Steps for a Newbie in Stock Market


Bangalore: The stock market is going through a roller-coaster ride. As a result, investors are getting jitters just at the sound of investing. Investments are always prone to market risks. So, running away from it is not the solution. If you are a newbie in investing, then pay attention to the basics. Sanket Dhanorkar, of the ET Bureau, gives 10 valuable points to start investing right -

1. Know the Potential in Stocks

While looking at the potential strength of stocks, you will first have to decide the time of investment duration. Some stocks fare better in the short run, while some in the long. Also, some stocks fare better in intra-day trades. If you are planning for a shorter duration in investing, then go for stocks, like - Tata Steel, Reliance Capital and Jindal Steel. If you are looking for longer investment periods, then go for stocks, like – ICICI, SBI and the like. The only reason we invest in stocks is because they have the potential to grow. The trick is to know when they are at their best in the market. Remember – even blue-chip stocks have had bad days. So, watch the markets carefully.