The most effective way to grow your financial wealth is to invest your money. Investing smartly can provide you with significantly higher returns than inflation.
The act of investing is the process of buying assets that increase in value over time and provide income or capital gains over that time period.
Here are a few key steps toward doing so
For entering the market requires that you have your own Demat and trading account. This is the starting point to invest in the market. It’s called a BO account. This account should be linked to a pre-existing bank account for a seamless transaction.
The next step is to log into that trading account by depositing cash or cheque. The next step is to log into that trading account by depositing cash or cheque.
Then go ahead and choose the shares that you wish to sell or buy. Ensure that you have the requisite amount of funds in your account that can help you buy the shares. Alternatively, if you wish to sell, make sure you have the right number of shares before you choose to sell.
Next, decide the price at which you want to buy a share versus sell it. Wait for the buyer or seller to reciprocate to that request.
Complete your stock market investment transaction by transferring the money/shares and you will receive money/shares.