Investing in Equity
(Part 2 : The Requirements)
So now that you know the benefits of investment and the vast opportunity you have to grow your wealth here is the answer to your second question :
How can you start investing/ What do you need to start investing?
And here is the answer,
In order to buy stocks, first of all you need a demat account. You can go to your bank and simply ask them to open one for you and they shall assist you with it or you can download one of the many apps available to open one digitally A demat account is the account in which the shares you buy will be held. In simple terms, it is like a savings account for your shares.
Second, you need the assistance of a stockbroker who is licensed to purchase securities on your behalf. Now there are two basic ways in which you can do this
A. Get your account opened with a stockbroker. Now whenever you wish to buy or sell a share you will call this stockbrokers office and ask him to execute that trade for you, or
B. For the more tech savvy people, you can get an online brokerage account with a stockbroker where you yourself will
execute the trade on your laptop/computer.
You shall be charged a small fees per transaction which differs from broker to broker so you have to make sure you find one who charges the lowest percentage or at least in a reasonable range.
Third, you need a sound financial plan and good advice to be able to make a well informed decision about your hard earned money and to get optimum returns out of it.
In case you’ve decided to grow your wealth with sound financial planing and expert advice then you don’t need to look any further.
We at InCAN Advisory will provide you with a customised financial plan and investment advice that best suits your needs to maximize your returns while minimizing risks along with all the assistance you need for the same.
For more information on such services and to start your journey towards increasing your wealth contact InCAN Advisory.We hope you learned from this blog about investing for growth. Please provide us your thoughts and we hope to welcome you to the growing InCan family in the near future!!