Investing in stock markets is much more than knowing which sto | FitRichSane

Investing in stock markets is much more than knowing which stock you should invest in.

You must have heard stories of how investing ₹10,000/- in XYZ stock 10 years back would have become over a crore by now. But do you think you would have had the patience to hold on to the stock when it was giving a 100% return after a year.
Also, would you have had the conviction to hold on to it when it dipped and lost 50% value after a few years?

Without patience, conviction in the choice of your stock, and risk management, all the knowledge in the world won't help.

1) invest only in companies you believe in. Only that belief will allow you to hold on while the stock price goes up and down
2) invest money that you won't need for at least 5 years
3) don't get sold on free tips, friendly recommendations, penny stocks etc.
4) get very rich over time