Some of my friends keep on asking me to teach about Stock Market.
I am studying market on my own with a personal interest. So I can list out what all resources are needed to start studying Stock Market. It’s left to users to study on their own in a hard way rather than simply relying on others.
If someone had not derived half baked knowledge from friends or any relative UNCLE then I can assure that person is best qualified to start studying about Stock Market!
But I would like to introduce 2 principles of investing at the end. It’s based on my personal experience and certainly its not any HOT tips or any half bake knowledge which I am trying to drive!
I will list each of the medium where one can derive info one by one
1. Daily morning News Paper.
It might be TOI or Indian Express. Most of the morning news papers have BIZ sheet in the middle which gives info about business round up and stock market related news.
Though a fresher will not understand anything in the initial stages they should not give up. It’s the basic requirement. Day to day news is very important. It gives a general feeling about things going around the world. (If possible one must also read the first sheet i.e. Politics! since it’s also one of the major factor driving the Market)
2. TV
One can spend half an hour or so in front of BIZ news channel viz CNBC, CNBC Awaaz (Hindi), NDTV Profit, ZEE Biz.
There is a 7 30 pm half an hour show on CNBC on business market days (Mon - Fri). This show is hosted by Udayan Mukarjee. It covers daily Market updates and it features many technical and fundamental experts commenting on the market. Most active stocks are discussed.
Have a look at business news at any channels mentioned above anywhere between 9 PM and 11 PM.
3. WEBSITES
Since many of us spend major part of our activity on net, websites are most integral part in our study of Market.
This website is a part of TV18 (CNBC) networks. News, stock specific movements, message boards, Mutual funds, IPO etc are the numerous sections which are updated regularly on hourly basis. One can create portfolio and keep tab on specific companies’ news and stock movement.
It’s easily the Rediff of Indian Stock Market.
These are juniors to moneycontrol.com!
It’s the official website of National Stock Exchange. Mainly comprises of official stock prices. Latest corporate announcements and financial results should be updated compulsory in this website by the companies. Similarly www.bseindia.com
One can also create portfolios and view news on Yahoo finance, Rediff money, Sify finance etc.
4. BIZ news papers & BIZ magazines
When you are familiar with market you can have a look at BIZ news papers such as Business Line, Business Standard and Economic Times.
Magazines such as OUTLOOK MONEY are very useful for financial planning.
DALAL STREET deals with only stock market and nothing else. It looks like a bit danger with so many hot tips flowing in many pages!
Decent magazines such as Business Today, Business World are helpful.
5. Online Brokers
Finally when you are ready for trading its necessary to have a stock broker since individuals can’t directly deal with Stock Exchanges. You must be equipped with PAN card to have a DEMAT account. (Demat account are like your Savings Bank account; Savings account holds your money where as Demat account holds your shares)
It’s better to have online brokers such as
6. RICH DAD POOR DAD
It’s a book by Robert Kiyosaki which deals with how to manage money and not stocks in particular. It’s a must read.
So these are the mediums and I have given materials on each medium so that you can access the financial and stock market knowledge.
And yes here are the 2 principles
1] You are responsible for your investment. No one should be blamed either for loss or profit! You should study and you should invest. Brokers give recommendations .Go through them research then take a final call.
2] Have patience in Stock Market maybe in LIFE also!!!
Suggestions are most welcome. If anyone thinks some other medium or some other websites or materials are good please post as a comment.
HAPPY INVESTING.
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