In 2021 , investing in stock is like a trend . Everyone wants to learn this art and several financial benefits of buying stock in the company. In this article we discuss the Top 5 reasons why you should start investing in stocks in 2021.
1.Stock prices increased with time
The number reason is that stock is your asset that increases over a period of time. Because of this reason many people are very fast attracted to the field of stock market. To earn money from the stock market needs time and patience . Many of the stock marketer leave their stock above 40 year but it totally depends when you want to sell or Buy.
2.No much money is needed to start
If you are a beginner and think about investing in the stock market. No high amount is needed . If you are a student and your age is above 18+ then also you can invest in the stock market. In investing in this field you can start with Rs 100 only. Many stocks are available under Rs 100 thus we call them penny stocks. These 100 Rs you are easily saved from your job , pocket money and if you even ask from your parents.
3.High interest rate
Usually notice if you save money on back it gives you every little interest rate on their savings like 3 to 4%. But on the other hand if you invest in the stock market it has changed to give an interest rate around 18%. Because stock prices are every second and minute. So think deeply about which is the better option to save money in the bank or invest in the stock market. One disadvantage, there is a high chance of your money loss so be carefull. but if you gain knowledge and continuous practice you will succeed one day.
4.You don’t go anywhere
For opening a demat account(a demat account is an account which is required to open before investing in the stock market next we discussed it.), buying and selling stocks you don’t need to go anywhere you can easily do everything at the place you are living or working etc.. we live in the digital era so the time change and now everything is online then this thing is also.
Process of opening a demat account
Many of the apps give you the opportunity to create a demat account. By opening a demat account many of the apps charge a fee but many of the apps allow you to open a demat account free. These app have websites with the same name as their app.
Note: you don’t directly buy or sell stock from NSE and BSE . you need a broker that does the task of buying and selling. You can use some of the apps that you don’t need to contact any broker or go outside to find them. By using the app you can start investing at your own place.
Document needed to start a Demat Account
The three essential document needed to start a demat account :
1.Bank account (Saving preferred)
That’s the only document needed when you open a demat account by using an app.
Some popular apps that used in stock marketing:
I personally used a groww app to invest in the stock market. If you are a beginner and aim to start investing now then, install this app from my referral link to get 100 Rs as a signup bonus and you can refer your friends get another 100 Rs and so on, this signup bonus you can use to buy stocks or withdraw in a bank account after 24 hr.
Note: you only get 100 Rs when you Install app by using this link. The sinup is totally free, you don’t need to pay opening charges , account maintenance charges etc..