you may face some issues. Also, submit your own mobile number in the Aadhaar card, it will help you to do e-KYC.

Pan Card       🠈 Pan card registration link, it is one of the most important documents for you. It will help you to complete your KYC. If you want to know why this is so important, let me know in the comment section.

With these documents, you can easily open a bank account with all benefits.

Warning :

Make sure to recheck your documents when you gonna fill up or submit these documents. If you leave any mistake there like your personal details>> Name, DOB, address, etc, then they will print the same in your documents and after that, you will have to suffer to correct the details. It will give you a huge headache.

➤Second: Before investing you have to earn some money or if you are a teenager or a college student and you get pocket money from your parents, then a small amount of that money you can save and start investing.

If you want to know some earning tips comment down below.

➤Third: After completing these steps you will have to do some research and know in which place you can invest with low risk. In the first place, I would suggest you to invest in low-risk areas, after that you can increase your risk factor.

In my upcoming Blogs, I will suggest to you some of the best ways and best places for investing, which market is best according to your risk factor.

Comment down below and let me know which topic you want in next blog?

Best Broker for your Demat account or Which market is best to start investing in.

Editor: Sk Elaf Ahmed, Rupak Chowdhury.